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2026-10-16 2026-10-16 0001080429 ck0001080429:PerformanceMixWithParticipationRateAndCapRateSixYearMember ck0001080429:CombinedSP500ISharesRussell2000ETFAndMSCIEAFEMember ck0001080429:Buffer10PercentageCapRate12PercentageMember 2026-10-16 2026-10-16 0001080429 ck0001080429:Buffer100PercentageParticipateRateMember ck0001080429:PerformanceMixWithParticipationRateAndCapRateSixYearMember ck0001080429:CombinedSP500ISharesRussell2000ETFAndMSCIEAFEMember ck0001080429:Buffer10PercentageCapRate12PercentageMember 2026-10-16 2026-10-16 0001080429 ck0001080429:C000279439Member 2026-10-16 2026-10-16 pure iso4217:USD 2026-10-16 N-4 PACIFIC LIFE INSURANCE COMPANY The registrant hereby amends this registration statement on such date or dates as may be necessary to delay its effective date until the registrant shall file a further amendment which specifically states that this registration statement shall thereafter become effective in accordance with Section 8(a) of the Securities Act of 1933 or until the registration statement shall become effective on such date as the Securities and Exchange Commission, acting pursuant to said Section 8(a), may determine. The ILOs are a type of Interest Crediting Option available under the Contract to which Purchase Payments and transfers may be allocated. We will credit interest (which may be positive, negative, or zero) at the end of each Term to amounts allocated to an ILO Vintage (the “ILO Value”) based, in part, on the performance of a particular Index (or Indexes). You could lose a significant amount of money if the Index of an ILO in which you are invested declines in value. We limit the negative Index Return used in calculating the interest credited to an ILO Vintage at the end of each Term (or to the Annual Period Value at the end of each Annual Period) through the applicable Protection Level of each ILO. There are two types of Protection Levels that we use to limit negative Index Returns: Buffer Rates and Dual Direction Buffer Rates. Each ILO will have only one type of Protection Level. The Protection Level type and rate for each ILO is guaranteed not to change for as long as we offer the ILO. The 1-year S&P 500® with Cap Rate with Participation Rate and 10% Buffer ILO (in addition to the Fixed Account) will always be available under your Contract. In the future, this means that we may not offer ILOs with any other Protection Level other than a 10% Buffer and any other Crediting Strategy other than a Cap Rate with Participation Rate. We do not guarantee a minimum Dual Direction Buffer Rate, and we do not guarantee that we will always offer ILOs with a Dual Direction Buffer. Buffer Rate. The Buffer protects against negative Index Return up to the stated Buffer percentage. Any negative Index Return in excess of the Buffer Rate will result in negative interest being credited to your ILO Value at the end of a Term or to your Annual Period Value at the end of an Annual Period. For example, if the Buffer Rate of the ILO is 10%, and the Index Return is -15%, we will credit your ILO Value with -5% (the amount of the negative Index Return that exceeds the Buffer Rate) at the end of the Term, meaning your ILO Value will decrease by 5%. Using the same example but with a Buffer Rate of 100%, we will credit your ILO Value with 0% because the negative Index Return does not exceed the Buffer Rate. For the Annual Period Crediting Strategy, if the Buffer Rate is 10% and the Index Return is -15% at the end of an Annual Period, we will credit your Annual Period Value with -5% (the amount of the negative Index Return that exceeds the Buffer Rate) at the end of the Annual Period. Dual Direction Buffer Rate. The Dual Direction Buffer protects against negative Index Return up to the stated Dual Direction Buffer percentage. The Dual Direction Buffer is only offered with the Cap Rate with Dual Direction Buffer Crediting Strategy. Any negative Index Return up to and including the Dual Direction Buffer Rate will result in positive interest equal to the absolute value of the Index Return being credited to your ILO Value at the end of the Term. The absolute value of a number is simply the value of a number without regard to it being positive or negative. For example, the absolute value of -10 is 10. Positive interest credited by the Dual Direction Buffer may exceed the Cap Rate. Any negative Index Return in excess of the Dual Direction Buffer Rate will result in negative interest being credited to your ILO Value at the end of a Term in the amount that the negative Index Return exceeds the Dual Direction Buffer Rate. For example, if the Dual Direction Buffer Rate of the ILO is 15%, and the Index Return is -15%, we will credit your ILO Value with 15% (the absolute value of the negative Index Return up to the Dual Direction Buffer Rate) at the end of the Term, meaning your ILO Value will increase by 15%. However, if the Dual Direction Buffer Rate of the ILO is 15%, and the Index Return is -20%, we will credit your ILO Value with -5% (the amount of the negative Index Return that exceeds the Dual Direction Buffer Rate) at the end of the Term, meaning your ILO Value will decrease by 5%. We limit the positive Index Return used in calculating the interest credited to an ILO Vintage at the end of each Term or to the Annual Period Value at the end of each Annual Period through the applicable Crediting Strategy of each ILO. The Contract offers ILOs, as applicable, with the following Crediting Strategies: Cap Rate with Participation Rate, SecureCap, Performance Mix, Cap Rate with Dual Direction Buffer, or Tiered Participation Rate with Cap Rate. Cap Rate with Participation Rate Strategy. The Cap Rate with Participation Rate Crediting Strategy includes both a declared Cap Rate with Participation Rate. The Participation Rate is the percentage of the positive Index Return that will be applied to the Index Return to determine the Index-Linked Option Credit, subject to the Cap Rate, which is the maximum amount of positive Index Return that can be credited to your ILO Value at the end of a Term. You will not benefit from any positive Index Return in excess of the Cap Rate. For example, if the Cap Rate of the ILO is 15%, the Participation Rate is 100%, and the Index Return is 20%, we will credit your ILO Value with 15% (the lesser of (i) the positive Index Return multiplied by the Participation Rate or (ii) the Cap Rate) at the end of the Term, meaning that your ILO Value will increase by 15%. For any Cap Rate strategy ILO, the guaranteed minimum Cap Rate for the life of this Contract is 2% for a 1-year ILO, 4% for a 2-year ILO, 6% for a 3-year ILO, and 12% for a 6-year ILO. The guaranteed minimum Participation Rate for the life of this Contract is 100%. 0.02 0.04 0.06 0.12 Cap Rate with Dual Direction Buffer Strategy. The Cap Rate is the maximum amount of positive Index Return that can be credited to your ILO Value at the end of a Term. You will not benefit from any positive Index Return in excess of the Cap Rate. For example, if the Cap Rate of the ILO is 15% and the Index Return is 20%, we will credit your ILO Value with 15% (the positive Index Return up to the Cap Rate) at the end of the Term, meaning that your ILO Value will increase by 15%. For any Cap Rate strategy ILO, the guaranteed minimum Cap Rate for the life of this Contract is 2% for a 1-year ILO, 4% for a 2-year ILO, 6% for a 3-year ILO, and 12% for a 6-year ILO. 0.02 0.04 0.06 0.12 SecureCap Strategy. The Cap Rate is applied annually at the end of each Annual Period. The Cap Rate is the maximum amount of positive Index Return that can be credited to the Annual Period Value at the end of each Annual Period. However, any gains (or losses) reflected in your Annual Period Value are not locked in or credited to your Investment Base until the Term End Date when the ILO Credit is applied to your Investment Base. The Cap Rate declared on the Term Start Date will apply at the end of each Annual Period during that Term. You will not benefit from any positive Index Return at the end of an Annual Period in excess of the Cap Rate. For example, if the Cap Rate of the ILO is 15%, and the Index Return is 20%, we will credit your Annual Period Value with 15% (the positive Index Return up to the Cap Rate) at the end of the Annual Period, meaning that your Annual Period Value will increase by 15%. For any SecureCap strategy ILO, the guaranteed minimum Cap Rate for the life of this Contract is 2%. 0.02 Performance Mix with Participation Rate and Cap Rate Crediting Strategy (Performance Mix). The Performance Mix strategy measures the performance of a combination of three Indexes: The S&P 500®, the iShares® Russell 2000 ETF, and the MSCI EAFE. The Index Return of the Performance Mix is determined based on the combined weighted average of those stated Indexes: 50% is based on the Index with the highest return, 30% is based on the Index with the next best return, and 20% is based on the Index with the lowest return. The Participation Rate is the percentage of the positive Index Return that will be applied to the Index Return to determine the Index-Linked Option Credit subject to the Cap Rate, which is the maximum amount of positive Index Return that can be credited to your ILO Value at the end of a Term. For the Performance Mix Crediting Strategy, the Minimum Limits on Index Gain for the life of this Contract are 50% for the Index with the highest return, 30% for the Index with the next best return, and 20% for the Index with the lowest return. The Participation Rate is multiplied by the combined Index Return, subject to the Cap Rate, to yield the interest credited to your ILO Value. Both the Cap Rate and the Participation Rate limit the potential positive Index-Linked Option Credit that may be applied at the end of a Term. For example, if the Participation Rate of the ILO is 100% and the Cap Rate is 80%, and the combined Index Return of the three Indexes is 20%, we will credit your ILO Value with 20% (1.00 x 20, or 100% of the Index Return) at the end of the Term, meaning that your ILO Value will increase by 20%. If the combined Index Return of the three Indexes is 85%, we will credit your ILO with 80% at the end of the Term. For another example, assume that the Buffer Rate is 10%, the Participation Rate is 100%, and the Cap Rate is 80%. If, at the end of the Term, the highest performing Index Return is -5%, the second-highest Index Return is -15%, and the third-highest performing Index Return is -40%, we will credit your ILO Value with -5% at the end of the Term. ((-5% Index Return x 50%) + (-15% Index Return x 30%) + (-40% Index Return x 20%)) = -15% which is reduced by the 10% Buffer. This means that your ILO Value will be reduced by -5%. For any Performance Mix strategy ILO, the guaranteed minimum Participation Rate for the life of this Contract is 100% and the guaranteed minimum Cap Rate for the life of this Contract is 12%. 0.20 0.20 0.12 Tiered Participation Rate with Cap Rate Crediting Strategy. The Tiered Participation Rate is a percentage of positive Index Return that will be used in calculating the interest credited to your ILO Value at the end of a Term. The Tiered Participation Rate Crediting Strategy has four components: the Tier One Participation Rate, the Tier Two Participation Rate, the Tier Level and the Cap Rate. Positive Index Return less than or equal to the Tier Level is multiplied by the Tier One Participation Rate. The amount of positive Index Return in excess of the Tier Level is multiplied by the Tier Two Participation Rate. The positive interest credited to your ILO Value is equal to the sum of these two values, subject to the Cap Rate. The Cap Rate is the maximum amount of positive Index Return that can be credited to the Investment Base at the end of a Term. The Participation Rates and the Cap Rate limit the potential positive Index-Linked Option Credit that may be applied at the end of a Term. For any Tiered Participation Rate with Cap Rate strategy ILO, the guaranteed minimum Participation Rate for the life of this Contract is 100% and the guaranteed minimum Cap Rate for the life of this Contract is 12%. For example, assume that the Index Return is 48%, and the Tiered Participation Rate for the ILO includes the following values: Tier 1 Participation Rate — 100%; Tier 2 Participation Rate — 125%; Tier Level — 25% and the Cap Rate is 50%. The percentage portion of positive Index Return is 53.75%. which is the sum of 25% (the Tier One Participation Rate 100% multiplied by the Index Return up to the Tier Level 25%), plus 28.75% (the Tier Two Participation Rate 125% multiplied by the amount of Index Return in excess of the Tier Level 23%). Since the Index Return is greater than or equal to the Cap Rate, we will credit your ILO Value with 50%. 0.12 Interim Value Calculation and Adjustment On any Business Day during the Term after the Term Start Date and before Term End Date, your ILO Value is equal to the Interim Value. Each ILO Vintage will have a separate Interim Value. The Interim Value is the amount in the ILO Vintages that is available for surrenders (including Free Look surrenders), withdrawals (including Required Minimum Distributions (“RMDs”), free withdrawal amounts, pre-authorized withdrawals, and rider charges), annuitization, and death benefit payments that occur between the beginning of the Term (the “Term Start Date”) and the end of the Term (the “Term End Date”). The Interim Value is also the amount available for exercise of the Performance Lock feature. All of these transactions, if taken during the Term, will be based on Interim Value(s) and will trigger an Interim Value Calculation to your ILO Value and a proportional reduction to your principal investment in the ILO Vintage (the “Investment Base”), Annual Period Value, and death benefit (the “Interim Value Adjustment”). The Interim Value Calculation and Adjustment could result in significant losses if amounts are removed from the ILO Vintages before the end of a Term. You will not receive an Index-Linked Option Credit or the protection of the Buffer or Dual Direction Buffer to mitigate any loss. See FEES, CHARGES, AND ADJUSTMENTS and ACCESS TO YOUR MONEY for more information about the Interim Value Calculation and Adjustment. If you intend to take ongoing withdrawals, elect features with ongoing deductions, or exercise Performance Lock for all or a portion of an ILO Vintage, you should consult with a financial professional to discuss any adverse impact of such ongoing withdrawals and deductions and whether this Contract is appropriate for you. The Interim Value Calculation and Adjustment could result in significant losses if amounts are removed from the ILO Vintages before the end of a Term. <table cellpadding="2" style="border-collapse:collapse; border-spacing: 0px;" width="100%"> <tr style="font-size:1pt;"> <td style="width:14.29%;"> </td> <td style="width:67.46%;"> </td> <td style="width:18.25%;"> </td></tr> <tr> <td colspan="2" style=" vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000; border-top:0.5pt; border-top-style:solid; border-top-color:#000000; border-left:0.5pt; border-left-style:solid; border-left-color:#000000; border-right:0.5pt; border-right-style:solid; border-right-color:#000000; font-size:1pt;"> FEES, EXPENSES, AND ADJUSTMENTS</td> <td style="vertical-align:middle; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000; border-top:0.5pt; border-top-style:solid; border-top-color:#000000; border-left:0.5pt; border-left-style:solid; border-left-color:#000000; border-right:0.5pt; border-right-style:solid; border-right-color:#000000;"> LOCATION IN PROSPECTUS</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000; border-top:0.5pt; border-top-style:solid; border-top-color:#000000; border-left:0.5pt; border-left-style:solid; border-left-color:#000000; border-right:0.5pt; border-right-style:solid; border-right-color:#000000;"> Are There Charges or Adjustments for Early Withdrawals?</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000; border-top:0.5pt; border-top-style:solid; border-top-color:#000000; border-left:0.5pt; border-left-style:solid; border-left-color:#000000; border-right:0.5pt; border-right-style:solid; border-right-color:#000000;"> Yes. If you withdraw money from or surrender your Contract within 6 years following the Contract Issue Date, you may be assessed a surrender charge of up to 7% of the amount withdrawn or surrendered in excess of the 10% annual free withdrawal amount. For example, if you surrender your Contract, you could pay a surrender charge of up to $7,000, assuming your Contract Value is $100,000 at the time of the surrender. This loss will be greater if there is a negative Interim Value Calculation and Adjustment, taxes, or tax penalties. If you surrender or withdraw value from the ILO Vintages before the Term End Date, your ILO Value will be subject to an Interim Value Calculation and Adjustment, which may be negative. The Interim Value Calculation and Adjustment could result in loss. In extreme circumstances, such losses could be as high as 100%. For example, if you invest $100,000 in the ILOs available under the Contract, and surrender the entire ILO Value before the end of the Term, you could lose up to $100,000 of your investment. This loss will be greater if the amount withdrawn is also subject to surrender charges, taxes or tax penalties. The following transactions will use Interim Values if taken from the ILO Vintages before the Term End Date: (1) surrenders (including Free Look surrenders), (2) withdrawals (including Required Minimum Distributions (“RMDs”), free withdrawal amounts, pre-authorized withdrawals, and rider charges), (3) death benefit payments, (4) annuitization of the Contract and (5) exercise of the Performance Lock feature.</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000; border-top:0.5pt; border-top-style:solid; border-top-color:#000000; border-left:0.5pt; border-left-style:solid; border-left-color:#000000; border-right:0.5pt; border-right-style:solid; border-right-color:#000000;"> FEE TABLE FEES, CHARGES, AND ADJUSTMENTS PRINCIPAL RISKS OF INVESTING IN THE CONTRACT</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000; border-top:0.5pt; border-top-style:solid; border-top-color:#000000; border-left:0.5pt; border-left-style:solid; border-left-color:#000000; border-right:0.5pt; border-right-style:solid; border-right-color:#000000;"> Are There Transaction Charges?</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000; border-top:0.5pt; border-top-style:solid; border-top-color:#000000; border-left:0.5pt; border-left-style:solid; border-left-color:#000000; border-right:0.5pt; border-right-style:solid; border-right-color:#000000;"> No. There are no transaction charges under this Contract.</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000; border-top:0.5pt; border-top-style:solid; border-top-color:#000000; border-left:0.5pt; border-left-style:solid; border-left-color:#000000; border-right:0.5pt; border-right-style:solid; border-right-color:#000000;"> N/A</td></tr> </table> <table cellpadding="0" style="border-collapse:collapse; border-spacing: 0px;" width="100%"> <tr style="font-size:1pt;"> <td style="width:14.29%;"> </td> <td style="width:30.95%;"> </td> <td style="width:19.05%;"> </td> <td style="width:17.46%;"> </td> <td style="width:18.25%;"> </td></tr> <tr> <td colspan="4" style=" vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000; border-top:0.5pt; border-top-style:solid; border-top-color:#000000; border-left:0.5pt; border-left-style:solid; border-left-color:#000000; border-right:0.5pt; border-right-style:solid; border-right-color:#000000;"> FEES, EXPENSES, AND ADJUSTMENTS</td> <td style="vertical-align:middle; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000; border-top:0.5pt; border-top-style:solid; border-top-color:#000000; border-left:0.5pt; border-left-style:solid; border-left-color:#000000; border-right:0.5pt; border-right-style:solid; border-right-color:#000000;"> LOCATION IN PROSPECTUS</td></tr> <tr> <td style="vertical-align:top; border-top:0.5pt; border-top-style:solid; border-top-color:#000000; border-left:0.5pt; border-left-style:solid; border-left-color:#000000; border-right:0.5pt; border-right-style:solid; border-right-color:#000000;"> Are There Ongoing Fees and Expenses?</td> <td colspan="3" style=" vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000; border-top:0.5pt; border-top-style:solid; border-top-color:#000000; border-left:0.5pt; border-left-style:solid; border-left-color:#000000; border-right:0.5pt; border-right-style:solid; border-right-color:#000000;"> Yes. The table below describes the fees and expenses that you may pay each year, depending on the optional benefits you choose. Please refer to your Contract specifications page for information about the specific fees you will pay each year if you have elected the Return of Purchase Payments (“ROP”) Death Benefit. There is an implicit ongoing fee on the Index-Linked Options (“ILOs”) to the extent that your participation in Index gains is limited by us through the use of the applicable Crediting Strategy of the ILO. This means that your returns may be lower than the Index’s returns. In return for accepting this limit on Index gains, you will receive some protection from Index losses through the ILO Protection Level. This implicit ongoing fee is not reflected in the tables below.</td> <td rowspan="6" style=" vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000; border-top:0.5pt; border-top-style:solid; border-top-color:#000000; border-left:0.5pt; border-left-style:solid; border-left-color:#000000; border-right:0.5pt; border-right-style:solid; border-right-color:#000000;"> FEE TABLE FEES, CHARGES, AND ADJUSTMENTS</td></tr> <tr> <td style="vertical-align:top; border-left:0.5pt; border-left-style:solid; border-left-color:#000000; border-right:0.5pt; border-right-style:solid; border-right-color:#000000; font-size:1pt;"> </td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000; border-top:0.5pt; border-top-style:solid; border-top-color:#000000; border-left:0.5pt; border-left-style:solid; border-left-color:#000000;"> ANNUAL FEES </td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000; border-top:0.5pt; border-top-style:solid; border-top-color:#000000;"> MINIMUM</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000; border-top:0.5pt; border-top-style:solid; border-top-color:#000000; border-right:0.5pt; border-right-style:solid; border-right-color:#000000;"> MAXIMUM</td></tr> <tr> <td style="vertical-align:top; border-left:0.5pt; border-left-style:solid; border-left-color:#000000; border-right:0.5pt; border-right-style:solid; border-right-color:#000000; font-size:1pt;"> </td> <td style="vertical-align:middle; border-bottom:0.25pt; border-bottom-style:solid; border-bottom-color:#000000; border-top:0.5pt; border-top-style:solid; border-top-color:#000000; border-left:0.5pt; border-left-style:solid; border-left-color:#000000;"> Optional benefits available for an additional charge (for a single optional benefit, if elected)</td> <td style="vertical-align:top; border-bottom:0.25pt; border-bottom-style:solid; border-bottom-color:#000000;"> 0.30%(1)</td> <td style="vertical-align:top; border-bottom:0.25pt; border-bottom-style:solid; border-bottom-color:#000000; border-right:0.5pt; border-right-style:solid; border-right-color:#000000;"> 0.30%(1)</td></tr> <tr> <td style="vertical-align:top; border-left:0.5pt; border-left-style:solid; border-left-color:#000000; border-right:0.5pt; border-right-style:solid; border-right-color:#000000; font-size:1pt;"> </td> <td colspan="3" style=" vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000; border-top:0.5pt; border-top-style:solid; border-top-color:#000000; border-left:0.5pt; border-left-style:solid; border-left-color:#000000; border-right:0.5pt; border-right-style:solid; border-right-color:#000000;"> (1) As a percentage of your Contract Value each Contract Anniversary. Because your Contract is customizable, the choices you make affect how much you will pay. To help you understand the cost of owning your Contract, the following table shows the lowest and highest cost you could pay each year, based on current charges. This estimate assumes that you do not take withdrawals from the Contract, which could add surrender charges and negative Contract adjustments that substantially increase costs.</td></tr> <tr> <td style="vertical-align:top; border-left:0.5pt; border-left-style:solid; border-left-color:#000000; border-right:0.5pt; border-right-style:solid; border-right-color:#000000; font-size:1pt;"> </td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000; border-top:0.5pt; border-top-style:solid; border-top-color:#000000; border-left:0.5pt; border-left-style:solid; border-left-color:#000000; border-right:0.5pt; border-right-style:solid; border-right-color:#000000;"> Lowest Annual Cost: $0</td> <td colspan="2" style=" vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000; border-top:0.5pt; border-top-style:solid; border-top-color:#000000; border-left:0.5pt; border-left-style:solid; border-left-color:#000000; border-right:0.5pt; border-right-style:solid; border-right-color:#000000;"> Highest Annual Cost: $295.98</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000; border-left:0.5pt; border-left-style:solid; border-left-color:#000000; border-right:0.5pt; border-right-style:solid; border-right-color:#000000; font-size:1pt;"> </td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000; border-top:0.5pt; border-top-style:solid; border-top-color:#000000; border-left:0.5pt; border-left-style:solid; border-left-color:#000000; border-right:0.5pt; border-right-style:solid; border-right-color:#000000;"> Assumes: ● Investment of $100,000 ● 5% annual appreciation ● No optional benefits ● No sales charges ● No additional purchase payments, transfers, or withdrawals ● 0% Interim Value Calculation and Adjustment</td> <td colspan="2" style=" vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000; border-top:0.5pt; border-top-style:solid; border-top-color:#000000; border-left:0.5pt; border-left-style:solid; border-left-color:#000000; border-right:0.5pt; border-right-style:solid; border-right-color:#000000;"> Assumes: ● Investment of $100,000 ● 5% annual appreciation ● Most expensive combination of optional benefits (ROP Death Benefit) ● No sales charges ● No additional purchase payments, transfers, or withdrawals ● 0% Interim Value Calculation and Adjustment</td></tr> </table> Are There Charges or Adjustments for Early Withdrawals? Yes. If you withdraw money from or surrender your Contract within 6 years following the Contract Issue Date, you may be assessed a surrender charge of up to 7% of the amount withdrawn or surrendered in excess of the 10% annual free withdrawal amount. For example, if you surrender your Contract, you could pay a surrender charge of up to $7,000, assuming your Contract Value is $100,000 at the time of the surrender. This loss will be greater if there is a negative Interim Value Calculation and Adjustment, taxes, or tax penalties. If you surrender or withdraw value from the ILO Vintages before the Term End Date, your ILO Value will be subject to an Interim Value Calculation and Adjustment, which may be negative. The Interim Value Calculation and Adjustment could result in loss. In extreme circumstances, such losses could be as high as 100%. For example, if you invest $100,000 in the ILOs available under the Contract, and surrender the entire ILO Value before the end of the Term, you could lose up to $100,000 of your investment. This loss will be greater if the amount withdrawn is also subject to surrender charges, taxes or tax penalties. The following transactions will use Interim Values if taken from the ILO Vintages before the Term End Date: (1) surrenders (including Free Look surrenders), (2) withdrawals (including Required Minimum Distributions (“RMDs”), free withdrawal amounts, pre-authorized withdrawals, and rider charges), (3) death benefit payments, (4) annuitization of the Contract and (5) exercise of the Performance Lock feature. FEE TABLE FEES, CHARGES, AND ADJUSTMENTS PRINCIPAL RISKS OF INVESTING IN THE CONTRACT 6 0.07 7000 If you surrender or withdraw value from the ILO Vintages before the Term End Date, your ILO Value will be subject to an Interim Value Calculation and Adjustment, which may be negative. The Interim Value Calculation and Adjustment could result in loss. In extreme circumstances, such losses could be as high as 100%. 1 For example, if you invest $100,000 in the ILOs available under the Contract, and surrender the entire ILO Value before the end of the Term, you could lose up to $100,000 of your investment. 100000 This loss will be greater if the amount withdrawn is also subject to surrender charges, taxes or tax penalties. Are There Transaction Charges?No. There are no transaction charges under this Contract.N/A Are There Ongoing Fees and Expenses? Yes. The table below describes the fees and expenses that you may pay each year, depending on the optional benefits you choose. Please refer to your Contract specifications page for information about the specific fees you will pay each year if you have elected the Return of Purchase Payments (“ROP”) Death Benefit. There is an implicit ongoing fee on the Index-Linked Options (“ILOs”) to the extent that your participation in Index gains is limited by us through the use of the applicable Crediting Strategy of the ILO. This means that your returns may be lower than the Index’s returns. In return for accepting this limit on Index gains, you will receive some protection from Index losses through the ILO Protection Level. This implicit ongoing fee is not reflected in the tables below. FEE TABLE FEES, CHARGES, AND ADJUSTMENTS ANNUAL FEES MINIMUMMAXIMUM Optional benefits available for an additional charge (for a single optional benefit, if elected)0.30%(1)0.30%(1) (1) As a percentage of your Contract Value each Contract Anniversary. Because your Contract is customizable, the choices you make affect how much you will pay. To help you understand the cost of owning your Contract, the following table shows the lowest and highest cost you could pay each year, based on current charges. This estimate assumes that you do not take withdrawals from the Contract, which could add surrender charges and negative Contract adjustments that substantially increase costs. Lowest Annual Cost: $0Highest Annual Cost: $295.98 Assumes: ● Investment of $100,000 ● 5% annual appreciation ● No optional benefits ● No sales charges ● No additional purchase payments, transfers, or withdrawals ● 0% Interim Value Calculation and Adjustment Assumes: ● Investment of $100,000 ● 5% annual appreciation ● Most expensive combination of optional benefits (ROP Death Benefit) ● No sales charges ● No additional purchase payments, transfers, or withdrawals ● 0% Interim Value Calculation and Adjustment There is an implicit ongoing fee on the Index-Linked Options (“ILOs”) to the extent that your participation in Index gains is limited by us through the use of the applicable Crediting Strategy of the ILO. This means that your returns may be lower than the Index’s returns. In return for accepting this limit on Index gains, you will receive some protection from Index losses through the ILO Protection Level. This implicit ongoing fee is not reflected in the tables below. This means that your returns may be lower than the Index’s returns. In return for accepting this limit on Index gains, you will receive some protection from Index losses through the ILO Protection Level. This implicit ongoing fee is not reflected in the tables below. 0.003 0.003 As a percentage of your Contract Value each Contract Anniversary. Lowest Annual Cost: $0Highest Annual Cost: $295.98 Assumes: ● Investment of $100,000 ● 5% annual appreciation ● No optional benefits ● No sales charges ● No additional purchase payments, transfers, or withdrawals ● 0% Interim Value Calculation and Adjustment Assumes: ● Investment of $100,000 ● 5% annual appreciation ● Most expensive combination of optional benefits (ROP Death Benefit) ● No sales charges ● No additional purchase payments, transfers, or withdrawals ● 0% Interim Value Calculation and Adjustment 0 295.98 <table cellpadding="2" style="border-collapse:collapse; border-spacing: 0px;" width="100%"> <tr style="font-size:1pt;"> <td style="width:15.08%;"> </td> <td style="width:68.25%;"> </td> <td style="width:16.67%;"> </td></tr> <tr> <td colspan="2" style=" vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000; border-top:0.5pt; border-top-style:solid; border-top-color:#000000; border-left:0.5pt; border-left-style:solid; border-left-color:#000000; border-right:0.5pt; border-right-style:solid; border-right-color:#000000; font-size:1pt;"> RISKS</td> <td style="vertical-align:middle; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000; border-top:0.5pt; border-top-style:solid; border-top-color:#000000; border-left:0.5pt; border-left-style:solid; border-left-color:#000000; border-right:0.5pt; border-right-style:solid; border-right-color:#000000;"> LOCATION IN PROSPECTUS</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000; border-top:0.5pt; border-top-style:solid; border-top-color:#000000; border-left:0.5pt; border-left-style:solid; border-left-color:#000000; border-right:0.5pt; border-right-style:solid; border-right-color:#000000;"> Is There a Risk of Loss from Poor Performance?</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000; border-top:0.5pt; border-top-style:solid; border-top-color:#000000; border-left:0.5pt; border-left-style:solid; border-left-color:#000000; border-right:0.5pt; border-right-style:solid; border-right-color:#000000;"> Yes. You can lose money by investing in the Contract, including 100% loss of principal investment and any previously-credited earnings in the Contract. • If you invest in an ILO with a Buffer (including the Dual Direction Buffer), depending on the Buffer or Dual Direction Buffer Rate of the ILO(s) in which you invest, your potential losses at the end of a Term due to negative Index performance are currently limited to a maximum of 0% to almost 100% of your investment in the ILO for that Term. • Cumulative loss over the life of the Contract could be much greater than the guaranteed maximum loss for any single ILO Term. • The 1-year S&P 500® with Cap Rate with Participation Rate and 10% Buffer ILO, in addition to the Fixed Account Option, will always be available under your Contract. In the future, we may not offer ILOs with any other Protection Level other than a 10% Buffer. We do not guarantee a minimum Dual Direction Buffer Rate, and we do not guarantee that we will always offer ILOs with a Dual Direction </td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000; border-top:0.5pt; border-top-style:solid; border-top-color:#000000; border-left:0.5pt; border-left-style:solid; border-left-color:#000000; border-right:0.5pt; border-right-style:solid; border-right-color:#000000;"> PRINCIPAL RISKS OF INVESTING IN THE CONTRACT INVESTING IN THE CONTRACT</td></tr> </table> <table cellpadding="2" style="border-collapse:collapse; border-spacing: 0px;" width="100%"> <tr style="font-size:1pt;"> <td style="width:15.08%;"> </td> <td style="width:68.25%;"> </td> <td style="width:16.67%;"> </td></tr> <tr> <td colspan="2" style=" vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000; border-top:0.5pt; border-top-style:solid; border-top-color:#000000; border-left:0.5pt; border-left-style:solid; border-left-color:#000000; border-right:0.5pt; border-right-style:solid; border-right-color:#000000; font-size:1pt;"> RISKS</td> <td style="vertical-align:middle; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000; border-top:0.5pt; border-top-style:solid; border-top-color:#000000; border-left:0.5pt; border-left-style:solid; border-left-color:#000000; border-right:0.5pt; border-right-style:solid; border-right-color:#000000;"> LOCATION IN PROSPECTUS</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000; border-top:0.5pt; border-top-style:solid; border-top-color:#000000; border-left:0.5pt; border-left-style:solid; border-left-color:#000000; border-right:0.5pt; border-right-style:solid; border-right-color:#000000; font-size:1pt;"> </td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000; border-top:0.5pt; border-top-style:solid; border-top-color:#000000; border-left:0.5pt; border-left-style:solid; border-left-color:#000000; border-right:0.5pt; border-right-style:solid; border-right-color:#000000;"> Buffer. • In the future, any ILOs we offer (in addition to the 1-year S&P 500® with Cap Rate with Participation Rate and 10% Buffer ILO) will always have some level of downside protection, but we do not guarantee a minimum level.</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000; border-top:0.5pt; border-top-style:solid; border-top-color:#000000; border-left:0.5pt; border-left-style:solid; border-left-color:#000000; border-right:0.5pt; border-right-style:solid; border-right-color:#000000; font-size:1pt;"> </td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000; border-top:0.5pt; border-top-style:solid; border-top-color:#000000; border-left:0.5pt; border-left-style:solid; border-left-color:#000000; border-right:0.5pt; border-right-style:solid; border-right-color:#000000;"> Is this a Short-Term Investment?</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000; border-top:0.5pt; border-top-style:solid; border-top-color:#000000; border-left:0.5pt; border-left-style:solid; border-left-color:#000000; border-right:0.5pt; border-right-style:solid; border-right-color:#000000;"> No. The Contract is not a short-term investment, and is not appropriate for you if you need ready access to cash. The Contract’s tax deferral and long-term income features are generally more beneficial to investors with a long-term investment horizon. • Withdrawals and surrenders from the Contract may be subject to surrender charges, taxes, and tax penalties. Amounts withdrawn or surrendered from the ILO Vintages before the end of a Term may also result in a negative Interim Value Calculation and Adjustment to your ILO Value, and the loss of positive Index performance. • Withdrawals will reduce the death benefit and your Contract Value, perhaps significantly. Transactions that are based on Interim Value will reduce the Interim Value of your investment in the ILO Vintages by the amount of the withdrawal. Additionally, the transaction will reduce your ILO Investment Base in the same proportion that the Interim Value is reduced (rather than on a dollar-for-dollar basis) and will also proportionately reduce the death benefit, and Annual Period Value when applicable. The proportionate reduction in the Investment Base, Annual Period Value, and death benefit may be greater than the dollar amount of the withdrawal. Such reduction will reduce your Investment Base and Annual Period Value for the remainder of the Term, and may significantly reduce any amount credited at the end of the Term. • At the end of each Term, on the Term End Date (which will fall on a Contract Anniversary), your Contract Value will be transferred or reallocated among the available Interest Crediting Options for a new Term, according to your transfer instructions. • If we do not receive transfer instructions from you prior to the close of Business on the Term End Date, we will automatically reallocate or transfer your Contract Value according to the following procedures. Amounts that we automatically reallocate or transfer among the ILOs in the absence of transfer instructions cannot be transferred until the next Term End Date or Contract Anniversary if the amount is invested in the Fixed Account. Any Contract Value in an expiring 1-year, 2-year, 3-year, or 6 year ILO will remain in its current allocation for the next Term, subject to the renewal Crediting Strategy Rates declared for that Term, as long as that ILO remains available for investment. • If that ILO is not available for investment for a Subsequent Term, the Contract Value in that ILO will automatically be transferred to the Fixed Account Option, subject to the renewal Guaranteed Rate.</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000; border-top:0.5pt; border-top-style:solid; border-top-color:#000000; border-left:0.5pt; border-left-style:solid; border-left-color:#000000; border-right:0.5pt; border-right-style:solid; border-right-color:#000000;"> PRINCIPAL RISKS OF INVESTING IN THE CONTRACT TRANSFERS AND REALLOCATIONS FEES, CHARGES, AND ADJUSTMENTS</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000; border-top:0.5pt; border-top-style:solid; border-top-color:#000000; border-left:0.5pt; border-left-style:solid; border-left-color:#000000; border-right:0.5pt; border-right-style:solid; border-right-color:#000000;"> What Are the Risks Associated with the Investment Options?</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000; border-top:0.5pt; border-top-style:solid; border-top-color:#000000; border-left:0.5pt; border-left-style:solid; border-left-color:#000000; border-right:0.5pt; border-right-style:solid; border-right-color:#000000;"> An investment in the Contract is subject to the risk of poor investment performance and can vary depending on the performance of the ILOs available under the Contract that you select. Each investment option, referred to as an “Interest Crediting Option” (including the Fixed Account Option) in this Prospectus, will have its own unique risks. You should review and understand the available Interest Crediting Options before making investment decisions. The applicable Crediting Strategy of each ILO will limit positive Index Returns (e.g., limited upside). This may result in you earning less than the Index Return. For example: • Cap Rate with Participation Rate. If the Cap Rate of the ILO is 15%, the Participation Rate is 100%, and the Index Return is 20% on the Term End Date, we will credit your ILO Value with 15% (the Cap Rate). • SecureCap. If the Cap Rate of the ILO is 15%, and the Index Return is 20% for the </td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000; border-top:0.5pt; border-top-style:solid; border-top-color:#000000; border-left:0.5pt; border-left-style:solid; border-left-color:#000000; border-right:0.5pt; border-right-style:solid; border-right-color:#000000;"> PRINCIPAL RISKS OF INVESTING IN THE CONTRACT INVESTING IN THE CONTRACT</td></tr> </table> <table cellpadding="2" style="border-collapse:collapse; border-spacing: 0px;" width="100%"> <tr style="font-size:1pt;"> <td style="width:15.08%;"> </td> <td style="width:68.25%;"> </td> <td style="width:16.67%;"> </td></tr> <tr> <td colspan="2" style=" vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000; border-top:0.5pt; border-top-style:solid; border-top-color:#000000; border-left:0.5pt; border-left-style:solid; border-left-color:#000000; border-right:0.5pt; border-right-style:solid; border-right-color:#000000; font-size:1pt;"> RISKS</td> <td style="vertical-align:middle; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000; border-top:0.5pt; border-top-style:solid; border-top-color:#000000; border-left:0.5pt; border-left-style:solid; border-left-color:#000000; border-right:0.5pt; border-right-style:solid; border-right-color:#000000;"> LOCATION IN PROSPECTUS</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000; border-top:0.5pt; border-top-style:solid; border-top-color:#000000; border-left:0.5pt; border-left-style:solid; border-left-color:#000000; border-right:0.5pt; border-right-style:solid; border-right-color:#000000; font-size:1pt;"> </td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000; border-top:0.5pt; border-top-style:solid; border-top-color:#000000; border-left:0.5pt; border-left-style:solid; border-left-color:#000000; border-right:0.5pt; border-right-style:solid; border-right-color:#000000;"> Annual Period, we will credit your Annual Period Value with 15% (the Cap Rate). • Performance Mix. If the Participation Rate of the ILO is 100% the Cap Rate is 80%, and the combined Index Return is 75%, we will credit your ILO Value with 75% (0.75 x 100%), which is below the Cap Rate of 80%. If the Participation Rate is 100%, the Cap Rate is 80%, and the combined Index Return is 85%, we will credit your ILO Value with 80% (0.85 x 100% = 85%, which is reduced to the Cap Rate of 80%). • Cap Rate with Dual Direction Buffer. If the Cap Rate of the ILO is 15% and the Index Return is 20% on the Term End Date, we will credit your ILO Value with 15% (the Cap Rate). • Tiered Participation Rate with Cap Rate. If the Tiered Participation Rate for the ILO includes the following values: Tier 1 Participation Rate — 100%; Tier 2 Participation Rate — 125%; Tier Level — 25% with a Cap Rate of 80%; and the Index Return is 60%, we will credit your ILO Value with 68.75% ((1.00 x 25%) + ((60% – 25%) x 1.25)) = 68.75% which is below the Cap Rate of 80%. If the Index Return is 75%, we will credit your ILO Value with 80% ((1.00 x 25%) + ((75% – 25%) x 1.25)) = 87.50% which is reduced to the Cap Rate of 80%. The applicable Protection Level of each ILO (i.e., the Buffer Rate or Dual Direction Buffer Rate) will limit negative Index Returns (e.g., limited or full protection in the case of market decline). For example: • Buffer Rate. If the Buffer Rate of the ILO is 15%, and the Index Return is -20% on the Term End Date, we will credit your ILO Value with -5% (the amount of the negative Index Return that exceeds the Buffer Rate). If the Buffer Rate of the ILO is 100% and the Index Return is -20% on the Term End Date, we will credit your ILO Value with 0% since the negative Index Return does not exceed the Buffer Rate. For the SecureCap strategy, if the Buffer Rate is 10% and the Index Return is -15% at the end of an Annual Period, we will credit the Annual Period Value with -5% (the amount of the negative Index Return that exceeds the Buffer Rate). • Dual-Direction Buffer Rate. If the Dual Direction Buffer Rate of the ILO is 15%, and the Index Return is -15% on the Term End Date, we will credit your ILO Value with 15% (the absolute value of the negative Index Return up to the Dual Direction Buffer Rate). The Dual Direction Buffer is only offered with the Cap Rate with Dual Direction Buffer Crediting Strategy, and the positive interest credited by the Dual Direction Buffer may exceed the Cap Rate. If the Dual Direction Buffer Rate of the ILO is 15%, and the Index Return is -20% on the Term End Date, we will credit your ILO Value with -5% (the amount of the negative Index Return that exceeds the Dual Direction Buffer Rate). Each Index underlying the ILOs is a price return index, not a total return index, and therefore its performance does not reflect any dividends or distributions paid by the Index’s component companies. Additionally, the First Trust Growth Strength Net Fee Index deducts a fee when calculating Index performance. This will reduce the Index Return and will cause the Index to underperform a direct investment in the securities composing the Index.</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000; border-top:0.5pt; border-top-style:solid; border-top-color:#000000; border-left:0.5pt; border-left-style:solid; border-left-color:#000000; border-right:0.5pt; border-right-style:solid; border-right-color:#000000; font-size:1pt;"> </td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000; border-top:0.5pt; border-top-style:solid; border-top-color:#000000; border-left:0.5pt; border-left-style:solid; border-left-color:#000000; border-right:0.5pt; border-right-style:solid; border-right-color:#000000;"> What Are the Risks Related to the Insurance Company?</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000; border-top:0.5pt; border-top-style:solid; border-top-color:#000000; border-left:0.5pt; border-left-style:solid; border-left-color:#000000; border-right:0.5pt; border-right-style:solid; border-right-color:#000000;"> Investment in the Contract is subject to the risks related to Pacific Life. Any obligations (including under the Fixed Account Option and the ILOs), guarantees, or benefits of the Contract are subject to our claims- paying ability and financial strength. Information about Pacific Life, including its applicable financial strength ratings, is available upon request by contacting our Service Center.</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000; border-top:0.5pt; border-top-style:solid; border-top-color:#000000; border-left:0.5pt; border-left-style:solid; border-left-color:#000000; border-right:0.5pt; border-right-style:solid; border-right-color:#000000;"> PRINCIPAL RISKS OF INVESTING IN THE CONTRACT PACIFIC LIFE INSURANCE COMPANY AND THE GENERAL ACCOUNT</td></tr> </table> Is There a Risk of Loss from Poor Performance? Yes. You can lose money by investing in the Contract, including 100% loss of principal investment and any previously-credited earnings in the Contract. • If you invest in an ILO with a Buffer (including the Dual Direction Buffer), depending on the Buffer or Dual Direction Buffer Rate of the ILO(s) in which you invest, your potential losses at the end of a Term due to negative Index performance are currently limited to a maximum of 0% to almost 100% of your investment in the ILO for that Term. • Cumulative loss over the life of the Contract could be much greater than the guaranteed maximum loss for any single ILO Term. • The 1-year S&P 500® with Cap Rate with Participation Rate and 10% Buffer ILO, in addition to the Fixed Account Option, will always be available under your Contract. In the future, we may not offer ILOs with any other Protection Level other than a 10% Buffer. We do not guarantee a minimum Dual Direction Buffer Rate, and we do not guarantee that we will always offer ILOs with a Dual Direction PRINCIPAL RISKS OF INVESTING IN THE CONTRACT INVESTING IN THE CONTRACT Buffer. • In the future, any ILOs we offer (in addition to the 1-year S&P 500® with Cap Rate with Participation Rate and 10% Buffer ILO) will always have some level of downside protection, but we do not guarantee a minimum level. 0 1 In the future, any ILOs we offer (in addition to the 1-year S&P 500® with Cap Rate with Participation Rate and 10% Buffer ILO) will always have some level of downside protection, but we do not guarantee a minimum level. Is this a Short-Term Investment? No. The Contract is not a short-term investment, and is not appropriate for you if you need ready access to cash. The Contract’s tax deferral and long-term income features are generally more beneficial to investors with a long-term investment horizon. • Withdrawals and surrenders from the Contract may be subject to surrender charges, taxes, and tax penalties. Amounts withdrawn or surrendered from the ILO Vintages before the end of a Term may also result in a negative Interim Value Calculation and Adjustment to your ILO Value, and the loss of positive Index performance. • Withdrawals will reduce the death benefit and your Contract Value, perhaps significantly. Transactions that are based on Interim Value will reduce the Interim Value of your investment in the ILO Vintages by the amount of the withdrawal. Additionally, the transaction will reduce your ILO Investment Base in the same proportion that the Interim Value is reduced (rather than on a dollar-for-dollar basis) and will also proportionately reduce the death benefit, and Annual Period Value when applicable. The proportionate reduction in the Investment Base, Annual Period Value, and death benefit may be greater than the dollar amount of the withdrawal. Such reduction will reduce your Investment Base and Annual Period Value for the remainder of the Term, and may significantly reduce any amount credited at the end of the Term. • At the end of each Term, on the Term End Date (which will fall on a Contract Anniversary), your Contract Value will be transferred or reallocated among the available Interest Crediting Options for a new Term, according to your transfer instructions. • If we do not receive transfer instructions from you prior to the close of Business on the Term End Date, we will automatically reallocate or transfer your Contract Value according to the following procedures. Amounts that we automatically reallocate or transfer among the ILOs in the absence of transfer instructions cannot be transferred until the next Term End Date or Contract Anniversary if the amount is invested in the Fixed Account. Any Contract Value in an expiring 1-year, 2-year, 3-year, or 6 year ILO will remain in its current allocation for the next Term, subject to the renewal Crediting Strategy Rates declared for that Term, as long as that ILO remains available for investment. • If that ILO is not available for investment for a Subsequent Term, the Contract Value in that ILO will automatically be transferred to the Fixed Account Option, subject to the renewal Guaranteed Rate. PRINCIPAL RISKS OF INVESTING IN THE CONTRACT TRANSFERS AND REALLOCATIONS FEES, CHARGES, AND ADJUSTMENTS • Withdrawals and surrenders from the Contract may be subject to surrender charges, taxes, and tax penalties. Amounts withdrawn or surrendered from the ILO Vintages before the end of a Term may also result in a negative Interim Value Calculation and Adjustment to your ILO Value, and the loss of positive Index performance. • Withdrawals will reduce the death benefit and your Contract Value, perhaps significantly. Transactions that are based on Interim Value will reduce the Interim Value of your investment in the ILO Vintages by the amount of the withdrawal. Additionally, the transaction will reduce your ILO Investment Base in the same proportion that the Interim Value is reduced (rather than on a dollar-for-dollar basis) and will also proportionately reduce the death benefit, and Annual Period Value when applicable. The proportionate reduction in the Investment Base, Annual Period Value, and death benefit may be greater than the dollar amount of the withdrawal. Such reduction will reduce your Investment Base and Annual Period Value for the remainder of the Term, and may significantly reduce any amount credited at the end of the Term. At the end of each Term, on the Term End Date (which will fall on a Contract Anniversary), your Contract Value will be transferred or reallocated among the available Interest Crediting Options for a new Term, according to your transfer instructions. • If we do not receive transfer instructions from you prior to the close of Business on the Term End Date, we will automatically reallocate or transfer your Contract Value according to the following procedures. Amounts that we automatically reallocate or transfer among the ILOs in the absence of transfer instructions cannot be transferred until the next Term End Date or Contract Anniversary if the amount is invested in the Fixed Account. Any Contract Value in an expiring 1-year, 2-year, 3-year, or 6 year ILO will remain in its current allocation for the next Term, subject to the renewal Crediting Strategy Rates declared for that Term, as long as that ILO remains available for investment. • If that ILO is not available for investment for a Subsequent Term, the Contract Value in that ILO will automatically be transferred to the Fixed Account Option, subject to the renewal Guaranteed Rate. What Are the Risks Associated with the Investment Options? An investment in the Contract is subject to the risk of poor investment performance and can vary depending on the performance of the ILOs available under the Contract that you select. Each investment option, referred to as an “Interest Crediting Option” (including the Fixed Account Option) in this Prospectus, will have its own unique risks. You should review and understand the available Interest Crediting Options before making investment decisions. The applicable Crediting Strategy of each ILO will limit positive Index Returns (e.g., limited upside). This may result in you earning less than the Index Return. For example: • Cap Rate with Participation Rate. If the Cap Rate of the ILO is 15%, the Participation Rate is 100%, and the Index Return is 20% on the Term End Date, we will credit your ILO Value with 15% (the Cap Rate). • SecureCap. If the Cap Rate of the ILO is 15%, and the Index Return is 20% for the PRINCIPAL RISKS OF INVESTING IN THE CONTRACT INVESTING IN THE CONTRACT Annual Period, we will credit your Annual Period Value with 15% (the Cap Rate). • Performance Mix. If the Participation Rate of the ILO is 100% the Cap Rate is 80%, and the combined Index Return is 75%, we will credit your ILO Value with 75% (0.75 x 100%), which is below the Cap Rate of 80%. If the Participation Rate is 100%, the Cap Rate is 80%, and the combined Index Return is 85%, we will credit your ILO Value with 80% (0.85 x 100% = 85%, which is reduced to the Cap Rate of 80%). • Cap Rate with Dual Direction Buffer. If the Cap Rate of the ILO is 15% and the Index Return is 20% on the Term End Date, we will credit your ILO Value with 15% (the Cap Rate). • Tiered Participation Rate with Cap Rate. If the Tiered Participation Rate for the ILO includes the following values: Tier 1 Participation Rate — 100%; Tier 2 Participation Rate — 125%; Tier Level — 25% with a Cap Rate of 80%; and the Index Return is 60%, we will credit your ILO Value with 68.75% ((1.00 x 25%) + ((60% – 25%) x 1.25)) = 68.75% which is below the Cap Rate of 80%. If the Index Return is 75%, we will credit your ILO Value with 80% ((1.00 x 25%) + ((75% – 25%) x 1.25)) = 87.50% which is reduced to the Cap Rate of 80%. The applicable Protection Level of each ILO (i.e., the Buffer Rate or Dual Direction Buffer Rate) will limit negative Index Returns (e.g., limited or full protection in the case of market decline). For example: • Buffer Rate. If the Buffer Rate of the ILO is 15%, and the Index Return is -20% on the Term End Date, we will credit your ILO Value with -5% (the amount of the negative Index Return that exceeds the Buffer Rate). If the Buffer Rate of the ILO is 100% and the Index Return is -20% on the Term End Date, we will credit your ILO Value with 0% since the negative Index Return does not exceed the Buffer Rate. For the SecureCap strategy, if the Buffer Rate is 10% and the Index Return is -15% at the end of an Annual Period, we will credit the Annual Period Value with -5% (the amount of the negative Index Return that exceeds the Buffer Rate). • Dual-Direction Buffer Rate. If the Dual Direction Buffer Rate of the ILO is 15%, and the Index Return is -15% on the Term End Date, we will credit your ILO Value with 15% (the absolute value of the negative Index Return up to the Dual Direction Buffer Rate). The Dual Direction Buffer is only offered with the Cap Rate with Dual Direction Buffer Crediting Strategy, and the positive interest credited by the Dual Direction Buffer may exceed the Cap Rate. If the Dual Direction Buffer Rate of the ILO is 15%, and the Index Return is -20% on the Term End Date, we will credit your ILO Value with -5% (the amount of the negative Index Return that exceeds the Dual Direction Buffer Rate). Each Index underlying the ILOs is a price return index, not a total return index, and therefore its performance does not reflect any dividends or distributions paid by the Index’s component companies. Additionally, the First Trust Growth Strength Net Fee Index deducts a fee when calculating Index performance. This will reduce the Index Return and will cause the Index to underperform a direct investment in the securities composing the Index. The applicable Crediting Strategy of each ILO will limit positive Index Returns (e.g., limited upside). This may result in you earning less than the Index Return. Cap Rate with Participation Rate. If the Cap Rate of the ILO is 15%, the Participation Rate is 100%, and the Index Return is 20% on the Term End Date, we will credit your ILO Value with 15% (the Cap Rate). SecureCap. If the Cap Rate of the ILO is 15%, and the Index Return is 20% for theAnnual Period, we will credit your Annual Period Value with 15% (the Cap Rate). Performance Mix. If the Participation Rate of the ILO is 100% the Cap Rate is 80%, and the combined Index Return is 75%, we will credit your ILO Value with 75% (0.75 x 100%), which is below the Cap Rate of 80%. If the Participation Rate is 100%, the Cap Rate is 80%, and the combined Index Return is 85%, we will credit your ILO Value with 80% (0.85 x 100% = 85%, which is reduced to the Cap Rate of 80%). Cap Rate with Dual Direction Buffer. If the Cap Rate of the ILO is 15% and the Index Return is 20% on the Term End Date, we will credit your ILO Value with 15% (the Cap Rate). Tiered Participation Rate with Cap Rate. If the Tiered Participation Rate for the ILO includes the following values: Tier 1 Participation Rate — 100%; Tier 2 Participation Rate — 125%; Tier Level — 25% with a Cap Rate of 80%; and the Index Return is 60%, we will credit your ILO Value with 68.75% ((1.00 x 25%) + ((60% – 25%) x 1.25)) = 68.75% which is below the Cap Rate of 80%. If the Index Return is 75%, we will credit your ILO Value with 80% ((1.00 x 25%) + ((75% – 25%) x 1.25)) = 87.50% which is reduced to the Cap Rate of 80%. The applicable Protection Level of each ILO (i.e., the Buffer Rate or Dual Direction Buffer Rate) will limit negative Index Returns (e.g., limited or full protection in the case of market decline). Buffer Rate. If the Buffer Rate of the ILO is 15%, and the Index Return is -20% on the Term End Date, we will credit your ILO Value with -5% (the amount of the negative Index Return that exceeds the Buffer Rate). If the Buffer Rate of the ILO is 100% and the Index Return is -20% on the Term End Date, we will credit your ILO Value with 0% since the negative Index Return does not exceed the Buffer Rate. For the SecureCap strategy, if the Buffer Rate is 10% and the Index Return is -15% at the end of an Annual Period, we will credit the Annual Period Value with -5% (the amount of the negative Index Return that exceeds the Buffer Rate). Dual-Direction Buffer Rate. If the Dual Direction Buffer Rate of the ILO is 15%, and the Index Return is -15% on the Term End Date, we will credit your ILO Value with 15% (the absolute value of the negative Index Return up to the Dual Direction Buffer Rate). The Dual Direction Buffer is only offered with the Cap Rate with Dual Direction Buffer Crediting Strategy, and the positive interest credited by the Dual Direction Buffer may exceed the Cap Rate.If the Dual Direction Buffer Rate of the ILO is 15%, and the Index Return is -20% on the Term End Date, we will credit your ILO Value with -5% (the amount of the negative Index Return that