PRIME PLUS BENEFIT

The PB Value under the Prime Plus Benefit for contracts is calculated differently based on various factors. Before the Owner's death or exercise of the GPWB, the PB Value is the greater of either the 7% AIA, the MAV or the contract value. Once the GPWB is exercised with the 5% payment option, the PB Value is the greater of the MAV, the 7% AIA or the contract value. If the 10% payment option is chosen under the GPWB, the PB Value is greater of MAV or the contract value. If the GMIB is exercised, the PB Value is equal to the MAV, but if the 7% AIA exceeds the MAV, the PB Value can be set to either the MAV or the 7% AIA. The 7% AIA has a cap, limiting the increase to two times the initial Purchase Payment in the first five Contract Years. From the 5th Contract Anniversary onward, the 7% AIA cap is based on two times the Contract Value on the reset date. If withdrawals or Partial Annuitizations occur, both the MAV and 7% AIA decrease proportionately. Step-ups under the GPWB with the 5% option automatically increase the PB Value to the Contract Value every third Contract Anniversary until the older Owner's 91st birthday, and the GPWB Maximum will also step up. However, step-ups are not available with the 10% payment option. The 5% option also includes an automatic step-up feature. The 7% AIA increase by 7% happens each year for the first five anniversaries, with the increase based on the preceding Business Day's value. If the PB Value is reset, it could affect the M&E charge and the accumulation units in the contract. Additionally, the 7% AIA can be reset to the Contract Value before the older Owner's 80th birthday. GPWB value allows for annual withdrawals of up to 10% over a 10-year period, or up to 5% over a 20-year period. Only one of 5% or 10 % can be selected and cannot be changed in future. AIP, systematic withdrawal and minimum distribution program will not be available with GPWB.