Common use of The Death Benefit Clause in Contracts

The Death Benefit. The Death Benefit is payable to the Beneficiary as determined under Section 3.4 if the Annuitant dies (1) before the Annuity Commencement Date and before the Contract enters the Lifetime Automatic Periodic Benefit Status or (2) while the Payments for Life with Surrender Right and Death Benefit Annuity Plan is in effect and before the Contract enters Lifetime Automatic Periodic Benefit Status. Only one Death Benefit is payable under this Contract. If there are multiple Beneficiaries, the Death Benefit will be paid in equal shares to all primary Beneficiaries unless you previously provided Notice to Us directing otherwise. The Death Benefit will be the Accumulation Value and will be determined as of the date we receive Proof of Death. If we receive Proof of Death and all required claim forms on the same date, the Death Benefit will be paid on that date. This paragraph applies if the Payments for Life with Surrender Right and Death Benefit Annuity Plan is not in effect at the time the Death Benefit becomes payable. If the Death Benefit becomes payable, it may be received in a single lump sum or applied to any Annuity Plan described in Section 6.4 except the Payments for Life with Surrender Right and Death Benefit Annuity Plan, subject to the requirements of and time limits prescribed by Section 72(s) of the Code and the provisions of this Section 6.3 relating to spousal Beneficiaries and non-spousal Beneficiaries. If the Death Benefit is applied to an Annuity Plan, the Beneficiary is deemed to be the Annuitant. If the Payments for Life with Surrender Right and Death Benefit Annuity Plan is in effect at the time the Death Benefit becomes payable, you may receive the Death Benefit as described under that Annuity Plan in Section 6.4. Except in the case of spousal continuation where a Joint and Survivor MGWB has been elected, the death of the Annuitant will terminate the Minimum Guaranteed Withdrawal Benefit and, upon payment of the Death Benefit, the Contract. In the case of spousal continuation where a Joint and Survivor MGWB has been elected, the death of both the Annuitant and the Annuitant’s spouse, will terminate the Minimum Guaranteed Withdrawal Benefit and, upon payment of the Death Benefit, the Contract. Upon Proof of Death, any charges for the Minimum Guaranteed Withdrawal Benefit which are due but unpaid for any period of time the Minimum Guaranteed Withdrawal Benefit was active and in force prior to the date of death will be deducted or any charges for the Minimum Guaranteed Withdrawal Benefit that have been deducted for any period of time after the date of death will be refunded. If the Contract is in the Lifetime Automatic Periodic Benefit Status at the time of the Annuitant’s death, or in the case of a Joint and Survivor MGWB the later of the Annuitant’s or the Annuitant’s spouse’s death, the Minimum Guaranteed Withdrawal Benefit and the Contract will terminate. ICC12 IL-IA-4030

The Death Benefit. The Death Benefit is payable to the Beneficiary as determined under Section 3.4 if the Annuitant dies (1) before the Annuity Commencement Date and before the Contract enters the Lifetime Automatic Periodic Benefit Status or (2) while the Payments for Life with Surrender Right and Death Benefit Annuity Plan is in effect and before the Contract enters Lifetime Automatic Periodic Benefit Status. Only one Death Benefit is payable under this Contract. If there are multiple Beneficiaries, the Death Benefit will be paid in equal shares to all primary Beneficiaries unless you previously provided Notice to Us directing otherwise. The Death Benefit will be the Accumulation Value and will be determined as of the date we receive Proof of Death. If we receive Proof of Death and all required claim forms on the same date, the Death Benefit will be paid on that date. This paragraph applies if the Payments for Life with Surrender Right and Death Benefit Annuity Plan is not in effect at the time the Death Benefit becomes payable. If the Death Benefit becomes payable, it may be received in a single lump sum or applied to any Annuity Plan described in Section 6.4 except the Payments for Life with Surrender Right and Death Benefit Annuity Plan, subject to the requirements of and time limits prescribed by Section 72(s) of the Code and the provisions of this Section 6.3 relating to spousal Beneficiaries and non-spousal