Common use of FIXED PAYMENT OPTION Clause in Contracts

FIXED PAYMENT OPTION. This option provides a fixed payment amount. This amount is paid until the initial amount applied, including daily interest adjustments, is paid. If the Contract Value is held in the Fixed Account, then the number of payments will vary as a result of the interest rate (as adjusted periodically) credited on the Fixed Account. If the Contract Value is held in the Variable Account, then the number of payments will vary as a result of the investment performance of the specific Sub-Accounts chosen. If all the Annuitants dies before receiving all the payments, any remaining payments will be made to the Designated Beneficiary. 00-00000-00 BP 602081 -------------------------------------------------------------------------------- ANNUITY OPTION RATES -------------------------------------------------------------------------------- SINGLE LIFE INCOME OPTIONS Table A - Monthly Payments for a fixed term and afterwards as long as the Annuitant lives per $1,000 of benefit amount GUARANTEED MONTHLY PAYMENTS -------------------------------------------------------------------------------- Age of Payee 0 60 120 180 240 Unit 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. -------------------------------------------------------------------------------- JOINT & LAST SURVIVOR 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 Option 1, 2, 3, or 4 available at ages 40 through 80. 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. 00-00000-00 V 6020 I (3-93) BP 60209 PARKSTONE VARIABLE ANNUITY A BRIEF DESCRIPTION OF THIS CONTRACT This is a FLEXIBLE PURCHASE PAYMENT DEFERRED VARIABLE ANNUITY CONTRACT * Purchase Payments may be made until the earlier of the Annuity Start Date or termination of the Contract. * A Death Benefit may be paid prior to the Annuity Start Date according to the contract provisions. * Annuity Payments begin on the Annuity Start Date using the method as specified in this Contract. * This is a participating Contract. ALL PAYMENTS AND VALUES PROVIDED BY THIS CONTRACT, WHEN BASED ON THE INVESTMENT EXPERIENCE OF THE VARIABLE ACCOUNT, ARE VARIABLE AND THESE DOLLAR AMOUNTS ARE NOT GUARANTEED. (SEE "CONTRACT VALUE AND EXPENSE PROVISIONS" AND "ANNUITY PAYMENT PROVISIONS" FOR DETAILS.) [SBL LOGO] Security Benefit Life Insurance Company A Member of The Security Benefit Group of Companies 700 Xxxxxxxx, Topeka, KS 66636-0001 0-000-000-0000 00-00000-00 BP 602004 ENDORSEMENT FOR ANNUITY POLICY LOAN PROVISION INTRODUCTION AND REQUIREMENTS FOR A LOAN:

FIXED PAYMENT OPTION. This option provides a fixed payment amount. This amount is paid until the initial amount applied, including daily interest adjustments, is paid. If the Contract Value is held in the Fixed Account, then the number of payments will vary as a result of the interest rate (as adjusted periodically) credited on the Fixed Account. This rate is guaranteed to be no less than the Guaranteed Rate shown on page 3. If the Contract Value is held in the Variable Separate Account, then the number of payments will vary as a result of the investment performance of the specific Sub-Accounts Subaccounts chosen. If all the Annuitants dies die before receiving all the payments, any remaining payments will be made to the Designated Beneficiary. 00-00000-00 BP 602081 -------------------------------------------------------------------------------- ANNUITY OPTION RATES -------------------------------------------------------------------------------- SINGLE LIFE INCOME TABLES TABLE A SETTLEMENT OPTIONS Table A - Monthly Payments for a fixed term and afterwards as long as the Annuitant lives per ONE, TWO, AND THREE MINIMUM INITIAL MONTHLY INSTALLMENTS PER $1,000 OF AMOUNT APPLIED Adjusted Option One Option Two Option Three Age Life Year Fixed Period Ends Unit of benefit amount GUARANTEED MONTHLY PAYMENTS -------------------------------------------------------------------------------- Age of Payee 0 60 120 180 240 Unit Annuitant Only 5 10 15 20 Refund MALE -------------------------------------------------------------------------------- ------------------ --------------- -------------- ------------- -------------- ------------- ---------------- UNISEX 55 4.45 4.54 4.53 4.51 4.46 4.38 4.40 56 4.62 4.61 4.58 4.53 4.44 4.41 4.37 4.30 4.31 56 4.52 4.47 57 4.71 4.70 4.66 4.60 4.51 4.48 4.43 4.36 4.37 57 4.60 4.59 4.56 4.50 4.42 4.44 4.54 58 4.80 4.79 4.75 4.68 4.67 4.64 4.57 4.47 4.51 4.62 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 4.64 4.70 60 5.00 4.99 4.98 4.93 4.85 4.72 4.80 67 5.10 4.84 4.70 4.78 61 5.11 5.09 5.04 4.94 4.79 4.89 68 5.03 4.93 4.77 4.87 62 5.23 5.21 5.15 5.04 4.86 4.99 5.14 5.02 4.84 4.96 63 5.36 5.33 5.25 5.12 4.91 5.06 64 5.49 5.46 5.37 5.21 4.98 5.17 65 5.64 5.60 5.50 5.31 5.05 5.28 66 5.79 5.75 5.63 5.42 5.12 5.39 67 5.95 5.91 5.77 5.53 5.19 5.52 68 6.13 6.08 5.91 5.63 5.25 5.65 69 5.36 5.34 5.27 5.14 4.94 5.09 6.32 6.26 6.07 5.74 5.32 5.79 70 5.50 6.53 6.46 6.23 5.86 5.37 5.94 71 6.75 6.67 6.40 5.97 5.43 6.09 72 6.99 6.89 6.58 6.08 5.48 5.39 5.24 5.01 5.20 Rates 6.26 73 7.26 7.13 6.76 6.18 5.52 6.44 74 7.54 7.39 6.95 6.29 5.57 6.63 75 7.85 7.67 7.14 6.39 5.60 6.83 Values not shown will be provided on upon request. -------------------------------------------------------------------------------- JOINT & LAST SURVIVOR 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 Option 1, 2, 3, or 4 available at ages 40 through 80. Annual, semiannual, or quarterly payments installments can be determined from Table A or B by multiplying the monthly payments installments by 11.81285411.812853, 5.95722335.9572227, and 2.9914201, 2.9914196 respectively. 00-00000-00 V 6020 I (3-93) BP 60209 PARKSTONE VARIABLE ANNUITY A BRIEF DESCRIPTION TABLE B SETTLEMENT OPTION FOUR MINIMUM INITIAL MONTHLY INSTALLMENT PER $1,000 OF THIS CONTRACT This is a FLEXIBLE PURCHASE PAYMENT DEFERRED VARIABLE ANNUITY CONTRACT * Purchase Payments may AMOUNT APPLIED ADJUSTED AGE OF PRIMARY ADJUSTED AGE OF SECONDARY ANNUITANT ANNUITANT 55 60 62 65 70 75 ---------------------------------- ------------ ----------- ----------- ------------ ----------- ------------- 55 4.05 4.18 4.23 4.29 4.38 4.44 60 4.18 4.37 4.45 4.55 4.70 4.81 62 4.23 4.45 4.53 4.65 4.84 4.98 65 4.29 4.55 4.65 4.81 5.05 5.26 70 4.38 4.70 4.84 5.05 5.43 5.77 75 4.44 4.81 4.98 5.26 5.77 6.32 Values not shown will be made until the earlier of the Annuity Start Date or termination of the Contract. * A Death Benefit may be paid prior to the Annuity Start Date according to the contract provisions. * Annuity Payments begin on the Annuity Start Date using the method as specified in this Contract. * This is a participating Contract. ALL PAYMENTS AND VALUES PROVIDED BY THIS CONTRACT, WHEN BASED ON THE INVESTMENT EXPERIENCE OF THE VARIABLE ACCOUNT, ARE VARIABLE AND THESE DOLLAR AMOUNTS ARE NOT GUARANTEED. (SEE "CONTRACT VALUE AND EXPENSE PROVISIONS" AND "ANNUITY PAYMENT PROVISIONS" FOR DETAILSprovided upon request.) [SBL LOGO] Security Benefit Life Insurance Company A Member of The Security Benefit Group of Companies 700 Xxxxxxxx, Topeka, KS 66636-0001 0-000-000-0000 00-00000-00 BP 602004 ENDORSEMENT FOR ANNUITY POLICY LOAN PROVISION INTRODUCTION AND REQUIREMENTS FOR A LOAN:

FIXED PAYMENT OPTION. This option provides a fixed payment amount. This amount is paid until the initial amount applied, including daily interest adjustments, is paid. If the Contract Value is held in the Fixed Account, then the number of payments will vary as a result of the interest rate (as adjusted periodically) credited on the Fixed Account. If the Contract Value is held in the Variable Account, then the number of payments will vary as a result of the investment performance of the specific Sub-Accounts chosen. If all the Annuitants dies before receiving all the payments, any remaining payments will be made to the Designated Beneficiary. 