5-YEAR SURRENDER PERIOD

Flexible Premium Deferred Roth Ira Annuity

ISSUE AGES: 18-89

MINIMUM INITIAL PREMIUM - $500

Current interest rate is subject to change

Please refer to the quarterly Interest Rates Notice

Sliding scale of contract surrender charges for 5 years

No partial withdrawals may be taken in the first year

10% of the Accumulation Value may be withdrawn in years 2-5 without penalty

Transfers, rollovers and conversions from 401ks or other qualified plans accepted

Deposit limits, transfer conditions and early withdrawals are defined by federal law.

Roth Ira

I. The Roth IRA is funded by after-tax dollars only.

II. The contribution is limited to the greater of $6,000 per year or 100% of earned income for individuals, reduced by the amount of any IRA contributions. An additional $1,000 is allowed for those age 50 or over.

III. Conversion of a Traditional IRA to a Roth IRA is permitted, but is subject to federal taxation.

IV. Roth IRA distributions are excluded from gross income (and avoid IRS taxation and penalty):

A. If the owner is at least 59 1/2,

B. And has held a Roth IRA for at least 5 years.

C. Other qualifying distributions as defined by federal law apply.

Spousal Roth IRA

I. For a spousal Roth IRA contributions have the same limitations.

II. The spouse can have no compensation in that year or less than would be needed to support the entire contribution. Special rules apply if filing separately from spouse.

Current tax laws, which may or may not be applicable at future dates, provide that any distributions are includable in taxable income to the extent of earnings in the contract. Further, a 10% penalty tax may be applicable to premature distributions of an annuity to the extent the payment is includable in taxable income. Under current law, any distribution before age 59 1/2 will generally be subject to the penalty tax. The tax situation of an individual will be effected to the extent that taxes and penalties are payable. The individual should consult his or her tax adviser.