Beneficiaries. If the Death Benefit is applied to an Annuity Plan, the Beneficiary is deemed to be the Annuitant. If the Payments for Life with Surrender Right and Death Benefit Annuity Plan is in effect at the time the Death Benefit becomes payable, you may receive the Death Benefit as described under that Annuity Plan in Section 6.4. Except in the case of spousal continuation where a Joint and Survivor MGWB has been elected, the death of the Annuitant will terminate the Minimum Guaranteed Withdrawal Benefit and, upon payment of the Death Benefit, the Contract. In the case of spousal continuation where a Joint and Survivor MGWB has been elected, the death of both the Annuitant and the Annuitant’s spouse, will terminate the Minimum Guaranteed Withdrawal Benefit and, upon payment of the Death Benefit, the Contract. Upon Proof of Death, any charges for the Minimum Guaranteed Withdrawal Benefit which are due but unpaid for any period of time the Minimum Guaranteed Withdrawal Benefit was active and in force prior to the date of death will be deducted or any charges for the Minimum Guaranteed Withdrawal Benefit that have been deducted for any period of time after the date of death will be refunded. If the Contract is in the Lifetime Automatic Periodic Benefit Status at the time of the Annuitant’s death, or in the case of a Joint and Survivor MGWB the later of the Annuitant’s or the Annuitant’s spouse’s death, the Minimum Guaranteed Withdrawal Benefit and the Contract will terminate. ICC12 IL-IA-4030IA-4030 Spousal Beneficiaries - Continuation In the case of a single life MGWB, if the Annuitant’s death occurs before the Annuity Commencement Date and the Contract is not in Lifetime Automatic Periodic Benefit Status and the sole primary Beneficiary is the deceased Annuitant’s “spouse” (as defined by federal law), upon Notice to Us from your surviving spouse, in lieu of receiving the Death Benefit, the Contract may be continued with the surviving spouse as the new Owner, pursuant to Section 72(s) of the Code and the following will apply:

The Death Benefit. The Death Benefit is payable to the Beneficiary as determined under Section 3.4 if the Annuitant dies (1) before the Annuity Commencement Date and before the Contract enters the Lifetime Automatic Periodic Benefit Status or (2) while the Payments for Life with Surrender Right and Death Benefit Annuity Plan is in effect and before the Contract enters Lifetime Automatic Periodic Benefit Status. Only one Death Benefit is payable under this Contract. If there are multiple Beneficiaries, the Death Benefit will be paid in equal shares to all primary Beneficiaries unless you previously provided Notice to Us directing otherwise. The Death Benefit will be the Accumulation Value and will be determined as of the date we receive Proof of Death. If we receive Proof of Death and all required claim forms on the same date, the Death Benefit will be paid on that date. This paragraph applies if the Payments for Life with Surrender Right and Death Benefit Annuity Plan is not in effect at the time the Death Benefit becomes payable. If the Death Benefit becomes payable, it may be received in a single lump sum or applied to any Annuity Plan described in Section 6.4 except the Payments for Life with Surrender Right and Death Benefit Annuity Plan, subject to the requirements of and time limits prescribed by Section 72(s) of the Code and the provisions of this Section 6.3 relating to spousal Beneficiaries and non-spousal Beneficiaries. If the Death Benefit is applied to an Annuity Plan, the Beneficiary is deemed to be the Annuitant. If the Payments for Life with Surrender Right and Death Benefit Annuity Plan is in effect at the time the Death Benefit becomes payable, you may receive the Death Benefit as described under that Annuity Plan in Section 6.4. Except in the case of spousal continuation where a Joint and Survivor MGWB has been elected, the death of the Annuitant will terminate the Minimum Guaranteed Withdrawal Benefit and, upon payment of the Death Benefit, the Contract. In the case of spousal continuation where a Joint and Survivor MGWB has been elected, the death of both the Annuitant and the Annuitant’s spouse, will terminate the Minimum Guaranteed Withdrawal Benefit and, upon payment of the Death Benefit, the Contract. Upon Proof of Death, any charges for the Minimum Guaranteed Withdrawal Benefit which are due but unpaid for any period