Common use of BENEFIT REINSURED Clause in Contracts

BENEFIT REINSURED. Enhanced Death Benefit-Earnings Enhancement Rider (EDB-EE Basic) -- For Issue Ages 0-80 The EDB-EE Basic benefit is the maximum of the following: - Contract value plus 40% of the Gain for Issue Ages 0-69 and 25% for Issue Ages 70-80 - Net considerations (Initial Premiums reduced dollar-for-dollar on withdrawals); - A GMDB equal to a Maximum Anniversary Value (MAV) calculated on the contract anniversary prior to the deceased's 81st birthday (additional premiums and withdrawals are treated on a dollar-for-dollar basis); GMDB frozen thereafter Note:

BENEFIT REINSURED. Enhanced Death Benefit-Earnings Enhancement Rider (EDB-EE EE. Basic) -- --- For Issue Ages 0-80 The EDB-EE Basic benefit is the maximum of the following: - Contract value plus 40% of the Gain for Issue Ages 0-69 and 25% for Issue Ages 70-80 - Net considerations (Initial Premiums reduced dollar-for-dollar on withdrawals); - A GMDB equal to a Maximum Anniversary Value (MAV) calculated on the contract anniversary prior to the deceased's 81st birthday (additional premiums and withdrawals are treated on a dollar-for-dollar basis); GMDB frozen thereafter Notethereafter. The Gain is defined as follows as the lesser of 1 or 2: