Greater of Death Benefit

Available during accumulation phase. Upon death of owner, benefit will be greatest of - 1) contract value, 2) benefit base, 3) roll-up to age 85, or 4) Highest Anniversary Value. Benefit base is greater of - 1) purchase payments allocated to Protection with Investment Performance variable investment options plus amounts transferred to Protection with Investment Performance variable investment options, or 2) highest Protection with Investment Performance variable investment account value on any contract anniversary, until age 86, adjusted for any transfer or contribution to Protection with Investment Performance variable investment options. Roll-up benefit base is equal to purchase payments allocated to Protection with Investment Performance variable investment options plus amounts transferred to Protection with Investment Performance variable investment options and annual roll-up amount reduced for withdrawals plus any Deferral bonus Roll-up amount or Annual Roll-up amount. Annual Roll-up rate is used to calculate amounts credited to Roll-up to age 85 benefit base for contract year in which the first withdrawal is made from Protection with Investment Performance account and all subsequent contract years. This rate is calculated using Ten-Year Treasuries Rate Formula. A different Roll-up rate is used to calculate amounts credited to Roll-up to age 85 benefit base in contract years prior to first withdrawal from Protection with Investment Performance account the Deferral bonus Roll-up rate. Deferral bonus Roll-up rate is used to calculate amounts credited to Roll-up to age 85 benefit base through end of contract year that precedes contract year in which first withdrawal is made from Protection with Investment Performance account. Annual Roll-up rates and Deferral bonus Roll-up applicable at contract issue will be applicable for the first two contract years, starting with third contract year, a new Annual Roll-up rate will apply to the contract. Owner must participate in Asset Allocation Program.