Maximum Anniversary Value V

Available during accumulation phase. Upon death of owner or annuitant, benefit will be greatest of -1) contract value, 2) purchase payments adjusted for withdrawals, or 3) greatest contract value on any contract anniversary prior to owner or annuitant's 81st birthday, increased by purchase payments made and reduced for withdrawals up to Death Benefit withdrawal limit (5% of total purchase payments) will reduce benefit base by dollar amount, any excess withdrawal will reduce benefit base in same proportion made since date. Withdrawals up to Death Benefit withdrawal limit (5% of total purchase payments) will reduce benefit base by dollar amount, any excess withdrawal will reduce benefit base in same proportion. Owner or annuitant must participate in Asset Allocation Program. Maximum fee is 1.00% in state DE.