LifeGuard Freedom Flex DB (Closed)

Benefit is only available in conjunction with LifeGuard Freedom Flex - 6% Bonus and Annual Step-Up GMWB - Single Life. 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 is equal to initial purchase payments adjusted for purchase payments made, Contract Enhancements and withdrawals. On 7th contract anniversary following rider date, GMWB Death Benefit will step up to contract value if contract value is greater than GMWB Death Benefit. Features offered through this rider may be different in MO. Also, Issuer applies a monthly charges for state WA and MO - 0.72% With Income Stream Level 3, 0.75% With Income Stream Level 4 & 0.81% With Income Stream Level 5 of benefit base.