Lifetime Focus

• Available only at contract issue and may not be available in all states.
• Initial premium payment must be at least $5,000.
• Maximum premiums without prior GIAC approval: $3 million for the first year; $100,000 for each subsequent year.
• With the Spousal version, one person is the Primary Covered Person and the legally married spouse is the Secondary Covered Person.
• Spousal version is available for non-qualified, IRA, grantor trust and salary deferral 403(b). For non-qualified, the Secondary Covered Person may be listed as joint owner. For all of the above, the Secondary Covered Person must be the primary beneficiary.
• Single version is available for non-qualified, IRA, grantor trust and salary deferral 403(b). The single version is also available for 401(k) defined contribution, 401(a) and ERISA 403(b).
• Annual fees: Spousal version: 0.85% (maximum 1.25%); Single version: 0.65% (maximum 1.25%). The annual fee is based on the greater of the total premium payments made to the contract or the Guaranteed Withdrawal Balance at the close of business on the day immediately preceding the day the rider fee is deducted from the contract. Depending on the performance of the underlying investment options, the selection of a Guaranteed Minimum Withdrawal Benefit may result in higher contract expenses for which no additional benefit is received.
• Not available with the Decade, Guaranteed Minimum Income Benefit Rider, the Earnings Benefit Rider or any other Guaranteed Minimum Withdrawal Benefit riders.
• Currently, Dollar Cost Averaging is not available in contracts with GMWB riders.

Fees and expenses for GIAC variable annuities

• M&E charges: Fees for GIAC variable annuities depend on which variable annuity you purchase. Annual mortality and expense risk charges (M&E charges) range from 1.00% to 1.55% of the net assets in the variable investment options.
• Administrative charges: Annual administrative charges are 0.20% of the net assets in the variable investment options.
• Annual contract fee: A $35.00 annual fee applies if the variable annuity’s contract value is less than $100,000 on the contract anniversary.
• Contingent Deferred Sales Charges: Declining surrender charges are specific to each variable annuity; the maximum charge is 8%. Additional annual charges may apply if any optional variable annuity riders are selected.
• Operating expenses for the variable investment options ranged from 0.35% to 1.61% for the 2006 fiscal year.

Withdrawals vs. annuity payments
Withdrawals allow you access to your money if you need it. Annuity payments may have tax benefits and can be guaranteed for life. When deciding which is right for you, you should consider your life expectancy, the amount you will receive each year and over the life of your contract, how long you’d like your payments to last, and any tax consequences.