Annual Ratchet Enhanced Death Benefit

Available during accumulation phase. Upon death of owner, benefit will be greater of - 1) basic death benefit, or 2) Annual Ratchet Minimum Guaranteed Death Benefit. Basic death benefit will be greatest of - 1) contract value, 2) surrender value, or 3) Standard Minimum Guaranteed Death Benefit for amounts allocated to covered funds plus contract value allocated to exclude funds less any premium credits added within 12 months prior to death. Annual Ratchet Minimum Guaranteed Death Benefit allocated to covered funds plus contract value allocated to exclude funds less any premium credits applied within 12 months prior to death. Annual Ratchet Minimum Guaranteed Death Benefit will be recalculated on each contract anniversary, prior to owner's age 90, to greater of - 1) contract value in covered funds and excluded funds, or 2) Annual Ratchet MGDB in covered funds and excluded funds. Death benefit allocated to covered and excluded funds equals purchase payment plus premium credits, if applicable, allocated to covered and excluded funds, adjusted for withdrawals and transfers.