Basic Death Benefit

Available during accumulation phase. Upon death of owner or annuitant, if owner's age at death is 84 years or less (For Non-NY), benefit will be greater of - 1) total purchase payments increasing daily at the rate of 5% per year less sum of all withdrawals increasing daily at the rate of 5% , up to the death of owner, but not more then 200% of the difference between sum of all purchase payment and sum of all withdrawals on owner's death ; or surrender value, if owner's age at death is 85 years or more. For NY if owner's age at death is 84 years or less, benefit will be greater of - 1)Contract value 2 ) Purchase payment adjusted for withdrawals 3)5 year Highest anniversary value or Contract value if owner's age at death is 85 years or more.