exceeds the Dual Direction Buffer Rate). Each Index underlying the ILOs is a price return index, not a total return index, and therefore its performance does not reflect any dividends or distributions paid by the Index’s component companies. Additionally, the First Trust Growth Strength Net Fee Index deducts a fee when calculating Index performance. This will reduce the Index Return and will cause the Index to underperform a direct investment in the securities composing the Index. What Are the Risks Related to the Insurance Company?Investment in the Contract is subject to the risks related to Pacific Life. Any obligations (including under the Fixed Account Option and the ILOs), guarantees, or benefits of the Contract are subject to our claims- paying ability and financial strength. Information about Pacific Life, including its applicable financial strength ratings, is available upon request by contacting our Service Center. PRINCIPAL RISKS OF INVESTING IN THE CONTRACT PACIFIC LIFE INSURANCE COMPANY AND THE GENERAL ACCOUNT Are There Restrictions on the Investment Options? Yes. • Purchase Payments. ◦ Additional Purchase Payments after the initial Purchase Payment are not permitted, except for transfers from other financial products requested at the time the investor’s Contract application is submitted and transferred within 60 days after the Contract Issue Date (“Subsequent Purchase Payments”). ◦ Your initial Purchase Payment and any Subsequent Purchase Payments, in the aggregate, must be at least $25,000 in the aggregate for qualified and non-qualified Contracts. • Transfers and Reallocations. ◦ Transfers and reallocations to and from the ILO Vintages are only permitted on Term Start Dates and Term End Dates (which will fall on a Contract Anniversary). If you exercise the Performance Lock feature, you may transfer ILO Value from the locked ILO Vintage on the next Contract Anniversary, or sooner with Pre-Anniversary Transfer. ◦ Under the Pre-Anniversary Transfer option of Performance Lock, the Performance Lock Value must be reallocated in full and may not be reallocated to any ILO with a Performance Mix, SecureCap Crediting Strategy, or to the Fixed Account Option. ◦ Transfers to and from the Fixed Account are only permitted on Contract Anniversaries. ◦ If you do not want to remain invested in the Fixed Account Option until the next Contract Anniversary, or in an ILO Vintage until the end of the Term, your only options will be to take a withdrawal from the Fixed Account Option or ILO Vintage or surrender the Contract, or exercise the Performance Lock feature and transfer your ILO Value on the next Contract Anniversary, or sooner with Pre-Anniversary Transfer. All of these options will be based on the Interim Values of the ILOs, and withdrawals and surrenders may be subject to surrender charges, taxes, and tax penalties. • Availability of ILOs under your Contract. ◦ Certain ILOs and Indexes described in this Prospectus may not be available depending on the broker-dealer through which your Contract is sold. • Our Rights to Change the ILOs and Indexes Offered Under the Contract. ◦ We reserve the right to add or remove an ILO or Index, subject to applicable regulatory approvals. We may stop offering an ILO for investment at the end of a Term to new and existing Contracts. ◦ We may remove or replace an Index if it is discontinued, if the calculation of the Index is substantially changed by the Index provider, if Index values should become unavailable for any reason, if hedging instruments become difficult to acquire or the cost of hedging becomes excessive, or if its investment objectives, strategies, or risks substantially change. If we substitute an Index, we will select a new Index that we determine in our judgment is comparable to the original Index, however, the performance of the new Index may not be satisfactory to you. ◦ We may change the Crediting Strategy rates of the ILOs available under the Contract, subject to the stated Minimum Limits on Index Gain or maximum rates. Crediting Strategy rates will not change during a Term. Protection Level rates for the currently-offered ILOs will not change for the PRINCIPAL RISKS OF INVESTING IN THE CONTRACT PURCHASING THE CONTRACT TRANSFERS AND REALLOCATIONS APPENDIX A: INTEREST CREDITING OPTIONS AVAILABLE UNDER THE CONTRACT APPENDIX E: FINANCIAL INTERMEDIARY VARIATIONS life of the ILO. ◦ There is no guarantee that a particular ILO will be available during the entire time that you own your Contract. We reserve the right to stop offering all except for one ILO, in addition to the Fixed Account. The 1-year S&P 500® with Cap Rate with Participation Rate and 10% Buffer ILO will always be available under your Contract. The Minimum Limit on Index Gain for the Cap Rate with Participation Rate strategy for this ILO is 2% for the life of this Contract, and the guaranteed minimum Participation Rate is 100% for the life of this Contract. In the future, this means that we may not offer ILOs with any other Protection Level other than a 10% Buffer and any other Crediting Strategy other than a Cap Rate with Participation Rate. We do not guarantee a minimum Dual Direction Buffer Rate, and we do not guarantee that we will always offer ILOs with a Dual Direction Buffer. ◦ If we stop offering all but one ILO (the 1-year S&P 500® with Cap Rate with Participation Rate and 10% Buffer ILO), you will be limited to investing in only one ILO and the Fixed Account Option. The terms and features of that ILO may not meet your investment objectives or be suitable for your financial goals, and this Contract may not be appropriate for you if you intend to invest solely in ILOs with a Dual Direction Buffer. ◦ In the future, any ILOs we offer (in addition to the 1-year S&P 500® with Cap Rate with Participation Rate and 10% Buffer ILO) will always have some level of downside protection, but we do not guarantee a minimum level. ◦ If, in the future, you are not satisfied with the available ILOs, you may choose to withdraw your ILO Value or surrender your Contract, but you may be subject to surrender charges, taxes, and tax penalties, and an Interim Value Calculation and Adjustment if the surrender or withdrawal is made before the end of a Term. Are There Any Restrictions on Contract Benefits? Yes. Except as otherwise provided, Contract benefits may not be modified or terminated by us. • Death Benefit ◦ Withdrawals will reduce the standard death benefit, and the reduction may be greater than the amount withdrawn. ◦ The ROP Death Benefit Rider is only available for purchase at the time of Contract application, and once elected, the Rider may not be voluntarily terminated. ◦ Withdrawals may affect the availability of the benefit, perhaps significantly, and/or could terminate the benefit. ◦ The ROP Death Benefit fee is an ongoing deduction that can result in adverse impacts to your Contract values. For example, if you elect an ILO with a 6-year Term, the deduction of the annual ROP Death Benefit fee on the Contract Anniversary will result in an Interim Value Calculation and Adjustment (including an Adjustment to the Annual Period Value) each time the fee is deducted on an Anniversary other than the Term End Date and could result in a loss. ◦ We may stop offering the optional ROP Death Benefit Rider to new Contract Owners at any time. The ROP Death Benefit Rider may not be available through your financial professional. You may obtain information about the optional benefits that are available to you by contacting your financial professional. • Performance Lock ◦ If you exercise the Performance Lock feature, you will “lock-in” the Interim Value for all or a portion of the ILO Vintage. The Interim Value may be less than the potential ILO Value you would receive at the end of the Term had the feature not been exercised. The Crediting Strategy or Protection Level will not be applied. ◦ If you exercise the Performance Lock feature of the SecureCap ILOs, you will “lock-in” the Interim Value for all or a portion of the ILO Vintage. The Performance Lock feature does not lock-in the Annual Period Value, and any gains or losses reflected in your Annual Period Value are not credited to your Investment Base until the Term End Date when the ILO Credit is applied. ◦ Performance Lock may not be exercised on the Term Start Date or the Term End Date. ◦ The request to manually exercise the Performance Lock feature must be received by us before close of Business in order to lock-in that day’s ending Interim Value. With AutoLock, you may also exercise the Performance Lock feature automatically by providing instructions to exercise based on predetermined targets you set. AutoLock is not currently available. Manual Performance Lock remains available. ◦ The maximum number of ILO Vintages that may be locked (partial or full) each Contract Year is 25. ◦ You may lock in your entire value or a portion of the value in the ILO Vintage when exercising Performance Lock. The minimum amount you may lock in is 20% of the value. A partial lock of the value will result in a proportionate reduction to the Investment Base remaining in the original ILO Vintage. ◦ Exercising Performance Lock is irrevocable and may only be cancelled if we receive the request to cancel before close of Business on the same Business Day that the request to exercise the feature is received. ◦ You will not be able to determine in advance the Interim Value that will be locked-in prior to a manual Performance Lock request or that your ILO Vintage reached its Performance Lock Target Percentage for an AutoLock. FEES, CHARGES, AND ADJUSTMENTS PRINCIPAL RISKS OF INVESTING IN THE CONTRACT BENEFITS AVAILABLE UNDER THE CONTRACT INVESTING IN THE CONTRACT – Performance Lock DEATH BENEFIT APPENDIX F: FINANCIAL INTERMEDIARY VARIATIONS ◦ Once Performance Lock is exercised, the locked-in amount cannot be transferred to a new ILO, the Fixed Account or begin a new Term in the same ILO, until the next Contract Anniversary. ◦ Unless you exercise Pre-Anniversary Transfer, the locked-in value will be credited with the Performance Lock Rate, which could be as little as 0.05%. ◦ Once Performance Lock is exercised, you may elect Pre-Anniversary Transfer to reallocate the full locked-in value to an allowable ILO prior to Contract Anniversary. You may not reallocate to a Performance Mix or SecureCap Crediting Strategy or to the Fixed Account. • Availability of Contract Benefits and Features ◦ Certain Contract features and benefits described in this Prospectus may vary or may not be available depending on the broker-dealer through which your Contract is sold. ◦ We may discontinue, suspend, or otherwise limit the availability of the Performance Lock feature, AutoLock, and/or the Pre-Anniversary Transfer option at any time. What Are the Contract’s Tax Implications?You should consult with a tax professional to determine the tax implications of an investment in, withdrawals from, and Purchase Payments received under the Contract. There is no additional tax benefit if you purchase the Contract through a tax-qualified plan or IRA. Withdrawals and surrenders will be subject to ordinary income tax, and may be subject to tax penalties if you withdraw money before age 591∕2.FEDERAL TAX ISSUES How Are Investment Professionals Compensated?Your financial professional may receive compensation for selling the Contract to you in the form of commissions and non-cash compensation. This compensation may influence your financial professional to offer or recommend the Contract over another investment.DISTRIBUTION ARRANGEMENTS Should I Exchange My Contract?Some financial professionals may have a financial incentive to offer you a new Contract in place of the one you own. You should only exchange your existing Contract if you determine, after comparing the features, fees, and risks of both contracts, and any fees or penalties to terminate the existing contact, that it is preferable for you to purchase the new Contract rather than continue to own your existing contract. Call your financial professional or call us at (800) 722-4448 if you are interested in this option.ADDITIONAL INFORMATION — REPLACEMENT OF LIFE INSURANCE OR ANNUITIES ADDITIONAL INFORMATION ABOUT FEES The following tables describe the fees, expenses, and adjustments that you will pay when buying, owning, and surrendering or making withdrawals from an Interest Crediting Option or from the Contract. Please refer to your Contract specifications page for information about the specific fees you will pay each year based on the options you have elected. The first table describes the fees and expenses that you will pay at the time that you surrender or make withdrawals from an Interest Crediting Option or from the Contract. State premium taxes may also be deducted. TRANSACTION EXPENSES Maximum Surrender Charge(1) (as a percentage of the amount surrendered or withdrawn) . . . . . . .. . . . . . . . .. . . . . . . . . . . . . . . . . . . . .7% (1) The surrender charge applies to withdrawals and surrenders in excess of the annual 10% free withdrawal amount during the first 6 Contract Years. Withdrawals and surrenders that are not subject to a surrender charge may still be subject to an Interim Value Calculation and Adjustment if withdrawn from the ILO Vintages during a Term, taxes, and tax penalties. See FEES, CHARGES, AND ADJUSTMENTS for a list of withdrawals and surrenders that will not be subject to a surrender charge. The surrender charge declines to zero over the surrender charge period according to the following schedule: <table cellpadding="0" style="border-collapse:collapse; border-spacing: 0px;" width="100%"> <tr style="font-size:1pt;"> <td style="width:15.84%;"> </td> <td style="width:72.88%;"> </td> <td style="width:11.28%;"> </td></tr> <tr> <td style="vertical-align:top;"> Contract Year</td> <td style="vertical-align:top; font-size:1pt;"> </td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000;"> Surrender Charge Percentage</td></tr> <tr> <td style="vertical-align:top;"> Contract Year 1</td> <td style="vertical-align:top;"> . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . </td> <td style="vertical-align:top; border-top:0.5pt; border-top-style:solid; border-top-color:#000000;"> 7%</td></tr> <tr> <td style="vertical-align:top;"> Contract Year 2</td> <td style="vertical-align:top;"> . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . </td> <td style="vertical-align:top;"> 7%</td></tr> <tr> <td style="vertical-align:top;"> Contract Year 3</td> <td style="vertical-align:top;"> . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . </td> <td style="vertical-align:top;"> 6%</td></tr> <tr> <td style="vertical-align:top;"> Contract Year 4</td> <td style="vertical-align:top;"> . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . </td> <td style="vertical-align:top;"> 5%</td></tr> <tr> <td style="vertical-align:top;"> Contract Year 5</td> <td style="vertical-align:top;"> . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . </td> <td style="vertical-align:top;"> 4%</td></tr> <tr> <td style="vertical-align:top;"> Contract Year 6</td> <td style="vertical-align:top;"> . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . </td> <td style="vertical-align:top;"> 3%</td></tr> <tr> <td style="vertical-align:top;"> Contract Year 7+ </td> <td style="vertical-align:top;"> . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . </td> <td style="vertical-align:top;"> 0%</td></tr> </table> The next table describes the adjustments, in addition to any transaction expenses, that apply if all or a portion of the Contract Value is removed from an Interest Crediting Option or from the Contract before the expiration of a specified period. ADJUSTMENTS Interim Value Calculation and Adjustment Maximum Potential Loss(1) (as a percentage of your investment in the ILO Vintage) 100% (1) An Interim Value Calculation and Adjustment will apply to your ILO Value upon any surrender (including Free Look surrenders), withdrawal (including RMDs, free withdrawal amounts, pre-authorized withdrawals, and rider charges), Performance Lock, death benefit payment, and annuitization of the Contact if value is taken from the ILO Vintage before the Term End Date. See FEES, CHARGES, AND ADJUSTMENTS for more information. The maximum loss would occur under extreme circumstances upon a withdrawal or surrender. The next table describes the fees and expenses that you will pay each year during the time that you own the Contract. If you choose to purchase an optional benefit, you will pay additional charges, as shown below. ANNUAL CONTRACT EXPENSES Optional Benefit Expenses <table cellpadding="0" style="border-collapse:collapse; border-spacing: 0px;" width="100%"> <tr style="font-size:1pt;"> <td style="width:14.41%;"> </td> <td style="width:76.27%;"> </td> <td style="width:9.32%;"> </td></tr> <tr> <td style="vertical-align:top;"> Optional Benefit</td> <td style="vertical-align:top; font-size:1pt;"> </td> <td style="vertical-align:top;"> Maximum Charge</td></tr> <tr> <td colspan="2" style=" vertical-align:top;"> Return of Purchase Payments Death Benefit Rider. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . </td> <td style="vertical-align:top;"> 1.50%(1)</td></tr> </table> (1) As a percentage of your Contract Value deducted each Contract Anniversary. In addition to the fees described above, we limit the amount you can earn on the ILOs. This means your returns may be lower than the Index’s returns. In return for accepting this limit on Index gains, you will receive some protection from Index losses. TRANSACTION EXPENSES Maximum Surrender Charge(1) (as a percentage of the amount surrendered or withdrawn) . . . . . . .. . . . . . . . .. . . . . . . . . . . . . . . . . . . . .7% (1) The surrender charge applies to withdrawals and surrenders in excess of the annual 10% free withdrawal amount during the first 6 Contract Years. Withdrawals and surrenders that are not subject to a surrender charge may still be subject to an Interim Value Calculation and Adjustment if withdrawn from the ILO Vintages during a Term, taxes, and tax penalties. See FEES, CHARGES, AND ADJUSTMENTS for a list of withdrawals and surrenders that will not be subject to a surrender charge. The surrender charge declines to zero over the surrender charge period according to the following schedule: <table cellpadding="0" style="border-collapse:collapse; border-spacing: 0px;" width="100%"> <tr style="font-size:1pt;"> <td style="width:15.84%;"> </td> <td style="width:72.88%;"> </td> <td style="width:11.28%;"> </td></tr> <tr> <td style="vertical-align:top;"> Contract Year</td> <td style="vertical-align:top; font-size:1pt;"> </td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000;"> Surrender Charge Percentage</td></tr> <tr> <td style="vertical-align:top;"> Contract Year 1</td> <td style="vertical-align:top;"> . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . </td> <td style="vertical-align:top; border-top:0.5pt; border-top-style:solid; border-top-color:#000000;"> 7%</td></tr> <tr> <td style="vertical-align:top;"> Contract Year 2</td> <td style="vertical-align:top;"> . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . </td> <td style="vertical-align:top;"> 7%</td></tr> <tr> <td style="vertical-align:top;"> Contract Year 3</td> <td style="vertical-align:top;"> . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . </td> <td style="vertical-align:top;"> 6%</td></tr> <tr> <td style="vertical-align:top;"> Contract Year 4</td> <td style="vertical-align:top;"> . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . </td> <td style="vertical-align:top;"> 5%</td></tr> <tr> <td style="vertical-align:top;"> Contract Year 5</td> <td style="vertical-align:top;"> . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . </td> <td style="vertical-align:top;"> 4%</td></tr> <tr> <td style="vertical-align:top;"> Contract Year 6</td> <td style="vertical-align:top;"> . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . </td> <td style="vertical-align:top;"> 3%</td></tr> <tr> <td style="vertical-align:top;"> Contract Year 7+ </td> <td style="vertical-align:top;"> . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . </td> <td style="vertical-align:top;"> 0%</td></tr> </table> 0.07 0.07 0.07 0.06 0.05 0.04 0.03 0 The next table describes the adjustments, in addition to any transaction expenses, that apply if all or a portion of the Contract Value is removed from an Interest Crediting Option or from the Contract before the expiration of a specified period. ADJUSTMENTS Interim Value Calculation and Adjustment Maximum Potential Loss(1) (as a percentage of your investment in the ILO Vintage) 100% (1) An Interim Value Calculation and Adjustment will apply to your ILO Value upon any surrender (including Free Look surrenders), withdrawal (including RMDs, free withdrawal amounts, pre-authorized withdrawals, and rider charges), Performance Lock, death benefit payment, and annuitization of the Contact if value is taken from the ILO Vintage before the Term End Date. See FEES, CHARGES, AND ADJUSTMENTS for more information. The maximum loss would occur under extreme circumstances upon a withdrawal or surrender. ADJUSTMENTS Interim Value Calculation and Adjustment Maximum Potential Loss(1) (as a percentage of your investment in the ILO Vintage) 100% (1) An Interim Value Calculation and Adjustment will apply to your ILO Value upon any surrender (including Free Look surrenders), withdrawal (including RMDs, free withdrawal amounts, pre-authorized withdrawals, and rider charges), Performance Lock, death benefit payment, and annuitization of the Contact if value is taken from the ILO Vintage before the Term End Date. See FEES, CHARGES, AND ADJUSTMENTS for more information. The maximum loss would occur under extreme circumstances upon a withdrawal or surrender. 1 ANNUAL CONTRACT EXPENSES Optional Benefit Expenses <table cellpadding="0" style="border-collapse:collapse; border-spacing: 0px;" width="100%"> <tr style="font-size:1pt;"> <td style="width:14.41%;"> </td> <td style="width:76.27%;"> </td> <td style="width:9.32%;"> </td></tr> <tr> <td style="vertical-align:top;"> Optional Benefit</td> <td style="vertical-align:top; font-size:1pt;"> </td> <td style="vertical-align:top;"> Maximum Charge</td></tr> <tr> <td colspan="2" style=" vertical-align:top;"> Return of Purchase Payments Death Benefit Rider. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . </td> <td style="vertical-align:top;"> 1.50%(1)</td></tr> </table> (1) As a percentage of your Contract Value deducted each Contract Anniversary. 0.015 In addition to the fees described above, we limit the amount you can earn on the ILOs. This means your returns may be lower than the Index’s returns. In return for accepting this limit on Index gains, you will receive some protection from Index losses. PRINCIPAL RISKS OF INVESTING IN THE CONTRACT An investment in the Contract involves certain risks that you should consider carefully before purchasing the Contract. RISK OF LOSS This Contract is unsuitable as a short-term savings vehicle. You can lose money by investing in this Contract, including loss of a substantial portion or all of your principal investment and any previously-credited earnings in the Contract despite the Protection Levels. Additionally, positive interest credited to your ILO Value will be limited to the extent the Index Return exceeds the Cap Rate, or SecureCap Rate, as applicable. Each Interest Crediting Option, including the Fixed Account Option, has its own unique risks. You should review and understand the Interest Crediting Options before making an investment decision. You may experience significant negative returns under the Contract due to the poor investment performance of the ILOs you select (even with downside protection offered by the Protection Levels), the timing of any transactions you request, such as withdrawals and transfers, and any fees and adjustments associated with those transactions. The Contract is not a deposit or obligation of, or guaranteed or endorsed by any bank. It is not federally insured by the Federal Deposit Insurance Corporation (FDIC), the Federal Reserve Board, or any other government agency. The Protection Level of each ILO may limit the amount of negative Index Return used in calculating the interest credited to your ILO Value at the end of each Term or applied to your Annual Period Value at the end of an Annual Period (if applicable). You can still incur losses even with the application of a Protection Level unless you elect an ILO with a Buffer Protection Level of 100%. There are two types of Protection Levels that we use to limit negative Index Returns: Buffer Rates and Dual Direction Buffer Rates. If you invest in an ILO with a Buffer (including the Dual Direction Buffer), depending on the Buffer or Dual Direction Buffer rate of the ILO(s) in which you invest, your potential losses at the end of a Term due to negative Index performance are currently limited to a maximum of 0% to almost 100% of your investment in the ILO for that Term. Cumulative loss over the life of the Contract could be much greater than the maximum loss for any single ILO Term. The 1-year S&P 500® with Cap Rate with Participation Rate and 10% Buffer ILO, and the Fixed Account Option, will always be available under your Contract. In the future, we may not offer ILOs with any other Protection Level other than a 10% Buffer. We do not guarantee a minimum Dual Direction Buffer Rate, and we do not guarantee that we will always offer ILOs with a Dual Direction Buffer. In the future, any ILOs we offer (in addition to the 1-year S&P 500® with Cap Rate with Participation Rate and 10% Buffer ILO) will always have some level of downside protection, but we do not guarantee a minimum level. If you take a surrender or withdraw money from an ILO Vintage during a Term (including full surrenders, Free Look surrenders, RMDs, free withdrawal amounts, pre-authorized withdrawals, and rider charges), a death benefit is paid, or you annuitize the Contract before the Term End Date, the ILO Value available for the transaction will be your Interim Value. The Protection Level does not protect the Interim Value from negative Index performance during the Term. The Interim Value calculated may result in a loss even if the Index is performing positively at the time of the transaction, and may be less than the amount you would receive had you held the investment until the end of the Term after the application of the Protection Level. The Interim Value Calculation and Adjustment could result in the loss of principal and previously-credited earnings in the Contract, and in extreme circumstances, such losses could be as high as 100%. The Protection Levels also do not limit losses from surrender charges, taxes, and tax penalties, which could result in greater loss of principal or previously credited earnings in the Contract even if investment performance has been positive. Any potential for gain should be carefully weighed against the risk of loss. LIQUIDITY RISK This Contract is unsuitable as a short-term savings vehicle. This Contract may be appropriate for you if you have a long-term investment horizon and are looking to supplement your retirement income or you want to meet other long-term financial objectives. The Contract is not designed to be a short-term investment and may be inappropriate for you if you intend to take frequent withdrawals prior to annuitization, withdrawals during the 6-year surrender charge period, or withdrawals from the ILOs before the end of a Term. Before you annuitize, you can withdraw money from or surrender your Contract at any time, however, withdrawals or surrenders taken during the surrender charge period may be subject to a surrender charge. Withdrawals and surrenders may also be subject to an Interim Value Calculation and Adjustment if taken from the ILO Vintages before the end of a Term, taxes, and tax penalties. A negative Interim Value Calculation and Adjustment could result in the loss of your principal investment and previously credited earnings in the Contact, and in extreme circumstances, such losses could be as high as 100% of the ILO Value. See FEES, CHARGES, AND ADJUSTMENTS and ACCESS TO YOUR MONEY. Please note that the Contract permits ongoing withdrawals and deductions from the ILOs prior to the Term End Date, such as rider charges, systematic withdrawals, and/or required minimum distributions. These withdrawals and deductions may have an adverse effect on the values and benefits under your Contract. If you intend to make such ongoing withdrawals or elect such deductions, you should consult with a financial professional about whether this Contract is appropriate for you. TRANSFER AND REALLOCATION LIMITATIONS Transfers to and from the ILOs and reallocations into the same ILO for a new Term are only permitted on Term Start Dates and Term End Dates (which will fall on a Contract Anniversary), unless you exercise the Performance Lock feature and elect Pre-Anniversary Transfer. Transfers to and from the Fixed Account are permitted every Contract Anniversary. Transfer instructions can be requested, changed or cancelled any time prior to close of the Business Day on Term End Date. These transfer restrictions significantly limit your ability to reallocate your Contract Value in response to changes in market conditions, Interest Crediting Option performance, or personal needs. If we do not receive transfer instructions from you prior to the close of Business on the Term End Date, we will automatically reallocate or transfer your Contract Value. Any Contract Value in an expiring ILO Term will remain in its current allocation for the next Term, subject to the renewal Crediting Strategy Rates declared for that Term, as long as that ILO remains available for investment. If the expiring ILO is not available for investment for a Subsequent Term, the Contract Value in that ILO will automatically be transferred to the Fixed Account Option, subject to the renewal Guaranteed Rate. Amounts that we automatically reallocate or transfer in the absence of transfer instructions cannot be transferred until the next Contract Anniversary, or Term End Date, which will fall on a Contract Anniversary (unless the Performance Lock is exercised and Pre-Anniversary Transfer instructions are provided). This will occur even if the Crediting Strategy rate or Index associated with the new ILO Term has changed, in which case the new ILO Term may not be satisfactory to you. If you fail to transfer ILO Value at the end of a Term and do not wish to remain invested in a particular ILO for another Term, your only alternative will be to surrender or withdraw the related ILO Value or exercise the Performance Lock and provide Pre-Anniversary Transfer instructions. Surrendering all or withdrawing a portion of your Contract Value may cause you to incur surrender charges, taxes, and tax penalties. If you surrender or withdraw the ILO Value during the Term, the amount available for surrender or withdrawal will be your Interim Value. The Interim Value calculated could be less than your investment in the ILO Vintage even if the Index is performing positively, and may be less than the amount you would receive had you held the investment until the end of the Term after the application of the Protection Level. This means that there could be significantly less money available under your Contract for a surrender or withdrawal during the Term. WITHDRAWAL AND SURRENDER RISK All withdrawals (including RMDs, preauthorized withdrawals, and rider charges) will reduce your Contract Value and the death benefit, and withdrawals and surrenders may be subject to a negative adjustment based on the Interim Value Calculation, surrender charge, taxes, and tax penalties. See FEES, CHARGES, AND ADJUSTMENTS for a list of withdrawals and surrenders that will not be subject to a surrender charge. Withdrawals and surrenders from the ILO Vintages at the end of a Term will reduce the Investment Base and death benefit by the amount requested. Any applicable negative adjustment, surrender charge, taxes, and tax penalties will subsequently be deducted from the amount you receive from a withdrawal or surrender. Withdrawals and surrenders from the ILO Vintages between the Term Start Date and the Term End Date will trigger an Interim Value Calculation to your ILO Value, and will reduce the Interim Value of your investment in the ILO Vintages by the amount requested. Additionally, the transaction will reduce your ILO Investment Base in the same proportion that the Interim Value is reduced (rather than on a dollar-for-dollar basis) and will also proportionately reduce the Annual Period Value (if applicable) and death benefit (the Interim Value Adjustment). The Interim Value Adjustment may be greater than the dollar amount of the withdrawal, and will reduce the Investment Base and Annual Period Value for the remainder of the Term. See “INTERIM VALUE CALCULATION AND ADJUSTMENT RISK” below for more information. Amounts withdrawn or surrendered will not receive an ILO Credit, which is the dollar amount of interest added to or subtracted from your ILO Investment Base at the end of each Term. Withdrawals based on Interim Value may significantly reduce the value of any gains credited at the end of the Term because the amount of the ILO Credit is calculated based on the Investment Base, which will be reduced proportionately by the withdrawal. The Interim Value does not receive the application of the Protection Level to mitigate any loss. The Interim Value Calculation and Adjustment could result in a loss, and this loss may be greater than the loss that would be incurred on the Term End Date after the application of the Protection Level. The Interim Value Calculation and Adjustment could also result in lower gain than would be credited on the Term End Date after the application of the Crediting Strategy. If you plan on taking frequent withdrawals for short-term needs that will be subject to surrender charges, an Interim Value Calculation and Adjustment, and/or additional taxes, this Contract may not be appropriate for you. You may contact us at our Service Center to obtain your Interim Value(s) for any ILO Vintage in which you are invested prior to effecting a transaction, although your Interim Value(s) may change by the time the transaction is executed. To avoid an Interim Value Calculation and Adjustment to your ILO Value, you should schedule withdrawals and other transactions to fall on Term End Dates. All withdrawals withdrawn from the ILO Vintages during the Term will trigger an Interim Value Calculation and Adjustment. A negative Interim Value Calculation and Adjustment could result in significant loss. All withdrawals may also affect the amount payable under the ROP Death Benefit Rider, perhaps significantly, and/or could terminate the benefit if the Contract Value is reduced to zero. Income taxes and certain tax restrictions may apply to any withdrawal or surrender. If taken before age 59 ½, a withdrawal or surrender may also be subject to a 10% federal penalty tax. We generally make payment of any amount due from the Contract within seven calendar days from the date we receive a request In Proper Form. When permitted by law, however, we may defer payment of any withdrawal or surrender proceeds for up to six months from the date we receive your request. INTERIM VALUE CALCULATION AND ADJUSTMENT RISK The Interim Value is the amount in the ILO Vintage that is available for surrenders, withdrawals, death benefit payments, and annuitization that occurs between the Term Start Date and the Term End Date, including full surrenders (including Free Look surrenders), RMDs, free withdrawal amounts, pre-authorized withdrawals, and rider charges. All of these transactions, if taken during the Term, will be based on Interim Value(s) and will trigger an Interim Value Calculation to your ILO Value. The Interim Value is calculated based on the value of a hypothetical portfolio of derivative financial instruments designed to replicate the value of the ILO Vintage if it were held until the end of the Term. We calculate the Interim Value of your investment in each ILO Vintage at the end of each Business Day between the Term Start Date and the Term End Date. The Interim Value fluctuates each Business Day independently of your Investment Base or Annual Period Value (if applicable), and the change, or adjustment, may be positive, negative, or zero compared to the last Business Day, even if the Index has increased in value. Changes to your Interim Value are not directly tied to the performance of the relevant Index, although Index performance impacts your Interim Value. You should also understand that the Interim Value for an ILO Vintage on a Business Day will not impact your principal investment in the ILO Vintage (the Investment Base) or the Annual Period Value (if applicable) unless a withdrawal, surrender, death benefit payment, or annuitization occurs during the Term on that Business Day. This means that the Interim Value calculated could be less than your investment in the ILO Vintage or your Annual Period Value even if the Index is performing positively, and may be less than the amount you would receive had you held the investment until the end of the Term. If you effect a withdrawal that is based on Interim Value, the withdrawal will reduce the Interim Value of your investment in the ILO Vintages by the amount requested (or for a net withdrawal, by the gross amount needed to provide the requested net amount). Any applicable surrender charge, taxes, and tax penalties will subsequently be deducted from the amount you receive from a withdrawal or surrender. Additionally, the withdrawal will reduce your ILO Investment Base in the same proportion that the Interim Value is reduced (rather than on a dollar-for-dollar basis) and will also proportionately reduce the Annual Period Value (if applicable) and death benefit (the “Interim Value Adjustment”). The Interim Value Adjustment to the Investment Base, Annual Period Value (if applicable), and death benefit may be greater than the dollar amount of the withdrawal, and will reduce the Investment Base and Annual Period Value for the remainder of the Term. The amount withdrawn or surrendered will not receive an ILO Credit. Generally, all other factors being equal, the earlier a surrender, withdrawal, death benefit payment or annuitization payment occurs during the Term, the lower the Interim Value will be. A negative Interim Value Calculation and Adjustment will decrease the amount available under your Contract in the ILO Vintages for transactions involving withdrawal, surrender, annuitization, and the death benefit. An Interim Value Calculation and Adjustment will impact your Contract Value (including your Cash Surrender Value, death benefit amount, and amount converted to an Annuity Option), but the reduction will not be deducted from the amount you receive if you take a partial withdrawal. You may contact us at our Service Center to obtain your Interim Value(s) for any ILO Vintage in which you are invested prior to initiating a transaction, although your Interim Value(s) may change by the time the transaction is executed. Withdrawals based on Interim Value may significantly reduce the value of any gains credited at the end of the Term because the dollar amount of the ILO Credit is calculated based on the Investment Base, which will be reduced proportionately by the withdrawal. The Interim Value Calculation and Adjustment could also result in a loss, and this loss may be greater than the loss that would be incurred on the Term End Date after the application of the Protection Level. The Interim Value Calculation and Adjustment could also result in lower gain than would be credited on the Term End Date after the application of the Crediting Strategy. Additionally, neither the Protection Level nor Crediting Strategy of the ILO will be applied to Interim Values. As such, when a transaction is processed based on the Interim Value of the ILO Vintages, there could be significantly less money available under your Contract for withdrawals, surrender, annuitization, and the death benefit. The Interim Value Calculation and Adjustment may result in a loss even if the Index is performing positively at the time of the transaction, and may be less than the amount you would have received had you held the investment until the end of the Term. If you use the Performance Lock feature to lock-in the Interim Value for all or a portion of an ILO Vintage and the Interim Value is lower than your Investment Base on the Term Start Date, you will lock-in a loss. If you use the Performance Lock feature to lock-in a portion of the Interim Value, the remaining Investment Base will be reduced proportionally based on the percentage of the Interim Value that was locked-in. The Interim Value Calculation and Adjustment could result in the loss of principal and previously-credited earnings in the Contract, and in extreme circumstances, such losses could be as high as 100%. To avoid an Interim Value Calculation and Adjustment to your ILO Value, you should schedule withdrawals and other transactions to fall on Term End Dates. FIXED ACCOUNT OPTION RISK The Guaranteed Rate for the Fixed Account Option will never be lower than the 0.50% Minimum Guaranteed Rate for the Fixed Account. The effective annual interest rate represents the rate of daily compounded interest over a 12-month period. You bear the risk that we will never declare a Guaranteed Rate for the Fixed Account Option that is higher than the Minimum Guaranteed Rate for the Fixed Account. CREDITING STRATEGY & PROTECTION LEVEL RISK ILOs Each ILO has an applicable Crediting Strategy and Protection Level that determines the positive, negative, or zero interest rate applied to your ILO Investment Base or Annual Period Value (if applicable) at the end of each Term or Annual Period (the “Adjusted Index Return”). For Point to Point ILOs, the Crediting Strategy and Protection Level only apply on the Term End Date. For SecureCap ILOs, the Crediting Strategy and Protection Level apply annually to determine the Annual Period Value at the end of each Annual Period. Crediting Strategy Risk If you invest in an ILO, positive Index Returns may be limited based on the applicable Crediting Strategy of the ILO. The Crediting Strategies may therefore limit any positive ILO Credit that may be applied to your Investment Base for a given Term. Because of the application of the Crediting Strategy, the Adjusted Index Return for a Term or Annual Period may be less than the positive Index Return. The Crediting Strategies benefit us because they limit the amount of positive interest that we may be obligated to credit for any Term. We set the Crediting Strategy rates each Term in our discretion, however, they will never be less than the Minimum Limits on Index Gain set forth in this Prospectus. You bear the risk that we will not set the Crediting Strategy rates higher than these minimums. Initial and renewal Crediting Strategy rates may vary depending on the Index, market conditions, Crediting Strategy type, Protection Level, Term length, or Contract Issue Date. SecureCap Risk If you have elected the 6-Year ILO with SecureCap, and the Annual Period Credit is negative at the end of an Annual Period, your Annual Period Value will be reduced by the amount of the Annual Period Credit and you will lock-in any loss for that Annual Period. Likewise, if the Annual Period Credit is positive for an Annual Period, you will lock-in any gain. Even if you receive a positive Annual Period Credit for one or more Annual Periods during the Term, your overall Annual Period Value may still be reduced by the end of the Term by any negative Annual Period Credit you may receive for other Annual Periods during that Term. Because the ILO Credit is determined at the end of the Term by subtracting the Investment Base from the final Annual Period Value, a lower Annual Period Value may result in a lower or negative ILO Credit at the end of the Term. Because of the cumulative impact of SecureCap, if you incur a loss during one Annual Period during a Term, it will reduce the Annual Period Value for the next Annual Period during the Term, which will reduce the value of any positive Annual Period Credit. A reduced Annual Period Value will ultimately reduce the value of any positive ILO Credit at the end of the Term, or result in a negative ILO Credit. In a continuing down market, over multiple years, cumulative losses could exceed the protection provided by the Buffer for any single Annual Period and you could lose nearly 100% of your ILO Value for the Term. For example, if the Buffer is 10%, in a continuing down market, you could lose more than 90% of your investment over several Annual Periods. The Annual Period Value is not available to you. Your ILO Value is the Interim Value until the Term End Date. If you take a withdrawal from a SecureCap ILO Vintage prior to the end of the Term, your withdrawal will be based on the Interim Value on the date of the withdrawal, and not the gains or losses locked-in for the completed Annual Periods during the Term. The Interim Value may be less than the Annual Period Value even if the Index is performing positively. Any gains or losses reflected in your Annual Period Value are not locked in or credited to your Investment Base until the Term End Date when the ILO Credit is applied. Additionally, any withdrawal taken prior to the end of the Term will reduce the Investment Base and Annual Period Value proportionally and may significantly reduce any positive ILO Credit at the end of the Term. You should consult with your financial professional about the appropriateness of taking withdrawals under the ILO Vintage before the end of a Term. Cap Rates. Positive interest credited to your ILO Value will be limited to the extent the Index Return exceeds the Cap Rate. If you allocate Contract Value to an ILO with a Cap Rate (including the Cap Rate with Participation Rate, Cap Rate with Dual Direction Buffer, Performance Mix, and Tiered Participation Rate with Cap Rate), or Cap Rate with SecureCap, the highest possible Adjusted Index Return that you may earn for a given Term or Annual Period is the Cap Rate. The Cap Rate is the maximum amount of positive interest that may be credited to your Investment Base on the Term End Date or to the Annual Period Value at the end of an Annual Period. As a result, you will only be credited with a maximum amount of interest even if the positive Index Return is much greater than that rate. Additionally, Cap Rates for ILOs with multi-year Terms (excluding the SecureCap ILOs) apply on a Point to Point basis. This means that the Cap Rate is applied to the Index Return for the entire Term, not on an annual basis. The Cap Rate with SecureCap is applied annually at the end of each Annual Period. Participation Rates and Tiered Participation Rates. For multi-year Terms, the Participation Rate and Tiered Participation Rates apply on a Point to Point basis. This means that the Participation Rate or Tiered Participation Rate is applied to the Index Return for the entire Term, not on an annual basis. Protection Level Risk Negative Index Returns may be limited by the applicable Protection Level for each ILO. Other than the 100% Buffer on the Term End Date, Protection Levels may provide only limited protection against negative Index performance. You may lose money. When you invest Contract Value in the ILOs, you bear the risk that negative Index performance may cause the Adjusted Index Return to be negative even after the application of the Protection Level. This would result in a negative ILO Credit and reduce your Investment Base by the amount of the ILO Credit. Additionally, the Protection Level may only provide downside protection only on the Term End Date, so your exposure to negative Index performance during a Term is greatest before the Term End Date, when your Protection Level will not apply to the Interim Value of an ILO Vintage. There are two types of Protection Levels that we use to limit negative Index Returns: Buffer Rates, and Dual Direction Buffer Rates. In the future, we may not offer ILOs with any other Protection Level other than a 10% Buffer. We do not guarantee a minimum Dual Direction Buffer Rate, and we do not guarantee that we will always offer ILOs with a Dual Direction Buffer. This Contract may not be appropriate for you if you intend to invest solely in ILOs with a Dual Direction Buffer. Protection Levels for ILOs with multi-year Terms apply on a Point to Point basis (excluding SecureCap ILOs). This means that the Buffer or Dual Direction Buffer is applied to the Index Return for the entire Term, and not on an annual basis. SecureCap ILOs will apply the Buffer Protection Level on an annual basis at the end of each Annual Period during the Term, although any gains or losses are not locked in or credited to your Investment Base until the Term End Date when the ILO Credit is applied. For each ILO, the Protection Level (e.g. Buffer, or Dual Direction Buffer) is set at Contract issue and will never change in future Contract Years as long as we continue to offer that ILO. We set Protection Level rates for each ILO at our discretion. Protection Level rates declared for future ILOs under this Contact may vary depending on the Index, market conditions, Crediting Strategy, and rates, the type of Protection Level, and the Term length. Assuming the same Index and Term length, an ILO that provides more protection from Index losses will generally tend to have less potential for Index gains; conversely, an ILO that provides less protection from Index losses will generally tend to have more potential for Index gains. Dual Direction Buffer Rates and Buffer Rates. The risk of loss may be significant with a Buffer ILO (including the Dual Direction Buffer) during times of steep market decline. For example, if the Index Return is -40%, and the Buffer Rate or Dual Direction Buffer Rate is 10%, your Adjusted Index return will be -30% (the amount that the negative Index Return exceeds the Buffer or Dual Direction Buffer Rate). ILOs with a Buffer Rate of 100% may be available for Purchase Payments and renewal allocations, offering full protection on the Term End Date in the event of market decline. Dual Direction Buffer. Because the absolute value of any negative Index Return up and including the Dual Direction Buffer Rate will be credited to your Investment Base as positive interest, a negative Index Return on the Term End Date that is slightly below or slightly above the Dual Direction Buffer Rate can result in very different ILO Credits. You will receive positive interest if the negative Index Return does not exceed the Dual Direction Buffer Rate, and you will receive negative interest if the negative Index Return exceeds the Dual Direction Buffer Rate on the Term End Date. Any negative Index Return in excess of the Dual Direction Buffer Rate will result in negative interest being credited to your Investment Base in the amount that the negative Index Return exceeds the Dual Direction Buffer Rate. For example, if the ILO Dual Direction Buffer Rate is 10%, and the negative Index Return is -10%, we will credit your Investment Base with 10%. However, if the negative Index Return is -10.01%, we will credit your Investment Base with -0.01%. PERFORMANCE LOCK RISK You may exercise the Performance Lock feature for each ILO Vintage during a Term to “lock-in” all or a portion of the ILO Vintage’s Interim Value as of the Business Day the request is submitted. If you exercise the Performance Lock feature to lock-in a portion of the ILO Vintage’s Interim Value, you may exercise the Performance Lock multiple times for the ILO Vintage, provided that the minimum percentage allowed for a partial Performance Lock is 20% of the ILO Vintage’s Interim Value. The locked-in value will equal the Interim Value of the ILO Vintage calculated at the end of the Business Day that the Performance Lock is requested or AutoLock is processed. The maximum number of ILO Vintages that may be locked each Contract Year is 25. If you exercise Performance Lock for more than one ILO Vintage within an ILO, it is possible that the Interim Value of one ILO Vintage may have increased, while the Interim Value of another ILO Vintage may have decreased at the time the Performance Lock is exercised. With AutoLock, Interim Value will be locked-in automatically if the percentage increase of the Interim Value over the Investment Base meets or exceeds the Performance Lock Target Percentage that you set. Further, the Performance Lock Target Percentage that you set must be greater than 0% and less than the Cap Rate for the applicable ILO Vintage. There is a chance that the percentage increase of the Interim Value may never be reached during the Term, and AutoLock may not occur, even during a strong market performance. As a result, you may miss the opportunity to lock-in gains and benefit from additional index appreciation up to the Cap Rate that could have occurred if AutoLock were set at a lower Performance Lock Target Percentage or not used. If you set your Performance Lock Target Percentage close to the current Interim Value, Performance Lock may occur soon after establishing the AutoLock. The locked-in value will be credited with the Performance Lock Interest Rate beginning on the day following the day the Performance Lock was exercised until the next Contract Anniversary or until you exercise the Pre-Anniversary Transfer option. The minimum Performance Lock Rate will never be less than 0.05%. Once the Contract is issued, the minimum guaranteed interest rate for the Performance Lock Rate will not change. Exercising Performance Lock will terminate your ability to receive an ILO Credit or the application of the Crediting Strategy or Protection Level to mitigate any loss. Withdrawals will reduce the locked-in value. Any applicable surrender charge, taxes, and tax penalties will adjust the amount you receive from the withdrawal. Your decision to exercise Performance Lock, or the automatic exercise of Performance Lock through AutoLock is irrevocable. Once Performance Lock is exercised, the locked-in amount cannot be transferred into a new Term in the same ILO or a different ILO until the next Contract Anniversary, unless the Pre-Anniversary Transfer option is elected. Generally, the earlier in the Term that Performance Lock is exercised, the greater the potential difference between the locked-in value and the value that could be realized at the end of the Term. You will not be able to determine in advance the Interim Value that will be locked-in prior to your manual Performance Lock request, or that your ILO will reach its Performance Lock Target Percentage for an AutoLock. You bear the risk that the Interim Value that is locked in will be lower than the Interim Value you last obtained, and lower than the potential ILO Value you would receive at the end of the Term, and the difference could be significant. If the Performance Lock feature is exercised at a time when your Interim Value has declined, you will lock-in any loss. It is possible that you would have realized less of a loss or no loss if Performance Lock occurred, at a later time, or if the ILO Vintage was not locked. There may not be an optimal time to exercise the Performance Lock feature. It may be better for you if the Performance Lock feature is not exercised during a Term. For SecureCap ILOs, the Interim Value and Annual Period Value are separate and distinct values. A Performance Lock “locks in” the Interim Value, which may be less than the current Annual Period Value at the time the Performance Lock is exercised, even if the Index is performing positively. The Annual Period Value is not available to you. Your ILO Value is the Interim Value until the Term End Date. Any gains or losses reflected in your Annual Period Value are not locked in or credited to your Investment Base until the Term End Date. We will not advise you as to whether or when you should or should not exercise the Performance Lock, and we are not responsible for any losses that may occur due to your decision to exercise this feature. Pre-Anniversary Transfer Option. The Pre-Anniversary Transfer option is available from any ILO Vintage where Performance Lock has been exercised. After Performance Lock is exercised, the reallocation value must be the full Performance Lock Value. This value may be reallocated into any Interest Crediting Option with the exception of any Performance Mix or SecureCap ILO, or the Fixed Account Option. There may not be an optimal time to exercise the Pre-Anniversary Transfer Option. It may be better for you to earn the Performance Lock Rate until the Contract Anniversary. Your investment in ILO Vintages as a result of Pre-Anniversary Transfer are subject to rates in effect as of the date of the Pre-Anniversary Transfer. The creation of a new ILO Term does not guarantee higher crediting rates than the locked ILO Vintage. This means that you may receive less favorable rates than you would have received if you had remained in the ILO Vintage until the next Contract Anniversary. When you exercise the Pre-Anniversary Transfer option, the remaining number of days in the Contract Year will be added to the ILO Term, so the ILO Term for the new ILO Vintage will be longer than if you started an ILO Vintage on a Contract Anniversary, but the Crediting Method and Protection Level will be the same as for an ILO Term that begins on the Contract Anniversary. If you elect Pre-Anniversary Transfer, any positive performance of your ILO Vintage over the ILO Term will be limited by a Crediting Method normally applied to a shorter ILO Term, and you will be subject to negative performance with only the Protection Level normally applied to a shorter ILO Term. Your risk exposure for the ILO Term may be greater than for an ILO Vintage with a standard ILO Term. The maximum number of ILO Vintages that may be locked each Contract year is 25. After the 25th ILO Vintage has been locked in a Contract Year, no other ILO Vintage can be locked until the following Contract Year, limiting your ability to exercise the Pre-Anniversary Transfer option. This limitation means you may not be able to take advantage of any increases to the initial or renewal rates that would apply to a new ILO Vintage, or any advantageous changes to Index Values that would have occurred during the new ILO Vintage. This may limit your potential returns. You should contact us at our Service Center to obtain your Interim Value(s) and speak to your financial professional before exercising Performance Lock or the Pre-Anniversary Transfer Option, although your Interim Value(s) may change by the time Performance Lock is exercised. AVAILABILITY OF INDEXES AND INDEX-LINKED OPTIONS We reserve the right to add or remove an ILO or Index, subject to applicable regulatory approvals. We reserve the right to stop offering any of the ILOs to new and existing Contracts, and to close any of the ILOs to new transfers at the end of a Term. We may change the Crediting Strategy rates and Protection Level rates subject to the stated Minimum Limit on Index Gain or maximum rates. There is no guarantee that a particular ILO will be available during the entire time that you own your Contract (other than the 1-year S&P 500® with Cap Rate with Participation Rate and 10% Buffer ILO). If we decide to discontinue offering any ILOs or Indexes, we will amend this Prospectus. An ILO that is currently available may not be available for transfers from other Interest Crediting Options or reallocations of Contract Value into the same ILO for a new Term, or may be closed to new Contract issues. If you reallocate into the same ILO for a consecutive Term, the ILO’s underlying Index or features may have changed, or the ILO may no longer be available for investment. If your desired ILO is not available for investment, and you do not provide timely transfer instructions to us, you will be automatically reallocated the Fixed Account, which may not be acceptable to you. The 1-year S&P 500® with Cap Rate with Participation Rate and 10% Buffer ILO, in addition to the Fixed Account Option, will always be available under your Contract. The Cap Rate for this ILO is subject to a Minimum Limit on Index Gain of 2% and the Minimum Participation Rate of 100% for the life of this Contract. We reserve the right to stop offering all but one ILO (the 1-year S&P 500® with Cap Rate with Participation Rate and 10% Buffer ILO) in addition to the Fixed Account Option. In the future, this means that we may not offer ILOs with any other Protection Level other than a 10% Buffer and any other Crediting Strategy other than a Cap Rate with Participation Rate. We do not guarantee a minimum Dual Direction Buffer Rate, and we do not guarantee that we will always offer ILOs with a Dual Direction Buffer. If we stop offering all but one ILO (the 1-year S&P 500® with Cap Rate with Participation Rate and 10% Buffer ILO), you will be limited to investing in only one ILO and the Fixed Account Option. The terms and features of that ILO may not meet your investment objectives or be suitable for your financial goals, and this Contract may not be appropriate for you if you intend to invest solely in ILOs with a Dual Direction Buffer. In the future, any ILOs we offer (in addition to the 1-year S&P 500® with Cap Rate with Participation Rate and 10% Buffer ILO) will always have some level of downside protection, but we do not guarantee a minimum level. If you are not satisfied with the available ILOs, you may choose to surrender your Contract, but you may be subject to surrender charges, taxes, and tax penalties, and the calculation of the surrender amount based on Interim Value if the surrender is made before the end of a Term. If you purchase another retirement vehicle, it may have different features, fees, and risks than the Contract. Discuss with your financial professional whether the Contract is appropriate for you given our right to make such changes to the available ILOs. If we add or remove an Index (as opposed to replacing an Index with another Index), the changes will not be effective for your Contract until the start of the next Term. We may remove or replace an Index if it is discontinued, if the calculation of the Index is substantially changed by the Index provider, if Index values become unavailable for any reason, if hedging instruments become difficult to acquire or the cost of hedging becomes excessive, or if its investment