The Flexible Payment Longevity Annuity also provides you with the option of adding a Return of Purchase Payments Death Benefit. The benefit provides you with the ability to leave something behind in the event of your death, although it will reduce your monthly annuity payments. If you die before annuity payments have begun, your beneficiary will receive an amount equal to the purchase payments paid in one lump sum. If, on the other hand, you die after annuity payments have begun, your beneficiary will continue to receive the same monthly annuity income payment until the total payout is equal to the purchase payments, minus the annuity payments received before your death. If the Return of Premium Death Benefit Option is not added, there will be no benefit payable to a beneficiary upon your death.