Common use of ANNUITY TABLES Clause in Contracts

ANNUITY TABLES. The amounts set forth in the Annuity Tables for Annuity Options 1 through 4 and 8 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 Rate set forth on page 3. 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 8 and the Assumed Interest Rate are set forth on page 3. The Annuity Table for Option 7 is determined without reference to the age or sex of the Annuitant and is based upon the Assumed Interest Rate. Annuity Payments for Options 5 and 6 are computed without reference to the Annuity Tables. 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 of less than $100.00. 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. ANNUITY UNITS On the Annuity Start Date, the amount of the first Variable Annuity Payment is divided by the Annuity Unit Value as of that date to determine the number of Annuity Units to be used in calculating subsequent Annuity Payments. If the Annuity Start Amount was allocated to more than one Subaccount, the first Variable Annuity Payment will be allocated to each Subaccount in the percentage corresponding to the allocation of Annuity Start Amount. The number of Annuity Units for each Subaccount is then found by dividing the amount of the first Variable Annuity Payment allocated to that Subaccount by the Annuity Unit Value for the Subaccount on the Annuity Start Date. The number of Annuity Units for the Subaccount then remains constant, unless a Transfer of Annuity Units is made. After the first Variable Annuity Payment, the dollar amount of each subsequent Annuity Payment is equal to the sum of the payment amount determined for each Subaccount. The payment amount for each Subaccount is equal to the number of Annuity Units allocated to that Subaccount multiplied by the Annuity Unit Value as of the date of the Annuity Payment. An example of an initial Variable Annuity Payment calculation for a male, age 60 is as follows: Annuity Start Amount = $100,000 $100,000 -------- = 100 $1,000 Amount determined by reference in 1999 to Annuity Table for a male, age 60 under Option 1 $4.00 First Variable Annuity Payment 100 x $4.00 = $400 NUMBER OF FIRST ANNUITY VARIABLE ANNUITY UNITS USED ANNUITY ANNUITY UNIT VALUE TO DETERMINE START AMOUNT PAYMENT ON ANNUITY SUBSEQUENT SUBACCOUNT ALLOCATION ALLOCATION START DATE PAYMENTS ---------- ------------ ---------- ---------- ------------ Growth 50% $200.00 / $1.51 = 132.4503 Growth-Income 50% $200.00 / $1.02 = 196.0784 An example of a subsequent Variable Annuity Payment calculation using the assumptions above is as follows: ANNUITY UNIT VALUE ON DATE OF NEW ANNUITY SUBACCOUNT ANNUITY UNITS SUBSEQUENT PAYMENT PAYMENT AMOUNT ---------- ------------- ------------------ -------------- Growth 132.4503 x $1.60 = $211.92 Growth-Income 196.0784 x $1.10 = $215.69 ------ $427.61 ANNUITY UNIT VALUE The Annuity Unit Value for each Subaccount was first set at $1.00. The Annuity Unit Value for any subsequent Valuation Date is equal to (a) times (b) times (c), where:

ANNUITY TABLES. The amounts set forth in the Annuity Tables for Annuity Options 1 through 4 and 8 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) reflect: 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 Rate set forth on page 3. 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 8 and the Assumed Interest Rate are set forth on page 3. The Annuity Table for Option 7 is determined without reference to the age or sex of the Annuitant and is based upon the Assumed Interest Rate. Annuity Payments for Options 5 and 6 are computed without reference to the Annuity Tables. 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 of less than $100.00. 