Security First Life Insurance Company
                          11365 West Olympic Boulevard
                          Los Angeles, California 90064




WAIVER OF WITHDRAWAL CHARGE FOR NURSING HOME
OR HOSPITAL CONFINEMENT RIDER

This Rider forms a part of the Contract to which it is attached and is effective
as of the  Issue  Date.  In the case of a  conflict  with any  provision  in the
Contract, the provisions of this Rider will control.

After the first Contract Anniversary,  the Withdrawal Charge will be waived upon
a withdrawal if:

1.   you are  confined  to a  Nursing  Home  and/or  Hospital  for at  least  90
     consecutive days or confined for a total of at least 90 days if there is no
     more than a 6-month break in the confinement and the  confinements  are for
     related causes;

2.   the  confinement  referred  to in (1)  above  begins  on or after the first
     Contract Anniversary;

3.   the withdrawal  request and proof  satisfactory  to us of  confinement  are
     received by us at our Annuity  Service Office either while you are confined
     or within 90 days after such confinement;

4.   confinement in a Nursing Home and/or  Hospital is prescribed by a Physician
     and is Medically Necessary; and

5.   you have been the Owner  continuously  since the Issue Date, or have become
     the Owner as spousal Beneficiary who continues the Contract.

In the case of Joint Owners,  this Rider  applies to either Joint Owner.  If the
Owner is not a natural person, this Rider applies to the Annuitant.






DEFINITIONS

Hospital -- A facility which:

(1)  is located in the United States or its territories;

(2)  is licensed as a hospital by the jurisdiction in which it is located;

(3)  is supervised by a staff of licensed physicians;

(4)  provides nursing services 24 hours a day by, or under the supervision of, a
     registered nurse (R.N.);

(5)  operates  primarily for the care and treatment of sick and injured  persons
     as inpatients for a charge; and

(6)  has access to medical and diagnostic facilities.

Intermediate Care Facility -- A facility which:

(1)  is located in the United States;

(2)  is licensed and operated as an Intermediate Care Facility  according to the
     laws of the jurisdiction in which it is located;

(3)  provides  continuous  24 hours a day  nursing  service  by,  or  under  the
     supervision  of, a registered  nurse (R.N.) or a licensed  practical  nurse
     (L.P.N.); and

(4)  maintains a daily medical record of each patient.

Medically  Necessary -- Appropriate  and consistent with the diagnosis in accord
with  accepted  standards  of  practice  and which  could not have been  omitted
without affecting the individual's condition.

Nursing Home -- A facility which is a Skilled Nursing Facility,  an Intermediate
Care Facility or Residential Care Facility. Nursing Home does not mean:

(1)  a home for the aged,  a  community  living  center or place that  primarily
     provides domiciliary, residency or retirement care; or

(2)  a place  owned or operated  by a member of the  Owner's  immediate  family.
     Immediate  family members  include the Owner's spouse,  children,  parents,
     grandparents, grandchildren, siblings and in-laws.

Physician  -- Any person duly  licensed  and legally  qualified  to diagnose and
treat sickness and injuries.  A physician must be providing  services within the
scope of his or her  license.  A  Physician  may not be a member of the  Owner's
immediate family.

Residential Care Facility -- A facility which:

(1)  is located in the United States or its territories;






(2)  is licensed and operated as a Residential  Care  Facility  according to the
     laws of the jurisdiction in which it is located; and

(3)  provides nursing care under the supervision of a registered nurse (R.N.).

Skilled Nursing Facility -- A facility which:

(1)  is located in the United States or its territories;

(2)  is licensed and  operated as a Skilled  Nursing  Facility  according to the
     laws of the jurisdiction in which it is located;

(3)  provides   skilled  nursing  care  under  the  supervision  of  a  licensed
     physician;

(4)  provides  continuous  24 hours a day  nursing  services  by,  or under  the
     supervision of, a registered nurse (R.N.); and

(5)  maintains a daily medical record of each patient.

This Rider will terminate on the Annuity Date.

Security First Life Insurance  Company has caused this Rider to be signed by its
President and Secretary.

Form 7021 (11/00)