Guaranteed Minimum Income Benefit

Benefit guarantees minimum level of future income regardless of investment performance of underlying investment options. Benefit base is equal to contract value at benefit date, thereafter, increased by purchase payments and reduced for withdrawal. Issuer will increased benefit base at 5% annually, until later of - 1) annuitant's 80th birthday, or 2) 7th anniversary of later of benefit date or recent step-up, increased by purchase payments and reduced for withdrawal. Benefit base may never be more than 200% of benefit base calculated at issue, or any step-up value, plus purchase payments made after waiting period adjusted for withdrawals. Withdrawals that are up to 5% of benefit base may reduce benefit base by dollar amount, withdrawals in excess of 5% of benefit base will reduce benefit base in same proportion. Owner may only elect from 1) Payments for Life with a Certain Period, or 2) Payments for Joint Lives with a Certain Period, annuity payment options upon election of this rider. Please see prospectus for details.