0000891804-15-000304 Sample Contracts

PARTICIPATION AGREEMENT Among Security Benefit Life Insurance Company, Security Distributors, Inc., Goldman Sachs Asset Management, L.P Goldman Sachs Trust, and Goldman Sachs & Co.
Participation Agreement • April 30th, 2015 • SBL Variable Annuity Account Xiv • New York

THIS AGREEMENT, dated as of the 13th day of October, 2006, 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 (each an “Account”), Security Distributors, Inc., a Kansas corporation (“SDI”) Goldman Sachs Trust (the “Trust”), a registered open-end management investment company organized under the laws of Delaware, Goldman Sachs & Co. (the “Distributor”), a New York limited partnership, and Goldman Sachs Asset Management, L.P., a Delaware limited partnership (the “Adviser”).

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PARTICIPATION AGREEMENT Between Security Benefit Life Insurance Company, Investment Managers Series Trust, IMST Distributors, LLC and Oak Ridge Investments, LLC
Participation Agreement • April 30th, 2015 • SBL Variable Annuity Account Xiv • Massachusetts

THIS AGREEMENT, dated as of the 17th day of October 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 account hereinafter referred to as the “Account”), Investment Managers Series Trust (the “Trust”), a Delaware trust, on its own behalf and on behalf of open-end management investment companies and series thereof for which Oak Ridge Investments, LLC (the “Adviser”) serves as investment adviser, currently in existence or hereafter created (each investment company hereinafter referred to as the “Fund”), as set forth on Schedule A hereto, the Adviser, solely for purposes of Article VI and IMST Distributors, LLC (the “Distributor”), solely for purpo

EFFECTIVE DATE OF COMMISSION SCHEDULE:
SBL Variable Annuity Account Xiv • April 30th, 2015

COMMISSIONS - This Commission Schedule is hereby made a part of and amends your selling agreement including, but not limited to, the SBL Variable Products Sales Agreement and/or Marketing Organization Agreement, as applicable (hereinafter called the “Agreement”), with Security Benefit Life Insurance Company and Security Distributors, Inc. (hereinafter jointly called “SBL”), and commissions payable hereunder are subject to the provisions contained in the Agreement and this Commission Schedule. Minimum Purchase Payments are as set out in the applicable prospectus and Contract. Commissions to a Marketing Organization are equal to a percentage of each Purchase Payment written by Marketing Organization, as follows:

EFFECTIVE DATE OF COMMISSION SCHEDULE:
SBL Variable Annuity Account Xiv • April 30th, 2015

COMMISSIONS - This Commission Schedule is hereby made a part of and amends your selling agreement including, but not limited to, the SBL Variable Products Sales Agreement and/or Marketing Organization Agreement, as applicable (hereinafter called the “Agreement”), with Security Benefit Life Insurance Company and Security Distributors, Inc. (hereinafter jointly called “SBL”), and commissions payable hereunder are subject to the provisions contained in the Agreement and this Commission Schedule. Minimum Purchase Payments are as set out in the applicable prospectus and Contract. Commissions to a Marketing Organization are equal to a percentage of each Purchase Payment written by Marketing Organization, as follows:

Marketing Organization:
SBL Variable Annuity Account Xiv • April 30th, 2015

COMMISSIONS - This Commission Schedule is hereby made a part of and amends your selling agreement including, but not limited to, the SBL Variable Products Sales Agreement and/or Marketing Organization Agreement, as applicable (hereinafter called the “Agreement”), with Security Benefit Life Insurance Company and Security Distributors, Inc. (hereinafter jointly called “SBL”), and commissions payable hereunder are subject to the provisions contained in the Agreement and this Commission Schedule. Minimum Purchase Payments are as set out in the applicable prospectus and Contract. Commissions to a Marketing Organization are equal to a percentage of each Purchase Payment written by Marketing Organization, as follows:

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