Exhibit 4(f)
FIXED ACCOUNT RIDER
This rider is made part of the basic contract/certificate to which it is
attached. The date of issue of the rider is the same as that of the
contract/certificate unless a different date is shown on the
Contract/Certificate Specifications page. Except as provided in this rider, the
Fixed Account is treated the same as an Underlying Fund.
When the Contract Owner or the Participant/Certificate Owner (hereinafter
referred to as Participant) if so authorized, direct Us to do so, We will apply
all or any part of the Purchase Payments to the Participant's Individual Account
to the Fixed Account.
PURCHASE PAYMENTS
The Purchase Payments are the payments the Contract Owner and/or the Participant
allocate to the Fixed Account. No Purchase Payment after the first is required
to keep the Fixed Account in effect, as long as the contract/certificate is in
effect.
We will apply the allocation of the first net Purchase Payment paid for the
Fixed Account to provide Accumulation Units to the Fixed Account within two
business days after it is received in good order at Our Office. We will apply
any allocation of the net Purchase Payments after the first net Purchase Payment
to the Fixed Account as of the day We receive it at Our Office.
VALUATION INFORMATION
For the purpose of the Fixed Account only, the VALUATION INFORMATION section of
the basic contract/certificate is amended by deleting the following provisions:
1. "Number of Accumulation Units;"
2. "Accumulation Unit Value;" and
3. "Net Investment Factor;"
and the following provisions are added.
NUMBER OF ACCUMULATION UNITS
We will determine the number of Accumulation Units to be credited to the Fixed
Account by dividing the net Purchase Payment applied to the Fixed Account by the
applicable Accumulation Unit Value of the Fixed Account.
ACCUMULATION UNIT VALUE
We will determine the value of an Accumulation Unit for the Fixed Account on any
day by multiplying:
a) the value on the immediately preceding date; by
b) the net interest factor for the day on which the value is being
determined.
NET INTEREST FACTOR
The net interest factor for a day is:
1. the assured Net Interest Rate which is equivalent to the minimum
guaranteed interest rate for the Fixed Account shown on the
Contract/Certificate Specifications, plus
2. any interest in excess of the assured Net Interest Rate credited at
Our discretion, plus
3. 1.000000.
INTEREST CREDITED TO THE FIXED ACCOUNT
[The interest rate for the Fixed Account is declared each calendar quarter and
guaranteed for that calendar quarter. All purchase payments in the Fixed Account
will receive the same interest rate for a given calendar quarter.]
Interest will be compounded and credited to the Fixed Account at a daily rate
equivalent to the effective annual interest rate as determined by Us. The rate
will never be less than the guaranteed minimum interest rate shown on the
Contract/Certificate Specifications. Additional amounts may be credited by Us
for the guaranteed interest periods.
L-22434 NYA 1 Ed. 9-06
TRANSFERS BETWEEN THE UNDERLYING FUNDS AND THE FIXED ACCOUNT
Amounts may generally be transferred from the Underlying Funds to the Fixed
Account at any time. Amounts may be transferred from the Fixed Account to the
Underlying Funds as described on the Contract/Certificate Specifications page.
No transfers will be allowed between the Fixed Account and any Competing Fund in
the Plan. We reserve the right to limit the number of transfers and percentage
of Cash Value, as shown on the Contract/Certificate Specifications page, to be
transferred from the Fixed Account to the Underlying Funds. The minimum number
of transfers allowed would be one in any six-month period.
TRANSFERS BETWEEN CONTRACTS NOT ISSUED BY US AND THE FIXED ACCOUNT
At the Written Request of the Contract Owner, or the Participant if so
authorized, We will make available the Cash Surrender Value of the Fixed Account
for transfer to contracts not issued by Us, subject to the restrictions on the
Contract/Certificate Specifications page.
The right to limit the number of transfers and percentage of Cash Value to be
transferred from the Fixed Account to contracts not issued by Us does not apply
upon Contract Discontinuance.
TRANSFERS BETWEEN OTHER CONTRACTS AND CONTRACT/CERTIFICATES ISSUED BY US AND THE
FIXED ACCOUNT
We may allow the Contract Owner, or the Participant if so authorized, to
transfer funds held for You in another group annuity contract or
contract/certificate issued by Us to the Fixed Account without incurring
deferred sales charges or surrender charges to the funds being transferred. Once
the transfer is complete and We have established an account for You at the
direction of the Contract Owner or You if so authorized, new deferred sales
charges or surrender charges may apply to the Fixed Account as shown on the
Contract/Certificate Specifications page.
We may also allow the Contract Owner, or the Participant if so authorized, to
transfer funds held by the Contract Owner for You in the Fixed Account to
another contract or contract/certificate issued by Us without incurring deferred
sales charges or surrender charges shown on the Contract/Certificate
Specifications page to the funds being transferred. Once the transfer is
complete and We have established a new account for You, new deferred sales
charges or surrender charges may apply to the new contract or certificate in
accordance with the provisions of the contract or certificate.
DISTRIBUTION FROM THE FIXED ACCOUNT
ALLOWABLE DISTRIBUTIONS
The Contract Owner, or the Participant if so authorized, may request allowable
distributions shown on the Contract/Certificate Specifications page from the
Fixed Account at any time. Upon receipt of a Written Request, We will pay the
Contract Owner or the Participant if so authorized, the Cash Value of the Fixed
Account as applicable for those allowable distributions.
SURRENDER FROM FIXED ACCOUNT CELLS
For the purpose of processing distributions from the Fixed Account, withdrawals
are taken from the most recent "cell" first, and each subsequent cell is
accessed for distributions in descending order on a Last-In, First-Out (LIFO)
basis.
The Cash Surrender Value will be determined as of the Next Valuation Date
following receipt of the Written Request. We will pay you the Cash Surrender
Value in the Fixed Account no later than 60 days from the date of the Written
Request. If a payment is deferred more than 10 working days from the date the
request is received, interest will continue to be earned during the deferred
period at the rate required by law or at the rate currently being credited under
this rider, whichever is greater.
L-22434 NYA 2 Ed. 9-06
CONTRACT/CERTIFICATE CHARGES
No Account Charge is applicable to the Fixed Account.
CONTRACT DISCONTINUANCE PROVISIONS
If the contract is discontinued, this contract/certificate and rider will also
be discontinued, and no further Purchase Payments or transfers will be allowed.
We will pay the Cash Value of the Fixed Account in one lump sum to the Contract
Owner, or Participant if so authorized, no later than 30 days following the date
of discontinuance. If we defer payment for 10 working days or more, interest
will continue to be earned during the deferred period at the rate required by
law or at the rate currently being credited under this rider, whichever is
greater. No surrender charges nor market value adjustment will be assessed
against the cash value of the Fixed Account if the contract is discontinued.
METLIFE INSURANCE COMPANY OF CONNECTICUT
[
/s/ C. Robert Henrikson
----------------------------------------
C. ROBERT HENRIKSON
President and Chief Operating Officer ]
L-22434 NYA 3 Ed. 9-06