Income Protector - Principal Protection Death Benefit

Benefit is only available in conjunction with Income Protector. Upon death of annuitant, benefit will be greatest of - 1) basic death benefit, 2) Principal Protection Death Benefit or 3) 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 in same proportion for each dollar that is in excess of annual benefit payment.