Basic Death benefit

Available during the accumulation phase, upon the death of owner or annuitant, the death benefit will be equal to the greater of 1) cash surrender value; or 2) balanced allocation value. Cash surrender value is the greatest of a) accumulation value, plus interest on any remaining free withdrawal amount reduced by applicable withdrawal charges; b) minimum guaranteed contract value; or c) is 0 until the end of the 12th contract year and the return of premium guarantee amount thereafter. Balanced allocation value is greater of a) the accumulation value x (1 + balanced allocation factor, which equals to the interest earning factor); or b) return of premium guarantee amount.