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

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, We will recalculate the value of the death benefit proceeds under the provisions of Death Benefit Proceeds Prior To The Maturity Date below, by replacing all references to "Annuitant" with "owner." The value of the death benefit, as recalculated, will be paid in a single lump sum or by other election to the party taking proceeds under the current tax laws. DEATH BENEFIT PROCEEDS PRIOR TO THE MATURITY DATE If the Annuitant dies before the Maturity Date, the death benefit payable as of the Death Report Date will be the greater of a) or b) below, less any applicable premium tax or outstanding loan balance:

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, We will recalculate the value of the death benefit proceeds under the provisions of Death Benefit Proceeds Prior To The Maturity Date below, by replacing all references to "Annuitant" with "owner." The value of the death benefit, as recalculated, will be paid in a single lump sum or by other election to the party taking proceeds under the current tax laws. DEATH BENEFIT PROCEEDS PRIOR TO THE MATURITY DATE If the Annuitant dies IF THE ANNUITANT DIES BEFORE AGE 80 and before the Maturity Date, the death benefit payable as of the Death Report Date will be the greater greatest of a) ), b), c), or bd) below, less any applicable premium tax or outstanding loan balancetax:

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, We will recalculate the value of the death benefit proceeds under the provisions of Death Benefit Proceeds Prior To The Maturity Date below, by replacing all references to "Annuitant" with "owner." The value of the death benefit, as recalculated, will be paid in a single lump sum or by other election to the party taking proceeds under the current tax laws. DEATH BENEFIT PROCEEDS PRIOR TO THE MATURITY DATE If Upon the Annuitant dies before death of the Maturity DateAnnuitant, the death benefit payable as of the Death Report Date will be the greater greatest of a), b) or bc) below, less any applicable premium tax or outstanding loan balancetax:

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, We will recalculate the value of the death benefit proceeds under the provisions of Death Benefit Proceeds Prior To The Maturity Date below, by replacing all references to "Annuitant" with "owner." The value of the death benefit, as recalculated, will be paid in a single lump sum or by other election to the party taking proceeds under the current tax laws. DEATH BENEFIT PROCEEDS PRIOR TO THE MATURITY DATE If the Annuitant dies before the Maturity Date, the death benefit payable as of the Death Report Date will be the greater of a) or b) below, less any applicable premium tax or outstanding loan balancetax: