Earnings Optimizer 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 contract value plus an amount equal to the enhancement rate multiplied by the lesser of 1) the contract earnings, which is equal to the contract value, plus all purchase payments adjusted for withdrawals; or 2) the covered earnings limit, which is equal to the 200% of the sum of all purchase payments adjusted for withdrawals. If owner elects the i4LIFE Advantage rider, the Earnings Optimizer Death Benefit is only accessible alongside i4LIFE Advantage and is payable during the Access period exclusively. At the owner's demise, the Earnings Optimizer 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 Earnings Optimizer DB rider will rise by 0.40% due to i4LIFE Advantage rider charges, resulting in new contract charges of 0.7% (for age at issue 1 – 69; 1.10% for ages 70 – 75), assessed quarterly. 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.