of time the Minimum Guaranteed Withdrawal Benefit was active and in force prior to the date of death will be deducted or any charges for the Minimum Guaranteed Withdrawal Benefit that have been deducted for any period of time after the date of death will be refunded. If the Contract is in the Lifetime Automatic Periodic Benefit Status at the time of the Annuitant’s death, or in the case of a Joint and Survivor MGWB the later of the Annuitant’s or the Annuitant’s spouse’s death, the Minimum Guaranteed Withdrawal Benefit and the Contract will terminate. ICC12 IL-IA-4030IA-4030 18 Spousal Beneficiaries - Continuation In the case of a single life MGWB, if the Annuitant’s death occurs before the Annuity Commencement Date and the Contract is not in Lifetime Automatic Periodic Benefit Status and the sole primary Beneficiary is the deceased Xxxxxxxxx’s “spouse” (as defined by federal law), upon Notice to Us from your surviving spouse, in lieu of receiving the Death Benefit, the Contract may be continued with the surviving spouse as the new Owner, pursuant to Section 72(s) of the Code and the following will apply:

The Death Benefit. The Death Benefit is payable to the Beneficiary as determined under Section 3.4 if any Owner (or, if the Annuitant Owner is not a natural person, the Annuitant) dies (1) before the Annuity Commencement Date and before the Contract enters the Lifetime Automatic Periodic Benefit Status or (2) while the Payments for Life with a Surrender Right and Death Benefit Annuity Plan is in effect and before the Contract enters Lifetime Automatic Periodic Benefit Status. Only one Death Benefit is payable under this Contract. If there are multiple Beneficiaries, the Death Benefit will be paid in equal shares to all primary Beneficiaries unless you previously provided Notice to Us directing otherwise. The Death Benefit will be the Accumulation Value and will be determined as of the date we receive Proof of Death. If we receive Proof of Death and all required claim forms on the same date, the Death Benefit will be paid on that date. This paragraph applies if the Payments for Life with a Surrender Right and Death Benefit Annuity Plan is not in effect at the time the Death Benefit becomes payable. If the Death Benefit becomes payable, it may be received in a single lump sum or applied to any Annuity Plan described in Section 6.4 except the Payments for Life with a Surrender Right and Death Benefit Annuity Plan, subject to the requirements of and time limits prescribed by Section 72(s) of the Code and the provisions of this Section 6.3 relating to spousal Beneficiaries and non-spousal Beneficiaries. If the Death Benefit is applied to an Annuity Plan, the Beneficiary is deemed to be the Annuitant. If the Payments for Life with a Surrender Right and Death Benefit Annuity Plan is in effect at the time the Death Benefit becomes payable, you may receive the Death Benefit as described under that Annuity Plan in Section 6.4. Except in the case of spousal continuation where a Joint and Survivor MGWB has been electedas otherwise stated below, the death of the Annuitant will terminate first Owner or, if the Minimum Guaranteed Withdrawal Benefit and, upon payment of the Death BenefitOwner is not a natural person, the Contract. In the case of spousal continuation where a Joint and Survivor MGWB has been elected, the death of both the Annuitant and the Annuitant’s spouse, will terminate the Minimum Guaranteed Withdrawal Benefit and, upon payment of the Death Benefit, the Contract. Upon Proof of Death, any charges for the Minimum Guaranteed Withdrawal Benefit which are due but unpaid for any period of time the Minimum Guaranteed Withdrawal Benefit was active and in force prior to the date of death will be deducted or any charges for the Minimum Guaranteed Withdrawal Benefit that have been deducted for any period of time after the date of death will be refunded. If the Contract is in the Lifetime Automatic Periodic Benefit Status at the time of any Owner’s death and such Owner was not also the Annuitant’s death, or in MGWB Periodic Payments will continue until the case of a Joint and Survivor MGWB the later death of the Annuitant. If the Contract is in the Lifetime Automatic Periodic Benefit Status at the time of the Owner’s or death and such Owner was also the Annuitant’s spouse’s death, the Minimum Guaranteed Withdrawal Benefit and the Contract will terminate. ICC12 IL-IA-4030.