Basic Death Benefit

Available during accumulation phase. If owner who is not annuitant dies, benefit will be equal to contract value. Upon death of owner who is annuitant under contract, benefit will be greater of - 1) contract value, or 2) adjusted net purchase payments. Adjusted net purchase payments are equal to total purchase payments less the sum of all adjusted withdrawals, where adjusted withdrawals are greater of - 1) amount of each withdrawal; or 2) amount of each withdrawal multiplied by ratio of - i) amount of adjusted net purchase payments prior to withdrawal, or ii) contract value prior to withdrawal.