objectives, strategies, or risks substantially change. The new Index may not be desirable to you. If we substitute an Index, we will select a new Index that we determine in our judgment is comparable to the original Index, however, the performance of the new Index may differ from the original Index. The Index Return for the new Index will be utilized when determining the ILO Credit on the Term End Date even if the Index is substituted near the end of the Term. This may negatively affect the interest that you earn during that Term. You may receive a greater loss or lower gain than if we continue to use the original Index for the entire Term. We may replace an Index at any time during a Term. If we replace an Index during a Term, the ILO Crediting Strategy and Protection Level will not change. We will notify you in writing prior to replacing an Index. You will have no right to reject the replacement of an Index, and if you do not exercise Performance Lock and elect Pre-Anniversary Transfer, you will not be permitted to transfer ILO Value until the end of a Term even if we replace the Index during the Term. If we substitute an Index and you do not wish to remain invested in the relevant ILO for the remainder of the Term, your only options will be to withdraw the ILO Value or surrender the Contract, or exercise the Performance Lock feature and transfer your ILO Value on the next Contract Anniversary or sooner under the Pre-Anniversary Transfer option. All of these options will trigger an Interim Value Calculation, and taking a withdrawal or surrender may cause you to incur surrender charges, taxes, and tax penalties. INVESTMENT RISKS FOR THE MARKET INDEXES Investing in the ILOs will subject you to risks related to the Indexes (which may be a market index or exchange-traded fund (“ETF”), such as the following: No Dividends. Each Index is a price return index, not a total return index, and therefore its performance does not reflect any dividends or distributions paid by the Index’s component companies. This will reduce the Index Return and will cause the Index to underperform a direct investment in the securities composing the Index. If dividends and other distributions were included, the Index performance would be higher. No Rights in the Index. An investment in an ILO is not an investment in the Index or in the securities tracked by the Index. You have no voting, liquidation, or other rights with respect to the Index, its publisher, or any of the component companies. Index Performance. An investment in the Contract is subject to the risk of poor investment performance of the ILOs you select. If you allocate money to an ILO, the value of your investment depends in part on the performance of the applicable Index. You could lose a significant amount of money if the Index of an ILO declines in value. The performance of an Index is based on changes in the values of the securities or other instruments that comprise or define the Index. The securities and instruments comprising or defining the Indexes are subject to a variety of investment risks that you are indirectly exposed to. These risks may affect capital markets generally, specific market segments, or specific issuers. The performance of the Indexes may fluctuate, sometimes rapidly and unpredictably. Negative Index performance may cause you to realize losses, which may be significant. The historical performance of an Index or an ILO does not guarantee future results. Because we measure Index performance from the Term Start Date to the Term End Date, or from one Contract Anniversary to the next Contract Anniversary for a SecureCap ILO Term, you bear the risk that the Index Return may be negative or zero at the end of a Term or Annual Period, even if the Index performed positively at times. • Market Risk. Market risk is the risk that short-term market movements may cause the value of an Index to fluctuate, sometimes rapidly and unpredictably. Index performance could decrease over longer periods of time during more prolonged market downturns. Market changes can result from disasters and other events, such as storms, earthquakes, fires, outbreaks of infectious diseases, utility failures, terrorist acts, political and social developments, and military and governmental actions. • Issuer Risk. Issuer risk is the risk that Index performance may decline for reasons directly related to the issuer, as opposed to the market generally. Changes in the financial condition or credit rating of an issuer of the securities that make up an Index may cause the Index performance to decline. • ETF Risks. When you allocate Contract Value to an ILO that is linked to the performance of an ETF, you are not investing in the ETF. Index-based ETFs seek to track the investment results of a specific market index and are not actively managed. Due to a variety of factors, including the fees and expenses associated with an ETF, an ETF’s performance may not fully replicate or may, in certain circumstances, diverge significantly from the performance of the underlying index. This potential divergence between the ETF and the specific market index is known as tracking error. Although we believe that we will be viewed as the owner of the Index Strategy for tax purposes, there is no legal guidance to indicate how the IRS might view access to an ETF-linked ILO coupled with frequent transfers among the Interest Crediting Options. INDEX RISKS S&P 500® Index. This Index is comprised of equity securities issued by large-capitalization U.S. companies. In general, large-capitalization companies may be unable to respond quickly to new competitive challenges, and may not be able to attain the high growth rate of successful smaller companies. MSCI EAFE Index. This Index is designed to follow the performance of large- and mid-capitalization companies across 21 developed markets around the world excluding the U.S. and Canada. Political, social and economic developments abroad and differences between the regulations and reporting standards and practices to which foreign issuers are subject as compared to U.S. issuers may affect the Index Performance. In addition, to the extent the component securities are denominated in foreign currencies, their values may be subject to risks related to changes in currency exchange rates. Risks of investing in foreign securities are generally increased by investing in emerging market countries. First Trust Growth Strength Net Fee Index. This Index provides exposure to a mix of U.S. common stocks and real estate investment trusts (“REITs”) and has significant exposure to health care and information technology companies. The First Trust Growth Strength Net Fee Index deducts a fee when calculating Index performance. This will reduce the Index Return and will cause the Index to underperform a direct investment in the securities composing the Index. • REIT Risk. REITs typically own and operate income-producing real estate, such as residential or commercial buildings, or real- estate related assets, including mortgages. As a result, investments in REITs are subject to the risks associated with investing in real estate, which may include, but are not limited to: fluctuations in the value of underlying properties; defaults by borrowers or tenants; market saturation; changes in general and local operating expenses; and other economic, political or regulatory occurrences affecting companies in the real estate sector. REITs are also subject to the risk that the real estate market may experience an economic downturn generally, which may have a material effect on the real estate in which the REITs invest and their underlying portfolio securities. REITs may have also a relatively small market capitalization which may result in their shares experiencing less market liquidity and greater price volatility than larger companies. Increases in interest rates typically lower the present value of a REIT’s future earnings stream, and may make financing property purchases and improvements more costly. Because the market price of REIT stocks may change based upon investors’ collective perceptions of future earnings, the value of the Fund will generally decline when investors anticipate or experience rising interest rates. • Health Care Companies Risk. Health care companies, such as companies providing medical and healthcare goods and services, companies engaged in manufacturing medical equipment, supplies and pharmaceuticals, as well as operating health care facilities and the provision of managed health care, may be affected by government regulations and government health care programs, increases or decreases in the cost of medical products and services and product liability claims, among other factors. Many health care companies are heavily dependent on patent protection, and the expiration of a company’s patent may adversely affect that company’s profitability. Health care companies are also subject to competitive forces that may result in price discounting, may be thinly capitalized and susceptible to product obsolescence. • Information Technology Companies Risk. Information technology companies produce and provide hardware, software and information technology systems and services. These companies may be adversely affected by rapidly changing technologies, short product life cycles, fierce competition, aggressive pricing and reduced profit margins, the loss of patent, copyright and trademark protections, cyclical market patterns, evolving industry standards and frequent new product introductions. In addition, information technology companies are particularly vulnerable to federal, state and local government regulation, and competition and consolidation, both domestically and internationally, including competition from foreign competitors with lower production costs. Information technology companies also heavily rely on intellectual property rights and may be adversely affected by the loss or impairment of those rights. Invesco QQQ ETF (QQQ). This Index references the performance of Invesco QQQ ETF, which is an exchange-traded fund that seeks to track the performance on the Nasdaq-100 Index®. The Nasdaq-100 Index® includes 100 of the largest domestic and international nonfinancial companies listed on the Nasdaq Stock Market based on market capitalization. In general, large- capitalization companies may be unable to respond quickly to new competitive challenges and may not be able to attain the high growth rate of successful smaller companies. The Invesco QQQ ETF’s performance may be impacted by a number of other factors, and there is no guarantee that the ETF’s performance will match the returns of the Nasdaq-100 Index®. iShares® Russell 2000 ETF (IWM). This Index references the performance of the iShares® Russell 2000 ETF, which is an exchange- traded fund that seeks to track the investment results of the Russell 2000 Index, an index composed of small-capitalization U.S. equities. The Russell 2000 Index measures the performance of the small capitalization sector of the U.S. equity market, as defined by FTSE Russell. Compared to mid- and large-capitalization companies, small-capitalization companies may be less stable and more susceptible to adverse developments. The securities of small-capitalization companies may be more volatile and less liquid than those of mid- and large-capitalization companies. As a result, the Index’s performance may be more volatile than that of an index with greater focus on large- or mid-capitalization stocks. RETURN OF PURCHASE PAYMENTS DEATH BENEFIT RIDER RISK Once purchased, the ROP Death Benefit Rider may not be voluntarily terminated by the Contract Owner. Rider charges are ongoing and will be deducted on each Contract Anniversary. Rider charges deducted from the ILO Vintages on a Term End Date and from the Fixed Account will reduce the Contract Value by the amount of the charge in the same manner as any other withdrawal. Rider charges deducted from a multi-year ILO Vintage on a Contract Anniversary prior to the Term End Date will trigger an Interim Value Calculation and an Interim Value Adjustment to the Investment Base and Annual Period Value (if applicable). Rider charges assessed on a Term End Date will be assessed after the application of the ILO Credit. Accordingly, the ILO Credit will be reduced by the deduction of Rider charges. All withdrawals will reduce the Rider benefit, perhaps significantly, and/or could terminate the benefit if the Contract Value is reduced to zero. For any portion of the Contract Value allocated to an ILO Vintage, the Death Benefit Amount will be based on Interim Value(s) if the death benefit is paid before the end of a Term. As noted above, the ROP Death Benefit Rider charge may be deducted from the ILO Vintages on a date prior to the Term End Date. The ongoing deduction of the Rider charge on such a date may have an adverse effect on values and benefits under the Contract. If you intend to elect the ROP Death Benefit Rider, you should consult with a financial professional to discuss whether the Rider or this Contract is appropriate for you. In the future, we may stop offering the Rider to new purchasers. The Rider may not be available through your financial professional. You may obtain information about the optional benefits that are available to you by contacting your financial professional. INSURANCE COMPANY RISKS Pacific Life is a life insurance company domiciled in Nebraska. Along with our subsidiaries and affiliates, our operations include life insurance, annuity, mutual funds, broker-dealer operations, and investment advisory services. Our executive office is located at 700 Newport Center Drive, Newport Beach, California 92660. Investment in the Contract is subject to the risks related to us, and any obligations (including under the Fixed Account Option and the ILOs), guarantees, or benefits of the Contract are subject to our claims-paying ability and financial strength. You should look to our financial strength with regard to such guarantees. Your financial professional’s firm is not responsible for any Contract guarantees. If we experience financial distress, we may not be able to meet our obligations to you. More information about us, including our financial strength ratings, is available upon request by calling (800) 722-4448 or visiting our website at www.PacificLife.com. The assets supporting the ILOs are held in a non-registered, non-insulated separate account established under Nebraska insurance law for the purpose of supporting our obligations under the Contract. These assets are subject to the claims of our creditors. Therefore, the benefits provided under the ILOs are subject to the claims-paying ability of Pacific Life. You may obtain information about our financial condition by reviewing our financial statements included in this Prospectus. We reserve the right to add or remove an ILO or Index, subject to applicable regulatory approvals; stop offering an ILO for investment at the end of a Term; change the Crediting Strategy rates and Protection Level rates of the ILOs available under the Contract, subject to the stated Minimum Limit on Index Gain or maximum rates and the terms described in this prospectus; and impose investment or transfer limitations, as described in this prospectus. Additional Purchase Payments after the initial Purchase Payment are not permitted, except for transfers from other financial products requested at the time the investor's Contract application is submitted and transferred within 60 days after the Contract Issue Date (“Subsequent Purchase Payments”). See TRANSFER AND REALLOCATION LIMITATIONS, CREDITING STRATEGY AND PROTECTION LEVEL RISK, and AVAILABILITY OF INDEXES AND INDEX-LINKED OPTIONS in this section for more information. You bear the risks relating to any material reservation of rights. CYBERSECURITY AND BUSINESS CONTINUITY RISKS Our business relies heavily on the effective operation of our computer systems and networks, as well as those of our business partners and service providers. Consequently, we are potentially susceptible to operational and information security risks associated with the technologies, processes and procedures designed to protect networks, systems, computers, programs and information from cyber-attacks, operational failure, AI misuse, damage or unauthorized access. These risks include but are not limited to theft, loss, misuse, corruption and destruction of information maintained online or digitally, denial of service on websites and other operational failures, and unauthorized disclosure of confidential, proprietary and customer information. Cyber-attacks affecting us, any third-party administrator, the Indexes or Index issuers, intermediaries, and other affiliated or third-party service providers may adversely affect us and your Contract Value. For instance, cyber-attacks or operational incidents may interfere with Contract transaction processing, including the processing of orders from our website; impact our ability to calculate Index Return or the ILO Credit; cause the disclosure and possible destruction of confidential, proprietary and customer information; impede order processing; subject us and/or our service providers and intermediaries to regulatory fines, litigation, loss of business, financial losses and reputational damage. Cybersecurity risks may also impact the issuers of securities that comprise the Indexes, which may cause the Indexes underlying the ILOs to lose value. The digitization, increased information availability, use of new and constantly evolving technologies, the increased sophistication and severity of cyber campaigns, and the heightened geopolitical risks and threats, continue to pose new and significant cybersecurity and operational risks and threats. While measures and controls have been adopted and are periodically reviewed and updated to mitigate cybersecurity and operational risks, there can be no guarantee or assurance that we, the Indexes or Index issuers, or our service providers will not suffer losses affecting your Contract due to cyber-attacks, operational incidents, misuse of AI, or information security breaches in the future. We are also exposed to risks related to natural and man-made disasters or other events, including (but not limited to) earthquakes, fires, floods, storms, epidemics and pandemics (such as COVID-19), geopolitical tensions, armed conflicts, wars, terrorist acts, civil unrest, malicious acts and/or other events that could adversely affect our ability to conduct business. The risks from such events are common to all insurers. To mitigate such risks, we have business continuity plans in place that include remote workforces, remote system and telecommunication accessibility, and other plans to ensure availability of critical resources and business continuity during an event. Such events can also have an adverse impact on financial markets, U.S. and global economies, service providers, and index performance for the Indexes underlying the ILOs available through your Contract. There can be no assurance that we, the Indexes or Index issuers, or our service providers will avoid such adverse impacts due to such events and some events may be beyond control and cannot be fully mitigated or foreseen. RISK OF LOSS This Contract is unsuitable as a short-term savings vehicle. You can lose money by investing in this Contract, including loss of a substantial portion or all of your principal investment and any previously-credited earnings in the Contract despite the Protection Levels. Additionally, positive interest credited to your ILO Value will be limited to the extent the Index Return exceeds the Cap Rate, or SecureCap Rate, as applicable. Each Interest Crediting Option, including the Fixed Account Option, has its own unique risks. You should review and understand the Interest Crediting Options before making an investment decision. You may experience significant negative returns under the Contract due to the poor investment performance of the ILOs you select (even with downside protection offered by the Protection Levels), the timing of any transactions you request, such as withdrawals and transfers, and any fees and adjustments associated with those transactions. The Contract is not a deposit or obligation of, or guaranteed or endorsed by any bank. It is not federally insured by the Federal Deposit Insurance Corporation (FDIC), the Federal Reserve Board, or any other government agency. The Protection Level of each ILO may limit the amount of negative Index Return used in calculating the interest credited to your ILO Value at the end of each Term or applied to your Annual Period Value at the end of an Annual Period (if applicable). You can still incur losses even with the application of a Protection Level unless you elect an ILO with a Buffer Protection Level of 100%. There are two types of Protection Levels that we use to limit negative Index Returns: Buffer Rates and Dual Direction Buffer Rates. If you invest in an ILO with a Buffer (including the Dual Direction Buffer), depending on the Buffer or Dual Direction Buffer rate of the ILO(s) in which you invest, your potential losses at the end of a Term due to negative Index performance are currently limited to a maximum of 0% to almost 100% of your investment in the ILO for that Term. Cumulative loss over the life of the Contract could be much greater than the maximum loss for any single ILO Term. The 1-year S&P 500® with Cap Rate with Participation Rate and 10% Buffer ILO, and the Fixed Account Option, will always be available under your Contract. In the future, we may not offer ILOs with any other Protection Level other than a 10% Buffer. We do not guarantee a minimum Dual Direction Buffer Rate, and we do not guarantee that we will always offer ILOs with a Dual Direction Buffer. In the future, any ILOs we offer (in addition to the 1-year S&P 500® with Cap Rate with Participation Rate and 10% Buffer ILO) will always have some level of downside protection, but we do not guarantee a minimum level. If you take a surrender or withdraw money from an ILO Vintage during a Term (including full surrenders, Free Look surrenders, RMDs, free withdrawal amounts, pre-authorized withdrawals, and rider charges), a death benefit is paid, or you annuitize the Contract before the Term End Date, the ILO Value available for the transaction will be your Interim Value. The Protection Level does not protect the Interim Value from negative Index performance during the Term. The Interim Value calculated may result in a loss even if the Index is performing positively at the time of the transaction, and may be less than the amount you would receive had you held the investment until the end of the Term after the application of the Protection Level. The Interim Value Calculation and Adjustment could result in the loss of principal and previously-credited earnings in the Contract, and in extreme circumstances, such losses could be as high as 100%. The Protection Levels also do not limit losses from surrender charges, taxes, and tax penalties, which could result in greater loss of principal or previously credited earnings in the Contract even if investment performance has been positive. Any potential for gain should be carefully weighed against the risk of loss. 0 1 1 We do not guarantee a minimum Dual Direction Buffer Rate, and we do not guarantee that we will always offer ILOs with a Dual Direction Buffer. In the future, any ILOs we offer (in addition to the 1-year S&P 500® with Cap Rate with Participation Rate and 10% Buffer ILO) will always have some level of downside protection, but we do not guarantee a minimum level. LIQUIDITY RISK This Contract is unsuitable as a short-term savings vehicle. This Contract may be appropriate for you if you have a long-term investment horizon and are looking to supplement your retirement income or you want to meet other long-term financial objectives. The Contract is not designed to be a short-term investment and may be inappropriate for you if you intend to take frequent withdrawals prior to annuitization, withdrawals during the 6-year surrender charge period, or withdrawals from the ILOs before the end of a Term. Before you annuitize, you can withdraw money from or surrender your Contract at any time, however, withdrawals or surrenders taken during the surrender charge period may be subject to a surrender charge. Withdrawals and surrenders may also be subject to an Interim Value Calculation and Adjustment if taken from the ILO Vintages before the end of a Term, taxes, and tax penalties. A negative Interim Value Calculation and Adjustment could result in the loss of your principal investment and previously credited earnings in the Contact, and in extreme circumstances, such losses could be as high as 100% of the ILO Value. See FEES, CHARGES, AND ADJUSTMENTS and ACCESS TO YOUR MONEY. Please note that the Contract permits ongoing withdrawals and deductions from the ILOs prior to the Term End Date, such as rider charges, systematic withdrawals, and/or required minimum distributions. These withdrawals and deductions may have an adverse effect on the values and benefits under your Contract. If you intend to make such ongoing withdrawals or elect such deductions, you should consult with a financial professional about whether this Contract is appropriate for you. The Contract is not designed to be a short-term investment and may be inappropriate for you if you intend to take frequent withdrawals prior to annuitization, withdrawals during the 6-year surrender charge period, or withdrawals from the ILOs before the end of a Term. Before you annuitize, you can withdraw money from or surrender your Contract at any time, however, withdrawals or surrenders taken during the surrender charge period may be subject to a surrender charge. Withdrawals and surrenders may also be subject to an Interim Value Calculation and Adjustment if taken from the ILO Vintages before the end of a Term, taxes, and tax penalties TRANSFER AND REALLOCATION LIMITATIONS Transfers to and from the ILOs and reallocations into the same ILO for a new Term are only permitted on Term Start Dates and Term End Dates (which will fall on a Contract Anniversary), unless you exercise the Performance Lock feature and elect Pre-Anniversary Transfer. Transfers to and from the Fixed Account are permitted every Contract Anniversary. Transfer instructions can be requested, changed or cancelled any time prior to close of the Business Day on Term End Date. These transfer restrictions significantly limit your ability to reallocate your Contract Value in response to changes in market conditions, Interest Crediting Option performance, or personal needs. If we do not receive transfer instructions from you prior to the close of Business on the Term End Date, we will automatically reallocate or transfer your Contract Value. Any Contract Value in an expiring ILO Term will remain in its current allocation for the next Term, subject to the renewal Crediting Strategy Rates declared for that Term, as long as that ILO remains available for investment. If the expiring ILO is not available for investment for a Subsequent Term, the Contract Value in that ILO will automatically be transferred to the Fixed Account Option, subject to the renewal Guaranteed Rate. Amounts that we automatically reallocate or transfer in the absence of transfer instructions cannot be transferred until the next Contract Anniversary, or Term End Date, which will fall on a Contract Anniversary (unless the Performance Lock is exercised and Pre-Anniversary Transfer instructions are provided). This will occur even if the Crediting Strategy rate or Index associated with the new ILO Term has changed, in which case the new ILO Term may not be satisfactory to you. If you fail to transfer ILO Value at the end of a Term and do not wish to remain invested in a particular ILO for another Term, your only alternative will be to surrender or withdraw the related ILO Value or exercise the Performance Lock and provide Pre-Anniversary Transfer instructions. Surrendering all or withdrawing a portion of your Contract Value may cause you to incur surrender charges, taxes, and tax penalties. If you surrender or withdraw the ILO Value during the Term, the amount available for surrender or withdrawal will be your Interim Value. The Interim Value calculated could be less than your investment in the ILO Vintage even if the Index is performing positively, and may be less than the amount you would receive had you held the investment until the end of the Term after the application of the Protection Level. This means that there could be significantly less money available under your Contract for a surrender or withdrawal during the Term. WITHDRAWAL AND SURRENDER RISK All withdrawals (including RMDs, preauthorized withdrawals, and rider charges) will reduce your Contract Value and the death benefit, and withdrawals and surrenders may be subject to a negative adjustment based on the Interim Value Calculation, surrender charge, taxes, and tax penalties. See FEES, CHARGES, AND ADJUSTMENTS for a list of withdrawals and surrenders that will not be subject to a surrender charge. Withdrawals and surrenders from the ILO Vintages at the end of a Term will reduce the Investment Base and death benefit by the amount requested. Any applicable negative adjustment, surrender charge, taxes, and tax penalties will subsequently be deducted from the amount you receive from a withdrawal or surrender. Withdrawals and surrenders from the ILO Vintages between the Term Start Date and the Term End Date will trigger an Interim Value Calculation to your ILO Value, and will reduce the Interim Value of your investment in the ILO Vintages by the amount requested. Additionally, the transaction will reduce your ILO Investment Base in the same proportion that the Interim Value is reduced (rather than on a dollar-for-dollar basis) and will also proportionately reduce the Annual Period Value (if applicable) and death benefit (the Interim Value Adjustment). The Interim Value Adjustment may be greater than the dollar amount of the withdrawal, and will reduce the Investment Base and Annual Period Value for the remainder of the Term. See “INTERIM VALUE CALCULATION AND ADJUSTMENT RISK” below for more information. Amounts withdrawn or surrendered will not receive an ILO Credit, which is the dollar amount of interest added to or subtracted from your ILO Investment Base at the end of each Term. Withdrawals based on Interim Value may significantly reduce the value of any gains credited at the end of the Term because the amount of the ILO Credit is calculated based on the Investment Base, which will be reduced proportionately by the withdrawal. The Interim Value does not receive the application of the Protection Level to mitigate any loss. The Interim Value Calculation and Adjustment could result in a loss, and this loss may be greater than the loss that would be incurred on the Term End Date after the application of the Protection Level. The Interim Value Calculation and Adjustment could also result in lower gain than would be credited on the Term End Date after the application of the Crediting Strategy. If you plan on taking frequent withdrawals for short-term needs that will be subject to surrender charges, an Interim Value Calculation and Adjustment, and/or additional taxes, this Contract may not be appropriate for you. You may contact us at our Service Center to obtain your Interim Value(s) for any ILO Vintage in which you are invested prior to effecting a transaction, although your Interim Value(s) may change by the time the transaction is executed. To avoid an Interim Value Calculation and Adjustment to your ILO Value, you should schedule withdrawals and other transactions to fall on Term End Dates. All withdrawals withdrawn from the ILO Vintages during the Term will trigger an Interim Value Calculation and Adjustment. A negative Interim Value Calculation and Adjustment could result in significant loss. All withdrawals may also affect the amount payable under the ROP Death Benefit Rider, perhaps significantly, and/or could terminate the benefit if the Contract Value is reduced to zero. Income taxes and certain tax restrictions may apply to any withdrawal or surrender. If taken before age 59 ½, a withdrawal or surrender may also be subject to a 10% federal penalty tax. We generally make payment of any amount due from the Contract within seven calendar days from the date we receive a request In Proper Form. When permitted by law, however, we may defer payment of any withdrawal or surrender proceeds for up to six months from the date we receive your request. INTERIM VALUE CALCULATION AND ADJUSTMENT RISK The Interim Value is the amount in the ILO Vintage that is available for surrenders, withdrawals, death benefit payments, and annuitization that occurs between the Term Start Date and the Term End Date, including full surrenders (including Free Look surrenders), RMDs, free withdrawal amounts, pre-authorized withdrawals, and rider charges. All of these transactions, if taken during the Term, will be based on Interim Value(s) and will trigger an Interim Value Calculation to your ILO Value. The Interim Value is calculated based on the value of a hypothetical portfolio of derivative financial instruments designed to replicate the value of the ILO Vintage if it were held until the end of the Term. We calculate the Interim Value of your investment in each ILO Vintage at the end of each Business Day between the Term Start Date and the Term End Date. The Interim Value fluctuates each Business Day independently of your Investment Base or Annual Period Value (if applicable), and the change, or adjustment, may be positive, negative, or zero compared to the last Business Day, even if the Index has increased in value. Changes to your Interim Value are not directly tied to the performance of the relevant Index, although Index performance impacts your Interim Value. You should also understand that the Interim Value for an ILO Vintage on a Business Day will not impact your principal investment in the ILO Vintage (the Investment Base) or the Annual Period Value (if applicable) unless a withdrawal, surrender, death benefit payment, or annuitization occurs during the Term on that Business Day. This means that the Interim Value calculated could be less than your investment in the ILO Vintage or your Annual Period Value even if the Index is performing positively, and may be less than the amount you would receive had you held the investment until the end of the Term. If you effect a withdrawal that is based on Interim Value, the withdrawal will reduce the Interim Value of your investment in the ILO Vintages by the amount requested (or for a net withdrawal, by the gross amount needed to provide the requested net amount). Any applicable surrender charge, taxes, and tax penalties will subsequently be deducted from the amount you receive from a withdrawal or surrender. Additionally, the withdrawal will reduce your ILO Investment Base in the same proportion that the Interim Value is reduced (rather than on a dollar-for-dollar basis) and will also proportionately reduce the Annual Period Value (if applicable) and death benefit (the “Interim Value Adjustment”). The Interim Value Adjustment to the Investment Base, Annual Period Value (if applicable), and death benefit may be greater than the dollar amount of the withdrawal, and will reduce the Investment Base and Annual Period Value for the remainder of the Term. The amount withdrawn or surrendered will not receive an ILO Credit. Generally, all other factors being equal, the earlier a surrender, withdrawal, death benefit payment or annuitization payment occurs during the Term, the lower the Interim Value will be. A negative Interim Value Calculation and Adjustment will decrease the amount available under your Contract in the ILO Vintages for transactions involving withdrawal, surrender, annuitization, and the death benefit. An Interim Value Calculation and Adjustment will impact your Contract Value (including your Cash Surrender Value, death benefit amount, and amount converted to an Annuity Option), but the reduction will not be deducted from the amount you receive if you take a partial withdrawal. You may contact us at our Service Center to obtain your Interim Value(s) for any ILO Vintage in which you are invested prior to initiating a transaction, although your Interim Value(s) may change by the time the transaction is executed. Withdrawals based on Interim Value may significantly reduce the value of any gains credited at the end of the Term because the dollar amount of the ILO Credit is calculated based on the Investment Base, which will be reduced proportionately by the withdrawal. The Interim Value Calculation and Adjustment could also result in a loss, and this loss may be greater than the loss that would be incurred on the Term End Date after the application of the Protection Level. The Interim Value Calculation and Adjustment could also result in lower gain than would be credited on the Term End Date after the application of the Crediting Strategy. Additionally, neither the Protection Level nor Crediting Strategy of the ILO will be applied to Interim Values. As such, when a transaction is processed based on the Interim Value of the ILO Vintages, there could be significantly less money available under your Contract for withdrawals, surrender, annuitization, and the death benefit. The Interim Value Calculation and Adjustment may result in a loss even if the Index is performing positively at the time of the transaction, and may be less than the amount you would have received had you held the investment until the end of the Term. If you use the Performance Lock feature to lock-in the Interim Value for all or a portion of an ILO Vintage and the Interim Value is lower than your Investment Base on the Term Start Date, you will lock-in a loss. If you use the Performance Lock feature to lock-in a portion of the Interim Value, the remaining Investment Base will be reduced proportionally based on the percentage of the Interim Value that was locked-in. The Interim Value Calculation and Adjustment could result in the loss of principal and previously-credited earnings in the Contract, and in extreme circumstances, such losses could be as high as 100%. To avoid an Interim Value Calculation and Adjustment to your ILO Value, you should schedule withdrawals and other transactions to fall on Term End Dates. Adjustment will impact your Contract Value (including your Cash Surrender Value, death benefit amount, and amount converted to an Annuity Option), but the reduction will not be deducted from the amount you receive if you take a partial withdrawal. FIXED ACCOUNT OPTION RISK The Guaranteed Rate for the Fixed Account Option will never be lower than the 0.50% Minimum Guaranteed Rate for the Fixed Account. The effective annual interest rate represents the rate of daily compounded interest over a 12-month period. You bear the risk that we will never declare a Guaranteed Rate for the Fixed Account Option that is higher than the Minimum Guaranteed Rate for the Fixed Account. CREDITING STRATEGY & PROTECTION LEVEL RISK ILOs Each ILO has an applicable Crediting Strategy and Protection Level that determines the positive, negative, or zero interest rate applied to your ILO Investment Base or Annual Period Value (if applicable) at the end of each Term or Annual Period (the “Adjusted Index Return”). For Point to Point ILOs, the Crediting Strategy and Protection Level only apply on the Term End Date. For SecureCap ILOs, the Crediting Strategy and Protection Level apply annually to determine the Annual Period Value at the end of each Annual Period. Crediting Strategy Risk If you invest in an ILO, positive Index Returns may be limited based on the applicable Crediting Strategy of the ILO. The Crediting Strategies may therefore limit any positive ILO Credit that may be applied to your Investment Base for a given Term. Because of the application of the Crediting Strategy, the Adjusted Index Return for a Term or Annual Period may be less than the positive Index Return. The Crediting Strategies benefit us because they limit the amount of positive interest that we may be obligated to credit for any Term. We set the Crediting Strategy rates each Term in our discretion, however, they will never be less than the Minimum Limits on Index Gain set forth in this Prospectus. You bear the risk that we will not set the Crediting Strategy rates higher than these minimums. Initial and renewal Crediting Strategy rates may vary depending on the Index, market conditions, Crediting Strategy type, Protection Level, Term length, or Contract Issue Date. SecureCap Risk If you have elected the 6-Year ILO with SecureCap, and the Annual Period Credit is negative at the end of an Annual Period, your Annual Period Value will be reduced by the amount of the Annual Period Credit and you will lock-in any loss for that Annual Period. Likewise, if the Annual Period Credit is positive for an Annual Period, you will lock-in any gain. Even if you receive a positive Annual Period Credit for one or more Annual Periods during the Term, your overall Annual Period Value may still be reduced by the end of the Term by any negative Annual Period Credit you may receive for other Annual Periods during that Term. Because the ILO Credit is determined at the end of the Term by subtracting the Investment Base from the final Annual Period Value, a lower Annual Period Value may result in a lower or negative ILO Credit at the end of the Term. Because of the cumulative impact of SecureCap, if you incur a loss during one Annual Period during a Term, it will reduce the Annual Period Value for the next Annual Period during the Term, which will reduce the value of any positive Annual Period Credit. A reduced Annual Period Value will ultimately reduce the value of any positive ILO Credit at the end of the Term, or result in a negative ILO Credit. In a continuing down market, over multiple years, cumulative losses could exceed the protection provided by the Buffer for any single Annual Period and you could lose nearly 100% of your ILO Value for the Term. For example, if the Buffer is 10%, in a continuing down market, you could lose more than 90% of your investment over several Annual Periods. The Annual Period Value is not available to you. Your ILO Value is the Interim Value until the Term End Date. If you take a withdrawal from a SecureCap ILO Vintage prior to the end of the Term, your withdrawal will be based on the Interim Value on the date of the withdrawal, and not the gains or losses locked-in for the completed Annual Periods during the Term. The Interim Value may be less than the Annual Period Value even if the Index is performing positively. Any gains or losses reflected in your Annual Period Value are not locked in or credited to your Investment Base until the Term End Date when the ILO Credit is applied. Additionally, any withdrawal taken prior to the end of the Term will reduce the Investment Base and Annual Period Value proportionally and may significantly reduce any positive ILO Credit at the end of the Term. You should consult with your financial professional about the appropriateness of taking withdrawals under the ILO Vintage before the end of a Term. Cap Rates. Positive interest credited to your ILO Value will be limited to the extent the Index Return exceeds the Cap Rate. If you allocate Contract Value to an ILO with a Cap Rate (including the Cap Rate with Participation Rate, Cap Rate with Dual Direction Buffer, Performance Mix, and Tiered Participation Rate with Cap Rate), or Cap Rate with SecureCap, the highest possible Adjusted Index Return that you may earn for a given Term or Annual Period is the Cap Rate. The Cap Rate is the maximum amount of positive interest that may be credited to your Investment Base on the Term End Date or to the Annual Period Value at the end of an Annual Period. As a result, you will only be credited with a maximum amount of interest even if the positive Index Return is much greater than that rate. Additionally, Cap Rates for ILOs with multi-year Terms (excluding the SecureCap ILOs) apply on a Point to Point basis. This means that the Cap Rate is applied to the Index Return for the entire Term, not on an annual basis. The Cap Rate with SecureCap is applied annually at the end of each Annual Period. Participation Rates and Tiered Participation Rates. For multi-year Terms, the Participation Rate and Tiered Participation Rates apply on a Point to Point basis. This means that the Participation Rate or Tiered Participation Rate is applied to the Index Return for the entire Term, not on an annual basis. Protection Level Risk Negative Index Returns may be limited by the applicable Protection Level for each ILO. Other than the 100% Buffer on the Term End Date, Protection Levels may provide only limited protection against negative Index performance. You may lose money. When you invest Contract Value in the ILOs, you bear the risk that negative Index performance may cause the Adjusted Index Return to be negative even after the application of the Protection Level. This would result in a negative ILO Credit and reduce your Investment Base by the amount of the ILO Credit. Additionally, the Protection Level may only provide downside protection only on the Term End Date, so your exposure to negative Index performance during a Term is greatest before the Term End Date, when your Protection Level will not apply to the Interim Value of an ILO Vintage. There are two types of Protection Levels that we use to limit negative Index Returns: Buffer Rates, and Dual Direction Buffer Rates. In the future, we may not offer ILOs with any other Protection Level other than a 10% Buffer. We do not guarantee a minimum Dual Direction Buffer Rate, and we do not guarantee that we will always offer ILOs with a Dual Direction Buffer. This Contract may not be appropriate for you if you intend to invest solely in ILOs with a Dual Direction Buffer. Protection Levels for ILOs with multi-year Terms apply on a Point to Point basis (excluding SecureCap ILOs). This means that the Buffer or Dual Direction Buffer is applied to the Index Return for the entire Term, and not on an annual basis. SecureCap ILOs will apply the Buffer Protection Level on an annual basis at the end of each Annual Period during the Term, although any gains or losses are not locked in or credited to your Investment Base until the Term End Date when the ILO Credit is applied. For each ILO, the Protection Level (e.g. Buffer, or Dual Direction Buffer) is set at Contract issue and will never change in future Contract Years as long as we continue to offer that ILO. We set Protection Level rates for each ILO at our discretion. Protection Level rates declared for future ILOs under this Contact may vary depending on the Index, market conditions, Crediting Strategy, and rates, the type of Protection Level, and the Term length. Assuming the same Index and Term length, an ILO that provides more protection from Index losses will generally tend to have less potential for Index gains; conversely, an ILO that provides less protection from Index losses will generally tend to have more potential for Index gains. Dual Direction Buffer Rates and Buffer Rates. The risk of loss may be significant with a Buffer ILO (including the Dual Direction Buffer) during times of steep market decline. For example, if the Index Return is -40%, and the Buffer Rate or Dual Direction Buffer Rate is 10%, your Adjusted Index return will be -30% (the amount that the negative Index Return exceeds the Buffer or Dual Direction Buffer Rate). ILOs with a Buffer Rate of 100% may be available for Purchase Payments and renewal allocations, offering full protection on the Term End Date in the event of market decline. Dual Direction Buffer. Because the absolute value of any negative Index Return up and including the Dual Direction Buffer Rate will be credited to your Investment Base as positive interest, a negative Index Return on the Term End Date that is slightly below or slightly above the Dual Direction Buffer Rate can result in very different ILO Credits. You will receive positive interest if the negative Index Return does not exceed the Dual Direction Buffer Rate, and you will receive negative interest if the negative Index Return exceeds the Dual Direction Buffer Rate on the Term End Date. Any negative Index Return in excess of the Dual Direction Buffer Rate will result in negative interest being credited to your Investment Base in the amount that the negative Index Return exceeds the Dual Direction Buffer Rate. For example, if the ILO Dual Direction Buffer Rate is 10%, and the negative Index Return is -10%, we will credit your Investment Base with 10%. However, if the negative Index Return is -10.01%, we will credit your Investment Base with -0.01%. The Cap Rate is the maximum amount of positive interest that may be credited to your Investment Base on the Term End Date or to the Annual Period Value at the end of an Annual Period. As a result, you will only be credited with a maximum amount of interest even if the positive Index Return is much greater than that rate. PERFORMANCE LOCK RISK You may exercise the Performance Lock feature for each ILO Vintage during a Term to “lock-in” all or a portion of the ILO Vintage’s Interim Value as of the Business Day the request is submitted. If you exercise the Performance Lock feature to lock-in a portion of the ILO Vintage’s Interim Value, you may exercise the Performance Lock multiple times for the ILO Vintage, provided that the minimum percentage allowed for a partial Performance Lock is 20% of the ILO Vintage’s Interim Value. The locked-in value will equal the Interim Value of the ILO Vintage calculated at the end of the Business Day that the Performance Lock is requested or AutoLock is processed. The maximum number of ILO Vintages that may be locked each Contract Year is 25. If you exercise Performance Lock for more than one ILO Vintage within an ILO, it is possible that the Interim Value of one ILO Vintage may have increased, while the Interim Value of another ILO Vintage may have decreased at the time the Performance Lock is exercised. With AutoLock, Interim Value will be locked-in automatically if the percentage increase of the Interim Value over the Investment Base meets or exceeds the Performance Lock Target Percentage that you set. Further, the Performance Lock Target Percentage that you set must be greater than 0% and less than the Cap Rate for the applicable ILO Vintage. There is a chance that the percentage increase of the Interim Value may never be reached during the Term, and AutoLock may not occur, even during a strong market performance. As a result, you may miss the opportunity to lock-in gains and benefit from additional index appreciation up to the Cap Rate that could have occurred if AutoLock were set at a lower Performance Lock Target Percentage or not used. If you set your Performance Lock Target Percentage close to the current Interim Value, Performance Lock may occur soon after establishing the AutoLock. The locked-in value will be credited with the Performance Lock Interest Rate beginning on the day following the day the Performance Lock was exercised until the next Contract Anniversary or until you exercise the Pre-Anniversary Transfer option. The minimum Performance Lock Rate will never be less than 0.05%. Once the Contract is issued, the minimum guaranteed interest rate for the Performance Lock Rate will not change. Exercising Performance Lock will terminate your ability to receive an ILO Credit or the application of the Crediting Strategy or Protection Level to mitigate any loss. Withdrawals will reduce the locked-in value. Any applicable surrender charge, taxes, and tax penalties will adjust the amount you receive from the withdrawal. Your decision to exercise Performance Lock, or the automatic exercise of Performance Lock through AutoLock is irrevocable. Once Performance Lock is exercised, the locked-in amount cannot be transferred into a new Term in the same ILO or a different ILO until the next Contract Anniversary, unless the Pre-Anniversary Transfer option is elected. Generally, the earlier in the Term that Performance Lock is exercised, the greater the potential difference between the locked-in value and the value that could be realized at the end of the Term. You will not be able to determine in advance the Interim Value that will be locked-in prior to your manual Performance Lock request, or that your ILO will reach its Performance Lock Target Percentage for an AutoLock. You bear the risk that the Interim Value that is locked in will be lower than the Interim Value you last obtained, and lower than the potential ILO Value you would receive at the end of the Term, and the difference could be significant. If the Performance Lock feature is exercised at a time when your Interim Value has declined, you will lock-in any loss. It is possible that you would have realized less of a loss or no loss if Performance Lock occurred, at a later time, or if the ILO Vintage was not locked. There may not be an optimal time to exercise the Performance Lock feature. It may be better for you if the Performance Lock feature is not exercised during a Term. For SecureCap ILOs, the Interim Value and Annual Period Value are separate and distinct values. A Performance Lock “locks in” the Interim Value, which may be less than the current Annual Period Value at the time the Performance Lock is exercised, even if the Index is performing positively. The Annual Period Value is not available to you. Your ILO Value is the Interim Value until the Term End Date. Any gains or losses reflected in your Annual Period Value are not locked in or credited to your Investment Base until the Term End Date. We will not advise you as to whether or when you should or should not exercise the Performance Lock, and we are not responsible for any losses that may occur due to your decision to exercise this feature. Pre-Anniversary Transfer Option. The Pre-Anniversary Transfer option is available from any ILO Vintage where Performance Lock has been exercised. After Performance Lock is exercised, the reallocation value must be the full Performance Lock Value. This value may be reallocated into any Interest Crediting Option with the exception of any Performance Mix or SecureCap ILO, or the Fixed Account Option. There may not be an optimal time to exercise the Pre-Anniversary Transfer Option. It may be better for you to earn the Performance Lock Rate until the Contract Anniversary. Your investment in ILO Vintages as a result of Pre-Anniversary Transfer are subject to rates in effect as of the date of the Pre-Anniversary Transfer. The creation of a new ILO Term does not guarantee higher crediting rates than the locked ILO Vintage. This means that you may receive less favorable rates than you would have received if you had remained in the ILO Vintage until the next Contract Anniversary. When you exercise the Pre-Anniversary Transfer option, the remaining number of days in the Contract Year will be added to the ILO Term, so the ILO Term for the new ILO Vintage will be longer than if you started an ILO Vintage on a Contract Anniversary, but the Crediting Method and Protection Level will be the same as for an ILO Term that begins on the Contract Anniversary. If you elect Pre-Anniversary Transfer, any positive performance of your ILO Vintage over the ILO Term will be limited by a Crediting Method normally applied to a shorter ILO Term, and you will be subject to negative performance with only the Protection Level normally applied to a shorter ILO Term. Your risk exposure for the ILO Term may be greater than for an ILO Vintage with a standard ILO Term. The maximum number of ILO Vintages that may be locked each Contract year is 25. After the 25th ILO Vintage has been locked in a Contract Year, no other ILO Vintage can be locked until the following Contract Year, limiting your ability to exercise the Pre-Anniversary Transfer option. This limitation means you may not be able to take advantage of any increases to the initial or renewal rates that would apply to a new ILO Vintage, or any advantageous changes to Index Values that would have occurred during the new ILO Vintage. This may limit your potential returns. You should contact us at our Service Center to obtain your Interim Value(s) and speak to your financial professional before exercising Performance Lock or the Pre-Anniversary Transfer Option, although your Interim Value(s) may change by the time Performance Lock is exercised. AVAILABILITY OF INDEXES AND INDEX-LINKED OPTIONS We reserve the right to add or remove an ILO or Index, subject to applicable regulatory approvals. We reserve the right to stop offering any of the ILOs to new and existing Contracts, and to close any of the ILOs to new transfers at the end of a Term. We may change the Crediting Strategy rates and Protection Level rates subject to the stated Minimum Limit on Index Gain or maximum rates. There is no guarantee that a particular ILO will be available during the entire time that you own your Contract (other than the 1-year S&P 500® with Cap Rate with Participation Rate and 10% Buffer ILO). If we decide to discontinue offering any ILOs or Indexes, we will amend this Prospectus. An ILO that is currently available may not be available for transfers from other Interest Crediting Options or reallocations of Contract Value into the same ILO for a new Term, or may be closed to new Contract issues. If you reallocate into the same ILO for a consecutive Term, the ILO’s underlying Index or features may have changed, or the ILO may no longer be available for investment. If your desired ILO is not available for investment, and you do not provide timely transfer instructions to us, you will be automatically reallocated the Fixed Account, which may not be acceptable to you. The 1-year S&P 500® with Cap Rate with Participation Rate and 10% Buffer ILO, in addition to the Fixed Account Option, will always be available under your Contract. The Cap Rate for this ILO is subject to a Minimum Limit on Index Gain of 2% and the Minimum Participation Rate of 100% for the life of this Contract. We reserve the right to stop offering all but one ILO (the 1-year S&P 500® with Cap Rate with Participation Rate and 10% Buffer ILO) in addition to the Fixed Account Option. In the future, this means that we may not offer ILOs with any other Protection Level other than a 10% Buffer and any other Crediting Strategy other than a Cap Rate with Participation Rate. We do not guarantee a minimum Dual Direction Buffer Rate, and we do not guarantee that we will always offer ILOs with a Dual Direction Buffer. If we stop offering all but one ILO (the 1-year S&P 500® with Cap Rate with Participation Rate and 10% Buffer ILO), you will be limited to investing in only one ILO and the Fixed Account Option. The terms and features of that ILO may not meet your investment objectives or be suitable for your financial goals, and this Contract may not be appropriate for you if you intend to invest solely in ILOs with a Dual Direction Buffer. In the future, any ILOs we offer (in addition to the 1-year S&P 500® with Cap Rate with Participation Rate and 10% Buffer ILO) will always have some level of downside protection, but we do not guarantee a minimum level. If you are not satisfied with the available ILOs, you may choose to surrender your Contract, but you may be subject to surrender charges, taxes, and tax penalties, and the calculation of the surrender amount based on Interim Value if the surrender is made before the end of a Term. If you purchase another retirement vehicle, it may have different features, fees, and risks than the Contract. Discuss with your financial professional whether the Contract is appropriate for you given our right to make such changes to the available ILOs. If we add or remove an Index (as opposed to replacing an Index with another Index), the changes will not be effective for your Contract until the start of the next Term. We may remove or replace an Index if it is discontinued, if the calculation of the Index is substantially changed by the Index provider, if Index values become unavailable for any reason, if hedging instruments become difficult to acquire or the cost of hedging becomes excessive, or if its investment objectives, strategies, or risks substantially change. The new Index may not be desirable to you. If we substitute an Index, we will select a new Index that we determine in our judgment is comparable to the original Index, however, the performance of the new Index may differ from the original Index. The Index Return for the new Index will be utilized when determining the ILO Credit on the Term End Date even if the Index is substituted near the end of the Term. This may negatively affect the interest that you earn during that Term. You may receive a greater loss or lower gain than if we continue to use the original Index for the entire Term. We may replace an Index at any time during a Term. If we replace an Index during a Term, the ILO Crediting Strategy and Protection Level will not change. We will notify you in writing prior to replacing an Index. You will have no right to reject the replacement of an Index, and if you do not exercise Performance Lock and elect Pre-Anniversary Transfer, you will not be permitted to transfer ILO Value until the end of a Term even if we replace the Index during the Term. If we substitute an Index and you do not wish to remain invested in the relevant ILO for the remainder of the Term, your only options will be to withdraw the ILO Value or surrender the Contract, or exercise the Performance Lock feature and transfer your ILO Value on the next Contract Anniversary or sooner under the Pre-Anniversary Transfer option. All of these options will trigger an Interim Value Calculation, and taking a withdrawal or surrender may cause you to incur surrender charges, taxes, and tax penalties. We may remove or replace an Index if it is discontinued, if the calculation of the Index is substantially changed by the Index provider, if Index values become unavailable for any reason, if hedging instruments become difficult to acquire or the cost of hedging becomes excessive, or if its investment objectives, strategies, or risks substantially change. The new Index may not be desirable to you. If we substitute an Index, we will select a new Index that we determine in our judgment is comparable to the original Index, however, the