Combined Enhanced, Annual Stepped Up and Guaranteed Growth Death Benefit

Available during accumulation phase. Upon death of owner, benefit will be greatest of - 1) contract value plus enhanced death benefit, 2) total purchase payments adjusted for withdrawals, 3) guaranteed growth death benefit at 5% plus enhanced death benefit, or 4) annual stepped up death benefit plus enhanced death benefit. Guaranteed growth death benefit is equal to purchase payment accumulated at 5% annually, until earliest of - i) annuitization, ii) contract anniversary following annuitant's 80th birthday, iii) death, or iv) six-month anniversary of owner's death, thereafter increase by credit enhancements or bonus credits and adjusted for withdrawals. Annual Stepped Up Death Benefit is equal to highest contract value calculated on any contract anniversary, prior to owner's 81st birthday, increased by purchase payments and reduced for withdrawals made after reset date. Enhanced death benefit is lesser of - 1) 50% (25% if age at issue is 70 or older) of contract gain, or 2) 50% (25% if age at issue 70 or older) of adjusted purchase payments. Contract gain equal to contract value less adjusted purchase payments.