Maximum Anniversary Value Death Benefit

Available during the accumulation phase. Upon death of owner or annuitant, Maximum Anniversary Value Death Benefit is the greater of - the Contract Value, or the Maximum Anniversary Value. The Maximum Anniversary Value is initially equal to the Purchase Payment received on the Issue Date. On each Index Anniversary before the end date (or on the next Business Day if the Index Anniversary is not on a Business Day) the Maximum Anniversary Value is equal to the greater of - (1) its current value after processing any additional Purchase Payments or withdrawals, or (2) the Contract Value determined at the end of the Business Day after we process all daily transactions including Credits, any additional Purchase Payments or withdrawals, and amounts we withdraw for Contract expenses. If the Index Effective Date occurs after the Issue Date, the Maximum Anniversary Value on the Index Effective Date is calculated in the same way as on an Index Anniversary. Rider locks in any annual index anniversary investment gain to potentially provide an increased death benefit. On and after the end date, no annual investment gains are captured and Maximum Anniversary Value Death Benefit amount equals to the Guaranteed Death Benefit Value. The end date occurs on the earliest of 1) 90th birthday; or 2) the end of the business day, issuer receives the claim.