Guaranteed Minimum Withdrawal Benefit with Inflation Adjustment - Enhanced Death Benefit

Available during accumulation phase. Upon death of annuitant, benefit will be greater of - 1) contract value, 2) total purchase payments adjusted for withdrawals, or 3) step-up value. Initially benefit base will be set equal to initial purchase payments thereafter increase by subsequent purchase payment, on each contract anniversary benefit base will be stepped-up equal to contract value if greater prior to annuitant's 80th birthday. Benefit base can never be less than zero or greater than $1,000,000. 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. Benefit will be payable until actual age 95 of annuitant or until contract value reaches zero, if earlier.