Living Guarantees - 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 prior to owner's death is equal to greater of - 1) total purchase payments adjusted for withdrawal, or 2) Maximum Anniversary Value (MAV). MVA at issue is equal to initial purchase payment, 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.