Common use of FIXED PAYMENT OPTION Clause in Contracts

FIXED PAYMENT OPTION. This option provides for Annuity Payments of a fixed amount selected by the Owner. This amount is paid until Account Value is exhausted. If the Account Value is held in the Fixed Account, then the number of Annuity Payments will vary as a result of the interest rate (as adjusted periodically) credited on Fixed Account Value. This rate is guaranteed to be no less than the Guaranteed Rate set forth on page 3. If the Account Value is held in the Separate Account, then the number of Annuity Payments will vary as a result of the investment performance of the Subaccounts chosen. If the Annuitant dies before receiving all of the Annuity Payments, any remaining Annuity Payments will be made to the Designated Beneficiary. This Option is available only for Nonqualified Contracts. OPTION 7 AGE RECALCULATION OPTION: This option provides for Annuity Payments based upon the Annuitant's life expectancy, or the joint life expectancy of the Annuitant and a beneficiary, at the Annuitant's attained age (and the Annuitant's beneficiary's attained or adjusted age, if applicable) each year. The Annuity Payments are computed by reference to actuarial tables prescribed by the Treasury Secretary and in accordance with Section 401(a)(9) of the Internal Revenue Code and rules and regulations thereunder. Annuity Payments are made until Account Value is exhausted. If the Account Value is held in the Fixed Account, then the amount of the Annuity Payments will vary as a result of the interest rate (as adjusted periodically) credited on Fixed Account Value. This rate is guaranteed to be not less than the Guaranteed Rate set forth on page 3. If the Account Value is held in the Separate Account, then the amount of the Annuity Payments will vary as a result of the investment performance of the Subaccounts chosen. If the Annuitant dies before receiving the remaining Annuity Payments, Account Value will be paid to the Designated Beneficiary. OPTION 8

FIXED PAYMENT OPTION. This option provides for Annuity Payments of a fixed amount selected by the Ownerpayment amount. This amount is paid until Account Value the amount applied, including daily interest adjustments, is exhaustedpaid. If the Account Contract Value is held in the Fixed Account, then the number of Annuity Payments payments will vary as a result of the interest rate (as adjusted periodically) credited on the Fixed Account ValueAccount. This rate is guaranteed to be no less than the Guaranteed Rate set forth shown on page 3. If the Account Contract Value is held in the Separate Account, then the number of Annuity Payments payments will vary as a result of the investment performance of the Subaccounts chosen. If all the Annuitant dies Annuitants die before receiving all of the Annuity Paymentspayments, any remaining Annuity Payments payments will be made to the Designated Beneficiary. This Option is available only for Nonqualified Contracts. -------------------------------------------------------------------------------- ANNUITY PAYMENT PROVISIONS (CONTINUED) -------------------------------------------------------------------------------- ANNUITY OPTIONS (cont'd) OPTION 7 AGE RECALCULATION OPTION: This option provides for Annuity Payments payments based upon the Annuitant's life expectancy, or the joint life expectancy expectancies of the Annuitant and a beneficiary, at the Annuitant's attained age (and the Annuitant's beneficiary's attained or adjusted age, if applicable) each year. The Annuity Payments payments are computed by reference to actuarial tables prescribed by the Treasury Secretary and in accordance with Section 401(a)(9) of the Internal Revenue Code and rules and regulations thereunderSecretary. Annuity Payments are made until Account Value the amount applied is exhausted. If the Account Contract Value is held in the Fixed Account, then the amount number of the Annuity Payments payments will vary as a result of the interest rate (as adjusted periodically) credited on the Fixed Account ValueAccount. This rate is guaranteed to be not less than the Guaranteed Rate set forth shown on page 3. If the Account Contract Value is held in the Separate Account, then the amount number of the Annuity Payments payments will vary as a result of the investment performance of the Subaccounts chosen. If all the Annuitant dies Annuitants die before receiving the remaining Annuity Paymentspayments, Account Value such payments will be paid made to the Designated Beneficiary. OPTION 8.

FIXED PAYMENT OPTION. This option provides for Annuity Payments of a fixed amount selected by the Ownerpayment amount. This amount is paid until Account Value the amount applied, including daily interest adjustments, is exhaustedpaid. If the Account Contract Value is held in the Fixed Account, then the number of Annuity Payments payments will vary as a result of the interest rate (as adjusted periodically) credited on the Fixed Account ValueAccount. This rate is guaranteed to be no less than the Guaranteed Rate set forth shown on page 3. If the Account Contract Value is held in the Separate Account, then the number of Annuity Payments payments will vary as a result of the investment performance of the Subaccounts chosen. If all the Annuitant dies Annuitants die before receiving all of the Annuity Paymentspayments, any remaining Annuity Payments payments will be made to the Designated Beneficiary. This Option is available only for Nonqualified Contracts. 55-02010-08 FSX 000 X (X00-00) -18- BP 2010H1 -------------------------------------------------------------------------------- ANNUITY PAYMENT PROVISIONS (Continued) -------------------------------------------------------------------------------- ANNUITY OPTIONS (cont'd) OPTION 7 AGE RECALCULATION OPTION: This option provides for Annuity Payments payments based upon the Annuitant's life expectancy, or the joint life expectancy expectancies of the Annuitant and a beneficiary, at the Annuitant's attained age (and the Annuitant's beneficiary's attained or adjusted age, if applicable) each year. The Annuity Payments payments are computed by reference to actuarial tables prescribed by the Treasury Secretary and in accordance with Section 401(a)(9) of the Internal Revenue Code and rules and regulations thereunderSecretary. Annuity Payments are made until Account Value the amount applied is exhausted. If the Account Contract Value is held in the Fixed Account, then the amount number of the Annuity Payments payments will vary as a result of the interest rate (as adjusted periodically) credited on the Fixed Account ValueAccount. This rate is guaranteed to be not less than the Guaranteed Rate set forth shown on page 3. If the Account Contract Value is held in the Separate Account, then the amount number of the Annuity Payments payments will vary as a result of the investment performance of the Subaccounts chosen. If all the Annuitant dies Annuitants die before receiving the remaining Annuity Paymentspayments, Account Value such payments will be paid made to the Designated Beneficiary. OPTION 855-02010-08 -19- BP 2010H1 ANNUITY TABLES -------------------------------------------------------------------------------- TABLE A GUARANTEED MINIMUM AMOUNT OF MONTHLY PAYMENT FOR EACH $1,000 APPLIED SINGLE LIFE ANNUITY -------------------------------------------------------------------------------- AGE MONTHLY PAYMENTS CERTAIN INSTALLMENT OF PAYEE 0 60 120 180 240 REFUND -------------------------------------------------------------------------------- UNISEX 55 4.11 4.11 4.10 4.08 4.05 4.05 56 4.17 4.17 4.16 4.14 4.10 4.10 57 4.23 4.23 4.22 4.19 4.15 4.15 58 4.30 4.29 4.28 4.25 4.21 4.21 59 4.37 4.36 4.35 4.32 4.27 4.27 60 4.44 4.44 4.42 4.38 4.33 4.34 61 4.52 4.51 4.49 4.45 4.39 4.40 62 4.60 4.59 4.57 4.52 4.45 4.47 63 4.69 4.68 4.65 4.60 4.52 4.55 64 4.78 4.77 4.74 4.68 4.58 4.63 65 4.88 4.87 4.84 4.76 4.65 4.71 66 4.99 4.98 4.93 4.85 4.72 4.80 67 5.10 5.09 5.04 4.94 4.79 4.89 68 5.23 5.21 5.15 5.04 4.86 4.99 69 5.36 5.34 5.27 5.14 4.94 5.09 70 5.50 5.48 5.39 5.24 5.01 5.20 Rates not shown will be provided on request. The guaranteed minimum monthly payments shown apply to the initial payment for Variable Annuity Payments and to each payment for Fixed Annuity Payments. -------------------------------------------------------------------------------- JOINT & LAST AGE SURVIVOR ANNUITY TABLE B - MONTHLY INSTALLMENTS AGE 55 60 62 65 70 -------------------------------------------------------------------------------- Until last Death 55 3.77 3.87 3.90 3.95 4.00 of Two Payees 60 3.87 4.01 4.06 4.13 4.24 per $1,000 of 62 3.90 4.06 4.12 4.21 4.34 benefit amount 65 3.95 4.13 4.21 4.32 4.49 70 4.00 4.24 4.34 4.49 4.75 Annual, semiannual, or quarterly payments can be determined from Table A or B by multiplying the monthly payments by 11.812854, 5.9572233, and 2.9914201, respectively. 55-02010-12 FSX000 X (X00-00)U -20- BP 2010L A BRIEF DESCRIPTION OF THIS CONTRACT This is a FLEXIBLE PREMIUM DEFERRED VARIABLE ANNUITY CONTRACT. *Purchase Payments may be made until the earlier of the Annuity Payout Date or termination of the Contract. *A Death Benefit may be paid prior to the Annuity Payout Date according to the Contract provisions. *Annuity Payments begin on the Annuity Payout Date using the method as specified in this Contract. *The smallest annual rate of investment return that would have to be earned on the assets of the Separate Account so that the dollar amount of Variable Annuity Payments will not decrease is 3 1/2%. A daily charge corresponding to an annual charge of .55% is applied to the assets of the Separate Account by the Company. Please refer to the "Contract Value and Expense Provisions" beginning on page 10. ALL PAYMENTS AND VALUES PROVIDED BY THIS CONTRACT, WHEN BASED ON THE INVESTMENT EXPERIENCE OF THE SEPARATE ACCOUNT, ARE VARIABLE AND MAY INCREASE OR DECREASE IN ACCORDANCE WITH THE INVESTMENT EXPERIENCE OF THE SEPARATE ACCOUNT. THERE ARE NO GUARANTEED MINIMUM PAYMENTS OR CASH VALUES. (SEE "CONTRACT VALUE AND EXPENSE PROVISIONS" AND "ANNUITY PAYMENT PROVISIONS" FOR DETAILS.) FIRST SECURITY BENEFIT LIFE INSURANCE AND ANNUITY COMPANY OF NEW YORK 70 West Red Oax Xxxx, 0xx Xxxxx, Xxxxx Xxxxxx, Xxx Xxxx 00000

FIXED PAYMENT OPTION. This option provides for Annuity Payments of a fixed amount selected by the Ownerpayment amount. This amount is paid until Account Value the amount applied, including daily interest adjustments, is exhaustedpaid. If the Account Contract Value is held in the Fixed Account, then the number of Annuity Payments payments will vary as a result of the interest rate (as adjusted periodically) credited on the Fixed Account ValueAccount. This rate is guaranteed to be no less than the Guaranteed Rate set forth shown on page 3. If the Account Contract Value is held in the Separate Account, then the number of Annuity Payments payments will vary as a result of the investment performance of the Subaccounts chosen. If all the Annuitant dies Annuitants die before receiving all of the Annuity Paymentspayments, any remaining Annuity Payments payments will be made to the Designated Beneficiary. This Option is available only for Nonqualified Contracts. 55-02010-08 FSB 201 1 (4-94) -18- BP 201041 -------------------------------------------------------------------------------- ANNUITY PAYMENT PROVISIONS (Continued) -------------------------------------------------------------------------------- ANNUITY OPTIONS (cont'd) OPTION 7 AGE RECALCULATION OPTION: This option provides for Annuity Payments payments based upon the Annuitant's life expectancy, or the joint life expectancy expectancies of the Annuitant and a beneficiary, at the Annuitant's attained age (and the Annuitant's beneficiary's attained or adjusted age, if applicable) each year. The Annuity Payments payments are computed by reference to actuarial tables prescribed by the Treasury Secretary and in accordance with Section 401(a)(9) of the Internal Revenue Code and rules and regulations thereunderSecretary. Annuity Payments are made until Account Value the amount applied is exhausted. If the Account Contract Value is held in the Fixed Account, then the amount number of the Annuity Payments payments will vary as a result of the interest rate (as adjusted periodically) credited on the Fixed Account ValueAccount. This rate is guaranteed to be not less than the Guaranteed Rate set forth shown on page 3. If the Account Contract Value is held in the Separate Account, then the amount number of the Annuity Payments payments will vary as a result of the investment performance of the Subaccounts chosen. If all the Annuitant dies Annuitants die before receiving the remaining Annuity Paymentspayments, Account Value such payments will be paid made to the Designated Beneficiary. OPTION 855-02010-08 -19- XX 0000X0 XXXXXXX XXXXXX -------------------------------------------------------------------------------- TABLE A GUARANTEED MINIMUM AMOUNT OF MONTHLY PAYMENT FOR EACH $1,000 APPLIED SINGLE LIFE ANNUITY -------------------------------------------------------------------------------- AGE MONTHLY PAYMENTS CERTAIN INSTALLMENT OF PAYEE 0 60 120 180 240 REFUND -------------------------------------------------------------------------------- UNISEX 55 4.11 4.11 4.10 4.08 4.05 4.05 56 4.17 4.17 4.16 4.14 4.10 4.10 57 4.23 4.23 4.22 4.19 4.15 4.15 58 4.30 4.29 4.28 4.25 4.21 4.21 59 4.37 4.36 4.35 4.32 4.27 4.27 60 4.44 4.44 4.42 4.38 4.33 4.34 61 4.52 4.51 4.49 4.45 4.39 4.40 62 4.60 4.59 4.57 4.52 4.45 4.47 63 4.69 4.68 4.65 4.60 4.52 4.55 64 4.78 4.77 4.74 4.68 4.58 4.63 65 4.88 4.87 4.84 4.76 4.65 4.71 66 4.99 4.98 4.93 4.85 4.72 4.80 67 5.10 5.09 5.04 4.94 4.79 4.89 68 5.23 5.21 5.15 5.04 4.86 4.99 69 5.36 5.34 5.27 5.14 4.94 5.09 70 5.50 5.48 5.39 5.24 5.01 5.20 Rates not shown will be provided upon request. The guaranteed minimum monthly payments shown apply to the initial payment for Variable Annuity Payments and to each payment for Fixed Annuity Payments. -------------------------------------------------------------------------------- JOINT & LAST AGE SURVIVOR ANNUITY TABLE B - MONTHLY INSTALLMENTS AGE 55 60 62 65 70 -------------------------------------------------------------------------------- Until last Death 55 3.77 3.87 3.90 3.95 4.00 of Two Payees 60 3.87 4.01 4.06 4.13 4.24 per $1,000 of 62 3.90 4.06 4.12 4.21 4.34 benefit amount 65 3.95 4.13 4.21 4.32 4.49 70 4.00 4.24 4.34 4.49 4.75 Annual, semiannual, or quarterly payments can be determined from Table A or B by multiplying the monthly payments by 11.812854, 5.9572233, and 2.9914201, respectively. 55-02010-12 FSB201 J (4-94)U -20- BP 2010L A BRIEF DESCRIPTION OF THIS CONTRACT This is a FLEXIBLE PREMIUM DEFERRED VARIABLE ANNUITY CONTRACT. *Purchase Payments may be made until the earlier of the Annuity Payout Date or termination of the Contract. *A Death Benefit may be paid prior to the Annuity Payout Date according to the Contract provisions. *Annuity Payments begin on the Annuity Payout Date using the method as specified in this Contract. *The smallest annual rate of investment return that would have to be earned on the assets of the Separate Account so that the dollar amount of Variable Annuity Payments will not decrease is 3 1/2%. A daily charge corresponding to an annual charge of .55% is applied to the assets of the Separate Account by the Company. Please refer to the "Contract Value and Expense Provisions" beginning on page 10. ALL PAYMENTS AND VALUES PROVIDED BY THIS CONTRACT, WHEN BASED ON THE INVESTMENT EXPERIENCE OF THE SEPARATE ACCOUNT, ARE VARIABLE AND MAY INCREASE OR DECREASE IN ACCORDANCE WITH THE INVESTMENT EXPERIENCE OF THE SEPARATE ACCOUNT. THERE ARE NO GUARANTEED MINIMUM PAYMENTS OR CASH VALUES. (SEE "CONTRACT VALUE AND EXPENSE PROVISIONS" AND "ANNUITY PAYMENT PROVISIONS" FOR DETAILS.) FIRST SECURITY BENEFIT LIFE INSURANCE AND ANNUITY COMPANY OF NEW YORK 70 West Red Oak Lane, 4th Floor, Xxxxx Xxxxxx, Xxx Xxxx 00000 XXX-XXXXXXXXX XXXXXXX XXXXXSEMENT ________________________________________________________________________________ TAX-SHELTERED ANNUITY ENDORSEMENT ________________________________________________________________________________ This Contract is established as a Tax-Sheltered Annuity ("TSA") under Section 403(b) of the Internal Revenue Code of 1986, as amended (the "Code") or any successor provision, pursuant to the Owner's request in the application. Accordingly, this Endorsement is attached to and made part of the Contract as of its issue date or, if later, the date shown below. TAX-SHELTERED ANNUITY PROVISIONS To ensure treatment as a TSA, this Contract will be subject to the requirements of Code Section 403(b), which are briefly summarized below: CONTRIBUTION LIMITATIONS

FIXED PAYMENT OPTION. This option provides for Annuity Payments of a fixed amount selected by the Ownerpayment amount. This amount is paid until Account Value the amount applied, including daily interest adjustments, is exhaustedpaid. If the Account Contract Value is held in the Fixed Account, then the number of Annuity Payments payments will vary as a result of the interest rate (as adjusted periodically) credited on the Fixed Account ValueAccount. This rate is guaranteed to be no less than the Guaranteed Rate set forth shown on page 3. If the Account Contract Value is held in the Separate Account, then the number of Annuity Payments payments will vary as a result of the investment performance of the Subaccounts chosen. If all the Annuitant dies Annuitants die before receiving all of the Annuity Paymentspayments, any remaining Annuity Payments payments will be made to the Designated Beneficiary. This Option is available only for Nonqualified Contracts. V6021 I (4-94) -------------------------------------------------------------------------------- ANNUITY PAYMENT PROVISIONS (CONTINUED) -------------------------------------------------------------------------------- ANNUITY OPTIONS (cont'd) OPTION 7 AGE RECALCULATION OPTION: This option provides for Annuity Payments payments based upon the Annuitant's life expectancy, or the joint life expectancy expectancies of the Annuitant and a beneficiary, at the Annuitant's attained age (and the Annuitant's beneficiary's attained or adjusted age, if applicable) each year. The Annuity Payments payments are computed by reference to actuarial tables prescribed by the Treasury Secretary and in accordance with Section 401(a)(9) of the Internal Revenue Code and rules and regulations thereunderSecretary. Annuity Payments are made until Account Value the amount applied is exhausted. If the Account Contract Value is held in the Fixed Account, then the amount number of the Annuity Payments payments will vary as a result of the interest rate (as adjusted periodically) credited on the Fixed Account ValueAccount. This rate is guaranteed to be not less than the Guaranteed Rate set forth shown on page 3. If the Account Contract Value is held in the Separate Account, then the amount number of the Annuity Payments payments will vary as a result of the investment performance of the Subaccounts chosen. If all the Annuitant dies Annuitants die before receiving the remaining Annuity Paymentspayments, Account Value such payments will be paid made to the Designated Beneficiary. OPTION 8.

FIXED PAYMENT OPTION. This option provides for Annuity Payments of a fixed amount selected by the Ownerpayment amount. This amount is paid until Account Value the amount applied, including daily interest adjustments, is exhaustedpaid. If the Account Contract Value is held in the Fixed Account, then the number of Annuity Payments payments will vary as a result of the interest rate (as adjusted periodically) credited on the Fixed Account ValueAccount. This rate is guaranteed to be no less than the Guaranteed Rate set forth shown on page 3. If the Account Contract Value is held in the Separate Account, then the number of Annuity Payments payments will vary as a result of the investment performance of the Subaccounts chosen. If all the Annuitant dies Annuitants die before receiving all of the Annuity Paymentspayments, any remaining Annuity Payments payments will be made to the Designated Beneficiary. This Option is available only for Nonqualified Contracts. 55-02010-08 FSX000 X(X00-00) -18- BP 2010H1 -------------------------------------------------------------------------------- ANNUITY PAYMENT PROVISIONS (Continued) -------------------------------------------------------------------------------- ANNUITY OPTIONS (cont'd) OPTION 7 AGE RECALCULATION OPTION: This option provides for Annuity Payments payments based upon the Annuitant's life expectancy, or the joint life expectancy expectancies of the Annuitant and a beneficiary, at the Annuitant's attained age (and the Annuitant's beneficiary's attained or adjusted age, if applicable) each year. The Annuity Payments payments are computed by reference to actuarial tables prescribed by the Treasury Secretary and in accordance with Section 401(a)(9) of the Internal Revenue Code and rules and regulations thereunderSecretary. Annuity Payments are made until Account Value the amount applied is exhausted. If the Account Contract Value is held in the Fixed Account, then the amount number of the Annuity Payments payments will vary as a result of the interest rate (as adjusted periodically) credited on the Fixed Account ValueAccount. This rate is guaranteed to be not less than the Guaranteed Rate set forth shown on page 3. If the Account Contract Value is held in the Separate Account, then the amount number of the Annuity Payments payments will vary as a result of the investment performance of the Subaccounts chosen. If all the Annuitant dies Annuitants die before receiving the remaining Annuity Paymentspayments, Account Value such payments will be paid made to the Designated Beneficiary. OPTION 855-02010-08 -19- BP 2010H1 ANNUITY TABLES -------------------------------------------------------------------------------- TABLE A GUARANTEED MINIMUM AMOUNT OF MONTHLY PAYMENT FOR EACH $1,000 APPLIED SINGLE LIFE ANNUITY -------------------------------------------------------------------------------- AGE OF MONTHLY PAYMENTS CERTAIN INSTALLMENT PAYEE 0 60 120 180 240 REFUND -------------------------------------------------------------------------------- MALE ---- 55 4.45 4.44 4.41 4.37 4.30 4.31 56 4.52 4.51 4.48 4.43 4.36 4.37 57 4.60 4.59 4.56 4.50 4.42 4.44 58 4.68 4.67 4.64 4.57 4.47 4.51 59 4.77 4.76 4.72 4.65 4.53 4.58 60 4.87 4.85 4.81 4.72 4.60 4.65 61 4.97 4.95 4.90 4.80 4.66 4.73 62 5.07 5.05 5.00 4.89 4.72 4.82 63 5.19 5.17 5.10 4.97 4.79 4.90 64 5.31 5.29 5.20 5.06 4.85 5.00 65 5.44 5.41 5.32 5.15 4.92 5.09 66 5.58 5.55 5.44 5.24 4.98 5.20 67 5.73 5.69 5.56 5.34 5.05 5.30 68 5.89 5.84 5.69 5.44 5.11 5.41 69 6.06 6.00 5.82 5.54 5.17 5.53 70 6.24 6.17 5.97 5.64 5.23 5.66 FEMALE ------ 55 4.11 4.11 4.10 4.08 4.05 4.05 56 4.17 4.17 4.16 4.14 4.10 4.10 57 4.23 4.23 4.22 4.19 4.15 4.15 58 4.30 4.29 4.28 4.25 4.21 4.21 59 4.37 4.36 4.35 4.32 4.27 4.27 60 4.44 4.44 4.42 4.38 4.33 4.34 61 4.52 4.51 4.49 4.45 4.39 4.40 62 4.60 4.59 4.57 4.52 4.45 4.47 63 4.69 4.68 4.65 4.60 4.52 4.55 64 4.78 4.77 4.74 4.68 4.58 4.63 65 4.88 4.87 4.84 4.76 4.65 4.71 66 4.99 4.98 4.93 4.85 4.72 4.80 67 5.10 5.09 5.04 4.94 4.79 4.89 68 5.23 5.21 5.15 5.04 4.86 4.99 69 5.36 5.34 5.27 5.14 4.94 5.09 70 5.50 5.48 5.39 5.24 5.01 5.20 Rates not shown will be provided on request. The guaranteed minimum monthly payments shown apply to the initial payment for Variable Annuity Payments and to each payment for Fixed Annuity Payments. -------------------------------------------------------------------------------- JOINT & LAST SURVIVOR ANNUITY TABLE B - MONTHLY FEMALE MALE AGE INSTALLMENTS AGE 55 60 62 65 70 -------------------------------------------------------------------------------- Until last Death 55 3.85 3.93 3.95 3.99 4.03 of Two Payees 60 3.98 4.10 4.15 4.21 4.29 per $1,000 of 62 4.03 4.18 4.23 4.30 4.40 benefit amount 65 4.11 4.28 4.35 4.45 4.59 70 4.21 4.45 4.54 4.69 4.92 Annual, semiannual, or quarterly payments can be determined from Table A or B by multiplying the monthly payments by 11.812854, 5.9572233, and 2.9914201, respectively.

FIXED PAYMENT OPTION. This option provides for Annuity Payments of a fixed amount selected by the Ownerpayment amount. This amount is paid until Account Value the amount applied, including daily interest adjustments, is exhaustedpaid. If the Account Contract Value is held in the Fixed Account, then the number of Annuity Payments payments will vary as a result of the interest rate (as adjusted periodically) credited on the Fixed Account ValueAccount. This rate is guaranteed to be no less than the Guaranteed Rate set forth shown on page 3. If the Account Contract Value is held in the Separate Account, then the number of Annuity Payments payments will vary as a result of the investment performance of the Subaccounts chosen. If all the Annuitant dies Annuitants die before receiving all of the Annuity Paymentspayments, any remaining Annuity Payments payments will be made to the Designated Beneficiary. This Option is available only for Nonqualified Contracts. OPTION 7 AGE RECALCULATION OPTION: This option provides for Annuity Payments payments based upon the Annuitant's life expectancy, or the joint life expectancy expectancies of the Annuitant and a beneficiary, at the Annuitant's attained age (and the Annuitant's beneficiary's attained or adjusted age, if applicable) each year. The Annuity Payments payments are computed by reference to actuarial tables prescribed by the Treasury Secretary and in accordance with Section 401(a)(9) of the Internal Revenue Code and rules and regulations thereunderSecretary. Annuity Payments are made until Account Value the amount applied is exhausted. If the Account Contract Value is held in the Fixed Account, then the amount number of the Annuity Payments payments will vary as a result of the interest rate (as adjusted periodically) credited on the Fixed Account ValueAccount. This rate is guaranteed to be not less than the Guaranteed Rate set forth shown on page 3. If the Account Contract Value is held in the Separate Account, then the amount number of the Annuity Payments payments will vary as a result of the investment performance of the Subaccounts chosen. If all the Annuitant dies Annuitants die before receiving the remaining Annuity Paymentspayments, Account Value such payments will be paid made to the Designated Beneficiary. OPTION 8ANNUITY TABLES -------------------------------------------------------------------------------- Table A Guaranteed Minimum Amount of Monthly Payment for each $1,000 applied SINGLE LIFE ANNUITY -------------------------------------------------------------------------------- AGE OF MONTHLY PAYMENTS CERTAIN INSTALLMENT PAYEE 0 60 120 180 240 REFUND -------------------------------------------------------------------------------- MALE 55 4.45 4.44 4.41 4.37 4.30 4.31 56 4.52 4.51 4.48 4.43 4.36 4.37 57 4.60 4.59 4.56 4.50 4.42 4.44 58 4.68 4.67 4.64 4.57 4.47 4.51 59 4.77 4.76 4.72 4.65 4.53 4.58 60 4.87 4.85 4.81 4.72 4.60 4.65 61 4.97 4.95 4.90 4.80 4.66 4.73 62 5.07 5.05 5.00 4.89 4.72 4.82 63 5.19 5.17 5.10 4.97 4.79 4.90 64 5.31 5.29 5.20 5.06 4.85 5.00 65 5.44 5.41 5.32 5.15 4.92 5.09 66 5.58 5.55 5.44 5.24 4.98 5.20 67 5.73 5.69 5.56 5.34 5.05 5.30 68 5.89 5.84 5.69 5.44 5.11 5.41 69 6.06 6.00 5.82 5.54 5.17 5.53 70 6.24 6.17 5.97 5.64 5.23 5.66 FEMALE 55 4.11 4.11 4.10 4.08 4.05 4.05 56 4.17 4.17 4.16 4.14 4.10 4.10 57 4.23 4.23 4.22 4.19 4.15 4.15 58 4.30 4.29 4.28 4.25 4.21 4.21 59 4.37 4.36 4.35 4.32 4.27 4.27 60 4.44 4.44 4.42 4.38 4.33 4.34 61 4.52 4.51 4.49 4.45 4.39 4.40 62 4.60 4.59 4.57 4.52 4.45 4.47 63 4.69 4.68 4.65 4.60 4.52 4.55 64 4.78 4.77 4.74 4.68 4.58 4.63 65 4.88 4.87 4.84 4.76 4.65 4.71 66 4.99 4.98 4.93 4.85 4.72 4.80 67 5.10 5.09 5.04 4.94 4.79 4.89 68 5.23 5.21 5.15 5.04 4.86 4.99 69 5.36 5.34 5.27 5.14 4.94 5.09 70 5.50 5.48 5.39 5.24 5.01 5.20 RATES NOT SHOWN WILL BE PROVIDED ON REQUEST. THE GUARANTEED MINIMUM MONTHLY PAYMENTS SHOWN APPLY TO THE INITIAL PAYMENT FOR VARIABLE ANNUITY PAYMENTS AND TO EACH PAYMENT FOR FIXED ANNUITY PAYMENTS. -------------------------------------------------------------------------------- JOINT & LAST | SURVIVOR ANNUITY | TABLE B - MONTHLY FEMALE | MALE AGE INSTALLEMNTS AGE | 55 60 62 65 70 --------------------------------|----------------------------------------------- Until last Death 55 | 3.85 3.93 3.95 3.99 4.03 of Two Payees 60 | 3.98 4.10 4.15 4.21 4.29 per $1,000 of 62 | 4.03 4.18 4.23 4.30 4.40 benefit amount 65 | 4.11 4.28 4.35 4.45 4.59 70 | 4.21 4.45 4.54 4.69 4.92 ANNUAL, SEMIANNUAL, OR QUARTERLY PAYMENTS CAN BE DETERMINED FROM TABLE A OR B BY MULTIPLYING THE MONTHLY PAYMENTS BY 11.812854, 5.9572233, AND 2.9914201, RESPECTIVELY. A BRIEF DESCRIPTION OF THIS CONTRACT This is a FLEXIBLE PREMIUM DEFERRED VARIABLE ANNUITY CONTRACT. * Purchase Payments may be made until the earlier of the Annuity Payout Date or termination of the Contract. * A Death Benefit may be paid prior to the Annuity Payout Date according to the Contract provisions. * Annuity Payments begin on the Annuity Payout Date using the method as specified in this Contract. ALL PAYMENTS AND VALUES PROVIDED BY THIS CONTRACT, WHEN BASED ON THE INVESTMENT EXPERIENCE OF THE SEPARATE ACCOUNT, ARE VARIABLE AND MAY INCREASE OR DECREASE IN ACCORDANCE WITH THE INVESTMENT EXPERIENCE OF THE SEPARATE ACCOUNT. THERE ARE NO GUARANTEED MINIMUM PAYMENTS OR CASH VALUES. (SEE "CONTRACT VALUE AND EXPENSE PROVISIONS" AND "ANNUITY PAYMENT PROVISIONS" FOR DETAILS.) [SBG LOGO] SECURITY BENEFIT LIFE INSURANCE COMPANY A Member of The Security Benefit Group of Companies P.O. Box 750440, Topeka, KS 66675-0440 700 SW Harrisox Xxxxxx, Xxxxxa, KS 66636-0001 1-800-888-2461 1-800-469-6587 XXX XXXXXXXX SERVICE

FIXED PAYMENT OPTION. This option provides for Annuity Payments of a fixed amount selected by the Ownerpayment amount. This amount is paid until Account Value the amount applied, including daily interest adjustments, is exhaustedpaid. If the Account Contract Value is held in the Fixed Account, then the number of Annuity Payments payments will vary as a result of the interest rate (as adjusted periodically) credited on the Fixed Account ValueAccount. This rate is guaranteed to be no less than the Guaranteed Rate set forth shown on page 3. If the Account Contract Value is held in the Separate Account, then the number of Annuity Payments payments will vary as a result of the investment performance of the Subaccounts chosen. If all the Annuitant dies Annuitants die before receiving all of the Annuity Paymentspayments, any remaining Annuity Payments payments will be made to the Designated Beneficiary. This Option is available only for Nonqualified Contracts. OPTION 7 AGE RECALCULATION OPTION: This option provides for Annuity Payments payments based upon the Annuitant's life expectancy, or the joint life expectancy expectancies of the Annuitant and a beneficiary, at the Annuitant's attained age (and the Annuitant's beneficiary's attained or adjusted age, if applicable) each year. The Annuity Payments payments are computed by reference to actuarial tables prescribed by the Treasury Secretary and in accordance with Section 401(a)(9) of the Internal Revenue Code and rules and regulations thereunderSecretary. Annuity Payments are made until Account Value the amount applied is exhausted. If the Account Contract Value is held in the Fixed Account, then the amount number of the Annuity Payments payments will vary as a result of the interest rate (as adjusted periodically) credited on the Fixed Account ValueAccount. This rate is guaranteed to be not less than the Guaranteed Rate set forth shown on page 3. If the Account Contract Value is held in the Separate Account, then the amount number of the Annuity Payments payments will vary as a result of the investment performance of the Subaccounts chosen. If all the Annuitant dies Annuitants die before receiving the remaining Annuity Paymentspayments, Account Value such payments will be paid made to the Designated Beneficiary. OPTION 8ANNUITY TABLES -------------------------------------------------------------------------------- Table A Guaranteed Minimum Amount of Monthly Payment for each $1,000 applied SINGLE LIFE ANNUITY -------------------------------------------------------------------------------- AGE OF MONTHLY PAYMENTS CERTAIN INSTALLMENT PAYEE 0 60 120 180 240 REFUND -------------------------------------------------------------------------------- MALE 55 4.45 4.44 4.41 4.37 4.30 4.31 56 4.52 4.51 4.48 4.43 4.36 4.37 57 4.60 4.59 4.56 4.50 4.42 4.44 58 4.68 4.67 4.64 4.57 4.47 4.51 59 4.77 4.76 4.72 4.65 4.53 4.58 60 4.87 4.85 4.81 4.72 4.60 4.65 61 4.97 4.95 4.90 4.80 4.66 4.73 62 5.07 5.05 5.00 4.89 4.72 4.82 63 5.19 5.17 5.10 4.97 4.79 4.90 64 5.31 5.29 5.20 5.06 4.85 5.00 65 5.44 5.41 5.32 5.15 4.92 5.09 66 5.58 5.55 5.44 5.24 4.98 5.20 67 5.73 5.69 5.56 5.34 5.05 5.30 68 5.89 5.84 5.69 5.44 5.11 5.41 69 6.06 6.00 5.82 5.54 5.17 5.53 70 6.24 6.17 5.97 5.64 5.23 5.66 FEMALE 55 4.11 4.11 4.10 4.08 4.05 4.05 56 4.17 4.17 4.16 4.14 4.10 4.10 57 4.23 4.23 4.22 4.19 4.15 4.15 58 4.30 4.29 4.28 4.25 4.21 4.21 59 4.37 4.36 4.35 4.32 4.27 4.27 60 4.44 4.44 4.42 4.38 4.33 4.34 61 4.52 4.51 4.49 4.45 4.39 4.40 62 4.60 4.59 4.57 4.52 4.45 4.47 63 4.69 4.68 4.65 4.60 4.52 4.55 64 4.78 4.77 4.74 4.68 4.58 4.63 65 4.88 4.87 4.84 4.76 4.65 4.71 66 4.99 4.98 4.93 4.85 4.72 4.80 67 5.10 5.09 5.04 4.94 4.79 4.89 68 5.23 5.21 5.15 5.04 4.86 4.99 69 5.36 5.34 5.27 5.14 4.94 5.09 70 5.50 5.48 5.39 5.24 5.01 5.20 RATES NOT SHOWN WILL BE PROVIDED ON REQUEST. THE GUARANTEED MINIMUM MONTHLY PAYMENTS SHOWN APPLY TO THE INITIAL PAYMENT FOR VARIABLE ANNUITY PAYMENTS AND TO EACH PAYMENT FOR FIXED ANNUITY PAYMENTS. -------------------------------------------------------------------------------- JOINT & LAST | SURVIVOR ANNUITY | TABLE B - MONTHLY FEMALE | MALE AGE INSTALLEMNTS AGE | 55 60 62 65 70 --------------------------------|----------------------------------------------- Until last Death 55 | 3.85 3.93 3.95 3.99 4.03 of Two Payees 60 | 3.98 4.10 4.15 4.21 4.29 per $1,000 of 62 | 4.03 4.18 4.23 4.30 4.40 benefit amount 65 | 4.11 4.28 4.35 4.45 4.59 70 | 4.21 4.45 4.54 4.69 4.92 ANNUAL, SEMIANNUAL, OR QUARTERLY PAYMENTS CAN BE DETERMINED FROM TABLE A OR B BY MULTIPLYING THE MONTHLY PAYMENTS BY 11.812854, 5.9572233, AND 2.9914201, RESPECTIVELY. A BRIEF DESCRIPTION OF THIS CONTRACT This is a FLEXIBLE PREMIUM DEFERRED VARIABLE ANNUITY CONTRACT. * Purchase Payments may be made until the earlier of the Annuity Payout Date or termination of the Contract. * A Death Benefit may be paid prior to the Annuity Payout Date according to the Contract provisions. * Annuity Payments begin on the Annuity Payout Date using the method as specified in this Contract. ALL PAYMENTS AND VALUES PROVIDED BY THIS CONTRACT, WHEN BASED ON THE INVESTMENT EXPERIENCE OF THE SEPARATE ACCOUNT, ARE VARIABLE AND MAY INCREASE OR DECREASE IN ACCORDANCE WITH THE INVESTMENT EXPERIENCE OF THE SEPARATE ACCOUNT. THERE ARE NO GUARANTEED MINIMUM PAYMENTS OR CASH VALUES. (SEE "CONTRACT VALUE AND EXPENSE PROVISIONS" AND "ANNUITY PAYMENT PROVISIONS" FOR DETAILS.)

FIXED PAYMENT OPTION. This option provides for Annuity Payments of a fixed amount selected by the Owner. This amount is paid until Account Value is exhausted. If the Account Value is held in the Fixed Account, then the number of Annuity Payments will vary as a result of the interest rate (as adjusted periodically) credited on Fixed Account Value. This rate is guaranteed to be no less than the Guaranteed Rate set forth on page 3. If the Account Value is held in the Separate Account, then the number of Annuity Payments will vary as a result of the investment performance of the Subaccounts chosen. If the Annuitant dies before receiving all of the Annuity Payments, any remaining Annuity Payments will be made to the Designated Beneficiary. This Option is available only for Nonqualified Contracts. OPTION 7 AGE RECALCULATION OPTION: This option provides for Annuity Payments based upon the Annuitant's life expectancy, or the joint life expectancy of the Annuitant and a beneficiary, at the Annuitant's attained age (and the Annuitant's beneficiary's attained or adjusted age, if applicable) each year. The Annuity Payments are computed by reference to actuarial tables prescribed by the Treasury Secretary and in accordance with Section 401(a)(9) of the Internal Revenue Code and rules and regulations thereunder. Annuity Payments are made until Account Value is exhausted. If the Account Value is held in the Fixed Account, then the amount of the Annuity Payments will vary as a result of the interest rate (as adjusted periodically) credited on Fixed Account Value. This rate is guaranteed to be not less than the Guaranteed Rate set forth on page 3. If the Account Value is held in the Separate Account, then the amount of the Annuity Payments will vary as a result of the investment performance of the Subaccounts chosen. If the Annuitant dies before receiving the remaining Annuity Payments, Account Value will be paid to the Designated Beneficiary. OPTION 88 PERIOD CERTAIN OPTION: This option provides Annuity Payments for a fixed period of 5, 10, 15 or 20 years. Annuity Payments will be made until the end of this period. If the Annuitant dies prior to the end of the period, the remaining Annuity Payments will be made to the Designated Beneficiary. OPTION 9 LIFE INCOME WITH LIQUIDITY OPTION: This option provides monthly Annuity Payments for the life of the Annuitant or the lives of the Annuitant and a Joint Annuitant with a period certain of 15 years (or less in certain instances where the period certain would exceed the life expectancy of the Annuitant or joint life expectancy of the Joint Annuitants). Annuity Payments under this option are guaranteed never to be less than 80 percent of the initial Annuity Payment ("Floor Payment"); provided that the Floor Payment is adjusted in the event of a Withdrawal. See "Withdrawal Provisions" on pages 15 through 18. The amount of the Annuity Payment will remain level for 12 month intervals and will reset on each anniversary of the Annuity Payout Date as discussed under "Payment Units," on pages 26 and 27. Annuity Payments during the Liquidity Period are paid from Account Value and reduce the amount of Account Value available for Withdrawal. If Account Value allocated to a Subaccount from which Annuity Payments are being made will be reduced to $0 by the current Annuity Payment, the Annuity Payment will be adjusted as of the date of that payment. The amount of any shortfall in the affected Subaccount will be deducted from the first of the Subaccounts set forth on page 3 that has Account Value. Until the next reset of the Annuity Payment, Annuity Payments will be made from the Subaccounts that have Account Value in the same proportion as Account Value is allocated among the Subaccounts on the date of the payment adjustment. Payment Units also will be adjusted as of that date to reflect the proportion of Account Value allocated to the Subaccounts. If there are Joint Annuitants, upon the death of one Annuitant, Annuity Payments continue to the surviving Joint Annuitant at the same or a reduced level of 75%, 66 2/3% or 50% of Annuity Payments as elected by the Owner. The percentage elected is set forth on page 3. The number of Payment Units used to determine each Annuity Payment is reduced as of: (1) the Annuity Payment due on the Period Certain Expiration Date; or (2) if later, the first Annuity Payment following the death of the Joint Annuitant. If such death occurs during the Liquidity Period, the Annuity Payment may be increased as discussed under "Payment Adjustment Upon Death of Joint Annuitant" below. In the event of the death of the Annuitant or, in the case of Joint Annuitants, the last Annuitant, prior to the Period Certain Expiration Date, a death benefit will be paid as follows. In the event of death during the Liquidity Period, the death benefit is the Account Value as of the date due proof of death and payment instructions are Received by the Company. In the event of death during the period beginning at the close of the Liquidity Period and ending on the Period Certain Expiration Date, the Designated Beneficiary may elect the death benefit as follows: (1) the present value of the remaining guaranteed Annuity Payments as of the date due proof of death and payment instructions are Received by the Company, commuted at the Assumed Interest Rate, and paid in a lump sum; or (2) the remaining guaranteed Annuity Payments paid to the Designated Beneficiary on a monthly basis until the Period Certain Expiration Date. PAYMENT ADJUSTMENT UPON DEATH OF JOINT ANNUITANT Under Option 9, if a Joint Annuitant dies during the Liquidity Period, the amount of the Annuity Payment to the surviving Joint Annuitant may be increased beginning on the date of the 61st Annuity Payment. The determination of whether to increase the amount of the Annuity Payment is made as of the date of the 61st Annuity Payment, as follows. An amount equal to the present value of future Annuity Payments based on the joint lives of the Annuitants, commuted at the Assumed Interest Rate, is divided by $1,000, and the result is multiplied by an amount determined by reference to the Annuity Table for Option 2 with a ten year period certain based upon the surviving Joint Annuitant's age and sex (unless unisex rates apply). If the amount of the Annuity Payment as determined above is greater than the Annuity Payment calculated as of the date of the 61st Annuity Payment, the Annuity Payment will be increased as of the date of the 61st Annuity Payment to that amount and the Floor Payment and number of Payment Units will be increased proportionately. ANNUITY PAYOUT AMOUNT The Annuity Payout Amount is used to calculate Annuity Payments under Annuity Options 1 through 4, 8 and 9. The Annuity Payout Amount is:

FIXED PAYMENT OPTION. This option provides for Annuity Payments of a fixed amount selected by the Ownerpayment amount. This amount is paid until Account Value the amount applied, including daily interest adjustments, is exhaustedpaid. If the Account Contract Value is held in the Fixed Account, then the number of Annuity Payments payments will vary as a result of the interest rate (as adjusted periodically) credited on the Fixed Account ValueAccount. This rate is guaranteed to be no less than the Guaranteed Rate set forth shown on page 3. If the Account Contract Value is held in the Separate Account, then the number of Annuity Payments payments will vary as a result of the investment performance of the Subaccounts chosen. If all the Annuitant dies Annuitants die before receiving all of the Annuity Paymentspayments, any remaining Annuity Payments payments will be made to the Designated Beneficiary. This Option is available only for Nonqualified Contracts. 55-02010-08 FSB 000 0 (0-04) -18- BP 201041 -------------------------------------------------------------------------------- ANNUITY PAYMENT PROVISIONS (Continued) -------------------------------------------------------------------------------- ANNUITY OPTIONS (cont'd) OPTION 7 AGE RECALCULATION OPTION: This option provides for Annuity Payments payments based upon the Annuitant's life expectancy, or the joint life expectancy expectancies of the Annuitant and a beneficiary, at the Annuitant's attained age (and the Annuitant's beneficiary's attained or adjusted age, if applicable) each year. The Annuity Payments payments are computed by reference to actuarial tables prescribed by the Treasury Secretary and in accordance with Section 401(a)(9) of the Internal Revenue Code and rules and regulations thereunderSecretary. Annuity Payments are made until Account Value the amount applied is exhausted. If the Account Contract Value is held in the Fixed Account, then the amount number of the Annuity Payments payments will vary as a result of the interest rate (as adjusted periodically) credited on the Fixed Account ValueAccount. This rate is guaranteed to be not less than the Guaranteed Rate set forth shown on page 3. If the Account Contract Value is held in the Separate Account, then the amount number of the Annuity Payments payments will vary as a result of the investment performance of the Subaccounts chosen. If all the Annuitant dies Annuitants die before receiving the remaining Annuity Paymentspayments, Account Value such payments will be paid made to the Designated Beneficiary. OPTION 855-02010-08 -19- BP 2010H1 ANNUITY TABLES -------------------------------------------------------------------------------- TABLE A GUARANTEED MINIMUM AMOUNT OF MONTHLY PAYMENT FOR EACH $1,000 APPLIED SINGLE LIFE ANNUITY -------------------------------------------------------------------------------- AGE MONTHLY PAYMENTS CERTAIN INSTALLMENT OF PAYEE 0 60 120 180 240 REFUND -------------------------------------------------------------------------------- UNISEX 55 4.11 4.11 4.10 4.08 4.05 4.05 56 4.17 4.17 4.16 4.14 4.10 4.10 57 4.23 4.23 4.22 4.19 4.15 4.15 58 4.30 4.29 4.28 4.25 4.21 4.21 59 4.37 4.36 4.35 4.32 4.27 4.27 60 4.44 4.44 4.42 4.38 4.33 4.34 61 4.52 4.51 4.49 4.45 4.39 4.40 62 4.60 4.59 4.57 4.52 4.45 4.47 63 4.69 4.68 4.65 4.60 4.52 4.55 64 4.78 4.77 4.74 4.68 4.58 4.63 65 4.88 4.87 4.84 4.76 4.65 4.71 66 4.99 4.98 4.93 4.85 4.72 4.80 67 5.10 5.09 5.04 4.94 4.79 4.89 68 5.23 5.21 5.15 5.04 4.86 4.99 69 5.36 5.34 5.27 5.14 4.94 5.09 70 5.50 5.48 5.39 5.24 5.01 5.20 Rates not shown will be provided upon request. The guaranteed minimum monthly payments shown apply to the initial payment for Variable Annuity Payments and to each payment for Fixed Annuity Payments. -------------------------------------------------------------------------------- JOINT & LAST AGE SURVIVOR ANNUITY TABLE B - MONTHLY INSTALLMENTS AGE 55 60 62 65 70 -------------------------------------------------------------------------------- Until last Death 55 3.77 3.87 3.90 3.95 4.00 of Two Payees 60 3.87 4.01 4.06 4.13 4.24 per $1,000 of 62 3.90 4.06 4.12 4.21 4.34 benefit amount 65 3.95 4.13 4.21 4.32 4.49 70 4.00 4.24 4.34 4.49 4.75 Annual, semiannual, or quarterly payments can be determined from Table A or B by multiplying the monthly payments by 11.812854, 5.9572233, and 2.9914201, respectively. 55-02010-12 FSB000 X (0-00)U -20- BP 2010L A BRIEF DESCRIPTION OF THIS CONTRACT This is a FLEXIBLE PREMIUM DEFERRED VARIABLE ANNUITY CONTRACT. *Purchase Payments may be made until the earlier of the Annuity Payout Date or termination of the Contract. *A Death Benefit may be paid prior to the Annuity Payout Date according to the Contract provisions. *Annuity Payments begin on the Annuity Payout Date using the method as specified in this Contract. *The smallest annual rate of investment return that would have to be earned on the assets of the Separate Account so that the dollar amount of Variable Annuity Payments will not decrease is 3 1/2%. A daily charge corresponding to an annual charge of .55% is applied to the assets of the Separate Account by the Company. Please refer to the "Contract Value and Expense Provisions" beginning on page 10. ALL PAYMENTS AND VALUES PROVIDED BY THIS CONTRACT, WHEN BASED ON THE INVESTMENT EXPERIENCE OF THE SEPARATE ACCOUNT, ARE VARIABLE AND MAY INCREASE OR DECREASE IN ACCORDANCE WITH THE INVESTMENT EXPERIENCE OF THE SEPARATE ACCOUNT. THERE ARE NO GUARANTEED MINIMUM PAYMENTS OR CASH VALUES. (SEE "CONTRACT VALUE AND EXPENSE PROVISIONS" AND "ANNUITY PAYMENT PROVISIONS" FOR DETAILS.) FIRST SECURITY BENEFIT LIFE INSURANCE AND ANNUITY COMPANY OF NEW YORK 70 West Red Oak Xxxx, 0xx Xxxxx, Xxxxx Xxxxxx, Xxx Xxxx 00000