EDB Max IV

Available during accumulation phase. Upon death of owner, benefit will be greater of - 1) contract value; or 2) Death benefit base. Death benefit base is greater of - 1) highest anniversary value; or 2) annual increase amount. Highest anniversary value equals highest contract value on any contract anniversary prior to owner's 81st birthday adjusted proportionately for withdrawals and increased by purchase payments made. Annual increment amount equals initial purchase payment plus additional purchase payments made within 120 days increased for 5% annual increase rate prior to owner's 91st birthday adjusted for withdrawals. Withdrawal will reduce annual increase amount by dollar amount, if taken before 5th anniversary and withdrawal is greater than 4.5% (5% if withdrawal is taken after 5th anniversary), otherwise annual increase amount will be reduced in same proportion. Owner may elect either one time optional step-up or automatic annual step-up, to reset guaranteed amount equal to contract value until age 80, automatic annual step-up will continue until 7th anniversary, owner may re-elect this option. Owner must select an Asset Allocation Program.