Guaranteed Minimum Income Benefit

Benefit guarantees minimum level of future income regardless of investment performance of underlying investment options. Annuity payments equals greater of - 1) determined by Guaranteed Minimum Income Benefit or 2) in accordance with base contract for same annuity option. Benefit base is greater of - 1) 6% Roll-up to Age 85 or 2) Annual Ratchet to Age 85. 6% Roll-up to Age 85 equals - 1) initial purchase payment and any subsequent purchase payment made plus 2) daily roll-up adjusted for withdrawals, prior to annuitant's 86th birthday. Effective annual roll-up rate credited to benefit base is 6% of variable account value (3% for some selected sub-accounts and fixed account value). Annual Ratchet to Age 85 equal to greater of - 1) total purchase payments or 2) highest contract value on any contract anniversary, prior to annuitant's 86th birthday adjusted for withdrawals added to any purchase payments made. Owner may elect from 1) life annuity fixed payout option or 2) life with a period certain payout option or other forms of payout options available under this contract. Maximum period certain available under life with a period certain payout option is 10 years, this period may be shorter, depending on annuitant's age.