Basic Death Benefit

Available during accumulation phase, upon death of owner or annuitant (if owner is a non-natural person), benefit will be greater of 1) Account Value or, 2) Guaranteed Minimum Surrender Value (GMSV). Spousal Continuation Option and Non-Spousal Beneficiary Continuation Option are available during the accumulation phase - As per Non-Spousal Beneficiary Continuation Option, a beneficiary who is not an spouse can choose to continue the contract until the fifth anniversary of the owner's death after which the Beneficiary will be paid their share of the Account Value that has not been applied to an Annuity option or other permissible settlement option under the Code, in a single lump sum payment and this Contract will terminate.