Common use of DEATH BENEFIT IF ANNUITANT IS AN OWNER Clause in Contracts

DEATH BENEFIT IF ANNUITANT IS AN OWNER. If the Annuitant is an Owner, the beneficiary becomes entitled to the Death Benefit upon receipt at the Home Office of satisfactory proof of the death of the Annuitant before the Maturity Date. The Death Benefit will be the Accumulation Value of the contract determined on the effective date. The effective date is the date on which proof of death is received at the Home Office. However, the effective date will be the next following Valuation Date if the proof of death is received at the Home Office on a Valuation Date after the close of trading on the New York Stock Exchange. If the beneficiary becomes entitled to the Death Benefit due to the death of the Primary Annuitant prior to the Primary Annuitant’s 75th birthday, the Death Benefit will not be less than: • total Purchase Payments paid under the contract; less • an adjustment for every withdrawal made under Section 4.5. The adjustment for each withdrawal equals (a) times (b), where:

DEATH BENEFIT IF ANNUITANT IS AN OWNER. If the Annuitant is an Owner, the beneficiary Beneficiary becomes entitled to the Death Benefit death benefit upon receipt at the Home Office of satisfactory proof of the death of the Annuitant before the Maturity Date. The Death Benefit death benefit will be the Accumulation Value of the contract Contract determined on the effective date. The effective date is the date on which proof of death is received at the Home Office. However, the effective date will be the next following Valuation Date if the proof of death is received at the Home Office on a Valuation Date after the close of trading on the New York Stock Exchange. If the beneficiary Beneficiary becomes entitled to the Death Benefit death benefit due to the death of the Primary Annuitant prior to the Primary Annuitant’s 75th birthday, the Death Benefit death benefit will not be less than: • total Purchase Payments paid under the contractContract; less • an adjustment for every withdrawal made under Section 4.5. The adjustment for each withdrawal equals (a) times (b), where:

DEATH BENEFIT IF ANNUITANT IS AN OWNER. If the Annuitant is an Owner, the beneficiary becomes entitled to the Death Benefit upon receipt at the Home Office of satisfactory proof of the death of the Annuitant before the Maturity Date. The Death Benefit will be the Accumulation Value of the contract Contract determined on the effective date. The effective date is the date on which proof of death is received at the Home Office. However, the effective date will be the next following Valuation Date if the proof of death is received at the Home Office on a Valuation Date after the close of trading on the New York Stock Exchange. If the beneficiary becomes entitled to the Death Benefit due to the death of the Primary Annuitant prior to the Primary Annuitant’s 75th birthday, the Death Benefit will not be less than: • total Purchase Payments paid under the contractContract; less • an adjustment for every withdrawal made under Section 4.5. The adjustment for each withdrawal equals (a) times (b), where: