Basic Death Benefit

Available during the accumulation phase, Upon the death of any owner during the accumulation phase, the Death Benefit will be payable to the beneficiary if Death Prior to the Annuity Date. Upon the death of the annuitant, the oldest owner will automatically become the annuitant. If the owner is a non-natural person, the death of the annuitant will be treated as the death of the owner, and the Death Benefit will become payable if Death Prior to the Annuity Date. Annuity payments will continue according to the Annuity Option selected if the death of owner or annuitant after annuity date. Death benefit does not guarantee purchase payments.