Common use of NET INVESTMENT FACTOR Clause in Contracts

NET INVESTMENT FACTOR. The Net Investment Factor for any Subaccount as of the end of any Valuation Period is determined by dividing (1) by (2) and subtracting (3) from the result, where: is equal to: the net asset value per share of the mutual fund held in the Subaccount, found as of the end of the current Valuation Period; plus the per share amount of any dividend or capital gain distributions paid by the Subaccount's underlying mutual fund that is not included in the net asset value per share; plus or minus c. a per share charge or credit for any taxes reserved for, which SBL deems to have resulted from the operation of the Separate Account or the Subaccounts; operations of SBL with respect to the Contract; or the payment of premiums or acquisition costs under the Contract. is the net asset value per share of the Subaccount's underlying mutual fund as of the end of the prior Valuation Period. is a daily factor which is deducted from the Separate Account representing the Minimum Charge for mortality and expense risk and the Administration Charge. The Accumulation Unit Value may increase or decrease from one Valuation Period to the next. The number of Accumulation Units allocated to a Subaccount under this Contract is found by dividing: the amount allocated to, or deducted from, the Subaccount; by the Accumulation Unit Value for the Subaccount as of the end of the Valuation Period during which the amount is allocated or deducted under the Contract. The number of Accumulation Units allocated to a Subaccount under the Contract will not change as a result of investment experience. Events that change the number of Accumulation Units are: Purchase Payments that are applied to the Subaccount; Contract Value that is Transferred into or out of the Subaccount; Withdrawals and applicable Withdrawal Charges that are deducted from the Subaccount; Annuity Payments made from the Subaccount under Annuity Options 5 and 6; Annuity Start Amount applied from the Subaccount to one of Annuity Options 1 through 4, 7 or 8; Premium tax and Account Charges that are deducted from the Subaccount; and Reinvestment of dividends that are paid by the Subaccount. SBL will deduct a Mortality and Expense Risk Charge as shown on the Contract Data page against your Contract Value held in the Subaccounts. This charge is guaranteed not to increase. SBL will deduct a charge for Riders as shown on the Contract Data page against your Contract Value held in the Subaccounts. This charge will be deducted from Current Interest with respect to your Contract Value held in the Fixed Account. The amount of the charge for Riders is based upon the Riders selected by the Owner on the application or as otherwise permitted by SBL. The charge for any Rider is guaranteed not to increase after it has been issued. You may not select Riders with a total charge that exceeds the Maximum Rider Charge set forth on the Contract Data page.

NET INVESTMENT FACTOR. The Net Investment Factor for any Subaccount as of the end of any Valuation Period is determined by dividing (1) by (2) and subtracting (3) from the result, where: is equal to: the net asset value per share of the mutual fund held in the Subaccount, found as of the end of the current Valuation Period; plus the per share amount of any dividend or capital gain distributions paid by the Subaccount's underlying mutual fund that is not included in the net asset value per share; plus or minus c. a per share charge or credit for any taxes reserved for, which SBL deems to have resulted from the operation of the Separate Account or the Subaccounts; operations of SBL with respect to the Contract; or the payment of premiums or acquisition costs under the Contract. is the net asset value per share of the Subaccount's underlying mutual fund as of the end of the prior Valuation Period. is a daily factor which is deducted from the Separate Account representing the Minimum Charge for mortality and expense risk and the Administration Charge. The Accumulation Unit Value may increase or decrease from one Valuation Period to the next. The number of Accumulation Units allocated to a Subaccount under this Contract is found by dividing: the amount allocated to, or deducted from, the Subaccount; by the Accumulation Unit Value for the Subaccount as of the end of the Valuation Period during which the amount is allocated or deducted under the Contract. The number of Accumulation Units allocated to a Subaccount under the Contract will not change as a result of investment experience. Events that change the number of Accumulation Units are: Purchase Payments that are applied to the Subaccount; Contract Value that is Transferred into or out of the Subaccount; Withdrawals and applicable Withdrawal Charges that are deducted from the Subaccount; Annuity Payments made from the Subaccount under Annuity Options 5 and 6; Annuity Start Amount applied from the Subaccount to one of Annuity Options 1 through 4, 7 or 8; Premium tax and Account Charges that are deducted from the Subaccount; and Reinvestment of dividends that are paid by the Subaccount. SBL will deduct a Mortality and Expense Risk Charge as shown on the Contract Data page against your Contract Value held in the Subaccounts. This charge is guaranteed not to increase. SBL will deduct a charge for Riders as shown on the Contract Data page against your Contract Value held in the Subaccounts. This charge will be deducted from Current Interest with respect to your Contract Value held in the Fixed Account. The amount of the charge for Riders is based upon the Riders selected by the Owner on the application or as otherwise permitted by SBL. The charge for any Rider is guaranteed not to increase after it has been issued. You may not select Riders with a total charge that exceeds the Maximum Rider Charge set forth on the Contract Data page.