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. ANNUITY UNITS On the Annuity Start Date, the amount of the first Variable Annuity Payment is divided by the Annuity Unit Value as of that date to determine the number of Annuity Units to be used in calculating subsequent Annuity Payments. If the Annuity Start Amount was allocated to more than one Subaccount, the first Variable Annuity Payment will be allocated to each Subaccount in the percentage corresponding to the allocation of Annuity Start Amount. The number of Annuity Units for each Subaccount is then found by dividing the amount of the first Variable Annuity Payment allocated to that Subaccount by the Annuity Unit Value for the Subaccount on the Annuity Start Date. The number of Annuity Units for the Subaccount then remains constant, unless a Transfer of Annuity Units is made. After the first Variable Annuity Payment, the dollar amount of each subsequent Annuity Payment is equal to the sum of the payment amount determined for each Subaccount. The payment amount for each Subaccount is equal to the number of Annuity Units allocated to that Subaccount multiplied by the Annuity Unit Value as of the date of the Annuity Payment. An example of an initial Variable Annuity Payment calculation for a male, age 60 is as follows: Annuity Start Amount = $100,000 $100,000 -------- = 100 $1,000 Amount determined by reference in 1999 to Annuity Table for a male, age 60 under Option 1 $4.00 First Variable Annuity Payment 100 x $4.00 = $400 NUMBER OF FIRST ANNUITY VARIABLE ANNUITY UNITS USED ANNUITY ANNUITY UNIT VALUE TO DETERMINE START AMOUNT PAYMENT ON ANNUITY SUBSEQUENT SUBACCOUNT ALLOCATION ALLOCATION START DATE PAYMENTS ---------- ------------ ---------- ---------- ------------ Growth 50% $200.00 / $1.51 = 132.4503 Growth-Income 50% $200.00 / $1.02 = 196.0784 An example of a subsequent Variable Annuity Payment calculation using the assumptions above is as follows: ANNUITY UNIT VALUE ON DATE OF NEW ANNUITY SUBACCOUNT ANNUITY UNITS SUBSEQUENT PAYMENT PAYMENT AMOUNT ---------- ------------- ------------------ -------------- Growth 132.4503 x $1.60 = $211.92 Growth-Income 196.0784 x $1.10 = $215.69 ------ $427.61 ANNUITY UNIT VALUE The Annuity Unit Value for each Subaccount was first set at $1.00. The Annuity Unit Value for any subsequent Valuation Date is equal to (a) times (b) times (c), where:.

ANNUITY TABLES. The amounts set forth in the Annuity Tables for Annuity Options 1 through 4 and 8 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 Rate set forth on page 3. 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 8 and the Assumed Interest Rate are set forth on page 3. The Annuity Table for Option 7 is determined without reference to the age or sex of the Annuitant and is based upon the Assumed Interest Rate. Annuity Payments for Options 5 and 6 are computed without reference to the Annuity Tables. 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 of less than $100.00. 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. ANNUITY UNITS On the Annuity Start Date, the amount of the first Variable Annuity Payment is divided by the Annuity Unit Value as of that date to determine the number of Annuity Units to be used in calculating subsequent Annuity Payments. If the Annuity Start Amount was allocated to more than one Subaccount, the first Variable Annuity Payment will be allocated to each Subaccount in the percentage corresponding to the allocation of Annuity Start Amount. The number of Annuity Units for each Subaccount is then found by dividing the amount of the first Variable Annuity Payment allocated to that Subaccount by the Annuity Unit Value for the Subaccount on the Annuity Start Date. The number of Annuity Units for the Subaccount then remains constant, unless a Transfer of Annuity Units is made. After the first Variable Annuity Payment, the dollar amount of each subsequent Annuity Payment is equal to the sum of the payment amount determined for each Subaccount. The payment amount for each Subaccount is equal to the number of Annuity Units allocated to that Subaccount multiplied by the Annuity Unit Value as of the date of the Annuity Payment. An example of an initial Variable Annuity Payment calculation for a male, age 60 is as follows: Annuity Start Amount = $100,000 $100,000 -------- = 100 $1,000 Amount determined by reference in 1999 to Annuity Table for a male, age 60 under Option 1 $4.00 First Variable Annuity Payment 100 x $4.00 = $400 NUMBER OF FIRST ANNUITY VARIABLE ANNUITY UNITS USED ANNUITY ANNUITY UNIT VALUE TO DETERMINE START AMOUNT PAYMENT ON ANNUITY SUBSEQUENT SUBACCOUNT ALLOCATION ALLOCATION START DATE PAYMENTS ---------- ------------ ---------- ---------- ------------ Growth 50% $200.00 / $1.51 = 132.4503 Growth-Income 50% $200.00 / $1.02 = 196.0784 An example of a subsequent Variable Annuity Payment calculation using the assumptions above is as follows: ANNUITY UNIT VALUE ON DATE OF NEW ANNUITY SUBACCOUNT ANNUITY UNITS SUBSEQUENT PAYMENT PAYMENT AMOUNT ---------- ------------- ------------------ -------------- Growth 132.4503 x $1.60 = $211.92 Growth-Income 196.0784 x $1.10 = $215.69 ------ $427.61 ANNUITY UNIT VALUE The Annuity Unit Value for each Subaccount was first set at $1.00. The Annuity Unit Value for any subsequent Valuation Date is equal to (a) times (b) times (c), where:

ANNUITY TABLES. The amounts set forth in the Annuity Tables for Annuity Options 1 through 4 and 8 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) reflect: 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 Rate set forth on page 3. 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 8 and the Assumed Interest Rate are set forth on page 3. The Annuity Table for Option 7 is determined without reference to the age or sex of the Annuitant and is based upon the Assumed Interest Rate. Annuity Payments for Options 5 and 6 are computed without reference to the Annuity Tables. 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 of less than $100.00. 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. ANNUITY UNITS On the Annuity Start Date, the amount of the first Variable Annuity Payment is divided by the Annuity Unit Value as of that date to determine the number of Annuity Units to be used in calculating subsequent Annuity Payments. If the Annuity Start Amount was allocated to more than one Subaccount, the first Variable Annuity Payment will be allocated to each Subaccount in the percentage corresponding to the allocation of Annuity Start Amount. The number of Annuity Units for each Subaccount is then found by dividing the amount of the first Variable Annuity Payment allocated to that Subaccount by the Annuity Unit Value for the Subaccount on the Annuity Start Date. The number of Annuity Units for the Subaccount then remains constant, unless a Transfer of Annuity Units is made. After the first Variable Annuity Payment, the dollar amount of each subsequent Annuity Payment is equal to the sum of the payment amount determined for each Subaccount. The payment amount for each Subaccount is equal to the number of Annuity Units allocated to that Subaccount multiplied by the Annuity Unit Value as of the date of the Annuity Payment. An example of an initial Variable Annuity Payment calculation for a male, age 60 is as follows: Annuity Start Amount = $100,000 $100,000 -------- = 100 $1,000 Amount determined by reference in 1999 to Annuity Table for a male, age 60 under Option 1 $4.00 First Variable Annuity Payment 100 x $4.00 = $400 NUMBER OF FIRST ANNUITY VARIABLE ANNUITY UNITS USED ANNUITY ANNUITY UNIT VALUE TO DETERMINE START AMOUNT PAYMENT ON ANNUITY SUBSEQUENT SUBACCOUNT ALLOCATION ALLOCATION START DATE PAYMENTS ---------- ------------ ---------- ---------- ------------ Growth 50% $200.00 / $1.51 = 132.4503 Growth-Income 50% $200.00 / $1.02 = 196.0784 An example of a subsequent Variable Annuity Payment calculation using the assumptions above is as follows: ANNUITY UNIT VALUE ON DATE OF NEW ANNUITY SUBACCOUNT ANNUITY UNITS SUBSEQUENT PAYMENT PAYMENT AMOUNT ---------- ------------- ------------------ -------------- Growth 132.4503 x $1.60 = $211.92 Growth-Income 196.0784 x $1.10 = $215.69 ------ $427.61 ANNUITY UNIT VALUE The Annuity Unit Value for each Subaccount was first set at $1.00. The Annuity Unit Value for any subsequent Valuation Date is equal to (a) times (b) times (c), where:.

ANNUITY TABLES. The amounts set forth in the Annuity Tables for Annuity Options 1 through 4 and 8 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 Rate set forth on page 3. 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 8 6 and the Assumed Interest Rate are set forth on page 3. The Annuity Table for Option 7 5 is determined without reference to the age or sex of the Annuitant and is based upon the Assumed Interest Rate. Annuity Payments for Options 5 and 6 are computed without reference to the Annuity Tables. The Annuity Tables are used in accordance with generally accepted actuarial principles. ANNUITY PAYMENTS No Annuity Option can be selected that requires SBL FSBL to make Annuity Payments of less than $100.00. If FSBL refuses to commence Annuity Payments of less than $100.00, FSBL will permit surrender of the contract, with no withdrawal charges. If no Annuity Option is chosen prior to the Annuity Start Date, FSBL will use Option 1 with a ten-year period certain. 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. ANNUITY UNITS On the Annuity Start Date, the amount of the first Variable Annuity Payment is divided by the Annuity Unit Value as of that date to determine the number of Annuity Units to be used in calculating subsequent Annuity Payments. If the Annuity Start Amount was allocated to more than one Subaccount, the first Variable Annuity Payment will be allocated to each Subaccount in the percentage corresponding to the allocation of Annuity Start Amount. The number of Annuity Units for each Subaccount is then found by dividing the amount of the first Variable Annuity Payment allocated to that Subaccount by the Annuity Unit Value for the Subaccount on the Annuity Start Date. The number of Annuity Units for the Subaccount then remains constant, unless a Transfer of Annuity Units is made. After the first Variable Annuity Payment, the dollar amount of each subsequent Annuity Payment is equal to the sum of the payment amount determined for each Subaccount. The payment amount for each Subaccount is equal to the number of Annuity Units allocated to that Subaccount multiplied by the Annuity Unit Value as of the date of the Annuity Payment. An example of an initial Variable Annuity Payment calculation for a male, age 60 is as follows: Annuity Start Amount = $100,000 $100,000 -------- = 100 $1,000 Amount determined by reference in 1999 to Annuity Table for a male, age 60 under Option 1 $4.00 First Variable Annuity Payment 100 x $4.00 = $400 FIRST VARIABLE ANNUITY NUMBER OF FIRST ANNUITY VARIABLE ANNUITY UNITS USED ANNUITY ANNUITY UNIT VALUE TO DETERMINE ANNUITY UNITS START AMOUNT PAYMENT ON ANNUITY SUBSEQUENT USED TO DETERMINE SUBACCOUNT ALLOCATION ALLOCATION START DATE SUBSEQUENT PAYMENTS ---------- ------------ ---------- ---------- ------------ ------------------- Growth 50% $200.00 / $1.51 = 132.4503 Growth-Income 50% $200.00 / $1.02 = 196.0784 An example of a subsequent Variable Annuity Payment calculation using the assumptions above is as follows: ANNUITY UNIT VALUE ON DATE OF NEW ANNUITY SUBACCOUNT ANNUITY UNITS SUBSEQUENT PAYMENT PAYMENT AMOUNT ---------- ------------- ------------------ -------------- Growth 132.4503 x $1.60 = $211.92 Growth-Income 196.0784 x $1.10 = $215.69 ------ $427.61 ANNUITY UNIT VALUE The Annuity Unit Value for each Subaccount was first set at $1.00by FSBL. The Annuity Unit Value for any subsequent Valuation Date is equal to (a) times (b) times (c), where:

ANNUITY TABLES. The amounts set forth in the Annuity Tables for Annuity Options 1 through 4 and 8 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 Rate set forth on page 3. 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 8 6 and the Assumed Interest Rate are set forth on page 3. The Annuity Table for Option 7 5 is determined without reference to the age or sex of the Annuitant and is based upon the Assumed Interest Rate. Annuity Payments for Options 5 and 6 are computed without reference to the Annuity Tables. The Annuity Tables are used in accordance with generally accepted actuarial principles. ANNUITY PAYMENTS No Annuity Option can be selected that requires SBL FSBL to make Annuity Payments of less than $100.00. If FSBL refuses to commence Annuity Payments of less than $100.00, FSBL will permit surrender of the contract, with no withdrawal charges. If no Annuity Option is chosen prior to the Annuity Start Date, FSBL will use Option 1 with a ten-year period certain. 