Maximum Anniversary Value Death Benefit

Available during accumulation phase. Upon death of owner, benefit will be greatest of - 1) contract value, less any purchase payment credits applied within 12 months of the date of death, less any applicable rider charges; 2) purchase payments minus adjusted partial surrenders; or 3) maximum anniversary value as calculated on the most recent contract anniversary plus subsequent purchase payments made to the contract minus adjustments for partial surrenders since that contract anniversary. On each contract anniversary Maximum Anniversary Value is equal to highest contract value calculated at any contract anniversary, prior to owner's age 81.