Combination Enhanced Death Benefit III Option

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 payable as on the day of death; 2) total purchase payments adjusted for withdrawals; 3) highest contract value on any contract anniversary prior to annuitant's 81st birthday plus purchase payments received after that contract anniversary; or 4) 3% interest anniversary value. The total accumulated amount, after the withdrawal adjustment, shall not exceed 200% of purchase payments adjusted for amounts withdrawn. 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 = death benefit in case all purchase payments is less than or equal to $3 million. 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.