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. ANNUITY UNITS On the Annuity Start Date, the amount of the first Variable Annuity Payment is divided by the Annuity Unit Value as of that date to determine the number of Annuity Units to be used in calculating subsequent Annuity Payments. If the Annuity Start Amount was allocated to more than one Subaccount, the first Variable Annuity Payment will be allocated to each Subaccount in the percentage corresponding to the allocation of Annuity Start Amount. The number of Annuity Units for each Subaccount is then found by dividing the amount of the first Variable Annuity Payment allocated to that Subaccount by the Annuity Unit Value for the Subaccount on the Annuity Start Date. The number of Annuity Units for the Subaccount then remains constant, unless a Transfer of Annuity Units is made. After the first Variable Annuity Payment, the dollar amount of each subsequent Annuity Payment is equal to the sum of the payment amount determined for each Subaccount. The payment amount for each Subaccount is equal to the number of Annuity Units allocated to that Subaccount multiplied by the Annuity Unit Value as of the date of the Annuity Payment. An example of an initial Variable Annuity Payment calculation for a male, age 60 is as follows: Annuity Start Amount = $100,000 $100,000 -------- ------- = 100 $1,000 Amount determined by reference in 1999 to Annuity Table for a male, age 60 under Option 1 $4.00 First Variable Annuity Payment 100 x $4.00 = $400 ANNUITY NUMBER OF ANNUITY FIRST ANNUITY VARIABLE UNIT VALUE ANNUITY UNITS USED ANNUITY ANNUITY UNIT VALUE TO DETERMINE START AMOUNT ANNUITY PAYMENT ON ANNUITY SUBSEQUENT USED TO DETERMINE SUBACCOUNT ALLOCATION ALLOCATION START DATE SUBSEQUENT PAYMENTS ---------- ------------ --------------- ---------- ---------- ------------ ------------------- Growth 50% $200.00 / $1.51 = 132.4503 Growth-Income 50% $200.00 / $1.02 = 196.0784 An example of a subsequent Variable Annuity Payment calculation using the assumptions above is as follows: ANNUITY UNIT VALUE ON DATE OF NEW ANNUITY SUBACCOUNT ANNUITY UNITS SUBSEQUENT PAYMENT PAYMENT AMOUNT ---------- ------------- ------------------ -------------- Growth 132.4503 x $1.60 = $211.92 Growth-Income 196.0784 x $1.10 = $215.69 ------ $427.61 ANNUITY UNIT VALUE The Annuity Unit Value for each Subaccount was first set at $1.00by FSBL. The Annuity Unit Value for any subsequent Valuation Date is equal to (a) times (b) times (c), where:

ANNUITY TABLES. The amounts set forth in the Annuity Tables for Annuity Options 1 through 4 and 8 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 Rate set forth on page 3. 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 8 6 and the Assumed Interest Rate are set forth on page 3. The Annuity Table for Option 7 5 is determined without reference to the age or sex of the Annuitant and is based upon the Assumed Interest Rate. Annuity Payments for Options 5 and 6 are computed without reference to the Annuity Tables. The Annuity Tables are used in accordance with generally accepted actuarial principles. ANNUITY PAYMENTS No Annuity Option can be selected that requires SBL FSBL to make Annuity Payments of less than $100.00. If FSBL refuses to commence Annuity Payments of less than $100.00, FSBL will permit surrender of the contract, with no withdrawal charges. If no Annuity Option is chosen prior to the Annuity Start Date, FSBL will use Option 1 with a ten-year period certain. 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. ANNUITY UNITS On the Annuity Start Date, the amount of the first Variable Annuity Payment is divided by the Annuity Unit Value as of that date to determine the number of Annuity Units to be used in calculating subsequent Annuity Payments. If the Annuity Start Amount was allocated to more than one Subaccount, the first Variable Annuity Payment will be allocated to each Subaccount in the percentage corresponding to the allocation of Annuity Start Amount. The number of Annuity Units for each Subaccount is then found by dividing the amount of the first Variable Annuity Payment allocated to that Subaccount by the Annuity Unit Value for the Subaccount on the Annuity Start Date. The number of Annuity Units for the Subaccount then remains constant, unless a Transfer of Annuity Units is made. After the first Variable Annuity Payment, the dollar amount of each subsequent Annuity Payment is equal to the sum of the payment amount determined for each Subaccount. The payment amount for each Subaccount is equal to the number of Annuity Units allocated to that Subaccount multiplied by the Annuity Unit Value as of the date of the Annuity Payment. An example of an initial Variable Annuity Payment calculation for a male, age 60 is as follows: Annuity Start Amount = $100,000 $100,000 -------- ------- = 100 $1,000 Amount determined by reference in 1999 to Annuity Table for a male, age 60 under Option 1 $4.00 First Variable Annuity Payment 100 x $4.00 = $400 ANNUITY NUMBER OF ANNUITY FIRST ANNUITY VARIABLE UNIT VALUE ANNUITY UNITS USED ANNUITY ANNUITY UNIT VALUE TO DETERMINE START AMOUNT ANNUITY PAYMENT ON ANNUITY SUBSEQUENT USED TO DETERMINE SUBACCOUNT ALLOCATION ALLOCATION START DATE SUBSEQUENT PAYMENTS ---------- ------------ --------------- ---------- ---------- ------------ ------------------- Growth 50% $200.00 / $1.51 = 132.4503 Growth-Income 50% $200.00 / $1.02 = 196.0784 An example of a subsequent Variable Annuity Payment calculation using the assumptions above is as follows: ANNUITY UNIT VALUE ON DATE OF NEW ANNUITY SUBACCOUNT ANNUITY UNITS SUBSEQUENT PAYMENT PAYMENT AMOUNT ---------- ------------- ------------------ -------------- Growth 132.4503 x $1.60 = $211.92 Growth-Income 196.0784 x $1.10 = $215.69 ------ $427.61 ANNUITY UNIT VALUE The Annuity Unit Value for each Subaccount was first set at $1.00by FSBL. The Annuity Unit Value for any subsequent Valuation Date is equal to (a) times (b) times (c), where:

ANNUITY TABLES. The amounts set forth in the Annuity Tables for Annuity Options 1 through 4 and 8 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 Rate set forth on page 3. 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 8 6 and the Assumed Interest Rate are set forth on page 3. The Annuity Table for Option 7 5 is determined without reference to the age or sex of the Annuitant and is based upon the Assumed Interest Rate. Annuity Payments for Options 5 and 6 are computed without reference to the Annuity Tables. The Annuity Tables are used in accordance with generally accepted actuarial principles. ANNUITY PAYMENTS No Annuity Option can be selected that requires SBL FSBL to make Annuity Payments of less than $100.00. If FSBL refuses to commence Annuity Payments of less than $100.00, FSBL will permit surrender of the contract, with no withdrawal charges. If no Annuity Option is chosen prior to the Annuity Start Date, FSBL will use Option 1 with a ten-year period certain. 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. ANNUITY UNITS On the Annuity Start Date, the amount of the first Variable Annuity Payment is divided by the Annuity Unit Value as of that date to determine the number of Annuity Units to be used in calculating subsequent Annuity Payments. If the Annuity Start Amount was allocated to more than one Subaccount, the first Variable Annuity Payment will be allocated to each Subaccount in the percentage corresponding to the allocation of Annuity Start Amount. The number of Annuity Units for each Subaccount is then found by dividing the amount of the first Variable Annuity Payment allocated to that Subaccount by the Annuity Unit Value for the Subaccount on the Annuity Start Date. The number of Annuity Units for the Subaccount then remains constant, unless a Transfer of Annuity Units is made. After the first Variable Annuity Payment, the dollar amount of each subsequent Annuity Payment is equal to the sum of the payment amount determined for each Subaccount. The payment amount for each Subaccount is equal to the number of Annuity Units allocated to that Subaccount multiplied by the Annuity Unit Value as of the date of the Annuity Payment. An example of an initial Variable Annuity Payment calculation for a male, age 60 is as follows: Annuity Start Amount = $100,000 $100,000 -------- = 100 $1,000 Amount determined by reference in 1999 to Annuity Table for a male, age 60 under Option 1 $4.00 First Variable Annuity Payment 100 x $4.00 = $400 FIRST VARIABLE ANNUITY NUMBER OF FIRST ANNUITY VARIABLE ANNUITY UNITS USED ANNUITY ANNUITY UNIT VALUE TO DETERMINE ANNUITY UNITS START AMOUNT PAYMENT ON ANNUITY SUBSEQUENT USED TO DETERMINE SUBACCOUNT ALLOCATION ALLOCATION START DATE SUBSEQUENT PAYMENTS ---------- ------------ ---------- ---------- ------------ ------------------- Growth 50% $200.00 / $1.51 = 132.4503 Growth-Income 50% $200.00 / $1.02 = 196.0784 An example of a subsequent Variable Annuity Payment calculation using the assumptions above is as follows: ANNUITY UNIT VALUE ON DATE OF NEW ANNUITY SUBACCOUNT ANNUITY UNITS SUBSEQUENT PAYMENT PAYMENT AMOUNT ---------- ------------- ------------------ -------------- Growth 132.4503 x $1.60 = $211.92 Growth-Income 196.0784 x $1.10 = $215.69 ------ $427.61 ANNUITY UNIT VALUE The Annuity Unit Value for each Subaccount was first set at $1.00by FSBL. The Annuity Unit Value for any subsequent Valuation Date is equal to (a) times (b) times (c), where: