PARTICIPATION AGREEMENT Among Security Benefit Life Insurance Company, Northern Lights Variable Trust, And ValMark Advisers, Inc.Participation Agreement • January 4th, 2016 • SBL Variable Annuity Account Xiv • Kansas
THIS AGREEMENT, dated as of the 30th day of December, 2014, by and among Security Benefit Life Insurance Company, (the “Company”), a stock life insurance company organized under the laws of the State of Kansas, on its own behalf and on behalf of each segregated asset account of the Company currently in existence or hereafter created, as set forth on Schedule A hereto, which may be updated from time to time for the convenience of the parties, (each an “Account”), Northern Lights Variable Trust,(the “Fund”), a Delaware statutory trust, on its own behalf and on behalf of each series of the Fund currently in existence or hereafter created, as set forth on Schedule A hereto, which may be updated from time to time for the convenience of the parties, and ValMark Advisers, Inc. (the “Adviser”), a corporation organized and existing under the laws of the State of Ohio.
ENDORSEMENTRoth Ira Endorsement • January 4th, 2016 • SBL Variable Annuity Account Xiv
This contract is established as a Roth IRA as defined in Section 408A of the Internal Revenue Code of 1986, as amended (the “Code”) or any successor provision, pursuant to the Owner’s request in the Application. Accordingly, this endorsement is attached to and made part of the Contract as of its Issue Date or, if later, the date shown below. Notwithstanding any other provisions of the Contract to the contrary, the following provisions shall apply.
ENDORSEMENTIndividual Retirement Annuity Provisions • January 4th, 2016 • SBL Variable Annuity Account Xiv
This contract is established as an Individual Retirement Annuity (“IRA”) as defined in Section 408 of the Internal Revenue Code of 1986, as amended (the “Code”) or any successor provision pursuant to the Owner’s request in the Application. Accordingly, this Endorsement is attached to and made part of the Contract as of its Issue Date or, if later, the date shown below. Notwithstanding any other provisions of the Contract to the contrary, the following provisions shall apply.
SECURITY BENEFIT LIFE INSURANCE COMPANY FLEXIBLE PREMIUM DEFERRED VARIABLE ANNUITY CONTRACTFlexible Premium Deferred Variable Annuity Contract • January 4th, 2016 • SBL Variable Annuity Account Xiv
In consideration of the attached Application and the Purchase Payment(s) Received by Security Benefit Life Insurance Company (“SBL”), SBL will pay the benefits of this Contract according to its terms.
