Maximum Anniversary Value Death Benefit

Available during accumulation phase. Upon death of owner, benefit will be greatest of -1) contract value, 2) net purchase payments, or 3) highest contract value on any contract anniversary prior to owner's 83rd birthday or death. Upon election of living benefit, benefit will be greatest of -1) contract value, 2) net purchase payments reduced by any withdrawal adjustments or any withdrawal adjustments, prior to the date the living benefit is terminated and reduced for any withdrawals in same proportion that withdrawal reduced contract value on date of such withdrawal on or after the date the living benefit is terminated or 3) highest contract value on any contract anniversary prior to owner's 83rd birthday or death reduced by any Withdrawal Adjustments since contract anniversary or any withdrawal adjustments since contract anniversary, prior to the date the Living Benefit is terminated and reduced for an withdrawals in the same proportion that the withdrawal reduced the contract value on the date of such withdrawal on or after the date the living benefit is terminated.