Installment Death Benefit (Standard & Lite states)

Available at accumulation phase only, with Lifetime Income Rider. Installment Option waiting period is 10 years with Future Income option. Death benefit upon death of the owner is equal to the lesser of the 1) Income Base under the Lifetime Income Rider, multiplied by the Installment Death Benefit Factor of 100%, or 2) Maximum Death Benefit. Maximum Death Benefit is equal to the Account Value multiplied by the Maximum death benefit factor of 125%. The income base is equal to the initial premium, plus any additional premium increased by the Income Base Bonus of 30% if Anytime Income Option is elected; or 45% if Future Income Option is elected. Death Benefit may increase up to the owner’s maximum attained age of 100 and up to the Maximum Death Benefit value.