This Flexible Premium Deferred Annuity plan provides maximum opportunity to vary deposits for the accumulation of funds for retirement or other specific objectives. It may be issued at any age.

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At maturity (usually the policy anniversary nearest the policyowner's 65th birthday) settlement involves a guaranteed monthly life income (120 months certain). The amount of such income is determined by multiplying the annuitized values or cash values at that time (see Definitions) by the factor shown in the Settlement Options Table of the policy. If death occurs, the remaining annuitized value will be paid to a named beneficiary.

Under IRA and HR-10 plans such monthly income may not commence before age 59 1/2 or later than age 70 1/2 in order to avoid income tax implications. Non-qualified plans permit the election of settlement option incomes at any time, based on the policy's then annuitized value or cash value (see Definitions).

	Flexible Premium Deferred Annuity FPDA PLANS

FPDA	- (non-qualified plan)
FPDA-IRA	- (IRA, Roth IRA) (tax-qualified plan, 1st Year 2% Bonus)
FPDA-TSA	- (TSA) (tax-qualified plan, 1st Year 2% Bonus)
FPDA-ESA	- (ESA) (Coverdell- Education Savings Account, 1st Year 2% Bonus)

#1 - There is no policy fee while the account balance is greater than $3,000. An annual $24.00 fee is applied whenever the balance is less than $3,000 and there has not been at least $1,000 deposited during the preceding policy year.

#2 - Each of the above plans will be issued with a Nursing Home Rider providing the owner's age is 75 or younger at the time of issue. After the owner has had 60 consecutive days of confinement to a Nursing Home, additional partial withdrawals are available without surrender charge.

#3 - Penalty free partial withdrawls are available once per policy year - up to 10% of the account value.

The guaranteed minimum interest rate is 3% for all years. The net accumulation is called the annuitized value. A surrender charge is levied against the accumulation if surrendered during the first nine contract years. The surrender charge for this plan is 9% the first year and decreases 1% per year. The cash value is the surrender value. A partial withdrawal provision permits withdrawal of up to 10% of he Annuitized Value per year without incurring the surrender charge.

This page provides a brief review of key points of the above noted annuities. Please review the actual annuity policy for specific information.

DEFINITIONS

Annuitized Value is the gross payments less the policy fee, if any, compounded annually with interest. It is the amount paid as a death benefit provided it exceeds the total premiums paid to that date. It is also the value used to calculate the monthly income available under the policy settlement options.

Cash Value is the amount the owner would receive if the policy is surrendered. It is also the value used to calculate the monthly income available under the policy settlement options. The cash value and annuitized value are the same on and after the 10th policy anniversary.

Monthly Income is the monthly life income produced from the guaranteed cash value to provide life income at age 65, using Option 2, Life Income, as shown in the policy.

Projected Income (current rate, not guaranteed) is the monthly income produced from the projected cash value to provide life income at age 65 at the current rate.