Maximum Anniversary Value Death Benefit

Available during accumulation phase only. Upon death of owner, benefit will be greatest of - 1) contract value, 2) purchase payments, compounded at 5% annually (4% if owner's age is 70 or older at issue), 3) contract value at 7th contract year increased by purchase payments made since 7th year and adjusted for withdrawals, accumulated at 5% (4% if owner is age 70 or older at issue) or 4) greatest contract value calculated on any contract anniversary prior to owner's 81st birthday, less any withdrawals and expenses. Issuer will step-up benefit base, once at seventh contract anniversary. Benefit base can never exceed 250% of premiums paid, less withdrawals, charges and taxes except under contract value.