Basic Death Benefit

During the accumulation phase, death benefit will be equal to the fixed account value plus indexed account value with indexed interest credited to the date of death. The indexed interest calculation on the date of death takes into account the index value and cap set on the previous premium allocation anniversary. Any interest after the date of death will be processed by the death claims system, based on state death claims interest rates. Indexed interest will not be credited to the date of death in the event of an annuitant exchange. The death benefit in the payout phase is determined by the settlement option selected.