performance of the new Index may differ from the original Index. INVESTMENT RISKS FOR THE MARKET INDEXES Investing in the ILOs will subject you to risks related to the Indexes (which may be a market index or exchange-traded fund (“ETF”), such as the following: No Dividends. Each Index is a price return index, not a total return index, and therefore its performance does not reflect any dividends or distributions paid by the Index’s component companies. This will reduce the Index Return and will cause the Index to underperform a direct investment in the securities composing the Index. If dividends and other distributions were included, the Index performance would be higher. No Rights in the Index. An investment in an ILO is not an investment in the Index or in the securities tracked by the Index. You have no voting, liquidation, or other rights with respect to the Index, its publisher, or any of the component companies. Index Performance. An investment in the Contract is subject to the risk of poor investment performance of the ILOs you select. If you allocate money to an ILO, the value of your investment depends in part on the performance of the applicable Index. You could lose a significant amount of money if the Index of an ILO declines in value. The performance of an Index is based on changes in the values of the securities or other instruments that comprise or define the Index. The securities and instruments comprising or defining the Indexes are subject to a variety of investment risks that you are indirectly exposed to. These risks may affect capital markets generally, specific market segments, or specific issuers. The performance of the Indexes may fluctuate, sometimes rapidly and unpredictably. Negative Index performance may cause you to realize losses, which may be significant. The historical performance of an Index or an ILO does not guarantee future results. Because we measure Index performance from the Term Start Date to the Term End Date, or from one Contract Anniversary to the next Contract Anniversary for a SecureCap ILO Term, you bear the risk that the Index Return may be negative or zero at the end of a Term or Annual Period, even if the Index performed positively at times. • Market Risk. Market risk is the risk that short-term market movements may cause the value of an Index to fluctuate, sometimes rapidly and unpredictably. Index performance could decrease over longer periods of time during more prolonged market downturns. Market changes can result from disasters and other events, such as storms, earthquakes, fires, outbreaks of infectious diseases, utility failures, terrorist acts, political and social developments, and military and governmental actions. • Issuer Risk. Issuer risk is the risk that Index performance may decline for reasons directly related to the issuer, as opposed to the market generally. Changes in the financial condition or credit rating of an issuer of the securities that make up an Index may cause the Index performance to decline. • ETF Risks. When you allocate Contract Value to an ILO that is linked to the performance of an ETF, you are not investing in the ETF. Index-based ETFs seek to track the investment results of a specific market index and are not actively managed. Due to a variety of factors, including the fees and expenses associated with an ETF, an ETF’s performance may not fully replicate or may, in certain circumstances, diverge significantly from the performance of the underlying index. This potential divergence between the ETF and the specific market index is known as tracking error. Although we believe that we will be viewed as the owner of the Index Strategy for tax purposes, there is no legal guidance to indicate how the IRS might view access to an ETF-linked ILO coupled with frequent transfers among the Interest Crediting Options. Negative Index performance may cause you to realize losses, which may be significant. INDEX RISKS S&P 500® Index. This Index is comprised of equity securities issued by large-capitalization U.S. companies. In general, large-capitalization companies may be unable to respond quickly to new competitive challenges, and may not be able to attain the high growth rate of successful smaller companies. MSCI EAFE Index. This Index is designed to follow the performance of large- and mid-capitalization companies across 21 developed markets around the world excluding the U.S. and Canada. Political, social and economic developments abroad and differences between the regulations and reporting standards and practices to which foreign issuers are subject as compared to U.S. issuers may affect the Index Performance. In addition, to the extent the component securities are denominated in foreign currencies, their values may be subject to risks related to changes in currency exchange rates. Risks of investing in foreign securities are generally increased by investing in emerging market countries. First Trust Growth Strength Net Fee Index. This Index provides exposure to a mix of U.S. common stocks and real estate investment trusts (“REITs”) and has significant exposure to health care and information technology companies. The First Trust Growth Strength Net Fee Index deducts a fee when calculating Index performance. This will reduce the Index Return and will cause the Index to underperform a direct investment in the securities composing the Index. • REIT Risk. REITs typically own and operate income-producing real estate, such as residential or commercial buildings, or real- estate related assets, including mortgages. As a result, investments in REITs are subject to the risks associated with investing in real estate, which may include, but are not limited to: fluctuations in the value of underlying properties; defaults by borrowers or tenants; market saturation; changes in general and local operating expenses; and other economic, political or regulatory occurrences affecting companies in the real estate sector. REITs are also subject to the risk that the real estate market may experience an economic downturn generally, which may have a material effect on the real estate in which the REITs invest and their underlying portfolio securities. REITs may have also a relatively small market capitalization which may result in their shares experiencing less market liquidity and greater price volatility than larger companies. Increases in interest rates typically lower the present value of a REIT’s future earnings stream, and may make financing property purchases and improvements more costly. Because the market price of REIT stocks may change based upon investors’ collective perceptions of future earnings, the value of the Fund will generally decline when investors anticipate or experience rising interest rates. • Health Care Companies Risk. Health care companies, such as companies providing medical and healthcare goods and services, companies engaged in manufacturing medical equipment, supplies and pharmaceuticals, as well as operating health care facilities and the provision of managed health care, may be affected by government regulations and government health care programs, increases or decreases in the cost of medical products and services and product liability claims, among other factors. Many health care companies are heavily dependent on patent protection, and the expiration of a company’s patent may adversely affect that company’s profitability. Health care companies are also subject to competitive forces that may result in price discounting, may be thinly capitalized and susceptible to product obsolescence. • Information Technology Companies Risk. Information technology companies produce and provide hardware, software and information technology systems and services. These companies may be adversely affected by rapidly changing technologies, short product life cycles, fierce competition, aggressive pricing and reduced profit margins, the loss of patent, copyright and trademark protections, cyclical market patterns, evolving industry standards and frequent new product introductions. In addition, information technology companies are particularly vulnerable to federal, state and local government regulation, and competition and consolidation, both domestically and internationally, including competition from foreign competitors with lower production costs. Information technology companies also heavily rely on intellectual property rights and may be adversely affected by the loss or impairment of those rights. Invesco QQQ ETF (QQQ). This Index references the performance of Invesco QQQ ETF, which is an exchange-traded fund that seeks to track the performance on the Nasdaq-100 Index®. The Nasdaq-100 Index® includes 100 of the largest domestic and international nonfinancial companies listed on the Nasdaq Stock Market based on market capitalization. In general, large- capitalization companies may be unable to respond quickly to new competitive challenges and may not be able to attain the high growth rate of successful smaller companies. The Invesco QQQ ETF’s performance may be impacted by a number of other factors, and there is no guarantee that the ETF’s performance will match the returns of the Nasdaq-100 Index®. iShares® Russell 2000 ETF (IWM). This Index references the performance of the iShares® Russell 2000 ETF, which is an exchange- traded fund that seeks to track the investment results of the Russell 2000 Index, an index composed of small-capitalization U.S. equities. The Russell 2000 Index measures the performance of the small capitalization sector of the U.S. equity market, as defined by FTSE Russell. Compared to mid- and large-capitalization companies, small-capitalization companies may be less stable and more susceptible to adverse developments. The securities of small-capitalization companies may be more volatile and less liquid than those of mid- and large-capitalization companies. As a result, the Index’s performance may be more volatile than that of an index with greater focus on large- or mid-capitalization stocks. RETURN OF PURCHASE PAYMENTS DEATH BENEFIT RIDER RISK Once purchased, the ROP Death Benefit Rider may not be voluntarily terminated by the Contract Owner. Rider charges are ongoing and will be deducted on each Contract Anniversary. Rider charges deducted from the ILO Vintages on a Term End Date and from the Fixed Account will reduce the Contract Value by the amount of the charge in the same manner as any other withdrawal. Rider charges deducted from a multi-year ILO Vintage on a Contract Anniversary prior to the Term End Date will trigger an Interim Value Calculation and an Interim Value Adjustment to the Investment Base and Annual Period Value (if applicable). Rider charges assessed on a Term End Date will be assessed after the application of the ILO Credit. Accordingly, the ILO Credit will be reduced by the deduction of Rider charges. All withdrawals will reduce the Rider benefit, perhaps significantly, and/or could terminate the benefit if the Contract Value is reduced to zero. For any portion of the Contract Value allocated to an ILO Vintage, the Death Benefit Amount will be based on Interim Value(s) if the death benefit is paid before the end of a Term. As noted above, the ROP Death Benefit Rider charge may be deducted from the ILO Vintages on a date prior to the Term End Date. The ongoing deduction of the Rider charge on such a date may have an adverse effect on values and benefits under the Contract. If you intend to elect the ROP Death Benefit Rider, you should consult with a financial professional to discuss whether the Rider or this Contract is appropriate for you. In the future, we may stop offering the Rider to new purchasers. The Rider may not be available through your financial professional. You may obtain information about the optional benefits that are available to you by contacting your financial professional. INSURANCE COMPANY RISKS Pacific Life is a life insurance company domiciled in Nebraska. Along with our subsidiaries and affiliates, our operations include life insurance, annuity, mutual funds, broker-dealer operations, and investment advisory services. Our executive office is located at 700 Newport Center Drive, Newport Beach, California 92660. Investment in the Contract is subject to the risks related to us, and any obligations (including under the Fixed Account Option and the ILOs), guarantees, or benefits of the Contract are subject to our claims-paying ability and financial strength. You should look to our financial strength with regard to such guarantees. Your financial professional’s firm is not responsible for any Contract guarantees. If we experience financial distress, we may not be able to meet our obligations to you. More information about us, including our financial strength ratings, is available upon request by calling (800) 722-4448 or visiting our website at www.PacificLife.com. The assets supporting the ILOs are held in a non-registered, non-insulated separate account established under Nebraska insurance law for the purpose of supporting our obligations under the Contract. These assets are subject to the claims of our creditors. Therefore, the benefits provided under the ILOs are subject to the claims-paying ability of Pacific Life. You may obtain information about our financial condition by reviewing our financial statements included in this Prospectus. We reserve the right to add or remove an ILO or Index, subject to applicable regulatory approvals; stop offering an ILO for investment at the end of a Term; change the Crediting Strategy rates and Protection Level rates of the ILOs available under the Contract, subject to the stated Minimum Limit on Index Gain or maximum rates and the terms described in this prospectus; and impose investment or transfer limitations, as described in this prospectus. Additional Purchase Payments after the initial Purchase Payment are not permitted, except for transfers from other financial products requested at the time the investor's Contract application is submitted and transferred within 60 days after the Contract Issue Date (“Subsequent Purchase Payments”). See TRANSFER AND REALLOCATION LIMITATIONS, CREDITING STRATEGY AND PROTECTION LEVEL RISK, and AVAILABILITY OF INDEXES AND INDEX-LINKED OPTIONS in this section for more information. You bear the risks relating to any material reservation of rights. CYBERSECURITY AND BUSINESS CONTINUITY RISKS Our business relies heavily on the effective operation of our computer systems and networks, as well as those of our business partners and service providers. Consequently, we are potentially susceptible to operational and information security risks associated with the technologies, processes and procedures designed to protect networks, systems, computers, programs and information from cyber-attacks, operational failure, AI misuse, damage or unauthorized access. These risks include but are not limited to theft, loss, misuse, corruption and destruction of information maintained online or digitally, denial of service on websites and other operational failures, and unauthorized disclosure of confidential, proprietary and customer information. Cyber-attacks affecting us, any third-party administrator, the Indexes or Index issuers, intermediaries, and other affiliated or third-party service providers may adversely affect us and your Contract Value. For instance, cyber-attacks or operational incidents may interfere with Contract transaction processing, including the processing of orders from our website; impact our ability to calculate Index Return or the ILO Credit; cause the disclosure and possible destruction of confidential, proprietary and customer information; impede order processing; subject us and/or our service providers and intermediaries to regulatory fines, litigation, loss of business, financial losses and reputational damage. Cybersecurity risks may also impact the issuers of securities that comprise the Indexes, which may cause the Indexes underlying the ILOs to lose value. The digitization, increased information availability, use of new and constantly evolving technologies, the increased sophistication and severity of cyber campaigns, and the heightened geopolitical risks and threats, continue to pose new and significant cybersecurity and operational risks and threats. While measures and controls have been adopted and are periodically reviewed and updated to mitigate cybersecurity and operational risks, there can be no guarantee or assurance that we, the Indexes or Index issuers, or our service providers will not suffer losses affecting your Contract due to cyber-attacks, operational incidents, misuse of AI, or information security breaches in the future. We are also exposed to risks related to natural and man-made disasters or other events, including (but not limited to) earthquakes, fires, floods, storms, epidemics and pandemics (such as COVID-19), geopolitical tensions, armed conflicts, wars, terrorist acts, civil unrest, malicious acts and/or other events that could adversely affect our ability to conduct business. The risks from such events are common to all insurers. To mitigate such risks, we have business continuity plans in place that include remote workforces, remote system and telecommunication accessibility, and other plans to ensure availability of critical resources and business continuity during an event. Such events can also have an adverse impact on financial markets, U.S. and global economies, service providers, and index performance for the Indexes underlying the ILOs available through your Contract. There can be no assurance that we, the Indexes or Index issuers, or our service providers will avoid such adverse impacts due to such events and some events may be beyond control and cannot be fully mitigated or foreseen. BENEFITS AVAILABLE UNDER THE CONTRACT The following tables summarize information about the benefits available under the Contract. Certain Contract features and benefits described in this Prospectus may vary or may not be available depending on the broker-dealer through which your Contract is sold. See APPENDIX E: FINANCIAL INTERMEDIARY VARIATIONS in this Prospectus for more information. <table cellpadding="2" style="border-collapse:collapse; border-spacing: 0px;" width="100%"> <tr style="font-size:1pt;"> <td style="width:25.09%;"> </td> <td style="width:30.18%;"> </td> <td style="width:44.73%;"> </td></tr> <tr> <td colspan="3" style=" vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000; border-top:0.5pt; border-top-style:solid; border-top-color:#000000; border-left:0.5pt; border-left-style:solid; border-left-color:#000000; border-right:0.5pt; border-right-style:solid; border-right-color:#000000; font-size:1pt;"> Standard Benefits (No Additional Charge)</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000; border-top:0.5pt; border-top-style:solid; border-top-color:#000000; border-left:0.5pt; border-left-style:solid; border-left-color:#000000; border-right:0.5pt; border-right-style:solid; border-right-color:#000000;"> Name of Benefit</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000; border-top:0.5pt; border-top-style:solid; border-top-color:#000000; border-left:0.5pt; border-left-style:solid; border-left-color:#000000; border-right:0.5pt; border-right-style:solid; border-right-color:#000000;"> Purpose</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000; border-top:0.5pt; border-top-style:solid; border-top-color:#000000; border-left:0.5pt; border-left-style:solid; border-left-color:#000000; border-right:0.5pt; border-right-style:solid; border-right-color:#000000;"> Brief Description of Restriction/Limitations</td></tr> </table> <table cellpadding="2" style="border-collapse:collapse; border-spacing: 0px;" width="100%"> <tr style="font-size:1pt;"> <td style="width:26.71%;"> </td> <td style="width:32.12%;"> </td> <td style="width:41.18%;"> </td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000; border-top:0.5pt; border-top-style:solid; border-top-color:#000000; border-left:0.5pt; border-left-style:solid; border-left-color:#000000; border-right:0.5pt; border-right-style:solid; border-right-color:#000000; font-size:1pt;"> Standard Death Benefit</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000; border-top:0.5pt; border-top-style:solid; border-top-color:#000000; border-left:0.5pt; border-left-style:solid; border-left-color:#000000; border-right:0.5pt; border-right-style:solid; border-right-color:#000000;"> Provides a death benefit equal to (1) the Contract Value; or (2) the greater of (a) the Contract Value or (b) the Total Adjusted Purchase Payments.</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000; border-top:0.5pt; border-top-style:solid; border-top-color:#000000; border-left:0.5pt; border-left-style:solid; border-left-color:#000000; border-right:0.5pt; border-right-style:solid; border-right-color:#000000;"> ● Only available during the accumulation phase. ● If any Contract Owner (or Annuitant) is over age 80 on the Contract Issue Date, the death benefit is equal to the Contract Value. ● Death Benefit Amount will be based on Interim Values if paid from the ILO Vintages before a Term End Date. ● Withdrawals will reduce the death benefit, perhaps significantly. ● State variations may apply.</td></tr> </table> <table cellpadding="2" style="border-collapse:collapse; border-spacing: 0px;" width="100%"> <tr style="font-size:1pt;"> <td style="width:26.71%;"> </td> <td style="width:32.12%;"> </td> <td style="width:41.18%;"> </td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000; border-top:0.5pt; border-top-style:solid; border-top-color:#000000; border-left:0.5pt; border-left-style:solid; border-left-color:#000000; border-right:0.5pt; border-right-style:solid; border-right-color:#000000; font-size:1pt;"> Preauthorized Withdrawals</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000; border-top:0.5pt; border-top-style:solid; border-top-color:#000000; border-left:0.5pt; border-left-style:solid; border-left-color:#000000; border-right:0.5pt; border-right-style:solid; border-right-color:#000000;"> Permits automatic withdrawals from the Contract on a monthly, quarterly, semi-annual, or annual basis</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000; border-top:0.5pt; border-top-style:solid; border-top-color:#000000; border-left:0.5pt; border-left-style:solid; border-left-color:#000000; border-right:0.5pt; border-right-style:solid; border-right-color:#000000;"> ● Only available during the accumulation phase. ● Withdrawals will reduce the Contract Value and the death benefit, perhaps significantly. ● Withdrawals from the ILO Vintages during a Term will trigger an Interim Value adjustment. ● Withdrawals may be subject to surrender charges, taxes, and tax penalties. ● You should consult a financial professional if you intend to take preauthorized withdrawals from an ILO Vintage before the Term End Date.</td></tr> </table> <table cellpadding="2" style="border-collapse:collapse; border-spacing: 0px;" width="100%"> <tr style="font-size:1pt;"> <td style="width:26.71%;"> </td> <td style="width:32.12%;"> </td> <td style="width:41.18%;"> </td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000; border-top:0.5pt; border-top-style:solid; border-top-color:#000000; border-left:0.5pt; border-left-style:solid; border-left-color:#000000; border-right:0.5pt; border-right-style:solid; border-right-color:#000000; font-size:1pt;"> Free Withdrawal Amount</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000; border-top:0.5pt; border-top-style:solid; border-top-color:#000000; border-left:0.5pt; border-left-style:solid; border-left-color:#000000; border-right:0.5pt; border-right-style:solid; border-right-color:#000000;"> Permits withdrawal of a portion of your aggregate Purchase Payments or Contract each year without incurring a surrender charge .</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000; border-top:0.5pt; border-top-style:solid; border-top-color:#000000; border-left:0.5pt; border-left-style:solid; border-left-color:#000000; border-right:0.5pt; border-right-style:solid; border-right-color:#000000;"> ● Only available during the accumulation phase. ● During the surrender charge period, the annual free withdrawal amount is 10% of the aggregate Purchase Payments. ● Withdrawals will reduce the Contract Value and the death benefit, perhaps significantly. ● Free withdrawal amounts from the ILO Vintages during a Term will trigger an Interim Value Calculation and Adjustment. ● Free withdrawal amounts may be subject to taxes and tax penalties.</td></tr> </table> <table cellpadding="2" style="border-collapse:collapse; border-spacing: 0px;" width="100%"> <tr style="font-size:1pt;"> <td style="width:26.71%;"> </td> <td style="width:32.12%;"> </td> <td style="width:41.18%;"> </td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000; border-top:0.5pt; border-top-style:solid; border-top-color:#000000; border-left:0.5pt; border-left-style:solid; border-left-color:#000000; border-right:0.5pt; border-right-style:solid; border-right-color:#000000; font-size:1pt;"> Nursing Home Waiver</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000; border-top:0.5pt; border-top-style:solid; border-top-color:#000000; border-left:0.5pt; border-left-style:solid; border-left-color:#000000; border-right:0.5pt; border-right-style:solid; border-right-color:#000000;"> Waives the surrender charge on withdrawals and surrenders in the event the Contract Owner (or Annuitant) is confined to an accredited nursing home.</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000; border-top:0.5pt; border-top-style:solid; border-top-color:#000000; border-left:0.5pt; border-left-style:solid; border-left-color:#000000; border-right:0.5pt; border-right-style:solid; border-right-color:#000000;"> ● Only available during the accumulation phase. ● Withdrawals and surrenders must be made after 90 calendar days from the Contract Issue Date. ● Period of confinement must be at least 30 days. ● Waiver applies for a maximum of 90 calendar days after the Contract Owner (or Annuitant) leaves the nursing home. ● Nursing home must be “accredited” as defined by the benefit. ● Nursing home confinement period must begin after the Contract Issue Date. ● Withdrawals will reduce the Contract Value and the death benefit, perhaps significantly. ● Withdrawals and surrenders from the ILO Vintages during a Term will trigger an Interim Value Calculation and Adjustment. ● Withdrawals may be subject to taxes and tax penalties.</td></tr> </table> <table cellpadding="2" style="border-collapse:collapse; border-spacing: 0px;" width="100%"> <tr style="font-size:1pt;"> <td style="width:26.71%;"> </td> <td style="width:32.12%;"> </td> <td style="width:41.18%;"> </td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000; border-top:0.5pt; border-top-style:solid; border-top-color:#000000; border-left:0.5pt; border-left-style:solid; border-left-color:#000000; border-right:0.5pt; border-right-style:solid; border-right-color:#000000; font-size:1pt;"> Terminal Illness Waiver</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000; border-top:0.5pt; border-top-style:solid; border-top-color:#000000; border-left:0.5pt; border-left-style:solid; border-left-color:#000000; border-right:0.5pt; border-right-style:solid; border-right-color:#000000;"> Waives the surrender charge on withdrawals and surrenders in the event the Contract Owner (or Annuitant) is diagnosed with a Terminal Illness.</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000; border-top:0.5pt; border-top-style:solid; border-top-color:#000000; border-left:0.5pt; border-left-style:solid; border-left-color:#000000; border-right:0.5pt; border-right-style:solid; border-right-color:#000000;"> ● Only available during the accumulation phase. ● Withdrawals and surrenders must be made after the 1st Contract Anniversary. ● Contract Owner (or Annuitant) must be diagnosed by a terminal illness as defined by the benefit. ● Withdrawals will reduce the Contract Value and the death benefit, perhaps significantly. ● Withdrawals and surrenders from the ILO Vintages during a Term will trigger an Interim Value Calculation and Adjustment. ● Withdrawals may be subject to taxes and tax penalties.</td></tr> </table> <table cellpadding="2" style="border-collapse:collapse; border-spacing: 0px;" width="100%"> <tr style="font-size:1pt;"> <td style="width:26.71%;"> </td> <td style="width:32.12%;"> </td> <td style="width:41.18%;"> </td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000; border-top:0.5pt; border-top-style:solid; border-top-color:#000000; border-left:0.5pt; border-left-style:solid; border-left-color:#000000; border-right:0.5pt; border-right-style:solid; border-right-color:#000000; font-size:1pt;"> Performance Lock</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000; border-top:0.5pt; border-top-style:solid; border-top-color:#000000; border-left:0.5pt; border-left-style:solid; border-left-color:#000000; border-right:0.5pt; border-right-style:solid; border-right-color:#000000;"> Permits you to “lock-in” the Interim Value of all or a portion of an ILO Vintage before the Term End Date.</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000; border-top:0.5pt; border-top-style:solid; border-top-color:#000000; border-left:0.5pt; border-left-style:solid; border-left-color:#000000; border-right:0.5pt; border-right-style:solid; border-right-color:#000000;"> ● Only available during the accumulation phase. ● Instructions may be provided in Proper Form on any day after the Term Start Date and prior to the Term End Date. ● The minimum portion of an ILO Vintage that you may lock in is 20% of the Interim Value for that vintage. ● Exercise of Performance Lock is irrevocable. ● AutoLock is not currently available. Manual Performance Lock remains available. ● AutoLock is not available on any SecureCap ILO. ● A portion of an ILO Vintage may be locked more than once, subject to the maximum number of ILO Vintages that may be locked. ● The maximum number of ILO Vintages that may be locked (partial or full) each Contract Year is 25. ● The locked-in value will be the Interim Value of the ILO Vintage or portion thereof (not the Annual Period Value for a SecureCap ILO). ● Unless you elect the Pre-Anniversary Transfer option, the locked-in amount will be credited with the Performance Lock Rate, which could be as little as 0.05%, until the next Contract Anniversary. ● The locked-in amount will not receive an ILO Credit or the application of the Protection Level. ● Withdrawals will reduce the locked-in value by the amount requested. ● You will be unable to determine in advance the Interim Value to be locked-in prior to exercise of a manual request or that your ILO Vintage reached its Performance Lock Target Percentage for an AutoLock. ● We may discontinue, suspend, or otherwise limit the availability of Performance Lock feature, AutoLock and/or the Pre-Anniversary Transfer option at any time.</td></tr> </table> <table cellpadding="2" style="border-collapse:collapse; border-spacing: 0px;" width="100%"> <tr style="font-size:1pt;"> <td style="width:26.71%;"> </td> <td style="width:32.12%;"> </td> <td style="width:41.18%;"> </td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000; border-top:0.5pt; border-top-style:solid; border-top-color:#000000; border-left:0.5pt; border-left-style:solid; border-left-color:#000000; border-right:0.5pt; border-right-style:solid; border-right-color:#000000; font-size:1pt;"> Pre-Anniversary Transfer</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000; border-top:0.5pt; border-top-style:solid; border-top-color:#000000; border-left:0.5pt; border-left-style:solid; border-left-color:#000000; border-right:0.5pt; border-right-style:solid; border-right-color:#000000;"> A feature of Performance Lock that permits you to reallocate the full Performance Lock Value into a new ILO Vintage prior to a Contract Anniversary.</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000; border-top:0.5pt; border-top-style:solid; border-top-color:#000000; border-left:0.5pt; border-left-style:solid; border-left-color:#000000; border-right:0.5pt; border-right-style:solid; border-right-color:#000000;"> ● Only available with Performance Lock. ● Reallocation is not available to any Performance Mix, SecureCap, or Fixed Account Option Interest Crediting Options. ● The reallocation value must be the full Performance Lock Value. ● A Pre-Anniversary Transfer and subsequent Purchase Payment may not process on the same Business Day. ● Pre-Anniversary Transfer may not be processed on a Contract Anniversary. ● ILO Terms started as a result of Pre-Anniversary Transfer are subject to renewal rates in effect as of the date of the new ILO Term Start Date. ● The number of days remining in the current Contract Year will be added to the ILO Term(s) selected. ● Extension of the ILO Term does not result in a different crediting rate for the ILO that is selected. ● We may suspend, cancel or limit offering the Pre-Anniversary Transfer option at any time.</td></tr> </table> <table cellpadding="2" style="border-collapse:collapse; border-spacing: 0px;" width="100%"> <tr style="font-size:1pt;"> <td style="width:19.45%;"> </td> <td style="width:.53%;"> </td> <td style="width:20.01%;"> </td> <td style="width:20.54%;"> </td> <td style="width:2.8%;"> </td> <td style="width:36.61%;"> </td> <td style="width:.06%;"> </td></tr> <tr> <td colspan="6" style=" vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20; font-size:1pt;"> Optional Benefits (Additional Charges Apply)</td> <td style="font-size:1pt;"> </td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Name of Benefit</td> <td colspan="2" style=" vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Purpose</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Maximum Fee</td> <td colspan="2" style=" vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Brief Description of Restrictions/Limitations</td> <td style="font-size:1pt;"> </td></tr> <tr> <td colspan="2" style=" vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Return of Purchase Payments Death Benefit Rider</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Provides a death benefit equal to the greater of (a) the Contract Value or (b) the Total Adjusted Purchase Payments for Contract Owners (or Annuitants) age 81 – 85 on the Contract Issue Date.</td> <td colspan="2" style=" vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 1.50% (annually as a percentage of the Contract Value on the Contract Anniversary)</td> <td colspan="2" style=" vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> • Only available during the accumulation phase. • May not be voluntarily terminated. • Only available for purchase on the Contract Issue Date. • Only available if the oldest Contract Owner or Annuitant is age 81 – 85 on the Contract Issue Date. • Death Benefit Amount will be based on Interim Values if paid from the ILO Vintages before a Term End Date. • Rider charges will reduce the ILO Credit. • Rider charges deducted on a Term End Date will reduce the Contract Value and death benefit by the amount of the charge. • Rider charges deducted from the ILO Vintages on a Contract Anniversary prior to the Term End Date will trigger an Interim Value Calculation and Adjustment. • Withdrawals will reduce the benefit, perhaps significantly, and/or could terminate the benefit. • We may stop offering this benefit at any time to new purchasers. The benefit may not be available through your financial professional. • State variations may apply.</td></tr> </table> DEATH BENEFIT DEATH BENEFITS See the Death Benefits section below and STATE VARIATIONS for Contracts issued in California. Death benefit proceeds may be payable before the Annuity Date upon the death of any Contract Owner or any Annuitant in the case of a Non-Natural Owner, while the Contract is in force. Any death benefit payable will be calculated on the Notice Date, which is the Business Day on which we receive, In Proper Form, proof of death and instructions regarding payment of death benefit proceeds. See ADDITIONAL INFORMATION — INQUIRIES AND SUBMITTING FORMS AND REQUESTS for information on how to contact us. If a Contract has multiple Beneficiaries, death benefit proceeds will be calculated when we first receive proof of death and instructions, In Proper Form, from any Beneficiary. The death benefit proceeds still remaining to be paid to other Beneficiaries will be transferred to the Fixed Account Option. Death benefit payments from the ILO Vintages on any day other than a Term End Date will be based on your Interim Values. This could result in a lower payment than the ILO Vintage would provide at the end of the Term. Death Benefit Proceeds Death benefit proceeds will be payable on the Notice Date. If proceeds are used to purchase an Annuity Option from us, such proceeds will be reduced by any charge for premium taxes and/or other taxes. The death benefit proceeds may be payable in a single sum, as an Annuity Option available under the Contract, commencing within one year of the Owner's death, towards the purchase of any other Annuity Option we then offer, or in any other manner permitted by the IRS and approved by us. The Owner’s spouse may continue the Contract (see DEATH BENEFIT — Spousal Continuation). In addition, there may be legal requirements that limit the recipient’s Annuity Options and the timing of any payments. State unclaimed property regulations may shorten the amount of time a recipient has to make a death benefit election. A recipient should consult a qualified tax advisor before making a death benefit election. The death benefit proceeds will be paid to the first among the following who is (1) living; or (2) an entity or corporation entitled to receive the death benefit proceeds, in the following order: • Owner, • Joint Owner, • Beneficiary, or • Contingent Beneficiary If a Contract has Joint Owners, and the surviving Joint Owner dies before the Notice Date, the death benefit proceeds will be paid to the Beneficiary or Contingent Beneficiary. If the Beneficiary or Contingent Beneficiary is living at the time of the Owner’s death but dies prior to the claim being paid, the proceeds will be paid to the Beneficiary or Contingent Beneficiary’s estate. If none are living (or if there is no entity or corporation entitled to receive the death benefit proceeds), the proceeds will be payable to the Owner’s Estate. Death Benefit Amount If the oldest Contract Owner or Annuitant is between the ages of 81 to 85 on the Contract Issue Date, the optional Return of Purchase Payments Death Benefit Rider may be elected for an additional charge, which may increase the Death Benefit Amount. See Return of Purchase Payments Death Benefit Rider below for more details. If all Contract Owners and Annuitants are 80 years of age or younger at Contract issue, the Death Benefit Amount as of any Business Day before the Annuity Date is equal to the greater of the Contract Value as of the Notice Date, or the Total Adjusted Purchase Payments as of the Notice Date. The Total Adjusted Purchase Payments is equal to the sum of all Purchase Payments made into the Contract, reduced by a Pro Rata Reduction for each prior withdrawal. This amount may be adjusted if there is a change in Owner. The Pro Rata Reduction is the reduction percentage that is calculated at the time of a withdrawal by dividing the amount of the withdrawal (including any applicable surrender charges and taxes) by the Contract Value immediately prior to the withdrawal. If the oldest Contract Owner or Annuitant was over 80 years of age at Contract issue, the Death Benefit Amount as of any Business Day before the Annuity Date is equal to the Contract Value as of the Notice Date. Surrender charges do not apply to the Death Benefit Amount. Death benefit proceeds will be reduced by any charges for premium taxes and/or other taxes. The Contract Value will be based on Interim Values if the death benefit is paid from the ILO Vintages before the end of a Term. We calculate the Death Benefit Amount as of the Notice Date and the death benefit proceeds will be paid in accordance with the Death Benefit Proceeds section above. After the death benefit is processed, the Death Benefit Amount will be transferred to the Fixed Account Option. The amount in the Fixed Account Option will earn interest at the Guaranteed Rates declared on the prior Contract Anniversary. Transfers out of the Fixed Account Option will be permitted on the following Contract Anniversary; however, the 6-year ILOs will be unavailable for investment. Owner Change If there is an Owner change to someone other than the previous Owner’s spouse, to a Trust or non-natural entity where the Owner and Annuitant are not the same person prior to the Owner change, or if an Owner is added that is not the Owner’s spouse, the Total Adjusted Purchase Payments will be reset to equal the lesser of: • the Contract Value as of the effective date of the Owner change (“Change Date”), or • Total Adjusted Purchase Payments as of the Change Date. For an Owner change to occur, the new owner must be less than or equal to age 80 on the change date. After the Change Date, the Total Adjusted Purchase Payments will be reduced by any Pro Rata Reduction for any withdrawals made after the Change Date. An Owner change to a Trust or non-natural entity where the Owner and the Annuitant are the same person prior to the Owner change will not trigger a reset. Any death benefit paid will be paid in accordance with the Death Benefit Proceeds subsection above. Spousal Continuation Generally, a sole designated recipient who is the Owner’s spouse may elect to become the Owner (and sole Annuitant if the deceased Owner had been the Annuitant) and continue the Contract until the earliest of the spouse’s death, or the Annuity Date, except in the case of a Contract issued to a Qualified Plan other than an IRA. The spousal continuation election must be made by the fifth anniversary of the death of the Contract Owner for Non-Qualified Contracts. On the Notice Date, if the surviving spouse is deemed to have continued the Contract, we will set the Contract Value equal to the death benefit proceeds that would have been payable to the spouse as the deemed Beneficiary/designated recipient of the death benefit proceeds. An Add-In Amount may be added to the death benefit proceeds if the surviving spouse continues the Contract. This “Add-In Amount” is the difference between the Contract Value and the death benefit proceeds that would have been payable. The Add-In Amount will be added to the Contract Value on the Notice Date and allocated to the Fixed Account Option. The surviving spouse may transfer the Contract Value out of the Fixed Account on the next Contract Anniversary. The remaining Contract Value will continue to be allocated to the same Interest Crediting Options that were elected prior to the Notice Date, and may be transferred on the next Contract Anniversary, subject to the terms outlined in the TRANSFERS AND REALLOCATIONS section above. There will be no adjustment to the Contract Value if the Contract Value is equal to or greater than the death benefit proceeds as of the Notice Date. The Add-In Amount may, under certain circumstances, be considered earnings. The Add-In Amount is not treated as a new Purchase Payment. A Joint Owner who is the designated recipient, but not the Owner’s spouse, may not continue the Contract. Under IRS Guidelines, once a surviving spouse continues the Contract, the Contract may not be continued again in the event the surviving spouse remarries. Example: Spousal Continuation On the Notice Date, the Owner’s surviving spouse elects to continue the Contract. On that date, the death benefit proceeds were $100,000 and the Contract Value was $85,000. Since the surviving spouse elected to continue the Contract in lieu of receiving the death benefit proceeds, we will increase the Contract Value by an Add-In Amount of $15,000 ($100,000 – $85,000 = $15,000). If the Contract Value on the Notice Date was $100,000 or higher, then nothing would be added to the Contract Value. The continuing spouse is subject to the same fees, charges and expenses applicable to the deceased Owner of the Contract. Death of Annuitant If an Annuitant (who is not an Owner) dies before the Annuity Date and there is a surviving Joint Annuitant, the surviving Joint Annuitant becomes the Annuitant. If there is no surviving Joint Annuitant but there is a Contingent Annuitant, the Contingent Annuitant becomes the Annuitant. If there is no surviving Joint Annuitant or Contingent Annuitant, the youngest Owner becomes the Annuitant, provided that the Owner is not a Non-Natural Owner. No death benefit will be paid, except as otherwise provided under the Death Benefit Proceeds section. If an Annuitant dies after the Annuity Date, any further annuity benefit will be paid based on the life of the Joint Annuitant, if a Joint income option was in effect at the time of death. If the annuitization option included a period certain, remaining period certain payments will be paid in accordance with the Death Benefit Proceeds section and in accordance with federal income tax distribution at death rules discussed in the FEDERAL TAX ISSUES — Contract Owner’s Estate section. Death of Owner If any Owner (or first Annuitant if a non-natural Owner) dies before the Annuity Date, the amount of the death benefit will be equal to the Death Benefit Amount as of the Notice Date and will be paid in accordance with the Death Benefit Proceeds section and in accordance with the federal income tax distribution at death rules discussed in the FEDERAL TAX ISSUES — Contract Owner’s Estate section. If any Owner, who is not the Annuitant, dies after the Annuity Start Date, the payments continue to the Joint Owner, if any, otherwise to the Beneficiary, if living, and otherwise to the Contingent Beneficiary. The Annuitant and the Annuity Payout option remain the same. Non-Natural Owner If you are a Non-Natural Owner of a Contract other than a Qualified Contract, the Annuitant (either Annuitant if there are Joint Annuitants) will be treated as the Owner of the Contract for purposes of the Non-Qualified Contract Distribution Rules. If there are Joint Annuitants, the death benefit proceeds will be payable on proof of death of the first annuitant. If there is a change in the Primary Annuitant prior to the Annuity Date, such change will be treated as the death of the Owner (however, under the terms of your Contract, you cannot change the Primary Annuitant). The Death Benefit Amount will be: (a) the Contract Value, if the Non-Natural Owner elects to maintain the Contract and reinvest the Contract Value into a new contract in the same amount as immediately prior to the distribution; or (b) the Contract Value, less any surrender charge, and charges for premium taxes and/or other taxes, if the Non-Natural Owner elects a cash distribution and will be paid in accordance with the Death Benefits Proceeds section and in accordance with the federal income tax distribution at death rules. Non-Qualified Contract Distribution Rules The Contract is intended to comply with all applicable provisions of Code Section 72(s) and any successor provision, as deemed necessary by us to qualify the Contract as an annuity contract for federal income tax purposes. If an Owner of a Non-Qualified Contract dies before the Annuity Date, distribution of the death benefit proceeds must begin within 1 year after the Owner’s death or complete distribution within 5 years after the Owner’s death. In order to satisfy this requirement, the designated recipient must receive a final lump sum payment by the 5th anniversary of the Contract Owner’s death, or elect to receive an annuity for life or over a period that does not exceed the life expectancy of the designated recipient with annuity payments that start within 1 year after the Owner’s death. If an election to receive an annuity is not made within 60 calendar days of our receipt of proof, In Proper Form, of the Owner’s death or, if earlier, 60 calendar days (or shorter period as we permit) prior to the 1st anniversary of the Owner’s death, the option to receive annuity payments is no longer available. If a Non-Qualified Contract has Joint Owners, this requirement applies to the first Contract Owner to die. The Owner may designate that the Beneficiary will receive death benefit proceeds in a lump sum, or through annuity payments for life, life with period certain, period certain only, or a scheduled payout option. Any life with period certain or period certain only option may not exceed the life expectancy of the Beneficiary. The Owner must designate the payment method in writing in a form acceptable to us. The Owner may revoke the designation only in writing and only in a form acceptable to us. Once the Owner dies, the Beneficiary cannot change or revoke the Owner’s instructions regarding the payment of death benefit proceeds. Qualified Contract Distribution Rules Under Treasury regulations and our administrative procedures, if the Contract is owned under a Qualified Plan as defined in Code Sections 401, 403, 457(b), 408, or 408A of the Code distributions to the Beneficiary must satisfy the Required Minimum Distribution (RMD) rules of Code Section 401(a)(9). For Owner/Annuitants who die after December 31, 2019, the RMD rules for Beneficiaries are different depending on whether the Beneficiary is an “Eligible Designated Beneficiary” (EDB) or not. An EDB includes a surviving spouse, a disabled individual, a chronically ill individual, a minor child, or an individual who is not more than 10 years younger than the Owner/Annuitant. Certain trusts created for the exclusive benefit of disabled or chronically ill Beneficiaries are included. These EDBs may take their distributions over the longer of the Beneficiary’s life expectancy or the remaining life expectancy of the Owner/Annuitant and those distributions must commence by December 31st of the year following the death of the Owner/Annuitant. Alternatively, if the Owner/Annuitant died prior to the date RMDs are required to commence, rather than take lifetime distributions, the EDB may elect to have the entire interest distributed by the end of the year containing the tenth anniversary of the Owner/Annuitant’s death. If the EDB is a minor child of the Owner/Annuitant, all amounts must be fully distributed by the earlier of (1) the end of the year the child reaches age 31 (i.e. 10 years after reaching age 21) or (2) the end of the year containing the tenth anniversary of the minor child’s death. Additionally, a surviving spouse Beneficiary may elect to delay commencement of distributions until the later of the end of the year that the Owner/Annuitant would have attained age their RMD Age (73, or such later age that may be applicable under Code Section 401(a)(9)(C)), or when the surviving spouse turns their RMD Age. Upon the death of an EDB who elected lifetime income, the entire interest of the Contract must be distributed to any successor Beneficiary within 10 years of the EDB’s death (except in the case of a minor child EDB, as described above). The Owner may designate that the Beneficiary will receive death benefit proceeds in a lump sum, or through annuity payments period certain only. Period certain only annuity options are limited. The Owner must designate the payment method in writing in a form acceptable to us. The Owner may revoke the designation only in writing and only in a form acceptable to us. Once the Owner dies, the Beneficiary cannot change or revoke the Owner’s instructions regarding the payment of death benefit proceeds. Designated Beneficiaries, who are not an EDB, must withdraw the entire account by the 10th calendar year following the death of the Owner/Annuitant. Non-designated Beneficiaries must withdraw the entire account within 5 years of the Owner/Annuitant’s death if distributions have not begun prior to death unless the Owner dies after commencing his or her RMD payments. If the Owner/Annuitant dies after the commencement of RMDs (except in the case of a Roth IRA when RMDs do not apply) but before the Annuitant’s entire interest in the Contract (other than a Roth IRA) has been distributed, the remaining interest in the Contract must be distributed to the non-designated Beneficiary at least as rapidly as under the distribution method in effect at the time of the Annuitant’s death. You are responsible for monitoring distributions that must be taken to meet IRS guidelines. The Owner may designate that the Beneficiary will receive death benefit proceeds in a lump sum, or through annuity payments for a Period Certain of 5 through 9 years. The Owner must designate the payment method in writing in a form acceptable to us. The Owner may revoke the designation only in writing and only in a form acceptable to us. Once the Owner dies, the Beneficiary cannot change or revoke the Owner’s instructions regarding the payment of death benefit proceeds. OPTIONAL DEATH BENEFIT RIDER The optional death benefit rider is subject to availability and may be discontinued for purchase at any time. The optional death benefit rider may not be available through your financial professional. You may obtain information about the optional benefits that are available to you by contacting your financial professional. Before purchasing the rider, make sure you understand all of the terms and conditions and consult with your financial professional for advice on whether the rider is appropriate for you. Return of Purchase Payments Death Benefit Rider The disclosure below does not apply to Contracts issued in California. For Contracts issued in California, please see Return of Purchase Payments Death Benefit Rider (California Contracts) below for Contracts issued in California. The Return of Purchase Payments Death Benefit Rider (the “Rider”) is only available for an additional charge if the oldest Contract Owner or Annuitant is between the ages of 81 to 85 on the Contract Issue Date. This optional Rider allows your Death Benefit Amount, as of the Notice Date, to be the greater of the Contract Value (which will be based on Interim Value(s) if the death benefit is paid from the ILO Vintages before the end of a Term) or the Total Adjusted Purchase Payments. An Owner change may only be elected if the age of any new Owner is 85 years or younger on the effective date of the Owner change (see the Owner Change subsection below). Purchasing the Rider You may purchase this optional Rider at the time your application is completed and before your Contract is issued. You may not purchase this Rider after the Contract Issue Date. This Rider may only be purchased if the age of the oldest Owner or Annuitant is between the ages of 81 to 85 on the Contract Issue Date. Rider Charge The annual Rider charge of 0.30% is assessed in arrears as a percentage of your Contract Value and deducted each Contract Anniversary proportionately from the Interest Crediting Options in which you are invested. The maximum Rider charge is 1.50%. The current Rider charge of 0.30% will not change after the Rider is issued. The portion of the Rider charge deducted from each of the ILO Vintages on the Contract Anniversary will reduce the Investment Base in the same manner as a withdrawal. Any portion of the Rider charge deducted from an ILO Vintage on a Contract Anniversary prior to the Term End Date will trigger an Interim Value Calculation and Adjustment to the Investment Base and Annual Period Value (if applicable) proportionally, in the same manner as a withdrawal. The deduction of the Rider charge will not be subject to a surrender charge. As noted above, the ROP Death Benefit Rider charge may be deducted from the ILO Vintages on a date prior to the Term End Date. The ongoing deduction of the Rider charge on such dates may have an adverse effect on values and benefits under the Contract. If you intend to elect the ROP Death Benefit Rider, you should consult with a financial professional to discuss whether the Rider or this Contract is appropriate for you. Rider Terms Total Adjusted Purchase Payments. The sum of all Purchase Payments made to the Contract, reduced by a Pro Rata Reduction for each prior withdrawal, including withdrawals under a withdrawal benefit rider or RMDs. This amount may be adjusted if there is an Owner change. Pro Rata Reduction. The reduction percentage that is calculated at the time of the withdrawal by dividing the amount of each withdrawal (including any applicable surrender charges and taxes) by the Contract Value immediately prior to the withdrawal. The reduction made, when the Contract Value is less than the Total Adjusted Purchase Payments made into the Contract, may be greater than the actual amount withdrawn. See APPENDIX C — RETURN OF PURCHASE PAYMENTS DEATH BENEFIT RIDER SAMPLE CALCULATIONS for an example and description of how the Pro Rata Reduction is calculated. How the Rider Works Upon the death of the first Owner (any Annuitant for Non-Natural Owners), before the Annuity Date, the Death Benefit Amount under this Rider will be equal to the greater of: • the Contract Value as of the Notice Date, or • Total Adjusted Purchase Payments as of the Notice Date. Owner Change If there is an Owner change to someone other than the previous Owner’s spouse, to a Trust or non-natural entity where the Owner and Annuitant are not the same person prior to the Owner change, or if an Owner is added that is not the Owner’s spouse, the Total Adjusted Purchase Payments will be reset to equal the lesser of: • the Contract Value as of the effective date of the Owner change (“Change Date”), or • Total Adjusted Purchase Payments as of the Change Date. The Total Adjusted Purchase Payments will be reduced by any Pro Rata Reduction for any withdrawals made after the Change Date. An Owner change to a Trust or non-natural entity where the Owner and the Annuitant are the same person prior to the Owner change will not trigger a reset. Any death benefit paid under this Rider will be paid in accordance with the Death Benefit Proceeds subsection. See APPENDIX C — RETURN OF PURCHASE PAYMENTS DEATH BENEFIT RIDER SAMPLE CALCULATIONS for an example of how the death benefit is calculated following an Owner change. Termination The Rider will remain in effect until the earlier of: • the date you reduce your Contract Value to zero through a withdrawal, • when death benefit proceeds become payable under the Contract (except where the spouse of the deceased Owner continues the Contract. See Spousal Continuation above, • the Contract is terminated in accordance with the provisions of the Contract, or • the Annuity Date The Rider may not otherwise be cancelled. Return of Purchase Payments Death Benefit (California Contracts) The disclosure below only applies to Contracts issued in California. This optional Rider allows you to have your Death Benefit Amount, as of the Notice Date, be the greater of the Contract Value or the Total Adjusted Purchase Payments. The Notice Date is the day on which we receive, In Proper Form, proof of death and instructions regarding payment of any death benefit proceeds. Purchasing the Rider You may purchase this optional Rider at the time your application is completed and before your Contract is issued. You may not purchase this Rider after the Contract Issue Date. This Rider may only be purchased if the age of the oldest Owner or Annuitant is between the ages of 81 to 85 on the Contract Issue Date. Rider Charge The annual Rider charge of 0.30% is assessed in arrears as a percentage of your Contract Value and deducted each Contract Anniversary proportionately from the Interest Crediting Options in which you are invested. The current annual Rider charge of 0.30% will not change after the Rider is issued. The maximum Rider charge is 1.50%. The portion of the Rider charge deducted from each of the ILO Vintages on the Contract Anniversary will reduce the Investment Base in the same manner as a withdrawal. Any portion of the Rider charge deducted from an ILO Vintage on a Contract Anniversary prior to the Term End Date will trigger an Interim Value Calculation and Adjustment to the Investment Base and Annual Period Value (if applicable), proportionally in the same manner as a withdrawal. The deduction of the Rider charge will not be subject to a surrender charge. As noted above, the ROP Death Benefit Rider charge may be deducted from the ILO Vintages on a date prior to the Term End Date. The ongoing deduction of the Rider charge on such dates may have an adverse effect on values and benefits under the Contract. If you intend to elect the ROP Death Benefit Rider, you should consult with a financial professional to discuss whether the Rider or this Contract is appropriate for you. Rider Terms Total Adjusted Purchase Payments. The sum of all Purchase Payments made to the Contract, reduced by a Pro Rata Reduction for each prior withdrawal, including withdrawals under a withdrawal benefit rider or RMDs. Pro Rata Reduction. The reduction percentage that is calculated at the time of the withdrawal by dividing the amount of each withdrawal (including any applicable surrender charges and taxes) by the Contract Value immediately prior to the withdrawal. The reduction made, when the Contract Value is less than the Total Adjusted Purchase Payments made into the Contract, may be greater than the actual amount withdrawn. See APPENDIX C — RETURN OF PURCHASE PAYMENTS DEATH BENEFIT RIDER SAMPLE CALCULATIONS for an example and description of how the Pro Rata Reduction is calculated. How the Rider Works Upon the death of the first Annuitant, before the Annuity Date, the Death Benefit Amount under this rider will be equal to the greater of (a) or (b) below: (a) the Contract Value as of the Notice Date. (b) Total Adjusted Purchase Payments as of the Notice Date. Any death benefit paid under this Rider will be paid in accordance with the Death Benefit Proceeds subsection. See the APPENDIX C — RETURN OF PURCHASE PAYMENTS DEATH BENEFIT RIDER SAMPLE CALCULATIONS for an example of how the death benefit is calculated. Termination The Rider will remain in effect until the earlier of: • the date you reduce your Contract Value to zero through a withdrawal, • when death benefit proceeds become payable under the Contract (except where the spouse of the deceased Owner continues the Contract. See Spousal Continuation above, • the Contract is terminated in accordance with the provisions of the Contract, or • the Annuity Date. The Rider may not otherwise be cancelled. RESTRICTED BENEFICIARY DESIGNATION / PRE-DETERMINED BENEFICIARY OPTION For Non-Qualified, Traditional IRA, and Roth IRA Contracts, the Owner may choose how death benefit proceeds are paid (e.g., annuity payments rather than a lump sum) to a Beneficiary through the Restricted Beneficiary Provision. The Owner may choose from the following methods of payment, which are also described above under ANNUITIZATION — CHOOSING YOUR ANNUITY OPTION. Only fixed payment options are available. The terms of each payment option may differ for Qualified and Non-Qualified Contracts. • 100% lump sum, or in a lump sum combination with one of the annuity payout options listed below; • Annuity Payout 1. Life Only. 2. Life with Period Certain. 