Enhanced Guaranteed Minimum Income Benefit

Benefit guarantees minimum level of future income regardless of investment performance of underlying investment options, depending upon selected annuity option Benefit base before owner's death or exercise of GPWB, if applicable is equal to either 1) 7% Annual Increase Amount (AIA), or 2) Maximum Anniversary Value (MAV). If MAV is greater than 7% AIA, benefit base is equal to MAV. If 7% AIA is greater than MAV, owner may decide whether to set benefit base equal to 7% AIA or MAV. 7% AIA is equal to initial purchase payment at issue, thereafter increased by purchase payments made and reduced by withdrawals, accumulated at 7% annually, prior to owner's 80th birthday. 7% AIA, can never be more than two times of purchase payments made during first five contract years and guaranteed fixed payout rates are lower and fewer available Annuity Options. MVA is equal to initial purchase payment at issue, thereafter increased by purchase payments made and reduced by withdrawals, MAV is set equal to highest contract value on any contract anniversary, prior to owner's 81st birthday. GMIB Payments are not available under partial annuitization.