Guaranteed Minimum Death Benefit

Available during accumulation phase. Upon death of owner or annuitant, benefit will be greater of - 2) standard death benefit or 2) GMDB Amount. Standard Death Benefit is equal to the contract value and also includes any interest credits for a partial contract year or biennial index term based on the date of death. GMDB Amount is equal to 100% of Premiums (including subsequent premiums) plus GMDB Bonus and GMDB Stacking Roll-Up Credits, adjusted for withdrawals. GMDB Bonus is 5% and will apply to the GMDB Amount on all premiums (excluding premium bonus) received in the first five contract years. GMDB Stacking Roll-Up Credit may be added to the GMDB Amount until age 85. On contract anniversary, the current GMDB Amount may be increased by 2.75% of the GMDB Amount plus the dollar amount of any interest credited to the accumulation value during the preceding year. The GMDB Stacking Roll-Up Credit percentage is set at issue, guaranteed never to decrease and compounds annually. The GMDB Amount will never exceed the maximum amount of 210% of premiums (excluding premium bonus).