Maximum Anniversary Value Death Benefit

Available during accumulation phase. Upon death of owner, benefit will be greatest of -1) contract value, 2) net purchase payments, or 3) highest contract value on any contract anniversary prior to owner's 83rd birthday or death. Issuer may use different calculation upon election of living benefit. Issuer provides Withdrawal Adjustment with living benefit which depends on when owner want to take a withdrawal and the amount of withdrawal. If cumulative withdrawals for the current contract year are taken prior to 81st birthday and are less than or equal to the Maximum Annual Withdrawal Amount, the amount of adjustment will equal the amount of each withdrawal. If a withdrawal is taken prior to 81st birthday and cumulative withdrawals for the current contract year are in excess of the Maximum Annual Withdrawal Amount, the contract value and the death benefit are first reduced by Maximum Annual Withdrawal Amount. If a withdrawal is taken on or after 81st birthday, the amount of adjustment is determined by the percentage by which the withdrawal reduced the contract value.