Combined Annual Stepped Up and Guaranteed Growth Death Benefit

Available during accumulation phase. Upon death of owner, benefit will be greatest of - 1) contract value, 2) total purchase payments adjusted for withdrawals, 3) guaranteed growth death benefit at 5%, 4) annual stepped up 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.