Common use of Less Clause in Contracts

Less. any Withdrawals and applicable Withdrawal Charges deducted from the General Account Contract Value; 2. any Transfers from the General Account Contract Value to the Separate Account; 3. any applicable Premium Taxes; 4. any Annual Administrative Fee deducted from General Account Contract Value; 5. any General Account Contract Value which is applied to any of Annuity Options 1 through 4, 7 and 8; and 6. any Annuity Payments made from General Account Contract Value under Annuity Options 5 and 6. GV6023E (1-98) -10- BP 6023F1 -------------------------------------------------------------------------------- CONTRACT VALUE AND EXPENSE PROVISIONS (Continued) -------------------------------------------------------------------------------- GENERAL ACCOUNT INTEREST CREDITING The Company shall credit interest on General Account Contract Value at an annual rate at least equal to the Minimum Guaranteed Rate shown on page 3. Also, the Company may in its sole judgment credit Current Interest at a rate in excess of the Minimum Guaranteed Rate. The Company may credit Current Interest on Contract Value that was allocated or Transferred to the General Account during one period at a different rate than amounts allocated or Transferred to the General Account in another period. Therefore, at any time, portions of General Account Contract Value may be earning Current Interest at different rates based upon the period during which such portions were allocated or Transferred to the General Account. SEPARATE ACCOUNT CONTRACT VALUE On any Valuation Date, the Separate Account Contract Value is the sum of the then current value of the Accumulation Units allocated to each Series for the Participant Account. ACCUMULATION UNIT VALUE The initial Accumulation Unit Value for each Series was set at $10. The Accumulation Unit Value for any subsequent Valuation Date is equal to (1) multiplied by (2) where:

Less. any Withdrawals and applicable Withdrawals, including Withdrawal Charges Charges, deducted from the General Account Contract ValueFixed Account; 2. any Transfers from the General Fixed Account Contract Value to the Separate Account; 3. any applicable Premium Taxes; 4. any Annual Administrative Fee deducted from General Account Contract Value; 5. any General Account Contract Value which is amount applied to any of as Annuity Start Amount under Annuity Options 1 through 4, 7 and or 8; and 64. any Annuity Payments made from General Account Contract Value under Annuity Options 5 and 6; and 5. GV6023E any Premium tax and Account Charge. V6029B (18-98) -10- BP 6023F1 -------------------------------------------------------------------------------- CONTRACT VALUE AND EXPENSE PROVISIONS (Continued) -------------------------------------------------------------------------------- GENERAL 00)U 11 FIXED ACCOUNT INTEREST CREDITING The Company SBL shall credit Current Interest on Fixed Account Contract Value on a daily basis. Current Interest will be credited from the Valuation Date on which a Purchase Payment is applied to the date of Withdrawal, Transfer, or application as Annuity Start Amount. SBL shall credit interest on General Fixed Account Contract Value at an annual rate at least equal to the Minimum Guaranteed Rate shown on page 3. Also, the Company SBL may in its sole judgment credit Current Interest at a rate in excess of the Minimum Guaranteed Rate. The Company rate of Current Interest, if declared shall be fixed during the Guarantee Period. Fixed Account Contract Value shall earn Current Interest during each Guarantee Period at the rate, if any, declared by SBL on the first day of the Guarantee Period. SBL may credit Current Interest on Contract Value that was allocated or Transferred transferred to the General Fixed Account during one period at a different rate than amounts allocated or Transferred transferred to the General Fixed Account in another period. Also, SBL may credit Current Interest on Fixed Account Contract Value at different rates based upon the length of the Guarantee Period. SBL will deduct any charges for Riders from Current Interest. Therefore, at any time, portions of General Fixed Account Contract Value may be earning Current Interest at different rates based upon the period during which such portions were allocated or Transferred transferred to the General Fixed Account, the length of the Guarantee Period and the Riders selected by the Owner. SEPARATE ACCOUNT CONTRACT VALUE On any Valuation Date, the Separate Account Contract Value is the sum of the then current value of the Accumulation Units allocated to each Series Subaccount for this Contract. For example, if 100 Accumulation Units were allocated to each of the Participant Account. Money Market and Equity Subaccounts as of June 1, Separate Account Contract Value as of that date would be determined as follows: Number of Accumulation Unit Subaccount Accumulation Units Value as of June 1 Subaccount Value Money Market 100 $10 $1,000 Equity 100 $12 $1,200 ------ Separate Account Contract Value as of June 1............................. $2,200 ACCUMULATION UNIT VALUE The initial Accumulation Unit Value for each Series Subaccount was set at $10by SBL. The Accumulation Unit Value for any subsequent Valuation Date is equal to (1) multiplied by times (2) where: