Premier Protector Death Benefit (With Enhanced Surrender Value)

Available during accumulation phase. Upon the death of the owner, the benefit will be determined by the greater of two values: Additionally, 1.Highest Anniversary Value (HAV), increased by purchase payments, through age 85, or 2. 4% Roll-Up Value - Purchase payments compounded by 4% annually up to the contract anniversary on or following the 85th birthday. Additionally, the 4% increase value is calculated based on the initial purchase payments at contract issue, then increased by any subsequent purchase payments, compounded at 4% until the last increase date. Both the HAV and 4% increase value will continue to increase until the earliest of the following: 1) the death of the owner or annuitant, 2) the commencement of the Enhanced surrender value period, or 3) the last increase date occurring on or following the 85th birthday of the owner. This benefit comes up with an additional feature of enhanced surrender value (ESV) which equals to the contract value plus any additional amount needed to equal the death benefit. Such (ESV) feature is available only after the first contract year and only if the owner is diagnosed with a chronic or terminal illness (having 90 days elimination period) by a licensed healthcare practitioner after the first contract year. Upon activation of ESV, no further purchase payments or transfers are accepted, and the contract value is increased to the ESV value (if greater) which then transferred to the Fixed account and can be withdrawn without any deduction of applicable surrender charges.