Guaranteed Minimum Income Benefit II - Custom Selection

Benefit guarantees minimum level of future income regardless of investment performance of underlying investment options. Benefit base will be greater of -1) Roll-up benefit base, or 2) Highest Anniversary Value benefit base. Highest Anniversary Value benefit base will depend on whether withdrawals are taken from contract. If no withdrawals have been taken, benefit base is greater of - 1) initial and subsequent purchase payment, or 2) highest account value on any contract anniversary until owner's 85th birthday. If withdrawals are taken from the contract, highest anniversary value benefit base will be reduced from the amount. At any time after a withdrawal, highest anniversary value benefit base is equal to the greater of - 1) highest anniversary value benefit base immediately following most recent withdrawal, or 2) highest account value on any contract anniversary after withdrawal and until owner's 85th birthday. Roll-up benefit base is equal to initial and subsequent purchase payment adjusted for excess withdrawal, plus Deferral bonus Roll-up amount or any Annual Roll-up amount minus a deduction that reflects any withdrawals up to Annual withdrawal amount. Deferral bonus Roll-up rate is 5% and is used to calculate amounts credited to Roll-up benefit base through end of the contract year that proceeds the contract year in which first withdrawal is made from the contract; and Annual Roll-up rate is 5% and is applicable after first withdrawal. Roll-up benefit base stops rolling up on contract anniversary following owner's 85th birthday. Issuer also provides Annual Withdrawal Amount beginning in 2nd contract year, and is equal to - 5% (Annual Roll-up rate), multiplied by Roll-up benefit base as of most recent contract anniversary. Any withdrawal during 1st contract year or in excess of AWA will reduce Roll-up benefit base on pro-rata basis. Owner may only elect from - 1) Life Annuity Fixed Payout Option, or 2) Life with a Period Certain Payout Option, annuity payment options upon election of this rider.