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 issue, Issuer will step-up income benefit to later of - 1) 7th rider anniversary, 2) annuitant's 80th birthday, or 3) recent step-up. Benefit base increases daily by annual growth rate of 5%, until later of - 1) annuitant's 80th birthday, or 2) 7th anniversary of later of GMIB benefit date or most recent step-up date. Subsequent purchase payments will increase benefit base by dollar amount and will apply 5% annual growth rate on new amount. Benefit base can never be more than 200% of benefit base established initially or step up value, upon step-up new maximum benefit base will be reset to equal to 200% of sum of benefit base as of step-up date increased by purchase payments made and reduced for withdrawals after step-up date. Withdrawals up to 5% of benefit base will reduce benefit base by dollar amount, withdrawals in any contract year in excess of 5% of benefit base will reduce benefit base in same proportion. If withdrawals are taken after annuitant reaches maximum age benefit base and maximum benefit base will reduce 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.