Basic Death Benefit

Available during accumulation phase. Upon death of owner benefit will be the greater of Contract value or Premiums minus withdrawals and taxes. Death Benefit payment will be received in - a) Single lump sum payment b) Entire death benefit within five years of death c) Payments over (i) the lifetime of the beneficiary or (ii) Period not exceeding the beneficiary’s life expectancy, with distributions beginning within one year of death. Death benefit payment option may be preselected at contract inception. Availability of preselection is subject to Internal Revenue Code requirements.