Report of Independent Registered Public Accounting Firm
|
1
|
Audited Financial Statements
|
|
Statements of Net Assets
Statements of Operations and Change in Net Assets
Notes to Financial Statements
1. Organization and Significant Accounting Policies
2. Variable Annuity Contract Charges
3. Summary of Unit Transactions
4. Financial Highlights
5. Subsequent Events
|
4
5
14
14
18
20
21
27
|
Subaccounts
|
Statements of operations and changes in net assets
|
American Century VP Ultra®
|
For each of the two years in the period ended December 31, 2020
|
American Century VP Value
|
For each of the two years in the period ended December 31, 2020
|
Guggenheim VIF All Cap Value
|
For each of the two years in the period ended December 31, 2020
|
Guggenheim VIF Alpha Opportunity
|
For each of the two years in the period ended December 31, 2020
|
Guggenheim VIF High Yield
|
For each of the two years in the period ended December 31, 2020
|
Guggenheim VIF Large Cap Value
|
For each of the two years in the period ended December 31, 2020
|
Guggenheim VIF Long Short Equity
|
For each of the two years in the period ended December 31, 2020
|
Guggenheim VIF Managed Asset Allocation
|
For each of the two years in the period ended December 31, 2020
|
Guggenheim VIF Small Cap Value
|
For each of the two years in the period ended December 31, 2020
|
Guggenheim VIF SMid Cap Value
|
For each of the two years in the period ended December 31, 2020
|
Guggenheim VIF StylePlus Large Growth
|
For each of the two years in the period ended December 31, 2020
|
Guggenheim VIF StylePlus Small Growth
|
For each of the two years in the period ended December 31, 2020
|
Guggenheim VIF Total Return Bond
|
For each of the two years in the period ended December 31, 2020
|
Guggenheim VIF World Equity Income
|
For each of the two years in the period ended December 31, 2020
|
Invesco Oppenheimer V.I. Conservative Balanced Fund
|
For each of the two years in the period ended December 31, 2020
|
Invesco Oppenheimer V.I. Main Street Small Cap Fund
|
For each of the two years in the period ended December 31, 2020
|
Invesco V.I. Equity and Income
|
For each of the two years in the period ended December 31, 2020
|
Invesco V.I. Global Real Estate
|
For each of the two years in the period ended December 31, 2020
|
Invesco V.I. Government Money Market
|
For each of the two years in the period ended December 31, 2020
|
Invesco V.I. Mid Cap Core Equity
|
For each of the two years in the period ended December 31, 2020
|
Invesco V.I. Value Opportunities
|
For each of the two years in the period ended December 31, 2020
|
MFS® VIT Total Return
|
For each of the two years in the period ended December 31, 2020
|
PIMCO VIT All Asset
|
For each of the two years in the period ended December 31, 2020
|
Subaccounts
|
Statements of operations and changes in net assets
|
PIMCO VIT Low Duration
|
For each of the two years in the period ended December 31, 2020
|
PIMCO VIT Real Return
|
For each of the two years in the period ended December 31, 2020
|
Subaccount
|
Number of Shares
|
Cost
|
Assets at Market Value
|
Net Assets
|
Units Outstanding
|
Range of Unit Values
|
|
American Century VP Ultra®
|
660
|
$ 8,958
|
$ 17,660
|
$ 17,660
|
393
|
$ 44.81
|
$ 44.81
|
American Century VP Value
|
675
|
4,862
|
7,555
|
7,555
|
328
|
23.13
|
23.13
|
Guggenheim VIF All Cap Value
|
1,265
|
31,891
|
39,303
|
39,303
|
1,698
|
23.16
|
23.16
|
Guggenheim VIF Alpha Opportunity
|
422
|
6,085
|
6,253
|
6,253
|
333
|
18.81
|
18.81
|
Guggenheim VIF High Yield
|
260
|
5,680
|
7,149
|
7,149
|
333
|
21.42
|
21.42
|
Guggenheim VIF Large Cap Value
|
-
|
-
|
-
|
-
|
-
|
25.72
|
25.72
|
Guggenheim VIF Long Short Equity
|
65
|
779
|
938
|
938
|
65
|
14.35
|
14.35
|
Guggenheim VIF Managed Asset Allocation
|
6,010
|
133,712
|
200,785
|
200,785
|
14,016
|
13.88
