Quarterly Ratchet Enhanced Death Benefit

Available during accumulation phase. Upon death of owner, benefit will be greater of - 1) basic death benefit, or 2) Quarterly Ratchet Minimum Guaranteed 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. Quarterly Ratchet Minimum Guaranteed Death Benefit allocated to Covered Funds plus contract value allocated to Excluded Funds. Quarterly Ratchet Minimum Guaranteed Death Benefit will be recalculated on each quarterly contract anniversary, prior to annuitant's age 90, to greater of - 1) contract value in Covered Funds and Excluded Funds, or 2) Quarterly Ratchet MGDB in Covered Funds and Excluded Funds. Death benefit allocated to Covered and Excluded Funds equals purchase payment plus premium credits, if applicable, allocated to Covered and Excluded Funds, adjusted for withdrawals and transfers.