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. On each Index Anniversary before the end date, 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 process all daily transactions including Credits, any additional Purchase Payments or withdrawals, and amounts withdraw for Contract expenses. Rider locks in any annual index anniversary investment gain to potentially provide an increased death benefit. 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. Election of the Maximum Anniversary Value Death Benefit shall replace the Traditional Death Benefit. Eligibility is limited to Contract Owners age 49 or older in Maryland.