Common use of Annuity Unit Value Clause in Contracts

Annuity Unit Value. The Annuity Unit Value for each Subaccount was first set by SBL. The Annuity Unit Value for any subsequent Valuation Date is equal to (a) times (b) times (c), where: is the Annuity Unit Value on the immediately preceding Valuation Date; is the Net Investment Factor for the day; is a factor used to adjust for the Assumed Interest Rate set forth on page 3 which is used to determine Variable Annuity Payment amounts. ALTERNATE ANNUITY OPTION RATES SBL may, at the time of election of an Annuity Option, offer more favorable rates in lieu of the guaranteed rates shown in the Annuity Tables. A BRIEF DESCRIPTION OF THIS CONTRACT This is a FLEXIBLE PREMIUM DEFERRED VARIABLE ANNUITY CONTRACT. Investment Experience is Reflected in Benefits Variable and Fixed Accumulation Before the Annuity Start Date; Variable and Fixed Annuity Payments Thereafter Death Benefit Proceeds are Payable Before the Annuity Start Date This Contract is Non-Participating Benefits and values provided by this Contract may be on a variable basis. Amounts directed into one or more of the Subaccounts will reflect the investment experience of those Subaccounts. These amounts may increase or decrease and are not guaranteed as to dollar amount. (See "Contract Value and Expense Provisions" and "Annuity Payment Provisions" for details.)