3. Period Certain Only. • Systematic Withdrawals 1. Life Expectancy with No Additional Cash Access. 2. Life Expectancy with Future Cash Access. The Owner may choose the frequency of death benefit payments to the Beneficiary, which may be monthly, quarterly, semi-annually, or annually. To elect a method of payment, the Owner must complete and sign the “Pre-Determined Beneficiary Form” to name a Restricted Beneficiary and to select the pre- determined beneficiary options. See ADDITIONAL INFORMATION — INQUIRIES AND SUBMITTING FORMS AND REQUESTS for information on submitting forms to our Service Center. Once elected, only the Owner may remove or modify these pre-determined beneficiary options. This may be done by completing and signing an additional “Pre-Determined Beneficiary Form.” The Beneficiary cannot revoke or modify the pre-determined beneficiary options. A minimum death benefit proceeds amount of $5,000 is required for payments to the Beneficiary under this provision. APPENDIX C: RETURN OF PURCHASE PAYMENTS DEATH BENEFIT RIDER SAMPLE CALCULATIONS The examples provided are based on certain hypothetical assumptions and are for example purposes only. Where Contract Value is reflected, the examples do not assume any specific return percentage. They have been provided to assist in understanding the death benefit amount provided under the optional Return of Purchase Payments Death Benefit (and Return of Purchase Payments Death Benefit for Contracts issued in California) and to demonstrate how Purchase Payments and withdrawals made from the Contract may affect the values and benefits. There may be minor differences in the calculations due to rounding. These examples are not intended to reflect what your actual death benefit proceeds will be or serve as projections of future investment returns, nor are they a reflection of how your Contract will actually perform. Under the base Contract (no optional death benefit riders selected), assuming the age of the Contract Owner at Contract issue is less than or equal to 80, the Death Benefit Amount is equal to the greater of Contract Value or the Total Adjusted Purchase Payments as of the Notice Date. THE EXAMPLES BELOW ASSUME NO OWNER CHANGE OR AN OWNER CHANGE TO THE PREVIOUS OWNER’S SPOUSE; THESE EXAMPLES ALSO APPLY TO CONTRACTS ISSUED IN CALIFORNIA Return of Purchase Payments Death Benefit (including Return of Purchase Payments Death Benefit for Contracts issued in California) The values shown below are based on the following assumptions: • Initial Purchase Payment = $100,000 • Rider Effective Date = Contract Date • A Subsequent Purchase Payment of $25,000 is received in Contract Year 1. • A withdrawal of $35,000 is taken during Contract Year 6. • A withdrawal of $10,000 is taken during Contract Year 11. • Owner is 60 years of age at Contract issuance. <table cellpadding="0" style="border-collapse:collapse; border-spacing: 0px;" width="100%"> <tr style="font-size:1pt;"> <td style="width:20.65%;"> </td> <td style="width:21.41%;"> </td> <td style="width:21.91%;"> </td> <td style="width:20.03%;"> </td> <td style="width:15.99%;"> </td></tr> <tr> <td style="vertical-align:middle; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; background-color:#E6E7E8;"> Beginning of Contract Year</td> <td style="vertical-align:middle; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; background-color:#E6E7E8;"> Purchase Payments Received</td> <td style="vertical-align:middle; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; background-color:#E6E7E8;"> Withdrawal Amount</td> <td style="vertical-align:middle; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; background-color:#E6E7E8;"> Contract Value(1)</td> <td style="vertical-align:middle; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20; background-color:#E6E7E8;"> Total Adjusted Purchase Payments(1)</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20;"> 1</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20;"> $100,000</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; font-size:1pt;"> </td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20;"> $100,000</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> $100,000</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20;"> Activity</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20;"> $ 25,000</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; font-size:1pt;"> </td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20;"> $128,000</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> $125,000</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20;"> 2</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; font-size:1pt;"> </td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; font-size:1pt;"> </td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20;"> $131,090</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> $125,000</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20;"> 3</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; font-size:1pt;"> </td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; font-size:1pt;"> </td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20;"> $133,468</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> $125,000</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20;"> 4</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; font-size:1pt;"> </td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; font-size:1pt;"> </td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20;"> $134,458</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> $125,000</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20;"> 5</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; font-size:1pt;"> </td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; font-size:1pt;"> </td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20;"> $138,492</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> $125,000</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20;"> 6</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; font-size:1pt;"> </td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; font-size:1pt;"> </td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20;"> $142,647</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> $125,000</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20;"> Activity</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; font-size:1pt;"> </td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20;"> $35,000</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20;"> $110,844</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> $ 95,000</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20;"> 7</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; font-size:1pt;"> </td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; font-size:1pt;"> </td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20;"> $111,666</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> $ 95,000</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20;"> 8</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; font-size:1pt;"> </td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; font-size:1pt;"> </td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20;"> $103,850</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> $ 95,000</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20;"> 9</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; font-size:1pt;"> </td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; font-size:1pt;"> </td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20;"> $ 96,580</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> $ 95,000</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20;"> 10</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; font-size:1pt;"> </td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; font-size:1pt;"> </td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20;"> $ 89,820</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> $ 95,000</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20;"> 11</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; font-size:1pt;"> </td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; font-size:1pt;"> </td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20;"> $ 83,530</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> $ 95,000</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20;"> Activity</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; font-size:1pt;"> </td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20;"> $10,000</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20;"> $ 73,530</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> $ 83,629</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20;"> 12</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; font-size:1pt;"> </td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; font-size:1pt;"> </td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20;"> $ 68,383</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> $ 83,629</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20;"> 13</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; font-size:1pt;"> </td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; font-size:1pt;"> </td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20;"> $ 63,596</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> $ 83,629</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20;"> 14 Death Occurs</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; font-size:1pt;"> </td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; font-size:1pt;"> </td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20;"> $ 59,144</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> $ 83,629</td></tr> </table> (1) The greater of the Contract Value or the Total Adjusted Purchase Payments represents the Death Benefit Amount. On the Rider Effective Date, the initial values are set as follows: • Total Adjusted Purchase Payment = Initial Purchase Payment = $100,000 • Contract Value = Initial Purchase Payment = $100,000 During Contract Year 1, a Subsequent Purchase Payment of $25,000 was received within 60 days of Contract Issue as part of transfer instructions received with the application. The Total Adjusted Purchase Payment amount increased to $125,000. The Contract Value increased to $128,000. During Contract Year 6, a withdrawal of $35,000 was made. This withdrawal reduced the Total Adjusted Purchase Payment amount on a pro rata basis to $95,000 and decreased the Contract Value to $110,844. Numerically, the new Total Adjusted Purchase Payment amount is calculated as follows: First, determine the Pro Rata Reduction. The percentage is the withdrawal amount divided by the Contract Value prior to the withdrawal ($145,844, which equals the $110,844 Contract Value after the withdrawal plus the $35,000 withdrawal amount). Numerically, the percentage is 24.00% ($35,000 ÷ $145,844 = 0.2400 or 24.00%). Second, determine the new Total Adjusted Purchase Payment amount. The Total Adjusted Purchase Payment amount prior to the withdrawal is multiplied by 1 less the Pro Rata Reduction determined above. Numerically, the new Total Adjusted Purchase Payment amount is $95,000 (Total Adjusted Purchase Payment amount prior to the withdrawal x (1 – Pro Rata Reduction); $125,000 x (1 – 24.00%); $125,000 x 76.00% = $95,000). During Contract Year 11, a withdrawal of $10,000 was made. This withdrawal reduced the Total Adjusted Purchase Payment amount on a pro rata basis to $83,629 and decreased the Contract Value to $73,530. Numerically, the new Total Adjusted Purchase Payment amount is calculated as follows: First, determine the Pro Rata Reduction. The percentage is the withdrawal amount divided by the Contract Value prior to the withdrawal ($83,530, which equals the $73,530 Contract Value after the withdrawal plus the $10,000 withdrawal amount). Numerically, the percentage is 11.97% ($10,000 ÷ $83,530 = 0.1197 or 11.97%). Second, determine the new Total Adjusted Purchase Payment amount. The Total Adjusted Purchase Payment amount prior to the withdrawal is multiplied by 1 less the Pro Rata Reduction determined above. Numerically, the new Total Adjusted Purchase Payment amount is $83,629 (Total Adjusted Purchase Payment prior to the withdrawal x (1 – Pro Rata Reduction); $95,000 x (1 – 11.97%); $95,000 x 88.03% = $83,629). Since the Total Adjusted Purchase Payments were greater than the Contract Value at the time of the withdrawal, the Pro Rata Reduction resulted in the Total Purchase Payments being reduced by a greater amount than the withdrawal amount. During Contract Year 14, death occurs. The Death Benefit Amount under the Return of Purchase Payments Death Benefit will be the Total Adjusted Purchase Payments ($83,629) because that amount is greater than the Contract Value ($59,144). Using the table above, if death occurred in Contract Year 7, the Death Benefit Amount under the Return of Purchase Payments Death Benefit would be the Contract Value ($111,666) because that amount is greater than the Total Adjusted Purchase Payment of $95,000. THE EXAMPLES BELOW ASSUME OWNER CHANGE TO SOMEONE OTHER THAN PREVIOUS OWNER’S SPOUSE, TO A TRUST OR NON-NATURAL ENTITY WHERE THE OWNER AND ANNUITANT ARE NOT THE SAME PERSON PRIOR TO THE CHANGE OR IF AN OWNER IS ADDED THAT IS NOT A SPOUSE OF THE OWNER. THESE EXAMPLES DO NOT APPLY TO CONTRACTS ISSUED IN CALIFORNIA. Return of Purchase Payments Death Benefit The values shown below are based on the following assumptions: • Initial Purchase Payment = $100,000 • Rider Effective Date = Contract Date • A Subsequent Purchase Payment of $25,000 is received in Contract Year 1. • A withdrawal of $35,000 is taken during Contract Year 6. • Owner change to someone other than previous Owner’s Spouse during Contract Year 8. • A withdrawal of $10,000 is taken during Contract Year 11. • Initial Owner is 60 years of age at Contract issuance and the new Owner is 65 years of age on the date of Ownership change. <table cellpadding="0" style="border-collapse:collapse; border-spacing: 0px;" width="100%"> <tr style="font-size:1pt;"> <td style="width:20.65%;"> </td> <td style="width:21.41%;"> </td> <td style="width:21.91%;"> </td> <td style="width:20.03%;"> </td> <td style="width:15.99%;"> </td></tr> <tr> <td style="vertical-align:middle; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; background-color:#E6E7E8;"> Beginning of Contract Year</td> <td style="vertical-align:middle; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; background-color:#E6E7E8;"> Purchase Payments Received</td> <td style="vertical-align:middle; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; background-color:#E6E7E8;"> Withdrawal Amount</td> <td style="vertical-align:middle; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; background-color:#E6E7E8;"> Contract Value(1)</td> <td style="vertical-align:middle; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20; background-color:#E6E7E8;"> Total Adjusted Purchase Payments(1)</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20;"> 1</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20;"> $100,000</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; font-size:1pt;"> </td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20;"> $100,000</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> $100,000</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20;"> Activity</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20;"> $ 25,000</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; font-size:1pt;"> </td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20;"> $128,000</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> $125,000</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20;"> 2</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; font-size:1pt;"> </td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; font-size:1pt;"> </td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20;"> $131,090</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> $125,000</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20;"> 3</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; font-size:1pt;"> </td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; font-size:1pt;"> </td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20;"> $133,468</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> $125,000</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20;"> 4</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; font-size:1pt;"> </td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; font-size:1pt;"> </td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20;"> $134,458</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> $125,000</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20;"> 5</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; font-size:1pt;"> </td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; font-size:1pt;"> </td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20;"> $138,492</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> $125,000</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20;"> 6</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; font-size:1pt;"> </td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; font-size:1pt;"> </td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20;"> $142,647</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> $125,000</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20;"> Activity</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; font-size:1pt;"> </td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20;"> $35,000</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20;"> $110,844</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> $ 95,000</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20;"> 7</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; font-size:1pt;"> </td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; font-size:1pt;"> </td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20;"> $111,666</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> $ 95,000</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20;"> 8</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; font-size:1pt;"> </td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; font-size:1pt;"> </td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20;"> $103,850</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> $ 95,000</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20;"> Owner Change</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; font-size:1pt;"> </td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; font-size:1pt;"> </td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20;"> $100,735</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> $ 95,000</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20;"> 9</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; font-size:1pt;"> </td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; font-size:1pt;"> </td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20;"> $ 96,580</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> $ 95,000</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20;"> 10</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; font-size:1pt;"> </td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; font-size:1pt;"> </td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20;"> $ 89,820</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> $ 95,000</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20;"> 11</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; font-size:1pt;"> </td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; font-size:1pt;"> </td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20;"> $ 83,530</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> $ 95,000</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20;"> Activity</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; font-size:1pt;"> </td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20;"> $10,000</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20;"> $ 73,530</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> $ 83,629</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20;"> 12</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; font-size:1pt;"> </td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; font-size:1pt;"> </td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20;"> $ 68,383</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> $ 83,629</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20;"> 13</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; font-size:1pt;"> </td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; font-size:1pt;"> </td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20;"> $ 63,596</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> $ 83,629</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20;"> 14 Death Occurs</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; font-size:1pt;"> </td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; font-size:1pt;"> </td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20;"> $ 59,144</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> $ 83,629</td></tr> </table> (1) The greater of the Contract Value or the Total Adjusted Purchase Payments represents the Death Benefit Amount. On the Rider Effective Date, the initial values are set as follows: • Total Adjusted Purchase Payment = Initial Purchase Payment = $100,000 • Contract Value = Initial Purchase Payment = $100,000 During Contract Year 1, a Subsequent Purchase Payment of $25,000 was received within 60 days of Contract Issue as part of a transfer instructions with the application. The Total Adjusted Purchase Payment amount increased to $125,000. The Contract Value increased to $128,000. During Contract Year 6, a withdrawal of $35,000 was made. This withdrawal reduced the Total Adjusted Purchase Payment amount to $95,000 and decreased the Contract Value to $110,844. Numerically, the new Total Adjusted Purchase Payment calculated as follows: First, determine the Pro Rata Reduction. The percentage is the withdrawal amount divided by the Contract Value prior to the withdrawal ($145,844, which equals the $110,844 Contract Value after the withdrawal plus the $35,000 withdrawal amount). Numerically, the percentage is 24.00% ($35,000 ÷ $145,844 = 0.2400 or 24.00%). Second, determine the new Total Adjusted Purchase Payment amount. The Total Adjusted Purchase Payment amount prior to the withdrawal is multiplied by 1 less the Pro Rata Reduction determined above. Numerically, the new Total Adjusted Purchase Payment amount is $95,000 (Total Adjusted Purchase Payment amount prior to the withdrawal x (1 – Pro Rata Reduction); $125,000 x (1 – 24.00%); $125,000 x 76.00% = $95,000). During Contract Year 8, an Owner change to someone other than the previous Owner’s spouse occurred. The Total Adjusted Purchase Payments on the effective date of the Owner change (the “Change Date”) will be reset to equal the lesser of the Contract Value as of the Change Date or the Total Adjusted Purchase Payments as of the Change Date. Numerically, the Total Adjusted Purchase Payments amount will be $95,000 since the Total Adjusted Purchase Payments as of the Change Date ($95,000) is less than the Contract Value as of the Change Date ($100,735). After the Change Date, the Total Adjusted Purchase Payments will be reduced by any Pro Rata Reduction for withdrawals made after the Change Date. During Contract Year 11, a withdrawal of $10,000 was made. This withdrawal reduced the Total Adjusted Purchase Payments amount on a pro rata basis to $83,629 and decreased the Contract Value to $73,530. Numerically, the new Total Adjusted Purchase Payments amount is calculated as follows: First, determine the Pro Rata Reduction. The percentage is the withdrawal amount divided by the Contract Value prior to the withdrawal ($83,530, which equals the $73,530 Contract Value after the withdrawal plus the $10,000 withdrawal amount). Numerically, the percentage is 11.97% ($10,000 ÷ $83,530 = 0.1197 or 11.97%). Second, determine the new Total Adjusted Purchase Payments amount. The Total Adjusted Purchase Payments amount prior to the withdrawal is multiplied by 1 less the Pro Rata Reduction determined above. Numerically, the new Total Adjusted Purchase Payments amount is $83,629 (Total Adjusted Purchase Payments amount prior to the withdrawal x (1 – Pro Rata Reduction); $95,000 x (1 – 11.97%); $95,000 x 88.03% = $83,629). Since the Total Adjusted Purchase Payments were greater than the Contract Value at the time of the withdrawal, the Pro Rata Reduction resulted in the Total Purchase Payments being reduced by a greater amount than the withdrawal amount. During Contract Year 14, death occurs. The Death Benefit Amount under the Return of Purchase Payments Death Benefit will be the Total Adjusted Purchase Payments ($83,629) because that amount is greater than the Contract Value ($59,144). Using the table above, if death occurred in Contract Year 7, the Death Benefit Amount under the Return of Purchase Benefit would be the Contract Value ($111,666) because that amount is greater than the Total Adjusted Purchase Payment of $95,000. Standard Death Benefit Provides a death benefit equal to (1) the Contract Value; or (2) the greater of (a) the Contract Value or (b) the Total Adjusted Purchase Payments. ● Only available during the accumulation phase. ● If any Contract Owner (or Annuitant) is over age 80 on the Contract Issue Date, the death benefit is equal to the Contract Value. ● Death Benefit Amount will be based on Interim Values if paid from the ILO Vintages before a Term End Date. ● Withdrawals will reduce the death benefit, perhaps significantly. ● State variations may apply. Preauthorized Withdrawals Permits automatic withdrawals from the Contract on a monthly, quarterly, semi-annual, or annual basis ● Only available during the accumulation phase. ● Withdrawals will reduce the Contract Value and the death benefit, perhaps significantly. ● Withdrawals from the ILO Vintages during a Term will trigger an Interim Value adjustment. ● Withdrawals may be subject to surrender charges, taxes, and tax penalties. ● You should consult a financial professional if you intend to take preauthorized withdrawals from an ILO Vintage before the Term End Date. Free Withdrawal Amount Permits withdrawal of a portion of your aggregate Purchase Payments or Contract each year without incurring a surrender charge . ● Only available during the accumulation phase. ● During the surrender charge period, the annual free withdrawal amount is 10% of the aggregate Purchase Payments. ● Withdrawals will reduce the Contract Value and the death benefit, perhaps significantly. ● Free withdrawal amounts from the ILO Vintages during a Term will trigger an Interim Value Calculation and Adjustment. ● Free withdrawal amounts may be subject to taxes and tax penalties. Nursing Home Waiver Waives the surrender charge on withdrawals and surrenders in the event the Contract Owner (or Annuitant) is confined to an accredited nursing home. ● Only available during the accumulation phase. ● Withdrawals and surrenders must be made after 90 calendar days from the Contract Issue Date. ● Period of confinement must be at least 30 days. ● Waiver applies for a maximum of 90 calendar days after the Contract Owner (or Annuitant) leaves the nursing home. ● Nursing home must be “accredited” as defined by the benefit. ● Nursing home confinement period must begin after the Contract Issue Date. ● Withdrawals will reduce the Contract Value and the death benefit, perhaps significantly. ● Withdrawals and surrenders from the ILO Vintages during a Term will trigger an Interim Value Calculation and Adjustment. ● Withdrawals may be subject to taxes and tax penalties. Terminal Illness Waiver Waives the surrender charge on withdrawals and surrenders in the event the Contract Owner (or Annuitant) is diagnosed with a Terminal Illness. ● Only available during the accumulation phase. ● Withdrawals and surrenders must be made after the 1st Contract Anniversary. ● Contract Owner (or Annuitant) must be diagnosed by a terminal illness as defined by the benefit. ● Withdrawals will reduce the Contract Value and the death benefit, perhaps significantly. ● Withdrawals and surrenders from the ILO Vintages during a Term will trigger an Interim Value Calculation and Adjustment. ● Withdrawals may be subject to taxes and tax penalties. Performance Lock Permits you to “lock-in” the Interim Value of all or a portion of an ILO Vintage before the Term End Date. ● Only available during the accumulation phase. ● Instructions may be provided in Proper Form on any day after the Term Start Date and prior to the Term End Date. ● The minimum portion of an ILO Vintage that you may lock in is 20% of the Interim Value for that vintage. ● Exercise of Performance Lock is irrevocable. ● AutoLock is not currently available. Manual Performance Lock remains available. ● AutoLock is not available on any SecureCap ILO. ● A portion of an ILO Vintage may be locked more than once, subject to the maximum number of ILO Vintages that may be locked. ● The maximum number of ILO Vintages that may be locked (partial or full) each Contract Year is 25. ● The locked-in value will be the Interim Value of the ILO Vintage or portion thereof (not the Annual Period Value for a SecureCap ILO). ● Unless you elect the Pre-Anniversary Transfer option, the locked-in amount will be credited with the Performance Lock Rate, which could be as little as 0.05%, until the next Contract Anniversary. ● The locked-in amount will not receive an ILO Credit or the application of the Protection Level. ● Withdrawals will reduce the locked-in value by the amount requested. ● You will be unable to determine in advance the Interim Value to be locked-in prior to exercise of a manual request or that your ILO Vintage reached its Performance Lock Target Percentage for an AutoLock. ● We may discontinue, suspend, or otherwise limit the availability of Performance Lock feature, AutoLock and/or the Pre-Anniversary Transfer option at any time. Pre-Anniversary Transfer A feature of Performance Lock that permits you to reallocate the full Performance Lock Value into a new ILO Vintage prior to a Contract Anniversary. ● Only available with Performance Lock. ● Reallocation is not available to any Performance Mix, SecureCap, or Fixed Account Option Interest Crediting Options. ● The reallocation value must be the full Performance Lock Value. ● A Pre-Anniversary Transfer and subsequent Purchase Payment may not process on the same Business Day. ● Pre-Anniversary Transfer may not be processed on a Contract Anniversary. ● ILO Terms started as a result of Pre-Anniversary Transfer are subject to renewal rates in effect as of the date of the new ILO Term Start Date. ● The number of days remining in the current Contract Year will be added to the ILO Term(s) selected. ● Extension of the ILO Term does not result in a different crediting rate for the ILO that is selected. ● We may suspend, cancel or limit offering the Pre-Anniversary Transfer option at any time. Return of Purchase Payments Death Benefit Rider Provides a death benefit equal to the greater of (a) the Contract Value or (b) the Total Adjusted Purchase Payments for Contract Owners (or Annuitants) age 81 – 85 on the Contract Issue Date. 0.015 • Only available during the accumulation phase. • May not be voluntarily terminated. • Only available for purchase on the Contract Issue Date. • Only available if the oldest Contract Owner or Annuitant is age 81 – 85 on the Contract Issue Date. • Death Benefit Amount will be based on Interim Values if paid from the ILO Vintages before a Term End Date. • Rider charges will reduce the ILO Credit. • Rider charges deducted on a Term End Date will reduce the Contract Value and death benefit by the amount of the charge. • Rider charges deducted from the ILO Vintages on a Contract Anniversary prior to the Term End Date will trigger an Interim Value Calculation and Adjustment. • Withdrawals will reduce the benefit, perhaps significantly, and/or could terminate the benefit. • We may stop offering this benefit at any time to new purchasers. The benefit may not be available through your financial professional. • State variations may apply. INTERIM VALUE CALCULATION AND ADJUSTMENT On any Business Day during the Term after the Term Start Date and before Term End Date, your ILO Value is equal to the Interim Value. Each ILO Vintage will have a separate Interim Value. Allocation in the same ILO with a different Term Start Date will constitute a different ILO Vintage and each ILO Vintage will have its own associated Interim Value and Investment Base. The Interim Value is the amount in the ILO Vintage that is available for surrenders, withdrawals, annuitization, and death benefit payments that occur between the Term Start Date and the Term End Date, including surrenders (including Free Look surrenders), RMDs, free withdrawal amounts, pre-authorized withdrawals, and rider charges. The full Interim Value, or a portion of the Interim Value, is also the amount available for exercise of the Performance Lock feature. All of these transactions, if taken during the Term, will be based on Interim Value(s) and will trigger an Interim Value determination (“Interim Value Calculation”) of your ILO Value. The Interim Value is calculated based on the value of a hypothetical portfolio of derivative financial instruments designed to replicate the value of the ILO Vintage, if it were held until the end of the Term. We calculate the Interim Value of your investment in each ILO Vintage at the end of each Business Day between the Term Start Date and the Term End Date. The Interim Value fluctuates each Business Day independently of your Investment Base or Annual Period Value (if applicable), and the change, or adjustment, may be positive, negative, or zero compared to the last Business Day, even if the Index has increased in value. Changes to your Interim Value are not directly tied to the performance of the relevant Index, although Index performance impacts your Interim Value. The Interim Value on a given Business Day determines the amount available from that ILO Vintage for withdrawals, surrenders, death benefits payments, and annuitization that may occur on that date. If you have multiple ongoing ILO Vintages, the transaction will be based on the Interim Value for some or all of your ILO Vintages. You should understand that the Interim Value for an ILO Vintage on a Business Day will not impact your principal investment in the ILO Vintage (the Investment Base) or your Annual Period Value (if applicable) unless a withdrawal, surrender, Performance Lock, death benefit payment, or annuitization occurs during the Term on that Business Day. This means that the Interim Value calculated could be less than your investment in the ILO Vintage or your Annual Period Value even if the Index is performing positively, and may be less than the amount you would receive had you held the investment until the end of the Term. If you take a withdrawal that is based on Interim Value, the withdrawal will reduce the Interim Value of your investment in the ILO Vintages by the amount withdrawn. If a gross withdrawal amount is requested, the amount withdrawn will be the amount requested and any applicable surrender charges and tax withholdings will reduce the amount you receive. If a net withdrawal amount is requested, the amount withdrawn will also include any applicable surrender charges and tax withholdings in addition to the amount you requested to receive. In all cases, your ILO Investment Base and Annual Period Value (if applicable) will be reduced in the same proportion that the Interim Value is reduced (rather than on a dollar-for-dollar basis) and will also proportionately reduce the death benefit (the “Interim Value Adjustment”). The Interim Value Adjustment to the Investment Base, Annual Period Value, and death benefit may be greater than the dollar amount of the withdrawal, and will reduce the Investment Base and Annual Period Value for the remainder of the Term. Amounts withdrawn or surrendered will not receive an ILO Credit (or Annual Period Credit, if applicable). See INDEX-LINKED OPTION VALUE – SecureCap Index-Linked Options for more information about SecureCap ILOs. A negative Interim Value Calculation and Adjustment will decrease the amount available under your Contract in the ILO Vintages for transactions involving withdrawal, surrender, annuitization, and the death benefit. If you use the Performance Lock feature to lock-in an Interim Value that is lower than your Investment Base on the Term Start Date, you will lock-in a loss. See PERFORMANCE LOCK for more information. An Interim Value Calculation and Adjustment will impact your Contract Value (including your Cash Surrender Value, death benefit amount, and amount converted to an Annuity Option), but the Adjustment will not be deducted from the amount you receive if you take a partial withdrawal. You may contact us at our Service Center to obtain your Interim Value(s) for any ILO Vintage in which you are invested prior to initiating a transaction, although your Interim Value(s) may change by the time the transaction is executed. The Interim Values generally reflect less gain and more downside than would otherwise apply at the end of the Term. Additionally, neither the Protection Level nor Crediting Strategy will be applied. As such, when a transaction is processed based on the Interim Value of the ILO Vintages, the Interim Value could reflect less gain or more loss (perhaps significantly less gain or more loss) than would be applied at the end of the Term. This means that there could be significantly less money available under your Contract for withdrawals, surrender, annuitization, and payment of the death benefit during the Term. The Interim Value Calculation and Adjustment may result in a loss even if the Index is performing positively at the time of the transaction, and may be less than the amount you would receive if you held the investment until the end of the Term. The Interim Value Calculation and Adjustment could result in the loss of principal and previously-credited earnings in the Contract, and in extreme circumstances, such losses could be as high as 100%. The maximum loss would occur under extreme circumstances upon a withdrawal or a total surrender of your ILO Value. To avoid an Interim Value Calculation and Adjustment to your ILO Value, you should schedule withdrawals and other transactions to fall on Term End Dates. Effect of Transactions Based on Interim Value A reduction in your Interim Value will cause your ILO Value for the remainder of the Term to be lower than if you did not take the withdrawal. Withdrawals based on Interim Value may significantly reduce the value of any gains credited at the end of the Term because the dollar amount of the ILO Credit is calculated based on the Investment Base, which will be reduced proportionately by the withdrawal. The Interim Value Calculation and Adjustment could also result in a loss, and this loss may be greater than the loss that would be incurred on the Term End Date after the application of the Protection Level. The Interim Value Calculation and Adjustment could also result in lower gain than would be credited on the Term End Date after the application of the Crediting Strategy. The Interim Value Calculation and Adjustment, if negative, could result in significant losses. All withdrawals based on Interim Values will also affect the availability of the ROP Death Benefit Rider, perhaps significantly, and/or could terminate the benefit if the Contract is reduced to zero. While you may exercise the Performance Lock feature after taking a withdrawal during the Term, your Interim Value for the remainder of the Term, and available for Pre-Anniversary Transfer, will generally be lower than if you did not take the withdrawal. The Interim Value that you are able to lock-in with the Performance Lock feature will likely be lower than the Interim Value that would have been possible had you not taken the withdrawal. See PERFORMANCE LOCK for more information. Ongoing withdrawals and deductions from the ILO Vintages prior to the Term End Date (such as rider charges, systematic withdrawals, and/or required minimum distributions) may have an adverse effect on the values and benefits under your Contract. If you intend to take ongoing withdrawals under this Contract or elect features with ongoing deductions, you should consult with a financial professional about whether this Contract is appropriate for you. On any Business Day during the Term after the Term Start Date and before Term End Date, your ILO Value is equal to the Interim Value. Each ILO Vintage will have a separate Interim Value. Allocation in the same ILO with a different Term Start Date will constitute a different ILO Vintage and each ILO Vintage will have its own associated Interim Value and Investment Base. The Interim Value is the amount in the ILO Vintage that is available for surrenders, withdrawals, annuitization, and death benefit payments that occur between the Term Start Date and the Term End Date, including surrenders (including Free Look surrenders), RMDs, free withdrawal amounts, pre-authorized withdrawals, and rider charges. The full Interim Value, or a portion of the Interim Value, is also the amount available for exercise of the Performance Lock feature. All of these transactions, if taken during the Term, will be based on Interim Value(s) and will trigger an Interim Value determination (“Interim Value Calculation”) of your ILO Value. The Interim Value is the amount in the ILO Vintage that is available for surrenders, withdrawals, annuitization, and death benefit payments that occur between the Term Start Date and the Term End Date, including surrenders (including Free Look surrenders), RMDs, free withdrawal amounts, pre-authorized withdrawals, and rider charges. The full Interim Value, or a portion of the Interim Value, is also the amount available for exercise of the Performance Lock feature. All of these transactions, if taken during the Term, will be based on Interim Value(s) and will trigger an Interim Value determination (“Interim Value Calculation”) of your ILO Value. The Interim Value is the amount in the ILO Vintage that is available for surrenders, withdrawals, annuitization, and death benefit payments that occur between the Term Start Date and the Term End Date, including surrenders (including Free Look surrenders), RMDs, free withdrawal amounts, pre-authorized withdrawals, and rider charges. The full Interim Value, or a portion of the Interim Value, is also the amount available for exercise of the Performance Lock feature. All of these transactions, if taken during the Term, will be based on Interim Value(s) and will trigger an Interim Value determination (“Interim Value Calculation”) of your ILO Value. The Interim Value fluctuates each Business Day independently of your Investment Base or Annual Period Value (if applicable), and the change, or adjustment, may be positive, negative, or zero compared to the last Business Day, even if the Index has increased in value. The Interim Value Calculation and Adjustment could also result in a loss, and this loss may be greater than the loss that would be incurred on the Term End Date after the application of the Protection Level. We calculate the Interim Value using a formula that looks to changes in the values of hypothetical derivative financial instruments, less the prorated fair value of the hypothetical derivatives supporting the ILO Vintage if it were held until the end of the Term. The hypothetical derivatives used are designed to approximate the market value of the Index. The formula takes into account the ILO Investment Base, the market value of the hypothetical derivatives underlying the ILO Vintage, the percentage of the Term remaining at the time of the transaction, the ILO Cost, which is an interest rate equivalent to the fair value of the hypothetical derivatives supporting the ILO Vintage on the Term Start Date, the market value of the hypothetical investments in fixed instruments funding the obligation underlying the ILO Vintage, the total number of years in the ILO Term, and trading costs which are the estimated costs of selling the hypothetical portfolio of options prior to the Term End Date. The values of these instruments can be affected by factors such as Index performance since the Term Start Date, implied volatility, dividend rates, interest rates, and the time remaining in the ILO Term. This formula is intended to produce an estimated fair value for your investment in the ILO Vintage on that Business Day, less a provision for trading costs. The Interim Value reflects, among other things, an estimate of the value of the hypothetical derivative position supporting the ILO Vintage, which may vary based on market conditions, and the estimated cost of exiting the hypothetical derivative position prior to the end of the Term. All other factors being equal, the impact of the Interim Value Calculation and Adjustment may be more significant earlier in the ILO Vintage Term, when a greater portion of these market exposures remain, and less significant later in the Term. The Interim Value Calculation and Adjustment protects the Company from risks related to change in the value of the derivative instruments purchased to support the Contract guarantees if amounts are withdrawn or surrendered prior to the end of an ILO Term. The Interim Value Calculation and Adjustment shifts this risk from the Company to Contract Owners. Please see the SAI for detailed explanations and examples of how we calculate the Interim Value in various scenarios. THE FIXED ACCOUNT OPTION The Fixed Account Option credits a fixed rate of interest daily that compounds over one year to the annual fixed rate (the “Guaranteed Rate”). Interest is credited daily to your investment in the Fixed Account as a percentage of the Fixed Account Option Value, which is the amount allocated to the Fixed Account Option, plus interest credited previously, less transfers and deductions for any withdrawals (which will include applicable surrender charges, taxes, and tax penalties). Information regarding the features of the Fixed Account Option, including (i) its name, (ii) its term length, and (iii) its minimum guaranteed interest rate, is available in an appendix to the Prospectus. See APPENDIX A — INTEREST CREDITING OPTIONS AVAILABLE UNDER THE CONTRACT. Interests in the Fixed Account Option are not registered under the Securities Act of 1933 (the “Securities Act”) and the Fixed Account Option is not registered as an “investment company” under the Investment Company Act of 1940. Disclosures in this prospectus regarding the Fixed Account Option are subject to certain generally applicable provisions of the federal securities laws regarding the accuracy and completeness of disclosures. The initial Guaranteed Rate for Purchase Payments allocated to the Fixed Account Option is set according to the Rate Lock guidelines above and is guaranteed for one Contract Year. See BUYING THE CONTRACT — RATE LOCK for more details. A new Guaranteed Rate will be declared each Contract Anniversary, and will be guaranteed for one Contract Year. The Fixed Account Option Guaranteed Rate will never be less than the Minimum Guaranteed Rate for the Fixed Account Option of 0.50%. The Minimum Guaranteed Rate for the Fixed Account Option is assigned at Contract issue and will not change for the life of your Contract. We will determine any interest we credit to amounts allocated to the Fixed Account in excess of the Minimum Guaranteed Interest Rate at our sole discretion. We have no specific formula for determining the interest rate. Some factors we may consider are regulatory and tax requirements, general economic trends and competitive factors. Renewal Guaranteed Rates for the Fixed Account declared on Contract Anniversaries may be different from the Guaranteed Rates applied to new Purchase Payments offered at the same time, subject to the Minimum Guaranteed Rate for the Fixed Account. You bear the risk that the Guaranteed Rates we declare each Contract Anniversary for the Fixed Account Option will not exceed the Minimum Guaranteed Rate or the initial declared rate. The Fixed Account Option Value may be transferred to the available ILOs every Contract Anniversary. ILO Value may transferred into the Fixed Account Option on Term End Dates, which will fall on Contract Anniversaries. We will send you a notice 30 days prior to a Contract Anniversary explaining the ILOs available to you for transfer or reallocation on the upcoming Contract Anniversary, reminding you to review any transfer instructions you may have previously submitted to us, and directing you to our website where you can view renewal Guaranteed Rates and ILO crediting rates declared for the next Term. If you do not provide new allocation instructions to transfer any of your Fixed Account Option Value to one or more of the available ILOs, on the Contract Anniversary, such amount will automatically be reinvested into the Fixed Account Option for another year, subject to the renewal Guaranteed Rate, unless you withdraw the amount from the Contract. Amounts automatically reinvested into the Fixed Account may not be transferred until the next Contract Anniversary. See TRANSFERS AND REALLOCATIONS and ACCESS TO YOUR MONEY for more information. The Fixed Account will always be available for investment under your Contract. Withdrawals, Surrenders, and Payments from the Fixed Account Withdrawals from the Fixed Account Option will reduce the Fixed Account Option Value and the death benefit by the amount requested on a dollar-for-dollar basis. Withdrawals and surrenders from the Fixed Account may be subject to surrender charges, taxes, and tax penalties. Any applicable surrender charge, taxes, and tax penalties will be deducted from the amount you receive from a withdrawal or surrender. See ACCESS TO YOUR MONEY for more information on how withdrawals affect the Contract Value and benefits. Surrenders, death benefit payments, and annuitization from the Fixed Account Option are subject to minimum amounts required by state law. This amount is known as the Fixed Account Option Guaranteed Minimum Surrender Value. The Fixed Account Option Guaranteed Minimum Surrender Value is equal to all amounts allocated to the Fixed Account Option multiplied by 87.5%, adjusted for any partial withdrawals or transfers from the Fixed Account Option, then accumulated at the non-forfeiture rate, which ranges from 0.15% to 3.00% depending on the applicable state law. See APPENDIX D: STATE VARIATIONS for more information. The Fixed Account Option Guaranteed Minimum Surrender Value applies only upon annuitization from the Fixed Account Option, payment of a death benefit, or a surrender from the Fixed Account Option. We guarantee that if one of these events occurs, then the proceeds from the Fixed Account Option (the amount applied to annuity payments or paid for a surrender or death benefit) will be at least equal to the minimums required by state law. If necessary to meet this minimum, charges will be waived. THE FIXED ACCOUNT OPTION The Fixed Account Option credits a fixed rate of interest daily that compounds over one year to the annual fixed rate (the “Guaranteed Rate”). Interest is credited daily to your investment in the Fixed Account as a percentage of the Fixed Account Option Value, which is the amount allocated to the Fixed Account Option, plus interest credited previously, less transfers and deductions for any withdrawals (which will include applicable surrender charges, taxes, and tax penalties). Information regarding the features of the Fixed Account Option, including (i) its name, (ii) its term length, and (iii) its minimum guaranteed interest rate, is available in an appendix to the Prospectus. See APPENDIX A — INTEREST CREDITING OPTIONS AVAILABLE UNDER THE CONTRACT. Interests in the Fixed Account Option are not registered under the Securities Act of 1933 (the “Securities Act”) and the Fixed Account Option is not registered as an “investment company” under the Investment Company Act of 1940. Disclosures in this prospectus regarding the Fixed Account Option are subject to certain generally applicable provisions of the federal securities laws regarding the accuracy and completeness of disclosures. The Fixed Account Option credits a fixed rate of interest daily that compounds over one year to the annual fixed rate (the “Guaranteed Rate”). Interest is credited daily to your investment in the Fixed Account as a percentage of the Fixed Account Option Value, which is the amount allocated to the Fixed Account Option, plus interest credited previously, less transfers and deductions for any withdrawals (which will include applicable surrender charges, taxes, and tax penalties). Information regarding the features of the Fixed Account Option, including (i) its name, (ii) its term length, and (iii) its minimum guaranteed interest rate, is available in an appendix to the Prospectus. See APPENDIX A — INTEREST CREDITING OPTIONS AVAILABLE UNDER THE CONTRACT. The initial Guaranteed Rate for Purchase Payments allocated to the Fixed Account Option is set according to the Rate Lock guidelines above and is guaranteed for one Contract Year. See BUYING THE CONTRACT — RATE LOCK for more details. A new Guaranteed Rate will be declared each Contract Anniversary, and will be guaranteed for one Contract Year. The Fixed Account Option Guaranteed Rate will never be less than the Minimum Guaranteed Rate for the Fixed Account Option of 0.50%. The Minimum Guaranteed Rate for the Fixed Account Option is assigned at Contract issue and will not change for the life of your Contract. We will determine any interest we credit to amounts allocated to the Fixed Account in excess of the Minimum Guaranteed Interest Rate at our sole discretion. We have no specific formula for determining the interest rate. Some factors we may consider are regulatory and tax requirements, general economic trends and competitive factors. Renewal Guaranteed Rates for the Fixed Account declared on Contract Anniversaries may be different from the Guaranteed Rates applied to new Purchase Payments offered at the same time, subject to the Minimum Guaranteed Rate for the Fixed Account. You bear the risk that the Guaranteed Rates we declare each Contract Anniversary for the Fixed Account Option will not exceed the Minimum Guaranteed Rate or the initial declared rate. 0.005 The Fixed Account Option Value may be transferred to the available ILOs every Contract Anniversary. ILO Value may transferred into the Fixed Account Option on Term End Dates, which will fall on Contract Anniversaries. We will send you a notice 30 days prior to a Contract Anniversary explaining the ILOs available to you for transfer or reallocation on the upcoming Contract Anniversary, reminding you to review any transfer instructions you may have previously submitted to us, and directing you to our website where you can view renewal Guaranteed Rates and ILO crediting rates declared for the next Term. We will send you a notice 30 days prior to a Contract Anniversary explaining the ILOs available to you for transfer or reallocation on the upcoming Contract Anniversary, reminding you to review any transfer instructions you may have previously submitted to us, and directing you to our website where you can view renewal Guaranteed Rates and ILO crediting rates declared for the next Term. true If you do not provide new allocation instructions to transfer any of your Fixed Account Option Value to one or more of the available ILOs, on the Contract Anniversary, such amount will automatically be reinvested into the Fixed Account Option for another year, subject to the renewal Guaranteed Rate, unless you withdraw the amount from the Contract. Amounts automatically reinvested into the Fixed Account may not be transferred until the next Contract Anniversary. Withdrawals from the Fixed Account Option will reduce the Fixed Account Option Value and the death benefit by the amount requested on a dollar-for-dollar basis. Withdrawals and surrenders from the Fixed Account may be subject to surrender charges, taxes, and tax penalties. Any applicable surrender charge, taxes, and tax penalties will be deducted from the amount you receive from a withdrawal or surrender. See ACCESS TO YOUR MONEY for more information on how withdrawals affect the Contract Value and benefits. Surrenders, death benefit payments, and annuitization from the Fixed Account Option are subject to minimum amounts required by state law. This amount is known as the Fixed Account Option Guaranteed Minimum Surrender Value. The Fixed Account Option Guaranteed Minimum Surrender Value is equal to all amounts allocated to the Fixed Account Option multiplied by 87.5%, adjusted for any partial withdrawals or transfers from the Fixed Account Option, then accumulated at the non-forfeiture rate, which ranges from 0.15% to 3.00% depending on the applicable state law. See APPENDIX D: STATE VARIATIONS for more information. The Fixed Account Option Guaranteed Minimum Surrender Value applies only upon annuitization from the Fixed Account Option, payment of a death benefit, or a surrender from the Fixed Account Option. We guarantee that if one of these events occurs, then the proceeds from the Fixed Account Option (the amount applied to annuity payments or paid for a surrender or death benefit) will be at least equal to the minimums required by state law. If necessary to meet this minimum, charges will be waived. THE INDEX-LINKED OPTIONS You can allocate your Purchase Payments and Contract Value to one or more of the ILOs offered under the Contract, in addition to the Fixed Account Option. Each ILO consists of the following components to calculate the ILO Credit: • A reference Index; • A Term; • A Crediting Strategy; and • A Protection Level Each of these components is described in more detail below. Each ILO is offered with the Performance Lock feature. Information regarding the features of each currently-offered ILO, including (i) its name, (ii) its type (e.g., market index, exchange-traded fund, etc.), or a brief statement describing the assets that the Index seeks to track (e.g., U.S. large-cap equities), (iii) its Term length, (iv) its Crediting Strategy, (v) its current limit on Index loss, and (vi) its Minimum Limit on Index Gain for the Crediting Strategy, is available in an appendix to the Prospectus. See APPENDIX A — INTEREST CREDITING OPTIONS AVAILABLE UNDER THE CONTRACT. You may currently allocate your Contract Value to any number of the available ILOs, in addition to the Fixed Account Option. You may have multiple ongoing Terms of different lengths at the same time. Allocations must be in whole percentages only. We generally reserve the right to add or remove ILOs and Indexes, subject to applicable regulatory approvals. We reserve the right to stop offering any of the ILOs to new and existing Contracts, and to close any of the ILOs to new transfers at the end of the Term. We may change the Crediting Strategy rates and Protection Level rates subject to the stated Minimum Limit on Index Gain or maximum rates. If we decide to discontinue offering any ILOs or Indexes, we will amend this Prospectus. An ILO that is currently available may not be available for transfers from other Interest Crediting Options or reallocations of Contract Value into the same ILO for a new Term, or may be closed to new Contract issues. If you reallocate into the same ILO for a consecutive Term, the ILO's underlying Index or features may have changed, or the ILO may no longer be available for investment. If your desired ILO is not available for investment, and you do not provide timely transfer instructions to us, you will automatically be reallocated into the Fixed Account, which may not be acceptable to you. However, the 1-year S&P 500® with Cap Rate with Participation Rate and 10% Buffer ILO will always be available under your Contract. The Minimum Limit on Index Gain for the Cap Rate with Participation Rate strategy for this ILO is a 2% minimum Cap Rate and a 100% minimum Participation Rate for the life of this Contract. We reserve the right to stop offering all but one ILO (the 1-year S&P 500® with Cap Rate with Participation Rate and 10% Buffer ILO), in addition to the Fixed Account Option. In the future, this means that we may not offer ILOs with any other Protection Level other than a 10% Buffer and any other Crediting Strategy other than a Cap Rate with Participation Rate. We do not guarantee a minimum Dual Direction Buffer Rate, and we do not guarantee that we will always offer ILOs with a Dual Direction Buffer. If we stop offering all but one ILO (the 1-year S&P 500® with Cap Rate with Participation Rate and 10% Buffer ILO), you will be limited to investing in only one ILO and the Fixed Account Option. The terms and features of that ILO may not meet your investment objectives or be suitable for your financial goals, and this Contract may not be appropriate for you if you intend to invest solely in ILOs with a Dual Direction Buffer. Any ILOs we offer in the future (in addition to the 1-year S&P 500® with Cap Rate with Participation Rate and 10% Buffer ILO) will always have some level of downside protection, but we do not guarantee a minimum level. If, in the future, you are not satisfied with the available ILOs, you may choose to surrender your Contract, but you may be subject to surrender charges, taxes, and tax penalties, and the calculation of the surrender amount based on Interim Value if the surrender is made before the end of a Term. If you purchase another retirement vehicle, it may have different features, fees, and