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ASSET ALLOCATION RIDER
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This Rider is attached to and made a part of this Contract as of the Contract
Date, or if later, the date shown below. Terms not defined in this Rider have
the meaning given to them in the Contract.
ASSET ALLOCATION
Prior to the Annuity Start Date, SBL offers an Automatic Exchange option, known
as the Asset Allocation Option. Under this Option, SBL will Transfer Contract
Value among the Accounts on a monthly, quarterly, semiannual or annual basis to
maintain a set percentage in certain Accounts as instructed by the Owner or the
investment adviser. The adviser is selected from time to time by an investment
advisory firm owned by SBL.
To elect the Option, the Owner must submit a written request to SBL. The written
request must set forth the specific Accounts, the percentage of Contract Value
to be allocated to each Account, and the time period. The written request must
further authorize the adviser at its discretion to change the allocation of
Contract Value among Accounts.
Upon receipt of the written request, SBL will make a Transfer or, in the case of
a new Contract, will allocate the first Purchase Payment, among the Accounts
based upon the percentages set forth in the written request. Thereafter, SBL
will Transfer Contract Value to maintain that allocation on each monthly,
quarterly, semiannual or annual anniversary, as selected by the Owner, of the
date of SBL's receipt of the written request in proper form (the "Option Date").
The amounts Transferred will be credited at the price of the Account as of the
close of the Valuation Period during which the Option Date occurs. Amounts
Transferred from time to time under this Option are not included in the 14
Transfers per Contract Year that are allowed as discussed under "Transfers of
Contract Value."
From time to time, the adviser or Owner may submit a written request to change
the allocation of Contract Value among the Accounts. SBL will change the
allocation as requested at the close of the Valuation Period during which the
request is Received by SBL. After receipt of a request to change the allocation,
SBL will Transfer Contract Value on each Option Date to maintain that allocation
or such other allocation as set forth in the most recent instructions from the
adviser or Owner.
You may cancel this Rider at any time by written request to SBL. This Rider will
stop automatically: (1) on the Annuity Start Date; or (2) upon resignation of
the adviser. If one of the above events occurs, the Contract Value in the
Accounts that has not been Transferred will remain in those Accounts regardless
of the percentage allocation unless you instruct SBL otherwise in writing. SBL
may discontinue the Option at any time in which event the rider charge shall no
longer be deducted.
SBL will deduct a charge while this Rider is in effect as set forth in the
Contract. SBL will not deduct the charge from Fixed Account Contract Value to
the extent such charge exceeds the amount of Current Interest in excess of the
Guaranteed Rate.
SECURITY BENEFIT LIFE INSURANCE COMPANY
XXXXX X. XXXXX
Xxxxx X. Xxxxx
Secretary
Rider Start Date
(If Other Than Contract Date)
V6068 (8-00)
