Basic Death Benefit

Available during accumulation phase only. Upon death of owner or annuitant, benefit will be greater of - 1) contract value, 2) Guaranteed Minimum Cash Surrender Value (GMCSV) or 3) Guaranteed Minimum Non-Surrender Value (GMNSV). The GMCSV is equal to 87.5% of the premiums less partial surrenders and taxes, if applicable, growing at a guaranteed minimum cash surrender value interest rate and GMNSV is equal to 100% of the premiums less partial surrenders and taxes, if applicable, growing at a guaranteed minimum non-surrender value interest rate.