NET INVESTMENT FACTOR. The Net Investment Factor for any Subaccount as of the end of On any Valuation Period is determined by dividing (Day, the net investment factor for a Division is: 1) by (2) and subtracting (3) from the result, where: is equal to: . the net asset value per share of the mutual fund underlying Mutual Fund shares held in the Subaccount, found as of by that Division at the end of the current such Valuation Period; Day before any contract transactions are made on that day plus the per share amount of any dividend or capital gain distributions paid other distribution made by the Subaccount's underlying mutual fund that is not included in such Mutual Fund during such Valuation Day; divided by 2. the net asset value per share; plus or minus c. a per share charge or credit for any taxes reserved for, which SBL deems to have resulted from the operation of the Separate Account or the Subaccounts; operations of SBL with respect to the Contract; or the payment of premiums or acquisition costs under the Contract. is the net asset value per share of the Subaccount's underlying mutual fund as of Mutual Fund shares held by that Division at the end of the prior immediately preceding Valuation PeriodDay after all contract transactions were made for that day; minus 3. is a separate account administration charge; minus 4. a mortality and expense risks charge. The charges in 3. and 4. above accrue daily factor which is and will be deducted from the Separate Account representing at Our discretion. We reserve the Minimum Charge for mortality and expense risk and the Administration Charge. The Accumulation Unit Value may increase or decrease from one Valuation Period right to the next. The number of Accumulation Units allocated to a Subaccount under this Contract is found by dividing: the amount allocated to, or deducted from, the Subaccount; by the Accumulation Unit Value for the Subaccount as of the end of the Valuation Period during which the amount is allocated or deducted under the Contract. The number of Accumulation Units allocated to a Subaccount under the Contract will not change as a result of investment experience. Events that change the number of Accumulation Units are: Purchase Payments that are applied to the Subaccount; Contract Value that is Transferred into or out of the Subaccount; Withdrawals and applicable Withdrawal Charges that are deducted from the Subaccount; Annuity Payments made from the Subaccount under Annuity Options 5 and 6; Annuity Start Amount applied from the Subaccount to one of Annuity Options 1 through 4, 7 or 8; Premium tax and Account Charges that are deducted from the Subaccount; and Reinvestment of dividends that are paid by the Subaccount. SBL will deduct a Mortality and Expense Risk Charge separate account administration charge as shown on the Contract Data page Page. We reserve the right to adjust the above formula for any taxes determined by Us to be attributable to the operations of the Division. SEPARATE ACCOUNT SEPARATE ACCOUNT ASSETS Assets are put into the Separate Account Divisions to support this contract and to support other variable annuity contracts We may offer. We own the assets of the Separate Account. These assets are not part of Our general account. Income, gains and losses of the Separate Account Divisions, whether or not realized, are credited to or charged against your Contract Value held in the SubaccountsSeparate Account Divisions' assets, without regard to Our other income, gains or losses. This charge is guaranteed not to increase. SBL will deduct a charge for Riders as shown on The assets of the Contract Data page against your Contract Value held in the Subaccounts. This charge Separate Account will be deducted from Current Interest available to cover the liabilities of Our general account only to the extent that the Separate Account assets exceed its liabilities. SEPARATE ACCOUNT DIVISIONS We reserve the right to add other Divisions, eliminate or combine existing Divisions, or transfer assets in one Division to another. If shares of a Mutual Fund are no longer available for investment, or in Our judgment investment in a Mutual Fund becomes inappropriate considering the purpose of the Separate Account, We may eliminate the shares of a Mutual Fund or a class of shares of a Mutual Fund and substitute shares of another Mutual Fund or another class of a Mutual Fund. Substitution may be made with respect to your Contract Value held both existing investments and the investment of future premium payments. However, no such changes will be made without notifying You and getting any required approval from the appropriate state and/or federal regulatory authorities. If We eliminate or combine existing Divisions, or transfer assets in one Division to another, You may change Your allocation percentages and transfer any value in the Fixed Account. The amount of the charge for Riders is based upon the Riders selected by the Owner on the application eliminated or as otherwise permitted by SBL. The charge for any Rider is guaranteed not combined Divisions to increase after it has been issuedother Divisions. You may not select Riders with exercise this right until the later of 60 days after: 1. the effective date of such change; or 2. the date You receive notice of this right. You may exercise this right at no charge only if You have an interest in the affected Divisions. TRANSFERS TRANSFERS ALLOWED You may transfer amounts between the Investment Options as provided below. To request a total charge transfer, You must provide Us Notice. If We receive Your request prior to the close of the NYSE, the transfer is made and Division Values will be determined as of that exceeds day. Requests received after the Maximum Rider Charge set forth on close of the Contract Data pageNYSE will be processed and Division Values will be determined as of the next Valuation Day.

NET INVESTMENT FACTOR. The Net Investment Factor for any Subaccount as of the end of any Valuation Period is determined by dividing (1) by (2) and subtracting (3) from the result, where: is equal to: the net asset value per share of the mutual fund held in the Subaccount, found as of the end of the current Valuation Period; plus the per share amount of any dividend or capital gain distributions paid by the Subaccount's underlying mutual fund that is not included in the net asset value per share; plus or minus c. a per share charge or credit for any taxes reserved for, which SBL FSBL deems to have resulted from the operation of the Separate Account or the Subaccounts; operations of SBL FSBL with respect to the Contract; or the payment of premiums or acquisition costs under the Contract. is the net asset value per share of the Subaccount's underlying mutual fund as of the end of the prior Valuation Period. is a daily factor which is deducted from the Separate Account representing the Minimum Base Charge for mortality and expense risk and the Administration Charge. The Accumulation Unit Value may increase or decrease from one Valuation Period to the next. The number of Accumulation Units allocated to a Subaccount under this Contract is found by dividing: the amount allocated to, or deducted from, the Subaccount; by the Accumulation Unit Value for the Subaccount as of the end of the Valuation Period during which the amount is allocated or deducted under the Contract. The number of Accumulation Units allocated to a Subaccount under the Contract will not change as a result of investment experience. Events that change the number of Accumulation Units are: Purchase Payments that are applied to the Subaccount; Contract Value that is Transferred into or out of the Subaccount; Withdrawals and applicable Withdrawal Charges that are deducted from the Subaccount; Annuity Payments made from the Subaccount under Annuity Options 5 and 6; Annuity Start Amount applied from the Subaccount to one of Annuity Options 1 through 4, 7 or 86; Premium tax and Account Charges that are deducted from the Subaccount; and Reinvestment of dividends Subaccount Adjustments that are paid by the Subaccount. SBL will deduct a Mortality and Expense Risk Charge as shown on the Contract Data page against your Contract Value held in the Subaccounts. This charge is guaranteed not to increase. SBL will deduct a charge for Riders as shown on the Contract Data page against your Contract Value held in the Subaccounts. This charge will be deducted from Current Interest with respect to your Contract Value held in the Fixed Account. The amount of the charge for Riders is based upon the Riders selected by the Owner on the application or as otherwise permitted by SBL. The charge for any Rider is guaranteed not to increase after it has been issued. You may not select Riders with a total charge that exceeds the Maximum Rider Charge set forth on the Contract Data page.

