GMIB Plus II

Benefit guarantees minimum level of future income regardless of investment performance of underlying investment options. Annuity payments equals greater of - 1) determined by GMIB Plus annuity table or 2) in accordance with base contract for same annuity option. Benefit base is greater of - 1) Highest anniversary value or 2) Annual Increase Amount. Highest anniversary value equals highest contract value on any contract anniversary prior to annuitant's 81st birthday less adjusted for withdrawals increased for purchase payments made. Annual increment amount equals initial purchase payment plus additional purchase payments increased for 5% annual increase rate prior to annuitant's 91st birthday adjusted for withdrawals. Annual increase amount, including step-up, can never be more than 270% of purchase payments and charges are reduced to 0.95% for contracts issued in the state of NY. Owner may elect either one time optional step-up or automatic annual step-up, to reset benefit base equal to contract value until age 80, automatic annual step-up will continue until 7th anniversary, owner may re-elect this option. Owner may only elect 1) Life annuity with 5 years of annuity payments guaranteed or 2) Joint and last survivor annuity with 5 years of annuity payments guaranteed, annuity payment options upon election of this rider. Under certain circumstances, Issuer will enhance GMIB purchase pay-out rates to equal or exceed 5.5% or 5% of Income base.