|
21.62
|
Guggenheim VIF Small Cap Value
|
622
|
20,493
|
23,210
|
23,210
|
834
|
27.79
|
27.79
|
Guggenheim VIF SMid Cap Value
|
278
|
15,344
|
18,959
|
18,959
|
600
|
31.60
|
31.60
|
Guggenheim VIF StylePlus Large Growth
|
-
|
-
|
-
|
-
|
-
|
37.40
|
37.40
|
Guggenheim VIF StylePlus Small Growth
|
-
|
-
|
-
|
-
|
-
|
32.51
|
32.51
|
Guggenheim VIF Total Return Bond
|
323
|
4,261
|
5,845
|
5,845
|
412
|
14.22
|
14.22
|
Guggenheim VIF World Equity Income
|
-
|
-
|
-
|
-
|
-
|
19.66
|
19.66
|
Invesco Oppenheimer V.I. Conservative Balanced Fund
|
3,002
|
41,057
|
53,817
|
53,817
|
5,974
|
9.00
|
9.00
|
Invesco Oppenheimer V.I. Main Street Small Cap Fund
|
401
|
8,072
|
10,787
|
10,787
|
319
|
33.90
|
33.90
|
Invesco V.I. Equity and Income
|
13,808
|
214,483
|
246,056
|
246,056
|
17,357
|
14.19
|
14.19
|
Invesco V.I. Global Real Estate
|
283
|
4,429
|
4,158
|
4,158
|
225
|
18.45
|
18.45
|
Invesco V.I. Government Money Market (a)
|
1,388
|
1,388
|
1,388
|
1,388
|
147
|
8.47
|
9.44
|
Invesco V.I. Mid Cap Core Equity
|
712
|
8,414
|
7,294
|
7,294
|
324
|
22.57
|
22.57
|
Invesco V.I. Value Opportunities
|
948
|
6,800
|
5,317
|
5,317
|
323
|
16.38
|
16.38
|
MFS® VIT Total Return
|
1,295
|
27,325
|
33,025
|
33,025
|
2,461
|
13.42
|
13.42
|
PIMCO VIT All Asset
|
15,203
|
167,098
|
168,299
|
168,299
|
15,244
|
10.82
|
16.76
|
PIMCO VIT Low Duration
|
3,048
|
31,257
|
31,633
|
31,633
|
2,718
|
11.64
|
11.64
|
PIMCO VIT Real Return
|
2,123
|
27,451
|
29,559
|
29,559
|
2,056
|
14.43
|
14.43
|
(a) Liquidation. See Note 1.
|
American Century VP Ultra®
|
American Century VP Value
|
Guggenheim VIF All Cap Value
|
||||||||||
Net assets as of December 31, 2018
|
$
|
9,134
|
$
|
6,140
|
$
|
42,419
|
||||||
Investment income (loss):
|
||||||||||||
Dividend distributions
|
-
|
136
|
591
|
|||||||||
Investment Expenses:
|
||||||||||||
Mortality and expense risk and administrative charges
|
(212
|
)
|
(137
|
)
|
(858
|
)
|
||||||
Net investment income (loss)
|
(212
|
)
|
(1
|
)
|
(267
|
)
|
||||||
Increase (decrease) in net assets from operations:
|
||||||||||||
Capital gain distributions
|
1,141
|
396
|
3,130
|
|||||||||
Realized capital gain (loss) on investments
|
61
|
47
|
2,580
|
|||||||||
Change in unrealized appreciation (depreciation)
|
1,919
|
1,060
|
2,886
|
|||||||||
Net gain (loss) on investments
|
3,121
|
1,503
|
8,596
|
|||||||||
Net increase (decrease) in net assets from operations
|
2,909
|
1,502
|
8,329
|
|||||||||
Contract owner transactions:
|
||||||||||||
Variable annuity deposits
|
-
|
-
|
-
|
|||||||||
Terminations, withdrawals and annuity payments
|
-
|
-
|
(9,562
|
)
|
||||||||
Transfers between subaccounts, net
|
-
|
-
|
-
|
|||||||||
Maintenance charges and mortality adjustments
|
-
|
-
|
-
|
|||||||||
Net decrease in net assets from contract transactions
|
-
|
-
|
(9,562
|
)
|
||||||||
Total increase (decrease) in net assets
|
2,909
|
1,502
|
(1,233
|
)
|
||||||||
Net assets as of December 31, 2019
|
$
|
12,043
|
$
|
7,642
|
$
|
41,186
|
||||||
Investment income (loss):
|
||||||||||||
Dividend distributions
|
-
|
143
|
642
|
|||||||||
Investment Expenses:
|
||||||||||||
Mortality and expense risk and administrative charges
|
(275
|
)
|
(129
|
)
|
(694
|
)
|
||||||
Net investment income (loss)
|
(275
|
)
|
14
|
(52
|
)
|
|||||||
Increase (decrease) in net assets from operations:
|
||||||||||||
Capital gain distributions
|
1,264
|
171
|
1,905
|
|||||||||
Realized capital gain (loss) on investments
|
103
|
35
|
324
|
|||||||||
Change in unrealized appreciation (depreciation)
|
4,525
|
(307
|
)
|
(2,304
|
)
|
|||||||
Net gain (loss) on investments
|
5,892
|
(101
|
)
|
(75
|
)
|
|||||||
Net increase (decrease) in net assets from operations
|
5,617
|
(87
|
)
|
(127
|
)
|
|||||||
Contract owner transactions:
|
||||||||||||
Variable annuity deposits
|
-
|
-
