Highest Annual Death Benefit

Benefit is only available in conjunction with Highest Daily Lifetime Income 3.0 or Spousal Highest Daily Lifetime Income 3.0. Upon death of owner and annuitant, benefit will be greater of - 1) minimum death benefit; 2) highest annual death benefit. On the date of election, the highest annual death benefit amount is equal to account value, thereafter benefit amount will be the greater of - 1) unadjusted account value; or 2) highest annual death benefit amount on most recent rider anniversary, increased by any purchase payments made, reduced by the effect of withdrawals. Non-Lifetime and excess lifetime withdrawals will proportionately reduce the highest daily death benefit. Lifetime withdrawal that is not considered as excess withdrawal will reduce the benefit amount by dollar amount.