Common use of JOINT AND CONTINGENT SURVIVOR OPTION Clause in Contracts

JOINT AND CONTINGENT SURVIVOR OPTION. This option provides Annuity Payments for the life of the primary Annuitant. Annuity Payments will be made to the primary Annuitant as long as he or she is living. Upon the death of the primary Annuitant, Annuity Payments will be made to the contingent Annuitant as long as he or she is living. If the contingent Annuitant is not living upon the death of the primary Annuitant, no further payments will be made. ANNUITY START AMOUNT The Annuity Start Amount is the amount applied to an Annuity Option on the Annuity Start Date. Any Annuity Start Amount allocated to the Fixed Account is applied to purchase a Fixed Annuity and that allocated to the Subaccounts is applied to purchase a Variable Annuity. The Annuity Start Amount is divided by $1,000, and the result is multiplied by the applicable amount in the Annuity Tables to determine the minimum guaranteed monthly Annuity Payment with respect to a Fixed Annuity or the first monthly Annuity Payment with respect to a Variable Annuity. The Annuity Start Amount is your Contract Value reduced by any Premium Taxes and pro-rata fees and charges. FIXED ANNUITY PAYMENTS With respect to Fixed Annuity Payments, the amount set forth in the Annuity Tables as adjusted for the rate of interest credited by SBL, is the amount of each monthly Annuity Payment for each Annuity Option. VARIABLE ANNUITY PAYMENTS With respect to Variable Annuity Payments, the amount set forth in the Annuity Tables, as adjusted for the Assumed Interest Rate, is the amount of the first monthly Annuity Payment for each Annuity Option. The amount of each Annuity Payment after the first for these options is computed by means of Annuity Units. Variable Annuity Payments will fluctuate with the performance of the Subaccount(s). ANNUITY TABLES The amounts set forth in the Annuity Tables for Annuity Options 1 through 4 and 6 depend on the sex (unless unisex rates apply) and age of the Annuitant or the Joint Annuitants on the Annuity Start Date. The Annuity Tables are modified to reflect: (1) the Assumed Interest Rate for Variable Annuity Payments; or (2) the rate of interest in effect on the Annuity Start Date for Fixed Annuity Payments. The rate of interest for Fixed Annuity Payments is guaranteed not to be less than the Guaranteed Minimum Interest Rate. The Annuity Tables contain the amount of monthly Annuity Payment per $1,000 of Annuity Start Amount. The Annuity Tables state values for the exact ages shown. The values will be interpolated based on the exact age(s) of the Annuitant or Joint Annuitants on the Annuity Start Date. The basis of the Annuity Tables for Options 1 through 4 and 6 and the Assumed Interest Rate are set forth in the Contract Specifications. The annuity rate offered will not be less favorable than the rate SBL offers at that time on any new single premium immediate annuity contract at purchase rates offered to the same class of annuitants. The Annuity Table for Option 5 is determined without reference to the age or sex of the Annuitant and is based upon the Assumed Interest Rate for Variable Annuity Payments or the Guaranteed Minimum Interest Rate for Fixed Annuity Payments. The Annuity Tables are used in accordance with generally accepted actuarial principles. ANNUITY PAYMENTS No Annuity Option can be selected that requires SBL to make Annuity Payments less than the Minimum Systematic Withdrawal amount set forth in the Contract Specifications. Each Annuity Option allows for making Annuity Payments annually, semiannually, quarterly or monthly. Annuity Payments due on a date other than a Valuation Date are paid as of the end of the next following Valuation Date.

JOINT AND CONTINGENT SURVIVOR OPTION. This option provides Annuity Payments for the life of the primary Annuitant. Annuity Payments will be made to the primary Annuitant as long as he or she is living. Upon the death of the primary Annuitant, Annuity Payments will be made to the contingent Annuitant as long as he or she is living. If the contingent Annuitant is not living upon the death of the primary Annuitant, no further payments will be made. V6029B (11-00)U 20 ANNUITY START AMOUNT The Annuity Start Amount is the amount applied to an Annuity Option on the Annuity Start Date. Any Annuity Start Amount allocated to the Fixed Account is applied to purchase a Fixed Annuity and that allocated to the Subaccounts is applied to purchase a Variable Annuity. The For Annuity Options 1 through 4, 7 and 8, the Annuity Start Amount is divided by $1,000, and the result is multiplied by the applicable amount in the Annuity Tables to determine the minimum guaranteed monthly Annuity Payment with respect to a Fixed Annuity or the first monthly Annuity Payment with respect to a Variable Annuity. The Annuity Start Amount is your Contract Value reduced by any Premium Taxes and pro-rata fees and charges. FIXED ANNUITY PAYMENTS With respect to Fixed Annuity Payments, the amount set forth in the Annuity Tables as adjusted for the rate of interest credited by SBL, is the amount of each monthly Annuity Payment for each Annuity OptionOptions 1 through 4, 7 and 8. VARIABLE ANNUITY PAYMENTS For Options 5 through 7, Fixed Annuity Payments are based on Contract Value. With respect to Variable Annuity Payments, the amount set forth in the Annuity Tables, as adjusted for the Assumed Interest Rate, is the amount of the first FIRST monthly Annuity Payment for each Annuity OptionOptions 1 through 4, 7 and 8. The amount of each Annuity Payment after the first for these options is computed by means of Annuity Units. For Options 5 through 7, Variable Annuity Payments are based on Contract Value. Variable Annuity Payments will fluctuate with the performance of the Subaccount(s). ANNUITY TABLES The amounts set forth in the Annuity Tables for Annuity Options 1 through 4 and 6 depend on the sex (unless unisex rates apply) and age of the Annuitant or the Joint Annuitants on the Annuity Start Date. The Annuity Tables are modified to reflect: (1) the Assumed Interest Rate for Variable Annuity Payments; or (2) the rate of interest in effect on the Annuity Start Date for Fixed Annuity Payments. The rate of interest for Fixed Annuity Payments is guaranteed not to be less than the Guaranteed Minimum Interest Rate. The Annuity Tables contain the amount of monthly Annuity Payment per $1,000 of Annuity Start Amount. The Annuity Tables state values for the exact ages shown. The values will be interpolated based on the exact age(s) of the Annuitant or Joint Annuitants on the Annuity Start Date. The basis of the Annuity Tables for Options 1 through 4 and 6 and the Assumed Interest Rate are set forth in the Contract Specifications. The annuity rate offered will not be less favorable than the rate SBL offers at that time on any new single premium immediate annuity contract at purchase rates offered to the same class of annuitants. The Annuity Table for Option 5 is determined without reference to the age or sex of the Annuitant and is based upon the Assumed Interest Rate for Variable Annuity Payments or the Guaranteed Minimum Interest Rate for Fixed Annuity Payments. The Annuity Tables are used in accordance with generally accepted actuarial principles. ANNUITY PAYMENTS No Annuity Option can be selected that requires SBL to make Annuity Payments less than the Minimum Systematic Withdrawal amount set forth in the Contract Specifications. Each Annuity Option allows for making Annuity Payments annually, semiannually, quarterly or monthly. Annuity Payments due on a date other than a Valuation Date are paid as of the end of the next following Valuation Date.

JOINT AND CONTINGENT SURVIVOR OPTION. This option provides Annuity Payments for the life of the primary Annuitant. Annuity Payments will be made to the primary Annuitant as long as he or she is living. Upon the death of the primary Annuitant, Annuity Payments will be made to the contingent Annuitant as long as he or she is living. If the contingent Annuitant is not living upon the death of the primary Annuitant, no further payments will be made. V6029B (8-00)U 20 ANNUITY START AMOUNT The Annuity Start Amount is the amount applied to an Annuity Option on the Annuity Start Date. Any Annuity Start Amount allocated to the Fixed Account is applied to purchase a Fixed Annuity and that allocated to the Subaccounts is applied to purchase a Variable Annuity. The For Annuity Options 1 through 4, 7 and 8, the Annuity Start Amount is divided by $1,000, and the result is multiplied by the applicable amount in the Annuity Tables to determine the minimum guaranteed monthly Annuity Payment with respect to a Fixed Annuity or the first monthly Annuity Payment with respect to a Variable Annuity. The Annuity Start Amount is your Contract Value reduced by any Premium Taxes and pro-rata fees and charges. FIXED ANNUITY PAYMENTS With respect to Fixed Annuity Payments, the amount set forth in the Annuity Tables as adjusted for the rate of interest credited by SBL, is the amount of each monthly Annuity Payment for each Annuity OptionOptions 1 through 4, 7 and 8. VARIABLE ANNUITY PAYMENTS For Options 5 through 7, Fixed Annuity Payments are based on Contract Value. With respect to Variable Annuity Payments, the amount set forth in the Annuity Tables, as adjusted for the Assumed Interest Rate, is the amount of the first FIRST monthly Annuity Payment for each Annuity OptionOptions 1 through 4, 7 and 8. The amount of each Annuity Payment after the first for these options is computed by means of Annuity Units. For Options 5 through 7, Variable Annuity Payments are based on Contract Value. Variable Annuity Payments will fluctuate with the performance of the Subaccount(s). ANNUITY TABLES The amounts set forth in the Annuity Tables for Annuity Options 1 through 4 and 6 depend on the sex (unless unisex rates apply) and age of the Annuitant or the Joint Annuitants on the Annuity Start Date. The Annuity Tables are modified to reflect: (1) the Assumed Interest Rate for Variable Annuity Payments; or (2) the rate of interest in effect on the Annuity Start Date for Fixed Annuity Payments. The rate of interest for Fixed Annuity Payments is guaranteed not to be less than the Guaranteed Minimum Interest Rate. The Annuity Tables contain the amount of monthly Annuity Payment per $1,000 of Annuity Start Amount. The Annuity Tables state values for the exact ages shown. The values will be interpolated based on the exact age(s) of the Annuitant or Joint Annuitants on the Annuity Start Date. The basis of the Annuity Tables for Options 1 through 4 and 6 and the Assumed Interest Rate are set forth in the Contract Specifications. The annuity rate offered will not be less favorable than the rate SBL offers at that time on any new single premium immediate annuity contract at purchase rates offered to the same class of annuitants. The Annuity Table for Option 5 is determined without reference to the age or sex of the Annuitant and is based upon the Assumed Interest Rate for Variable Annuity Payments or the Guaranteed Minimum Interest Rate for Fixed Annuity Payments. The Annuity Tables are used in accordance with generally accepted actuarial principles. ANNUITY PAYMENTS No Annuity Option can be selected that requires SBL to make Annuity Payments less than the Minimum Systematic Withdrawal amount set forth in the Contract Specifications. Each Annuity Option allows for making Annuity Payments annually, semiannually, quarterly or monthly. Annuity Payments due on a date other than a Valuation Date are paid as of the end of the next following Valuation Date.

JOINT AND CONTINGENT SURVIVOR OPTION. This option provides Annuity Payments for the life of the primary Annuitant. Annuity Payments will be made to the primary Annuitant as long as he or she is living. Upon the death of the primary Annuitant, Annuity Payments will be made to the contingent Annuitant as long as he or she is living. If the contingent Annuitant is not living upon the death of the primary Annuitant, no further payments will be made. ANNUITY START AMOUNT The Annuity Start Amount is the amount applied to an Annuity Option on the Annuity Start Date. Any Annuity Start Amount allocated to the Fixed Account is applied to purchase a Fixed Annuity and that allocated to the Subaccounts is applied to purchase a Variable Annuity. The For Annuity Options 1 through 4, 7 and 8, the Annuity Start Amount is divided by $1,000, and the result is multiplied by the applicable amount in the Annuity Tables to determine the minimum guaranteed monthly Annuity Payment with respect to a Fixed Annuity or the first monthly Annuity Payment with respect to a Variable Annuity. The Annuity Start Amount is your Contract Value reduced by any Premium Taxes and pro-rata fees and charges. FIXED ANNUITY PAYMENTS With respect to Fixed Annuity Payments, the amount set forth in the Annuity Tables as adjusted for the rate of interest credited by SBL, is the amount of each monthly Annuity Payment for each Annuity OptionOptions 1 through 4, 7 and 8. VARIABLE ANNUITY PAYMENTS For Options 5 through 7, Fixed Annuity Payments are based on Contract Value. With respect to Variable Annuity Payments, the amount set forth in the Annuity Tables, as adjusted for the Assumed Interest Rate, is the amount of the first FIRST monthly Annuity Payment for each Annuity OptionOptions 1 through 4, 7 and 8. The amount of each Annuity Payment after the first for these options is computed by means of Annuity Units. For Options 5 through 7, Variable Annuity Payments are based on Contract Value. Variable Annuity Payments will fluctuate with the performance of the Subaccount(s). ANNUITY TABLES The amounts set forth in the Annuity Tables for Annuity Options 1 through 4 and 6 depend on the sex (unless unisex rates apply) and age of the Annuitant or the Joint Annuitants on the Annuity Start Date. The Annuity Tables are modified to reflect: (1) the Assumed Interest Rate for Variable Annuity Payments; or (2) the rate of interest in effect on the Annuity Start Date for Fixed Annuity Payments. The rate of interest for Fixed Annuity Payments is guaranteed not to be less than the Guaranteed Minimum Interest Rate. The Annuity Tables contain the amount of monthly Annuity Payment per $1,000 of Annuity Start Amount. The Annuity Tables state values for the exact ages shown. The values will be interpolated based on the exact age(s) of the Annuitant or Joint Annuitants on the Annuity Start Date. The basis of the Annuity Tables for Options 1 through 4 and 6 and the Assumed Interest Rate are set forth in the Contract Specifications. The annuity rate offered will not be less favorable than the rate SBL offers at that time on any new single premium immediate annuity contract at purchase rates offered to the same class of annuitants. The Annuity Table for Option 5 is determined without reference to the age or sex of the Annuitant and is based upon the Assumed Interest Rate for Variable Annuity Payments or the Guaranteed Minimum Interest Rate for Fixed Annuity Payments. The Annuity Tables are used in accordance with generally accepted actuarial principles. ANNUITY PAYMENTS No Annuity Option can be selected that requires SBL to make Annuity Payments less than the Minimum Systematic Withdrawal amount set forth in the Contract Specifications. Each Annuity Option allows for making Annuity Payments annually, semiannually, quarterly or monthly. Annuity Payments due on a date other than a Valuation Date are paid as of the end of the next following Valuation Date.