# EDGAR Filing Document

**Accession Number:** 0000910739
**File Stem:** 0001133228-26-005671
**Filing Date:** 2026-4
**Character Count:** 140374
**Document Hash:** 59018ece15109ef53f368d503832e899
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001133228-26-005671.hdr.sgml**: 20260417

**ACCESSION NUMBER**: 0001133228-26-005671

**CONFORMED SUBMISSION TYPE**: 485BPOS

**PUBLIC DOCUMENT COUNT**: 26

**FILED AS OF DATE**: 20260417

**EFFECTIVENESS DATE**: 20260501

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** LINCOLN BENEFIT LIFE CO
- **CENTRAL INDEX KEY:** 0000910739
- **STANDARD INDUSTRIAL CLASSIFICATION:** LIFE INSURANCE [6311]
- **ORGANIZATION NAME:** 02 Finance
- **EIN:** 470766853
- **STATE OF INCORPORATION:** NE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 485BPOS
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 333-286299
- **FILM NUMBER:** 26872662

**BUSINESS ADDRESS:**
- **STREET 1:** 701 O STREET
- **STREET 2:** SUITE 500
- **CITY:** LINCOLN
- **STATE:** NE
- **ZIP:** 68508
- **BUSINESS PHONE:** 844-768-6780

**MAIL ADDRESS:**
- **STREET 1:** POLICYHOLDER SERVICES
- **STREET 2:** PO BOX 4324
- **CITY:** CLINTON
- **STATE:** IA
- **ZIP:** 52733-4324

## Series and Classes Contracts Data

### LINCOLN BENEFIT LIFE CO (Series ID: S000098120)

| Class ID   | Class Name                   | Ticker Symbol   |
|:---|:---|:---|
| C000267773 | LBL Advantage                |  |
| C000267774 | Consultant Solutions Select  |  |
| C000267775 | Consultant Solutions Elite   |  |
| C000267776 | Consultant Solutions Plus    |  |
| C000267777 | Consultant Solutions Classic |  |

Filed with the Securities and Exchange Commission on April 17, 2026<br>REGISTRATION NO. 333-286299<br>

**UNITED STATES**<br>**SECURITIES AND EXCHANGE COMMISSION**<br>**WASHINGTON, D.C. 20549**

**FORM N-4**

REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933<br>POST-EFFECTIVE AMENDMENT NO. 1

**LINCOLN BENEFIT LIFE COMPANY**<br>(Name of Insurance Company)

701 O STREET<br>SUITE 500<br>LINCOLN, NEBRASKA 68508<br>(Address of Insurance Company's principal executive offices)

(888) 674-3667<br>(Insurance Company's Telephone Number, including Area Code)

STEVEN FRY<br>LINCOLN BENEFIT LIFE COMPANY<br>701 O STREET<br>SUITE 500<br>LINCOLN NEBRASKA 68508<br>(Name and address of agent for service)

COPIES TO:<br>SCOTT VAN WYNGARDEN<br>LINCOLN BENEFIT LIFE COMPANY<br>701 O STREET<br>SUITE 500<br>LINCOLN, NEBRASKA 68508<br>(515) 304-4612

Approximate Date of Proposed Sale to the Public: Continuously on and after the effective date of this Registration Statement

**It is proposed that this filing become effective: (check appropriate box)**

□ immediately upon filing pursuant to paragraph (b) of Rule 485

⊠ on May 1, 2026 pursuant to paragraph (b) of Rule 485

□ 60 days after filing pursuant to paragraph (a)(i) of Rule 485

□ on __________ pursuant to paragraph (a)(i) of Rule 485

**If appropriate, check the following box:**

□ This post-effective amendment designates a new effective date for a previously filed post-effective amendment.

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**Check each box that appropriately characterizes the Registrant:**

□ New Registrant (as applicable, a Registered Separate Account or Insurance Company that has not filed a Securities Act registration statement or amendment thereto within 3 years preceding this filing)

□ Emerging Growth Company (as defined by Rule 12b-2 under the Securities Exchange Act of 1934 ("Exchange Act"))

□ If an Emerging Growth Company, indicate by check mark if the Registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 7(a)(2)(B) of Securities Act

⊠ Insurance Company relying on Rule 12h-7 under the Exchange Act

□ Smaller reporting company (as defined by Rule 12b-2 under the Exchange Act

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**Market Value Adjusted Fixed Account under Certain Variable Annuity Contracts Issued** **by Lincoln Benefit Life Company** <br>**Lincoln Benefit Life Company**<br>**Street Address: 5801 SW 6th Ave., Topeka KS 66606-00001**<br>**Mailing Address: P.O. Box 758561, Topeka, KS 66675-8561**<br>**Telephone Number: 1-800-457-7617**<br>**Fax Number: 1-785-228-4584**

Prospectus dated May 1, 2026

Lincoln Benefit Life Company ("LBL," the "Company," "Lincoln Benefit," "we," "us," and "our") issues the Market Value Adjusted Fixed Account Option (the "MVA Account Option" or "MVA Fixed Account Option") described in this prospectus. The MVA Account Option is available only under the following variable annuity contracts that we offer: The Consultant Solutions Variable Annuities (Classic, Plus, Elite, Select) ("Consultant Solutions") and the LBL Advantage Variable Annuity ("LBL Advantage," and together with Consultant Solutions, the "Contracts," and each a "Contract"). The Contracts are individual and group deferred variable annuity contracts issued by Lincoln Benefit Life Company through Lincoln Benefit Life Variable Annuity Account (the "Variable Account"). The Contracts are designed to aid in long-term financial planning. Under the Contracts, you invest your purchase payments in the investment options available under the Contracts, which generally include: (1) the variable sub-accounts of the Variable Account and (2) the fixed account options, which include (i) the MVA Account Option, (ii) the Dollar Cost Averaging Fixed Account Option(s), and (iii) the Standard Fixed Account, which is only available under Consultant Solutions. None of the Contracts currently are offered for new sales. However, under outstanding Contracts, you may be able to make additional purchase payments and allocate additional purchase payments or transfer amounts of Contract Value to the MVA Account Option.

**This prospectus ("Prospectus") describes the material features of the MVA Account Option available under your Contract.** This Prospectus does not describe the material feature of the Contracts or the investment options available under the Contracts other than the MVA Account Option. Please read this Prospectus in conjunction with the most recent prospectus for your variable annuity contract. The MVA Account Option credits a specified rate of interest daily at an annual rate we determine for the selected duration (the "MVA Guarantee Period") of each Guarantee Period Account. We may offer MVA Guarantee Periods ranging from one to ten years in length. **For a list of the** **MVA Guarantee Periods currently available, please see** [**<u>Appendix A</u>**](#chapter_15-sect1_1_1099) **to this Prospectus.**

The description of the MVA Account Option's material features is current as of the date of this Prospectus. If material provisions of the MVA Account Option are changed after the date of this Prospectus, those changes will be described in a supplement to this Prospectus and the supplement will become a part of this Prospectus.

Because the Contracts are no longer sold, the prospectuses for the Contracts are no longer updated. For information about your Contract, the subaccounts available under your Contract, and the Portfolios in which they invest, please refer to your variable annuity contract and the most recent variable annuity contract prospectus, along with any supplementary materials, which you may obtain by writing to or calling us at the contact information listed above. Additional information regarding the Portfolios in which the subaccounts invest can also be found in the most recent prospectuses for the Portfolios and any supplementary materials. You may request prospectuses for the Portfolios underlying the subaccounts, which do not accompany this Prospectus, by contacting us.

The Contracts are complex investments and involve risks, including potential loss of principal and any accumulated earnings. The Contracts are not short-term investments and are not appropriate for an investor who needs ready access to cash. Withdrawals (including withdrawals that are part of any Systematic Withdrawal Program) and surrenders could result in withdrawal charges, taxes, and tax penalties. In addition, withdrawals (including withdrawals that are part of any Systematic Withdrawal Program) and surrenders, transfers, amounts applied to annuitization, and death benefit payments from a Guarantee Period Account prior to its expiration could result in a negative Market Value Adjustment (also referred to in this Prospectus as an "MVA"). **Due to the MVA, ongoing withdrawals (such as Systematic Withdrawal** **Program withdrawals) from a Guarantee Period prior to its expiration may have a particularly adverse effect on your values under** **the Contract. In extreme circumstances, you could lose up to 100% of the amount withdrawn or otherwise removed from a** **Guarantee Period Account due to a negative MVA.** 

The Company's obligations under the Contracts (including the MVA Account Option) are subject to the Company's financial strength and claims-paying ability. Additional information about certain investment products, including annuities, has been prepared by the Securities and Exchange Commission's staff and is available at Investor.gov.

*Please read and keep this Prospectus for future reference. You should carefully read this Prospectus in conjunction with any applicable supplements before taking any action involving the MVA Account Option. This Prospectus supersedes all prior prospectuses. Also, this Prospectus must be read along with the appropriate variable annuity contract prospectus. This Prospectus is in addition to the appropriate variable annuity contract prospectus. All information in the appropriate variable annuity contract prospectus continues to apply unless addressed by this Prospectus*

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|:---|:---|
| **IMPORTANT**<br>**NOTICES** | &nbsp;&nbsp;&nbsp; **Neither the Securities and Exchange Commission nor any state securities commission has** **approved or disapproved of the securities described in this Prospectus or passed on the** **accuracy or the adequacy of this Prospectus. Anyone who tells you otherwise is committing a** **federal crime.**<br> **The Contracts of which the MVA Account Option is a part may have been distributed through** **broker-dealers that have relationships with banks or other financial institutions or by** **employees of such banks. However, the Contracts and the MVA Account Option are not** **deposits or obligations of, or guaranteed by such institutions or any federal regulatory agency.**<br> **This Prospectus does not constitute an offering in any jurisdiction in which such offering may** **not lawfully be made. We do not authorize anyone to provide any information or** **representations regarding the offering described in this Prospectus other than as contained in** **this Prospectus.** **The Contracts and the MVA Account Option are not FDIC insured.**<br> **The MVA Account Option may not be available in all states.** |

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MVA-LBL2

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**Table of Contents**

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|  | **Page**  |
| [**Important Terms** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.**](#chapter_2_1099) | [**1**](#chapter_2_1099) |
| [**Overview of the Contract** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.**](#chapter_3_1099) | [**2**](#chapter_3_1099) |
| [**Key Information** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.**](#chapter_4_1099) | [**4**](#chapter_4_1099) |
| [**Fee Table** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.**](#chapter_5_1099) | [**7**](#chapter_5_1099) |
| [**Benefits Available Under the Contract** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.**](#chapter_6_1099) | [**9**](#chapter_6_1099) |
| [**Who is Lincoln Benefit Life Company** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.**](#chapter_7_1099) | [**10**](#chapter_7_1099) |
| [**Description of the Market Value Adjusted Fixed Account Option** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.**](#chapter_8_1099) | [**11**](#chapter_8_1099) |
| [**Expenses and Adjustments**](#chapter_9_1099) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Market Value Adjustment..........................................................................................](#chapter_9-sect1_2_1099) | [13](#chapter_9-sect1_2_1099) |
| [**Purchases** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.**](#chapter_10_1099) | [**15**](#chapter_10_1099) |
| [**Withdrawals (Redemptions)** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.**](#chapter_11_1099) | [**16**](#chapter_11_1099) |
| [**Distribution of the Contracts** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.**](#chapter_12_1099) | [**17**](#chapter_12_1099) |
| [**Principal Risks of Investing in the Contract** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.**](#chapter_13_1099) | [**18**](#chapter_13_1099) |
| [**Additional Information**](#chapter_14_1099) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Annuity Benefits.................................................................................................](#chapter_14-sect1_2_1099) | [19](#chapter_14-sect1_2_1099) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Taxes..........................................................................................................](#chapter_14-sect1_3_1099) | [19](#chapter_14-sect1_3_1099) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Financial Statements..............................................................................................](#chapter_14-sect1_4_1099) | [19](#chapter_14-sect1_4_1099) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Legal Proceedings................................................................................................](#chapter_14-sect1_5_1099) | [19](#chapter_14-sect1_5_1099) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Statements, Confirmations, and Reports...............................................................................](#chapter_14-sect1_6_1099) | [19](#chapter_14-sect1_6_1099) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Reliance on Rule 12-h7............................................................................................](#chapter_14-sect1_7_1099) | [19](#chapter_14-sect1_7_1099) |
| [**Appendix A – Investment Options Available Under the Contract** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.**](#chapter_15_1099) | [**A-1**](#chapter_15_1099) |

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**IMPORTANT TERMS**

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**Accumulation Phase**– The period before the Annuity Date during which Contract Value builds up under your Contract.

**Annuity Date** – The date on which annuity payments are scheduled to begin.

**LBL (or the Company, we, us, and our)** – Lincoln Benefit Life Company, the issuer of the variable annuity contracts under which the MVA Account Option is available.

**Contract Value** – During the accumulation phase, the sum of the value of your interest in the variable sub-accounts you have selected under your Contract, plus your value in the fixed account option(s) offered by your Contract, including the MVA Account Option.

**Contracts (or Contract)** – The Consultant Solutions Variable Annuity (Classic, Plus, Elite, Select) and the LBL Advantage Variable Annuity variable annuity contracts issued by LBL under which the MVA Account Option is available.

**Fixed Account** – The portion of the Contract Value allocated to our General Account. Investment options offered through our Fixed Account include the Market Value Adjusted Fixed Account Option described in this prospectus, as well as the Dollar Cost Averaging Fixed Account Option(s) and the Standard Fixed Account Option (only available under Consultant Solutions), depending on your Contract. You may allocate part or all of your purchase payments to the Fixed Account in states where it is available. Amounts allocated to the Fixed Account become part of the general assets of Lincoln Benefit.

**Guarantee Period Account** – An account within the MVA Fixed Account Option that is established each time you allocate or transfer purchase payments or amounts under the Contract to the MVA Fixed Account Option. Each Guarantee Period Account is defined by the date of the allocation and the length of the MVA Guarantee Period.

**Income Plan** – A series of scheduled payments to you or someone you designate. You may choose and change your choice of Income Plan until 30 days before the Payout Start Date.

**Market Value Adjustment (or "MVA")** – A positive or negative adjustment that we may apply to amounts removed from a Guarantee Period Account under specified circumstances that reflects changes in interest rates from the time you first allocate money to Guarantee Period Account to the time that money is taken out of that Guarantee Period Account. The Market Value Adjustment may be positive or negative, depending on changes in interest rates. As such, you bear the risk of loss due to a negative Market Value Adjustment associated with changes in interest rates.

**MVA Account Option or MVA Fixed Account Option** – The fixed interest investment option or Guarantee Periods (with respect to LBL Advantage) described in this prospectus that credit a specified amount of interest at a rate that we determine for the duration of each MVA Guarantee Period. The MVA Fixed Account Option is a part of our General Account.

**MVA Guarantee Period** – A period of years during which we credit a specified amount of interest at a rate that we determine to amounts (including related Credit Enhancements, in the case of Consultant Solutions Plus) allocated to the MVA Fixed Account Option.

**Payout Phase** – The period during which annuity payments are paid. The Annuity Period begins on the Annuity Date.

**Payout Start Date** – The day that we apply your Contract Value, adjusted by any Market Value Adjustment and less any applicable taxes, to an Income Plan. The Payout Start Date must be no later than the Annuitant's 99th birthday, or the 10th Contract Anniversary, if later.

**Portfolios** – The underlying funds in which the Sub-Accounts invest. Each Portfolio is an investment company registered with the SEC or a separate investment series of a registered investment company.

**Settlement Value** – The amount payable on a full withdrawal of Contract Value, which is the Contract Value adjusted by any Market Value Adjustment, less any applicable withdrawal charges, taxes, and tax penalties, and rider fees, if applicable.

**Treasury Rate** - The U.S. Treasury Note Constant Maturity Yield as reported in Federal Reserve Board Statistical Release H.15. If such yields cease to be available, then we will use an alternate source for such information in our discretion.

**Variable Account** – The Lincoln Benefit Life Variable Annuity Account.

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**Overview of the Contract**

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This Prospectus describes the material features of the MVA Account Option available under your Contract. This Prospectus does not describe the material feature of the Contracts or the investment options available under the Contracts other than the MVA Account Option. Please read this Prospectus in conjunction with the most recent prospectus for your variable annuity contract.

The MVA Account Option is available only under the following variable annuity contracts that we offer: the Consultant Solutions Variable Annuities (Classic, Plus, Elite, Select) and the LBL Advantage Variable Annuity. The Contracts are individual and group deferred variable annuity contracts issued by us through the Variable Account. The Contracts are designed to aid in long-term financial planning and provide tax-deferred retirement investing. The Contracts may be appropriate for you if you have a long investment time horizon. They are not intended for people who may need early liquidity or ready access to cash.

The Contracts generally have two phases: (1) an Accumulation Phase, during which you invest your purchase payments and Contract Value in the investment options available under the Contract; and (2) a Payout Phase, during which annuity payments are paid. If you annuitize your Contract, you will receive a stream of income payments; however, you may be unable to make withdrawals from your Contract and Contract benefits generally terminate.

The Contracts offer several investment options, which generally include the following:

• **Variable sub-accounts ("Sub-Accounts") of the Variable Account.** The Variable Account and the Sub-Accounts are segregated
 asset accounts of the Company. The assets of each Sub-Account of the Variable Account are invested in the shares
 of an underlying mutual fund ("Portfolios"). Values allocated under your Contract to the Variable Account and the amount
 of variable annuity payments under your Contract will rise and fall with the values of shares of the Portfolios and are also
 reduced by applicable Contract charges. You bear the risk of investment performance of the Portfolios.

For information about the Sub-Accounts available under your Contract, and the Portfolios in which they invest, please refer to your variable annuity contract and the most recent variable annuity contract prospectus, along with any supplementary materials, which you may obtain by writing to or calling us at the information listed on the first page of this Prospectus. Additional information regarding the Portfolios in which the Sub-Accounts invest can also be found in the most recent prospectuses for the Portfolios and supplementary materials. You may request prospectuses for the Portfolios underlying the Sub-Accounts, which do not accompany this Prospectus, by contacting us.

• **Dollar Cost Averaging Fixed Account Option.** Purchase payments allocated to the Dollar Cost Averaging Fixed Account Option(s)
 will be credited with interest for up to one year (6 months for the Short Term Dollar Cost Averaging Fixed Account
 Option, only available under LBL Advantage) at the current rate that we declare when you make the allocation. For more
 information about the Dollar Cost Averaging Fixed Account Option(s), please refer to the appropriate variable annuity contract
 and the most recent variable annuity contract prospectus, along with any supplementary materials.

• **Standard Fixed Account Option.** Purchase payments and transfer amounts allocated to the Standard Fixed Account Option will
 earn interest at the rate in effect at the time of the allocation for the duration of the Standard Fixed Guarantee Period. The
 Standard Fixed Account option is only available under the Consultant Solutions Contract. If you purchased the Consultant
 Solutions Contract and you wish to obtain more information about the Standard Fixed Account Option, please refer
 to your variable annuity contract and the most recent variable annuity contract prospectus, along with any supplementary
 materials.

• **Market Value Adjusted Fixed Account Option.** The Market Value Adjusted Fixed Account Option described in this Prospectus
 credits a specified rate of interest daily at an annual rate we determine for the duration (the "MVA Guarantee Period")
 of each Guarantee Period Account and guarantees your principal investment if the Guarantee Period Account is held
 until maturity. **For additional information about each of the MVA Guarantee Periods currently available under** **the Market Value Adjusted Fixed Account Option, please see** [**<u>Appendix A</u>**](#chapter_15-sect1_1_1099) **to this Prospectus.** 

**Contract Features**

The following lists the Contract features available under the MVA Account Option. For a description of other key features available under your Contract, including your death benefit, please refer to your variable annuity contract and the most recent variable annuity contract prospectus, along with any supplementary materials.

• **Access to Your Money.** At
 any time during the Accumulation Phase, you may withdraw all or a portion of the value of your Contract
 by requesting a surrender or partial withdrawal. If your Contract is a non-Qualified Contract or IRA, you may also participate
 in our Systematic Withdrawal Program during the Accumulation Phase, which permits you withdraw payments of a
 flat dollar amount on a regular basis from the Sub-Accounts and the Fixed Account options.

Surrenders and partial withdrawals (including withdrawals that are a part of any Systematic Withdrawal Program) may be subject to withdrawal charges and taxes, as well as tax penalties if taken before age 59½. In addition, surrenders and withdrawals (including withdrawals that are part of any Systematic Withdrawal Program) from the MVA Account Option may be subject to

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negative Market Value Adjustments. Withdrawals will result in reductions to your Contract Value, death benefit, and any Contract benefits.

**Market Value Adjustment**

You could lose a significant amount of money due to a negative MVA if amounts are removed from a Guarantee Period Account prior to its expiration. Withdrawals (including withdrawals that are part of any Systematic Withdrawal Program) and surrenders, transfers, amounts applied to annuitization, and death benefit payments from a Guarantee Period Account prior to its expiration may result in an MVA.

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**Key Information**

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|:---|:---|:---|
| **Important Information You Should Consider About the Contract** | **Important Information You Should Consider About the Contract** | **Important Information You Should Consider About the Contract** |
|  | **Fees, Expenses, and Adjustments** | **Location in**<br>**Prospectus** |
|  **Are There Charges** **or Adjustments for** **Early** **Withdrawals?** | ***Yes***<br> *Withdrawal Charges.* Depending on your Contract, withdrawal charges may apply to withdrawals (including withdrawals that are a part of any Systematic Withdrawal Program) and surrenders from your Contract, including withdrawals and surrenders from the Guarantee Period Accounts. Losses due to withdrawal charges will be greater if there is a negative MVA, or if you are also subject to taxes or tax penalties. For more information regarding any withdrawal charges applicable to your Contract, please refer to your variable annuity contract and the most recent variable annuity contract prospectus, along with any supplementary materials. <br> *Market Value Adjustment.* If all or a portion of Contract Value is removed from a Guarantee Period Account prior to its expiration, we may apply an MVA, which may be negative. In extreme circumstances, you could lose up to 100% of the amount withdrawn or otherwise removed due to a negative MVA. For example, if you were to withdraw $100,000 from a Guarantee Period Account prior to its expiration, you could lose up to $100,000 of the amount withdrawn. This loss will be greater if you also have to pay a withdrawal charge, taxes, or tax penalties. An MVA may apply to withdrawals (including withdrawals that are part of any Systematic Withdrawal Program) and surrenders, transfers, amounts applied to annuitization, and death benefit payments from the Guarantee Period Accounts.  | [<u>Fee Table</u>](#chapter_5-sect1_1_1099)<br> [<u>Expenses and</u> <u>Adjustments</u>](#chapter_9-sect1_1_1099)<br> [<u>Withdrawals</u> <u>(Redemptions)</u>](#chapter_11-sect1_1_1099) |
|  **Are There** **Transaction** **Charges?** | **Yes**<br> In addition to withdrawal charges and MVAs, you may also be charged for other transactions under your Contract.<br> For more information regarding transaction charges applicable to your Contract, please refer to your variable annuity contract and the most recent variable annuity contract prospectus, along with any supplementary materials. | [<u>Expenses and</u> <u>Adjustments</u>](#chapter_9-sect1_1_1099)<br> [<u>Fee Table</u>](#chapter_5-sect1_1_1099) |
|  **Are There Ongoing** **Fees** **and Expenses?** | **Yes**<br> Your Contract assesses ongoing fees and expenses.<br> Your Contract specifications page and variable annuity contract prospectus describe the fees and expenses you may pay each year, depending on the investment options and optional benefits you choose. Because your Contract is customizable, the choices you make affect how much you will pay. Please refer to your Contract specifications page and most recent variable annuity contract prospectus, along with any supplementary materials, for information about the specific fees you will pay each year based on the options you have elected. <br> There are no ongoing fees and expenses assessed under the MVA Account Option; however, taking withdrawals from the Contract **could add withdrawal charges and negative Market Value** **Adjustments that substantially increase costs.**  | [<u>Expenses and</u> <u>Adjustments</u>](#chapter_9-sect1_1_1099) |

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| | | |
|:---|:---|:---|
|  | **Risks** | **Location in** **Prospectus** |
|  **Is There a Risk of** **Loss from Poor** **Performance?** | **Yes**<br> You can lose money by investing in the Contracts, including loss of principal. While there is no risk of loss from poor performance in the Guarantee Period Accounts, surrenders and withdrawals (including systematic withdrawals), transfers, amounts applied to annuitization, and death benefit payments from the MVA Account Option prior to the end of an MVA Guaranteed Period may be subject to negative MVAs, which could result in loss. Information on the risk of loss from poor performance in the Contracts' variable investment options is described in your most recent variable annuity contract prospectus, along with any supplementary materials. | [<u>Principal Risks of</u> <u>Investing in the</u> <u>Contract</u>](#chapter_13-sect1_1_1099) |

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**Risks** **Location in** **Prospectus** 

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| | | |
|:---|:---|:---|
|  | **Restrictions** | **Location in** **Prospectus** |
|  **Are There** **Restrictions on the** **Investment** **Options?** | &nbsp;&nbsp;&nbsp;&nbsp; **Yes**<br> •  Each purchase payment or transfer allocated to a Guarantee Period Account is subject to a minimum amount.<br> •  We may delay payment of the Settlement Value in the MVA Account Option for up to 6 months or a shorter period if required by law.<br> •  We determine the available MVA Guarantee Periods at our discretion.<br> •  We reserve the right to limit the MVA Account Option to additional purchase payments.<br> •  For information about restrictions on other investment options under your Contract, please refer to your variable annuity contract and the most recent variable annuity contract prospectus, along with any supplementary materials. | [<u>Principal Risks of</u> <u>Investing in the</u> <u>Contract</u>](#chapter_13-sect1_1_1099)<br> [<u>Description of the</u> <u>Market Value</u> <u>Adjusted Fixed</u> <u>Account Option</u>](#chapter_8-sect1_1_1099)<br> [<u>Withdrawals</u> <u>(Redemptions)</u>](#chapter_11-sect1_1_1099)<br> [<u>Appendix A –</u> <u>Investment Options</u> <u>Available under the</u> <u>Contract</u>](#chapter_15-sect1_1_1099) |
|  **Are There any** **Restrictions on** **Contract**<br>**Benefits?** | **Yes**<br> Except as otherwise provided, Contract benefits may not be modified or terminated by us.<br> For more information about restrictions and limitations on Contract benefits, please refer to your variable annuity contract and the most recent variable annuity contract prospectus, along with any supplementary materials. | [<u>Principal Risks of</u> <u>Investing in the</u> <u>Contract</u>](#chapter_13-sect1_1_1099)<br> [<u>Benefits Available</u> <u>Under the Contracts</u>](#chapter_6-sect1_1_1099)<br> [<u>Description of the</u> <u>Market Value</u> <u>Adjusted Fixed</u> <u>Account Option</u>](#chapter_8-sect1_1_1099) |

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| | | |
|:---|:---|:---|
|  | **Taxes** | **Location in** **Prospectus** |
|  **What are the** **Contract's Tax** **Implications?** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; •  Consult with a tax professional to determine the tax implications of an investment in and payments received under the Contracts.<br> •  If you purchased your Contract through a tax-qualified plan or IRA, you do not get any additional tax deferral under the Contract.<br> •  Earnings on your Contract are taxed at ordinary income rates when withdrawn and you may have to pay a penalty if you take a withdrawal or surrender before age 59½.<br> •  For information about the tax implications of your Contract, please refer to your most recent variable annuity contract prospectus, along with any supplementary materials. | N/A |

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| | | |
|:---|:---|:---|
|  | **Conflicts of Interest** | **Location in** **Prospectus** |
|  **How Are** **Investment**<br>**Professionals**<br>**Compensated?** | Your investment professional may receive compensation for selling the Contracts to investors in the form of commissions, additional payments, and other sales incentives. These investment professionals may have a financial incentive to offer or recommend the Contracts over another investment. <br> For more information about financial professional compensation, please refer to your most recent variable annuity contract prospectus, along with any supplementary materials. | [<u>Distribution of the</u> <u>Contracts</u>](#chapter_12-sect1_1_1099) |
|  **Should I Exchange** **My Contract?** | Some investment professionals may have a financial incentive to offer you a new contract in place of the one you already own. You should only exchange a contract you already own if you determine, after comparing the features, fees, and risks of both contracts, and any fees or penalties to terminate your existing contract, that it is better for you to purchase the new contract rather than continue to own your existing contract. <br> For more information about contract exchanges, please refer to your most recent variable annuity contract prospectus, along with any supplementary materials. | N/A |

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**Fee Table**

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**Your variable annuity contract and most recent variable annuity contract prospectus describes the fees, expenses, and adjustments** **that you will pay when buying, owning and surrendering or making withdrawals from an investment option or from your Contract.** **Please refer to your most recent variable annuity contract prospectus and contract specifications page, along with any** **supplementary materials, for information about the specific fees you will pay each year based on the options you have elected. This** **Prospectus describes only the charges and adjustments specific to an investment in the MVA Account Option.**

**The first table describes the fees and expenses that you will pay at the time that you surrender or make withdrawals from the MVA** **Account Option or from the Contracts, or transfer Contract Value between the investment options. State premium taxes may also be** **deducted.**

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| | |
|:---|:---|
| **Transaction Expenses** | **Transaction Expenses** |
|  Withdrawal Charge (Contingent Deferred Sales Charge) (as a percentage of purchase payments withdrawn) | Maximum Charge |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Consultant Solutions<sup>(1)</sup> |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Consultant Solutions Classic | 7% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Consultant Solutions Plus | 8.5% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Consultant Solutions Elite | 7% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Consultant Solutions Select |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; LBL Advantage<sup>(2)</sup> | 8% |
|  Transfer Fee |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Consultant Solutions<sup>(3)</sup> | up to 2.00% (as a percentage of the amount transferred), but not more than $25 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; LBL Advantage<sup>(4)</sup> | 0.50% (as a percentage of the amount transferred) |

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<sup>(1)</sup> The amount of the charge will depend on the number of years that have elapsed since we received the purchase payment being withdrawn. If you make a withdrawal before the Payout Start Date, we will apply the withdrawal charge percentage in effect on the date of the withdrawal, or the withdrawal charge percentage in effect on the following day, whichever is lower. Please refer to your variable annuity contract and most recent variable annuity contract prospectus and any supplementary materials for more information about the withdrawal charge.

The withdrawal charge for Consultant Solutions applies to each purchase payment from the date of the purchase payment as follows. Consultant Solutions Select does not assess a withdrawal charge.

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| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Number of Complete Years Since We Received the Purchase Payment Being Withdrawn** | **Number of Complete Years Since We Received the Purchase Payment Being Withdrawn** | **Number of Complete Years Since We Received the Purchase Payment Being Withdrawn** | **Number of Complete Years Since We Received the Purchase Payment Being Withdrawn** | **Number of Complete Years Since We Received the Purchase Payment Being Withdrawn** | **Number of Complete Years Since We Received the Purchase Payment Being Withdrawn** | **Number of Complete Years Since We Received the Purchase Payment Being Withdrawn** | **Number of Complete Years Since We Received the Purchase Payment Being Withdrawn** | **Number of Complete Years Since We Received the Purchase Payment Being Withdrawn** |
|  | 0 | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8+ |
| **Consultant Solutions Classic** | 7% | 7% | 6% | 5% | 4% | 3% | 2% | 0% | 0% |
| **Consultant Solutions Plus** | 8.5% | 8.5% | 8.5% | 7.5% | 6.5% | 5.5% | 4% | 2.5% | 0% |
| **Consultant Solutions Elite** | 7% | 6% | 5% | 0% | 0% | 0% | 0% | 0% | 0% |
| **Consultant Solutions Select** |  |  |  |  |  |  |  |  |  |

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<sup>(2)</sup> The amount of the charge will depend on the number of years that have elapsed since we received the purchase payment being withdrawn. Beginning on January 1, 2004, if you make a withdrawal before the Payout Start Date, we will apply the withdrawal charge percentage in effect on the date of the withdrawal, or the withdrawal charge penalty in effect on the following day, whichever is lower. Please refer to your variable annuity contract and most recent variable annuity contract prospectus and any supplementary materials for more information about the withdrawal charge.

The withdrawal charge for LBL Advantage applies to each purchase payment for seven complete years from the date of the purchase payment as follows:

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| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Number of Complete Years Since We Received the Purchase Payment Being Withdrawn** | **Number of Complete Years Since We Received the Purchase Payment Being Withdrawn** | **Number of Complete Years Since We Received the Purchase Payment Being Withdrawn** | **Number of Complete Years Since We Received the Purchase Payment Being Withdrawn** | **Number of Complete Years Since We Received the Purchase Payment Being Withdrawn** | **Number of Complete Years Since We Received the Purchase Payment Being Withdrawn** | **Number of Complete Years Since We Received the Purchase Payment Being Withdrawn** | **Number of Complete Years Since We Received the Purchase Payment Being Withdrawn** | **Number of Complete Years Since We Received the Purchase Payment Being Withdrawn** |
|  | 0 | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8+ |
| **LBL Advantage** | 8% | 7% | 7% | 6% | 6% | 5% | 4% | 3% | 0% |

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<sup>(3)</sup> The transfer fee applies solely to the 13th and subsequent transfers within a Contract Year, excluding transfers due to dollar cost averaging and automatic portfolio rebalancing. We are currently waiving the transfer fee.

<sup>(4)</sup> The transfer fee applies solely to the 13th and subsequent transfers within a Contract Year, excluding transfers due to dollar cost averaging and automatic portfolio rebalancing. We are currently assessing a transfer fee of 1.00% of the amount transferred, however, we reserve the right to raise the transfer fee to up to 2.00% of the amount transferred. The transfer fee will never be greater than $25.

**The table below describes the adjustments, in addition to any transaction expenses, that may apply if all or a portion of the Contract** **Value is removed from a Guarantee Period Account prior to the end of the MVA Guarantee Period.**

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| | |
|:---|:---|
| **Adjustments** | **Adjustments** |
|  Market Value Adjustment Maximum Potential Loss<br>(as a percentage of the amount removed from a Guarantee Period Account)<sup>1</sup> | 100% |

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<sup>1</sup>Withdrawals (including withdrawals that are part of any Systematic Withdrawal Program) and surrenders, transfers, amounts applied to annuitization, and death benefit payments from a Guarantee Period Account prior to its expiration may result in an MVA. Certain transactions from the Guarantee Period Accounts may not be subject to an MVA. For more information, please refer to "Expenses and Adjustments – Market Value Adjustment" later in this Prospectus, as well as your variable annuity contract and the most recent variable annuity contract prospectus, along with any supplementary materials.

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**Benefits Available Under the Contract**

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Certain optional and standard benefits may be available to you under your Contract. Your variable annuity contract also provides a death benefit during the Accumulation Period while the Contract is in force. A Market Value Adjustment may apply if amounts are removed from a Guarantee Period Account prior to the end of the MVA Guarantee Period to pay the death benefit.

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| | | |
|:---|:---|:---|
| **Standard Benefits (No Additional Charge)** | **Standard Benefits (No Additional Charge)** | **Standard Benefits (No Additional Charge)** |
|  **Name of Benefit** | **Purpose** | **Brief Description of Restrictions/Limitations** |
|  **Systematic Withdrawal Program** | Permits you to receive automatic withdrawal payments on a monthly, quarterly, semi-annual, or annual basis if your Contract is a non-qualified Contract or IRA | &nbsp;&nbsp;&nbsp;&nbsp; •  Ongoing systematic withdrawals from a Guarantee Period prior to its expiration may have an adverse effect on values under the Contract due to the MVA. |

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Please refer to your variable annuity contract and most recent variable annuity contract prospectus, along with any supplementary materials, for information about the death benefit and other benefits available under your Contract.

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**Who Is Lincoln Benefit Life Company?**

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Lincoln Benefit Life Company is a stock life insurance company organized under the laws of the state of Nebraska in 1938. Our legal domicile and principal business address is 701 O Street, Suite 500, Lincoln, NE 68508. Lincoln Benefit is a wholly- owned subsidiary of LBL HoldCo II, Inc., a Delaware corporation ("HoldCo"), which is a wholly-owned subsidiary of LBL HoldCo, Inc., a Delaware corporation ("HoldCo Parent"). HoldCo Parent is a wholly-owned subsidiary of Kuvare US Holdings, Inc.

We are authorized to conduct life insurance and annuity business in the District of Columbia, U.S. Virgin Islands and all states except New York. We intend to offer the MVA Account Option under variable annuity contracts in those jurisdictions in which we are licensed. We are obligated to pay all amounts promised to investors under the Contracts, subject to our financial strength and claims-paying ability.

This Prospectus describes the MVA Fixed Account Option available under the Contracts. The MVA Fixed Account Option is part of our General Account. Our General Account consists of general assets other than those in segregated asset accounts, such as the Variable Account. We have sole discretion to invest the assets of the General Account, subject to applicable law. Any money you allocate to the MVA Fixed Account Option does not entitle you to share in the investment experience of the General Account. Contract Values allocated to the MVA Fixed Account Option are subject to the Company's financial strength and claims-paying ability. The MVA Fixed Account Option involves risks. See [<u>"Principal Risks of Investing in the Contract"</u>](#chapter_13-sect1_1_1099) in this Prospectus. See also the Statement of Additional Information ("SAI"), dated the same date as this Prospectus, for additional information about the Company, including its financial statements.

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**Description of the Market Value Adjusted Fixed Account Option**

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You may allocate purchase payments or transfer amounts under a Contract into the MVA Fixed Account Option. Each such allocation establishes a new Guarantee Period Account within the MVA Fixed Account Option. Transfers in the MVA Fixed Account Option from expiring Guarantee Period Accounts (renewals) also creates a new Guarantee Period Account. Each Guarantee Period Account is defined by the date of the allocation and the length of the Guarantee Period Account (the "MVA Guarantee Period"). You may not allocate a purchase payment or transfer to any existing Guarantee Period Account. Each purchase payment or transfer allocated to a Guarantee Period Account is subject to a minimum amount as set forth in your most recent variable annuity contract's prospectus, including any supplementary materials. We reserve the right to limit the MVA Account Option to additional purchase payments.

At the time you allocate a purchase payment or transfer an amount to the MVA Fixed Account Option, or renew from an existing Guarantee Period Account into a new Guarantee Period Account, you must select the MVA Guarantee Period for that allocation from among the MVA Guarantee Periods available for the MVA Fixed Account Option. We currently offer MVA Guarantee Periods of 1, 3, 5, 7, and 10 years in length. We may offer MVA Guarantee Periods of different lengths in the future. If you allocate or transfer an amount in the MVA Fixed Account Option, but do not select an MVA Guarantee Period for the new Guarantee Period Account, we will allocate the purchase payment or transfer to a new Guarantee Period Account with the same MVA Guarantee Period as the Guarantee Period Account of your most recent purchase payment or transfer. If we no longer offer that MVA Guarantee Period, then we will allocate the purchase payment or transfer to a new Guarantee Period Account with the next shortest MVA Guarantee Period currently offered. If you have not made a prior allocation to a Guarantee Period Account, then we will allocate the purchase payment or transfer to a new Guarantee Period Account of the shortest MVA Guarantee Period we are offering at that time. The MVA Fixed Account Option is not available in all states. Please check with your representative for availability.

The amount you allocate to a Guarantee Period Account will earn interest for the duration of the MVA Guarantee Period at the interest rate in effect for that MVA Guarantee Period at the time of the allocation. We will declare the interest rate that we will guarantee to credit to that amount for that MVA Guarantee Period. Interest will be credited daily at a rate which compounds over one year to the annualized effective interest rate we declared when the money was allocated. We will not change the interest rate credited to a particular Guarantee Period Account until the end of the relevant MVA Guarantee Period. Interest rates may differ depending on the type of Contract you have and may also differ from those available for other MVA Guarantee Periods or Fixed Account Options under your Contract. The effective annual interest rate declared for an MVA Guarantee Period is 0%. We will tell you what interest rates and MVA Guarantee Periods we are offering at a particular time. Information regarding the features of each currently offered MVA Guarantee Period, including (i) its name, (ii) its term, and (iii) its guaranteed minimum effective annual interest rate, is available in Appendix I to this Prospectus.

We have no specific formula for determining the rate of interest that we will declare initially or in the future. We will set those interest rates based on investment returns available at the time of the determination. In addition, we may consider various other factors in determining interest rates including regulatory and tax requirements, our sales commission and administrative expenses, general economic trends, and competitive factors. For current interest rate information, please contact your representative or LBL at 1-800-457-7617.

**WE DETERMINE THE INTEREST RATES TO BE DECLARED IN OUR SOLE DISCRETION. WE CAN NEITHER PREDICT** **NOR GUARANTEE THE INTEREST RATES THAT WILL BE DECLARED FOR FUTURE MVA GUARANTEE PERIODS.**

At the end of each MVA Guarantee Period, the Guarantee Period Account expires. Prior to the expiration date of a Guarantee Period Account, we will send you a notice, which will outline the options available to you after the end of a Guarantee Period Account. During the 30-day period after a Guarantee Period Account expires ("30-Day MVA Window") a Market Value Adjustment will not be applied to transfers, withdrawals, death benefit payments, amounts applied to annuitization, and other transactions from the expiring Guarantee Period Account and you may elect to:

(1) **take no action.** If
 we do not receive timely instructions from you after the end of the  MVA Guarantee Period within the 30-Day
 MVA Window, we will automatically allocate (renew) the relevant amount into a new Guarantee Period Account in the
 MVA Fixed Account Option, subject to a new declared interest rate. The new Guarantee Period Account will have the same
 MVA Guarantee Period as the expiring Guarantee Period Account and will be subject to all restrictions of the MVA Fixed
 Account Option. The new Guarantee Period Account will begin as of the day immediately following the expiration date
 of the expiring Guarantee Period Account ("New Account Start Date"). If the same MVA Guarantee Period is no longer being
 offered, we will establish a new Guarantee Period Account with the next shortest MVA Guarantee Period available and the
 interest rate will be the rate declared by us at that time for such MVA Guarantee Period; or

(2) **instruct us to allocate the relevant Contract Value to one or more new Guarantee Period Accounts with your choice of** **the available MVA Guarantee Periods in the MVA Fixed Account Option, subject to the applicable declared interest** **rate.** The new Guarantee Period Account(s) will begin as of the New Account Start Date (the day immediately following the expiration
 date of the expiring Guarantee Period Account). The new interest rate will be our then current declared rate for those
 MVA Guarantee Periods; or

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

(3) **transfer all or a portion of the relevant amount in the expiring Guarantee Period Account from the MVA Fixed** **Account to other investment options available under your Contract.** We will effect the transfer on the day we receive your
 instructions; or

(4) **withdraw all or part of the relevant amount from the Guarantee Period Account through a surrender or partial** **withdrawal.** You may be required to pay a withdrawal charge (<u>except with respect to Consultant Solutions Select, which</u> <u>does not assess a withdrawal charge</u>)
 and federal and state taxes, including a 10% federal tax penalty if amounts are withdrawn
 before the age of 59½. The amount withdrawn will be deemed to have been withdrawn on the day the MVA Guarantee
 Period ends.

You may also apply the relevant amount to an annuity option available under your Contract. For more information about annuitizing your Contract and annuity options available under your Contract, please refer to your variable annuity contract and the most recent variable annuity contract prospectus, along with any supplementary materials.

The money in the expiring Guarantee Period Account will earn interest at the interest rate declared for the new Guarantee Period Account from the New Account Start Date until the date we receive notification of your election. If we receive notification of your election to make a transfer or withdrawal from an expiring Guarantee Period Account on or before the New Account Start Date, the transfer or withdrawal will be deemed to have occurred on the New Account Start Date. If we receive notification of your election to make a transfer or withdrawal from the expiring Guarantee Period Account after the New Account Start Date, but before the expiration of the 30-Day MVA Window, the transfer or withdrawal will be deemed to have occurred on the day we receive such notice. Any remaining balance not withdrawn or transferred will continue to earn interest for the duration of the MVA Guarantee Period of the new Guarantee Period Account, at the interest rate declared for such Account. If we do not receive notification from you within the 30-Day MVA Window, we will assume that you have elected to allocate (renew) the amount in the expiring Guarantee Period Account to establish a new Guarantee Period Account with the same MVA Guarantee Period, and the amount in the new Guarantee Period Account will continue to earn interest at the interest rate declared for the new Guarantee Period Account, and will be subject to all restrictions of the MVA Fixed Account Option. If we no longer offer that MVA Guarantee Period, the MVA Guarantee Period for the new Guarantee Period Account will be the next shortest term length we offer for the MVA Fixed Account Option at that time, and the interest rate will be the rate declared by us at that time for such MVA Guarantee Period.

You could lose a significant amount of money due to a negative MVA if amounts are removed from a Guarantee Period Account prior to its expiration. Withdrawals (including withdrawals that are part of any Systematic Withdrawal Program) and surrenders, transfers, amounts applied to annuitization, and death benefit payments from a Guarantee Period Account prior to its expiration may result in an MVA. See "[<u>Expenses and Adjustments – Market Value Adjustment</u>](#chapter_9-sect1_2_1099)."

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**Expenses and Adjustments**

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Certain charges under the base variable annuity contracts are based on (i) the Contract Value, which includes the value held in the MVA Fixed Account Option, or (ii) net premiums, including premiums allocated to the MVA Fixed Account Option. These include withdrawal charges (except with respect to Consultant Solutions Select, which does not assess a withdrawal charge). The Contracts also permit us to charge you a transfer fee for the 13th and subsequent transfers within a Contract Year, including transfers to and from the MVA Fixed Account Option. Other charges under the base variable annuity contracts are based on the Contract Value allocated to the Sub-Accounts of the Variable Account. Please refer to your variable annuity contract and most recent variable annuity contract prospectus, along with any supplementary materials, for more information as to the charges and any taxes applicable to your Contract. For information regarding the total operating expenses charged by the Portfolios that you may pay periodically during the time that you own the Contract, please also reference the most recent prospectuses for the Portfolios, which may be amended from time to time, and supplementary materials. You may request prospectuses for the Portfolios, which do not accompany this Prospectus, by calling us or writing to us at the phone number and address listed on the first page of this Prospectus.

**Market Value Adjustment**

We may apply a Market Value Adjustment to amounts in the Guarantee Period Accounts that are withdrawn (including withdrawals that are part of any Systematic Withdrawal Program) or surrendered, transferred, annuitized, or paid as a death benefit from a Guarantee Period Account prior to the end of the MVA Guarantee Period. The purpose of the MVA is to protect us from losses on the assets supporting our obligations under the Guarantee Period Accounts if amounts are removed from the MVA Fixed Account Option prematurely. A Market Value Adjustment can increase or decrease the amount you receive from the transaction or the amount transferred from the Guarantee Period Account. If you surrender your Contract, the MVA will increase or decrease your Settlement Value from the Guarantee Period Accounts after any applicable taxes, applicable withdrawal charges (except with regard to Consultant Solutions Select, which does not assess a withdrawal charge), and contract maintenance charges are deducted. Both the MVA and the withdrawal charge (if applicable) are calculated based on the requested withdrawal amount.

An MVA will affect your Contract Value and its benefits. A negative MVA will reduce your Settlement Value, death benefit amount (including any optional death benefits), and Contract Value applied to an annuity option from the MVA Fixed Account Option, perhaps significantly. In extreme circumstances, you could lose up to 100% of the amount withdrawn or surrendered, transferred, annuitized, or paid as a death benefit due to a negative MVA. See [<u>"Principal Risks of Investing in the Contract."</u>](#chapter_13-sect1_1_1099)

As a general rule, we will apply a Market Value Adjustment to the following transactions involving amounts invested in the MVA Fixed Account Option:

(1) when
 you withdraw funds from the MVA Fixed Account Option (this includes withdrawals that are part of any Systematic Withdrawal
 Program);

(2) when
 you transfer funds from the  MVA Fixed Account Option to the Sub-Accounts;

(3) when
 you allocate part of your balance in the MVA Fixed Account Option to a new Guarantee Period Account before the end of
 the existing Guarantee Period Account;

(4) when
 you  annuitize your Contract;

(5) when
 we pay a death benefit; and

(6) if
 you surrender your Contract and you have amounts allocated to the MVA Fixed Account Option.

We will not apply a Market Value Adjustment to a transaction, to the extent that it occurs within 30 days after the end of the Guarantee Period Account applicable to the funds involved in the transaction (the "30-Day MVA Window"). There may be other circumstances under which an MVA will not apply to a transaction. Please refer to your variable annuity contract and most recent variable annuity contract prospectus, along with any supplementary materials, for more information regarding transfers between the investment options and withdrawals and surrenders from the Contracts, including the circumstances under which a transaction may not be subject to an MVA.

The Market Value Adjustment reflects changes in interest rates from the time you first allocate money to a Guarantee Period Account to the time the money is taken out of that Guarantee Period Account under the circumstances described above. The formula for determining Market Value Adjustments reflects the length of time remaining in the Guarantee Period Account and changes in interest rates since the beginning of the relevant Guarantee Period Account to the time of your transaction. As a result, the MVA transfers to you some of the risk associated with changes in interest rates on amounts allocated to the MVA Fixed Account Option. The Market Value Adjustment may be positive or negative, depending on changes in interest rates. If interest rates have increased since the establishment of a Guarantee Period Account, the Market Value Adjustment, together with any applicable withdrawal charges, premium taxes, and income tax withholdings, could reduce the amount transferred or the amount you receive upon full withdrawal from a Guarantee Period Account to an amount less than the Contract Value allocated to establish that Guarantee Period Account.

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We use the U.S. Treasury Note Constant Maturity Yield as reported in Federal Reserve Statistical Release H.15 ("Treasury Rate") to calculate the Market Value Adjustment. The formula for calculating the Market Value Adjustment primarily compares:

(1) the
 Treasury Rate at the time of the relevant transaction for a maturity equal in length to the relevant MVA Guarantee Period (the
 current Treasury Rate); and

(2) the
 Treasury Rate at the beginning of the MVA Guarantee Period for a maturity equal in length to the MVA Guarantee Period.

Generally, if at the time you establish a Guarantee Period Account, the Treasury Rate at the beginning of the Guarantee Period Account for a maturity equal to that MVA Guarantee Period is higher than the applicable Treasury Rate at the time money is to be taken from the Guarantee Period Account, the Market Value Adjustment will increase the amount payable to you or transferred. Conversely, if at the time you establish a Guarantee Period Account, the applicable Treasury Rate at the beginning of the Guarantee Period Account is lower than the applicable Treasury Rate at the time the money is to be taken from the Guarantee Period Account, the Market Value Adjustment will reduce the amount payable to you or transferred. The amount of time remaining in the MVA Guarantee Period at the time of your transaction also affects the magnitude of the adjustment. Generally, more time left means a larger potential adjustment, as it reflects greater exposure to interest rate fluctuations over the remaining time period.

For example, assume that you purchased a Contract and allocate part of the initial purchase payment (and Credit Enhancements for Consultant Solutions Plus Contracts) to the MVA Fixed Account Option to establish a 5-year Guarantee Period Account. Assume that the 5-year Treasury Rate at that time is 4.50%. Next, assume that at the end of the 3rd year, you withdraw money from the Guarantee Period Account and wish to receive the requested amount as adjusted by the Market Value Adjustment. If, at that time, the 5-year Treasury Rate is 4.20%, then the Market Value Adjustment will be positive, which will result in an increase in the amount payable to you. Conversely, if the 5-year Treasury Rate at that time is 4.80%, then the Market Value Adjustment will be negative, which will result in a decrease in the amount payable to you.

The formula used to calculate the Market Value Adjustment is set forth in the SAI to this Prospectus, which also contains additional numerical examples illustrating its application as it applies to each of the Contracts. You may obtain information concerning the current amount of an MVA by contacting us at 1-800-457-7617. However, MVAs fluctuate daily, and the amount of the MVA quoted may change by the time your transaction is executed.

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**Purchases**

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None of the Contracts are currently offered for new sales. However, under outstanding Contracts you may be able to make additional purchase payments, and allocate additional purchase payments or transfer amounts of Contract Value to the MVA Fixed Account Option. We will credit subsequent purchase payments to the Contract at the close of the business day on which we receive the purchase payment at our service center. For information about additional purchase payments, allocations and transfers available under your Contract, please refer to your variable annuity contract and the most recent variable annuity contract prospectus, along with any supplementary materials.

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**Withdrawals (Redemptions)**

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You generally may redeem a Contract for all or a portion of its Contract Value before the Payout Start Date (including as a part of our Systematic Withdrawal Program, if available under your Contract). If applicable to your Contract, we may impose a withdrawal charge, which would reduce the amount paid to you upon a full withdrawal.

If you request a partial withdrawal from a Guarantee Period, we can either (1) withdraw the specified amount of Contract Value and pay you that amount as adjusted by any applicable Market Value Adjustment (and Withdrawal Charge for Consultant I and Premier Planner) or (2) pay you the amount requested, and subtract an amount from your Contract Value that equals the requested amount after application of the Market Value Adjustment and Withdrawal Charge. Unless you instruct us otherwise, when you request a partial withdrawal we will withdraw the specified amount of Contract Value and pay you that amount as adjusted by any applicable Market Value Adjustment, and any Withdrawal Charge will be subtracted from the Contract Value remaining after your withdrawal.

For more information on withdrawal charges, if applicable, please reference your most recent variable annuity contract prospectus, along with any supplementary materials. Withdrawals (including withdrawals that are part of any Systematic Withdrawal Program) and surrenders from the Contract will also be subject to applicable taxes and tax penalties, and withdrawals (including withdrawals that are part of any Systematic Withdrawal Program) and surrenders from the MVA Account Option may be increased or decreased by the amount of any applicable Market Value Adjustment, as described above under "[<u>Expenses and Adjustments – Market Value Adjustment</u>](#chapter_9-sect1_2_1099)." Withdrawals will result in reductions to your Contract Value, death benefit, and any Contract benefits.

For partial withdrawals, you may allocate the amount among the Sub-Accounts and the Fixed Account (which includes the MVA Fixed Account Option, Standard Fixed Account Option (only available under Consultant Solutions), and the Dollar Cost Averaging Fixed Account(s)). You must name the investment alternative from which you are taking the withdrawal. If we do not receive allocation instructions from you, we usually will allocate the partial withdrawal proportionately among the investment options in which you are invested.

We determine the Settlement Value based on the Contract Value next computed after we receive a properly completed request for withdrawal at our service center. We will usually pay the Settlement Value from the Variable Account within seven days after the day we receive a completed request form, subject to postponement in certain circumstances. We may delay payment of the Settlement Value from the Fixed Account for up to 6 months or a shorter period if required by law. If we delay payment from the Fixed Account for 30 days or more, we will pay interest as required by applicable law. For more information regarding withdrawals and surrenders, such as withdrawals from the Sub-Accounts of the Variable Account, procedures for withdrawal and surrender requests, limitations on withdrawals, examples, automatic withdrawal options, minimum Contract values, and tax implications, please refer to the applicable variable annuity contract and the most recent variable annuity contract prospectus and any supplementary materials.

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**Distribution of the Contracts**

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The MVA Account Option is available only under certain variable annuity contracts issued by LBL, as identified above. Information about the arrangements for distributing the variable annuity contracts is included under "Distribution" in the appropriate variable annuity contract prospectus and in the statement of additional information that relates to that prospectus. All of that information applies, regardless of whether you choose to allocate Contract Value to the MVA Account Option, and there is no additional plan of distribution or sales compensation with respect to the MVA Account Option. Also as described in the appropriate variable annuity contract prospectus, the principal underwriter and distributor for all of the Contracts is Everlake Distributors, LLC ("Everlake Distributors"), formerly known as Allstate Distributors, L.L.C., a wholly-owned subsidiary of Everlake Life Insurance Company ("ELIC"), formerly known as Allstate Life Insurance Company ("Allstate Life"). The principal business address of Everlake Distributors is 3100 Sanders Road, Northbrook, IL 60062. Everlake Distributors is a registered broker-dealer under the Securities and Exchange Act of 1934, as amended ("Exchange Act") and is a member of FINRA. The underwriting agreement with Everlake Distributors provides that we will reimburse Everlake Distributors for any liability to Contract owners arising out of services rendered or Contracts issued.

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**Principal Risks of Investing in the Contract**

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The risks identified below are the principal risks of investing in the MVA Fixed Account Option. Your variable annuity Contract is also subject to the principal risks identified in your most recent variable annuity contract prospectus and any supplementary materials.

**Risk of Loss.** You can lose money by investing in this Contract, including loss of principal and any accumulated earnings. The Contracts and the MVA Fixed Account Option are not FDIC insured and are not deposits, obligations, or guarantees of any bank, financial institution, or federal regulatory agency.

**Short Term Investment Risk.** The Contracts are not designed for short-term investing and are not intended for people who may need early liquidity or ready access to cash. The Contracts are designed to aid in long-term financial planning and provide tax-deferred retirement investing. The benefits of tax-deferral and long-term income mean that the Contracts are more beneficial to investors with a long investment time horizon. Withdrawals (including withdrawals that are part of any Systematic Withdrawal Program) and surrenders from the Contracts may be subject to withdrawal charges, if applicable, and/or federal and state income taxes, including a 10% federal tax penalty for distributions taken before age 59½. In addition, withdrawals (including withdrawals that are part of any Systematic Withdrawal Program) and surrenders from the Guarantee Period Accounts may also be subject to negative MVAs, which will result in loss. See "Withdrawals and Transfers May be Subject to Market Value Adjustment," and "Market Value Adjustment Risk" below.

**Reliance on the Company's Financial Strength and Claims-Paying Ability.** The Company's general obligations such as insurance and annuity obligations and any guaranteed benefits under the Contracts (including the Guarantee Period Accounts) are supported by our General Account and are subject to the Company's financial strength and claims-paying ability. The MVA Fixed Account Option is part of our General Account. Our General Account consists of our general assets other than those in segregated asset accounts. An Owner should look to the financial strength of the Company for its claims-paying ability. If we experience financial distress, we may not be able to meet our obligations to you. For more information about the Company, including our financial statements and risks related to the Company and its industry, see the SAI.

**Withdrawals and Transfers May be Subject to Market Value Adjustment.** Withdrawals (including withdrawals that are part of any Systematic Withdrawal Program) and transfers from a Guarantee Period Account prior to its expiration may be subject to a Market Value Adjustment as set forth in this Prospectus and in the applicable Contract's prospectus, in addition to any applicable withdrawal charges and/or federal and state income taxes, including a 10% federal tax penalty for distributions taken before age 59½. A Market Value Adjustment may also apply to amounts in the MVA Fixed Account Option if we pay Death Proceeds or if the Payout Start Date begins on a day other than during the 30-day period after such Guarantee Period Account expires. The Market Value Adjustment may be positive or negative, depending on changes in interest rates. As such, you bear the risk of loss due to a negative adjustment associated with changes in interest rates. See also "Market Value Adjustment Risk" below.

**Market Value Adjustment Risk.** A Market Value Adjustment may be positive or negative, depending on changes in interest rates. As such, you bear the risk of loss due to a negative adjustment associated with changes in interest rates. If interest rates increase from the first day of a Guarantee Period Account, the Market Value Adjustment could reduce the value of your investment to an amount that is less than the amount you invested in the Guarantee Period Account. A negative MVA will reduce your Contract Settlement Value, death benefit amount (including any optional death benefits), and Contract Value applied to an annuity option from the MVA Fixed Account Option, perhaps significantly. Your losses could be significant. In extreme circumstances, you could lose up to 100% of the amount withdrawn or surrendered, transferred, annuitized, or paid as a death benefit due to a negative MVA. Any loss from a negative Market Value Adjustment will be greater if you also have to pay withdrawal charges, taxes, and/or tax penalties.

**Declared Interest Rate Risk.** We may declare new interest rates for new Guarantee Period Accounts. We will not change the interest rate that we credit to a particular allocation until the end of the relevant MVA Guarantee Period. We determine the interest rates to be declared in our sole discretion. We can neither predict nor guarantee what those rates will be in the future. For current interest rate information, please contact your representative or Lincoln Benefit at 1-800-457-7617.

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**Additional Information**

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**Annuity Benefits**

The Contracts provide for Contract Value to be applied to one of the annuity options available under your Contract on the Payout Start Date. An MVA may apply if amounts are moved from the Guarantee Period Accounts prior to the expiration of a Guarantee Period Account to begin annuity payments. For more information about the Payout Phase, please refer to your variable annuity contract and the most recent variable annuity contract prospectus, along with any supplementary materials.

**Taxes**

For a full discussion of the tax treatment of your Contract, please refer to your most recent variable annuity contract prospectus and any supplementary materials. For information about any tax consequences with regard to your individual circumstances, you should consult a tax adviser.

**Financial Statements**

The financial statements of Lincoln Benefit Life Company are incorporated in the SAI by reference. For instructions on how to obtain a free copy of the SAI, please refer to the information on the back cover page of this Prospectus.

**Legal Proceedings**

Lincoln Benefit is engaged in routine lawsuits which, in our management's judgment, are not likely to have a material adverse effect on the Company, the ability of Everlake Distributors to perform its contract with the Variable Account, or our ability to meet our obligations under the Contracts.

**Statements, Confirmations and Reports**

We will send you Contract statements at least annually. We will also send you transaction confirmations. You should notify us promptly in writing of any address change. You should read your statements and confirmations carefully and verify their accuracy. You should contact us if you have a question about a periodic statement or a confirmation. We will investigate all complaints and make any necessary adjustments retroactively, but you should notify us of a potential error as soon as possible after the date of the questioned statement. If you wait too long, we may make any adjustment as of the date that we receive notice of the potential error. Correspondence you send by regular mail to our service center should be sent to P.O. Box 758543, Topeka, KS 66675-8566. Your correspondence will be picked up at this address and then delivered to our service center. Your correspondence is not considered received by us until it is received at our service center. Where this prospectus refers to the day when we receive a purchase payment, request, election, notice, transfer or any other transaction request from you, we mean the day on which that item (or the last requirement needed for us to process that item) arrives in Good Order at our service center or via the appropriate telephone or fax number if the item is a type we accept by those means. There are two main exceptions: if the item arrives at our service center (1) on a day that is not a business day, or (2) after the close of a business day, then, in each case, we are deemed to have received that item on the next business day. We will also provide you with additional periodic and other reports, information and prospectuses as may be required by federal securities laws.

**Reliance on Rule 12h-7**

Rule 12h-7 under the Exchange Act exempts an insurance company from filing reports under the Exchange Act when the insurance company issues certain types of insurance products that are registered under the Securities Act of 1933 and such products are regulated under state law. The Market Value Adjusted Fixed Account Option described in this Prospectus qualifies for the exemption provided under Rule 12h-7. The Company relies on the exemption provided under Rule 12h-7 with respect to the offering of the Market Value Adjusted Fixed Account Option described in this Prospectus and, due to the exemption, does not file reports under the Exchange Act.

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**Appendix A:** **Investment Options Available Under the Contract**

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The following is a list of MVA Guarantee Periods currently available under the MVA Fixed Account Option. We may change the features of the MVA Guarantee Periods listed below, offer new MVA Guarantee Periods, and terminate existing MVA Guarantee Periods. We will provide you with written notice before doing so. For more information about the MVA Guarantee Periods available under the MVA Fixed Account Option, see "[<u>Description of the Market Value Adjusted Fixed Account Option.</u>](#chapter_8-sect1_1_1099)"

**Note: If amounts are withdrawn or otherwise removed from a Guarantee Period Account prior to the end of the MVA Guarantee** **Period, we may apply an MVA. This may result in a significant reduction in the value of your Contract. See "**[**<u>Expenses and</u>** **<u>Adjustments – Market Value Adjustment</u>**](#chapter_9-sect1_2_1099)**" for more information.**

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| | |
|:---|:---|
| **Name** | **Term** |
| MVA Guarantee Period | 1 Year<br>0%<sup>1</sup> |
| MVA Guarantee Period | 3 Year<br>0%<sup>1</sup> |
| MVA Guarantee Period | 5 Year<br>0%<sup>1</sup> |
| MVA Guarantee Period | 7 Year<br>0%<sup>1</sup> |
| MVA Guarantee Period | 10 Year<br>0%<sup>1</sup> |

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\*Please consult with your representative for availability and current rates.

<sup>1</sup>No Minimum Guaranteed Interest Rate on Guarantee Periods.

Other investment options available under your Contract are described in your variable annuity contract and most recent variable annuity contract prospectus, along with any supplementary materials, which you may obtain by contacting us at 1-800-457-7617. Additional information regarding the Portfolios in which the Sub-Accounts invest, including performance and annual Portfolio operating expenses, can also be found in the most recent prospectuses for the Portfolios, which may be amended from time to time, and supplementary materials. You may request prospectuses for the Portfolios, which do not accompany this Prospectus, by calling us at the number listed above or writing to us at the address listed on the first page of this Prospectus.

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The Statement of Additional Information (SAI) includes additional information about the Company and the Guaranteed Maturity Fixed Account Option. The SAI is dated the same date as this Prospectus and is incorporated by reference. To obtain a copy of the SAI free of charge, and to make inquiries about your Contract, please contact us toll-free at 1-800-457-7617.

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EDGAR Contract Numbers:<br>

C000267777 LBL Consultant Solutions Classic<br>C000267776 LBL Consultant Solutions Plus<br>C000267775 LBL Consultant Solutions Elite<br>C000267774 LBL Consultant Solutions Select<br>C000267773 LBL Advantage

MVA-LBL2

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**STATEMENT OF ADDITIONAL INFORMATION**<br>**MARKET VALUE ADJUSTED FIXED ACCOUNT**<br>**UNDER CERTAIN VARIABLE ANNUITIES**<br>**ISSUED BY**<br>**LINCOLN BENEFIT LIFE COMPANY**<br>Lincoln Benefit Life Company<br>Street Address: 5801 SW 6th Ave., Topeka, KS 66606-00001<br>Mailing Address: P.O. Box 758561, Topeka, KS 66675-8561<br>Tel: 1 (800) 457-7617<br>Fax: 1 (785) 228-4584<br>Dated May 1, 2026

This Statement of Additional Information ("SAI") is not a prospectus. This SAI supplements the information found in the Prospectus for the Market Value Adjusted Fixed Account under Certain Variable Annuity Contracts Issued by Lincoln Benefit Life Company, dated May 1, 2026, and should be read in conjunction with the Prospectus. You may obtain a Prospectus for the Market Value Adjusted Fixed Account Option (the "MVA Fixed Account Option,") by calling or writing to us at the address and telephone number listed above. Definitions of special terms used in the SAI are found in the Prospectus.

The MVA Fixed Account Option is available only under the following individual and group deferred variable annuity contracts that we offer through Lincoln Benefit Life Company Variable Annuity Separate Account: The Consultant Solutions Variable Annuities (Classic, Plus, Elite, Select) ("Consultant Solutions") and the LBL Advantage Variable Annuity ("LBL Advantage," and together with Consultant Solutions, the "Contracts," and each a "Contract"). Information about the Contracts' Variable Account and any investment options under the Contracts other than the MVA Fixed Account Option can be found in most recent SAI for each variable annuity contract and any supplementary materials. You can obtain copies of the appropriate variable annuity contract SAI and supplementary materials free of charge by contacting us at the information listed above.

**Table of Contents**

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| | |
|:---|:---|
|  | **PAGE** |
| [GENERAL INFORMATION AND HISTORY](#chapter_2_1220) | [2](#chapter_2_1220) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [GENERAL INFORMATION AND HISTORY](#chapter_2-sect1_1_1220) | [2](#chapter_2-sect1_1_1220) |
| [NON-PRINCIPAL RISKS OF INVESTING IN THE CONTRACT](#chapter_3_1220) | [2](#chapter_3_1220) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [NON-PRINCIPAL RISKS OF INVESTING IN THE CONTRACT](#chapter_3-sect1_1_1220) | [2](#chapter_3-sect1_1_1220) |
| [SERVICES](#chapter_4_1220) | [2](#chapter_4_1220) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Administrative Service Providers](#chapter_4-sect1_2_1220) | [2](#chapter_4-sect1_2_1220) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Independent Registered Public Accounting Firm](#chapter_4-sect1_3_1220) | [3](#chapter_4-sect1_3_1220) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Principal Underwriter](#chapter_4-sect1_4_1220) | [3](#chapter_4-sect1_4_1220) |
| [MARKET VALUE ADJUSTMENT EXAMPLES](#chapter_5_1220) | [3](#chapter_5_1220) |
| [FINANCIAL STATEMENTS](#chapter_6_1220) | [6](#chapter_6_1220) |
| [CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS](#chapter_7_1220) | [6](#chapter_7_1220) |

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| |
|:---|
| Consultant Solutions Classic: C000267777 |
| Consultant Solutions Plus: C000267776 |
| Consultant Solutions Elite: C000267775 |
| Consultant Solutions Select: C000267774 |
| LBL Advantage: C000267773 |

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**GENERAL INFORMATION AND HISTORY**

Lincoln Benefit Life Company ("Lincoln Benefit," the "Company," "we," "us," and "our") is a stock life insurance company incorporated under the laws of the State of Nebraska in 1938. Lincoln Benefit is a wholly-owned subsidiary of LBL HoldCo II, Inc., a Delaware corporation, which is a wholly-owned subsidiary of LBL HoldCo, Inc. ("HoldCo Parent"). HoldCo Parent is a wholly-owned subsidiary of Kuvare US Holdings, Inc. ("KUS"). Prior to December 31, 2022, HoldCo Parent was a wholly-owned subsidiary of Guaranty Income Life Insurance Company ("GILICO"). KUS is the ultimate parent of GILICO and HoldCo Parent. Prior to December 31, 2019, HoldCo Parent was a subsidiary of RL LP and RL (Parallel) Partnership.

Prior to July 18, 2013, we sold interest-sensitive, traditional and variable life insurance, and fixed annuities including deferred and immediate, through independent master brokerage agencies and the Allstate exclusive agency channel. In July 2013, we ceased soliciting and selling new policies through our independent agent channel. In 2017, we ceased soliciting and selling new policies through the Allstate exclusive agency channel.

In 2015, the administration of our retained deferred annuity and life business was outsourced to unaffiliated third-party service providers, Zinnia, formerly SE2, LLC, and Alliance–One Services, Inc. Everlake Life Insurance Company ("Everlake"), formerly known as Allstate Life Insurance Company ("ALIC"), continues to reinsure and administer business sold through the Allstate exclusive agency channel and certain life, immediate and payout annuity contracts. LifeCare Assurance Company administers the Company's long-term care business.

Lincoln Benefit's variable annuity business is reinsured by Everlake under an existing reinsurance agreement between Lincoln Benefit and Everlake, formerly known as ALIC. In 2006, ALIC disposed of substantially all of its variable annuity business through reinsurance agreements with The Prudential Insurance Company of America, a subsidiary of Prudential Financial, Inc. The Company was not a direct party to this agreement and its reinsurance agreement with Everlake remains unchanged.

**NON-PRINCIPAL RISKS OF INVESTING IN THE CONTRACT**

All non-principal risks are disclosed in the Prospectus.

**SERVICES**

**Administrative Service Providers**

We have primary responsibility for all administration of the Contracts and the Variable Account. We entered into an administrative services agreement with ELIC, formerly Allstate Life. ELIC entered into an administrative services agreement with The Prudential Insurance Company of America ("PICA") pursuant to which PICA or an affiliate provides administrative services to the Variable Account and the Contracts on our behalf. In addition, PICA entered into a master services agreement with Zinnia, formerly SE2, LLC, of 5801 SW 6th Avenue, Topeka, Kansas 66636, whereby Zinnia provides certain business process outsourcing services with respect to the Contracts. Zinnia may engage other service providers to provide certain administrative functions. These service providers may change over time, and as of December 31, 2024, consisted of the following: Donnelley Financial Solutions, formerly an RR Donnelley company (compliance printing and mailing) located at 35 West Wacker Drive, Chicago, IL 60601; Iron Mountain Information Management, LLC (file storage and document destruction) located at 1 Federal Street, Boston, MA 02110; O'Neil Digital Solutions, LLC (printing services) located at 3100 E Plano Pkwy Plano, TX, 75074-7423; SOVOS Compliance (withholding calculations and tax statement mailing) located at 3650 Annapolis Lane, Suite 190, Plymouth, MN 55447; Records Center of Topeka, a division of Underground Vaults & Storage, Inc. (back-up tapes storage) located at 1540 NW Gage Blvd. #6, Topeka, KS 66618; Venio LLC, d/b/a Keane (lost shareholder search) located at PO Box 1508, Southeastern, PA 19399-1508; Broadridge Customer Communications Central, LLC (printing and mailing anniversary statements, financial confirmations, automated letters and quarterly statements) located at 2600 Southwest Blvd., Kansas City, MO 64108; NTT DATA Inc. (offshore, onshore, and nearshore) information and technology infrastructure support; application development, and application maintenance and support and staff augmentation) located at 7950 Legacy Drive, Suite 900, Plano, TX 75024.

In administering the Contracts, the following services are provided, among others:

• maintenance
 of Contract Owner records;

• Contract
 Owner services;

• calculation
 of unit values;

• maintenance
 of the Variable Account; and

• preparation
 of Contract Owner reports.

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**Independent Registered Public Accounting Firm**

The statutory-basis financial statements of Lincoln Benefit Life Company as of December 31, 2025 and 2024, and for each of the three years in the period ended December 31, 2025, and the financial statements of the Lincoln Benefit Life Variable Annuity Account as of December 31, 2025, and for each of the two years in the period ended December 31, 2025, appearing in this Statement of Additional Information have been audited by Ernst & Young LLP, independent registered public accounting firm, as set forth in their report thereon appearing elsewhere herein, and are included in reliance upon such report given on the authority of such firm as experts in accounting and auditing. The principal business address of Ernst & Young LLP is 155 N Wacker Dr. #2000, Chicago, Illinois 60606.

**Principal Underwriter**

The Contracts are offered on a continuous basis. The principal underwriter for the Contracts is Everlake Distributors, L.L.C. ("Everlake Distributors"), formerly known as Allstate Distributors, L.L.C., a wholly-owned subsidiary of Everlake Life Insurance Company ("ELIC"), formerly known as Allstate Life Insurance Company ("Allstate Life"). The principal business address of Everlake Distributors is 3100 Sanders Road, Northbrook, IL 60062. Everlake Distributors is a registered broker dealer under the Securities Exchange Act of 1934, as amended (the "Exchange Act"), and a member of the Financial Industry Regulatory Authority.

Under the underwriting agreement for the Contracts, Lincoln Benefit reimburses Everlake Distributors for expenses incurred in distributing the Contracts, including liability arising from services Lincoln Benefit provides on the Contracts. Lincoln Benefit does not pay Everlake Distributors any commission or other compensation.

**MARKET VALUE ADJUSTMENT EXAMPLES**

We may apply a Market Value Adjustment to amounts in the Guarantee Period Accounts that are withdrawn (including withdrawals that are part of any Systematic Withdrawal Program) or surrendered, transferred, annuitized, or paid as a death benefit from a Guarantee Period Account prior to the expiration of the MVA Guarantee Period. A Market Value Adjustment can increase or decrease the amount you receive from the transaction or the amount transferred from the Guarantee Period Account. If you surrender your Contract, the MVA will increase or decrease your Settlement Value from the Guarantee Period Accounts after any applicable taxes, applicable withdrawal charges (except with regard to Consultant Solutions Select, which does not assess a withdrawal charge), and contract maintenance charges are deducted. Both the MVA and the Withdrawal Charge (if applicable) are calculated based on the requested withdrawal amount.

The examples below demonstrate the operation of the MVA and Withdrawal Charges, as applicable, with regard to withdrawals from the Guarantee Period Accounts under each Contract. The examples do not reflect taxes or any other charges that might be deducted upon a withdrawal or surrender.

In these examples, a full withdrawal from the Guarantee Period Account occurs 3 years after the Contract Issue Date. The Market Value Adjustment operates in a similar manner for transfers. No Withdrawal Charge applies to transfers.

The examples assume that the entire $10,000.00 purchase payment is allocated to the MVA Fixed Account for a five-year MVA Guarantee Period. After three years, when the withdrawal occurs in these examples, the Contract Value would be $11,411.66. We have assumed that no prior partial withdrawals or transfers have occurred.

The Market Value Adjustment factor is determined from the following formula:

.9 × [I-(J +.0025)] × N

I = the Treasury Rate for a maturity equal to the term length of the MVA Guarantee Period for the week preceding the establishment of the Guarantee Period Account;

J = the Treasury Rate for a maturity equal to the term length of the MVA Guarantee Period for the week preceding the date amounts are transferred or withdrawn from the Guarantee Period Account, the date we determine the Death Proceeds, or the Payout Start Date, as the case may be ("Market Value Adjustment Date").

N = the number of whole and partial years from the Market Value Adjustment Date to the expiration of the term length of the Guarantee Period Account.

Treasury Rate means the U.S. Treasury Note Constant Maturity yield as reported in Federal Reserve Board Statistical Release H.15. If such yields cease to be available in Federal Reserve Board Statistical Release H.15, then we will use an alternate source for such information in our discretion.

The numerator of the MVA formula includes a factor, currently equal to 0.0025 or 25 basis points. The factor is an adjustment that is applied when an MVA is assessed (regardless of whether the MVA is positive or negative) and, relative to when no factor is applied, will reduce the amount being surrendered, withdrawn or transferred from the Guarantee Period Account.

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To determine the Market Value Adjustment, we will multiply the Market Value Adjustment factor by the amount transferred, withdrawn, surrendered, paid as Death Proceeds, or applied to an Income Plan from a Guarantee Period Account at any time other than during the 30-day period after such Guarantee Period Account expires. These examples also show the withdrawal charge (if any), which would be calculated separately from the Market Value Adjustment.

**<u>Consultant Solutions (Classic)</u>**

These examples assume the election of the Consultant Solutions Classic Contract for the purpose of illustrating the Market Value Adjustment calculation. The amounts would be different under Consultant Solutions Plus, Consultant Solutions Elite Contracts, and Consultant Solutions Select Contracts which have different expenses and withdrawal charges.

---

| | |
|:---|:---|
| Purchase Payment: | $10,000.00 Allocated to a Guarantee Period Account |
| Guarantee Period: | 5 years |
| Guaranteed Interest Rate: | 4.50% Annual Effective Rate |
| Full Withdrawal | End of Contract Year 3 |
| 5-Year Treasury Rate at Time of Purchase Payment: | 4.50% |

---

**Example 1: (Assumes Declining Interest Rates)**

<u>Step 1: Calculate Contract Value at End of Contract Year 3:</u>

$10,000.00 \* (1.045)<sup>3</sup> = $11,411.66

<u>Step 2: Calculate the Free Withdrawal Amount:</u>

.15 \* $10,000.00 = $1,500.00

<u>Step 3: Calculate the Withdrawal Charge:</u>

.06 \* ($10,000.00 - $1,500.00) = $510.00

<u>Step 4: Calculate the Market Value Adjustment:</u>

I = 4.50%

J = 4.20% (5-Year Treasury Rate at time of withdrawal)

N = 730 DAYS / 365 DAYS = 2

<u>Market Value Adjustment Factor:</u>

.9 \* [I - (J +.0025)] \* N =.9 \* [.045 - (.042 +.0025)] \* 2 = 0.0009

<u>Market Value Adjustment = Market Value Adjustment Factor \* Amount Subject to Market Value Adjustment:</u>

.0009 \* $11,411.66 = $10.27

<u>Step 5: Calculate the amount received by Contract owner as a result of full withdrawal at the end of Contract Year 3:</u>

$11,411.66 - $510.00 + $10.27 = $10,911.93

The percentage change in the Contract Value withdrawn as a result of the Market Value Adjustment would be 0.09%.

**Example 2: (Assumes Rising Interest Rates)**

<u>Step 1: Calculate Contract Value at End of Contract Year 3:</u>

$10,000.00 \* (1.045)<sup>3</sup> = $11,411.66

<u>Step 2: Calculate the Free Withdrawal Amount:</u>

.15 \* $10,000.00 = $1,500.00

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[Back to **Table of Contents**](#TOC_1220)

<u>Step 3: Calculate the Withdrawal Charge:</u>

.06 \* ($10,000.00 - $1,500.00) = $510.00

<u>Step 4: Calculate the Market Value Adjustment:</u>

I = 4.50%

J = 4.80% (5-Year Treasury Rate at time of withdrawal)

N = 730 DAYS / 365 DAYS = 2

<u>Market Value Adjustment Factor:</u>

.9 \* [I - (J +.0025)] \* N =.9 \* [.045 - (.048 +.0025)] \* 2 = - 0.0099

<u>Market Value Adjustment = Market Value Adjustment Factor \* Amount Subject to Market Value Adjustment:</u>

-0.0099 \* $11,411.66 = -($112.98)

<u>Step 5: Calculate the amount received by Contract owner as a result of full withdrawal at the end of Contract Year 3:</u>

$11,411.66 - $510.00 - $112.98 = $10,788.68

The percentage change in the Contract Value withdrawn as a result of the Market Value Adjustment would be -0.99%.

**<u>LBL Advantage Variable Annuities</u>**

---

| | |
|:---|:---|
| Purchase Payment: | $10,000.00 Allocated to a Guarantee Period Account |
| Guarantee Period: | 5 years |
| Guaranteed Interest Rate: | 4.50% Annual Effective Rate |
| Full Withdrawal | End of Contract Year 3 |
| 5-Year Treasury Rate at Time of Purchase Payment: | 4.50% |

---

**Example 1: (Assumes Declining Interest Rates)**

<u>Step 1: Calculate Contract Value at End of Contract Year 3:</u>

$10,000.00 \* (1.045)<sup>3</sup> = $11,411.66

<u>Step 2: Calculate the Free Withdrawal Amount:</u>

.15 \* $10,000.00 = $1,500.00 (greater than $1,411.66 earnings in the Contract)

<u>Step 3: Calculate the Withdrawal Charge\*:</u>

.07 x ($10,000.00- $88.34) = $693.82

\*Under the Contract, for purposes of determining the Withdrawal Charge, earnings are deemed to be withdrawn before purchase payments. Accordingly, in this example, the amount of the purchase payment eligible for free withdrawal would equal the Free Withdrawal Amount less the interest credited or $88.34 ($1,500.00 - $1,411.66). Therefore, the Withdrawal Charge would be $693.82.

<u>Step 4: Calculate the Market Value Adjustment:</u>

I = 4.50%

J = 4.20% (5-Year Treasury Rate at time of withdrawal)

N = 730 DAYS / 365 DAYS = 2

------

[Back to **Table of Contents**](#TOC_1220)

<u>Market Value Adjustment Factor:</u>

.9 \* [I - (J +.0025)] \* N =.9 \* [.045 - (.042 +.0025)] \* 2 = 0.0009

<u>Market Value Adjustment = Market Value Adjustment Factor \* Amount Subject to Market Value Adjustment:</u>

.0009 \* $11,411.66 = $10.27

<u>Step 5: Calculate the amount received by Contract owner as a result of full withdrawal at the end of Contract Year 3:</u>

$11,411.66 - $693.82 + $10.27 = $10,728.11

**Example 2: (Assumes Rising Interest Rates)**

<u>Step 1: Calculate Contract Value at End of Contract Year 3:</u>

$10,000.00 \* (1.045)<sup>3</sup> = $11,411.66

<u>Step 2: Calculate the Free Withdrawal Amount:</u>

.15 \* $10,000.00 = $1,500.00 (greater than $1,411.66 earnings in the Contract)

<u>Step 3: Calculate the Withdrawal Charge\*:</u>

.07 \* ($10,000 - $1,500) = $693.82

\* As above, in this example, for purposes of determining the Withdrawal Charge, the amount of the purchase payment eligible for free withdrawal would equal the Free Withdrawal Amount less the interest credited or $88.34 ($1,500.00 - $1,411.66). Therefore, the Withdrawal Charge would be $693.82

<u>Step 4: Calculate the Market Value Adjustment:</u>

I = 4.50%

J = 4.80% (5-Year Treasury Rate at time of withdrawal)

N = 730 DAYS / 365 DAYS = 2

<u>Market Value Adjustment Factor:</u>

.9 \* [I - (J +.0025)] \* N =.9 \* [.045 - (.048 +.0025)] \* 2 = - 0.0099

<u>Market Value Adjustment = Market Value Adjustment Factor \* Amount Subject to Market Value Adjustment:</u>

-0.0099 \* $11,411.66 = -($112.98)

<u>Step 5: Calculate the amount received by Contract owner as a result of full withdrawal at the end of Contract Year 3:</u>

$11,411.66 - $693.82 - $112.98 = $10,604.86

The percentage change in the Contract Value withdrawn as a result of the Market Value Adjustment would be -0.99%.

**FINANCIAL STATEMENTS**

The financial statements of Lincoln Benefit Life Company are incorporated by reference to our Form [N-VPFS](https://www.sec.gov/Archives/edgar/data/910069/000091006926000021/a2025lbl_scfinancialxcombi.htm) filed with the Securities and Exchange Commission on April 15, 2026. These financial statements and schedules of Lincoln Benefit Life Company should be considered only as bearing upon the ability of Lincoln Benefit Life Company to meet its obligations under the Contracts.

**CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS**

None.

------

PART C<br>333-286299<br>OTHER INFORMATION

ITEM 27. EXHIBITS:

---

| | |
|:---|:---|
| (a) | Not applicable. |
| (b) | Not applicable. |
| (c)(1) | [Form of Principal Underwriting Agreement. Incorporated herein by reference to Post-Effective Amendment to Form N-4 for Lincoln Benefit Life Variable Annuity Account (File No. 333-50545, 811-07924) filed January 28, 1999.](http://www.sec.gov/Archives/edgar/data/910069/0000910739-99-000005.txt) |
| (2) | [Amended and Restated Principal Underwriting Agreement by and between Lincoln Benefit Life Company and Allstate Distributors, LLC, effective April 1, 2014. Incorporated herein by reference to Lincoln Benefit Life Company's Form S-1 Post-Effective Amendment No. 2 to Registration Statement filed on April 4, 2014. (SEC File No. 333-180375).](http://www.sec.gov/Archives/edgar/data/910739/000119312514131805/d664239dex1a.txt) |
| (d)(1) | [Form of Variable Annuity Contract (Consultant Solutions, Classic, Plus, Elite). Incorporated herein by reference to Registration Statement on Form N-4 for Lincoln Benefit Life Variable Annuity Account (File No. 333-109688, 811-07924) filed October 14, 2003.](https://www.sec.gov/Archives/edgar/data/910069/000094509403000694/solutionsexh4.txt) |
| (2) | [Form of Variable Annuity Contract (LBL Advantage). Incorporated herein by reference to Registration Statement on Form N-4 for Lincoln Benefit Life Variable Annuity Account (File No. 333-61146, 811-07924) filed May 17, 2001.](https://www.sec.gov/Archives/edgar/data/910069/000091006901500043/ex_4.txt) |
| (e)(1) | [Form of Application for Consultant Solutions, Classic, Plus, Elite. Incorporated herein by reference to Registration Statement on Form N-4 for Lincoln Benefit Life Variable Annuity Account (File No. 333-109688, 811-07924) filed October 14, 2003.](https://www.sec.gov/Archives/edgar/data/910069/000094509403000694/solutionsexh5.txt) |
| (2) | [Form of Application for LBL Advantage. Incorporated herein by reference to Registration Statement on Form N-4 for Lincoln Benefit Life Variable Annuity Account (File No. 333-61146, 811-07924) filed May 17, 2001.](https://www.sec.gov/Archives/edgar/data/910069/000091006901500043/ex_5.txt) |
| (f)(1) | [Amended and Restated Articles of Incorporation of Lincoln Benefit Life Company dated September 26, 2000, as amended by the Articles of Amendment to the Articles of Incorporation of Lincoln Benefit Life Company dated January 21, 2015. Incorporated herein by reference to Exhibit 3(i) to Lincoln Benefit Life Company's Registration Statement on Form S-1 filed on April 13, 2015 (File No. 333-203371).](http://www.sec.gov/Archives/edgar/data/910739/000119312515126723/d867283dex3i.txt) |
| (2) | [Amended and Restated By-Laws of Lincoln Benefit Life Company effective March 10, 2006. Incorporated herein by reference to Exhibit 3.2 to Lincoln Benefit Life Company's Quarterly Report on Form 10-Q for the quarter ended March 31, 2006, as filed May 8, 2006 (SEC File No. 333-59765).](http://www.sec.gov/Archives/edgar/data/910739/000110465906031946/a06-9413_1ex3d2.htm) |
| (g)(1) | [Reinsurance Agreement between Lincoln Benefit Life Company and Lincoln Benefit Reinsurance Company effective September 30, 2012, Incorporated herein by reference to Exhibit 10.1 to Allstate Life Insurance Company's Current Report on Form 8-K filed October 3, 2012 (SEC File No. 000-31248).](http://www.sec.gov/Archives/edgar/data/352736/000110465912067342/a12-22692_1ex10d1.htm) |
| (2) | [Recapture Agreement between Allstate Life Insurance Company ("ALIC") and Lincoln Benefit Life Company ("LBL"), effective September 30, 2012. Incorporated herein by reference to Lincoln Benefit Life Company's Form S-1 Post-Effective Amendment No. 1 to Registration Statement filed on April 3, 2013 (SEC File No. 333-180375).](http://www.sec.gov/Archives/edgar/data/910739/000119312513138998/d467781dex1021.txt) |
| (3) | [Amended and Restated Reinsurance Agreement by and between Lincoln Benefit Life Company and Allstate Life Insurance Company, effective April 1, 2014. Incorporated herein by reference to Exhibit 10.25 of Lincoln Benefit Life Company's Form S-1 Post-Effective Amendment No. 2 to Registration Statement filed on April 4, 2014 (SEC File No. 333-180375).](http://www.sec.gov/Archives/edgar/data/910739/000119312514131805/d664239dex1025.txt) |
| (4) | [Partial Commutation Agreement by and between Allstate Life Insurance Company and Lincoln Benefit Life Company, effective April 1, 2014. Incorporated herein by reference to Exhibit 10.26 of Lincoln Benefit Life Company's Form S-1 Post-Effective Amendment No. 2 to Registration Statement filed on April 4, 2014 (SEC File No. 333-180375).](http://www.sec.gov/Archives/edgar/data/910739/000119312514131805/d664239dex1026.txt) |
| (5) | [Recapture and Termination Agreement between Lincoln Benefit Life Company and Lincoln Benefit Reinsurance Company effective December 8, 2017. Incorporated herein by reference to Exhibit 10.17 of Lincoln Benefit Life Company's Form S-1 Post-Effective Amendment No. 1 to Registration Statement filed on April 1, 2019 (SEC File No. 333-224099).](http://www.sec.gov/Archives/edgar/data/910739/000119312519094473/d707051dex1017.htm) |
| (6) | [Indemnity Reinsurance Agreement Between Allstate Life Insurance Company and The Prudential Insurance Company of America dated June 1, 2006. Filed Herewith.](model-efp24096_ex99g6.htm) |
| (h) | Not applicable. |
| (i)(1) | [Administrative Services Agreement between Lincoln Benefit Life Company and Allstate Life Insurance Company effective June 1, 2006. Incorporated herein by reference to Exhibit 10.1 to Lincoln Benefit Life Company's Quarterly Report on Form 10-Q for the quarter ended June 30, 2006 filed on August 14, 2002 (SEC File No. 333-59765).](http://www.sec.gov/Archives/edgar/data/910739/000110465906052409/a06-13752_1ex10d1.htm) |

---

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| (2) | [Administrative Services Agreement between Allstate Distributors, LLC, (ALFS, Inc., merged with and into Allstate Distributors, LLC effective September 1, 2011) Allstate Life Insurance Company, Lincoln Benefit Life Company and Charter National Life Insurance Company effective January 1, 2000. Incorporated herein by reference to Exhibit 10.22 to Lincoln Benefit Life Company's Annual Report on Form 10-K for the year ended December 31, 2008 filed on March 18, 2009 (SEC File No. 333-59765).](http://www.sec.gov/Archives/edgar/data/910739/000104746909002852/a2191666zex-10_22.txt) |
| (3) | [Amended and Restated Administrative Services Agreement by and between Lincoln Benefit Life Company and Allstate Life Insurance Company, effective April 1, 2014. Incorporated herein by reference to Exhibit 10.14 of Lincoln Benefit Life Company's Form S-1 Post- Effective Amendment No. 1 to Registration Statement filed on April 1, 2016 (SEC File No. 333-203371).](http://www.sec.gov/Archives/edgar/data/910739/000119312516527866/d143577dex1014.htm) |
| (4) | [Assignment & Delegation of Administrative Services Agreements, Underwriting Agreements, and Selling Agreements entered into as of September 1, 2011 between ALFS, Inc., Allstate Life Insurance Company, Allstate Life Insurance Company of New York, Allstate Distributors, LLC, Charter National Life Insurance Company, Intramerica Life Insurance Company, Allstate Financial Services, LLC, and Lincoln Benefit Life Company. Incorporated herein by reference to Exhibit 10.1 to Allstate Life Insurance Company's Current Report on Form 8-K filed September 1, 2011 (SEC File No. 000-31248).](http://www.sec.gov/Archives/edgar/data/352736/000110465911049945/a11-25318_1ex10d1.htm) |
| (j)(1) | [Principal Underwriting Agreement by and among Lincoln Benefit Life Company and Allstate Distributors, LLC (ALFS, Inc., merged with and into Allstate Distributors, LLC effective September 1, 2011) effective November 25, 1998. (Variable Universal Life Account). Incorporated herein by reference to Exhibit 10.6 to Lincoln Benefit Life Company's Quarterly Report on Form 10-Q for quarter ended June 30, 2002 filed on August 14, 2002 (SEC File No. 333-59765).](http://www.sec.gov/Archives/edgar/data/910739/000094509402000521/lblqexh10.txt) |
| (2) | [Amended and Restated Principal Underwriting Agreement between Lincoln Benefit Life Company and Allstate Distributors, LLC (ALFS, Inc. merged with and into Allstate Distributors, LLC effective September 1, 2011) effective June 1, 2006. Incorporated herein by reference to Exhibit 10.1 to Lincoln Benefit Life Company's Current Report on Form 8-K filed December 20, 2007. (SEC File No. 333-59765).](http://www.sec.gov/Archives/edgar/data/910739/000110465907090249/a07-31942_1ex10d1.htm) |
| (3) | [Selling Agreement between Lincoln Benefit Life Company, Allstate Distributors, LLC (ALFS, Inc., f/k/a Allstate Financial Services, Inc., merged with and into Allstate Distributors, LLC effective September 1, 2011) and Allstate Financial Services, LLC (f/k/a LSA Securities, Inc.) effective August 2, 1999. Incorporated herein by reference to Exhibit 10.8 to Allstate Life Insurance Company's Annual Report on Form 10-K for 2003 filed on March 26, 2004. (SEC File No. 000-31248).](http://www.sec.gov/Archives/edgar/data/352736/000104746904009521/a2131698zex-10_8.txt) |
| (4) | [Coinsurance Agreement between Allstate Life Insurance Company and Lincoln Benefit Life Company, effective December 31, 2001. Incorporated herein by reference to Exhibit 10.11 to Lincoln Benefit Life Company's Quarterly Report on Form 10-Q for quarter ended June 30, 2002 filed on August 14, 2002. (SEC File No. 333-59765).](http://www.sec.gov/Archives/edgar/data/910739/000094509402000521/lblqexh10.txt) |
| (5) | [Modified Coinsurance Agreement between Allstate Life Insurance Company and Lincoln Benefit Life Company, effective December 31, 2001. Incorporated herein by reference to Exhibit 10.12 to Lincoln Benefit Life Company's Quarterly Report on Form 10-Q for quarter ended June 30, 2002 filed on August 14, 2002. (SEC File No. 333-59765).](http://www.sec.gov/Archives/edgar/data/910739/000094509402000521/lblqexh10.txt) |
| (6) | [Modified Coinsurance Agreement between Allstate Life Insurance Company and Lincoln Benefit Life Company, effective December 31, 2001. Incorporated herein by reference to Exhibit 10.13 to Lincoln Benefit Life Company's Quarterly Report on Form 10-Q for quarter ended June 30, 2002 filed on August 14, 2002. (SEC File No. 333-59765).](http://www.sec.gov/Archives/edgar/data/910739/000094509402000521/lblqexh10.txt) |
| (k) | [Opinion and Consent of Counsel regarding legality. Incorporated by reference to Registration No. 333-286299 on form S-1, filed on behalf of Lincoln Benefit Life Company on March 31, 2025.](https://www.sec.gov/Archives/edgar/data/910739/000091073925000006/scan_lharrx2025-03x28x17.htm) |
| (l) | [Consent of Independent Registered Public Accounting Firm. Filed Herewith.](model-efp24096_ex99l.htm) |
| (m) | Not applicable. |
| (n) | Not applicable. |
| (o) | Not applicable. |
| (p) | [Powers of Attorney for Burke Harr, Dhiren Jhaveri, Carolyn Johnson, Daniel Kiefer, Bradley Rosenblatt, Peter Schaefer, Carlos Sierra, and Joseph Wieser. Filed Herewith.](model-efp24096_ex99p.htm) |
| (q) | Not applicable. |
| (r) | Not applicable. |

---

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ITEM 28. DIRECTORS AND OFFICERS OF THE INSURANCE COMPANY:

The directors and officers of Lincoln Benefit Life Company are listed below. The principal business address of each of the officers and directors listed below is 701 O Street, Suite 500, Lincoln, Nebraska 68508.

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| | |
|:---|:---|
| **Name** | **Position** |
| Steven Fry | Chief Financial Officer, Treasurer and Vice President |
| Burke Harr | Director |
| Dhiren Jhaveri | Director |
| Carolyn Johnson | Director |
| Daniel Kiefer | Director |
| Bradely Rosenblatt | Director |
| Peter Schaefer | Director |
| Carlos Sierra | Director and President |
| Joseph Wieser | Director |

---

ITEM 29. PERSONS CONTROLLED BY OR UNDER COMMON CONTROL WITH THE INSURANCE COMPANY OR THE REGISTERED SEPARATE ACCOUNT:

<br>![](pa1208img001.jpg)

------

ITEM 30. INDEMNIFICATION:

The Articles of Incorporation of Lincoln Benefit Life Company (Registrant) provide for the indemnification of its directors and officers against expenses, judgments, fines and amounts paid in settlement as incurred by such person, so long as such person shall not have been adjudged to be liable for negligence or misconduct in the performance of a duty to the Company. This right of indemnity is not exclusive of other rights to which a director or officer may otherwise be entitled.

Kuvare US Holdings, Inc. has obtained directors and officers insurance, which includes indemnification for liability arising under the Securities Act of 1933 that the directors and officers of Kuvare US Holdings, Inc. and its subsidiaries may, in such capacities, incur.

Insofar as indemnification for liability arising under the Securities Act of 1933 (the "Act") may be permitted to directors, officers and controlling persons of the registrant pursuant to the foregoing provisions, or otherwise, the registrant has been advised that in the opinion of the Securities and Exchange Commission such indemnification is against public policy as expressed in the Act and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by the registrant of expenses incurred or paid by a director, officer or controlling person of the registrant in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered, the registrant will, unless in the opinion of its counsel the matter has settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Act and will be governed by final adjudication of such issue.

ITEM 31. PRINCIPAL UNDERWRITERS:

&nbsp;&nbsp;&nbsp;&nbsp;(a) Everlake Distributors serves as principal underwriter and distributor of the securities of the following investment companies:

• Lincoln
 Benefit Life Variable Annuity Account

• Lincoln
 Benefit Life Variable Life Account

• Everlake
 Assurance Company Variable Life Separate Account

• Everlake
 Financial Advisors Separate Account I

• Everlake
 Life Insurance Company Variable Annuity Separate Account C

• Everlake
 Life Variable Life Separate Account A

(b) The directors and officers of EDLLC, the principal underwriter for the contracts described in this registration statement ("Contracts"), are as follows:

---

| | |
|:---|:---|
| **Name** | **Position and Offices with Underwriter** |
| Sonya Ekart | Vice President and Assistant Secretary |
| Angela Fontana | Manager, Senior Vice President, Chief Legal Officer and Secretary |
| Julie Harrigan | Treasurer, Controller & Financial and Operations Principal (FINOP) |
| Michael Hartt | Senior Vice President and Chief Accounting Officer |
| Christine Husted | Senior Vice President and Assistant Treasurer |
| Patrick Jeneske | Chief Compliance Officer |
| Rebecca Kennedy | Manager, President and Chief Executive Officer |
| Tracy Kirchhoff | AML Officer |
| Tyler (Doney) Largey | Manager and Chairman of the Board |

---

The principal business address of each of the officers and directors is 3100 Sanders Road, Suite 303, Northbrook, IL 60062.

&nbsp;&nbsp;&nbsp;&nbsp;(c) Compensation from the Registrant

The following commissions and other compensation were received by Everlake Distributors, the principal underwriter of the Contracts, directly or indirectly, from the Registrant for the year ended December 31, 2025.

---

| | | | | |
|:---|:---|:---|:---|:---|
| (1) | (2) | (3) | (4) | (5) |
| Name of Principal Underwriter | Discounts and Commissions | Net Underwriting Compensation on Redemption | Brokerage<br>Commissions | Compensation |
| Everlake Distributors, LLC | N/A | N/A | $0 | N/A |

---

------

ITEM 31A. INFORMATION ABOUT CONTRACTS WITH INDEX-LINKED OPTIONS AND FIXED OPTIONS SUBJECT TO A CONTRACT ADJUSTMENT:

(a) As of December 31, 2025:

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Name of the Contract** | **Number of** **Contracts** **Outstanding** | **Total Value** **Attributable to** **the** **Index-Linked** **Option and/or** **Fixed Option** **subject to an** **Adjustment** | **Number of** **Contracts Sold** **During the Prior** **Calendar Year** | **Gross** **Premiums** **Received** **During the Prior** **Calendar Year** | **Amount of** **Contract Value** **Redeemed** **During the Prior** **Calendar Year** | **Combination** **Contract** |
|  Consultant Solutions Classic | 749 | $226239.00 | 0 | $699995.00 | $-7693776.00 | Yes |
|  Consultant Solutions Elite | 29 | $12088.00 | 0 | $0.00 | $-571223.00 | Yes |
|  Consultant Solutions Plus | 600 | $2285852.00 | 0 | $1194474.00 | $-10064462.00 | Yes |
|  Consultant Solutions Select | 45 | $123345.00 | 0 | $3347.00 | $-243470.00 | Yes |
|  LBL Advantage | 169 | $1156700.00 | 0 | $55654.00 | $-2914703.00 | Yes |

---

(b) Not Applicable.

ITEM 32. LOCATION OF ACCOUNTS AND RECORDS:

Not Applicable.

ITEM 33. MANAGEMENT SERVICES:

None.

ITEM 34. FEE REPRESENTATION AND UNDERTAKINGS:

With regard to the Guaranteed Maturity Fixed Account Option, the Lincoln Benefit Life Company represents (1) to file, during any period in which offers or sales are being made, a post-effective amendment to the registration statement to include any prospectus required by section 10(a)(3) of the Securities Act; and (2) that, for the purpose of determining any liability under the Securities Act, each such post-effective amendment shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.

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SIGNATURES

Pursuant to the requirements of the Securities Act of 1933, the Registrant certifies that it meets all of the requirements for effectiveness of this registration statement under rule 485(b) under the Securities Act and has duly caused this registration statement to be signed on its behalf by the undersigned, duly authorized, in the City of Rosemont and State of Illinois on April 17, 2026.

---

| | |
|:---|:---|
| Lincoln Benefit Life Company<br>(Insurance Company) | Lincoln Benefit Life Company<br>(Insurance Company) |
| By: | Carlos Sierra\* |
|  | Carlos Sierra<br>Director and President |

---

SIGNATURES

Pursuant to the requirements of the Securities Act of 1933, this registration statement has been signed by the following persons in the capacities indicated on April 17, 2026.

---

| | |
|:---|:---|
|  Signature | Title |
|  Burke Harr\*<br> Burke Harr | Director |
|  Dhiren Jhaveri\*<br> Dhiren Jhaveri | Director |
|  Carolyn Johnson\*<br> Carolyn Johnson | Director |
|  Daniel Kiefer\*<br> Daniel Kiefer | Director |
|  Bradley Rosenblatt\*<br> Bradley Rosenblatt | Director |
|  Joseph Wieser\*<br> Joseph Wieser | Director |
|  Peter Schaefer\*<br> Peter Schaefer | Director |
|  Carlos Sierra\*<br> Carlos Sierra | Director and President<br> (Principal Executive Officer) |
|  /s/ Steven Fry<br> Steven Fry | Chief Financial Officer, Treasurer and Vice President<br> (Principal Financial Officer and Principal Accounting Officer) |

---

---

| | |
|:---|:---|
| \*By: | /s/ Steven Fry |
|  | Steven Fry, Attorney-in-fact, pursuant to Power of Attorney |

---

------

## Ex-99.(G)(6)

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## Ex-99.(L)

Consent of Independent Registered Public Accounting Firm

We consent to the references to our firm under the caption "Independent Registered Public Accounting Firm" in the Statement of Additional Information in this Post-Effective Amendment No. 1 to the Registration Statement on Form N-4 (File No. 333-286299) of Lincoln Benefit Life Company (the "Registration Statement").

We also consent to the use of our reports (1) dated April 13, 2026, with respect to the statutory-basis financial statements of Lincoln Benefit Life Company, and (2) dated April 13, 2026, with respect to the financial statements of each of the subaccounts within Lincoln Benefit Life Variable Annuity Account for the year ended December 31, 2025, included in the Registration Statement, filed with the Securities and Exchange Commission.

/s/ Ernst & Young LLP

Chicago, Illinois

April 17, 2026

## Ex-99.(P)

**DURABLE POWER OF ATTORNEY**

**WITH RESPECT TO**

**LINCOLN BENEFIT LIFE**

**COMPANY (REGISTRANT)**

The undersigned constitutes and appoints, Carlos Sierra, as his true and lawful attorney-in-fact and agent, in any and all capacities, to sign registration statements of Lincoln Benefit Life Company and any amendments thereto, and to file the same, with exhibits and other documents in connection therewith, with the U.S. Securities and Exchange Commission or any other regulatory authority as may be necessary or desirable for the Registrations listed below. I hereby ratify and confirm each and every act that said attorneys-in-fact or agents may lawfully do or cause to be done by virtue hereof. My subsequent disability or incapacity shall not affect this power of attorney.

**Lincoln Benefit Life Company**: Registration Nos.:

333-286279 The Consultant I Variable Annuity; The Consultant II Variable Annuity; The Premier Planner Variable Annuity <br>333-286299 The Consultant Solutions Variable Annuities (Classic, Plius, Elite, Select); The LBL Advantage Annuity

Signed on March 31, 2026

/s/ Steven Fry

Steven Fry

Director

**DURABLE POWER OF ATTORNEY**

**WITH RESPECT TO**

**LINCOLN BENEFIT LIFE** 

**COMPANY (REGISTRANT)**

The undersigned constitutes and appoints, Carlos Sierra and Steven Fry, and each of them (with full power of each of them to act alone), as his true and lawful attorney-in-fact and agent, in any and all capacities, to sign registration statements of Lincoln Benefit Life Company and any amendments thereto, and to file the same, with exhibits and other documents in connection therewith, with the U.S. Securities and Exchange Commission or any other regulatory authority as may be necessary or desirable for the Registrations listed below. I hereby ratify and confirm each and every act that said attorneys-in-fact or agents may lawfully do or cause to be done by virtue hereof. My subsequent disability or incapacity shall not affect this power of attorney.

**Lincoln Benefit Life Company**: Registration Nos.:

---

| | |
|:---|:---|
| 333-286279 | Market Value Adjusted Fixed Account available with: The Consultant I Variable Annuity; The Consultant II Variable Annuity; The Premier Planner Variable Annuity |
| 333-286299 | Market Value Adjusted Fixed Account available with: The Consultant Solutions Variable Annuities (Classic, Plus, Elite, Select); The LBL Advantage Annuity |

---

Signed on April 9, 2026

/s/ Burke J. Harr

Burke J. Harr

Director

**DURABLE POWER OF ATTORNEY**

**WITH RESPECT TO**

**LINCOLN BENEFIT LIFE**

**COMPANY (REGISTRANT)**

The undersigned constitutes and appoints, Carlos Sierra and Steven Fry, and each of them (with full power of each of them to act alone), as his true and lawful attorney-in-fact and agent, in any and all capacities, to sign registration statements of Lincoln Benefit Life Company and any amendments thereto, and to file the same, with exhibits and other documents in connection therewith, with the U.S. Securities and Exchange Commission or any other regulatory authority as may be necessary or desirable for the Registrations listed below. I hereby ratify and confirm each and every act that said attorneys-in-fact or agents may lawfully do or cause to be done by virtue hereof. My subsequent disability or incapacity shall not affect this power of attorney.

**Lincoln Benefit Life Company**: Registration Nos.:

---

| | |
|:---|:---|
| 333-286279 | Market Value Adjusted Fixed Account available with: The Consultant I Variable Annuity; The Consultant II Variable Annuity; The Premier Planner Variable Annuity |
| 333-286299 | Market Value Adjusted Fixed Account available with: The Consultant Solutions Variable Annuities (Classic, Plus, Elite, Select); The LBL Advantage Annuity |

---

Signed on March 31, 2026

/s/ Dhiren Jhaveri

Dhiren Jhaveri

Director

**DURABLE POWER OF ATTORNEY**

**WITH RESPECT TO**

**LINCOLN BENEFIT LIFE**

**COMPANY (REGISTRANT)**

The undersigned constitutes and appoints, Carlos Sierra and Steven Fry, and each of them (with full power of each of them to act alone), as his true and lawful attorney-in-fact and agent, in any and all capacities, to sign registration statements of Lincoln Benefit Life Company and any amendments thereto, and to file the same, with exhibits and other documents in connection therewith, with the U.S. Securities and Exchange Commission or any other regulatory authority as may be necessary or desirable for the Registrations listed below. I hereby ratify and confirm each and every act that said attorneys-in-fact or agents may lawfully do or cause to be done by virtue hereof. My subsequent disability or incapacity shall not affect this power of attorney.

**Lincoln Benefit Life Company**: Registration Nos.:

---

| | |
|:---|:---|
| 333-286279 | Market Value Adjusted Fixed Account available with: The Consultant I Variable Annuity; The Consultant II Variable Annuity; The Premier Planner Variable Annuity |
| 333-286299 | Market Value Adjusted Fixed Account available with: The Consultant Solutions Variable Annuities (Classic, Plus, Elite, Select); The LBL Advantage Annuity |

---

Signed on March 31, 2026

/s/ Carolyn M. Johnson

Carolyn M. Johnson

Director

**DURABLE POWER OF ATTORNEY**

**WITH RESPECT TO**

**LINCOLN BENEFIT LIFE**

**COMPANY (REGISTRANT)**

The undersigned constitutes and appoints, Carlos Sierra and Steven Fry, and each of them (with full power of each of them to act alone), as his true and lawful attorney-in-fact and agent, in any and all capacities, to sign registration statements of Lincoln Benefit Life Company and any amendments thereto, and to file the same, with exhibits and other documents in connection therewith, with the U.S. Securities and Exchange Commission or any other regulatory authority as may be necessary or desirable for the Registrations listed below. I hereby ratify and confirm each and every act that said attorneys-in-fact or agents may lawfully do or cause to be done by virtue hereof. My subsequent disability or incapacity shall not affect this power of attorney.

**Lincoln Benefit Life Company**: Registration Nos.:

---

| | |
|:---|:---|
| 333-286279 | Market Value Adjusted Fixed Account available with: The Consultant I Variable Annuity; The Consultant II Variable Annuity; The Premier Planner Variable Annuity |
| 333-286299 | Market Value Adjusted Fixed Account available with: The Consultant Solutions Variable Annuities (Classic, Plus, Elite, Select); The LBL Advantage Annuity |

---

Signed on March 31, 2026

/s/ Daniel Kiefer

Daniel Kiefer

Director

**DURABLE POWER OF ATTORNEY**

**WITH RESPECT TO**

**LINCOLN BENEFIT LIFE**

**COMPANY (REGISTRANT)**

The undersigned constitutes and appoints, Carlos Sierra and Steven Fry, and each of them (with full power of each of them to act alone), as his true and lawful attorney-in-fact and agent, in any and all capacities, to sign registration statements of Lincoln Benefit Life Company and any amendments thereto, and to file the same, with exhibits and other documents in connection therewith, with the U.S. Securities and Exchange Commission or any other regulatory authority as may be necessary or desirable for the Registrations listed below. I hereby ratify and confirm each and every act that said attorneys-in-fact or agents may lawfully do or cause to be done by virtue hereof. My subsequent disability or incapacity shall not affect this power of attorney.

**Lincoln Benefit Life Company**: Registration Nos.:

---

| | |
|:---|:---|
| 333-286279 | Market Value Adjusted Fixed Account available with: The Consultant I Variable Annuity; The Consultant II Variable Annuity; The Premier Planner Variable Annuity |
| 333-286299 | Market Value Adjusted Fixed Account available with: The Consultant Solutions Variable Annuities (Classic, Plus, Elite, Select); The LBL Advantage Annuity |

---

Signed on March 31, 2026

/s/ Bradley W. Rosenblatt

Bradley W. Rosenblatt

Director

**DURABLE POWER OF ATTORNEY**

**WITH RESPECT TO**

**LINCOLN BENEFIT LIFE**

**COMPANY (REGISTRANT)**

The undersigned constitutes and appoints, Carlos Sierra and Steven Fry, and each of them (with full power of each of them to act alone), as his true and lawful attorney-in-fact and agent, in any and all capacities, to sign registration statements of Lincoln Benefit Life Company and any amendments thereto, and to file the same, with exhibits and other documents in connection therewith, with the U.S. Securities and Exchange Commission or any other regulatory authority as may be necessary or desirable for the Registrations listed below. I hereby ratify and confirm each and every act that said attorneys-in-fact or agents may lawfully do or cause to be done by virtue hereof. My subsequent disability or incapacity shall not affect this power of attorney.

**Lincoln Benefit Life Company**: Registration Nos.:

---

| | |
|:---|:---|
| 333-286279 | Market Value Adjusted Fixed Account available with: The Consultant I Variable Annuity; The Consultant II Variable Annuity; The Premier Planner Variable Annuity |
| 333-286299 | Market Value Adjusted Fixed Account available with: The Consultant Solutions Variable Annuities (Classic, Plus, Elite, Select); The LBL Advantage Annuity |

---

Signed on March 31, 2026

/s/ Peter R. Schaefer

Peter R. Schaefer

Director

**DURABLE POWER OF ATTORNEY**

**WITH RESPECT TO**

**LINCOLN BENEFIT LIFE**

**COMPANY (REGISTRANT)**

The undersigned constitutes and appoints Steven Fry as his true and lawful attorney-in-fact and agent, in any and all capacities, to sign registration statements of Lincoln Benefit Life Company and any amendments thereto, and to file the same, with exhibits and other documents in connection therewith, with the U.S. Securities and Exchange Commission or any other regulatory authority as may be necessary or desirable for the Registrations listed below. I hereby ratify and confirm each and every act that said attorneys-in-fact or agents may lawfully do or cause to be done by virtue hereof. My subsequent disability or incapacity shall not affect this power of attorney.

**Lincoln Benefit Life Company**: Registration Nos.:

---

| | |
|:---|:---|
| 333-286279 | Market Value Adjusted Fixed Account available with: The Consultant I Variable Annuity; The Consultant II Variable Annuity; The Premier Planner Variable Annuity |
| 333-286299 | Market Value Adjusted Fixed Account available with: The Consultant Solutions Variable Annuities (Classic, Plus, Elite, Select); The LBL Advantage Annuity |

---

Signed on April 7, 2026

/s/ Carlos Sierra

Carlos Sierra

Director and President

**DURABLE POWER OF ATTORNEY**

**WITH RESPECT TO**

**LINCOLN BENEFIT LIFE**

**COMPANY (REGISTRANT)**

The undersigned constitutes and appoints, Carlos Sierra and Steven Fry, and each of them (with full power of each of them to act alone), as his true and lawful attorney-in-fact and agent, in any and all capacities, to sign registration statements of Lincoln Benefit Life Company and any amendments thereto, and to file the same, with exhibits and other documents in connection therewith, with the U.S. Securities and Exchange Commission or any other regulatory authority as may be necessary or desirable for the Registrations listed below. I hereby ratify and confirm each and every act that said attorneys-in-fact or agents may lawfully do or cause to be done by virtue hereof. My subsequent disability or incapacity shall not affect this power of attorney.

**Lincoln Benefit Life Company**: Registration Nos.:

---

| | |
|:---|:---|
| 333-286279 | Market Value Adjusted Fixed Account available with: The Consultant I Variable Annuity; The Consultant II Variable Annuity; The Premier Planner Variable Annuity |
| 333-286299 | Market Value Adjusted Fixed Account available with: The Consultant Solutions Variable Annuities (Classic, Plus, Elite, Select); The LBL Advantage Annuity |

---

Signed on March 31, 2026

/s/ Joseph Wieser

Joseph Wieser

Director