NET INVESTMENT FACTOR. The Net Investment Factor for any Subaccount as of the end of On any Valuation Period is determined by dividing (Day, the net investment factor for a Division is: 1) by (2) and subtracting (3) from the result, where: is equal to: . the net asset value per share of the mutual fund underlying Mutual Fund shares held in the Subaccount, found as of by that Division at the end of the current such Valuation Period; Day before any contract transactions are made on that day plus the per share amount of any dividend or capital gain distributions paid other distribution made by the Subaccount's underlying mutual fund that is not included in such Mutual Fund during such Valuation Day; divided by 2. the net asset value per share; plus or minus c. a per share charge or credit for any taxes reserved for, which SBL deems to have resulted from the operation of the Separate Account or the Subaccounts; operations of SBL with respect to the Contract; or the payment of premiums or acquisition costs under the Contract. is the net asset value per share of the Subaccount's underlying mutual fund as of Mutual Fund shares held by that Division at the end of the prior immediately preceding Valuation PeriodDay after all contract transactions were made for that day; minus 3. is a Separate Account Administration Charge*; minus 4. a Mortality and Expense Risks Charge*. The charges in 3. and 4. above accrue daily factor which is and will be deducted from the Separate Account representing at Our discretion. We reserve the Minimum Charge right to adjust the above formula for mortality and expense risk and the Administration Charge. The Accumulation Unit Value may increase or decrease from one Valuation Period any taxes determined by Us to be attributable to the next. The number of Accumulation Units allocated to a Subaccount under this Contract is found by dividing: the amount allocated to, or deducted from, the Subaccount; by the Accumulation Unit Value for the Subaccount as operations of the end of Division. *We reserve the Valuation Period during which the amount is allocated or deducted under the Contract. The number of Accumulation Units allocated right to a Subaccount under the Contract will not change as a result of investment experience. Events that change the number of Accumulation Units are: Purchase Payments that are applied to Separate Account Administration Charge and/or the Subaccount; Contract Value that is Transferred into or out of the Subaccount; Withdrawals and applicable Withdrawal Charges that are deducted from the Subaccount; Annuity Payments made from the Subaccount under Annuity Options 5 and 6; Annuity Start Amount applied from the Subaccount to one of Annuity Options 1 through 4, 7 or 8; Premium tax and Account Charges that are deducted from the Subaccount; and Reinvestment of dividends that are paid by the Subaccount. SBL will deduct a Mortality and Expense Risk Risks Charge as shown on the Contract Data page Page. SEPARATE ACCOUNT SEPARATE ACCOUNT ASSETS Assets are put into the Separate Account Divisions to support this contract and to support other variable annuity contracts We may offer. We own the assets of the Separate Account. These assets are not part of Our general account. Income, gains and losses of the Separate Account Divisions, whether or not realized, are credited to or charged against your Contract Value held in the SubaccountsSeparate Account Divisions' assets, without regard to Our other income, gains or losses. This charge is guaranteed not to increase. SBL will deduct a charge for Riders as shown on The assets of the Contract Data page against your Contract Value held in the Subaccounts. This charge Separate Account will be deducted from Current Interest available to cover the liabilities of Our general account only to the extent that the Separate Account assets exceed its liabilities. SEPARATE ACCOUNT DIVISIONS We reserve the right to add other Divisions, eliminate or combine existing Divisions, or transfer assets in one Division to another. If shares of a Mutual Fund are no longer available for investment, or in Our judgment investment in a Mutual Fund becomes inappropriate considering the purpose of the Separate Account, We may eliminate the shares of a Mutual Fund or a class of shares of a Mutual Fund and substitute shares of another Mutual Fund or another class of a Mutual Fund. Substitution may be made with respect to your Contract Value held both existing investments and the investment of future premium payments. However, no such changes will be made without notifying You and getting any required approval from the appropriate state and/or federal regulatory authorities. If We eliminate or combine existing Divisions, or transfer assets in one Division to another, You may change Your allocation percentages and transfer any value in the Fixed Account. The amount of the charge for Riders is based upon the Riders selected by the Owner on the application eliminated or as otherwise permitted by SBL. The charge for any Rider is guaranteed not combined Divisions to increase after it has been issuedother Divisions. You may not select Riders with a total exercise this right until the later of 60 days after: 1. the effective date of such change; or 2. the date You receive Notice of this right. You may exercise this right at no charge that exceeds only if You have an interest in the Maximum Rider Charge set forth on the Contract Data page.affected Divisions. TRANSFERS

NET INVESTMENT FACTOR. The Net Investment Factor for any Subaccount as of the end of any Valuation Period is determined by dividing (1) by (2) and subtracting (3) from the result, where: is equal to: the net asset value per share of the mutual fund held in the Subaccount, found as of the end of the current Valuation Period; plus the per share amount of any dividend or capital gain distributions paid by the Subaccount's underlying mutual fund that is not included in the net asset value per share; plus or minus c. a per share charge or credit for any taxes reserved for, which SBL deems to have resulted from the operation of the Separate Account or the Subaccounts; operations of SBL with respect to the Contract; or the payment of premiums or acquisition costs under the Contract. is the net asset value per share of the Subaccount's underlying mutual fund as of the end of the prior Valuation Period. is a daily factor which is deducted from the Separate Account representing the Minimum Charge for mortality and expense risk and the Administration Charge. The Accumulation Unit Value may increase or decrease from one Valuation Period to the next. The number of Accumulation Units allocated to a Subaccount under this Contract is found by dividing: the amount allocated to, or deducted from, the Subaccount; by the Accumulation Unit Value for the Subaccount as of the end of the Valuation Period during which the amount is allocated or deducted under the Contract. The number of Accumulation Units allocated to a Subaccount under the Contract will not change as a result of investment experience. Events that change the number of Accumulation Units are: Purchase Payments that are applied to the Subaccount; Contract Value that is Transferred into or out of the Subaccount; Withdrawals and applicable Withdrawal Charges that are deducted from the Subaccount; Annuity Payments made from the Subaccount under Annuity Options 5 and 6; Annuity Start Amount applied from the Subaccount to one of Annuity Options 1 through 4, 7 or 8; Premium tax and Account Charges that are deducted from the Subaccount; and Reinvestment of dividends that are paid by the Subaccount. SBL will deduct a Mortality and Expense Risk Charge as shown on the Contract Data page against your Contract Value held in the Subaccounts. This charge is guaranteed not to increase. SBL will deduct a charge for Riders as shown on the Contract Data page against your Contract Value held in the Subaccounts. This charge will be deducted from Current Interest with respect to your Contract Value held in the Fixed Account. The amount of the charge for Riders is based upon the Riders selected by the Owner on the application or as otherwise permitted by SBL. The charge for any Rider is guaranteed not to increase after it has been issued. You may not select Riders with a total charge that exceeds the Maximum Rider Charge set forth on the Contract Data page.

NET INVESTMENT FACTOR. The Net Investment Factor for any Subaccount as of the end of any Valuation Period is determined by dividing (1) by (2) and subtracting (3) from the result, where: is equal to: the net asset value per share of the mutual fund held in the Subaccount, found as of the end of the current Valuation Period; plus the per share amount of any dividend or capital gain distributions paid by the Subaccount's underlying mutual fund that is not included in the net asset value per share; plus or minus c. a per share charge or credit for any taxes reserved for, which SBL FSBL deems to have resulted from the operation of the Separate Account or the Subaccounts; operations of SBL FSBL with respect to the Contract; or the payment of premiums or acquisition costs under the Contract. is the net asset value per share of the Subaccount's underlying mutual fund as of the end of the prior Valuation Period. is a daily factor which is deducted from the Separate Account representing the Minimum Base Charge for mortality and expense risk and the Administration Charge. The Accumulation Unit Value may increase or decrease from one Valuation Period to the next. The number of Accumulation Units allocated to a Subaccount under this Contract is found by dividing: the amount allocated to, or deducted from, the Subaccount; by the Accumulation Unit Value for the Subaccount as of the end of the Valuation Period during which the amount is allocated or deducted under the Contract. The number of Accumulation Units allocated to a Subaccount under the Contract will not change as a result of investment experience. Events that change the number of Accumulation Units are: Purchase Payments that are applied to the Subaccount; Contract Value that is Transferred into or out of the Subaccount; Withdrawals and applicable Withdrawal Charges that are deducted from the Subaccount; Annuity Payments made from the Subaccount under Annuity Options 5 and 6; Annuity Start Amount applied from the Subaccount to one of Annuity Options 1 through 4, 7 or 86; Premium tax and Account Charges that are deducted from the Subaccount; and Reinvestment of dividends Subaccount Adjustments that are paid by the Subaccount. SBL FSBL will deduct a Mortality and Expense Risk Charge as shown on the Contract Data page against your Contract Value held in the Subaccounts. This charge is guaranteed not to increase. SBL FSBL will deduct a charge for Riders as shown on the Contract Data page against your Contract Value held in the Subaccounts. This charge will be deducted from Current Interest with respect to your Contract Value held in the Fixed Account. The amount of the charge for Riders is based upon the Riders selected by the Owner on the application or as otherwise permitted by SBLFSBL. The charge for any Rider is guaranteed not to increase after it has been issued. You may not select Riders with a total charge that exceeds the Maximum Rider Charge set forth on the Contract Data page.

NET INVESTMENT FACTOR. The Net Investment Factor for any Subaccount as of the end of each Variable Sub-Account for any Valuation Period is determined by dividing the quotient of (1) divided by (2) and subtracting (3) from the result, where: is equal tothe net result of: the net asset value per of a Fund share of the mutual fund held in the Subaccount, found Variable Sub-Account determined as of the end of the current Valuation Period; , plus the per share amount of any dividend or capital gain distributions paid by the Subaccount's underlying mutual fund that is not included other distribution declared on Fund shares held in the net asset value per share; Variable Sub-Account if the "ex-dividend" date occurs during the Valuation Period, plus or minus c. a per share credit or charge or credit for with respect to any taxes reserved for by Us, or paid by Us if not previously reserved for, during the Valuation Period which SBL deems is determined by Us to have resulted from be attributable to the operation of the Separate Account or the SubaccountsVariable Sub-Account; operations of SBL with respect to the Contract; or the payment of premiums or acquisition costs under the Contract. and is the net asset value per of a Fund share of held in the Subaccount's underlying mutual fund Variable Sub-Account determined as of the end of the prior preceding Valuation Period. The Net Investment Factor may be greater or less than one. There will be no Monthly Deductions on and after the Anniversary on which the younger Insured is a daily factor which is deducted from the Separate Account representing the Minimum Charge for mortality and expense risk and the Administration ChargeAttained Age 100. The Accumulation Unit Value may increase or decrease from one Valuation Period to the next. The number of Accumulation Units allocated to a Subaccount under this Contract is found by dividing: the amount allocated to, or deducted from, the Subaccount; by the Accumulation Unit Value for the Subaccount as of the end of the Valuation Period during which the amount is allocated or deducted under the Contract. The number of Accumulation Units allocated to a Subaccount under the Contract will not change as a result of investment experience. Events that change the number of Accumulation Units are: Purchase Payments that are applied to the Subaccount; Contract Value that is Transferred into or out of the Subaccount; Withdrawals and applicable Withdrawal Charges that are deducted from the Subaccount; Annuity Payments made from the Subaccount under Annuity Options 5 and 6; Annuity Start Amount applied from the Subaccount to one of Annuity Options 1 through 4, 7 or 8; Premium tax and Account Charges that are deducted from the Subaccount; and Reinvestment of dividends that are paid by the Subaccount. SBL will deduct a Mortality and Expense Risk Charge is a percentage of the Account Value attributable to the Variable Sub-Accounts at the beginning of a Valuation Date including any Premium payments to be allocated to the Variable Sub-Accounts which are received on such Valuation Date. The percentage is shown in Section 1. The Charge is imposed monthly and, unless You direct otherwise, is deducted proportionally from the amounts in the Sub-Accounts in excess of the Policy Debt. The Monthly Expense Charge is shown in Section 1. Unless You direct otherwise, the Monthly Expense Charge deduction will be charged proportionately to the amounts in the Variable Sub-Accounts and the amount of the Fixed Account in excess of the Policy Debt. SVUL-2001 Page 16NY We deduct a Monthly Cost of Insurance from the Account Value to cover anticipated costs of providing insurance coverage. Unless you direct otherwise, the Monthly Cost of Insurance deduction will be charged proportionally to the amounts in the Variable Sub-Accounts and to the Fixed Account in excess of the Policy Debt. The Monthly Cost of Insurance equals the sum of (1) and (2) where is the cost of insurance equal to the Monthly Cost of Insurance rate (described below) multiplied by the net amount at risk divided by 1,000; is the monthly rider cost (as shown described in the riders) for any riders which are a part of the Policy. The net amount at risk equals: the death benefit divided by 1.00247; less the Account Value on the Contract Data page against your Contract Value held Valuation Date