00-00000-00 BP 602081 -------------------------------------------------------------------------------- ANNUITY OPTION RATES -------------------------------------------------------------------------------- SINGLE LIFE INCOME OPTIONS Table A - Monthly Payments for a fixed term and afterwards as long as the Annuitant lives per $1,000 of benefit amount -------------------------------------------------------------------------------- GUARANTEED MONTHLY PAYMENTS -------------------------------------------------------------------------------- Age of Payee 0 60 120 180 240 Unit 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. -------------------------------------------------------------------------------- JOINT & LAST SURVIVOR 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 Option 1, 2, 3, or 4 available at ages 40 through 80. 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. 00-00000-00 V 6020 I (3-93) BP 60209 PARKSTONE VARIABLE ANNUITY A BRIEF DESCRIPTION OF THIS CONTRACT This is a FLEXIBLE PURCHASE PAYMENT DEFERRED VARIABLE ANNUITY CONTRACT * Purchase Payments may be made until the earlier of the Annuity Start Date or termination of the Contract. * A Death Benefit may be paid prior to the Annuity Start Date according to the contract provisions. * Annuity Payments begin on the Annuity Start Date using the method as specified in this Contract. * This is a participating Contract. ALL PAYMENTS AND VALUES PROVIDED BY THIS CONTRACT, WHEN BASED ON THE INVESTMENT EXPERIENCE OF THE VARIABLE ACCOUNT, ARE VARIABLE AND THESE DOLLAR AMOUNTS ARE NOT GUARANTEED. (SEE "CONTRACT VALUE AND EXPENSE PROVISIONS" AND "ANNUITY PAYMENT PROVISIONS" FOR DETAILS.) [SBL LOGO] Security Benefit Life Insurance Company A Member of The Security Benefit Group of Companies 700 Xxxxxxxx, Topeka, KS 66636-0001 0-000-000-0000 00-00000-00 BP 602004 ENDORSEMENT FOR 602PP4 PARKSTONE VARIABLE ANNUITY POLICY LOAN PROVISION INTRODUCTION AND REQUIREMENTS FOR A LOAN:ANNUITY CONTRACT THE COMPANY'S PROMISE In consideration for the Purchase Payments and the attached application, Security Benefit Life Insurance Company will pay the benefits of this Contract according to its provisions.

FIXED PAYMENT OPTION. This option provides a fixed payment amount. This amount is paid until the initial amount applied, including daily interest adjustments, is paid. If the Contract Value is held in the Fixed Account, then the number of payments will vary as a result of the interest rate (as adjusted periodically) credited on the Fixed Account. This rate is guaranteed to be no less than the Guaranteed Rate shown on page 3. If the Contract Value is held in the Variable Separate Account, then the number of payments will vary as a result of the investment performance of the specific Sub-Accounts Subaccounts chosen. If all the Annuitants dies die before receiving all the payments, any remaining payments will be made to the Designated Beneficiary. 00V6022 I (10-00000-00 BP 602081 94) ANNUITY TABLES -------------------------------------------------------------------------------- ANNUITY OPTION RATES -------------------------------------------------------------------------------- SINGLE LIFE INCOME TABLE A SETTLEMENT OPTIONS Table A - Monthly Payments for a fixed term and afterwards as long as the Annuitant lives per ONE, TWO, AND THREE MINIMUM INITIAL MONTHLY INSTALLMENTS PER $1,000 OF AMOUNT APPLIED Option Two Adjusted Option One Year Fixed Period Ends Option Three Age Life 5 10 15 20 Unit of benefit amount GUARANTEED MONTHLY PAYMENTS Annuitant Only Years Years Years Years Refund -------------------------------------------------------------------------------- Age of Payee 0 60 120 180 240 Unit 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 4.99 4.97 4.95 4.90 4.91 4.80 4.66 4.73 62 56 5.09 5.07 5.05 5.00 4.89 4.88 4.72 4.82 63 5.19 4.81 57 5.20 5.17 5.10 4.97 4.79 4.78 4.90 64 5.31 58 5.32 5.29 5.20 5.06 5.05 4.85 5.00 65 4.99 59 5.44 5.41 5.32 5.15 4.92 5.09 5.31 5.14 4.91 5.08 60 5.57 5.53 5.42 5.23 4.97 5.18 61 5.71 5.67 5.54 5.33 5.04 5.29 62 5.86 5.81 5.67 5.42 5.10 5.40 63 6.02 5.97 5.80 5.52 5.16 5.51 64 6.20 6.13 5.94 5.62 5.22 5.63 65 6.38 6.31 6.08 5.72 5.28 5.76 66 5.58 6.58 6.49 6.23 5.82 5.33 5.90 67 6.79 6.69 6.38 5.92 5.38 6.04 68 7.02 6.90 6.54 6.02 5.43 6.19 69 7.26 7.12 6.71 6.12 5.48 6.35 70 7.52 7.35 6.87 6.21 5.52 6.52 71 7.80 7.60 7.05 6.30 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 6.69 72 8.09 7.86 7.22 6.39 5.59 6.88 73 8.41 8.13 7.40 6.47 5.62 7.07 74 8.75 8.42 7.57 6.55 5.64 5.23 7.27 75 9.12 8.72 7.75 6.62 5.66 7.49 FEMALE 55 4.11 4.11 4.10 4.08 4.05 4.05 4.54 4.53 4.51 4.46 4.38 4.40 56 4.17 4.17 4.16 4.14 4.10 4.10 4.62 4.61 4.58 4.53 4.44 4.47 57 4.23 4.23 4.22 4.19 4.15 4.15 4.71 4.70 4.66 4.60 4.51 4.54 58 4.30 4.29 4.28 4.25 4.21 4.21 4.80 4.79 4.75 4.68 4.57 4.62 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 4.90 4.88 4.87 4.84 4.76 4.65 4.71 66 4.64 4.70 60 5.00 4.99 4.98 4.93 4.85 4.72 4.80 67 5.10 4.84 4.70 4.78 61 5.11 5.09 5.04 4.94 4.79 4.89 68 5.03 4.93 4.77 4.87 62 5.23 5.21 5.15 5.04 4.86 4.99 5.14 5.02 4.84 4.96 63 5.36 5.33 5.25 5.12 4.91 5.06 64 5.49 5.46 5.37 5.21 4.98 5.17 65 5.64 5.60 5.50 5.31 5.05 5.28 66 5.79 5.75 5.63 5.42 5.12 5.39 67 5.95 5.91 5.77 5.53 5.19 5.52 68 6.13 6.08 5.91 5.63 5.25 5.65 69 5.36 5.34 5.27 5.14 4.94 5.09 6.32 6.26 6.07 5.74 5.32 5.79 70 5.50 6.53 6.46 6.23 5.86 5.37 5.94 71 6.75 6.67 6.40 5.97 5.43 6.09 72 6.99 6.89 6.58 6.08 5.48 5.39 5.24 5.01 5.20 Rates 6.26 73 7.26 7.13 6.76 6.18 5.52 6.44 74 7.54 7.39 6.95 6.29 5.57 6.63 75 7.85 7.67 7.14 6.39 5.60 6.83 Values not shown will be provided on upon request. -------------------------------------------------------------------------------- JOINT & LAST SURVIVOR 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 Option 1, 2, 3, or 4 available at ages 40 through 80. Annual, semiannual, or quarterly payments installments can be determined from Table A or B by multiplying the monthly payments installments by 11.81285411.812853, 5.95722335.9572227, and 2.9914201, 2.9914196 respectively. 00-00000-00 V 6020 I (3-93) BP 60209 PARKSTONE VARIABLE ANNUITY -------------------------------------------------------------------------------- TABLE B SETTLEMENT OPTION FOUR MINIMUM INITIAL MONTHLY INSTALLMENT PER $1,000 OF AMOUNT APPLIED Adjusted Age of Adjusted Age of Male Annuitant Female Annuitant 55 60 62 65 70 75 -------------------------------------------------------------------------------- 55 4.16 4.27 4.30 4.35 4.42 4.47 60 4.34 4.51 4.57 4.66 4.78 4.86 62 4.41 4.61 4.68 4.79 4.94 5.04 65 4.51 4.76 4.85 4.99 5.20 5.35 70 4.66 4.99 5.13 5.34 5.67 5.95 75 4.78 5.19 5.37 5.66 6.16 6.63 Values not shown will be provided upon request. Annual, semiannual, or quarterly installments can be determined by multiplying the monthly installments by 11.812853, 5.9572227, and 2.9914196 respectively. A BRIEF DESCRIPTION OF THIS CONTRACT This is a FLEXIBLE PURCHASE PAYMENT PREMIUM DEFERRED VARIABLE ANNUITY CONTRACT CONTRACT. * Purchase Payments may be made until the earlier of the Annuity Start Date or termination of the Contract. * A Death Benefit may be paid prior to the Annuity Start Date according to the contract Contract provisions. * Annuity Payments begin on the Annuity Start Date using the method as specified in this Contract. * This Contract is a participating ContractParticipating. ALL PAYMENTS AND VALUES PROVIDED BY THIS CONTRACT, WHEN BASED ON THE INVESTMENT EXPERIENCE OF THE VARIABLE SEPARATE ACCOUNT, ARE VARIABLE AND THESE DOLLAR AMOUNTS MAY INCREASE OR DECREASE IN ACCORDANCE WITH THE INVESTMENT EXPERIENCE OF THE SEPARATE ACCOUNT. THERE ARE NOT GUARANTEEDNO GUARANTEED MINIMUM PAYMENTS OR CASH VALUES. (SEE "CONTRACT VALUE AND EXPENSE PROVISIONS" AND "ANNUITY PAYMENT PROVISIONS" FOR DETAILS.) [SBL LOGO] Security Benefit Life Insurance Company A Member of The Security Benefit Group of Companies 700 Xxxxxxxx, Topeka, KS 66636-0001 0-000-000-0000 00-00000-00 BP 602004 ENDORSEMENT FOR ANNUITY POLICY LOAN PROVISION INTRODUCTION AND REQUIREMENTS FOR A LOAN:)