Asset Protection Death Benefit

Available during accumulation phase. Upon death of owner or annuitant benefit will be greatest of - 1) contract value, 2)contract value plus 25% of purchase payments adjusted for withdrawals excluding purchase payments made within 12 month of death or 3)contract value plus 25% of maximum anniversary value adjusted for withdrawals excluding purchase payments made within 12 month of death. The Death Benefit shall not exceed the greatest of the following: (1) the Contract Value; (2) the total Premium Payments, adjusted for any partial surrenders; or (3) the Maximum Anniversary Value. This DB is also called as Loss Protection DB. Asset Protection Death Benefit is Default DB.