IPR Death Benefit

For policies with an IPR Guarantee Percentage of 100% or less, if the Owner dies before or on the Holding Period End Date and the spouse doesn’t continue the policy, the IPR Death Benefit is the greatest of: 1)The Standard Death Benefit, 2)Any rider death benefit, or 3) The IPR Guaranteed Amount. If the Owner dies after the Holding Period End Date and the spouse doesn’t continue the policy, the IPR Death Benefit is the greatest of: 1) The Standard Death Benefit, 2) Any rider death benefit, or 3) The IPR Guaranteed Amount as of the Holding Period End Date, adjusted for post-period premiums and withdrawals (excluding advisory fee). If the IPR Guarantee Percentage on your policy is 101% or higher and the Owner passes away without the spouse continuing the policy, the death benefit will be the highest of the following three amounts: 1)The standard death benefit under your policy, 2)Any death benefit provided by other attached riders, or 3)The IPR Death Benefit, determined as follows: A)If the Owner dies within the final 2 years of the rider Holding Period: The IPR Death Benefit will equal the Guaranteed Amount, B)If the Owner dies before the final 2 years of the rider Holding Period: The IPR Death Benefit will be a portion of the Guaranteed Amount, calculated by dividing the Guaranteed Amount by the IPR Guarantee Percentage, C)If the Owner dies after the Holding Period End Date: The IPR Death Benefit will be the Guaranteed Amount as of the Holding Period End Date, plus any premiums paid after that date, and reduced proportionally for any withdrawals taken after that date(excluding withdrawals used to pay Advisory Fees). Available in all states except in New York.