Maximum Anniversary Value Death Benefit

Available during accumulation phase. Upon death of owner, benefit will be greatest of - 1) contract value; 2) return of purchase payments value; 3) maximum anniversary value; or 4) surrender value. Return of Purchase Payments Value is equal to initial purchase payments, increased by subsequent purchase payments and reduced for withdrawals. Maximum Anniversary Value, at issue equal to initial purchase payment, thereafter, increased by additional purchase payments made and reduced by withdrawals. On each contract anniversary Maximum Anniversary Value is equal to highest contract value calculated at any contract anniversary, prior to owner's age 81.