Removal of Dividend Section Rider
DIVIDEND SECTION RIDER
This rider is made part of
the group annuity contract to which it is attached. Such group annuity contract
is issued by us to you. All terms defined in this contract have the same meaning
where used in this rider.
The effective date of this
rider is the latest of (i) July 1, 1998 or (ii) the date the
rider was approved for use in the state of issue of this contract.
This rider modifies the
contract by striking SECTION 3--DIVIDENDS from the General Provisions
article of the contract and by renumbering all of the sections thereafter to
reflect the change.
PRINCIPAL LIFE INSURANCE COMPANY
CHIEF EXECUTIVE OFFICER