EarningsMax Death Benefit

Available during accumulation and income phase. During accumulation phase, death benefit is paid upon death of owner. Death benefit amount payable upon death is increased by 40% of earnings for the owner aged between 0 to 69, at the time of contract issue (25% if owner issue ages between 70 to 75). Earnings is amount by which sum of the contract value, exceeds remaining purchase payments. If total purchase payments adjusted for withdrawals exceeds the contract value or if there are no earnings in the contract, no earnings protection benefit will be paid. Earning can never be more than 250% of premiums, in a contract year, earnings are being calculated. During income phase, death benefit is paid upon death of the annuitant, and that amount will be equal to the Earning Protection Benefit on the Latest Income Date.