Highest Anniversary Death Benefit

Only accessible during the accumulation phase, this policy guarantees that upon the owner's demise, the death benefit will be greatest among three possibilities: 1) the contract value, 2) the sum of purchase payments adjusted for withdrawals, or 3) the highest contract value calculated at any contract anniversary before the owner's 81st birthday and death, augmented by purchase payments made and mitigated for withdrawals. If the owner elects the i4LIFE Advantage rider, the HAV Death Benefit is only accessible alongside i4LIFE Advantage and is payable during the Access period exclusively. At the owner's demise, the HAV death benefit amount will be reduced by the Regular Income Payments (if HAV DB is greater than the contract value) made under the i4LIFE Advantage rider, on a dollar basis. Consequently, regular income payments under i4LIFE Advantage might pause until the death claim gets approved. Once approved, a lump sum settlement will be disbursed as of the claim approval date, after which remaining regular income payments (if applicable) will recommence as usual. Furthermore, the Base contract expenses under the HAVDB rider will rise by 0.40% due to i4LIFE Advantage rider charges, resulting in new contract charges of 0.95% (for ages 1 – 80; 1.15% for ages 81 – 85), assessed daily. Additionally, annual advisory fee withdrawals up to 1.25% of the contract value will not be considered as withdrawals for the death benefit calculation. However, if advisory fee withdrawals exceed 1.25% of the contract value, they will be treated as excess withdrawals under the rider and will consequently reduce the benefit amount provided by the rider.