i4LIFE Advantage Guaranteed Income Benefit (Version 3)

Benefit is only available in conjunction with i4LIFE Advantage. Benefit guarantees minimum level of future income regardless of investment performance of underlying investment options. After Access Period, remaining contract value will applied to continue regular income payments for life of annuitant and contract value will be reduced to zero. Guaranteed Income Benefit initially equals to 75% of regular income payment. Initial regular income payment is determined on periodic income commencement date by dividing contract value or purchase payment if elected at contract issue, by 1000 and multiplying by an annuity factor. Annuity factor is based upon - 1) age and sex of annuitant, 2) Access Period elected, 3) frequency of regular income payments, 4) AIR elected and 5) Individual Annuity Mortality table specified in contract. If benefit is elected, certain restrictions will apply - 1) 4% AIR will be used to calculate regular income payments, 2) minimum Access Period required is longer of 15 years or difference between age and age 85 and 3) maximum Access Period available is to age 115 for NQ, to age 100 for QP contracts.