risks than the Contract. Discuss with your financial professional whether the Contract is appropriate for you given our right to make such changes to the available ILOs. INDEX-LINKED OPTION TERM The Term is the investment duration of an ILO Vintage. This is the period of time we use to measure the change in Index Price and credit interest, if any, to your Contract. We measure the change in Index Price, or the Index Return, on a Point to Point basis (with the exception of SecureCap ILOs, which measure the Index Return on an annual basis. See INDEX-LINKED OPTION VALUE – SecureCap Index-Linked Options for more information). A Point to Point basis means that we compare the Index Price on the Term Start Date to the Index Price on the Term End Date to determine the Index Return. The Index Return is used to calculate the value of the ILO Credit we apply to your Contract (which may be positive, negative, or equal to zero) at the end of the Term. We currently offer Terms of 1 Contract Year, 2 Contract Years, 3 Contract Years, and 6 Contract Years. However, if the Pre-Anniversary Transfer option is elected, the Term Start Date for that ILO Vintage will be the date the Pre-Anniversary Transfer is processed. As a result, the Term length of the new ILO Vintage will be extended by the number of days remaining in the current Contract Year. See TRANSFERS AND REALLOCATIONS for more information on transfers and reallocations. Term Start Date Generally, the Term Start Date is the Contract Anniversary date that a new Term begins. On this date, Contract Value (or your Purchase Payment) is allocated to the ILO Vintage and the starting Index Price is determined. The Term Start Date for your initial Purchase Payment is the Contract Issue Date. The Term Start Date for any Subsequent Purchase Payments is the Business Day the Subsequent Purchase Payment is received prior to market close (typically 4:00 pm Eastern Time). Because of this, Subsequent Purchase Payments will not be invested for the full initial Term. If ILO Value is reallocated into a new ILO Vintage as a result of the Pre-Anniversary Transfer option, the Term Start Date for that ILO Vintage will be the date the Pre-Anniversary Transfer is processed. All other Term Start Dates will be on a Contract Anniversary, on which date you may transfer Contract Value to other Interest Crediting Options and/or reallocate Contract Value into the same ILO for a new Term or into the Fixed Account Option. See TRANSFERS AND REALLOCATIONS for more information on transfers and reallocations. Term End Date The Term End Date is the Contract Anniversary date that the Term ends. Each Term End Date is also the Term Start Date for the next Term. All Purchase Payments in an ILO will have the same Term End Date regardless of when they were received. For ILOs that credit returns on Point to Point Basis, assuming the Performance Lock feature is not exercised during the Term, on the Term End Date, the ending Index Price is determined and the Index Return for the Term is calculated. If the Contract Anniversary falls on a non-Business Day, then the Index Return will be determined based on values of the prior Business Day. Assuming the Performance Lock is not exercised, SecureCap ILOs determine the Index Return annually on the Contract Anniversary at the end of each Annual Period during the Term. See INDEX-LINKED OPTION VALUE – SecureCap Index-Linked Options for more information. On the Term End Date, your ILO Credit will be added to or subtracted from your Investment Base. The amount of the positive or negative ILO Credit will depend on the Index Return and the applicable ILO Crediting Strategy or Protection Level. Assuming the Performance Lock feature was not exercised during the Term, the Term End Date (which is also the next Term Start Date) is the date on which the resulting ILO Value may be transferred and/or reallocated into the same or other Interest Crediting Options. See TRANSFERS AND REALLOCATIONS for more information on transfers and reallocations. Amounts must remain in an ILO Vintage until the end of the Term to receive all or partial interest, as applicable, and to avoid a possible Interim Value Calculation and Adjustment to the ILO Value, in addition to any applicable surrender charges, taxes, and tax penalties. Any surrenders (including Free Look surrenders), withdrawals (including RMDs, free withdrawal amounts, pre-authorized withdrawals, and rider charges), Performance Lock, death benefit payment, and amounts applied to an Annuity Option from the ILO Vintages before the end of a Term will trigger an Interim Value Calculation (and an Interim Value Adjustment to the Investment Base, Annual Period Value (if applicable) and death benefit if the Contract is not terminated or annuitized). See FEES, CHARGES, AND ADJUSTMENTS — INTERIM VALUE ADJUSTMENT; and ACCESS TO YOUR MONEY — EFFECT OF WITHDRAWALS AND SURRENDERS for more information. If you invest in a multi-year ILO, you will only be able to withdraw or surrender ILO Value from the ILO without triggering an Interim Value Calculation and Adjustment at the end of the applicable multi-year Term, which may not be for several Contract Years. This may reduce your ability to access your Contract Value to meet your liquidity needs or for other purposes, and may increase the risk that an Interim Value Calculation will be applied to the death benefit payment and amounts applied to an Annuity Option. The potential for gains may be higher for multi-year ILOs than for 1-year ILOs. This is because Index Return is measured on a Point to Point basis, or at the end of each Annual Period for SecureCap ILOs, which means that the Index Return for a multi-year ILO is measured over the course of a longer period of time instead of 1 Contract Year. A longer ILO Term provides more exposure to potential gains, in addition to potential losses. THE INDEXES The Indexes under the ILOs are the benchmarks used to establish the starting and ending Index Prices and the Index Return for each Term or Annual Period. An investment in an ILO is not an investment in the Index, ETF, or any Index fund. Each Index (and ETF) is a price return index, not a total return index, and therefore its performance does not reflect any dividends or distributions paid by the Index’s component companies. If dividends and other distributions were included, the Index performance would be higher. For the ETFs, performance is based on closing value. Each ILO determines the ILO Credit applied to your Investment Base at the end of each Term based on the performance of one (or three, in the case of the Performance Mix ILOs) of the following Indexes, each covering different asset classes. You may lose a significant amount of money if the Index declines in value. The following Indexes are currently available: • S&P 500®. Widely regarded as the best gauge of the U.S. stock market, this index tracks the performance of 500 large companies in leading industries of the U.S. economy. • MSCI EAFE. The MSCI EAFE (Morgan Stanley Capital International, Europe, Australasia, and Far East) Index is composed of large- and mid-capitalization companies across 21 developed markets around the world, including countries in Europe, Australia, and the Far East, but excluding the U.S. and Canada. • First Trust Growth Strength Net Fee Index. The First Trust Growth Strength Net Fee Index seeks to identify high quality companies with a history of revenue and cash flow growth. Through a multi-factor approach, the Index screens for well- capitalized companies with strong balance sheets that also exhibit profit and revenue growth over a sustained period of time. The Index begins with the largest 500 securities by float-adjusted market capitalization with a minimum three-month average daily trading volume of $5 million within the Nasdaq U.S. Benchmark Index. To be eligible for inclusion, companies must have at least $1 billion (USD) in cash and short-term investments, a long-term debt to market capitalization ratio of less than 30% and a return on equity greater than 15%. Remaining securities are ranked by their three-year revenue percentage growth and three-year cash flow percentage growth with the top 50 securities selected by combined ranking. If there are more than 15 securities from any one industry, the security with the lowest ranking will be removed and replaced with the next eligible security from a different industry. The securities are equally-weighted, rebalanced and reconstituted quarterly. The daily performance of the Index is reduced by 0.65% per annum. • Invesco QQQ ETF (QQQ). The Invesco QQQ ETF is an exchange-traded fund that seeks to track the investment results of the Nasdaq-100 Index®. The Index includes the 100 largest non-financial companies listed on The Nasdaq Stock Market® LLC based on market cap. • iShares® Russell 2000 ETF (IWM). The iShares® Russell 2000 ETF seeks to track the investment results of the Russell® 2000 Index, an index composed of small-capitalization U.S. equities. The Russell® 2000 Index measures the performance of the small capitalization sector of the U.S. equity market, as defined by FTSE Russell. Performance Mix. Performance Mix Crediting Strategies measures the performance of a combination of three Indexes: The S&P 500®, the iShares® Russell 2000 ETF, and the MSCI EAFE. The Index Return of the Performance Mix is determined based on the combined weighted average of those stated Indexes: 50% is based on the Index with the highest return, 30% is based on the Index with the next best return, and 20% is based on the Index with the lowest return. There are risks associated with each of the Indexes. See PRINCIPAL RISKS OF INVESTING IN THE CONTRACT — INDEX RISKS and INVESTMENT RISKS FOR THE MARKET INDEXES for more information about these risks. Please also see APPENDIX B — INDEX DISCLOSURES for more information about the Indexes. Replacing an Index We reserve the right to add, remove or replace any Index at any time, subject to applicable regulatory approvals. We will notify you in writing at least 30 days prior to replacing an Index. Changes to the ILO Crediting Strategies, if any, occur at the start of the next Term. If we add or remove an Index (as opposed to replacing an Index with another Index), the changes will not be effective for your Contract until the start of the next Term. We may remove or replace an Index if it is discontinued, if the calculation of the Index is substantially changed by the Index provider, if Index values should become unavailable for any reason, if hedging instruments become difficult to acquire or the cost of hedging becomes excessive, or if its investment objectives, strategies, or risks substantially change. The new Index may not be desirable to you. If we substitute an Index, we will attempt to select a new Index that we determine in our judgment is comparable to the original Index. In making this evaluation, we will look at factors such as asset class, Index composition, strategy or methodology inherent to the Index and Index liquidity. We may replace an Index at any time during a Term. If we replace an Index during a Term, we will calculate the Index Return using the original Index up until the replacement date. After the replacement date, we will calculate the Index Return using the new Index, but with a modified starting Index Price for the new Index. The modified starting Index Price for the new Index will reflect the Index Return for the original Index from the start of the Term to the replacement date. If we replace an Index during the Term, the ILO Crediting Strategy and Protection Level for the current Term will not change. The Index Return for the new Index will be utilized when determining the ILO Credit on the Term End Date even if the Index is substituted near the end of the Term. The performance of the new Index may differ from the original Index, and this may negatively affect the interest that you earn during that Term. You may receive a greater loss or lower gain than if we continued to use the original Index for the entire Term. You will have no right to reject the replacement of an Index during a Term, and you will not be permitted to transfer ILO Value until the end of the Term unless you exercise a Performance Lock and elect Pre-Anniversary Transfer. If we substitute an Index and you do not wish to remain invested in the relevant ILO Vintage for the remainder of the Term, your only options will be to withdraw the ILO Value or surrender the Contract, or exercise the Performance Lock feature and transfer your ILO Value on the next Contract Anniversary or sooner with Pre-Anniversary Transfer. All of these options will trigger an Interim Value calculation, and taking a withdrawal or surrender may cause you to incur surrender charges, taxes, and tax penalties. See FEES, CHARGES, AND ADJUSTMENTS, and ACCESS TO YOUR MONEY. Example: Index Return Calculation When the Index is Replaced During a Term Index Return on replacement date for original Index <table cellpadding="0" style="border-collapse:collapse; border-spacing: 0px;" width="77%"> <tr style="font-size:1pt;"> <td style="width:61.02%;"> </td> <td style="width:38.98%;"> </td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Original Index Price at beginning of Term</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 4,000</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Original Index Price on replacement date</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 4,050</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Index Return for old Index on replacement date</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> (4,050 – 4,000) / 4,000 = 1.25%</td></tr> </table> The Index Return percentage on the replacement date is then used to calculate the modified starting Index Price for the new Index. Modified starting Index Price for new Index <table cellpadding="0" style="border-collapse:collapse; border-spacing: 0px;" width="77%"> <tr style="font-size:1pt;"> <td style="width:61.02%;"> </td> <td style="width:38.98%;"> </td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Index Return for original Index on replacement date</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 1.25%</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Index Price for new Index on replacement date</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 20,250</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Modified starting Index Price for new Index</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 20,250 / (1 + 1.25%) = 20,000</td></tr> </table> The Index Return calculation for the Term is then determined based on the change between the modified starting Index Price for the new Index, and the ending Index Price for the new Index. INDEX PERFORMANCE EXAMPLES The bar charts shown below provide each Index’s annual returns for the last 10 calendar years (or for the life of the Index if less than 10 years), as well as the Index Returns after applying a hypothetical 5% Cap Rate and a hypothetical -10% Buffer Rate. The charts illustrate the variability of the returns from year to year and shows how hypothetical limits on Index gains and losses may affect these returns. Past performance is not necessarily an indication of future performance. The performances below are NOT the performance of any ILO. Your performance under the Contract will differ, perhaps significantly. The performances below may reflect a different return calculation, time period, and limit on Index gains and losses than the ILOs, and does not reflect Contract fees and charges, including surrender charges and the Interim Value Calculation, which reduce performance. S&P 500®* <img alt="" src="tm2624127d5_prospectusi001.jpg"/> <img alt="" src="tm2624127d5_prospectusi002.jpg"/> * Index is a “price return index,” not a “total return index,” and therefore does not reflect the dividends paid on the assets composing the Index, which will reduce the Index Return and cause the Index to underperform a direct investment in the securities composing the Index. MSCI EAFE* <img alt="" src="tm2624127d5_prospectusi003.jpg"/> <img alt="" src="tm2624127d5_prospectusi002.jpg"/> * Index is a “price return index,” not a “total return index,” and therefore does not reflect the dividends paid on the assets composing the Index, which will reduce the Index Return and cause the Index to underperform a direct investment in the securities composing the Index. First Trust Growth Strength Net Fee Index* There is only one year of historical performance data for this Index as of the date of this Prospectus. <img alt="" src="tm2624127d5_prospectusi004.jpg"/> <img alt="" src="tm2624127d5_prospectusi002.jpg"/> * Index is a “price return index,” not a “total return index,” and therefore does not reflect the dividends paid on the assets composing the Index. Additionally, the First Trust Growth Strength Net Fee Index deducts a fee when calculating Index performance. This will reduce the Index Return and cause the Index to underperform a direct investment in the securities composing the Index. Invesco QQQ ETF (QQQ)* <img alt="" src="tm2624127d5_prospectusi005.jpg"/> <img alt="" src="tm2624127d5_prospectusi002.jpg"/> * Index is a “price return index,” not a “total return index,” and therefore does not reflect the dividends paid on the assets composing the Index, which will reduce the Index Return and cause the Index to underperform a direct investment in the securities composing the Index. iShares® Russell 2000 ETF (IWM)* <img alt="" src="tm2624127d5_prospectusi006.jpg"/> <img alt="" src="tm2624127d5_prospectusi002.jpg"/>* * Index is a “price return index,” not a “total return index,” and therefore does not reflect the dividends paid on the assets composing the Index, which will reduce the Index Return and cause the Index to underperform a direct investment in the securities composing the Index. Each of these components is described in more detail below. Each ILO is offered with the Performance Lock feature. Information regarding the features of each currently-offered ILO, including (i) its name, (ii) its type (e.g., market index, exchange-traded fund, etc.), or a brief statement describing the assets that the Index seeks to track (e.g., U.S. large-cap equities), (iii) its Term length, (iv) its Crediting Strategy, (v) its current limit on Index loss, and (vi) its Minimum Limit on Index Gain for the Crediting Strategy, is available in an appendix to the Prospectus. See APPENDIX A — INTEREST CREDITING OPTIONS AVAILABLE UNDER THE CONTRACT. Information regarding the features of each currently-offered ILO, including (i) its name, (ii) its type (e.g., market index, exchange-traded fund, etc.), or a brief statement describing the assets that the Index seeks to track (e.g., U.S. large-cap equities), (iii) its Term length, (iv) its Crediting Strategy, (v) its current limit on Index loss, and (vi) its Minimum Limit on Index Gain for the Crediting Strategy, is available in an appendix to the Prospectus. See APPENDIX A — INTEREST CREDITING OPTIONS AVAILABLE UNDER THE CONTRACT. We do not guarantee a minimum Dual Direction Buffer Rate, and we do not guarantee that we will always offer ILOs with a Dual Direction Buffer. Amounts must remain in an ILO Vintage until the end of the Term to receive all or partial interest, as applicable, and to avoid a possible Interim Value Calculation and Adjustment to the ILO Value, in addition to any applicable surrender charges, taxes, and tax penalties. Any surrenders (including Free Look surrenders), withdrawals (including RMDs, free withdrawal amounts, pre-authorized withdrawals, and rider charges), Performance Lock, death benefit payment, and amounts applied to an Annuity Option from the ILO Vintages before the end of a Term will trigger an Interim Value Calculation (and an Interim Value Adjustment to the Investment Base, Annual Period Value (if applicable) and death benefit if the Contract is not terminated or annuitized). An investment in an ILO is not an investment in the Index, ETF, or any Index fund. Each Index (and ETF) is a price return index, not a total return index, and therefore its performance does not reflect any dividends or distributions paid by the Index’s component companies. Each ILO determines the ILO Credit applied to your Investment Base at the end of each Term based on the performance of one (or three, in the case of the Performance Mix ILOs) of the following Indexes, each covering different asset classes. You may lose a significant amount of money if the Index declines in value. • S&P 500®. Widely regarded as the best gauge of the U.S. stock market, this index tracks the performance of 500 large companies in leading industries of the U.S. economy. • MSCI EAFE. The MSCI EAFE (Morgan Stanley Capital International, Europe, Australasia, and Far East) Index is composed of large- and mid-capitalization companies across 21 developed markets around the world, including countries in Europe, Australia, and the Far East, but excluding the U.S. and Canada. • First Trust Growth Strength Net Fee Index. The First Trust Growth Strength Net Fee Index seeks to identify high quality companies with a history of revenue and cash flow growth. Through a multi-factor approach, the Index screens for well- capitalized companies with strong balance sheets that also exhibit profit and revenue growth over a sustained period of time. The Index begins with the largest 500 securities by float-adjusted market capitalization with a minimum three-month average daily trading volume of $5 million within the Nasdaq U.S. Benchmark Index. To be eligible for inclusion, companies must have at least $1 billion (USD) in cash and short-term investments, a long-term debt to market capitalization ratio of less than 30% and a return on equity greater than 15%. Remaining securities are ranked by their three-year revenue percentage growth and three-year cash flow percentage growth with the top 50 securities selected by combined ranking. If there are more than 15 securities from any one industry, the security with the lowest ranking will be removed and replaced with the next eligible security from a different industry. The securities are equally-weighted, rebalanced and reconstituted quarterly. The daily performance of the Index is reduced by 0.65% per annum. • Invesco QQQ ETF (QQQ). The Invesco QQQ ETF is an exchange-traded fund that seeks to track the investment results of the Nasdaq-100 Index®. The Index includes the 100 largest non-financial companies listed on The Nasdaq Stock Market® LLC based on market cap. • iShares® Russell 2000 ETF (IWM). The iShares® Russell 2000 ETF seeks to track the investment results of the Russell® 2000 Index, an index composed of small-capitalization U.S. equities. The Russell® 2000 Index measures the performance of the small capitalization sector of the U.S. equity market, as defined by FTSE Russell. Replacing an Index We reserve the right to add, remove or replace any Index at any time, subject to applicable regulatory approvals. We will notify you in writing at least 30 days prior to replacing an Index. Changes to the ILO Crediting Strategies, if any, occur at the start of the next Term. If we add or remove an Index (as opposed to replacing an Index with another Index), the changes will not be effective for your Contract until the start of the next Term. We may remove or replace an Index if it is discontinued, if the calculation of the Index is substantially changed by the Index provider, if Index values should become unavailable for any reason, if hedging instruments become difficult to acquire or the cost of hedging becomes excessive, or if its investment objectives, strategies, or risks substantially change. The new Index may not be desirable to you. If we substitute an Index, we will attempt to select a new Index that we determine in our judgment is comparable to the original Index. In making this evaluation, we will look at factors such as asset class, Index composition, strategy or methodology inherent to the Index and Index liquidity. We may replace an Index at any time during a Term. If we replace an Index during a Term, we will calculate the Index Return using the original Index up until the replacement date. After the replacement date, we will calculate the Index Return using the new Index, but with a modified starting Index Price for the new Index. The modified starting Index Price for the new Index will reflect the Index Return for the original Index from the start of the Term to the replacement date. If we replace an Index during the Term, the ILO Crediting Strategy and Protection Level for the current Term will not change. The Index Return for the new Index will be utilized when determining the ILO Credit on the Term End Date even if the Index is substituted near the end of the Term. The performance of the new Index may differ from the original Index, and this may negatively affect the interest that you earn during that Term. You may receive a greater loss or lower gain than if we continued to use the original Index for the entire Term. You will have no right to reject the replacement of an Index during a Term, and you will not be permitted to transfer ILO Value until the end of the Term unless you exercise a Performance Lock and elect Pre-Anniversary Transfer. If we substitute an Index and you do not wish to remain invested in the relevant ILO Vintage for the remainder of the Term, your only options will be to withdraw the ILO Value or surrender the Contract, or exercise the Performance Lock feature and transfer your ILO Value on the next Contract Anniversary or sooner with Pre-Anniversary Transfer. All of these options will trigger an Interim Value calculation, and taking a withdrawal or surrender may cause you to incur surrender charges, taxes, and tax penalties. See FEES, CHARGES, AND ADJUSTMENTS, and ACCESS TO YOUR MONEY. Example: Index Return Calculation When the Index is Replaced During a Term Index Return on replacement date for original Index <table cellpadding="0" style="border-collapse:collapse; border-spacing: 0px;" width="77%"> <tr style="font-size:1pt;"> <td style="width:61.02%;"> </td> <td style="width:38.98%;"> </td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Original Index Price at beginning of Term</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 4,000</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Original Index Price on replacement date</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 4,050</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Index Return for old Index on replacement date</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> (4,050 – 4,000) / 4,000 = 1.25%</td></tr> </table> The Index Return percentage on the replacement date is then used to calculate the modified starting Index Price for the new Index. Modified starting Index Price for new Index <table cellpadding="0" style="border-collapse:collapse; border-spacing: 0px;" width="77%"> <tr style="font-size:1pt;"> <td style="width:61.02%;"> </td> <td style="width:38.98%;"> </td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Index Return for original Index on replacement date</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 1.25%</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Index Price for new Index on replacement date</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 20,250</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Modified starting Index Price for new Index</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 20,250 / (1 + 1.25%) = 20,000</td></tr> </table> The Index Return calculation for the Term is then determined based on the change between the modified starting Index Price for the new Index, and the ending Index Price for the new Index. We reserve the right to add, remove or replace any Index at any time, subject to applicable regulatory approvals. We will notify you in writing at least 30 days prior to replacing an Index. Changes to the ILO Crediting Strategies, if any, occur at the start of the next Term. If we add or remove an Index (as opposed to replacing an Index with another Index), the changes will not be effective for your Contract until the start of the next Term. We will notify you in writing at least 30 days prior to replacing an Index. Changes to the ILO Crediting Strategies, if any, occur at the start of the next Term. We may remove or replace an Index if it is discontinued, if the calculation of the Index is substantially changed by the Index provider, if Index values should become unavailable for any reason, if hedging instruments become difficult to acquire or the cost of hedging becomes excessive, or if its investment objectives, strategies, or risks substantially change. If we substitute an Index, we will attempt to select a new Index that we determine in our judgment is comparable to the original Index. In making this evaluation, we will look at factors such as asset class, Index composition, strategy or methodology inherent to the Index and Index liquidity. We may replace an Index at any time during a Term. If we replace an Index during a Term, we will calculate the Index Return using the original Index up until the replacement date. After the replacement date, we will calculate the Index Return using the new Index, but with a modified starting Index Price for the new Index. The modified starting Index Price for the new Index will reflect the Index Return for the original Index from the start of the Term to the replacement date. If we replace an Index during the Term, the ILO Crediting Strategy and Protection Level for the current Term will not change. The bar charts shown below provide each Index’s annual returns for the last 10 calendar years (or for the life of the Index if less than 10 years), as well as the Index Returns after applying a hypothetical 5% Cap Rate and a hypothetical -10% Buffer Rate. The charts illustrate the variability of the returns from year to year and shows how hypothetical limits on Index gains and losses may affect these returns. Past performance is not necessarily an indication of future performance. The performances below are NOT the performance of any ILO. Your performance under the Contract will differ, perhaps significantly. The performances below may reflect a different return calculation, time period, and limit on Index gains and losses than the ILOs, and does not reflect Contract fees and charges, including surrender charges and the Interim Value Calculation, which reduce performance. S&P 500®* <img alt="" src="tm2624127d5_prospectusi001.jpg"/> <img alt="" src="tm2624127d5_prospectusi002.jpg"/> * Index is a “price return index,” not a “total return index,” and therefore does not reflect the dividends paid on the assets composing the Index, which will reduce the Index Return and cause the Index to underperform a direct investment in the securities composing the Index. Index is a “price return index,” not a “total return index,” and therefore does not reflect the dividends paid on the assets composing the Index, which will reduce the Index Return and cause the Index to underperform a direct investment in the securities composing the Index. MSCI EAFE* <img alt="" src="tm2624127d5_prospectusi003.jpg"/> <img alt="" src="tm2624127d5_prospectusi002.jpg"/> * Index is a “price return index,” not a “total return index,” and therefore does not reflect the dividends paid on the assets composing the Index, which will reduce the Index Return and cause the Index to underperform a direct investment in the securities composing the Index. Index is a “price return index,” not a “total return index,” and therefore does not reflect the dividends paid on the assets composing the Index, which will reduce the Index Return and cause the Index to underperform a direct investment in the securities composing the Index. First Trust Growth Strength Net Fee Index* There is only one year of historical performance data for this Index as of the date of this Prospectus. <img alt="" src="tm2624127d5_prospectusi004.jpg"/> <img alt="" src="tm2624127d5_prospectusi002.jpg"/> * Index is a “price return index,” not a “total return index,” and therefore does not reflect the dividends paid on the assets composing the Index. Additionally, the First Trust Growth Strength Net Fee Index deducts a fee when calculating Index performance. This will reduce the Index Return and cause the Index to underperform a direct investment in the securities composing the Index. Index is a “price return index,” not a “total return index,” and therefore does not reflect the dividends paid on the assets composing the Index. Additionally, the First Trust Growth Strength Net Fee Index deducts a fee when calculating Index performance. This will reduce the Index Return and cause the Index to underperform a direct investment in the securities composing the Index. Additionally, the First Trust Growth Strength Net Fee Index deducts a fee when calculating Index performance. This will reduce the Index Return and cause the Index to underperform a direct investment in the securities composing the Index. Invesco QQQ ETF (QQQ)* <img alt="" src="tm2624127d5_prospectusi005.jpg"/> <img alt="" src="tm2624127d5_prospectusi002.jpg"/> * Index is a “price return index,” not a “total return index,” and therefore does not reflect the dividends paid on the assets composing the Index, which will reduce the Index Return and cause the Index to underperform a direct investment in the securities composing the Index. Index is a “price return index,” not a “total return index,” and therefore does not reflect the dividends paid on the assets composing the Index, which will reduce the Index Return and cause the Index to underperform a direct investment in the securities composing the Index. iShares® Russell 2000 ETF (IWM)* <img alt="" src="tm2624127d5_prospectusi006.jpg"/> <img alt="" src="tm2624127d5_prospectusi002.jpg"/>* * Index is a “price return index,” not a “total return index,” and therefore does not reflect the dividends paid on the assets composing the Index, which will reduce the Index Return and cause the Index to underperform a direct investment in the securities composing the Index. Index is a “price return index,” not a “total return index,” and therefore does not reflect the dividends paid on the assets composing the Index, which will reduce the Index Return and cause the Index to underperform a direct investment in the securities composing the Index. INDEX-LINKED OPTION CREDIT For each ILO Vintage to which you allocate Contract Value, we will add or subtract interest from your Investment Base at the end of the Term (unless you exercise the Performance Lock feature during the Term). The dollar-value of this interest is referred to as the ILO Credit. The ILO Credit may be positive, negative, or equal to zero, based on the Index Return, Crediting Strategy, and Protection Level of the ILO. If the ILO Credit is positive, your Investment Base in that ILO Vintage will be increased by a dollar amount equal to the positive credit. If the ILO Credit is negative, your Investment Base will be decreased by a dollar amount equal to the negative credit. If the ILO Credit is equal to zero, no interest will be credited and your ILO Value at the end of the Term will remain equal to your Investment Base. The ILO Credit is applied before the deduction of charges for any optional riders on the Term End Date. This means that any positive ILO Credit will be reduced by those charges, and any negative ILO Credit will be increased by those charges. A separate ILO Credit will be determined for each ILO Vintage in the same ILO, and will be added to or subtracted from the respective Investment Base. For purposes of calculating the ILO Credit, each ILO Vintage will use the Index price on the Term Start Date. If you allocate Contract Value to multiple ILO Vintages at once, assuming you do not exercise the Performance Lock feature for any ILO Vintage, each ILO Vintage in which you invest will apply a separate ILO Credit for each Term. Even if you receive a positive ILO Credit for one or more ILO Vintages, your overall Contract Value may still be reduced by any negative ILO Credit you receive for other ILO Vintages during that Term. For SecureCap ILOs, the ILO Credit applied to your Investment Base at the end of the Term is separate from the Annual Period Credit applied to your Annual Period Value at the end of each Annual Period. Any gain or loss reflected in your Annual Period Value due to Annual Period Credits are not locked in or credited to your Investment Base until the Term End Date. See INDEX-LINKED OPTION VALUE – SecureCap Index-Linked Options for more information. We will limit the positive Index Return used in calculating the Adjusted Index Return credited to an ILO through the use of the applicable Crediting Strategy. The Crediting Strategy is a method of determining how much positive interest, if any, will be credited to your ILO Investment Base or Annual Period Value (if applicable). Each ILO will apply only one type of Crediting Strategy. The Crediting Strategy is applied to the Index Return to determine the positive Adjusted Index Return. Except for the Cap Rate and Dual Direction Buffer Crediting Strategy, Crediting Strategies are not applied if the Index Return is negative. The Contract offers ILOs with the following Crediting Strategies, as applicable: Cap Rate with Participation Rate, SecureCap and Buffer, Cap Rate with Dual Direction Buffer, Performance Mix with Participation Rate and Cap Rate, and Tiered Participation Rate with Cap Rate. These initial rates apply to all Purchase Payments, and are guaranteed for the length of the initial Term. www.pacificliferates.com The following examples illustrate how we calculate and credit interest under each crediting methodology, assuming hypothetical Index Returns and hypothetical limits on Index gains and losses. The examples assume no withdrawals. The following examples illustrate how we calculate and credit interest under each Protection Level methodology, assuming hypothetical Index Returns and hypothetical limits on Index gains and losses. The examples assume no withdrawals. Cap Rate with Participation Rate. The Cap Rate is a percentage that signifies the maximum amount of positive Adjusted Index Return that can be credited to the Investment Base at the end of the Term for a Point to Point ILO. When Index Return is positive or equal to zero, the Adjusted Index Return will be the lesser of the (Index Return x Participation Rate) or the Cap Rate. This means that any positive Index Return will be multiplied by the Participation Rate but will be limited by the Cap Rate, and will be credited to your Investment Base. Any positive Index Return in excess of the Cap Rate will not be credited to your Investment Base. For any Cap Rate with Participation Rate strategy ILO, the guaranteed minimum Cap Rate for the life of this Contract is 2% for a 1-year ILO, 4% for a 2-year ILO, 6% for a 3-year ILO, and 12% for a 6-year ILO. The minimum Participation Rate for any ILO offered for the life this this Contract is 100%. 0.02 0.04 0.06 0.12 Example: Application of a 10% Cap Rate with a 100% Participation Rate <table cellpadding="0" style="border-collapse:collapse; border-spacing: 0px;" width="77%"> <tr style="font-size:1pt;"> <td style="width:52.03%;"> </td> <td style="width:47.97%;"> </td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Index Return</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Adjusted Index Return</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 0%</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 0%</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 5%</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 5%</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 10%</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 10%</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 15%</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 10%</td></tr> </table> Cap Rate with SecureCap. Similar to a Cap Rate, the Cap Rate with SecureCap is a percentage that signifies the maximum amount of positive Adjusted Index Return that can be credited to the Annual Period Value at the end of each Annual Period. When Index Return is positive or equal to zero, the Adjusted Index Return will be the lesser of the Index Return or the Cap Rate. This means that any positive Index Return up to the Cap Rate will be credited to your Annual Period Value, and any positive Index Return in excess of the Cap Rate will not be credited to your Annual Period Value. Any gains or losses reflected in your Annual Period Value due to Annual Period Credits are not locked in or credited to your Investment Base until the Term End Date when the ILO Credit is applied. For any SecureCap strategy ILO, the guaranteed minimum Cap Rate for the life of this Contract is 2%. For examples demonstrating the application of a Cap Rate with SecureCap, see “SecureCap Index-Linked Options” below. Performance Mix with Participation Rate and Cap Rate. The Performance Mix strategy measures the performance of a combination of three Indexes: The S&P 500®, the iShares® Russell 2000 ETF, and the MSCI EAFE. The Index Return of the Performance Mix is determined based on the combined weighted average of those stated Indexes: 50% is based on the Index with the highest return, 30% is based on the Index with the next best return, and 20% is based on the Index with the lowest return. The calculation of the combined Index Return for the Performance Mix is demonstrated by the following formula: Index Return = [Best Performing Index: 50% x (Ending Index Price – Starting Index Price) / Starting Index Price] + [Next Best Performing Index: 30% x (Ending Index Price – Starting Index Price) / Starting Index Price] + [Lowest Performing Index: 20% x (Ending Index Price – Starting Index Price) / Starting Index Price] The Minimum Limit on Index Gain for the Performance Mix strategy for any ILO offered for the life of this Contract is 50% for the Index with the highest return, 30% for the Index with the next best return, and 20% for the Index with the lowest return. The Participation Rate and Cap Rate are used to determine the Adjusted Index Return. The Participation Rate is a set percentage that determines what portion of the positive combined Index Return for the Term will be used before applying the Cap Rate to determine the ILO Credit. When the combined Index Return is positive, the Adjusted Index Return will be the lesser of the combined Index Return multiplied by the Participation Rate or the Cap Rate. The Participation Rate and Cap Rate are not applied if the combined Index Return is negative. The Cap Rate is the maximum amount of positive Index Return that can be credited to the Investment Base at the end of a Term. The Cap Rate limits the potential positive Index-Linked Option Credit that may be applied at the end of a Term. For any Performance Mix strategy ILO, the guaranteed minimum Participation Rate for the life of this Contract is 100% and the guaranteed minimum Cap Rate for the life of this Contract is 12%. 0.20 Example: Application of a 100% Participation Rate and 80% Cap Rate <table cellpadding="0" style="border-collapse:collapse; border-spacing: 0px;" width="77%"> <tr style="font-size:1pt;"> <td style="width:52.03%;"> </td> <td style="width:47.97%;"> </td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Weighted Index Return</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Adjusted Index Return</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 0%</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 0%</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 30%</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 30%</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 60%</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 60%</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 90%</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 80%</td></tr> </table> Tiered Participation Rate with Cap Rate. The Tiered Participation Rate includes two set percentages that determine what portion of any positive Index Return will be used to determine the ILO Credit. The Tiered Participation Rate provides a Tier One Participation Rate and a Tier Two Participation Rate. Index Return equal to zero and any positive Index Return less than or equal to the Tier Level is multiplied by the Tier One Participation Rate. Positive Index Return in excess of the Tier Level is multiplied by the Tier Two Participation Rate. The Adjusted Index Return is equal to the sum of these two values subject to the Cap Rate. The Tiered Participation Rate and Cap Rate are not applied if the Index Return is negative. The Cap Rate is the maximum amount of positive Index Return that can be credited to the Investment Base at the end of a Term. The Cap Rate limits the potential positive Index-Linked Option Credit that may be applied at the end of a Term. For any Tiered Participation Rate with Cap Rate strategy ILO, the guaranteed minimum Participation Rate for the life of this Contract is 100% and the guaranteed minimum Cap Rate for the life of this Contract is 12%. Example: Application of a Tiered Participation Rate and Cap Rate <table cellpadding="0" style="border-collapse:collapse; border-spacing: 0px;" width="77%"> <tr style="font-size:1pt;"> <td style="width:52.03%;"> </td> <td style="width:47.97%;"> </td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Index Return =</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 75%</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Tier Level =</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 25%</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Tier 1 Participation Rate =</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 100%</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Tier 2 Participation Rate =</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 125%</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Cap Rate</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 80%</td></tr> </table> The Adjusted Index Returns is equal to the sum of the following values subject to the Cap Rate: the Index Return up to the Tier Level (25%) multiplied by the Tier One Participation Rate (100%), plus the Index Return in excess of the Tier Level (determined by subtracting the Tier Level from the Index Return – 75% – 25% = 50%) multiplied by the Tier Two Participation Rate (125%). <table cellpadding="2" style="border-collapse:collapse; border-spacing: 0px;" width="87%"> <tr style="font-size:1pt;"> <td style="width:45.14%;"> </td> <td style="width:54.86%;"> </td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000; border-top:0.5pt; border-top-style:solid; border-top-color:#000000; border-left:0.5pt; border-left-style:solid; border-left-color:#000000; border-right:0.5pt; border-right-style:solid; border-right-color:#000000; font-size:1pt;"> Adjusted Index Return =80%</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000; border-top:0.5pt; border-top-style:solid; border-top-color:#000000; border-left:0.5pt; border-left-style:solid; border-left-color:#000000; border-right:0.5pt; border-right-style:solid; border-right-color:#000000;"> Lesser of: (0.25 x 100%) + [(0.75 – 0.25) x 125%] = 0.875 = 87.5% or 80% Cap Rate </td></tr> </table> Crediting Strategy Considerations We set the rates for the Crediting Strategies at our discretion, subject to Minimum Limits on Index Gain. We consider various factors in determining the limits on Index gains, including market conditions, regulatory and tax requirements, competitive factors, administrative costs, risk management, and general economic trends. In addition, initial and renewal Crediting Strategy rates may vary depending Crediting Strategy type, Protection Level, or Term length. If you allocate Contract Value to an ILO with a Cap Rate or Annual Cap Rate, the highest possible Adjusted Index Return that you may earn for a given Term or Annual Period is the Cap Rate or Annual Cap Rate. As a result, you will only be credited with a maximum amount of interest even if the positive Index Return is much greater than the Cap Rate or Annual Cap Rate. Additionally, Cap Rates for ILOs with multi-year Terms apply on a Point to Point basis. This means that the Cap Rate is applied to the Index Return for the entire Term, not on an annual basis. SecureCap ILOs apply the Cap Rate on an annual basis at the end of each Annual Period. The highest possible Adjusted Index Return that you may earn for a given Annual Period is the Cap Rate. If you allocate Contract Value to an ILO with a Participation Rate or Tiered Participation Rate, the crediting Strategy may limit your participation in any positive Index Return. For multi-year Terms, the Participation Rate and Tiered Participation Rate apply on a Point to Point basis. This means that the Participation Rate or Tiered Participation Rate is applied to the Index Return for the entire Term, not on an annual basis. If you allocate Contract Value to an ILO with a Cap Rate or Annual Cap Rate, the highest possible Adjusted Index Return that you may earn for a given Term or Annual Period is the Cap Rate or Annual Cap Rate. As a result, you will only be credited with a maximum amount of interest even if the positive Index Return is much greater than the Cap Rate or Annual Cap Rate. Additionally, Cap Rates for ILOs with multi-year Terms apply on a Point to Point basis. This means that the Cap Rate is applied to the Index Return for the entire Term, not on an annual basis. SecureCap ILOs apply the Cap Rate on an annual basis at the end of each Annual Period. The highest possible Adjusted Index Return that you may earn for a given Annual Period is the Cap Rate. Protection Levels We will limit the negative Index Return used in calculating the Adjusted Index Return credited to an ILO Vintage at the end of each Term (or Annual Period) through the use of the applicable Protection Level. Unless you select the 100% Buffer, the Protection Levels provide only limited protection against downside risk at the end of a Term or Annual Period. You may lose money. When you invest Contract Value in the ILOs, you bear the risk that negative Index performance may cause the Adjusted Index Return to be negative even after the application of the Protection Level. ILOs with Buffer Protection Levels of 100% offer full protection on the Term End Date in the event of market decline. Each ILO includes a Protection Level in the form of a Buffer or Dual Direction Buffer, which may limit how much loss you will incur at the end of the Term (or Annual Period) when the Index Return is negative. The Protection Level does not apply when the Index Return is positive or equal to zero. On the Term End Date (or end of the Annual Period), the applicable Protection Level is applied to the negative Index Return to determine the Adjusted Index Return. For multi-year ILOs, the Protection Level is applied on a Point to Point basis and is not annualized (except for SecureCap ILOs, which apply the Protection Level to the negative Index Return annually at the end of each 1-year Annual Period during the Term). This means that for multi-year Point to Point ILOs, the Buffer or Dual Direction Buffer is applied to the Index Return for the entire Term, not on an annual basis. We reserve the right to stop offering all but one ILO. The S&P 500® 1-year ILO with Cap Rate with Participation Rate and 10% Buffer will always be available under your Contract. In the future, this means that we may not offer ILOs with any other Protection Level other than a 10% Buffer and any other Crediting Strategy other than a Cap Rate with Participation Rate. We do not guarantee a minimum Dual Direction Buffer Rate, and we do not guarantee that we will always offer ILOs with a Dual Direction Buffer. If we stop offering all but one ILO (the 1-year S&P 500® with Cap Rate with Participation Rate and 10% Buffer ILO), you will be limited to investing in only one ILO and the Fixed Account Option. The terms and features of that ILO may not meet your investment objectives or be suitable for your financial goals, and this Contract may not be appropriate for you if you intend to invest solely in ILOs with a Dual Direction Buffer. Any ILOs we do offer (in addition to the 1-year S&P 500® with Cap Rate with Participation Rate and 10% Buffer ILO) will always have some level of downside protection, but we do not guarantee a minimum level. If, in the future, you are not satisfied with the available ILOs, you may choose to surrender your Contract, but you may be subject to surrender charges, taxes, and tax penalties, and the calculation of the surrender amount based on Interim Value if the surrender is made before the end of a Term. You may lose money. When you invest Contract Value in the ILOs, you bear the risk that negative Index performance may cause the Adjusted Index Return to be negative even after the application of the Protection Level. We reserve the right to stop offering all but one ILO. The S&P 500® 1-year ILO with Cap Rate with Participation Rate and 10% Buffer will always be available under your Contract. In the future, this means that we may not offer ILOs with any other Protection Level other than a 10% Buffer and any other Crediting Strategy other than a Cap Rate with Participation Rate. We do not guarantee a minimum Dual Direction Buffer Rate, and we do not guarantee that we will always offer ILOs with a Dual Direction Buffer. If we stop offering all but one ILO (the 1-year S&P 500® with Cap Rate with Participation Rate and 10% Buffer ILO), you will be limited to investing in only one ILO and the Fixed Account Option. The terms and features of that ILO may not meet your investment objectives or be suitable for your financial goals, and this Contract may not be appropriate for you if you intend to invest solely in ILOs with a Dual Direction Buffer. Any ILOs we do offer (in addition to the 1-year S&P 500® with Cap Rate with Participation Rate and 10% Buffer ILO) will always have some level of downside protection, but we do not guarantee a minimum level. If, in the future, you are not satisfied with the available ILOs, you may choose to surrender your Contract, but you may be subject to surrender charges, taxes, and tax penalties, and the calculation of the surrender amount based on Interim Value if the surrender is made before the end of a Term. Buffer. The Buffer Rate is the maximum loss we will protect you from at the end of the Term or Annual Period. We protect your ILO Value (or Annual Period Value) from any loss up to and including the Buffer Rate. When the Index Return is negative, then the Adjusted Index Return is equal to the lesser of the negative Index Return plus the Buffer Rate, or zero. You will only incur a loss by the amount that the Index Return has declined in excess of the Buffer Rate. If the Index Return has declined less than or up to your Buffer Rate, your Adjusted Index Return will be zero. We currently offer Buffer Rates of 10%, 15%, 20%, and 100% depending on which ILO(s) you choose. Buffers of 100% provide complete protection on the Term End Date in the event of market decline. See “SecureCap Index-Linked Options” below for more information about the SecureCap ILOs. 0.10 0.15 0.20 1 Example: Application of 10% Buffer Rate <table cellpadding="0" style="border-collapse:collapse; border-spacing: 0px;" width="77%"> <tr style="font-size:1pt;"> <td style="width:52.03%;"> </td> <td style="width:47.97%;"> </td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Index Return</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Adjusted Index Return</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> -5%</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 0%</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> -10%</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 0%</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> -15%</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> -5%</td></tr> </table> <table cellpadding="0" style="border-collapse:collapse; border-spacing: 0px;" width="77%"> <tr style="font-size:1pt;"> <td style="width:52.03%;"> </td> <td style="width:47.97%;"> </td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> -20%</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> -10%</td></tr> </table> Dual Direction Buffer. Under the Dual Direction Buffer, we protect your ILO Value from any loss up to and including the Dual Direction Buffer Rate. The Dual Direction Buffer is only offered with the Cap Rate with Dual Direction Buffer Crediting Strategy. If the negative Index Return is less than zero and within or equal to the Dual Direction Buffer percentage, the Adjusted Index Return will be a positive rate of interest equal to the absolute value of the Index Return. The absolute value of a number is the value of that number without regard to it being positive or negative. For example, the absolute value of -10 is 10. This means that the absolute value of any negative Index Return up to and including the Dual Direction Buffer Rate will be credited to your Investment Base as positive interest. If the Dual Direction Buffer Rate of the ILO is greater than the Cap Rate, the positive interest credited by the Dual Direction Buffer may exceed the Cap Rate. If negative Index Return exceeds the Dual Direction Buffer Rate, then the Adjusted Index Return is equal to the negative Index Return in excess of the Dual Direction Buffer Rate. You will only incur a loss by the amount that the negative Index Return exceeds the Dual Direction Buffer Rate. Example: Application of 10% Dual Direction Buffer Rate with 8% Cap Rate <table cellpadding="0" style="border-collapse:collapse; border-spacing: 0px;" width="77%"> <tr style="font-size:1pt;"> <td style="width:52.03%;"> </td> <td style="width:47.97%;"> </td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Index Return</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Adjusted Index Return</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> -5%</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 5%</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> -10%</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 10%</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> -15%</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> -5%</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> -20%</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> -10%</td></tr> </table> Protection Level Considerations Protection Levels for the currently-offered ILOs will not change for the life of these ILO offerings. Protection Level rates declared for future ILOs under this Contact may vary depending on the Index, market conditions, Crediting Strategy, and rates, the type of Protection Level, and the Term length. Assuming the same Index and Term length, an ILO that provides more protection from Index losses will generally tend to have less potential for Index gains; conversely, an ILO that provides less protection from Index losses will generally tend to have more potential for Index gains. Because the absolute value of any negative Index Return up and including the Dual Direction Buffer Rate will be credited to your ILO Value as positive interest, a negative Index Return on the Term End Date that is slightly below or slightly above the Dual Direction Buffer Rate can result in very different ILO Credits. You will receive positive interest if the negative Index Return does not exceed the Dual Direction Buffer Rate, and you will receive negative interest if the negative Index Return exceeds the Dual Direction Buffer Rate on the Term End Date. Any negative Index Return in excess of the Dual Direction Buffer Rate will result in negative interest being credited to your ILO Value in the amount that the negative Index Return exceeds the Dual Direction Buffer Rate. For example, if the ILO Dual Direction Buffer Rate is 10%, and the negative Index Return is -10%, your Adjusted Index Return will be 10%. However, if the negative Index Return is -10.01%, your Adjusted Index Return will be -0.01%. Protection Levels for the currently-offered ILOs will not change for the life of these ILO offerings. Protection Level rates declared for future ILOs under this Contact may vary depending on the Index, market conditions, Crediting Strategy, and rates, the type of Protection Level, and the Term length. For example, if the ILO Dual Direction Buffer Rate is 10%, and the negative Index Return is -10%, your Adjusted Index Return will be 10%. However, if the negative Index Return is -10.01%, your Adjusted Index Return will be -0.01%. TRANSFERS AND REALLOCATIONS You may transfer or reallocate Contract Value into one or more of the available ILOs and the Fixed Account Option. You may transfer Contract Value to and from the ILOs among the available Interest Crediting Options, free of charge, or reallocate your ILO Value into the same ILO for a new Term, on the Term End Date, which will fall on a Contract Anniversary. Transfers to and from the Fixed Account are permitted every Contract Anniversary. Transfers and reallocations among the ILOs are not permitted during a Term, except reallocations permitted after the exercise of Performance Lock with Pre-Anniversary Transfer instructions. See INVESTING IN THE CONTRACT – PRE-ANNIVERSARY TRANSFER OPTION. Transfers are not permitted during the Contract Year for amounts invested in the Fixed Account. Transfer instructions may be submitted to us at any time prior to the close of the Business Day on the upcoming Term End Date, and must be provided at least prior to the close of Business on the Term End Date, which will fall on a Contract Anniversary. If we receive your request on a non-Business Day or after the close of a Business Day, your request will be deemed to be received on the next Business Day. Transfer instructions can be requested, changed or cancelled any time prior to close of Business on the Term End Date. We will send you a notice 30 days prior to the Term End Date (or the Contract Anniversary for amounts invested in the Fixed Account) explaining the ILOs available to you for transfer or reallocation on the next Contract Anniversary, reminding you to review any transfer instructions you may have previously submitted to us, and directing you to our website where you can view the renewal interest rates and ILO Crediting Strategy rates declared for the next Term. We have the right, at our discretion (unless otherwise required by law), to require certain minimums in the future in connection with transfers. These may include a minimum transfer