Document:

Exhibit 4.7

                                American Fidelity
                                Assurance Company

2000 N. Classen Boulevard                         Oklahoma City, Oklahoma 73106

                             403(b) Plan Loan Rider

The policy this rider is attached to is amended as follows:

After the first Policy Year, we may make a loan to you at any time before
annuity payments begin. Only one outstanding loan is permitted at any given
time. The security for the loan will be held in the Guaranteed Interest Account
that will be designated as loan collateral.

A loan cannot exceed the lesser of $50,000 or one-half of the Account Value. If
you have had a loan under this policy, another 403(b) plan or a qualified
retirement plan during the last twelve months, the $50,000 limit may be reduced.
The reduction will be the highest loan balance owed during this one year period.
If you currently have a 403(b) Plan loan in a default status, you will not be
eligible for another loan.

The minimum loan will be $1,000. We may change the minimum loan amount at our
discretion.

Loan interest will be at an annual rate of 5.0%. While there is an outstanding
loan, the Guaranteed Interest Account that has been designated as loan
collateral will earn interest at the guaranteed rate.

Loan payments will be at the times set forth in the loan agreement, not to
extend beyond five years. Additionally, the loan may be repaid in full or in
part at any time. However, if a loan payment is not made within 90 days of a
payment due date, the outstanding loan balance which is equal to the principal
plus interest, will become due and payable. If not repaid, the loan balance plus
interest will be considered in default and will be treated as taxable income for
the tax year of the default. Satisfaction of any unpaid loan balance plus
interest will occur when you qualify for a Plan distribution under the federal
tax guidelines. If the loan is in default and you do not yet qualify for a
distribution to satisfy the outstanding loan balance, the loan will continue to
accumulate interest. Any amounts that may become taxable will be reported as
Plan distributions and will be subject to income tax and tax penalties, if
applicable.

There are special repayment guidelines available to you for personal or military
leave. You should contact us for assistance if a leave of absence is
anticipated.

If you are eligible for a distribution and the entire Cash Value is withdrawn
while there is an outstanding loan, the Cash Value will be reduced by the loan
balance and the Withdrawal Charge. Upon your death, the Beneficiary will receive
the death benefit reduced by the loan balance. If annuity payments begin while
there is an outstanding loan, the Account Value will be reduced by any remaining
loan balance.

This rider shall not change any other provisions of this policy.

The effective date of this rider is the policy Issue Date.

                                        STEPHEN P. GARRETT
                                        Stephen P. GarrettExhibit 4.8

                                American Fidelity
                                Assurance Company

2000 N. Classen Boulevard                         Oklahoma City, Oklahoma 73106

                              403(b) Annuity Rider

This rider is attached to and made a part of the Annuity Policy issued by
American Fidelity Assurance Company to qualify the policy as a tax-deferred
annuity under Section 403(b) of the Internal Revenue Code as the same may be
amended or supplemented from time to time. If any provisions of the Policy
conflict with this rider, the provisions of this rider will apply.

In this rider, "we", "us", "our" and "Company" refer to American Fidelity
Assurance Company. "You", "your", and "Participant" refer to the Owner.

ARTICLE I - DEFINITIONS

When capitalized, the following words and phrases will have the meanings shown
below unless the context indicates that other meanings are intended.

1.01 Annuity - Means the 403(b) Annuity established pursuant to this Rider and
     the underlying Policy for the benefit of the Participant and, when implied,
     refers to the assets, if any, then held by the Company.

1.02 Beneficiary - Means the person or persons designated to receive any
     distributions from the Annuity upon the Participant's death.

1.03 Code - Means the Internal Revenue Code of 1986, as amended from time to
     time.

1.04 Compensation - Means the Compensation received from the Employer that is
     includible income of the Employee as defined in Section 403(b)(1)(3) of the
     Code. Compensation will not exceed $200,000, as adjusted for increases in
     the cost-of-living in accordance with Section 401(a)(17)(B) of the Code.

1.05 Designated Beneficiary - Means the Beneficiary named as of the date of your
     death who remains a Beneficiary as of September 30 of the year following
     the year of your death.

1.06 Employee - Means any person who regularly performs services, or has
     performed services, for an Employer in exchange for Compensation. Neither a
     leased employee (as defined in Section 414(n)(6) of the Code) nor an
     independent contractor shall be considered an Employee.

1.07 Employer - Means an entity described in the Code which is eligible to make
     Premiums to Annuities under Section 403(b).

1.08 Participant - Means any Employee who has established a 403(b) Annuity by
     signing an application with Us and to whom a Policy and this Rider have
     been issued.

1.09 Policy - Means the Annuity to which this rider is attached.

1.10 Premium - Means any payments made to the Annuity.

ARTICLE II - PREMIUMS

2.01 Elective Deferrals and Catch-Up Premiums

     (a)  Elective deferrals are Premiums made by your Employer on your behalf
          under a salary reduction agreement. You will designate the amount or
          percent of Compensation that is to be deferred. That amount or percent
          will be in effect until changed in writing by you. You may change or
          end the agreement at any time as permitted by the Employer.

     (b)  Catch-Up Premiums are elective deferrals made for a calendar year by a
          Participant who is or will be age 50 before the end of that year. If
          allowed by the Employer, you may be eligible to make catch-up Premiums
          in accordance with Section 414(v) of the Code.

2.02 Maximum Contribution Limits - In no event will your Premiums to the Annuity
     for a tax year exceed the maximum amount permitted under current law.

     (a)  The Premiums made during a tax year on your behalf, when aggregated
          with other Premiums made through the Employer, will not exceed the
          limitations set forth in Section 403(b) of the Code for that year.

     (b)  The maximum of all applicable elective deferrals, including to this
          Annuity, made on your behalf during the tax year will not exceed the
          limitations in Section 402(g) of the Code.

     (c)  Premiums, benefits and service credit with respect to qualified
          military service will be provided in accordance with Section 414(u) of
          the Code.

     (d)  Catch-Up Premiums under Section 414(v) of the Code will be subject to
          the contribution limits of that section.

     (e)  You are solely responsible for determining your maximum annual
          Elective Deferrals.

2.03 Rollover to Annuity - The Company may accept eligible rollover
     distributions from the following sources to be applied to the Annuity:

     (a)  a qualified plan described in Section 401(a) or 403(a) of the Code
          (other than after-tax employee contributions);

     (b)  an annuity policy or custodial account described in Section 403(b) of
          the Code (other than after-tax employee contributions;

     (c)  an eligible plan under Section 457(b) of the Code that is maintained
          by a state, political subdivision of a state, or any agency or
          instrumentality of a state or political subdivision of a state;

     (d)  the portion of a distribution from an individual retirement account or
          annuity described in Section 408(a) or 408(b) of the Code that is
          eligible to be rolled over and would otherwise be includible in gross
          income; or,

     (e)  eligible rollover distributions made to the Participant as a surviving
          spouse, or as a spouse or former spouse who is the alternate payee
          under a qualified domestic relations order as defined in Section
          414(p) of the Code.

     No amount that is distributed on account of hardship will be an eligible
     rollover distribution.

     You will certify, in a manner acceptable to us, that such amounts are
     eligible rollover distributions. We are not responsible for determining
     whether any rollover is proper and we reserve the right not to accept any
     rollovers.

2.04 Transfer to Annuity - You may transfer assets from another annuity policy
     or custodial account described in Section 403(b) of the Code to this
     Annuity. You will certify, in a manner acceptable to us, that the transfer
     satisfies all current requirements for such a transaction. We are not
     responsible for determining whether any such transfer is proper and we
     reserve the right not to accept any transfer.

2.05 Employer Matching Premiums - If the Employer establishes a 403(b) plan
     under which Employer Premiums may be made to the Annuity, the Employer may
     make matching Premiums on your behalf. The amount of the Premiums will be
     set in a 403(b) document governing such Premiums. The amount of the
     Premiums will not exceed any applicable federal or state limitations.

2.06 Distribution of Excess Amounts - If required or permitted by law or
     regulations and upon your request, we may distribute any excess amount to
     you. For purposes of this Section, an excess amount is the amount of any
     Premium made on your behalf for a tax year that exceeds the maximum amount
     allowable for such tax year.

ARTICLE III - PAYMENT OF BENEFITS

3.01 Limitations on Payment of Benefits - Subject to the limitations described
     in this Rider, you may request a distribution from the Annuity upon the
     occurrence of one of the following events:

     (a)  your attainment of age 59 1/2;

     (b)  your disability within the meaning of Section 72(m)(7) of the Code;

     (c)  the Participant's death;

     (d)  your severance from employment;

     (e)  your financial hardship, as described in Article 3.02 of this rider;
          or

     If the value of this Annuity immediately preceding the 1989 plan year is
     known, such pre-1989 amounts are not subject to the distribution
     limitations described above.

     All requests for withdrawal must be in writing on a form provided by or
     acceptable to us. Your tax identification number (or the Beneficiary's, if
     applicable) must be provided to us prior to distribution. Withdrawals will
     be subject to all applicable tax and other laws and regulations.

3.02 Financial Hardship - The term "financial hardship" means a financial need
     you incur due to illness, purchase of a primary residence, qualified
     education expenses for you or any member of your immediate family, or to
     prevent eviction or foreclosure of your primary residence. No distributions
     on account of financial hardship can exceed the amount that is required to
     meet the immediate financial need created by the hardship. The hardship
     cannot be reasonably satisfied from other resources.

     A financial hardship distribution may consist only of the amounts
     contributed through a salary reduction agreement. Earnings may not be
     included as part of the distribution.

     You will determine the existence of a financial hardship. If you request a
     distribution on account of financial hardship, you must certify, in a
     manner acceptable to us, that a financial hardship exists.

3.03 Required Minimum Distributions

     (a)  You must begin taking distributions from the Annuity no later than
          your required beginning date. The required beginning date will be the
          first day of April of the calendar year following the calendar year in
          which you either attain age 70 1/2 or retire, whichever is later. The
          Required Minimum Distribution of your interest in the Annuity will be
          made in accordance with the requirements of Sections 403(b)(10) and
          401(a)(9) of the Code and the regulations thereunder. Those provisions
          are incorporated by reference.

          (1)  Your Annuity interest will commence to be distributed no later
               than the required beginning date over

               (A)  your life or the lives of you and your Designated
                    Beneficiary(ies), or

               (B)  a period certain not extending beyond your life expectancy
                    or the joint and last survivor expectancy of you and your
                    Designated Beneficiary(ies).

          (2)  The value of the Annuity for purposes of this Section is the
               prior December 31 balance adjusted to include the amount of any
               outstanding rollovers and transfers and the actuarial value of
               any other benefits provided under the Annuity.

          (3)  If you participate in two or more 403(b) arrangements, you may
               satisfy the minimum distribution requirements by taking from one
               403(b) arrangement the amount needed to satisfy the requirement.

          (4)  If the value of the Annuity as of December 31, 1986 is
               determinable, that amount will not be subject to a required
               minimum distribution until the calendar year you attain age 75 or
               such other date as may be allowed by law.

          (5)  It is your responsibility to satisfy the required minimum
               distribution rules. We will not be liable for any penalties or
               taxes related to your failure to take a required minimum
               distribution.

     (b)  If you die before your entire interest is distributed to you, the
          entire remaining interest will be distributed as required by Section
          401(a)(9) of the Code and the regulations thereunder.

3.04 Eligible Rollover Distributions - At your election, or the election of your
     surviving spouse Beneficiary, we will pay any eligible rollover
     distribution to an eligible retirement plan (as described in Sections 408,
     401(a) or 403(a), 403(b), or 457(b) of the Code) as a direct rollover. The
     definition of eligible retirement plan will also apply in the case of a
     distribution to a surviving spouse, or to a spouse or former spouse who is
     the alternate payee under a qualified domestic relations order, as defined
     in Section 414(p) of the Code. No amount that is distributed on account of
     hardship will be an eligible rollover distribution.

     You or your surviving spouse Beneficiary or former spouse must specify the
     plan to which the eligible rollover distribution is to be paid, and satisfy
     such other reasonable requirements as we may impose.

ARTICLE IV - ADMINISTRATION

4.01 Duties of the Company - We shall have the following obligations and
     responsibilities:

     (a)  to hold Premiums received by it in the Annuity, apply the Premiums
          pursuant to the Participant's instructions and distribute Annuity
          assets as required under this Rider; and

     (b)  to maintain records of all relevant information as may be necessary
          for the proper administration of the Annuity.

4.02 Company Not Responsible for Certain Actions - The Employer and the
     Participant will, to the extent permitted under law, indemnify and hold the
     Company, its employees and agents harmless from and against any liability
     which may occur in the administration of this rider unless arising from the
     Company's breach of its responsibilities under this rider. It is the
     specific intention of the parties that no fiduciary duties be conferred
     upon the Company, its employees or agents nor will any be implied from this
     rider or the acts of the Company, its employees or agents. The Company
     shall not be required to perform any additional services unless
     specifically agreed to under the terms and conditions of this rider, or as
     required under the Code with respect to 403(b) plans.

ARTICLE V - AMENDMENT OF RIDER

5.01 We may amend this rider to comply with the Code and related regulations.
     Any amendment we make to comply with the Code and related regulations does
     not require your consent. We may also amend this Rider to the extent
     necessary or appropriate to permit the efficient administration of the
     Annuity. You will be deemed to have consented to such amendment unless,
     within 30 days from the date we mail the amendment, you notify us in
     writing that you do not consent. No amendment shall be made which may
     operate to disqualify the Annuity under Section 403(b) of the Code.

ARTICLE VI - MISCELLANEOUS

6.01 Applicable Law - To the extent not governed by federal law, the 403(b)
     Annuity shall be governed by the laws of the state in which the Policy is
     issued. The Policy and this rider is intended to qualify as a tax-sheltered
     annuity under Section 403(b) of the Code. The Policy and the rider shall be
     interpreted and operated with this intent. If any provisions of this 403(b)
     Annuity Rider shall for any reason be deemed invalid or unenforceable, the
     remaining provisions shall, nevertheless, continue in full force and effect
     and shall not be invalidated.

     Neither the Owner's nor the Company's failure to enforce any of the
     provision of this rider for any period of time will be construed as a
     waiver of such provisions, or the Owner's right or the Company's right
     thereafter to enforce each and every such provision.

6.02 Nonalienation - Except as required in Article 6.04, this 403(b) Annuity and
     its assets will be nonforfeitable at all time. You may not assign, pledge
     or in any manner encumber this Annuity, nor will this Annuity be subject to
     garnishment, attachment, execution or levy of any kind.

6.03 Notices - Any required notice regarding this Annuity will be considered
     effective when we send it to the last address in our records. Any notice to
     be given to us will be considered effective when we actually receives it.
     You must notify us of any change of address.

6.04 Matters Relating to Divorce - Upon receipt of a Qualified Domestic
     Relations Order (QDRO), we may retain an independent third party to
     determine whether the order is a qualified domestic relations order
     pursuant to Section 414(p) of the Code.

     A QDRO can specify that the payment will be made at any time, either before
     or after a Participant's "earliest retirement age". If the QDRO does not so
     specify, payments under a QDRO will begin on the date of your earliest
     retirement age. For purposes of the QDRO, earliest retirement age will be
     the earlier of:

     (1)  the date on which you are entitled to a distribution of benefits under
          the Annuity, or

     (2)  the later of the date you attain age 50 or the earliest date on which
          you could obtain a distribution if you were separated from service.

     Distribution to an alternate payee will only be made as required by the
     QDRO and after the QDRO is determined to meet the requirements of Section
     414(p) of the Code.

6.05 Coordination with Plan - If this Rider is used in conjunction with a 403(b)
     plan sponsored by the 403(b) Owner's Employer and any terms of the 403(b)
     plan and this rider conflicts, the terms of the 403(b) plan shall govern.

6.06 Responsibilities - You, the Owner, represent and warrant to us that any
     information you provide us will be correct and may be fully relied upon by
     us. We will not be responsible for losses of any kind that may result from
     your directions to us, or your actions or failures to act. We will not be
     responsible for any penalties, taxes, judgments or expenses you incur in
     connection with this Annuity.

     You will have sixty (60) days after you receive any documents, statements
     or other information from us to notify the Company in writing of any errors
     or inaccuracies reflected in these documents, statements or other
     information. If you do not notify the Company within 60 days, the
     documents, statements or other information will be deemed to be correct and
     accurate, and we will have no further liability or obligation for such
     documents, statements, other information or the transactions described
     therein.

     To the extent written instructions or notices are required under this
     Rider, we may accept or provide such information in any other form
     permitted by the Code or applicable regulations.

This rider is subject to all provisions of the Policy as long as this rider does
not amend them. This rider will terminate on the same date as the Policy to
which it is attached.

                                        STEPHEN P. GARRETT
                                        Stephen P. Garrett

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