5% Step-Up Death Benefit

Available during accumulation phase only. Upon death of owner or annuitant, benefit will be greatest of - 1) Basic death benefit, 2) accumulation of purchase payments adjusted for withdrawals at an annual rate of 5% from date of the transaction to earlier of the date of death of the deceased person or the contract anniversary immediately preceding deceased person's 81st birthday. Each transaction is accumulated separately to a maximum of 200% of the transaction. The accumulation as of the contract anniversary immediately preceding the 81st birthday of the deceased Contract Owner, joint owner or Annuitant will then be increased by Purchase Payments made on or subsequent to that contract anniversary and decreased by withdrawals on or subsequent to the contract anniversary.