amount and a minimum Contract Value, if any, in the Interest Crediting Option from which the transfer is made or to which the transfer is made. If your transfer request results in your having a remaining Contract Value in an Interest Crediting Option that is less than $500 immediately after such transfer, we may (with prior written notice) transfer that Contract Value to the other Interest Crediting Options you are invested in on a pro rata basis, relative to your most recent allocation instructions. Any policy we may establish with regard to the exercise of any of these rights will be applied uniformly to all Contract Owners. We will send you a notice 30 days prior to the Term End Date (or the Contract Anniversary for amounts invested in the Fixed Account) explaining the ILOs available to you for transfer or reallocation on the next Contract Anniversary, reminding you to review any transfer instructions you may have previously submitted to us, and directing you to our website where you can view the renewal interest rates and ILO Crediting Strategy rates declared for the next Term. true DEFAULT ALLOCATION PROCEDURES If we do not receive transfer instructions from you prior to the close of Business on the Term End Date, we will automatically reallocate or transfer your ILO Value. Your Contract Value in any expiring 1-year, 2-year, 3-year, or 6-year ILO will remain in its current allocation for the next Term, subject to the renewal Crediting Strategy Rates declared for that Term, as long as that ILO remains available for investment, unless other instructions are provided. The Protection Levels (Buffer and Dual Direction Buffer) for the ILOs are guaranteed not to change for as long as we offer those ILOs. If no transfer instructions are received and your Contract Value is invested in a 1-year, 2-year, 3-year, or 6-year ILO that is not available for reallocation for a Subsequent Term, the Contract Value in the expiring ILO Vintage will automatically be transferred to the Fixed Account Option, subject to the renewal Guaranteed Rate, until the next Contract Anniversary. Amounts already in the Fixed Account will remain in the Fixed Account, subject to the renewal Guaranteed Rate. Amounts that are automatically reallocated or transferred in the absence of transfer instructions cannot be reallocated until the next Term End Date unless you exercise Performance Lock and provide Pre-Anniversary Transfer instructions, or Contract Anniversary if the amount is invested in the Fixed Account. Return of Purchase Payments Death Benefit Rider The disclosure below does not apply to Contracts issued in California. For Contracts issued in California, please see Return of Purchase Payments Death Benefit Rider (California Contracts) below for Contracts issued in California. The Return of Purchase Payments Death Benefit Rider (the “Rider”) is only available for an additional charge if the oldest Contract Owner or Annuitant is between the ages of 81 to 85 on the Contract Issue Date. This optional Rider allows your Death Benefit Amount, as of the Notice Date, to be the greater of the Contract Value (which will be based on Interim Value(s) if the death benefit is paid from the ILO Vintages before the end of a Term) or the Total Adjusted Purchase Payments. An Owner change may only be elected if the age of any new Owner is 85 years or younger on the effective date of the Owner change (see the Owner Change subsection below). Purchasing the Rider You may purchase this optional Rider at the time your application is completed and before your Contract is issued. You may not purchase this Rider after the Contract Issue Date. This Rider may only be purchased if the age of the oldest Owner or Annuitant is between the ages of 81 to 85 on the Contract Issue Date. Rider Charge The annual Rider charge of 0.30% is assessed in arrears as a percentage of your Contract Value and deducted each Contract Anniversary proportionately from the Interest Crediting Options in which you are invested. The maximum Rider charge is 1.50%. The current Rider charge of 0.30% will not change after the Rider is issued. The portion of the Rider charge deducted from each of the ILO Vintages on the Contract Anniversary will reduce the Investment Base in the same manner as a withdrawal. Any portion of the Rider charge deducted from an ILO Vintage on a Contract Anniversary prior to the Term End Date will trigger an Interim Value Calculation and Adjustment to the Investment Base and Annual Period Value (if applicable) proportionally, in the same manner as a withdrawal. The deduction of the Rider charge will not be subject to a surrender charge. As noted above, the ROP Death Benefit Rider charge may be deducted from the ILO Vintages on a date prior to the Term End Date. The ongoing deduction of the Rider charge on such dates may have an adverse effect on values and benefits under the Contract. If you intend to elect the ROP Death Benefit Rider, you should consult with a financial professional to discuss whether the Rider or this Contract is appropriate for you. Rider Terms Total Adjusted Purchase Payments. The sum of all Purchase Payments made to the Contract, reduced by a Pro Rata Reduction for each prior withdrawal, including withdrawals under a withdrawal benefit rider or RMDs. This amount may be adjusted if there is an Owner change. Pro Rata Reduction. The reduction percentage that is calculated at the time of the withdrawal by dividing the amount of each withdrawal (including any applicable surrender charges and taxes) by the Contract Value immediately prior to the withdrawal. The reduction made, when the Contract Value is less than the Total Adjusted Purchase Payments made into the Contract, may be greater than the actual amount withdrawn. See APPENDIX C — RETURN OF PURCHASE PAYMENTS DEATH BENEFIT RIDER SAMPLE CALCULATIONS for an example and description of how the Pro Rata Reduction is calculated. How the Rider Works Upon the death of the first Owner (any Annuitant for Non-Natural Owners), before the Annuity Date, the Death Benefit Amount under this Rider will be equal to the greater of: • the Contract Value as of the Notice Date, or • Total Adjusted Purchase Payments as of the Notice Date. Owner Change If there is an Owner change to someone other than the previous Owner’s spouse, to a Trust or non-natural entity where the Owner and Annuitant are not the same person prior to the Owner change, or if an Owner is added that is not the Owner’s spouse, the Total Adjusted Purchase Payments will be reset to equal the lesser of: • the Contract Value as of the effective date of the Owner change (“Change Date”), or • Total Adjusted Purchase Payments as of the Change Date. The Total Adjusted Purchase Payments will be reduced by any Pro Rata Reduction for any withdrawals made after the Change Date. An Owner change to a Trust or non-natural entity where the Owner and the Annuitant are the same person prior to the Owner change will not trigger a reset. Any death benefit paid under this Rider will be paid in accordance with the Death Benefit Proceeds subsection. See APPENDIX C — RETURN OF PURCHASE PAYMENTS DEATH BENEFIT RIDER SAMPLE CALCULATIONS for an example of how the death benefit is calculated following an Owner change. Termination The Rider will remain in effect until the earlier of: • the date you reduce your Contract Value to zero through a withdrawal, • when death benefit proceeds become payable under the Contract (except where the spouse of the deceased Owner continues the Contract. See Spousal Continuation above, • the Contract is terminated in accordance with the provisions of the Contract, or • the Annuity Date The Rider may not otherwise be cancelled. Return of Purchase Payments Death Benefit (California Contracts) The disclosure below only applies to Contracts issued in California. This optional Rider allows you to have your Death Benefit Amount, as of the Notice Date, be the greater of the Contract Value or the Total Adjusted Purchase Payments. The Notice Date is the day on which we receive, In Proper Form, proof of death and instructions regarding payment of any death benefit proceeds. Purchasing the Rider You may purchase this optional Rider at the time your application is completed and before your Contract is issued. You may not purchase this Rider after the Contract Issue Date. This Rider may only be purchased if the age of the oldest Owner or Annuitant is between the ages of 81 to 85 on the Contract Issue Date. Rider Charge The annual Rider charge of 0.30% is assessed in arrears as a percentage of your Contract Value and deducted each Contract Anniversary proportionately from the Interest Crediting Options in which you are invested. The current annual Rider charge of 0.30% will not change after the Rider is issued. The maximum Rider charge is 1.50%. The portion of the Rider charge deducted from each of the ILO Vintages on the Contract Anniversary will reduce the Investment Base in the same manner as a withdrawal. Any portion of the Rider charge deducted from an ILO Vintage on a Contract Anniversary prior to the Term End Date will trigger an Interim Value Calculation and Adjustment to the Investment Base and Annual Period Value (if applicable), proportionally in the same manner as a withdrawal. The deduction of the Rider charge will not be subject to a surrender charge. As noted above, the ROP Death Benefit Rider charge may be deducted from the ILO Vintages on a date prior to the Term End Date. The ongoing deduction of the Rider charge on such dates may have an adverse effect on values and benefits under the Contract. If you intend to elect the ROP Death Benefit Rider, you should consult with a financial professional to discuss whether the Rider or this Contract is appropriate for you. Rider Terms Total Adjusted Purchase Payments. The sum of all Purchase Payments made to the Contract, reduced by a Pro Rata Reduction for each prior withdrawal, including withdrawals under a withdrawal benefit rider or RMDs. Pro Rata Reduction. The reduction percentage that is calculated at the time of the withdrawal by dividing the amount of each withdrawal (including any applicable surrender charges and taxes) by the Contract Value immediately prior to the withdrawal. The reduction made, when the Contract Value is less than the Total Adjusted Purchase Payments made into the Contract, may be greater than the actual amount withdrawn. See APPENDIX C — RETURN OF PURCHASE PAYMENTS DEATH BENEFIT RIDER SAMPLE CALCULATIONS for an example and description of how the Pro Rata Reduction is calculated. How the Rider Works Upon the death of the first Annuitant, before the Annuity Date, the Death Benefit Amount under this rider will be equal to the greater of (a) or (b) below: (a) the Contract Value as of the Notice Date. (b) Total Adjusted Purchase Payments as of the Notice Date. Any death benefit paid under this Rider will be paid in accordance with the Death Benefit Proceeds subsection. See the APPENDIX C — RETURN OF PURCHASE PAYMENTS DEATH BENEFIT RIDER SAMPLE CALCULATIONS for an example of how the death benefit is calculated. Termination The Rider will remain in effect until the earlier of: • the date you reduce your Contract Value to zero through a withdrawal, • when death benefit proceeds become payable under the Contract (except where the spouse of the deceased Owner continues the Contract. See Spousal Continuation above, • the Contract is terminated in accordance with the provisions of the Contract, or • the Annuity Date. The Rider may not otherwise be cancelled. true APPENDIX A: INTEREST CREDITING OPTIONS AVAILABLE UNDER THE CONTRACT Index-Linked Options The following is a list of ILOs currently available under the Contract. We may change the features of the ILOs listed below (including the Index and the current limits on Index gains and losses), offer new ILOs, and terminate existing ILOs. We will provide you with written notice before making any changes other than changes to current limits on Index gains. Information about current limits on Index gains is available at www.pacificliferates.com. For additional information about the features of the ILOs, please see INVESTING IN THE CONTRACT. Certain ILOs may vary or may not be available depending on the broker-dealer through which the Contract is sold. See APPENDIX E: FINANCIAL INTERMEDIARY VARIATIONS in this Prospectus for more information. Note: If amounts are removed from an ILO Vintage before the end of a Term, we will apply a Contract adjustment. This may result in a significant reduction in your Contract Value that could exceed any protection from Index loss that would be in place if you held the ILO Vintage until the end of the Term. For additional information, please see FEES, CHARGES, AND ADJUSTMENTS. <table cellpadding="2" style="border-collapse:collapse; border-spacing: 0px;" width="100%"> <tr style="font-size:1pt;"> <td style="width:20.02%;"> </td> <td style="width:13.51%;"> </td> <td style="width:8.89%;"> </td> <td style="width:22.05%;"> </td> <td style="width:20.61%;"> </td> <td style="width:14.93%;"> </td></tr> <tr> <td style="vertical-align:bottom; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20; font-size:1pt;"> Index(1)</td> <td style="vertical-align:bottom; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Type of Index</td> <td style="vertical-align:bottom; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Term</td> <td style="vertical-align:bottom; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Crediting Strategy</td> <td style="vertical-align:bottom; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Current Limit on Index Loss (if held until the end of the Term)</td> <td style="vertical-align:bottom; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Minimum Limit on Index Gain (for life of the ILO)</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> S&P® 500</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Market index</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 1 Year</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Cap Rate with Participation Rate</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 10% Buffer</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 2% Cap Rate 100% Participation Rate</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> S&P® 500</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Market index</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 1 Year</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Cap Rate with Participation Rate</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 15% Buffer</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 2% Cap Rate 100% Participation Rate</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> S&P® 500</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Market index</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 1 Year</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Cap Rate with Participation Rate</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 100% Buffer</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 2% Cap Rate 100% Participation Rate</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> S&P® 500</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Market index</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 1 Year</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Cap Rate</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 10% Dual Direction Buffer</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 2% Cap Rate</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> S&P® 500</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Market index</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 1 Year</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Cap Rate</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 15% Dual Direction Buffer</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 2% Cap Rate</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> S&P® 500</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Market index</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 2 Year </td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Cap Rate with Participation Rate</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 10% Buffer</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 4% Cap Rate 100% Participation Rate</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> S&P® 500</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Market index</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 2 Year</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Cap Rate with Participation Rate</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 20% Buffer</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 4% Cap Rate 100% Participation Rate</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> S&P® 500</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Market index</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 3 Year</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Cap Rate with Participation Rate</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 10% Buffer</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 6% Cap Rate 100% Participation Rate</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> S&P® 500</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Market index</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 3 Year</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Cap Rate with Participation Rate</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 20% Buffer</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 6% Cap Rate 100% Participation Rate</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> S&P® 500</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Market index</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 6 Year</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Cap Rate with Participation Rate</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 15% Buffer</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 12% Cap Rate 100% Participation Rate</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> S&P® 500</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Market index</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 6 Year</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Cap Rate with Participation Rate</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 20% Buffer</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 12% Cap Rate 100% Participation Rate</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> S&P® 500</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Market index</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 6 Year</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Cap Rate with Participation Rate</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 100% Buffer</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 12% Cap Rate 100% Participation Rate</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> S&P® 500</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Market index</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 6 Year</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Cap Rate</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 10% Dual Direction Buffer</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 12% Cap Rate</td></tr> </table> <table cellpadding="2" style="border-collapse:collapse; border-spacing: 0px;" width="100%"> <tr style="font-size:1pt;"> <td style="width:20.02%;"> </td> <td style="width:13.51%;"> </td> <td style="width:8.89%;"> </td> <td style="width:22.05%;"> </td> <td style="width:20.61%;"> </td> <td style="width:14.93%;"> </td></tr> <tr> <td style="vertical-align:bottom; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20; font-size:1pt;"> Index(1)</td> <td style="vertical-align:bottom; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Type of Index</td> <td style="vertical-align:bottom; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Term</td> <td style="vertical-align:bottom; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Crediting Strategy</td> <td style="vertical-align:bottom; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Current Limit on Index Loss (if held until the end of the Term)</td> <td style="vertical-align:bottom; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Minimum Limit on Index Gain (for life of the ILO)</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> S&P® 500</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Market index</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 6 Year</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Cap Rate</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 15% Dual Direction Buffer</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 12% Cap Rate</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> S&P® 500</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Market index</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 6 Year</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Cap Rate</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 20% Dual Direction Buffer</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 12% Cap Rate</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> S&P® 500</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Market index</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 6 Year</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Tiered Participation Rate with Cap Rate</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 10% Buffer</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 12% Cap Rate 100% for Tier One; 100% for Tier Two</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> S&P® 500</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Market index</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 6 Year</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> SecureCap</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 10% Buffer</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 2% Cap Rate</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Invesco QQQ ETF</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> ETF</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 1 Year</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Cap Rate with Participation Rate</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 10% Buffer</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 2% Cap Rate 100% Participation Rate</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Invesco QQQ ETF</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> ETF</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 1 Year</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Cap Rate with Participation Rate</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 15% Buffer</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 2% Cap Rate 100% Participation Rate</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Invesco QQQ ETF</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> ETF</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 1 Year</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Cap Rate with Participation Rate</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 100% Buffer</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 2% Cap Rate 100% Participation Rate</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Invesco QQQ ETF</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> ETF</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 1 Year</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Cap Rate</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 10% Dual Direction Buffer</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 2% Cap Rate</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Invesco QQQ ETF</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> ETF</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 1 Year</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Cap Rate</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 15% Dual Direction Buffer</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 2% Cap Rate</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Invesco QQQ ETF</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> ETF</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 2 Year</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Cap Rate with Participation Rate</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 10% Buffer</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 4% Cap Rate 100% Participation Rate</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Invesco QQQ ETF</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> ETF</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 2 Year</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Cap Rate with Participation Rate</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 20% Buffer</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 4% Cap Rate 100% Participation Rate</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Invesco QQQ ETF</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> ETF</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 3 Year</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Cap Rate with Participation Rate</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 10% Buffer</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 6% Cap Rate 100% Participation Rate</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Invesco QQQ ETF</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> ETF</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 3 Year</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Cap Rate with Participation Rate</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 20% Buffer</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 6% Cap Rate 100% Participation Rate</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Invesco QQQ ETF</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> ETF</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 6 Year</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Cap Rate with Participation Rate</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 15% Buffer</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 12% Cap Rate 100% Participation Rate</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Invesco QQQ ETF</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> ETF</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 6 Year</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Cap Rate with Participation Rate</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 20% Buffer</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 12% Cap Rate 100% Participation Rate</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Invesco QQQ ETF</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> ETF</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 6 Year</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Cap Rate with Participation Rate</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 100% Buffer</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 12% Cap Rate 100% Participation Rate</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Invesco QQQ ETF</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> ETF</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 6 Year</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Cap Rate</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 10% Dual Direction Buffer</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 12% Cap Rate</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Invesco QQQ ETF</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> ETF</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 6 Year</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Cap Rate</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 15% Dual Direction Buffer</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 12% Cap Rate</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Invesco QQQ ETF</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> ETF</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 6 Year</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Cap Rate</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 20% Dual Direction Buffer</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 12% Cap Rate</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Invesco QQQ ETF</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> ETF</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 6 Year</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Tiered Participation Rate with Cap Rate</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 10% Buffer</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 12% Cap Rate 100% for Tier One; 100% for Tier Two</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Invesco QQQ ETF</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> ETF</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 6 Year</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> SecureCap</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 10% Buffer</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 2% Cap Rate</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> MSCI EAFE</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Market index</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 1 Year</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Cap Rate with Participation Rate</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 10% Buffer</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 2% Cap Rate 100% Participation Rate</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> MSCI EAFE</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Market index</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 1 Year</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Cap Rate with Participation Rate</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 15% Buffer</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 2% Cap Rate 100% Participation </td></tr> </table> <table cellpadding="2" style="border-collapse:collapse; border-spacing: 0px;" width="100%"> <tr style="font-size:1pt;"> <td style="width:20.02%;"> </td> <td style="width:13.51%;"> </td> <td style="width:8.89%;"> </td> <td style="width:22.05%;"> </td> <td style="width:20.61%;"> </td> <td style="width:14.93%;"> </td></tr> <tr> <td style="vertical-align:bottom; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20; font-size:1pt;"> Index(1)</td> <td style="vertical-align:bottom; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Type of Index</td> <td style="vertical-align:bottom; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Term</td> <td style="vertical-align:bottom; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Crediting Strategy</td> <td style="vertical-align:bottom; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Current Limit on Index Loss (if held until the end of the Term)</td> <td style="vertical-align:bottom; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Minimum Limit on Index Gain (for life of the ILO)</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20; font-size:1pt;"> </td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20; font-size:1pt;"> </td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20; font-size:1pt;"> </td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20; font-size:1pt;"> </td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20; font-size:1pt;"> </td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Rate</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> MSCI EAFE</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Market index</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 1 Year</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Cap Rate with Participation Rate</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 100% Buffer</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 2% Cap Rate 100% Participation Rate</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> MSCI EAFE</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Market index</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 1 Year</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Cap Rate</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 10% Dual Direction Buffer</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 2% Cap Rate</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> MSCI EAFE</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Market index</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 1 Year</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Cap Rate</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 15% Dual Direction Buffer</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 2% Cap Rate</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> MSCI EAFE</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Market index</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 6 Year</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Cap Rate with Participation Rate</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 15% Buffer</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 12% Cap Rate 100% Participation Rate</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> MSCI EAFE</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Market index</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 6 Year</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Cap Rate with Participation Rate</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 20% Buffer</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 12% Cap Rate 100% Participation Rate</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> MSCI EAFE</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Market index</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 6 Year</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Cap Rate with Participation Rate</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 100% Buffer</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 12% Cap Rate 100% Participation Rate</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> MSCI EAFE</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Market index</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 6 Year</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Cap Rate</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 10% Dual Direction Buffer</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 12% Cap Rate</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> MSCI EAFE</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Market index</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 6 Year</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Cap Rate</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 15% Dual Direction Buffer</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 12% Cap Rate</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> MSCI EAFE</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Market index</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 6 Year</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Cap Rate</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 20% Dual Direction Buffer</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 12% Cap Rate</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> MSCI EAFE</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Market index</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 6 Year</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Tiered Participation Rate with Cap Rate</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 10% Buffer</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 12% Cap Rate 100% for Tier One; 100% for Tier Two</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> MSCI EAFE</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Market index</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 6 Year</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> SecureCap</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 10% Buffer</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 2% Cap Rate</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> iShares® Russell 2000 ETF</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> ETF</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 1 Year</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Cap Rate with Participation Rate</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 10% Buffer</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 2% Cap Rate 100% Participation Rate</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> iShares® Russell 2000 ETF</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> ETF</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 1 Year</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Cap Rate with Participation Rate</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 15% Buffer</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 2% Cap Rate 100% Participation Rate</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> iShares® Russell 2000 ETF</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> ETF</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 1 Year</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Cap Rate with Participation Rate</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 100% Buffer</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 2% Cap Rate 100% Participation Rate</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> iShares® Russell 2000 ETF</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> ETF</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 1 Year</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Cap Rate</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 10% Dual Direction Buffer</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 2% Cap Rate</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> iShares® Russell 2000 ETF</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> ETF</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 1 Year</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Cap Rate</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 15% Dual Direction Buffer</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 2% Cap Rate</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> iShares® Russell 2000 ETF</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> ETF</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 6 Year</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Cap Rate with Participation Rate</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 15% Buffer</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 12% Cap Rate 100% Participation Rate</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> iShares® Russell 2000 ETF</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> ETF</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 6 Year</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Cap Rate with Participation Rate</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 20% Buffer</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 12% Cap Rate 100% Participation Rate</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> iShares® Russell 2000 ETF</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> ETF</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 6 Year</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Cap Rate with Participation Rate</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 100% Buffer</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 12% Cap Rate 100% Participation Rate</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> iShares® Russell 2000 ETF</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> ETF</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 6 Year</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Cap Rate</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 10% Dual Direction Buffer</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 12% Cap Rate</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> iShares® Russell 2000 ETF</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> ETF</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 6 Year</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Cap Rate</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 15% Dual Direction Buffer</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 12% Cap Rate</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> iShares® Russell 2000 ETF</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> ETF</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 6 Year</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Cap Rate</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 20% Dual Direction Buffer</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 12% Cap Rate</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> iShares® Russell 2000 ETF</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> ETF</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 6 Year</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Tiered Participation Rate with Cap Rate</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 10% Buffer</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 12% Cap Rate 100% for Tier One; 100% for Tier Two</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> iShares® Russell 2000 ETF</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> ETF</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 6 Year</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> SecureCap</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 10% Buffer</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 2% Cap Rate</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> First Trust Growth Strength Net Fee </td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Market index</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 1 Year</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Cap Rate with Participation Rate</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 10% Buffer</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 2% Cap Rate 100% Participation </td></tr> </table> <table cellpadding="2" style="border-collapse:collapse; border-spacing: 0px;" width="100%"> <tr style="font-size:1pt;"> <td style="width:20.02%;"> </td> <td style="width:13.51%;"> </td> <td style="width:8.89%;"> </td> <td style="width:22.05%;"> </td> <td style="width:20.61%;"> </td> <td style="width:14.93%;"> </td></tr> <tr> <td style="vertical-align:bottom; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20; font-size:1pt;"> Index(1)</td> <td style="vertical-align:bottom; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Type of Index</td> <td style="vertical-align:bottom; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Term</td> <td style="vertical-align:bottom; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Crediting Strategy</td> <td style="vertical-align:bottom; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Current Limit on Index Loss (if held until the end of the Term)</td> <td style="vertical-align:bottom; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Minimum Limit on Index Gain (for life of the ILO)</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Index(2)</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20; font-size:1pt;"> </td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20; font-size:1pt;"> </td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20; font-size:1pt;"> </td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20; font-size:1pt;"> </td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Rate</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> First Trust Growth Strength Net Fee Index(2)</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Market index</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 1 Year</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Cap Rate with Participation Rate</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 15% Buffer</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 2% Cap Rate 100% Participation Rate</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> First Trust Growth Strength Net Fee Index(2)</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Market index</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 1 Year</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Cap Rate with Participation Rate</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 100% Buffer</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 2% Cap Rate 100% Participation Rate</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> First Trust Growth Strength Net Fee Index(2)</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Market index</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 6 Year</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Cap Rate with Participation Rate</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 15% Buffer</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 12% Cap Rate 100% Participation Rate</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> First Trust Growth Strength Net Fee Index(2)</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Market index</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 6 Year</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Cap Rate with Participation Rate</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 20% Buffer</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 12% Cap Rate 100% Participation Rate</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> First Trust Growth Strength Net Fee Index(2)</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Market index</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 6 Year</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Cap Rate with Participation Rate</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 100% Buffer</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 12% Cap Rate 100% Participation Rate</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> First Trust Growth Strength Net Fee Index(2)</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Market index</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 6 Year</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Tiered Participation Rate with Cap Rate</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 10% Buffer</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 12% Cap Rate 100% for Tier One; 100% for Tier Two</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Combined S&P 500®, iShares® Russell 2000 ETF, and MSCI EAFE</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Market indexes and ETF</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 6 Year</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Performance Mix with Participation Rate and Cap Rate</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 10% Buffer</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 12% Cap Rate 100% Participation Rate</td></tr> </table> (1) Each Index is a price return index, not a total return index, and therefore does not reflect dividends paid on the securities composing the Index. This will reduce the Index Return and will cause the Index to underperform a direct investment in the securities composing the Index. (2) The First Trust Growth Strength Net Fee Index deducts 0.65% in fees and costs when calculating Index performance, which will reduce the Index Return and cause the Index to underperform a direct investment in the securities composing the Index. If an investor executes Performance Lock, the investor will not earn Index interest, but the Company will credit a Performance Lock Rate until the next Contract Anniversary, subject to a 0.05% minimum guarantee. The 1-year S&P 500® with Cap Rate with Participation Rate and 10% Buffer ILO will always be available under your Contract (in addition to the Fixed Account). In the future, this means that we may not offer ILOs with any other Protection Level other than a 10% Buffer and any other Crediting Strategy other than a Cap Rate. We do not guarantee a minimum Dual Direction Buffer Rate, and we do not guarantee that we will always offer ILOs with a Dual Direction Buffer. In the future, any ILOs we offer (in addition to the 1-year S&P 500® with Cap Rate with Participation Rate with 10% Buffer ILO) will always have some level of downside protection, but we do not guarantee a minimum level. The Minimum Limit on Index Gain for Cap Rate with Participation Rate strategy is 2% for a 1-year ILO, 4% for a 2-year ILO, 6% for a 3-year ILO, and 12% for a 6-year ILO, each with a 100% minimum Participation Rate. The Minimum Limit on Index Gain for the SecureCap strategy is 2% for a 6-year ILO. The Minimum Limits on Index Gain for the Performance Mix strategy are 50% for the Index with the highest return, 30% for the Index with the next best return, and 20% for the Index with the lowest return, 100% for the Participation Rate and 12% for the Cap Rate. The Minimum Limits on Index Gain for the Tiered Participation Rate with Cap Rate strategy are 100% for Tier 1 & Tier 2 Participation Rates and 12% for the Cap Rate. Fixed Options The following lists the Fixed Account Option currently available under the Contract. We may change the features of the Fixed Account Option listed below, or offer new fixed options. We will provide you with written notice before doing so. See INVESTING IN THE CONTRACT — FIXED ACCOUNT OPTION for more information. <table cellpadding="0" style="border-collapse:collapse; border-spacing: 0px;" width="100%"> <tr style="font-size:1pt;"> <td style="width:32.23%;"> </td> <td style="width:34.71%;"> </td> <td style="width:33.06%;"> </td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20; background-color:#DCDDDE;"> Name</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20; background-color:#DCDDDE;"> Term</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20; background-color:#DCDDDE;"> Minimum Guaranteed Interest Rate</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Fixed Account Option</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 1-year</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 0.50%</td></tr> </table> The following is a list of ILOs currently available under the Contract. We may change the features of the ILOs listed below (including the Index and the current limits on Index gains and losses), offer new ILOs, and terminate existing ILOs. We will provide you with written notice before making any changes other than changes to current limits on Index gains. Information about current limits on Index gains is available at www.pacificliferates.com. For additional information about the features of the ILOs, please see INVESTING IN THE CONTRACT. Certain ILOs may vary or may not be available depending on the broker-dealer through which the Contract is sold. See APPENDIX E: FINANCIAL INTERMEDIARY VARIATIONS in this Prospectus for more information. Note: If amounts are removed from an ILO Vintage before the end of a Term, we will apply a Contract adjustment. This may result in a significant reduction in your Contract Value that could exceed any protection from Index loss that would be in place if you held the ILO Vintage until the end of the Term. For additional information, please see FEES, CHARGES, AND ADJUSTMENTS. <table cellpadding="2" style="border-collapse:collapse; border-spacing: 0px;" width="100%"> <tr style="font-size:1pt;"> <td style="width:20.02%;"> </td> <td style="width:13.51%;"> </td> <td style="width:8.89%;"> </td> <td style="width:22.05%;"> </td> <td style="width:20.61%;"> </td> <td style="width:14.93%;"> </td></tr> <tr> <td style="vertical-align:bottom; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20; font-size:1pt;"> Index(1)</td> <td style="vertical-align:bottom; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Type of Index</td> <td style="vertical-align:bottom; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Term</td> <td style="vertical-align:bottom; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Crediting Strategy</td> <td style="vertical-align:bottom; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Current Limit on Index Loss (if held until the end of the Term)</td> <td style="vertical-align:bottom; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Minimum Limit on Index Gain (for life of the ILO)</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> S&P® 500</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Market index</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 1 Year</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Cap Rate with Participation Rate</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 10% Buffer</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 2% Cap Rate 100% Participation Rate</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> S&P® 500</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Market index</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 1 Year</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Cap Rate with Participation Rate</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 15% Buffer</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 2% Cap Rate 100% Participation Rate</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> S&P® 500</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Market index</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 1 Year</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Cap Rate with Participation Rate</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 100% Buffer</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 2% Cap Rate 100% Participation Rate</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> S&P® 500</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Market index</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 1 Year</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Cap Rate</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 10% Dual Direction Buffer</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 2% Cap Rate</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> S&P® 500</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Market index</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 1 Year</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Cap Rate</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 15% Dual Direction Buffer</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 2% Cap Rate</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> S&P® 500</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Market index</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 2 Year </td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Cap Rate with Participation Rate</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 10% Buffer</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 4% Cap Rate 100% Participation Rate</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> S&P® 500</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Market index</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 2 Year</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Cap Rate with Participation Rate</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 20% Buffer</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 4% Cap Rate 100% Participation Rate</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> S&P® 500</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Market index</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 3 Year</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Cap Rate with Participation Rate</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 10% Buffer</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 6% Cap Rate 100% Participation Rate</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> S&P® 500</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Market index</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 3 Year</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Cap Rate with Participation Rate</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 20% Buffer</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 6% Cap Rate 100% Participation Rate</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> S&P® 500</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Market index</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 6 Year</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Cap Rate with Participation Rate</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 15% Buffer</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 12% Cap Rate 100% Participation Rate</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> S&P® 500</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Market index</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 6 Year</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Cap Rate with Participation Rate</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 20% Buffer</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 12% Cap Rate 100% Participation Rate</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> S&P® 500</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Market index</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 6 Year</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Cap Rate with Participation Rate</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 100% Buffer</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 12% Cap Rate 100% Participation Rate</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> S&P® 500</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Market index</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 6 Year</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Cap Rate</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 10% Dual Direction Buffer</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 12% Cap Rate</td></tr> </table> <table cellpadding="2" style="border-collapse:collapse; border-spacing: 0px;" width="100%"> <tr style="font-size:1pt;"> <td style="width:20.02%;"> </td> <td style="width:13.51%;"> </td> <td style="width:8.89%;"> </td> <td style="width:22.05%;"> </td> <td style="width:20.61%;"> </td> <td style="width:14.93%;"> </td></tr> <tr> <td style="vertical-align:bottom; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20; font-size:1pt;"> Index(1)</td> <td style="vertical-align:bottom; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Type of Index</td> <td style="vertical-align:bottom; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Term</td> <td style="vertical-align:bottom; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Crediting Strategy</td> <td style="vertical-align:bottom; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Current Limit on Index Loss (if held until the end of the Term)</td> <td style="vertical-align:bottom; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Minimum Limit on Index Gain (for life of the ILO)</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> S&P® 500</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Market index</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 6 Year</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Cap Rate</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 15% Dual Direction Buffer</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 12% Cap Rate</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> S&P® 500</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Market index</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 6 Year</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Cap Rate</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 20% Dual Direction Buffer</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 12% Cap Rate</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> S&P® 500</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Market index</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 6 Year</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Tiered Participation Rate with Cap Rate</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 10% Buffer</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 12% Cap Rate 100% for Tier One; 100% for Tier Two</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> S&P® 500</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Market index</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 6 Year</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> SecureCap</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 10% Buffer</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 2% Cap Rate</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Invesco QQQ ETF</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> ETF</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 1 Year</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Cap Rate with Participation Rate</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 10% Buffer</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 2% Cap Rate 100% Participation Rate</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Invesco QQQ ETF</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> ETF</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 1 Year</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Cap Rate with Participation Rate</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 15% Buffer</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 2% Cap Rate 100% Participation Rate</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Invesco QQQ ETF</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> ETF</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 1 Year</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Cap Rate with Participation Rate</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 100% Buffer</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 2% Cap Rate 100% Participation Rate</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Invesco QQQ ETF</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> ETF</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 1 Year</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Cap Rate</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 10% Dual Direction Buffer</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 2% Cap Rate</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Invesco QQQ ETF</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> ETF</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 1 Year</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Cap Rate</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 15% Dual Direction Buffer</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 2% Cap Rate</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Invesco QQQ ETF</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> ETF</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 2 Year</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Cap Rate with Participation Rate</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 10% Buffer</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 4% Cap Rate 100% Participation Rate</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Invesco QQQ ETF</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> ETF</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 2 Year</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Cap Rate with Participation Rate</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 20% Buffer</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 4% Cap Rate 100% Participation Rate</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Invesco QQQ ETF</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> ETF</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 3 Year</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Cap Rate with Participation Rate</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 10% Buffer</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 6% Cap Rate 100% Participation Rate</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Invesco QQQ ETF</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> ETF</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 3 Year</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Cap Rate with Participation Rate</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 20% Buffer</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 6% Cap Rate 100% Participation Rate</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Invesco QQQ ETF</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> ETF</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 6 Year</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Cap Rate with Participation Rate</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 15% Buffer</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 12% Cap Rate 100% Participation Rate</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Invesco QQQ ETF</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> ETF</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 6 Year</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Cap Rate with Participation Rate</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 20% Buffer</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 12% Cap Rate 100% Participation Rate</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Invesco QQQ ETF</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> ETF</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 6 Year</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Cap Rate with Participation Rate</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 100% Buffer</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 12% Cap Rate 100% Participation Rate</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Invesco QQQ ETF</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> ETF</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 6 Year</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Cap Rate</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 10% Dual Direction Buffer</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 12% Cap Rate</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Invesco QQQ ETF</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> ETF</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 6 Year</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Cap Rate</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 15% Dual Direction Buffer</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 12% Cap Rate</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Invesco QQQ ETF</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> ETF</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 6 Year</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Cap Rate</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 20% Dual Direction Buffer</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 12% Cap Rate</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Invesco QQQ ETF</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> ETF</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 6 Year</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Tiered Participation Rate with Cap Rate</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 10% Buffer</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 12% Cap Rate 100% for Tier One; 100% for Tier Two</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Invesco QQQ ETF</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> ETF</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 6 Year</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> SecureCap</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 10% Buffer</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 2% Cap Rate</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> MSCI EAFE</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Market index</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 1 Year</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Cap Rate with Participation Rate</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 10% Buffer</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 2% Cap Rate 100% Participation Rate</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> MSCI EAFE</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Market index</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 1 Year</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Cap Rate with Participation Rate</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 15% Buffer</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 2% Cap Rate 100% Participation </td></tr> </table> <table cellpadding="2" style="border-collapse:collapse; border-spacing: 0px;" width="100%"> <tr style="font-size:1pt;"> <td style="width:20.02%;"> </td> <td style="width:13.51%;"> </td> <td style="width:8.89%;"> </td> <td style="width:22.05%;"> </td> <td style="width:20.61%;"> </td> <td style="width:14.93%;"> </td></tr> <tr> <td style="vertical-align:bottom; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20; font-size:1pt;"> Index(1)</td> <td style="vertical-align:bottom; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Type of Index</td> <td style="vertical-align:bottom; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Term</td> <td style="vertical-align:bottom; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Crediting Strategy</td> <td style="vertical-align:bottom; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Current Limit on Index Loss (if held until the end of the Term)</td> <td style="vertical-align:bottom; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Minimum Limit on Index Gain (for life of the ILO)</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20; font-size:1pt;"> </td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20; font-size:1pt;"> </td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20; font-size:1pt;"> </td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20; font-size:1pt;"> </td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20; font-size:1pt;"> </td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Rate</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> MSCI EAFE</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Market index</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 1 Year</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Cap Rate with Participation Rate</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 100% Buffer</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 2% Cap Rate 100% Participation Rate</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> MSCI EAFE</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Market index</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 1 Year</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Cap Rate</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 10% Dual Direction Buffer</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 2% Cap Rate</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> MSCI EAFE</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Market index</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 1 Year</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Cap Rate</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 15% Dual Direction Buffer</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 2% Cap Rate</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> MSCI EAFE</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Market index</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 6 Year</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Cap Rate with Participation Rate</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 15% Buffer</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 12% Cap Rate 100% Participation Rate</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> MSCI EAFE</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Market index</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 6 Year</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Cap Rate with Participation Rate</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 20% Buffer</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 12% Cap Rate 100% Participation Rate</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> MSCI EAFE</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Market index</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 6 Year</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Cap Rate with Participation Rate</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 100% Buffer</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 12% Cap Rate 100% Participation Rate</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> MSCI EAFE</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Market index</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 6 Year</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Cap Rate</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 10% Dual Direction Buffer</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 12% Cap Rate</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> MSCI EAFE</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Market index</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 6 Year</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Cap Rate</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 15% Dual Direction Buffer</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 12% Cap Rate</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> MSCI EAFE</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Market index</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 6 Year</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Cap Rate</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 20% Dual Direction Buffer</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 12% Cap Rate</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> MSCI EAFE</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Market index</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 6 Year</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Tiered Participation Rate with Cap Rate</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 10% Buffer</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 12% Cap Rate 100% for Tier One; 100% for Tier Two</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> MSCI EAFE</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Market index</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 6 Year</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> SecureCap</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 10% Buffer</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 2% Cap Rate</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> iShares® Russell 2000 ETF</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> ETF</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 1 Year</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Cap Rate with Participation Rate</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 10% Buffer</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 2% Cap Rate 100% Participation Rate</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> iShares® Russell 2000 ETF</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> ETF</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 1 Year</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Cap Rate with Participation Rate</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 15% Buffer</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 2% Cap Rate 100% Participation Rate</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> iShares® Russell 2000 ETF</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> ETF</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 1 Year</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Cap Rate with Participation Rate</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 100% Buffer</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 2% Cap Rate 100% Participation Rate</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> iShares® Russell 2000 ETF</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> ETF</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 1 Year</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Cap Rate</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 10% Dual Direction Buffer</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 2% Cap Rate</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> iShares® Russell 2000 ETF</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> ETF</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 1 Year</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Cap Rate</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 15% Dual Direction Buffer</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 2% Cap Rate</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> iShares® Russell 2000 ETF</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> ETF</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 6 Year</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Cap Rate with Participation Rate</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 15% Buffer</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 12% Cap Rate 100% Participation Rate</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> iShares® Russell 2000 ETF</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> ETF</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 6 Year</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Cap Rate with Participation Rate</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 20% Buffer</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 12% Cap Rate 100% Participation Rate</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> iShares® Russell 2000 ETF</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> ETF</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 6 Year</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Cap Rate with Participation Rate</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 100% Buffer</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 12% Cap Rate 100% Participation Rate</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> iShares® Russell 2000 ETF</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> ETF</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 6 Year</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Cap Rate</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 10% Dual Direction Buffer</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 12% Cap Rate</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> iShares® Russell 2000 ETF</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> ETF</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 6 Year</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Cap Rate</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 15% Dual Direction Buffer</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 12% Cap Rate</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> iShares® Russell 2000 ETF</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> ETF</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 6 Year</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Cap Rate</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 20% Dual Direction Buffer</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 12% Cap Rate</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> iShares® Russell 2000 ETF</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> ETF</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 6 Year</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Tiered Participation Rate with Cap Rate</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 10% Buffer</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 12% Cap Rate 100% for Tier One; 100% for Tier Two</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> iShares® Russell 2000 ETF</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> ETF</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 6 Year</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> SecureCap</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 10% Buffer</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 2% Cap Rate</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> First Trust Growth Strength Net Fee </td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Market index</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 1 Year</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Cap Rate with Participation Rate</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 10% Buffer</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 2% Cap Rate 100% Participation </td></tr> </table> <table cellpadding="2" style="border-collapse:collapse; border-spacing: 0px;" width="100%"> <tr style="font-size:1pt;"> <td style="width:20.02%;"> </td> <td style="width:13.51%;"> </td> <td style="width:8.89%;"> </td> <td style="width:22.05%;"> </td> <td style="width:20.61%;"> </td> <td style="width:14.93%;"> </td></tr> <tr> <td style="vertical-align:bottom; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20; font-size:1pt;"> Index(1)</td> <td style="vertical-align:bottom; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Type of Index</td> <td style="vertical-align:bottom; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Term</td> <td style="vertical-align:bottom; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Crediting Strategy</td> <td style="vertical-align:bottom; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Current Limit on Index Loss (if held until the end of the Term)</td> <td style="vertical-align:bottom; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Minimum Limit on Index Gain (for life of the ILO)</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Index(2)</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20; font-size:1pt;"> </td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20; font-size:1pt;"> </td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20; font-size:1pt;"> </td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20; font-size:1pt;"> </td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Rate</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> First Trust Growth Strength Net Fee Index(2)</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Market index</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 1 Year</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Cap Rate with Participation Rate</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 15% Buffer</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 2% Cap Rate 100% Participation Rate</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> First Trust Growth Strength Net Fee Index(2)</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Market index</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 1 Year</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Cap Rate with Participation Rate</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 100% Buffer</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 2% Cap Rate 100% Participation Rate</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> First Trust Growth Strength Net Fee Index(2)</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Market index</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 6 Year</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Cap Rate with Participation Rate</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 15% Buffer</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 12% Cap Rate 100% Participation Rate</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> First Trust Growth Strength Net Fee Index(2)</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Market index</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 6 Year</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Cap Rate with Participation Rate</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 20% Buffer</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 12% Cap Rate 100% Participation Rate</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> First Trust Growth Strength Net Fee Index(2)</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Market index</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 6 Year</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Cap Rate with Participation Rate</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 100% Buffer</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 12% Cap Rate 100% Participation Rate</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> First Trust Growth Strength Net Fee Index(2)</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Market index</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 6 Year</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Tiered Participation Rate with Cap Rate</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 10% Buffer</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 12% Cap Rate 100% for Tier One; 100% for Tier Two</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Combined S&P 500®, iShares® Russell 2000 ETF, and MSCI EAFE</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Market indexes and ETF</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 6 Year</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> Performance Mix with Participation Rate and Cap Rate</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 10% Buffer</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> 12% Cap Rate 100% Participation Rate</td></tr> </table> (1) Each Index is a price return index, not a total return index, and therefore does not reflect dividends paid on the securities composing the Index. This will reduce the Index Return and will cause the Index to underperform a direct investment in the securities composing the Index. (2) The First Trust Growth Strength Net Fee Index deducts 0.65% in fees and costs when calculating Index performance, which will reduce the Index Return and cause the Index to underperform a direct investment in the securities composing the Index. S&P® 500 Market index Cap Rate with Participation Rate 0.10 Buffer 0.02 Cap Rate 1 Participation Rate S&P® 500 Market index Cap Rate with Participation Rate 0.15 Buffer 0.02 Cap Rate 1 Participation Rate S&P® 500 Market index Cap Rate with Participation Rate 1 Buffer 0.02 Cap Rate 1 Participation Rate S&P® 500 Market index Cap Rate 0.10 Dual Direction Buffer 0.02 Cap Rate S&P® 500 Market index Cap Rate 0.15 Dual Direction Buffer 0.02 Cap Rate S&P® 500 Market index Cap Rate with Participation Rate 0.10 Buffer 0.04 Cap Rate 1 Participation Rate S&P® 500 Market index Cap Rate with Participation Rate 0.20 Buffer 0.04 Cap Rate 1 Participation Rate S&P® 500 Market index Cap Rate with Participation Rate 0.10 Buffer 0.06 Cap Rate 1 Participation Rate S&P® 500 Market index Cap Rate with Participation Rate 0.20 Buffer 0.06 Cap Rate 1 Participation Rate S&P® 500 Market index Cap Rate with Participation Rate 0.15 Buffer 0.12 Cap Rate 1 Participation Rate S&P® 500 Market index Cap Rate with Participation Rate 0.20 Buffer 0.12 Cap Rate 1 Participation Rate S&P® 500 Market index Cap Rate with Participation Rate 1 Buffer 0.12 Cap Rate 1 Participation Rate S&P® 500 Market index Cap Rate 0.10 Dual Direction Buffer 0.12 Cap Rate S&P® 500 Market index P6Y Cap Rate 0.15 Dual Direction Buffer 0.12 Cap Rate S&P® 500 Market index P6Y Cap Rate 0.20 Dual Direction Buffer 0.12 Cap Rate S&P® 500 Market index P6Y Tiered Participation Ratewith Cap Rate 0.10 Buffer 0.12 Cap Rate 1 1 S&P® 500 Market index P6Y SecureCap 0.10 Buffer 0.02 Cap Rate Invesco QQQ ETF ETF P1Y Cap Rate with Participation Rate 0.10 Buffer 0.02 Cap Rate 1 Participation Rate Invesco QQQ ETF ETF P1Y Cap Rate with Participation Rate 0.15 Buffer 0.02 Cap Rate 1 Participation Rate Invesco QQQ ETF ETF P1Y Cap Rate with Participation Rate 1 Buffer 0.02 Cap Rate 1 Participation Rate Invesco QQQ ETF ETF P1Y Cap Rate 0.10 Dual Direction Buffer 0.02 Cap Rate Invesco QQQ ETF ETF P1Y Cap Rate 0.15 Dual Direction Buffer 0.02 Cap Rate Invesco QQQ ETF ETF P2Y Cap Rate with Participation Rate 0.10 Buffer 0.04 Cap Rate 1 Participation Rate Invesco QQQ ETF ETF P2Y Cap Rate with Participation Rate 0.20 Buffer 0.04 Cap Rate 1 Participation Rate Invesco QQQ ETF ETF P3Y Cap Rate with Participation Rate 0.10 Buffer 0.06 Cap Rate 1 Participation Rate Invesco QQQ ETF ETF P3Y Cap Rate with Participation Rate 0.20 Buffer 0.06 Cap Rate 1 Participation Rate Invesco QQQ ETF ETF Cap Rate with Participation Rate 0.15 Buffer 0.12 Cap Rate 1 Participation Rate Invesco QQQ ETF ETF Cap Rate with Participation Rate 0.20 Buffer 0.12 Cap Rate 1 Participation Rate Invesco QQQ ETF ETF Cap Rate with Participation Rate 1 Buffer 0.12 Cap Rate 1 Participation Rate Invesco QQQ ETF ETF Cap Rate 0.10 Dual Direction Buffer 0.12 Cap Rate Invesco QQQ ETF ETF Cap Rate 0.15 Dual Direction Buffer 0.12 Cap Rate Invesco QQQ ETF ETF Cap Rate 0.20 Dual Direction Buffer 0.12 Cap Rate Invesco QQQ ETF ETF Tiered Participation Ratewith Cap Rate 0.10 Buffer 0.12 Cap Rate 1 1 Invesco QQQ ETF ETF SecureCap 0.10 Buffer 0.02 Cap Rate MSCI EAFE Market index Cap Rate with Participation Rate 0.10 Buffer 0.02 Cap Rate 1 Participation Rate MSCI EAFE Market index Cap Rate with Participation Rate 0.15 Buffer 0.02 Cap Rate 1 Participation MSCI EAFE Market index Cap Rate with Participation Rate 1 Buffer 0.02 Cap Rate 1 Participation Rate MSCI EAFE Market index Cap Rate 0.10 Dual Direction Buffer 0.02 Cap Rate MSCI EAFE Market index Cap Rate 0.15 Dual Direction Buffer 0.02 Cap Rate MSCI EAFE Market index Cap Rate with Participation Rate 0.15 Buffer 0.12 Cap Rate 1 Participation Rate MSCI EAFE Market index Cap Rate with Participation Rate 0.20 Buffer 0.12 Cap Rate 1 Participation Rate MSCI EAFE Market index Cap Rate with Participation Rate 1 Buffer 0.12 Cap Rate 1 Participation Rate MSCI EAFE Market index Cap Rate 0.10 Dual Direction Buffer 0.12 Cap Rate MSCI EAFE Market index Cap Rate 0.15 Dual Direction Buffer 0.12 Cap Rate MSCI EAFE Market index Cap Rate 0.20 Dual Direction Buffer 0.12 Cap Rate MSCI EAFE Market index Tiered Participation Ratewith Cap Rate 0.10 Buffer 0.12 Cap Rate 1 1 MSCI EAFE Market index SecureCap 0.10 Buffer 0.02 Cap Rate iShares® Russell 2000 ETF ETF Cap Rate with Participation Rate 0.10 Buffer 0.02 Cap Rate 1 Participation Rate iShares® Russell 2000 ETF ETF Cap Rate with Participation Rate 0.15 Buffer 0.02 Cap Rate 1 Participation Rate iShares® Russell 2000 ETF ETF Cap Rate with Participation Rate 1 Buffer 0.02 Cap Rate 1 Participation Rate iShares® Russell 2000 ETF ETF Cap Rate 0.10 Dual Direction Buffer 0.02 Cap Rate iShares® Russell 2000 ETF ETF Cap Rate 0.15 Dual Direction Buffer 0.02 Cap Rate iShares® Russell 2000 ETF ETF Cap Rate with Participation Rate 0.15 Buffer 0.12 Cap Rate 1 Participation Rate iShares® Russell 2000 ETF ETF Cap Rate with Participation Rate 0.20 Buffer 0.12 Cap Rate 1 Participation Rate iShares® Russell 2000 ETF ETF Cap Rate with Participation Rate 1 Buffer 0.12 Cap Rate 1 Participation Rate iShares® Russell 2000 ETF ETF Cap Rate 0.10 Dual Direction Buffer 0.12 Cap Rate iShares® Russell 2000 ETF ETF Cap Rate 0.15 Dual Direction Buffer 0.12 Cap Rate iShares® Russell 2000 ETF ETF Cap Rate 0.20 Dual Direction Buffer 0.12 Cap Rate iShares® Russell 2000 ETF ETF Tiered Participation Rate with Cap Rate 0.10 Buffer 0.12 Cap Rate 1 1 iShares® Russell 2000 ETF ETF SecureCap 0.10 Buffer 0.02 Cap Rate First Trust Growth Strength Net Fee Market index Cap Rate with Participation Rate 0.10 Buffer 0.02 Cap Rate 1 Participation First Trust Growth Strength Net Fee Index Market index Cap Rate with Participation Rate 0.15 Buffer 0.02 Cap Rate 1 Participation Rate First Trust Growth Strength Net Fee Index Market index Cap Rate with Participation Rate 1 Buffer 0.02 Cap Rate 1 Participation Rate First Trust Growth Strength Net Fee Index Market index Cap Rate with Participation Rate 0.15 Buffer 0.12 Cap Rate 1 Participation Rate First Trust Growth Strength Net Fee Index Market index Cap Rate with Participation Rate 0.20 Buffer 0.12 Cap Rate 1 Participation Rate First Trust Growth Strength Net Fee Index Market index Cap Rate with Participation Rate 1 Buffer 0.12 Cap Rate 1 Participation Rate First Trust Growth Strength Net Fee Index Market index Tiered Participation Rate with Cap Rate 0.10 Buffer 0.12 Cap Rate 1 1 Combined S&P 500®, iShares® Russell 2000 ETF, and MSCI EAFE Market indexes and ETF Performance Mix with Participation Rate and Cap Rate 0.10 Buffer 0.12 Cap Rate 1 Participation Rate The following lists the Fixed Account Option currently available under the Contract. We may change the features of the Fixed Account Option listed below, or offer new fixed options. We will provide you with written notice before doing so. See INVESTING IN THE CONTRACT — FIXED ACCOUNT OPTION for more information. Minimum Guaranteed Interest RateFixed Account Option1-year0.50% Fixed Account Option P1Y 0.005 APPENDIX C: RETURN OF PURCHASE PAYMENTS DEATH BENEFIT RIDER SAMPLE CALCULATIONS The examples provided are based on certain hypothetical assumptions and are for example purposes only. Where Contract Value is reflected, the examples do not assume any specific return percentage. They have been provided to assist in understanding the death benefit amount provided under the optional Return of Purchase Payments Death Benefit (and Return of Purchase Payments Death Benefit for Contracts issued in California) and to demonstrate how Purchase Payments and withdrawals made from the Contract may affect the values and benefits. There may be minor differences in the calculations due to rounding. These examples are not intended to reflect what your actual death benefit proceeds will be or serve as projections of future investment returns, nor are they a reflection of how your Contract will actually perform. Under the base Contract (no optional death benefit riders selected), assuming the age of the Contract Owner at Contract issue is less than or equal to 80, the Death Benefit Amount is equal to the greater of Contract Value or the Total Adjusted Purchase Payments as of the Notice Date. THE EXAMPLES BELOW ASSUME NO OWNER CHANGE OR AN OWNER CHANGE TO THE PREVIOUS OWNER’S SPOUSE; THESE EXAMPLES ALSO APPLY TO CONTRACTS ISSUED IN CALIFORNIA Return of Purchase Payments Death Benefit (including Return of Purchase Payments Death Benefit for Contracts issued in California) The values shown below are based on the following assumptions: • Initial Purchase Payment = $100,000 • Rider Effective Date = Contract Date • A Subsequent Purchase Payment of $25,000 is received in Contract Year 1. • A withdrawal of $35,000 is taken during Contract Year 6. • A withdrawal of $10,000 is taken during Contract Year 11. • Owner is 60 years of age at Contract issuance. <table cellpadding="0" style="border-collapse:collapse; border-spacing: 0px;" width="100%"> <tr style="font-size:1pt;"> <td style="width:20.65%;"> </td> <td style="width:21.41%;"> </td> <td style="width:21.91%;"> </td> <td style="width:20.03%;"> </td> <td style="width:15.99%;"> </td></tr> <tr> <td style="vertical-align:middle; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; background-color:#E6E7E8;"> Beginning of Contract Year</td> <td style="vertical-align:middle; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; background-color:#E6E7E8;"> Purchase Payments Received</td> <td style="vertical-align:middle; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; background-color:#E6E7E8;"> Withdrawal Amount</td> <td style="vertical-align:middle; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; background-color:#E6E7E8;"> Contract Value(1)</td> <td style="vertical-align:middle; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20; background-color:#E6E7E8;"> Total Adjusted Purchase Payments(1)</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20;"> 1</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20;"> $100,000</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; font-size:1pt;"> </td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20;"> $100,000</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> $100,000</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20;"> Activity</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20;"> $ 25,000</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; font-size:1pt;"> </td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20;"> $128,000</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> $125,000</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20;"> 2</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; font-size:1pt;"> </td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; font-size:1pt;"> </td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20;"> $131,090</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> $125,000</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20;"> 3</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; font-size:1pt;"> </td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; font-size:1pt;"> </td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20;"> $133,468</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> $125,000</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20;"> 4</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; font-size:1pt;"> </td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; font-size:1pt;"> </td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20;"> $134,458</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> $125,000</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20;"> 5</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; font-size:1pt;"> </td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; font-size:1pt;"> </td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20;"> $138,492</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> $125,000</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20;"> 6</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; font-size:1pt;"> </td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; font-size:1pt;"> </td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20;"> $142,647</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> $125,000</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20;"> Activity</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; font-size:1pt;"> </td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20;"> $35,000</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20;"> $110,844</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> $ 95,000</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20;"> 7</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; font-size:1pt;"> </td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; font-size:1pt;"> </td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20;"> $111,666</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> $ 95,000</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20;"> 8</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; font-size:1pt;"> </td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; font-size:1pt;"> </td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20;"> $103,850</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> $ 95,000</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20;"> 9</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; font-size:1pt;"> </td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; font-size:1pt;"> </td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20;"> $ 96,580</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> $ 95,000</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20;"> 10</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; font-size:1pt;"> </td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; font-size:1pt;"> </td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20;"> $ 89,820</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> $ 95,000</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20;"> 11</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; font-size:1pt;"> </td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; font-size:1pt;"> </td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20;"> $ 83,530</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> $ 95,000</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20;"> Activity</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; font-size:1pt;"> </td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20;"> $10,000</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20;"> $ 73,530</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> $ 83,629</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20;"> 12</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; font-size:1pt;"> </td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; font-size:1pt;"> </td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20;"> $ 68,383</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> $ 83,629</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20;"> 13</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; font-size:1pt;"> </td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; font-size:1pt;"> </td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20;"> $ 63,596</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> $ 83,629</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20;"> 14 Death Occurs</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; font-size:1pt;"> </td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; font-size:1pt;"> </td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20;"> $ 59,144</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> $ 83,629</td></tr> </table> (1) The greater of the Contract Value or the Total Adjusted Purchase Payments represents the Death Benefit Amount. On the Rider Effective Date, the initial values are set as follows: • Total Adjusted Purchase Payment = Initial Purchase Payment = $100,000 • Contract Value = Initial Purchase Payment = $100,000 During Contract Year 1, a Subsequent Purchase Payment of $25,000 was received within 60 days of Contract Issue as part of transfer instructions received with the application. The Total Adjusted Purchase Payment amount increased to $125,000. The Contract Value increased to $128,000. During Contract Year 6, a withdrawal of $35,000 was made. This withdrawal reduced the Total Adjusted Purchase Payment amount on a pro rata basis to $95,000 and decreased the Contract Value to $110,844. Numerically, the new Total Adjusted Purchase Payment amount is calculated as follows: First, determine the Pro Rata Reduction. The percentage is the withdrawal amount divided by the Contract Value prior to the withdrawal ($145,844, which equals the $110,844 Contract Value after the withdrawal plus the $35,000 withdrawal amount). Numerically, the percentage is 24.00% ($35,000 ÷ $145,844 = 0.2400 or 24.00%). Second, determine the new Total Adjusted Purchase Payment amount. The Total Adjusted Purchase Payment amount prior to the withdrawal is multiplied by 1 less the Pro Rata Reduction determined above. Numerically, the new Total Adjusted Purchase Payment amount is $95,000 (Total Adjusted Purchase Payment amount prior to the withdrawal x (1 – Pro Rata Reduction); $125,000 x (1 – 24.00%); $125,000 x 76.00% = $95,000). During Contract Year 11, a withdrawal of $10,000 was made. This withdrawal reduced the Total Adjusted Purchase Payment amount on a pro rata basis to $83,629 and decreased the Contract Value to $73,530. Numerically, the new Total Adjusted Purchase Payment amount is calculated as follows: First, determine the Pro Rata Reduction. The percentage is the withdrawal amount divided by the Contract Value prior to the withdrawal ($83,530, which equals the $73,530 Contract Value after the withdrawal plus the $10,000 withdrawal amount). Numerically, the percentage is 11.97% ($10,000 ÷ $83,530 = 0.1197 or 11.97%). Second, determine the new Total Adjusted Purchase Payment amount. The Total Adjusted Purchase Payment amount prior to the withdrawal is multiplied by 1 less the Pro Rata Reduction determined above. Numerically, the new Total Adjusted Purchase Payment amount is $83,629 (Total Adjusted Purchase Payment prior to the withdrawal x (1 – Pro Rata Reduction); $95,000 x (1 – 11.97%); $95,000 x 88.03% = $83,629). Since the Total Adjusted Purchase Payments were greater than the Contract Value at the time of the withdrawal, the Pro Rata Reduction resulted in the Total Purchase Payments being reduced by a greater amount than the withdrawal amount. During Contract Year 14, death occurs. The Death Benefit Amount under the Return of Purchase Payments Death Benefit will be the Total Adjusted Purchase Payments ($83,629) because that amount is greater than the Contract Value ($59,144). Using the table above, if death occurred in Contract Year 7, the Death Benefit Amount under the Return of Purchase Payments Death Benefit would be the Contract Value ($111,666) because that amount is greater than the Total Adjusted Purchase Payment of $95,000. THE EXAMPLES BELOW ASSUME OWNER CHANGE TO SOMEONE OTHER THAN PREVIOUS OWNER’S SPOUSE, TO A TRUST OR NON-NATURAL ENTITY WHERE THE OWNER AND ANNUITANT ARE NOT THE SAME PERSON PRIOR TO THE CHANGE OR IF AN OWNER IS ADDED THAT IS NOT A SPOUSE OF THE OWNER. THESE EXAMPLES DO NOT APPLY TO CONTRACTS ISSUED IN CALIFORNIA. Return of Purchase Payments Death Benefit The values shown below are based on the following assumptions: • Initial Purchase Payment = $100,000 • Rider Effective Date = Contract Date • A Subsequent Purchase Payment of $25,000 is received in Contract Year 1. • A withdrawal of $35,000 is taken during Contract Year 6. • Owner change to someone other than previous Owner’s Spouse during Contract Year 8. • A withdrawal of $10,000 is taken during Contract Year 11. • Initial Owner is 60 years of age at Contract issuance and the new Owner is 65 years of age on the date of Ownership change. <table cellpadding="0" style="border-collapse:collapse; border-spacing: 0px;" width="100%"> <tr style="font-size:1pt;"> <td style="width:20.65%;"> </td> <td style="width:21.41%;"> </td> <td style="width:21.91%;"> </td> <td style="width:20.03%;"> </td> <td style="width:15.99%;"> </td></tr> <tr> <td style="vertical-align:middle; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20; background-color:#E6E7E8;"> Beginning of Contract Year</td> <td style="vertical-align:middle; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; background-color:#E6E7E8;"> Purchase Payments Received</td> <td style="vertical-align:middle; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; background-color:#E6E7E8;"> Withdrawal Amount</td> <td style="vertical-align:middle; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; background-color:#E6E7E8;"> Contract Value(1)</td> <td style="vertical-align:middle; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20; background-color:#E6E7E8;"> Total Adjusted Purchase Payments(1)</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20;"> 1</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20;"> $100,000</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; font-size:1pt;"> </td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20;"> $100,000</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> $100,000</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20;"> Activity</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20;"> $ 25,000</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; font-size:1pt;"> </td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20;"> $128,000</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> $125,000</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20;"> 2</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; font-size:1pt;"> </td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; font-size:1pt;"> </td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20;"> $131,090</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> $125,000</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20;"> 3</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; font-size:1pt;"> </td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; font-size:1pt;"> </td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20;"> $133,468</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> $125,000</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20;"> 4</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; font-size:1pt;"> </td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; font-size:1pt;"> </td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20;"> $134,458</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> $125,000</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20;"> 5</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; font-size:1pt;"> </td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; font-size:1pt;"> </td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20;"> $138,492</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> $125,000</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20;"> 6</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; font-size:1pt;"> </td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; font-size:1pt;"> </td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20;"> $142,647</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> $125,000</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20;"> Activity</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; font-size:1pt;"> </td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20;"> $35,000</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20;"> $110,844</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> $ 95,000</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20;"> 7</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; font-size:1pt;"> </td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; font-size:1pt;"> </td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20;"> $111,666</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> $ 95,000</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20;"> 8</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; font-size:1pt;"> </td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; font-size:1pt;"> </td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20;"> $103,850</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> $ 95,000</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20;"> Owner Change</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; font-size:1pt;"> </td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; font-size:1pt;"> </td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20;"> $100,735</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> $ 95,000</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20;"> 9</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; font-size:1pt;"> </td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; font-size:1pt;"> </td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20;"> $ 96,580</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> $ 95,000</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20;"> 10</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; font-size:1pt;"> </td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; font-size:1pt;"> </td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20;"> $ 89,820</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> $ 95,000</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20;"> 11</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; font-size:1pt;"> </td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; font-size:1pt;"> </td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20;"> $ 83,530</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> $ 95,000</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20;"> Activity</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; font-size:1pt;"> </td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20;"> $10,000</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20;"> $ 73,530</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> $ 83,629</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20;"> 12</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; font-size:1pt;"> </td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; font-size:1pt;"> </td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20;"> $ 68,383</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> $ 83,629</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20;"> 13</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; font-size:1pt;"> </td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; font-size:1pt;"> </td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20;"> $ 63,596</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> $ 83,629</td></tr> <tr> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-left:0.5pt; border-left-style:solid; border-left-color:#231F20;"> 14 Death Occurs</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; font-size:1pt;"> </td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; font-size:1pt;"> </td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20;"> $ 59,144</td> <td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#231F20; border-top:0.5pt; border-top-style:solid; border-top-color:#231F20; border-right:0.5pt; border-right-style:solid; border-right-color:#231F20;"> $ 83,629</td></tr> </table> (1) The greater of the Contract Value or the Total Adjusted Purchase Payments represents the Death Benefit Amount. On the Rider Effective Date, the initial values are set as follows: • Total Adjusted Purchase Payment = Initial Purchase Payment = $100,000 • Contract Value = Initial Purchase Payment = $100,000 During Contract Year 1, a Subsequent Purchase Payment of $25,000 was received within 60 days of Contract Issue as part of a transfer instructions with the application. The Total Adjusted Purchase Payment amount increased to $125,000. The Contract Value increased to $128,000. During Contract Year 6, a withdrawal of $35,000 was made. This withdrawal reduced the Total Adjusted Purchase Payment amount to $95,000 and decreased the Contract Value to $110,844. Numerically, the new Total Adjusted Purchase Payment calculated as follows: First, determine the Pro Rata Reduction. The percentage is the withdrawal amount divided by the Contract Value prior to the withdrawal ($145,844, which equals the $110,844 Contract Value after the withdrawal plus the $35,000 withdrawal amount). Numerically, the percentage is 24.00% ($35,000 ÷ $145,844 = 0.2400 or 24.00%). Second, determine the new Total Adjusted Purchase Payment amount. The Total Adjusted Purchase Payment amount prior to the withdrawal is multiplied by 1 less the Pro Rata Reduction determined above. Numerically, the new Total Adjusted Purchase Payment amount is $95,000 (Total Adjusted Purchase Payment amount prior to the withdrawal x (1 – Pro Rata Reduction); $125,000 x (1 – 24.00%); $125,000 x 76.00% = $95,000). During Contract Year 8, an Owner change to someone other than the previous Owner’s spouse occurred. The Total Adjusted Purchase Payments on the effective date of the Owner change (the “Change Date”) will be reset to equal the lesser of the Contract Value as of the Change Date or the Total Adjusted Purchase Payments as of the Change Date. Numerically, the Total Adjusted Purchase Payments amount will be $95,000 since the Total Adjusted Purchase Payments as of the Change Date ($95,000) is less than the Contract Value as of the Change Date ($100,735). After the Change Date, the Total Adjusted Purchase Payments will be reduced by any Pro Rata Reduction for withdrawals made after the Change Date. During Contract Year 11, a withdrawal of $10,000 was made. This withdrawal reduced the Total Adjusted Purchase Payments amount on a pro rata basis to $83,629 and decreased the Contract Value to $73,530. Numerically, the new Total Adjusted Purchase Payments amount is calculated as follows: First, determine the Pro Rata Reduction. The percentage is the withdrawal amount divided by the Contract Value prior to the withdrawal ($83,530, which equals the $73,530 Contract Value after the withdrawal plus the $10,000 withdrawal amount). Numerically, the percentage is 11.97% ($10,000 ÷ $83,530 = 0.1197 or 11.97%). Second, determine the new Total Adjusted Purchase Payments amount. The Total Adjusted Purchase Payments amount prior to the withdrawal is multiplied by 1 less the Pro Rata Reduction determined above. Numerically, the new Total Adjusted Purchase Payments amount is $83,629 (Total Adjusted Purchase Payments amount prior to the withdrawal x (1 – Pro Rata Reduction); $95,000 x (1 – 11.97%); $95,000 x 88.03% = $83,629). Since the Total Adjusted Purchase Payments were greater than the Contract Value at the time of the withdrawal, the Pro Rata Reduction resulted in the Total Purchase Payments being reduced by a greater amount than the withdrawal amount. During Contract Year 14, death occurs. The Death Benefit Amount under the Return of Purchase Payments Death Benefit will be the Total Adjusted Purchase Payments ($83,629) because that amount is greater than the Contract Value ($59,144). Using the table above, if death occurred in Contract Year 7, the Death Benefit Amount under the Return of Purchase Benefit would be the Contract Value ($111,666) because that amount is greater than the Total Adjusted Purchase Payment of $95,000. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS None. INDEPENDENT AUDITORS Pacific Life’s statutory-basis financial statements as of December 31, 2025, and 2024 and for each of the three years in the period ended December 31, 2025, incorporated by reference in this Statement of Additional Information, have been audited by Deloitte & Touche LLP, an independent auditor, as stated in their report which express an unqualified opinion on the statutory-basis financial statements and an adverse opinion on accounting principles generally accepted in the United States of America. Such financial statements are incorporated by reference in reliance upon the report of such firm given upon their authority as experts in accounting and auditing. <table cellpadding="2" style="border-collapse:collapse; border-spacing: 0px;" width="100%"> <tr style="font-size:1pt"> <td style="width:13.65%"> </td> <td style="width:14.77%"> </td> <td style="width:15.94%"> </td> <td style="width:13.91%"> </td> <td style="width:14.73%"> </td> <td style="width:13.91%"> </td> <td style="width:13.09%"> </td></tr> <tr> <td style="vertical-align:middle; border-bottom:1pt; border-bottom-style:solid; border-bottom-color:#000000; border-top:1pt; border-top-style:solid; border-top-color:#000000; border-left:1pt; border-left-style:solid; border-left-color:#000000; border-right:1pt; border-right-style:solid; border-right-color:#000000; font-size:1pt"> Name of the Contract</td> <td style="vertical-align:middle; border-bottom:1pt; border-bottom-style:solid; border-bottom-color:#000000; border-top:1pt; border-top-style:solid; border-top-color:#000000; border-right:1pt; border-right-style:solid; border-right-color:#000000"> Number of Contracts Outstanding</td> <td style="vertical-align:middle; border-bottom:1pt; border-bottom-style:solid; border-bottom-color:#000000; border-top:1pt; border-top-style:solid; border-top-color:#000000; border-right:1pt; border-right-style:solid; border-right-color:#000000"> Total Value Attributable to the Index and/or Fixed Option Subject to an Adjustment</td> <td style="vertical-align:middle; border-bottom:1pt; border-bottom-style:solid; border-bottom-color:#000000; border-top:1pt; border-top-style:solid; border-top-color:#000000; border-right:1pt; border-right-style:solid; border-right-color:#000000"> Number of Contracts Sold During the Prior Calendar Year</td> <td style="vertical-align:middle; border-bottom:1pt; border-bottom-style:solid; border-bottom-color:#000000; border-top:1pt; border-top-style:solid; border-top-color:#000000; border-right:1pt; border-right-style:solid; border-right-color:#000000"> Gross Premiums Received During the Prior Calendar Year</td> <td style="vertical-align:middle; border-bottom:1pt; border-bottom-style:solid; border-bottom-color:#000000; border-top:1pt; border-top-style:solid; border-top-color:#000000; border-right:1pt; border-right-style:solid; border-right-color:#000000"> Amount of Contract Value Redeemed During the Prior Calendar Year</td> <td style="vertical-align:middle; border-bottom:1pt; border-bottom-style:solid; border-bottom-color:#000000; border-top:1pt; border-top-style:solid; border-top-color:#000000; border-right:1pt; border-right-style:solid; border-right-color:#000000"> Combination Contract (Yes/No)</td></tr> <tr> <td style="vertical-align:middle; border-bottom:1pt; border-bottom-style:solid; border-bottom-color:#000000; border-left:1pt; border-left-style:solid; border-left-color:#000000; border-right:1pt; border-right-style:solid; border-right-color:#000000"> Pacific Protective Growth 2</td> <td style="vertical-align:middle; border-bottom:1pt; border-bottom-style:solid; border-bottom-color:#000000; border-right:1pt; border-right-style:solid; border-right-color:#000000"> N/A</td> <td style="vertical-align:middle; border-bottom:1pt; border-bottom-style:solid; border-bottom-color:#000000; border-right:1pt; border-right-style:solid; border-right-color:#000000"> N/A</td> <td style="vertical-align:middle; border-bottom:1pt; border-bottom-style:solid; border-bottom-color:#000000; border-right:1pt; border-right-style:solid; border-right-color:#000000"> N/A</td> <td style="vertical-align:middle; border-bottom:1pt; border-bottom-style:solid; border-bottom-color:#000000; border-right:1pt; border-right-style:solid; border-right-color:#000000"> N/A</td> <td style="vertical-align:middle; border-bottom:1pt; border-bottom-style:solid; border-bottom-color:#000000; border-right:1pt; border-right-style:solid; border-right-color:#000000"> N/A</td> <td style="vertical-align:middle; border-bottom:1pt; border-bottom-style:solid; border-bottom-color:#000000; border-right:1pt; border-right-style:solid; border-right-color:#000000"> No</td></tr> </table> Pacific Protective Growth 2 false 0.0954 0.1942 -0.0624 0.2888 0.1626 0.2689 -0.1944 0.2423 0.2331 0.1639 0.0500 0.0500 0.0000 0.0500 0.0500 0.0500 -0.0944 0.0500 0.0500 0.0500 -0.0188 0.2178 -0.1614 0.1844 0.0543 0.0878 -0.1679 0.1503 0.0115 0.2789 0.0000 0.0500 -0.0614 0.0500 0.0500 0.0500 -0.0679 0.0500 0.0115 0.0500 0.1190 0.0500 0.0701 0.3270 -0.0014 0.3912 0.4860 0.2724 -0.3249 0.5476 0.2561 0.2077 0.0500 0.0500 0.0000 0.0500 0.0500 0.0500 -0.2249 0.0500 0.0500 0.0500 0.2136 0.1466 -0.1102 0.2542 0.1989 0.1462 -0.2048 0.1680 0.1135 0.1269 0.0500 0.0500 -0.0102 0.0500 0.0500 0.0500 -0.1048 0.0500 0.0500 0.0500 P1Y P1Y P1Y P1Y P1Y P2Y P2Y P3Y P3Y P6Y P6Y P6Y P6Y P6Y P6Y P6Y P6Y P6Y P6Y P6Y P6Y P1Y P1Y P1Y P1Y P1Y P6Y P6Y P6Y P6Y P6Y P6Y P6Y P6Y P1Y P1Y P1Y P1Y P1Y P6Y P6Y P6Y P6Y P6Y P6Y P6Y P6Y P1Y P1Y P1Y P6Y P6Y P6Y P6Y P6Y N-4/A 0001080429 true As a percentage of your Contract Value each Contract Anniversary. As a percentage of your Contract Value deducted each Contract Anniversary. An Interim Value Calculation and Adjustment will apply to your ILO Value upon any surrender (including Free Look surrenders), withdrawal (including RMDs, free withdrawal amounts, pre-authorized withdrawals, and rider charges), Performance Lock, death benefit payment, and annuitization of the Contact if value is taken from the ILO Vintage before the Term End Date. See FEES, CHARGES, AND ADJUSTMENTS for more information. The maximum loss would occur under extreme circumstances upon a withdrawal or surrender The surrender charge applies to withdrawals and surrenders in excess of the annual 10% free withdrawal amount during the first 6 Contract Years. Withdrawals and surrenders that are not subject to a surrender charge may still be subject to an Interim Value Calculation and Adjustment if withdrawn from the ILO Vintages during a Term, taxes, and tax penalties. See FEES, CHARGES, AND ADJUSTMENTS for a list of withdrawals and surrenders that will not be subject to a surrender charge. The surrender charge declines to zero over the surrender charge period according to the following schedule: Each Index is a price return index, not a total return index, and therefore does not reflect dividends paid on the securities composing the Index. This will reduce the Index Return and will cause the Index to underperform a direct investment in the securities composing the Index. The First Trust Growth Strength Net Fee Index deducts 0.65% in fees and costs when calculating Index performance, which will reduce the Index Return and cause the Index to underperform a direct investment in the securities composing the Index.