Standard Death Benefit

Standard death benefit ensures that upon your death, your beneficiary receives the highest of the following amounts: a) the contract value or b) the total of all purchase payments less withdrawals c) the greatest Contract Value at any Fifth Contract Anniversary plus any additional purchase payments paid, less any subsequent withdrawals. There is an Extended Legacy Program, offered by issuer, for beneficiaries to continue the contract after the death of the owner. The program is not available under rollover contracts and with any other than 5-year settlement option. Upon election, beneficiary may choose to receive the death benefit under either 1) a 5-year settlement option (starting from death of owner); or 2) in the form of withdrawals for a longer period of time. Issuer will charge the beneficiary an annual base contract expense of 1.15%. This charge is deducted daily from the average daily ending net asset value allocated to the Variable Portfolios. Guided Legacy Program Allows the Owner to specify how death benefits should be distributed to beneficiaries if the Owner dies during the Accumulation Phase. On the Owner's death, the death benefits will be distributed according to the specific option chosen by the Owner. Beneficiary cannot change the chosen option or receive a lump sum unless allowed by the Owner’s instructions.