LifeGuard Freedom DB

Benefit is only available in conjunction with LifeGuard Freedom GMWB. Upon death of owner, benefit is greater of - 1) basic death benefit, or 2) GMWB death benefit. Basic death benefit is greater of - a) contract value, or b) total purchase payments adjusted for withdrawals. GMWB death benefit depends on time when rider is elected; if rider is elected at contract issue, benefit base equals initial purchase payments adjusted for purchase payments made and withdrawals; if rider is elected after contract issue, benefit base equals contract value adjusted for charges and deductions. Withdrawals will reduce benefit base by dollar amount for portion of withdrawal not defined as excess withdrawal and in same proportion by excess withdrawal.