<PAGE>

Kemper Investors Life Insurance Company                     [LOGO APPEARS HERE]
A Stock Life Insurance Company                              ZURICH
1600 McConnor Parkway                                        LIFE
Schaumburg, Illinois 60196-6801




RIGHT TO CANCEL - FREE LOOK PROVISION - At anytime within 10 days of receiving
this Certificate You may return it to Us or to the representative through whom
it was purchased. All Purchase Payments allocated to the Fixed Account plus the
Separate Account Certificate Value plus Market Adjusted Values computed at the
end of the valuation period following Our receipt of this Certificate will then
be refunded within 10 days.

This Certificate is issued pursuant to the terms of the Master Policy number
K1005 issued by Kemper Investors Life Insurance Company ("KILICO").

We agree to pay an Annuity to the Owner on the Annuity Date provided this
Certificate is in force on the Annuity Date.

We further agree to pay the death benefit prior to the Annuity Date upon the
death of an Owner when a death benefit is payable. Payment will be made upon Our
receipt of due proof of death and the return of this Certificate.

This Certificate is not the insurance contract and does not amend, extend or
alter the coverage afforded under the Master Policy. The Certificate summarizes
the applicable principal provisions of the Master Policy, which alone
constitutes the entire contract between KILICO and the Master Policyholder.

This Certificate constitutes evidence of coverage under the Master Policy if We
have received the initial Purchase Payment. The benefits and provisions
described on the following pages are subject in all respects to the terms and
conditions of the Master Policy.

Signed for Kemper Investors Life Insurance Company at its home office in
Schaumburg, Illinois.

/S/ Debra P. Rezabek                   /S/ Gale K. Caruso
--------------------                   --------------------
Secretary                              President

GROUP FLEXIBLE PREMIUM MODIFIED GUARANTEED, FIXED AND VARIABLE DEFERRED ANNUITY
CERTIFICATE

NON-PARTICIPATING

BENEFITS, PAYMENTS AND VALUES PROVIDED BY THE CERTIFICATE, WHEN BASED ON THE
INVESTMENT EXPERIENCE OF THE SUBACCOUNTS, ARE VARIABLE AND ARE NOT GUARANTEED AS
TO DOLLAR AMOUNT. REFER TO THE VARIABLE ACCOUNT AND ANNUITY PERIOD PROVISIONS
FOR A DETERMINATION OF ANY VARIABLE BENEFITS.

BENEFITS, PAYMENTS AND VALUES PROVIDED BY THE CERTIFICATE, WHEN BASED ON
GUARANTEE PERIOD VALUES, MAY INCREASE OR DECREASE IN ACCORDANCE WITH THE MARKET
VALUE ADJUSTMENT FORMULA STATED IN THE CERTIFICATE SCHEDULE.

READ YOUR CERTIFICATE CAREFULLY.

Form No. L-8824


<PAGE>

                             TABLE OF CONTENTS                              Page


CERTIFICATE SCHEDULE                                   Follows Table of Contents

DEFINITIONS                                                                  1-3

GENERAL PROVISIONS                                                           3-4
  The Entire Contract                                                        3
  Modification of Contract                                                   3
  Certificates                                                               3
  Incontestability                                                           3
  Change of Annuity Date                                                     3
  Assignment                                                                 3
  Due Proof of Death                                                         3
  Reserves, Certificate Values and Death Benefits                            3
  Non-Participating                                                          3
  Reports                                                                    3
  Premium Taxes                                                              4
  Creditors                                                                  4

OWNER, BENEFICIARY AND ANNUITANT PROVISIONS                                  4-5
  Owner                                                                      4
  Change of Ownership                                                        4
  Beneficiary Designation and Change of Beneficiary                          4
  Death of Beneficiary                                                       4
  Annuitant                                                                  5

PURCHASE PAYMENT PROVISIONS                                                  5
  Purchase Payment Limitations                                               5
  Place of Payment                                                           5

FIXED ACCOUNT PROVISIONS                                                     5
  Fixed Account Certificate Value                                            5

GUARANTEE PERIOD PROVISIONS                                                  6
  Guarantee Period                                                           6
  Guaranteee Period Value                                                    6
  Marker Value Adjustment                                                    6

VARIABLE ACCOUNT PROVISIONS                                                  6-7
  Separate Account                                                           6
  Liabilities of the Separate Account                                        6
  Subaccounts                                                                6
  Fund                                                                       7
  Rights Reserved by the Company                                             7
  Accumulation Unit Value                                                    7
  Investment Experience Factor                                               7

TRANSFER AND WITHDRAWAL PROVISIONS                                           8-9
  Transfers During the Accumulation Period                                   8
  Withdrawals During the Accumulation Period                                 8
  Withdrawal Charges                                                         8
  Transfers and Withdrawal Procedures                                        9
  Deferment of Withdrawal or Transfer                                        9

L-8824

<PAGE>

                               TABLE OF CONTENTS                           Page

DEATH BENEFIT PROVISIONS                                                   9-10
  Amount Payable Upon Death                                                9
  Payment of Death Benefits During the Accumulation Period                 10
  Spousal Continuation                                                     10

ANNUITY PERIOD PROVISIONS                                                  10-16
  Annuity Options                                                          10
  Option 1 Fixed Installment Annuity                                       10
  Option 2 Life Annuity                                                    10
  Option 3 Life Annuity with Installments Guaranteed                       10
  Option 4 Joint and Survivor Annuity                                      11
  Option 5 Joint and Survivor Annuity with Installments Guaranteed         11
  Other Options                                                            11
  Commutability                                                            11
  Election of Annuity Option                                               11-12
  Electing a Fixed or Variable Annuity Option                              12
  Fixed Annuity                                                            12
  Variable Annuity                                                         12-13
  Annuity Unit Value                                                       13
  Basis of Annuity Options                                                 13
  Withdrawal Charge Upon Annuitization                                     13
  Transfers Between Subaccounts                                            13-14
  Conversions from a Fixed Account Payment                                 14
  Conversions to a Fixed Annuity Payment                                   15
  Payment of Death Benefits During the Annuity Period                      15-16
  Disbursement Upon Death of Annuitant: Under Options 1, 3 or 5            16
  Supplementary Agreement                                                  16
  Date of First Payment                                                    16
  Evidence of Age, Sex and Survival                                        16
  Misstatement of Age or Sex                                               16

ANNUITY OPTION TABLE                                          Follows Page 16

ENDORSEMENTS, if any                              Follow Annuity Option Table

L-8824

<PAGE>

                              Certificate Schedule

Certificate Number:         KI10000000   Issue Date:               June 1, 2002

Initial Purchase Payment:   $10,000.00   Type of Certificate       Nonqualified

Owner:                      John Doe

Owner Date of Birth:        02/05/67

Joint Owner:                Mary Doe

Joint Owner Date of Birth:  05/02/67



Annuitant:                  John Doe

Annuitant Gender:           Male           Annuitant Date of Birth: 02/05/67


Joint Annuitant:            Mary Doe


Joint Annuitant Gender:     Female   Joint Annuitant Date of Birth: 05/02/67


Representative:             Richard Smith
                            ABC Agency Inc.


8824

<PAGE>

                              Certificate Schedule

Annuity Date:         June 1, 2021

Maximum Annuity Date: Later of the original youngest annuitant's 91st birthday
                      or 10 years from issue.

Minimum Annuity Date: The minimum annuity date is two years from the issue date.

[Date of Continuance: NA]

Optional Enhanced
 Death Benefit rider: Option 1      Yes
                      Option 2      Not Selected

Guaranteed Roll-up Death Benefit Interest Rate:
     Class 1 Accumulations Options      0.00%
     Class 2 Accumulation Options       5.00%

Beneficiary(ies):
     Primary:         James Doe
    [Contingent:      Jane Doe]

8824

<PAGE>

                              Certificate Schedule


<TABLE>
<CAPTION>
Initial Purchase Payment Allocation:       Allocation   Initial Annual Effective
                                           Percentage        Interest Rates*
                                           ----------   ------------------------
<S>                                        <C>          <C>
Fixed Account
1 Year Guarantee Period Account               2 %                 5.25%
Scudder Capital Growth                        2 %                 5.35%
Scudder International                         2 %
SVS Growth and Income                         2 %
Scudder Global Blue Chip                      2 %
SVS Dynamic Growth                            2 %
Scudder Contrarian Value                      2 %
Scudder Blue Chip                             2 %
SVS Focus Value+Growth                        2 %
Scudder Aggressive Growth                     2 %
Scudder Growth and Income                     2 %
Scudder High Yield                            2 %
Scudder Total Return                          2 %
SVS Venture Value                             2 %
Scudder Investment Grade Bond                 2 %
Scudder Government Securities                 34%
Money Market 1                                32%
</TABLE>




* Additional amounts may be credited under a dollar cost averaging program.

8824

<PAGE>

                              Certificate Schedule

Class 1 Accumulation Options:

Fixed Accumulation Option
-------------------------
Fixed Account


Market Value Adjustment options:
--------------------------------
1 Year Guarantee Period Account     6 Year Guarantee Period Account
2 Year Guarantee Period Account     7 Year Guarantee Period Account
3 Year Guarantee Period Account     8 Year Guarantee Period Account
4 Year Guarantee Period Account     9 Year Guarantee Period Account
5 Year Guarantee Period Account    10 Year Guarantee Period Account


Variable Subaccount options available on Issue Date:
----------------------------------------------------
Scudder Money Market I
Scudder Money Market II


8824

<PAGE>

                              Certificate Schedule

Class 2 Accumulation Options:

Fixed Accumulation Option
-------------------------
None

Market Value Adjustment options:
--------------------------------
None

Variable Subaccount options available on Issue Date:
----------------------------------------------------
Alger American Balanced
Alger American Leveraged All Cap
CS Emerging Markets
CS Global Post-Venture Capital
Dreyfus Socially Responsible Fund
Dreyfus VIF Midcap Stock
Scudder 21st Century Growth
Scudder Capital Growth
Scudder Global Discovery
Scudder Growth and Income
Scudder Health Sciences
Scudder International
Scudder Aggressive Growth
Scudder Blue Chip
Scudder Contrarian Value
Scudder Global Blue Chip
Scudder Government Securities
Scudder Growth
Scudder High Yield
Scudder International Select Equity
Scudder Investment Grade Bond
Scudder Small Cap Growth
Scudder Small Cap Value
Scudder Technology Growth
Scudder Total Return
SVS Dreman Financial Services
SVS Dreman High Return Equity
SVS Dynamic Growth (Invesco)
SVS Focus Value+Growth
SVS Focused Large Cap Growth
SVS Growth And Income
SVS Growth Opportunities
SVS Index 500
SVS Mid-Cap Growth
SVS Strategic Equity
SVS Venture Value
SVS Dreman Small Cap Value
SVS MFS Strategic Value

8824

<PAGE>

                              Certificate Schedule

Minimum Initial Purchase Payment                 [Non-Qualified $10,000]
                                                 [Qualified $2,000]

Minimum Subsequent Purchase Payment:             [$500 for nonqualified
                                                 certificates, $50 for all other
                                                 certificate types]
                                                 [$100 if using Systematic
                                                 Accumulation Plan]

Maximum Total Purchase Payments:                 [$1,000,000]

Minimum Initial Account Allocation:              [$500 for each subaccount,
                                                 fixed account or each GPA.]

Minimum Subsequent Account Allocation:           [$50 for each subaccount or
                                                 fixed account. $500 for each
                                                 GPA.]

Minimum Certificate Value
  after a Partial Withdrawal:                    [$5,000]


                            Withdrawal Charge Table

<TABLE>
<CAPTION>
Years elapsed since purchase
    Payment was received                    Withdrawal Charge
<S>                                         <C>
----------------------------                -----------------
  Less than one                                    7%
  One but less than two                            8%
  Two but less than three                          5%
  Three but less than four                         4%
  Four or more                                     0%
</TABLE>

For purposes of determining the withdrawal charge, the first year will elapse on
the last day of the Certificate Year in which the Purchase Payment was received.
Subsequent years will elapse on the last day of each subsequent Certificate
Year.

Free Withdrawal Allowance:

The Free Withdrawal Allowance is an amount that may be withdrawn each
Certificate Year without a withdrawal charge. This amount is calculated on the
Issue Date and each Certificate Anniversary and is equal to 10% of remaining
Purchase Payments subject to a withdrawal charge. On each Certificate
Anniversary remaining Purchase Payments subject to a withdrawal charge are
increased by Purchase Payments made and decreased by Purchase Payments withdrawn
and applicable withdrawal charges since the last Certificate Anniversary. During
the Certificate Year the Free Withdrawal Allowance is reduced by withdrawals
from the Free Withdrawal Allowance and increased by 10% of Purchase Payments
made since the last Certificate Anniversary.


8824

<PAGE>

                              Certificate Schedule

Fixed Account

     A fixed account will be available for purchase payments and transfers of
     existing values. For premiums and transfers allocated to the fixed account,
     the initial interest rate is guaranteed through the end of the calendar
     month in which the purchase payment or transfer was made and for 12
     additional calendar months thereafter. Subsequent fixed account interest
     rates are guaranteed for 12 calendar months.

     The interest rate will never be less than the minimum guaranteed interest
     rate.

     Minimum guaranteed interest rate:                   3.00%

Charges

Mortality and Expense Risk charge:                  [1.55%]

Administration charge:                              [0.15%]

The above annual charges will be assessed as a daily percentage on the Separate
Account Certificate Value.

[Optional Enhanced Death Benefit rider charge:]     Option 1    [0.20%]
                                                    Option 2    [0.35%]

The Optional Enhanced Death Benefit rider charge applies to the Class 2
accumulation options. This charge does not apply to the Class 1 accumulation
options.

Records Maintenance Charge:                         [$30] per contract year

     We will assess an annual records maintenance charge on each Certificate
     Anniversary and upon total withdrawal. However, if the Certificate Value is
     greater than or equal to [$50,000] on a Certificate Anniversary or date of
     total withdrawal, we will not assess the records maintenance charge on that
     Certificate Anniversary or date of total withdrawal. We will not assess
     this charge after the Annuity Date.

8824

<PAGE>

                              Certificate Schedule

Market Value Adjustment Formula

         The Market Value Adjustment is determined by the application of the
         following formula:

         Market Value Adjustment
         = Guarantee Period Value x [[(l+I)/(1+J)]/T/365/-1]

         Where,

         I is the guaranteed interest rate being credited to the Guarantee
         Period Value subject to the Market Value Adjustment.

         J is the current interest rate declared by the Company as of the
         effective date of the application of the Market Value Adjustment, for
         current allocation to a Guarantee Period, the length of which is equal
         to the balance of the Guarantee Period for the Guarantee Period Value
         subject to the Market Value Adjustment, rounded to the next lower
         number of complete years.

         T is the number of days remaining in the Guarantee Period.

<PAGE>

DEFINITIONS

ACCUMULATED GUARANTEE PERIOD VALUE - The sum of the Guarantee Period Values.

ACCUMULATION PERIOD - The period between the Issue Date and the Annuity Date.

ACCUMULATION UNIT - An accounting unit of measure used to calculate the value of
each Subaccount. Each Subaccount will have an Accumulation Unit for each
combination of charges.

ADMINISTRATION CHARGE - A charge deducted in the calculation of the Accumulation
Unit value and the Annuity Unit value for a portion of Our administrative costs.

AGE - The attained age.

ANNIVERSARY VALUE - The Certificate Value calculated on each Certificate
Anniversary during the Accumulation Period.

ANNUITANT - The person during whose lifetime the Annuity is to be paid. Joint
Annuitants may be named under Non-qualified Certificates and any reference to
Annuitant shall include joint Annuitants.

ANNUITY - A series of payments paid in accordance with this Certificate which
begin on the Annuity Date.

ANNUITY DATE - The date on which this Certificate matures and Annuity payments
begin. The original Annuity Date is stated in the Certificate Schedule.

ANNUITY PERIOD - The period that starts on the Annuity Date.

ANNUITY UNIT - An accounting unit of measure used to calculate the amount of
Variable Annuity payments after the first Annuity payment.

CERTIFICATE - An individual Certificate which We issue to You as evidence of the
rights and benefits under the Master Policy.

CERTIFICATE ANNIVERSARY - An anniversary of the Issue Date.

CERTIFICATE OWNER, OR OWNER - See "You, Your, Yours" below.

CERTIFICATE VALUE - The sum of the Fixed Account Certificate Value plus the
Separate Account Certificate Value plus the Accumulated Guarantee Period Value.

CERTIFICATE YEAR - A one year period starting on the Issue Date and successive
Certificate Anniversaries.

DEBT - The principal of any outstanding loan plus any accrued interest. Loans
are available under certain Qualified Plans.

FIXED ACCOUNT - The General Account of KILICO to which an Owner may allocate all
or a portion of Purchase Payments or Certificate Value.

FIXED ACCOUNT CERTIFICATE VALUE - The value of amounts allocated under the
Certificate to the Fixed Account.

FIXED ANNUITY - An Annuity payment plan that does not vary as to dollar amount
with investment experience.

FREE WITHDRAWAL ALLOWANCE - Amount of Purchase Payments subject to a withdrawal
charge that may be withdrawn each Certificate Year without incurring a
withdrawal charge as described in the Certificate Schedule.

FUND - An investment company or separate series thereof, in which the
Subaccounts of the Separate Account invest.

GENERAL ACCOUNT - Our assets other than those allocated to the Separate Account,
the non-unitized separate account or any other separate account.

L-8824                                                                    Page 1

<PAGE>

DEFINITIONS (continued)


GUARANTEE PERIOD - A period of time during which an amount is to be credited
with a guaranteed interest rate, subject to a Market Value Adjustment prior to
the end of the Guarantee Period. The Guarantee Periods initially offered are
stated in the Certificate Schedule.

GUARANTEE PERIOD VALUE - The (1) Purchase Payments allocated or amounts
transferred to a Guarantee Period; plus (2) interest credited; minus (3)
withdrawals, previously assessed withdrawal charges and transfers; adjusted for
(4) any applicable Market Value Adjustment previously made.

ISSUE DATE - The Issue Date stated in the Certificate Schedule.

MARKET ADJUSTED VALUE - A Guarantee Period Value adjusted by the Market Value
Adjustment formula prior to the end of a Guarantee Period.

MARKET VALUE ADJUSTMENT - An adjustment of Guarantee Period Values in accordance
with the Market Value Adjustment formula prior to the end of the Guarantee
Period. The adjustment reflects the change in the value of the Guarantee Period
Value due to changes in interest rates since the date the Guarantee Period
commenced. The Market Value Adjustment formula is stated in the Certificate
Schedule.

MORTALITY AND EXPENSE RISK CHARGE - A charge deducted in the calculation of the
Accumulation Unit value and the Annuity Unit value. It is for Our assumption of
mortality risks and expense guarantees. This charge is shown in the Certificate
Schedule.

NONQUALIFIED - This Certificate issued other than as a Qualified Plan.

PAYEE - A recipient of periodic payments under the Certificate.

PURCHASE PAYMENTS - The dollar amount We receive in U.S. currency to buy the
benefits this Certificate provides.

QUALIFIED PLAN - A Certificate issued under a retirement plan which qualifies
for favorable income tax treatment under Section 401, 403, 408, 408A, or 457 of
the Internal Revenue Code as amended.

If this Certificate is issued under a Qualified Plan additional provisions may
apply. The rider or amendment to this Certificate used to qualify it under the
applicable section of the Internal Revenue Code will indicate the extent of
change in the provisions.

RECORDS MAINTENANCE CHARGE - A charge assessed against Your Certificate as
specified in the Certificate Schedule.

SEPARATE ACCOUNT - A unit investment trust registered with the Securities and
Exchange Commission under the Investment Company Act of 1940 known as the KILICO
Variable Annuity Separate Account.

SEPARATE ACCOUNT CERTIFICATE VALUE - The sum of the Subaccount Values of this
Certificate on a Valuation Date.

SUBACCOUNTS - The subdivisions of the Separate Account, the assets of which
consist solely of shares of the corresponding Fund portfolio.

SUBACCOUNT VALUE - The value of Your interest in each Subaccount.

VALUATION DATE - Each business day that applicable law requires that We value
the assets of the Separate Account. Currently this is each day that the New York
Stock Exchange is open for trading.

VALUATION PERIOD - The period that starts at the close of a Valuation Date and
ends at the close of the next succeeding Valuation Date.

L-8824                                                                    Page 2

<PAGE>

DEFINITIONS (continued)

VARIABLE ANNUITY - An Annuity payment plan which varies as to dollar amount
because of Subaccount investment experience.

WE, OUR, US - Kemper Investors Life Insurance Company, Schaumburg, Illinois.

YOU, YOUR, YOURS - The party(s) named as Owner unless later changed as provided
in this Certificate. Under a Nonqualified Certificate when more than one person
is named as Owner, the terms "You," "Your," "Yours," means joint Owners. The
Owner may be changed during the lifetime of the Owner and prior to the Annuity
Date. The Owner, prior to distribution of any death benefit, has the exclusive
right to exercise every option and right conferred by this Certificate.



GENERAL PROVISIONS


The Entire Contract            The Master Policy, Master Policy Application, any
                               written application attached to the Certificate,
                               and any endorsements and riders constitute the
                               entire contract between the parties.

Modification of Contract       Only Our president, secretary and assistant
                               secretaries have the power to approve a change or
                               waive any provisions of the Master Policy or this
                               Certificate. Any such modifications must be in
                               writing. No agent or person other than the
                               officers named has the authority to change or
                               waive the provisions of the Master Policy or this
                               Certificate.

                               Upon notice to You, this Certificate may be
                               modified by Us as is necessary to comply with any
                               law or regulation issued by a governmental agency
                               to which We or the Separate Account is subject
                               or as is necessary to assure continued
                               qualification of this Certificate under the
                               Internal Revenue Code or other laws relating to
                               retirement plans or annuities or as otherwise may
                               be in Your best interest. In the event of a
                               modification, We may make appropriate endorsement
                               to this Certificate and We will obtain all
                               required regulatory approvals.

Certificates                   We will issue an individual Certificate to each
                               Owner as evidence of his or her rights and
                               benefits under the Master Policy.

Incontestability               We cannot contest this Certificate after it has
                               been in force for two years from the Issue Date.

Change of Annuity Date         You may write to Us prior to the death of an
                               Owner and the first Annuity payment date and
                               request a change of the Annuity Date. The new
                               Annuity Date must not be earlier than the minimum
                               Annuity Date or beyond the maximum Annuity Date
                               stated in the Certificate Schedule.

Assignment                     No assignment under this Certificate is binding
                               unless We receive it in writing. We assume no
                               responsibility for the validity or sufficiency of
                               any assignment. The rights of the Owner,
                               Annuitant and beneficiary are subject to the
                               assignment after it has been recorded by Us. Any
                               claim is subject to proof of interest of the
                               assignee.

Due Proof of Death             We must receive written proof of death of the
                               Owner when a death benefit is payable. The proof
                               may be a certified death certificate, or any
                               other proof satisfactory to Us.

Reserves, Certificate          All reserves are equal to or greater than those
Values and Death Benefits      required by statute. Any available Certificate
                               Value and death benefit are not less than the
                               minimum benefits required by the statutes of the
                               state in which the Certificate is delivered.

Non-Participating              This Certificate does not pay dividends. It will
                               not share in Our surplus or earnings.

Reports                        At least once each Certificate Year We will send
                               You a statement showing Purchase Payments
                               received, interest credited, investment
                               experience, and charges made since the last
                               report, as well as any other information required
                               by statute.

L-8824                                                                    Page 3

<PAGE>

GENERAL PROVISIONS (continued)


Premium Taxes                  We will make a deduction for state premium taxes
                               in certain situations. On any Certificate subject
                               to premium tax, as provided under applicable law,
                               the tax will be deducted from: a. the Purchase
                               Payments when We receive them; b. the Certificate
                               Value upon total withdrawal; or c. from the total
                               Certificate Value applied to any Annuity option
                               at the time Annuity payments start. In no event
                               will an amount be deducted for premium taxes
                               before the Company has incurred a tax liability
                               under applicable state law.

Creditors                      The proceeds of this Certificate and any payment
                               under an Annuity option will be exempt from the
                               claims of creditors and from legal process to the
                               extent permitted by law.



OWNER, BENEFICIARY AND ANNUITANT PROVISIONS


Owner                          Before the Annuity Date and prior to the death of
                               an Owner, You may exercise every option and right
                               conferred by this Certificate including the right
                               of assignment. The joint Owners must agree to the
                               exercise of any option or right if more than one
                               Owner is named.

Change of Ownership            You may change the Certificate Owner by written
                               request before the Annuity Date and prior to the
                               death of an Owner. You must furnish information
                               sufficient to clearly identify the new Owner to
                               Us. The change is subject to any existing
                               assignment of this Certificate. After We receive
                               the change, it will take effect on the date the
                               written notice is signed. However, any action
                               taken by Us before the change is recorded by Us
                               remains in effect. Any change is subject to the
                               payment of any proceeds. We may require You to
                               return this Certificate to Us for endorsement of
                               a change.

Beneficiary Designation and    The beneficiary initially designated is shown in
Change of Beneficiary          the Certificate Schedule. In the case of joint
                               owners, the surviving joint Owner is
                               automatically the primary beneficiary of any
                               death benefit resulting from the death of a joint
                               Owner. You may change the beneficiary if You send
                               Us written notice in a form acceptable to Us.
                               Changes are subject to the following conditions:

                               1.  Prior to the Annuity Date the change must be
                                   filed while You are alive;

                               2.  After the Annuity Date the change must be
                                   filed while You and the Annuitant(s) are
                                   alive;

                               3.  This Certificate must be in force at the time
                                   You file a change;

                               4.  Such change must not be prohibited by the
                                   terms of an existing assignment, beneficiary
                                   designation or other restriction;

                               5.  After We receive the change, it will take
                                   effect on the date the written notice was
                                   signed. However, any action taken by Us
                                   before the change form is recorded by Us will
                                   remain in effect;

                               6.  The request for change must provide
                                   information sufficient to identify the new
                                   beneficiary; and

                               7.  In the case of joint Owners, the designation
                                   of a beneficiary other than the surviving
                                   joint Owner(s) will be deemed to be a
                                   contingent beneficiary(s).

                               We may require You to return this Certificate to
                               Us for endorsement of a change.

Death of Beneficiary           The interest of a beneficiary who dies before the
                               distribution of the death benefit will pass to
                               the other beneficiaries, if any, share and share
                               alike, unless otherwise provided in the
                               beneficiary designation. If no beneficiary
                               survives or is named, the distribution will be
                               made to Your estate when the You die.

L-8824                                                                    Page 4

<PAGE>

Annuitant

                               The initial Annuitant is shown in the Certificate
                               Schedule. Prior to the Annuity Date, an Annuitant
                               may be replaced or added unless the Owner is a
                               non-natural person. At all times there must be at
                               least one Annuitant. If the Annuitant dies, the
                               youngest Owner will become the new Annuitant
                               unless a new Annuitant is otherwise named. Upon
                               the death of an Annuitant prior to the Annuity
                               Date, a death benefit is not paid unless the
                               Owner is a non-natural person.



PURCHASE PAYMENT PROVISIONS


Purchase Payment               The Minimum Initial Purchase Payment, subsequent
Limitations                    Purchase Payment, and maximum total Purchase
                               Payment limits are shown in the Certificate
                               Schedule.

                               The minimum initial allocation or transfer to a
                               Guarantee Period, Fixed Account, or to a
                               Subaccount is shown in the Certificate Schedule.

                               We reserve the right to waive or modify these
                               limits and to aggregate multiple Certificates
                               with the same Owner and/or Annuitants in applying
                               these limits. We also reserve the right to not
                               accept any Purchase Payment.

Place of Payment               All Purchase Payments under this Certificate must
                               be paid to Us at Our home office or such other
                               location as We may select. We will notify You and
                               any other interested parties in writing of such
                               other locations. Purchase Payments received by an
                               agent will not be considered received by Us.



FIXED ACCOUNT PROVISIONS


Fixed Account                  The Fixed Account Certificate Value includes:
Certificate Value
                               1.  Your Purchase Payments allocated to the Fixed
                                   Account; plus

                               2.  amounts transferred to the Fixed Account;
                                   plus

                               3.  interest credited; minus

                               4.  withdrawals, previously assessed withdrawal
                                   charges and transfers from the Fixed Account,
                                   minus

                               5.  any applicable portion of the Records
                                   Maintenance Charge.

                               The initial Fixed Account interest rate credited
                               to the initial Purchase Payment is shown in the
                               Certificate Schedule and is in effect through the
                               period also shown in the Certificate Schedule. We
                               will declare the Fixed Account interest rate
                               applicable to the initial Purchase Payment for
                               each subsequent interest rate period at the
                               beginning of each subsequent interest rate period
                               shown in the Certificate Schedule.

                               We will declare the Fixed Account interest rate
                               with respect to each subsequent Purchase Payment
                               or transfer received. Any such Purchase Payment
                               or transfer We receive will be credited that rate
                               through the end of the interest rate period shown
                               in the Certificate Schedule. We will declare the
                               Fixed Account interest rate applicable to each
                               subsequent Purchase Payment or transfer for each
                               subsequent interest rate period at the beginning
                               of each subsequent interest rate period.

                               We reserve the right to declare the Fixed Account
                               current interest rate(s) based upon the Issue
                               Date, the date We receive a Purchase Payment or
                               the date of account transfer.

                               We calculate the interest credited to the Fixed
                               Account by compounding daily, at daily interest
                               rates, rates that would produce at the end of 12
                               months a result identical to the one produced by
                               applying an annual interest rate.

                               The minimum guaranteed Fixed Account interest
                               rate is shown in the Certificate Schedule.

L-8824                                                                    Page 5

<PAGE>

GUARANTEE PERIOD PROVISIONS


Guarantee Period               We hold all amounts allocated to a Guarantee
                               Period in a non-unitized separate account. The
                               non-unitized separate account may also hold
                               amounts from other contracts and certificates we
                               issue. The assets of this separate account equal
                               to the reserves and other liabilities of this
                               separate account will not be charged with
                               liabilities arising out of any other business we
                               may conduct. The initial Guarantee Periods
                               available under this Certificate are shown in the
                               Certificate Schedule.

Guarantee Period Value         On any Valuation Date, the Guarantee Period Value
                               includes:

                               1.  Your Purchase Payments allocated to the
                                   Guarantee Period; plus

                               2.  amounts transferred to the Guarantee Period;
                                   plus

                               3.  interest credited; minus

                               4.  withdrawals, previously assessed withdrawal
                                   charges and transfers from the Guarantee
                                   Period; minus

                               5.  any applicable portion of the Records
                                   Maintenance Charge; adjusted for

                               6.  any applicable Market Value Adjustment
                                   previously made.


                               The Guarantee Period(s) initially elected and the
                               interest rate(s) initially credited are shown in
                               the Certificate Schedule. The initial interest
                               rate credited to subsequent Purchase Payments or
                               transfers will be declared at the time the
                               payment is received. At the end of a Guarantee
                               Period, We will declare a guaranteed interest
                               rate applicable for the next subsequent Guarantee
                               Period.

                               We calculate the interest credited to the
                               Guarantee Period Value by compounding daily, at
                               daily interest rates, rates which would produce
                               at the end of 12 months a result identical to the
                               one produced by applying an annual interest rate.

Market Value                   The Market Value Adjustment formula is stated in
Adjustment                     the Certificate Schedule. This formula is
                               applicable for both an upward and downward
                               adjustment to a Guarantee Period Value when,
                               prior to the end of a Guarantee Period, such
                               value is:

                               1.  taken as a total or partial withdrawal;

                               2.  applied to purchase an Annuity option; or

                               3.  transferred to another Guarantee Period, the
                                   Fixed Account, or a Subaccount.

                               However, a Market Value Adjustment will not be
                               applied to any Guarantee Period Value transaction
                               effected within 30 days after the end of the
                               applicable Guarantee Period.



VARIABLE ACCOUNT PROVISIONS


Separate Account               The variable benefits under this Certificate are
                               provided through the KILICO Variable Annuity
                               Separate Account. The Separate Account is
                               registered with the Securities and Exchange
                               Commission as a unit investment trust under the
                               Investment Company Act of 1940. It is a separate
                               investment account maintained by Us into which a
                               portion of Our assets has been allocated for this
                               Certificate and may be allocated for certain
                               other contracts and certificates we issue.

Liabilities of the             The assets equal to the reserves and other
Separate Account               liabilities of the Separate Account will not be
                               charged with liabilities arising out of any other
                               business We may conduct. We will value the assets
                               of the Separate Account on each Valuation Date.

Subaccounts                    The Separate Account consists of multiple
                               Subaccounts. We may from time to time, combine or
                               remove Subaccounts in the Separate Account and
                               establish additional Subaccounts of the Separate
                               Account. In such event, We may permit You to
                               select other Subaccounts under the Certificate.
                               However, the right to select any other Subaccount
                               is limited by the terms and conditions We may
                               impose on such transactions.

L-8824                                                                    Page 6

<PAGE>

VARIABLE ACCOUNT PROVISIONS (continued)


Fund                           Each Subaccount of the Separate Account will buy
                               shares of a Fund or a separate series of a Fund.
                               Each Fund is registered under the Investment
                               Company Act of 1940 as an open-end diversified
                               management investment company. Each series of a
                               Fund represents a separate investment portfolio
                               which corresponds to one of the Subaccounis of
                               the Separate Account.

                               If We establish additional Subaccounts, each new
                               Subaccount will invest in a new series of a Fund
                               or in shares of another investment company. We
                               may also substitute other investment companies.

Rights Reserved by             We reserve the right, subject to compliance with
the Company                    the current law or as it may be changed in the
                               future:

                               1.  To operate the Separate Account in any form
                                   permitted under the Investment Company Act of
                                   1940 or in any other form permitted by law;

                               2.  To take any action necessary to comply with
                                   or obtain and continue any exemptions from
                                   the Investment Company Act of 1940 or to
                                   comply with any other applicable law;

                               3.  To transfer any assets in any Subaccount to
                                   another Subaccount or to one or more Separate
                                   Accounts, or the General Account, or to add,
                                   combine or remove Subaccounts in the Separate
                                   Account;

                               4.  To delete the shares of any of the portfolios
                                   of a Fund or any other open-end investment
                                   company and to substitute, for the Fund
                                   shares held in any Subaccount, the shares of
                                   another portfolio of a Fund or the shares of
                                   another investment company or any other
                                   investment permitted by law; and

                               5.  To change the way We assess charges, but not
                                   to increase the aggregate amount above that
                                   currently charged to the Separate Account and
                                   the Funds in connection with this
                                   Certificate.

                               When required by law, We will obtain Your
                               approval of such changes and the approval of any
                               regulatory authority.

Accumulation Unit Value        Each Subaccount has an Accumulation Unit value
                               for each combination of charges. When Purchase
                               Payments or other amounts are allocated to a
                               Subaccount, a number of units are purchased based
                               on the relevant Accumulation Unit value of the
                               Subaccount at the end of the Valuation Period
                               during which the allocation is made. When amounts
                               are transferred out of or deducted from a
                               Subaccount, units are redeemed in a similar
                               manner. The value of a Subaccount on any
                               Valuation Date is the number of units held in
                               the Subaccount times the relevant Accumulation
                               Unit value on that Valuation Date.

                               An Accumulation Unit value for each subsequent
                               Valuation Period is the relevant investment
                               experience factor for that period multiplied by
                               the Accumulation Unit value for the period
                               immediately preceding. The Accumulation Unit
                               values for each Valuation Period are applied to
                               each day in a Valuation Period. The number of
                               Accumulation Units will not change as a result of
                               investment experience; however, adding, deleting
                               or modifying a rider for this Certificate will
                               result in a change in the number of Accumulation
                               Units.

Investment Experience          Each Subaccount has an investment experience
Factor                         factor for each combination of charges. The
                               investment experience factor of a Subaccount for
                               a combination of charges for a Valuation Period
                               is determined by dividing 1. by 2. and
                               subtracting 3. from the result, where:

                               1.  is the net result of:

                                   a.  the net asset value per share of the
                                       investment held in the Subaccount
                                       determined at the end of the current
                                       Valuation Period; plus

                                   b.  the per share amount of any dividend or
                                       capital gain distributions made by the
                                       investments held in the Subaccount, if
                                       the "ex-dividend" date occurs during the
                                       current Valuation Period; plus or minus

                                   c.  a credit or charge for any taxes reserved
                                       for the current Valuation Period which We
                                       determine resulted from the investment
                                       operations of the Subaccount;

                               2.  is the net asset value per share of the
                                   investment held in the Subaccount, determined
                                   at the end of the last Valuation Period;

                               3.  is the factor representing the sum of the
                                   Separate Account charges currently applicable
                                   for the number of days in the Valuation
                                   Period.

L-8824                                                                    Page 7

<PAGE>

TRANSFER AND WITHDRAWAL PROVISIONS


Transfers During the           Transfers may be made among the Subaccounts,
Accumulation Period            Guarantee Periods and the Fixed Account subject
                               to the following conditions:

                               1.  The minimum amount which may be transferred
                                   is the Minimum Subsequent Account Allocation
                                   stated in the Certificate Schedule or, if
                                   smaller, the remaining value in the Fixed
                                   Account or a Subaccount or Guarantee Period.

                               2.  No partial transfer will be made if the
                                   remaining value of the Fixed Account,
                                   Subaccount, or Guarantee Period will be less
                                   than the Minimum Initial Account Allocation
                                   stated in the Certificate Schedule.

                               3.  No transfer may be made within seven calendar
                                   days of the date on which the first Annuity
                                   payment is due.

                               4.  We reserve the right to impose a 15 calendar
                                   day waiting period between transfers for any
                                   transfer in excess of 12 in a Certificate
                                   Year.

                               5.  We reserve the right to assess a $10.00
                                   charge for each transfer in excess of 12 in a
                                   Certificate Year.

                               6.  Any transfer from a Guarantee Period is
                                   subject to a Market Value Adjustment unless
                                   the transfer is effected within thirty days
                                   after the end of the applicable Guarantee
                                   Period.

                               Any transfer request must clearly specify:

                               1.  the amount which is to be transferred; and

                               2.  the names of the accounts which are affected.

                               For the Fixed Account and Guarantee Period
                               accounts, We will transfer Purchase Payments and
                               all related accumulation received in a given
                               Certificate Year, in the chronological order We
                               receive them.

                               We reserve the right at any time and without
                               notice to any party, to terminate, suspend, or
                               modify these transfer rights.

Withdrawals During the         During the Accumulation Period, You may withdraw
Accumulation Period            all or part of the Certificate Value reduced by
                               any withdrawal charge, Debt and applicable
                               premium taxes, and adjusted by any applicable
                               Market Value Adjustment.

                               Withdrawals are subject to all of the following
                               conditions:

                               1.  You must return the Certificate to Us if You
                                   elect a total withdrawal.

                               2.  Each withdrawal must be at least $500 or the
                                   value that remains in the Fixed Account,
                                   Subaccount or Guarantee Period if smaller.

                               3.  The Minimum Subsequent Account Allocation
                                   stated in the Certificate Schedule must
                                   remain in the account after You make a
                                   withdrawal unless the account is eliminated
                                   by such withdrawal.

                               4.  We must receive a written request that
                                   indicates the amount of the withdrawal from
                                   the Fixed Account and each Subaccount and
                                   Guarantee Period.

                               5.  Withdrawals will reduce each investment
                                   option on a proportional basis unless You
                                   direct Us otherwise.

                               6.  Withdrawals will first reduce Your Purchase
                                   Payments in the chronological order in which
                                   they were received and then reduce any
                                   earnings.

                               7.  If a partial withdrawal would reduce the
                                   Certificate Value to less than the Minimum
                                   Certificate Value after a Partial Withdrawal
                                   stated in the Certificate Schedule, the
                                   partial withdrawal will be processed as a
                                   total withdrawal.

L-8824                                                                    Page 8

<PAGE>

TRANSFER AND WITHDRAWAL PROVISIONS (continued)


Withdrawal Charges             Withdrawal charges are shown in the Certificate
                               Schedule. For purposes of calculating Withdrawal
                               Charges, We will assume that amounts are
                               withdrawn in the following order:

                               1.  Purchase Payments no longer subject to a
                                   Withdrawal Charge,

                               2.  Free Withdrawal Allowance,

                               3.  Purchase Payments in chronological order in
                                   which they were received,

                               4.  Earnings.

Transfer and Withdrawal        We will withdraw or transfer from the Fixed
Procedures                     Account or Guarantee Periods as of the Valuation
                               Date that follows the date We receive the Owner's
                               written or telephone transfer request. To process
                               a withdrawal, the request must contain all
                               required information.

                               We will redeem the necessary number of
                               Accumulation Units to achieve the dollar amount
                               when the withdrawal or transfer is made from a
                               Subaccount. We will reduce the number of
                               Accumulation Units credited in each Subaccount by
                               the number of Accumulation Units redeemed. The
                               reduction in the number of Accumulation Units is
                               determined based on the Accumulation Unit value
                               at the end of the Valuation Period when We
                               receive the request, provided the request
                               contains all required information. We will pay
                               the withdrawal amount within seven calendar days
                               after the date We receive the request, except as
                               provided below.

Deferment of Withdrawal        If the withdrawal or transfer is to be made from
or Transfer                    a Subaccount, We may suspend the right of
                               withdrawal or transfer or delay payment more than
                               seven calendar days:

                               1.  during any period when the New York Stock
                                   Exchange is closed other than customary
                                   weekend and holiday closings;

                               2.  when trading in the markets normally utilized
                                   is restricted, or an emergency exists as
                                   determined by the Securities and Exchange
                                   Commission, so that disposal of investments
                                   or determination of the Accumulation Unit
                                   value is not practical; or

                               3.  for such other periods as the Securities and
                                   Exchange Commission by order may permit for
                                   protection of Owners.

                               We may defer the payment of a withdrawal or
                               transfer from the Fixed Account or Guarantee
                               Periods, for the period permitted by law. This
                               can never be more than six months after the Owner
                               sends Us a written request. During the period of
                               deferral, We will continue to credit interest, at
                               the then current interest rate(s), to the Fixed
                               Account Certificate Value and/or each Guarantee
                               Period Value.

DEATH BENEFIT PROVISIONS

Amount Payable                 When a death benefit is payable We will pay the
Upon Death                     greater of 1. or 2. below, less Debt.

                               1.  the Certificate Value, excluding any negative
                                   but including any positive market value
                                   adjustment.

                               2.  the total amounts of purchase payments, less
                                   previous Purchase Payments withdrawn and
                                   withdrawal charges.

                               We compute the Certificate Value at the end of
                               the Valuation Period following our receipt of due
                               proof of death and the return of this
                               Certificate. We compute 2. above as of Your date
                               of death.

Payment of Death               A death benefit will be paid to the beneficiary
Benefits During the            upon the death of the Owner, or a joint Owner,
Accumulation Period            during the Accumulation Period. If the
                               Certificate Owner is a non-natural person, a
                               death benefit will be paid to the beneficiary
                               upon the death of an Annuitant prior to the
                               Annuity Date.

                               We will pay the death benefit to the beneficiary
                               after We receive due proof of death. We will then
                               have no further obligation under this
                               Certificate.


L-8824                                                                    Page 9

<PAGE>

DEATH BENEFIT PROVISIONS (continued)


                               The entire interest in this Certificate must be
                               distributed within five years from the date of
                               death unless it is applied under an Annuity
                               Option or the spouse continues this Certificate
                               as described below.

                               The beneficiary may elect to have the death
                               benefit be distributed as stated in Annuity
                               Period Provisions Option 1 provided the
                               beneficiary's life expectancy is not less than
                               10 years; or Options 2 or 3 as described in the
                               Annuity Period Provisions of this Certificate,
                               based on the life expectancy of the beneficiary
                               as prescribed by federal regulations unless You
                               have restricted the right to make such an
                               election. The beneficiary must make this choice
                               within sixty days of the time We receive due
                               proof of death, and distributions must commence
                               within one year of the date of death.

                               If the beneficiary is a non-natural person, the
                               beneficiary must elect that the entire death
                               benefit be distributed within five years of the
                               date of death.

Spousal Continuation           If this Certificate was issued as a Nonqualified
                               Plan or an Individual Retirement Annuity ("IRA")
                               and Your spouse is the primary beneficiary when
                               You die, Your surviving spouse may elect to be
                               the successor Owner of this Certificate. This is
                               known as a Spousal Continuation. In such a case,
                               no death benefit will be payable upon your death.

                               Upon Your death, Your surviving spouse may
                               continue this Certificate thereby waiving claim
                               to the death benefit otherwise payable. Electing
                               to continue this Certificate under the Spousal
                               Continuation provision of this Certificate will
                               affect how the charges and benefits under this
                               Certificate and applicable endorsements are
                               calculated or determined.

                               If a Spousal Continuation is elected, the
                               Certificate Value will be adjusted to equal the
                               amount otherwise payable as a death benefit under
                               this Certificate subject to the following:

                               A.  The Certificate Value will be adjusted to
                                   equal the amount of the death benefit. If the
                                   death benefit otherwise payable exceeds the
                                   Certificate Value one day prior to the date
                                   of continuance, such excess will be credited
                                   to the money market Subaccount listed in the
                                   Certificate Schedule. This amount may
                                   subsequently be transferred from the money
                                   market Subaccount to other options under this
                                   Certificate.

                               B.  Upon the death of Your surviving spouse
                                   before the Annuity Date, the amount of the
                                   death benefit payable will be determined as
                                   if: (1) the Certificate was issued on the
                                   date of continuance; (2) the Certificate
                                   Value applied on the date of continuance
                                   resulted from our receipt of an initial
                                   Purchase Payment,

                               C.  Withdrawal charges will not apply to
                                   withdrawals made from the Certificate Value
                                   credited on the date of continuance.
                                   Withdrawal Charges will apply to Purchase
                                   Payments made after the date of continuance.

                               D.  This Certificate may not be continued under a
                                   subsequent Spousal Continuation.

                               We may make certain riders available to the
                               surviving spouse at the time of continuance.

ANNUITY PERIOD PROVISIONS

Annuity Options                You may annuitize this Certificate under one of
                               the following Annuity options:

Option 1                       We will make monthly payments for 10 years.
Fixed Installment Annuity

Option 2                       We will make monthly payments while the Annuitant
Life Annuity                   is alive.

Option 3                       We will make monthly payments for a 10 year
Life Annuity with              certain period and thereafter while the Annuitant
Installments Guaranteed        is alive.

L-8824                                                                   Page 10

<PAGE>

ANNUITY PERIOD PROVISIONS (continued)


Option 4                       We will pay the full monthly income while both
Joint and                      Annuitant(s) are alive. Upon the death of either
Survivor Annuity               Annuitant, We will continue to pay a percentage
                               of the original monthly payment. The percentage
                               payable must be selected at the time the Annuity
                               option is chosen. The percentages available are
                               50%, 66 2/3%, 75% and 100%.

Option 5                       We will make monthly payments for a 10 year
Joint and Survivor             certain period and thereafter while the
Annuity with                   Annuitants are alive.
Installments Guaranteed

Other Options                  We may make other Annuity options available.

Commutability                  For annuitizations under the Fixed and Variable
                               Annuity options with a 10 year certain period,
                               You may elect a commutable Annuity option. You
                               must make this election prior to the Annuity
                               Date. Under the commutable Annuity option,
                               partial lump sum payments are available during
                               the certain period.

                               Lump sum payments are available once each year
                               following the Annuity Date and may not be elected
                               until 13 months after annuitization has started.

                               You may elect to receive a partial lump sum
                               payment of the present value of the remaining
                               payments in the period certain subject to the
                               restrictions described below. If a partial lump
                               sum payment is elected, the remaining payments in
                               the period certain will be reduced based on the
                               ratio of the amount of the partial withdrawal to
                               the amount of the present value of the remaining
                               installments in the period certain prior to the
                               withdrawal. If the Annuitant is living after the
                               period certain is over, payments will resume
                               without regard to any lump sum payments made
                               during the certain period.

                               Each time that a partial lump sum payment is
                               made, We will determine the percentage that the
                               payment represents of the present value of the
                               remaining installments in the period certain. The
                               sum of these percentages over the life of the
                               Certificate cannot exceed 75% for Nonqualified
                               Certificates, or 100% for Certificates issued
                               under a Qualified Plan.

                               In determining the amount of the lump sum payment
                               that is available, the present value of the
                               remaining installments in the certain period will
                               be calculated based on the applicable interest
                               rate.

                               For a Fixed Annuity option the applicable
                               interest rate is the greater of:

                               (a)  the ten year treasury constant maturity plus
                                    3%, and

                               (b)  the rate used to determine the initial
                                    payment plus 2%.

                               For a Variable Annuity option the applicable
                               interest rate is the assumed investment rate
                               plus 2%.

                               The amount of each payment for purposes of
                               determining the present value of any variable
                               installments will be the payment next scheduled
                               after the request for commutation is received.

                               The terms for the commutability of an Annuity
                               option under any Certificate rider are specified
                               in the rider.

Election of Annuity Option     We must receive an election of an Annuity option
                               in writing. You may make an election on or before
                               the Annuity Date provided the Annuitant is alive.

                               A subsequent change of beneficiary, or an
                               assignment of this Cenificate will revoke an
                               election unless the assignment provides
                               otherwise.

L-8824                                                                   Page 11

<PAGE>

ANNUITY PERIOD PROVISIONS (continued)


                               Upon election of an Annuity option, We agree to
                               pay the Owner on the payment due dates as stated
                               in the specifications page of the supplementary
                               agreement. The Owner may direct Us, in writing,
                               to make payments to another person. An option
                               cannot be changed after the first Annuity payment
                               is made. If the total Certificate Value is
                               applied under one of the Annuity options, this
                               Certificate must be surrendered to Us.

                               If an Annuity option is not elected by the
                               Annuity Date, an Annuity will be paid under
                               Option 3 if there is one Annuitant on the Annuity
                               Date and Option 5 if there are joint Annuitants
                               on the Annuity Date.

Electing a Fixed or            You may elect a Fixed Annuity, a Variable Annuity
Variable Annuity Option        or a combination of both. The portion of the
                               Certificate Value You elect to be paid as a Fixed
                               Annuity, if any, will be transferred to Our
                               General Account. We must receive your Fixed and
                               Variable allocation election in writing at least
                               seven days prior to the Annuity Date. If We do
                               not receive notification from You, all the
                               Certificate Value will be paid to You as a Fixed
                               Annuity.

                               If your allocation includes a Variable Annuity
                               payment, payments will reflect the investment
                               performance of the Subaccounts in accordance with
                               the allocation on the Annuity Date. Allocations
                               will not be changed thereafter, except as
                               provided in the Transfers Between Subaccounts
                               section.

                               Payments for all options are derived from the
                               applicable tables. Current Annuity rates will be
                               used if they produce greater payments than those
                               quoted in the Certificate. The age in the tables
                               is the Age of the Annuitant on the last birthday
                               before the first payment is due.

                               The option selected must result in a payment that
                               is at least equal to Our minimum payment,
                               according to Our rules, at the time the Annuity
                               option is chosen. If at any time the payment is
                               less than the minimum payment. We have the right
                               to increase the period between payments to
                               quarterly, semi-annual or annual so that the
                               payment is at least equal to the minimum payment
                               or to make payment in one lump sum.

Fixed Annuity                  The portion of the Certificate Value You
                               elected to have paid to you as a Fixed Annuity
                               less any withdrawal charge, charges for other
                               benefits, and Records Maintenance Charge will be
                               used to determine the Fixed Annuity monthly
                               payment in accordance with the Annuity option
                               selected. Any Accumulated Guarantee Period Values
                               will be adjusted for any applicable Market Value
                               Adjustment as well.

Variable Annuity               The portion of the Certificate Value You elect to
                               have paid to you as a Variable Annuity is first
                               reduced by any withdrawal charge, charges for
                               other benefits, and Records Maintenance Charge.
                               The value that remains is used to determine the
                               first monthly Annuity payment. The first monthly
                               Annuity payment is based on the guaranteed
                               Annuity option shown in the Annuity Option Table.

                               The dollar amount of subsequent payments may
                               increase or decrease depending on the investment
                               experience of each Subaccount to which
                               Certificate Value is allocated. You may not have
                               more than three Subaccounts at one time. The
                               number of Annuity Units per payment will remain
                               fixed for each Subaccount unless a transfer is
                               made. If a transfer is made, the number of
                               Annuity Units per payment will change. Some
                               Annuity options provide for a reduction in the
                               income level upon the death of an Annuitant,
                               which will reduce the number of Annuity units.

L-8824                                                                   Page 12

<PAGE>

ANNUITY PERIOD PROVISIONS (continued)


                               The number of Annuity Units for each Subaccount
                               is calculated by dividing a. by b. where:

                               a.  is the amount of the monthly payment that can
                                   be attributed to that Subaccount; and

                               b.  is the Annuity Unit value for that Subaccount
                                   at the end of the Valuation Period.

                               The Valuation Period includes the date on which
                               the payment is made.

                               Monthly Annuity payments, after the first
                               payment, are calculated by summing up, for each
                               Subaccount, the product of a. multiplied by b.
                               where:

                               a.  is the number of Annuity Units per payment in
                                   each Subaccount; and

                               b.  is the Annuity Unit value for that Subaccount
                                   at the end of the Valuation Period.

Annuity Unit Value             The Valuation Period includes the date on which
                               the payment is made. The value of an Annuity Unit
                               for each Subaccount at the end of any Valuation
                               Period is determined by the result of a.
                               multiplied by b. by c. where:

                               a.  is the Annuity Unit value for the immediately
                                   preceding Valuation Period; and

                               b.  is the net investment experience factor for
                                   the Valuation Period for which the Annuity
                                   Unit value is being calculated; and

                               c.  is the interest factor of.99993235 per
                                   calendar day of such subsequent Valuation
                                   Period to offset the effect of the assumed
                                   rate of [2.50%] per year used in the Annuity
                                   Option Table. A different interest rate
                                   factor will be used if an assumed rate other
                                   than [2.50%] is used in the Annuity Option
                                   Table.

Basis of Annuity Options       The guaranteed monthly payments are based on an
                               interest rate of [2.50%] per year and, where
                               mortality is involved, the ["Annuity 2000 Table"
                               developed by the Society of Actuaries projected
                               using Scale G to the year 2015.] We may also make
                               available available Variable Annuity payment
                               options based on assumed investment rates other
                               than [2.50%], but not greater than 5.00%.

Withdrawal Charge              Upon annuitization, a withdrawal charge will be
Upon Annuitization             applied as shown in the Certificate Schedule
                               after application of any applicable Market Value
                               Adjustment. The withdrawal charge is waived when
                               the Owner elects an Annuity option which provides
                               either an income benefit period of ten years or
                               more or a benefit under which payment is
                               contingent on the life of the Annuitant(s).

Transfers Between              During the Annuity Period, You may make transfers
Subaccounts                    between Subaccounts subject to the following:

                               1.  You must send Us written notice in a form
                                   satisfactory to Us.

                               2.  Transfers between Subaccounts are prohibited
                                   during the first year of the Annuity Period;
                                   subsequent transfers are limited to one per
                                   year.

                               3.  You may not have more than three Subaccounts
                                   at any time.

                               4.  At least $5,000 of Annuity Unit value must be
                                   transferred from a Subaccount, unless the
                                   transfer will eliminate Your interest in the
                                   SubaccounL.

                               5.  At least $5,000 of Annuity Unit value must
                                   remain in the Subaccount after a transfer,
                                   unless the transfer will eliminate Your
                                   interest in the Subaccount.

L-8824                                                                   Page 13

<PAGE>

ANNUITY PERIOD PROVISIONS (continued)

                              6.    If We receive notice of a transfer between
                                    Subaccounts more than seven (7) days before
                                    an Annuity payment date, the transfer is
                                    effective during the Valuation Period after
                                    the date We receive the notice.

                              7.    If We receive notice of a transfer between
                                    Subaccounts less than seven (7) days before
                                    an Annuity Payment date, the transfer is
                                    effective during the Valuation Period after
                                    the Annuity Payment date.

                              We reserve the right at any time and without
                              notice to any party to terminate, suspend or
                              modify these transfer privileges.

                              When a transfer is made between Subaccounts, the
                              number of Annuity Units per payment attributable
                              to a Subaccount to which the transfer is made is
                              equal to a. multiplied by b. divided by c., where:

                              a.    is the number of Annuity Units per payment
                                    in the Subaccount from which the transfer is
                                    being made;

                              b.    is the Annuity Unit value for the Subaccount
                                    from which the transfer is being made; and

                              c.    is the Annuity Unit value for the Subaccount
                                    to which the transfer is being made.

Conversion from a             During the Annuity Period, You may convert Fixed
Fixed Annuity Payment         Annuity payments to Variable Annuity payments
                              subject to the following:

                              1.    You must send Us written notice in a form
                                    satisfactory to Us.

                              2.    At least $30,000 of annuitv reserve value
                                    must be transferred from Our General
                                    Account, unless the transfer will eliminate
                                    the annuity reserve value.

                              3.    At least $30,000 of annuity reserve value
                                    must remain in Our General Account after a
                                    transfer, unless the transfer will eliminate
                                    the annuity reserve value.

                              4.    Conversions from a Fixed Annuity payment are
                                    available only on an anniversary of the
                                    Annuity Date.

                              5.    We must receive notice at least thirty (30)
                                    days prior to the anniversary.

                                    We reserve the right at any time and without
                                    notice to any party to terminate, suspend or
                                    modify these conversion privileges.

                                    When a conversion is made from a Fixed
                                    Annuity payment to a Variable Annuity
                                    payment, the number of Annuity Units per
                                    payment attributable to a Subaccount to
                                    which the conversion is made is equal to a.
                                    divided by b. divided by c., where:

                              a.    is the annuity reserve being transferred
                                    from Our General Account;

                              b.    is the Annuity Unit value for the Subaccount
                                    to which the transfer is being made; and

                              c.    is the present value of $1.00 per payment
                                    period using the attained Age(s) of the
                                    Annuitant(s) and any remaining payment that
                                    may be due at the time of the transfer.

                                    The annuity reserve value equals the present
                                    value of the remaining Fixed Annuity
                                    payments using the same interest and
                                    mortality basis used to calculate the Fixed
                                    Annuity payments.

                                    Money converted to a Variable Annuity
                                    payment will be applied under the same
                                    Annuity option as originally selected.

L-8824                                                                  Page 14

<PAGE>

ANNUITY PERIOD PROVISIONS (continued)

Conversion to a               During the Annuity Period, You may convert
Fixed Annuity Payment         Variable Annuity payments to Fixed Annuity
                              payments subject to the following:

                              1.    You must send Us written notice in a form
                                    satisfactory to Us.

                              2.    At least $30,000 of Annuity Unit value must
                                    be transferred to Our General Account from
                                    the Subaccounts.

                              3.    At least $5,000 of Annuity Unit value must
                                    remain in a Subaccount after a transfer,
                                    unless the transfer will eliminate Your
                                    interest in the Subaccount.

                              4.    Conversions to a Fixed Annuity payment are
                                    available only on an anniversary of the
                                    Annuity Date.

                              5.    We must receive notice at least thirty (30)
                                    days prior to the anniversary.

                              We reserve the right at any time and without
                              notice to any party to terminate, suspend or
                              modify these conversion privileges.

                              When a conversion is made from a Variable Annuity
                              payment to a Fixed Annuity payment, the number of
                              Annuity Units per payment attributable to a
                              Subaccount from which the conversion is made is
                              the product of a. multiplied by b. multiplied by
                              c., where:

                              a.    is the number of Annuity Units representing
                                    Your interest in such Subaccount per Annuity
                                    payment;

                              b.    is the Annuity Unit value for such
                                    Subaccount; and

                              c.    is the present value of $1.00 per payment
                                    period using the attained Age(s) of the
                                    Annuitant(s) and any remaining payment that
                                    may be due at the time of the transfer.

                              Money converted to a Fixed Annuity payment will be
                              applied under the same Annuity option as
                              originally selected.

Payment of Death              If an Annuitant dies after the Annuity Date, the
Benefits During the           death benefit, if any, will depend on the Annuity
Annuity Period                option in effect.

                              If an Owner, who is not also an Annuitant, dies
                              after the Annuity Date, the following provisions
                              apply:

                              1.    If the Owner was the sole Owner, the
                                    remaining Annuity payments will be payable
                                    to the beneficiary in accordance with the
                                    Annuity option in effect. The beneficiary
                                    will become the Owner.

                              2.    If the Certificate has joint Owners, the
                                    Annuity payments will be payable to the
                                    surviving joint Owner in accordance with the
                                    terms of the Annuity option in effect. Upon
                                    the death of the surviving joint Owner, the
                                    beneficiary becomes the Owner.

Disbursement Upon             When the Annuitant or surviving joint Annuitant
Death of Annuitant:           dies, We will automatically continue any unpaid
Under Options 1, 3, or 5      installments for the remainder of the certain
                              period under Option 1, Option 3 or Option 5 to the
                              Payee. However, if You elect within 60 days of Our
                              receipt of due proof of death, We will pay a
                              commuted value of the remaining payments of the
                              certain period. In determining the commuted value,
                              the present value of the remaining payments in the
                              certain period will be calculated based on the
                              applicable interest rate.

L-8824                                                                  Page 15

<PAGE>

ANNUITY PERIOD PROVISIONS (continued)

                              For a Fixed Annuity option the applicable interest
                              rate is the greater of:

                              (a)   the ten year treasury constant maturity plus
                                    3%, and

                              (b)   the rate used to determine the initial
                                    payment plus 2%.

                              For a Variable Annuity option the applicable
                              interest rate is the assumed investment rate plus
                              2%.

                              The amount of each payment for purposes of
                              determining the present value of any variable
                              installments will be determined by applying the
                              Annuity Unit value next determined following Our
                              receipt of due proof of death.

Supplementary                 A supplementary agreement will be issued to
Agreement                     reflect payments that will be made under an
                              Annuity option.

Date of First Payment         Interest, under an Annuity option, will start to
                              accrue on the effective date of the supplementary
                              agreement. The supplementary agreement will
                              provide details on the payments to be made.

Evidence of Age, Sex          We may require satisfactory evidence of the Age,
and Survival                  sex and the continued survival of any person and
                              Survival on whose life the income is based.

Misstatement of Age           If the Age or sex of the Annuitant has been
or Sex                        misstated, the amount payable under the
                              Certificate will be such as the Purchase Payments
                              sent to Us would have purchased at the correct Age
                              or sex. Interest not to exceed 6% compounded each
                              year will be charged to any overpayment or
                              credited to any underpayment against future
                              payments We may make under this Certificate.

L-8824                                                                  Page 16

<PAGE>

                              ANNUITY OPTION TABLE

           AMOUNT OF MONTHLY PAYMENT FOR EACH $1,000 OF VALUE APPLIED

Option One - Fixed Installment Annuity

Number
of years         Monthly
selected         Payment

   10             9.39
<TABLE>
<CAPTION>
Options Two and Three - Life Annuity With Installments Guaranteed

Age of      Monthly Payments Guaranteed     Age of   Monthly Payments Guaranteed
Male                                        Female
Payee                                       Payee
<S>          <C>         <C>                <C>             <C>        <C>
              None        120                                None      120

55            4.00       3.96               55               3.71      3.70
56            4.08       4.04               56               3.78      3.76
57            4.17       4.12               57               3.86      3.83
58            4.26       4.21               58               3.93      3.91
59            4.36       4.30               59               4.02      3.99
60            4.46       4.40               60               4.10      4.07
61            4.57       4.50               61               4.20      4.16
62            4.69       4.60               62               4.29      4.25
63            4.81       4.71               63               4.40      4.35
64            4.95       4.83               64               4.51      4.45
65            5.09       4.95               65               4.63      4.56
66            5.24       5.08               66               4.75      4.68
67            5.41       5.22               67               4.89      4.80
68            5.58       5.36               68               5.03      4.93
69            5.76       5.50               69               5.19      5.06
70            5.96       5.65               70               5.36      5.21
71            6.17       5.81               71               5.54      5.36
72            6.39       5.97               72               5.73      5.52
73            6.62       6.13               73               5.94      5.69
74            6.88       6.30               74               6.17      5.86
75            7.14       6.47               75               6.41      6.04
76            7.43       6.65               76               6.68      6.23
77            7.73       6.83               77               6.96      6.42
78            8.06       7.01               78               7.26      6.62
79            8.41       7.18               79               7.59      6.82
80            8.79       7.36               80               7.95      7.02
81            9.19       7.54               81               8.34      7.23
82            9.62       7.71               82               8.76      7.43
83           10.08       7.88               83               9.21      7.62
84           10.57       8.04               84               9.71      7.81
85           11.10       8.20               85              10.24      8.00

</TABLE>
Option Four - Joint and 100% Survivor Annuity

<TABLE>
<CAPTION>
Age of                                         Age of Female Payee
Male
Payee      55               60              65               70              75               80              85
<S>       <C>              <C>             <C>              <C>             <C>              <C>             <C>
55        3.38             3.53            3.67             3.77            3.86             3.91            3.95
60        3.48             3.68            3.88             4.06            4.20             4.30            4.37
65        3.56             3.81            4.08             4.35            4.59             4.77            4.91
70        3.62             3.92            4.26             4.63            4.99             5.32            5.57
75        3.65             3.99            4.39             4.87            5.39             5.90            6.34
80        3.68             4.03            4.49             5.05            5.73             6.46            7.18
85        3.69             4.06            4.55             5.18            5.99             6.96            8.01
</TABLE>

Option Five - Joint and 100% Survivor Annuity with Installments Guaranteed for
10 years

<TABLE>
<CAPTION>
Age of                                         Age of Female Payee
Male
Payee      55               60              65               70              75               80              85
<S>       <C>              <C>             <C>              <C>             <C>              <C>             <C>
55        3.38             3.53            3.66             3.77            3.85             3.91            3.94
60        3.48             3.68            3.88             4.05            4.19             4.29            4.35
65        3.56             3.81            4.08             4.34            4.57             4.74            4.86
70        3.61             3.91            4.25             4.61            4.96             5.26            5.46
75        3.65             3.98            4.38             4.84            5.33             5.78            6.13
80        3.67             4.03            4.47             5.01            5.63             6.26            6.78
85        3.69             4.05            4.52             5.12            5.84             6.63            7.34
</TABLE>

Rates for ages not shown here will be provided upon request.

L-8824                                                                  Page 17

<PAGE>

GROUP FLEXIBLE PREMIUM MODIFIED GUARANTEED, FIXED AND VARIABLE DEFERRED ANNUITY
CERTIFICATE

NON-PARTICIPATING

BENEFITS, PAYMENTS AND VALUES PROVIDED BY THE CERTIFICATE, WHEN BASED ON THE
INVESTMENT EXPERIENCE OF THE SUBACCOUNTS, ARE VARIABLE AND ARE NOT GUARANTEED
AS TO DOLLAR AMOUNT. REFER TO THE VARIABLE ACCOUNT AND ANNUITY PERIOD PROVISIONS
FOR A DETERMINATION OF ANY VARIABLE BENEFITS.

BENEFITS, PAYMENTS AND VALUES PROVIDED BY THE CERTIFICATE, WHEN BASED ON
GUARANTEE PERIOD VALUES, MAY INCREASE OR DECREASE IN ACCORDANCE WITH THE MARKET
VALUE ADJUSTMENT FORMULA STATED IN THE CERTIFICATE SCHEDULE.

READ YOUR CERTIFICATE CAREFULLY

Kemper Investors Life Insurance Company
1600 McConnor Parkway, Schaumburg, Illinois 60196-6801

Form No. L-8824


<PAGE>

Kemper Investors Life Insurance Company
1600 McConnor Parkway, Schaumburg, Illinois 60196-6801

UNISEX RIDER

This Endorsement forms a part of the Contract or Certificate. The effective
(date of this Endorsement is the effective date of this Contract or Certificate.

All reference throughout this Contract or Certificate to the sex of a person
used in the calculation of benefits are deleted.

The tables for Annuity Options 2, 3, and 4 are replaced by the following:

Options Two and Three - Life Annuity With Installments Guaranteed
<TABLE>
<CAPTION>
Age of           Monthly Payments Guaranteed
Payee
      None                120                  None                120

<S>      <C>              <C>                    <C>      <C>               <C>
55       3.86             3.83                   71       5.85              5.59
56       3.93             3.90                   72       6.06              5.75
57       4.01             3.98                   73       6.28              5.91
58       4.10             4.06                   74       6.52              6.08
59       4.19             4.15                   75       6.77              6.26
60       4.28             4.23                   76       7.05              6.44
61       4.38             4.33                   77       7.34              6.63
62       4.49             4.43                   78       7.66              6.82
63       4.61             4.53                   79       8.00              7.01
64       4.73             4.64                   80       8.36              7.20
65       4.86             4.76                   81       8.76              7.39
66       5.00             4.88                   82       9.18              7.57
67       5.15             5.01                   83       9.64              7.76
68       5.31             5.14                   84      10.13              7.93
69       5.48             5.29                   85      10.66              8.10
70       5.66             5.43
</TABLE>

Option Four - Joint and 100% Survivor Annuity

<TABLE>
<CAPTION>
Age of                                         Age of Secondary Payee
Primary
Payee    55              60               65              70               75              80               85
<S>     <C>             <C>              <C>             <C>              <C>             <C>              <C>
55      3.39            3.52             3.62            3.70             3.76            3.80             3.82
60      3.52            3.70             3.86            4.00             4.10            4.17             4.22
65      3.62            3.86             4.10            4.32             4.50            4.64             4.73
70      3.70            4.00             4.32            4.65             4.95            5.20             5.38
75      3.76            4.10             4.50            4.95             5.41            5.83             6.17
80      3.80            4.17             4.64            5.20             5.83            6.48             7.08
85      3.82            4.22             4.73            5.38             6.17            7.08             8.03
</TABLE>

Option Five - Joint and 100% Survivor Annuity with Installments Guaranteed for
10 years

<TABLE>
<CAPTION>
Age of                                         Age of Secondary Payee
Primary
Payee    55              60               65              70               75              80               85
<S>     <C>             <C>              <C>             <C>              <C>             <C>              <C>
55      3.39            3.52             3.62            3.70             3.76            3.79             3.81
60      3.52            3.70             3.86            3.99             4.06            4.16             4.20
65      3.62            3.86             4.09            4.31             4.49            4.61             4.69
70      3.70            3.99             4.31            4.63             4.92            5.15             5.30
75      3.76            4.09             4.49            4.92             5.35            5.72             6.00
80      3.79            4.16             4.61            5.15             5.72            6.27             6.72
85      3.81            4.20             4.69            5.30             6.00            6.72             7.34
</TABLE>

Except as modified herein, all terms and conditions of the Contract or
Certificate remain unchanged.

Signed for Kemper Investors Life Insurance Company at its home office in
Schaumburg, Illinois.




               /s/ Debra P. Rezabek                     /s/ Gale K. Caruso
                   ----------------                         --------------
               Secretary                                President

L-8827