Guaranteed Minimum Death Benefit

Available during accumulation phase. Upon death of owner or annuitant, benefit will be equal to contract value. Death Benefit also includes any interest credits for a partial contract year or biennial index term based on the date of death. GMDB Amount is available as a death benefit if greater than the Accumulation Value. If premiums are added or withdrawals are taken, the GMDB Amount can increase or decrease. The GMDB Amount will never exceed the maximum amount of 210% of premiums (excluding premium bonus). A 5% GMDB Bonus will be applied to the GMDB Amount on all premiums (excluding premium bonus) received in the first five contract years. In addition to the GMDB Bonus, a GMDB Stacking Roll-Up Credit may be added to the GMDB Amount until age 85. On contract anniversary, the current GMDB Amount may be increased by 3% of the GMDB Amount plus the dollar amount of any interest credited to the Accumulation Value during the preceding year.