Stepped-Up Death Benefit

Owner may elect during accumulation phase only. Upon death of annuitant, benefit will be greater of - 1) Death Benefit Amount or 2) Guaranteed Minimum Death Benefit Amount. Death Benefit Amount is greatest of - 1) contract value, or 2) total purchase payments adjusted for withdrawals. GMDB benefit base equals contract anniversary values prior to annuitant's 81st birthday, reduced for withdrawals and increased by purchase payments made.