Optional Accelerated Contract Payment Liability ("ACPL") and Secured Wealth Transfer ("SWT")

If the Designated Participant dies while their Agreement is in effect, the Company will pay, on the Effective Date of Notice, the Accelerated Contract Payment Liability/Secured Wealth Transfer to the Indirect Participant in accordance with this ACPL/SWT provision. If there is no Indirect Participant living on the date of death of the Designated Participant, the Company will pay the ACPL/SWT upon receipt of Due Proof of Death of the Designated Participant and all Indirect Participants in one sum to the surviving Participant, or, if the last surviving Participant is deceased, to the estate of the last surviving Participant.

The Indirect Participant may request payment of the ACPL/SWT by filing with the Company, at its Administrative Office, a written request for such payment. The request will become effective on the Effective Date of Notice, which is the later of: (a) the date the request is received by the Company; and (b) the date Due Proof of Death of the Designated Participant and any deceased Indirect Participants and Participants is received by the Company. The Indirect Participant will receive the ACPL/SWT in the form of a cash payment, and the Account will be cancelled. Payment will be made within seven days of the Effective Date of Notice, except as the Company may defer any such payment of amounts derived from the Variable Sub-Accounts.

The Indirect Participant has the option of continuing the Agreement as the new Participant. The Indirect Participant must choose a new Designated Participant and may choose a new Indirect Participant, both of whom must be acceptable to the Administrator in its absolute discretion. Required Document(s):

a. Each Indirect Participant must complete the appropriate Death of Designated Participant form.

Note: In Section D of each form, we require complete information as requested on the form in respect of who signature guaranteed the Indirect Participant's signature.

b. Original death certificate of the Deceased or a certified copy of the death certificate with the certification stamps in original form.

c. Certified copy of the national identification document of each Indirect Participant. The ID document may be certified by a notary public or by way of a signature guarantee stamp.

Notes:

• Where the Indirect Participant is a minor (under 18 years old) the Legal Guardian named on the application will complete the Death of Designated Participant form on behalf of the Indirect Participant. The Indirect Participant will be named in Section B, the Legal Guardian's bank information will be stated in Section C (we will pay the benefit to the Legal guardian for the benefit of the Indirect Participant(s)). The Legal Guardian will sign in Section D together with complete Signature Guarantee information as requested on the form in respect of who signature guaranteed the signature.

If no Legal Guardian was named on the application, we require legal documentation regarding the appointment of the Legal Guardian for the Indirect Participant(s). Where the Indirect Participant is a corporation, in addition to the completed Death of Designated Participant form, we require:

• Original Corporate Letter of Authorization re-produced on the corporation letterhead
• List of authorized signatories of the corporation
• Copy of the Memorandum of Association/Articles of Incorporation of the corporation
• List of shareholders of the corporation
• Certificate of Incumbency

Where the Indirect Participant is a Trust, in addition to the completed Death of Designated Participant form, we require:

• Original Verification of Trust form
• Copy of Trust Deed (or part thereof)

In the case where the Indirect Participant has chosen to continue the Agreement, Section B and C of the Death of Designated Participant form must be completed by the Indirect Participant. Section D must be completed by the Indirect Participant together with complete signature guarantee information as requested on the form in respect of who signature guaranteed the signature.

SLB-2831 0721 Exp. 0723