Individual Flexible Premium Deferred Variable Annuity Contract ...

Date: 9/28/07As adopted by the IIPRC7. CD annuity products, defined as those with surrender charges that periodically renew andcredited interest rate guarantee periods that periodically renew, are compliant with the individualdeferred annuity SNL tests provided:i. The maturity date for prospective test nonforfeiture compliance is the later of the 10 thanniversary of the issue date or the contract anniversary following the annuitant’s 70 thbirthday.ii. The contract provides for a time period of at least 30 days at each renewal, during whichthe contract may be surrendered without surrender charges or other penalties.iii. For prospective test compliance, testing should be performed only once at issue and thesurrender charge should be set equal to zero (0) at every duration beyond the expirationof the initial interest guarantee period.iv.In demonstrating prospective test compliance, for any period after the expiration of thefirst interest guarantee period, the guaranteed credited rate assumed should be theminimum rate guaranteed in the contract.v. For a given interest guarantee period, the surrender charge percentage applicable at anyrenewal duration of that guarantee period should not exceed that for the comparableinitial guarantee period duration.© IIPRC 20