Enhance Death benefit

The Enhanced Death Benefit offers two election options. If the annuitant’s age is between 0-75 at contract issue, the annuitant may elect either the Enhanced Death Benefit – Five Year or the Enhanced Death Benefit – One Year. If no election is made at contract issuance, the Enhanced Death Benefit – Five Year shall apply as the default. While the contract is in the accumulation phase, upon the death of the owner, the Death Benefit shall equal the greatest of: (i) the Fund Value; (ii) total Purchase Payments less any partial surrenders; or (iii) the Enhanced Death Benefit, reduced proportionately for any partial surrenders. Under the Five Year option, the Enhanced Death Benefit may increase on each fifth contract anniversary prior to the annuitant’s 71st birthday. Under the One Year option, the Enhanced Death Benefit may increase on each contract anniversary prior to the annuitant’s 80th birthday. The Enhanced Death Benefit shall not exceed two hundred percent (200%) of total Purchase Payments, adjusted for any partial surrenders.