Basic Death Benefit - Option Package III

Available during accumulation phase. Upon death of annuitant, benefit will be greatest of - 1) contract value, 2) total purchase payments made, adjusted for withdrawal, 3) step-up value, or 4) roll-up value. Step-up value equals highest contract value on each contract anniversary, prior to annuitant's age 85, increased by new purchase payments made and premium credits, reduced for withdrawals. Roll-up value equals contract value at issue, thereafter increased by purchase payments less any withdrawals, compounded at 5% annually, until annuitant's 76th birthday. Roll-up value may not be more than 200% of contract value at issue increased by purchase payment made and reduced by withdrawals. Owner may transfer from one option package to another on each contract anniversary.