MAV/EPB Death Benefit
Available during accumulation phase. Upon death of owner or annuitant, if the rider is elected with the Asset Protection Death Benefit, the Death Benefit will be the greatest of: (1) the Asset Protection Death Benefit; (2) the total Premium Payments made, adjusted for any partial surrenders; (3) the Maximum Anniversary Value; or (4) the Earnings Protection Benefit. If elected with the Premium Protection Death Benefit, the Death Benefit will be the greatest of: (1) the Premium Protection Death Benefit; (2) the Maximum Anniversary Value; or (3) the Earnings Protection Benefit. The Earnings Protection Benefit equals the Contract Value on the date due proof of death is received, plus 40% of the Contract gain if the oldest individual is age 69 or under, and 25% if the oldest is between age 70 to 75. for states of ny and wa Upon death of owner or annuitant, if the rider is elected with the Asset Protection Death Benefit, the Death Benefit will be the greatest of: (1) the Asset Protection Death Benefit; (2) the total Premium Payments made, adjusted for any partial surrenders; or (3) the Maximum Anniversary Value; . If elected with the Premium Protection Death Benefit, the Death Benefit will be the greatest of: (1) the Premium Protection Death Benefit; or (2) the Maximum Anniversary Value. The MAV/EPB Death Benefit is not available for Contracts issued in New York, Minnesota or Washington.