Basic Death Benefit - Option Package III

Available during accumulation phase. Upon death of owner, benefit will be greatest of - 1) basic death benefit, 2) Annual Ratchet Minimum Guaranteed Death Benefit, or 3) 5% Roll-Up 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 Excluded 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 Excluded Funds less any premium credits added 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. 5% Roll-Up Death Benefit is lesser of - 1) 3 times all purchase payments plus premium credits, if applicable, adjusted for withdrawals, or 2) sum of 5% Roll-Up Death Benefit allocated to Covered Funds, 7% MGDB allocated to Special Funds, and contract value allocated to Excluded Funds. 7% MGDB allocated to Covered Funds equals purchase payments plus premium credits, if applicable, allocated to Covered Funds, adjusted for withdrawals and transfers, accumulated at 7% annually until age 80.There is no accumulation of 7% MGDB allocated to Special Funds. 7% MGDB allocated to Excluded Funds is determined in same way as for Covered Funds, but calculation is not used for benefit purposes, but only to determine impact of transfers to and from Excluded Funds.