Living Guarantees - Guaranteed Principal Value Benefit

Benefit protects from poor investment performance during accumulation phase. Initial benefit base is equal to initial purchase payment increased by purchase payments made within 90 days from contract issue, thereafter, increase by purchase payments made and reduced for withdrawals. Benefit guarantees that beginning on 5th contract anniversary and on each subsequent contract anniversary until earlier of - 1) Income Date, or 2) termination of contract, contract value will at least equal benefit base established before 5 years, reduced by withdrawals taken in last 5 years. If contract value is less than benefit base on 5th and each subsequent contract anniversary, Issuer will apply additional amount to increase contract value equal to benefit base. Subsequent purchase payments will immediately increase contract value, but does not become part of benefit base until it is at least five years old.