Common use of DEATH OF OWNER WITH ANNUITANT SURVIVING Clause in Contracts

DEATH OF OWNER WITH ANNUITANT SURVIVING. If the owner dies (including the first of joint owners) before the Maturity Date and with the Annuitant surviving, we will recalculate the value of the contract under provisions of DEATH PROCEEDS PRIOR TO THE MATURITY DATE below. The value of the contract, as recalculated, will be paid in a single lump sum or by other election to the party taking proceeds under the current Tax Law Qualification Rider. The party must take distributions no later than under the applicable elections of that provision. All references to age in the DEATH PROCEEDS PRIOR TO MATURITY DATE provision will be based on the owner's age rather than the Annuitant's age. DEATH PROCEEDS PRIOR TO THE MATURITY DATE If the Annuitant dies before age 75 and before the Maturity Date, we will pay the Beneficiary the greater of a), b), or c) below, less any applicable premium tax or prior surrenders not previously deducted as of the Death Report Date:

DEATH OF OWNER WITH ANNUITANT SURVIVING. If the owner is not the Annuitant, and the owner dies (including the first of joint owners) before the Maturity Date and with the Annuitant surviving, we We will recalculate the value of the contract death benefit under the provisions of DEATH PROCEEDS PRIOR TO THE MATURITY DATE Death Proceeds Prior To The Maturity Date below. The value of the contractdeath benefit, as recalculated, will be paid in a single lump sum or by other election to the party taking proceeds under the current Tax Law Qualification Ridertax laws. The party must take distributions no later than under the applicable elections of that provision. All references to age Annuitant in the DEATH PROCEEDS PRIOR TO MATURITY DATE Death Proceeds Prior to Maturity Date provision will be based on replaced with reference to the owner's age rather than the Annuitant's age. DEATH PROCEEDS PRIOR TO THE MATURITY DATE If the Annuitant dies before is younger than age 75 and before 76 on the Maturity Contract Date, we the death benefit payable as of the Death Report Date will pay be the Beneficiary the greater greatest of a), b), ) or c) below, less any applicable premium tax or prior surrenders not previously deducted as of the Death Report Dateand outstanding loans: