<p>SECURITY BENEFIT </p><p>Stock Market Performance Over Last 30 Years </p><p><strong>Dec. 31, 2020 </strong></p><p>S&amp;P closed at 3733.27 </p><p>4000 </p><p><strong>Dec. 31, 2019 </strong></p><p>S&amp;P closed at 3215.18 </p><p>3000 </p><p><strong>Dec. 31, 2014 </strong></p><p>S&amp;P closed above 2,000 for the first time </p><p><strong>Mar. 1, 2020 </strong></p><p>A 20% decline in the peak S&amp;P due to the Covid-19 Pandemic </p><p><strong>Oct. 9, 2007 </strong></p><p>End of 2000 Bull market 1565.15 </p><p><strong>Jan. 14, 2000 </strong></p><p>Dot-com bubble peaks at 1465.15 </p><p>2000 1000 </p><p><strong>Mar. &amp; Aug. 2015 </strong></p><p>Two flash crashes of 2015 - attributed to the rise of algorithmic trading </p><p><strong>1995–1997 </strong></p><p>Beginning of the dot-com bubble </p><p><strong>August 8, 2011 </strong></p><p>Black Monday 2011 Market decline following US debt downgrade from AAA to AA+ </p><p><strong>March 9, 2009 </strong><br><strong>Oct. 9, 2002 </strong></p><p>A 57% decline in the peak S&amp;P from the peak of the housing bubble <br>A 47% decline in the S&amp;P from the peak of the dot-com bubble </p><p>0</p><ul style="display: flex;"><li style="flex:1">Dec. 1990 </li><li style="flex:1">Dec. 1995 </li><li style="flex:1">Dec. 2000 </li><li style="flex:1">Dec. 2005 </li><li style="flex:1">Dec. 2010 </li><li style="flex:1">Dec. 2015 </li><li style="flex:1">Dec. 2020 </li></ul><p></p><p>Your path <em>To and Through Retirement</em><sup style="top: -0.4995em;"><em>® </em></sup></p><p>begins here<em>. </em></p><p><strong>Talk to your financial professional to learn more or contact us at 800.888.2461. </strong></p><p>Neither Security Benefit Life Insurance Company, First Security Benefit Life Insurance and Annuity Company of New York, Albany, NY, nor Security Distributors is a fiduciary and the information provided is not intended to be investment advice. This information is general in nature and intended for use with the general public. For additional information, including any specific advice or recommendations, please visit with your financial professional. </p><p>S&amp;P<sup style="top: -0.2498em;">® </sup>is a registered trademark of Standard &amp; Poor’s Financial Services LLC (S&amp;P) and Dow Jones<sup style="top: -0.2498em;">® </sup>is a registered trademark of Dow Jones Trademark Holdings LLC (Dow Jones). These trademarks have been licensed for use by S&amp;P Dow Jones Indices LLC. S&amp;P<sup style="top: -0.2498em;">® </sup>and S&amp;P 500<sup style="top: -0.2498em;">® </sup>are trademarks of S&amp;P and have been sublicensed for certain purposes by Security Benefit Life Insurance Company. The S&amp;P 500<sup style="top: -0.2498em;">® </sup>index is a product of S&amp;P Dow Jones Indices LLC and/or its affiliates and has been licensed for use by Security Benefit. Products and services offered by Security Benefit’s affiliated companies are not sponsored, endorsed, sold or promoted by S&amp;P Dow Jones Indices LLC, Dow Jones, S&amp;P or their respective affiliates and neither S&amp;P Dow Jones Indices LLC, Dow Jones, S&amp;P or their respective affiliates make any representation regarding the advisability of purchasing such product or services. </p><p>In all states except New York, annuities are issued by <strong>Security Benefit Life Insurance Company (SBL)</strong>. In New York, annuities are issued by <strong>First Security Benefit Life Insurance and Annuity Company of New York (FSBL), Albany, NY. </strong>SBL is not authorized in the state of New York </p><p>and does not transact the business of insurance in the state of New York. Services offered through <strong>Security Distributors (SD)</strong>. SD is a subsidiary of SBL, and SBL and FSBL are wholly owned by Security Benefit Corporation (Security Benefit). </p><p><strong>One Security Benefit Place | Topeka, KS 66636 | SecurityBenefit.com </strong></p><p>99-00461-85 2021/01/31 </p>