Basic Death Benefit

Available during accumulation phase. Upon death of owner and annuitant, benefit will be greater of - 1) account value;(2) Total Purchase payment adjusted for withdrawals; (3) the greatest of the Contract Fund values calculated on every third Contract anniversary reduced by all subsequent withdrawals and withdrawal charges. If Annuitant dies on or after age 80, the Beneficiary will receive the greater of:1) the current contract value as of the date that due proof of death is received,2) the Guaranteed Minimum Death Benefit as of age 80, increased by additional purchase payments, and reduced proportionally by withdrawals. For this purpose, an annuitant deemed to reach age 80 on the contract anniversary on or annuitants 80th birthday.