Maximum Quarterly Value death bene昀椀t With the Maximum Quarterly Value death bene昀椀t, the death bene昀椀t increases with the contract value and can be locked in each quarter. Once locked in, the amount never falls below the highest quarterly lock-in amount, even when the contract value decreases. Your bene昀椀ciaries will receive the greatest of the: • Contract value, or • Total investment in the variable annuity, less an adjustment for each prior withdrawal, or • Maximum quarterly value attained before your 83rd birthday or date of your passing, whichever is earlier, less an adjustment for each prior withdrawal. Even after contract value decreases, Q4 your bene昀椀ciaries receive the contract value as of the highest quarterly Q3 lock-in upon your death. Your bene昀椀ciaries receive Q2 the total investment in the variable annuity upon Q2 your death. Q1 Contract value 1 2 3 4 5 6 7 8 9 Contract anniversary Lock-in opportunity Death bene昀椀t Total investment This chart is hypothetical and is intended solely to demonstrate how the Maximum Quarterly Value death bene昀椀t works and assumes one single investment and no withdrawals. It is not indicative of the performance of any variable annuity investment option, does not re昀氀ect any actual account values, prior withdrawals nor any fees associated with Protective's variable annuities. Your death bene昀椀t option must be selected when you apply for your contract and it cannot be changed after your contract is issued. Things to note about variable annuity death bene昀椀ts It’s important to know that withdrawals taken from your variable annuity impact the death bene昀椀t amount. When a withdrawal is made, an adjustment is made to the death bene昀椀t in the same proportion to the amount withdrawn, including any associated surrender charges, reducing the contract value. Your death bene昀椀t option must be selected when you apply for your contract and it cannot be changed after your contract is issued. 4