FlexChoice Access Death Benefit

During accumulation phase, upon death of owner, benefit will be greater of - 1) GLWB death benefit base; and 2) standard death benefit. Initial GLWB death benefit base is equal to initial purchase payment thereafter it will be increased by amount of each purchase payment made, and reduced for all withdrawals. For 10 years on each contract anniversary, if no withdrawals occurred in previous contract year, GLWB death benefit base will be increased by an amount equal to the rollup rate of 5.00% multiplied by GLWB death benefit base before such increase. Automatic step-up will also increase the GLWB death benefit base to the account value. Contract Owners having non-qualified plans have an additional feature of controlled payout plan, where they can decide the time period for receiving the benefit by beneficiaries after their death.