The projected "Account Value" is the dollar representation of of what
the annuity may be worth at the end of the surrender period. This value
was calculated on certain assumptions on a current basis.
We have created another calculation which we have coined "**Yield to Surrender**".
Essentially that is the annualized yield of the annuity calculated over the time
the surrender charge exists. Thus "Yield to Surrender".

**Current Yield to Surrender**

This is the yield based on the first year guaranteed interest rate and
any number of successive years in which the interest rate is guaranteed.
Then the calculation uses the base rate through last year in which the
surrender charge applies.

**Guaranteed Yield to Surrender**

This yield is calculated only using the guaranteed interest rate for each year.

In the category of CD-Type Annuities the Current Yield to Surrender is
also the **Guaranteed Yield to Surrender**. The interest rate is guaranteed
for every year in which a surrender charge exists.