Highest Anniversary Value Death Benefit with Spousal Protection

Available during accumulation phase. Upon death of annuitant prior to annuitization date and the total of all purchase payments is less than or equal to $3 million, the death benefit will be greatest of - 1) contract value; 2) total purchase payments adjusted for withdrawals; or 3) highest contract value on any contract anniversary prior to annuitant's 86th birthday adjusted for withdrawals and subsequent payments. Upon death of annuitant prior to annuitization date and the total of all purchase payments is greater than $3 million, the death benefit will be (A*F)+B(1-F), where A = greatest of 1) contract value payable as on the day of death; 2) total purchase payments adjusted for withdrawals; or 3) highest contract value on any contract anniversary prior to annuitant's 86th birthday, plus purchase payments received after that contract anniversary. B = contract value payable as on the day of death and F = the ration of $3 million to the total purchase payments made to the contract.