Lifetime Income Plus 2008 - Principal Protection Death Benefit

Benefit is only available in conjunction with Lifetime Income Plus 2008. Upon death of annuitant, benefit will be greatest of - 1) purchase payments adjusted for withdrawals; 2) contract value; 3) Principal Protection Death Benefit; or 4) any other death benefit payable under contract. Principal Protection Death Benefit is equal to initial purchase payment, at contract issue thereafter increased by purchase payments made and reduced for withdrawals. If withdrawals are less than or equal to annual benefit payment, death benefit will be reduced by dollar-for-dollar amount, If withdrawals are in excess of annual benefit payment, death benefit will be reduced to the lower of - 1) Principal Protection Death Benefit before withdrawal minus gross withdrawal; or 2) contract value after withdrawal.