prior to assessing the Monthly Deductions. If there are increases in the SubaccountsSpecified Face Amount other than increases caused by changes in the death benefit option, the cost of insurance deductions described above are determined separately for the initial Specified Face Amount and the SIA and each increase in the Specified Face Amount or the SIA. This charge is guaranteed not In calculating the net amount at risk, the Account Value will first be allocated to increasethe initial Specified Face Amount and then to the SIA and then to each increase in the Specified Face Amount or SIA in the order in which the increases were made. SBL will deduct a charge The Monthly Cost of Insurance rates (except for Riders as shown any such rate applicable to an increase in the Specified Face Amount or the SIA) are based on the Contract Data page against your Contract Value held length of time the Policy has been in the Subaccountsforce and each Insured's sex, Issue Age, Class, and any additional charges for underwriting classification. This charge The Monthly Cost of Insurance rates will be deducted determined by Us from Current Interest time to time based on Our expectations of future experience with respect to your Contract Value held mortality costs, persistency, interest rates, expenses, and taxes. However, the Monthly Cost of Insurance rates for the Specified Face Amount and the SIA will not be greater than those shown in Section 2. The Monthly Cost of Insurance rates applicable to each increase in the Fixed AccountSpecified Face Amount or the SIA are based on the length of time the increase has been in force and the Insured's sex, Issue Age, Class, and table rating, if any. The amount Monthly Cost of Insurance rates will be determined by Us from time to time based on Our expectations of future experience with respect to mortality costs, persistency, interest rates, expenses, and taxes. However, the Monthly Cost of Insurance rates for the Specified Face Amount and the SIA will not be greater than the maximum cost of insurance rates provided by Us in Section 2 for each increase. Guaranteed maximum Monthly Cost of Insurance rates are based on the 1980 Commissioner's Standard Ordinary Smoker and Nonsmoker Mortality Table. The guaranteed maximum Monthly Cost of Insurance rates reflect any additional charges due to underwriting classification, as shown in Section 1. We have filed a detailed statement of Our methods for computing Cash Values with the insurance department in the jurisdiction where the Policy is delivered. These values are equal to or exceed the minimum required by law. If, on a Processing Date, the Cash Surrender Value is equal to or less than zero, then the Policy will terminate for no value, subject to the Grace Period provision. During the No-Lapse Guarantee Period shown in Section 1, the Policy will not terminate by reason of insufficient value if the Policy satisfies the minimum premium test as described herein. The No-Lapse Guarantee Period begins on the Policy Date shown in Section 1. During the No-Lapse guarantee period the Account Value will never be less than zero. Any Monthly Deductions unpaid during the No-Lapse Guarantee Period will not be payable at the end of the charge for Riders No-Lapse Guarantee Period. SVUL-2001 Page 17NY The Policy satisfies the minimum premium test if the Premiums paid less any Partial Withdrawals and less any Policy Debt exceed the sum of the Minimum Monthly Premiums which applied to the Policy in each Policy Month from the Policy Date to the Valuation Date on which the test is based upon the Riders selected by the Owner on the application or as otherwise permitted by SBLapplied. The charge for Minimum Monthly Premium applicable to the Policy is shown in Section 1. The Minimum Monthly Premium may be revised as a result of any Rider is guaranteed not of the following changes to increase after it has been issuedthe Policy: a change in the Specified Face Amount; a change in the Supplemental Insurance Amount; a change in supplemental benefits. You may not select Riders with a total charge that exceeds The revised Minimum Monthly Premium will be effective as of the Maximum Rider Charge set forth on effective date of the Contract Data pagechange to the Policy triggering the revision and will remain in effect until again revised by any of the above changes.