Step-Up Death Benefit Enhancement

Available during accumulation phase. Upon death of annuitant, benefit will be equal to minimum death benefit amount minus greater of - 1) variable account value, or 2) purchase payments made into Separate Account adjusted for any withdrawals. On contract date, minimum death benefit is equal purchase payments made into Separate Account; on first day of any calendar month following contract date prior to next contract anniversary, benefit is equal to minimum death benefit amount on first day of prior calendar month plus purchase payments made into Separate Account during prior calendar month, adjusted for withdrawals; on or after calendar month following contract anniversary, minimum death benefit amount is equal to greater of - 1) minimum death benefit amount as of first day of prior calendar month plus purchase payments made into Separate Account during prior calendar month, adjusted for withdrawals, or 2) Variable Account Value prior to contract anniversary until annuitant reaches age 80 plus purchase payments made into Separate Account adjusted for withdrawals. Withdrawal will reduce benefit base either in same proportion or by dollar-for-dollar amount, whichever results in lower benefit base. Benefit base can never be more than $1,000,000. Benefit is payable until age 95. Issuer imposes monthly charges depending on attained age of annuitant and amount of death benefit enhancement - $0.208 for annuitant's age 40 or younger as of prior contract anniversary (Max - $17.292 for annuitant's age 90-94 as of prior contract anniversary) per $1,000, as per prescribed schedule for various attained age bands. Please see prospectus for details.