0000891804-12-000592 Sample Contracts

PARTICIPATION AGREEMENT
Participation Agreement • April 27th, 2012 • SBL Variable Annuity Account Xi • Delaware

THIS AGREEMENT, made and entered into this 20th day of September, 1999 by and between GOLDMAN SACHS VARIABLE INSURANCE TRUST, an unincorporated business trust formed under the laws of Delaware (the "Trust"), GOLDMAN, SACHS & CO., a New York limited partnership (the "Distributor"), and SECURITY BENEFIT LIFE, a Kansas life insurance company (the "Company"), on its own behalf and on behalf of each separate account of the Company identified herein.

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PARTICIPATION AGREEMENT Among SBL Fund, Rydex Distributors, LLC And Security Benefit Life Insurance Company
Participation Agreement • April 27th, 2012 • SBL Variable Annuity Account Xi • Kansas

THIS AGREEMENT, made and entered into as of this 22nd day of December, 2011 by and among Security Benefit Life Insurance Company (hereinafter the "Company"), a Kansas corporation, on its own behalf and on behalf of each Account (defined below), SBL FUND, a Kansas corporation and RYDEX DISTRIBUTORS, LLC (hereinafter the “Underwriter”), a Kansas limited liability company.

PARTICIPATION AGREEMENT Among SECURITY BENEFIT LIFE INSURANCE COMPANY, PIMCO VARIABLE INSURANCE TRUST, and PIMCO ADVISORS DISTRIBUTORS LLC
Participation Agreement • April 27th, 2012 • SBL Variable Annuity Account Xi • California

THIS AGREEMENT, dated as of the 1st day of May, 2003, by and among Security Benefit Life Insurance Company, (the "Company"), a Kansas life insurance company, on its own behalf and on behalf of each segregated asset account of the Company set forth on Schedule A hereto as may be amended from time to time (each account hereinafter referred to as the "Account"), PIMCO Variable Insurance Trust (the "Fund"), a Delaware business trust, and PIMCO Advisors Distributors LLC (the "Underwriter"), a Delaware limited liability company.

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