IV. Conversion Options Available From The Minimum Distribution Option

		Annuity Conversion Options		Death Benefit Options
Participant	Calculation Beneficiary	If both the participants and the calculation beneficiary are alive, the participant can switch to a:		If the calculation beneficiary dies, the participant can elect one of the following:		If the participant dies, the calculation beneficiary can elect one of the following:
1. Recalculation	Recalculation	One-Life Annuity Two-Life Annuity Fixed Period Annuity (as available in original contract)		Continue MDO payments based on the survivor's life expectancy using the Recalculation Method Convert the MDO to a One-Life Annuity Fixed Period Annuity (as available in original contract)		Continue MDO payments based on the survivor's life expectancy using the Recalculation Method One-Life Annuity Fixed Period Annuity Lump Sum
2. Recalculation	One-Year-Less	One-Life Annuity Fixed Period Annuity (as available in original contract)		Continue MDO Payments based on the joint life expectancy of the participant and the calculation beneficiary, as though the calculation beneficiary had not died Convert the MDO to a One-Life-Annuity Fixed Period Annuity (as available in original contract)		Continue MDO payments based on the survivor's life expectancy using the One-Year-Less Method Fixed Period Annuity Lump Sum
3. One-Year-Less	Recalculation	No Conversion To A Life Annuity: Fixed Period Annuity (as available in original contract)		Continue MDO payments based on the survivor's life expectancy using the One-Year-Less Method Fixed Period Annuity (as available in original contract)		Continue MDO payments based on the joint life expectancy of the participant and the calculation beneficiary as though the participant had not died (no MDIB restriction) One-Life Annuity Fixed Period Annuity Lump Sum
4. One-Year-Less	One-Year-Less	No Conversion To A Life Annuity Fixed Period Annuity (as available in original contract)		Continue MDO Payments based on the joint life expectancy of the participant and the calculation beneficiary, as though the calculation beneficiary had not died Fixed Period Annuity (as available in original contract)		Continue payments based on the joint life expectancy of the participant and the calculation beneficiary using the One-Year-Less Method (no MDIB restriction) Fixed Period Annuity Lump Sum
5. Recalculation	No calculation beneficiary	One-Life Annuity Fixed Period Annuity (as available in original contract)		Not Applicable		Not Applicable
6. One-Year-Less	No calculation beneficiary	No Conversion To A Life Annuity: Participant must receive MDO payments until accumulation is depleted Fixed Period Annuity (as available in original contract)		Not Applicable		Not Applicable