Maximum Anniversary Value Death Benefit

Available during accumulation phase. Upon death of owner or annuitant, benefit will be greatest of - 1) contract value, 2) total purchase payments adjusted for withdrawal, or 3) Maximum Anniversary Value. Maximum Anniversary Value, at issue equal to initial purchase payment, thereafter, increased by additional purchase payments made and reduced by withdrawals. On each contract anniversary Maximum Anniversary Value is equal to highest contract value calculated at any contract anniversary, prior to owner or annuitant's age 81.