|
-
|
|||||||||
Terminations, withdrawals and annuity payments
|
-
|
-
|
(1,756
|
)
|
||||||||
Transfers between subaccounts, net
|
-
|
-
|
-
|
|||||||||
Maintenance charges and mortality adjustments
|
-
|
-
|
-
|
|||||||||
Net decrease in net assets from contract transactions
|
-
|
-
|
(1,756
|
)
|
||||||||
Total increase (decrease) in net assets
|
5,617
|
(87
|
)
|
(1,883
|
)
|
|||||||
Net assets as of December 31, 2020
|
$
|
17,660
|
$
|
7,555
|
$
|
39,303
|
||||||
Guggenheim VIF Alpha Opportunity
|
Guggenheim VIF High Yield
|
Guggenheim VIF Large Cap Value
|
||||||||||
Net assets as of December 31, 2018
|
$
|
14,238
|
$
|
13,787
|
$
|
12,141
|
||||||
Investment income (loss):
|
||||||||||||
Dividend distributions
|
11
|
514
|
-
|
|||||||||
Investment Expenses:
|
||||||||||||
Mortality and expense risk and administrative charges
|
(208
|
)
|
(218
|
)
|
(146
|
)
|
||||||
Net investment income (loss)
|
(197
|
)
|
296
|
(146
|
)
|
|||||||
Increase (decrease) in net assets from operations:
|
||||||||||||
Capital gain distributions
|
-
|
-
|
-
|
|||||||||
Realized capital gain (loss) on investments
|
33
|
2,374
|
2,812
|
|||||||||
Change in unrealized appreciation (depreciation)
|
(603
|
)
|
(1,547
|
)
|
(1,294
|
)
|
||||||
Net gain (loss) on investments
|
(570
|
)
|
827
|
1,518
|
||||||||
Net increase (decrease) in net assets from operations
|
(767
|
)
|
1,123
|
1,372
|
||||||||
Contract owner transactions:
|
||||||||||||
Variable annuity deposits
|
-
|
-
|
-
|
|||||||||
Terminations, withdrawals and annuity payments
|
(7,148
|
)
|
(7,943
|
)
|
(13,514
|
)
|
||||||
Transfers between subaccounts, net
|
37
|
-
|
1
|
|||||||||
Maintenance charges and mortality adjustments
|
-
|
-
|
-
|
|||||||||
Net decrease in net assets from contract transactions
|
(7,111
|
)
|
(7,943
|
)
|
(13,513
|
)
|
||||||
Total increase (decrease) in net assets
|
(7,878
|
)
|
(6,820
|
)
|
(12,141
|
)
|
||||||
Net assets as of December 31, 2019
|
$
|
6,360
|
$
|
6,967
|
$
|
-
|
||||||
Investment income (loss):
|
||||||||||||
Dividend distributions
|
38
|
501
|
-
|
|||||||||
Investment Expenses:
|
||||||||||||
Mortality and expense risk and administrative charges
|
(120
|
)
|
(133
|
)
|
-
|
|||||||
Net investment income (loss)
|
(82
|
)
|
368
|
-
|
||||||||
Increase (decrease) in net assets from operations:
|
||||||||||||
Capital gain distributions
|
-
|
-
|
-
|
|||||||||
Realized capital gain (loss) on investments
|
(1
|
)
|
25
|
-
|
||||||||
Change in unrealized appreciation (depreciation)
|
(24
|
)
|
(211
|
)
|
-
|
|||||||
Net gain (loss) on investments
|
(25
|
)
|
(186
|
)
|
-
|
|||||||
Net increase (decrease) in net assets from operations
|
(107
|
)
|
182
|
-
|
||||||||
Contract owner transactions:
|
||||||||||||
Variable annuity deposits
|
-
|
-
|
-
|
|||||||||
Terminations, withdrawals and annuity payments
|
-
|
-
|
-
|
|||||||||
Transfers between subaccounts, net
|
-
|
-
|
-
|
|||||||||
Maintenance charges and mortality adjustments
|
-
|
-
|
-
|
|||||||||
Net decrease in net assets from contract transactions
|
-
|
-
|
-
|
|||||||||
Total increase (decrease) in net assets
|
(107
|
)
|
182
|
-
|
||||||||
Net assets as of December 31, 2020
|
$
|
6,253
|
$
|
7,149
|
$
|
-
|
||||||
Guggenheim VIF Long Short Equity
|
Guggenheim VIF Managed Asset Allocation
|
Guggenheim VIF Small Cap Value
|
||||||||||
Net assets as of December 31, 2018
|
$
|
14,067
|
$
|
211,087
|
$
|
36,880
|
||||||
Investment income (loss):
|
||||||||||||
Dividend distributions
|
81
|
3,545
|
182
|
|||||||||
Investment Expenses:
|
||||||||||||
Mortality and expense risk and administrative charges
|
(280
|
)
|
(3,000
|
)
|
(646
|
)
|
||||||
Net investment income (loss)
|
(199
|
)
|
545
|
(464
|
)
|
|||||||
Increase (decrease) in net assets from operations:
|
||||||||||||
Capital gain distributions
|
-
|
1,711
|
1,348
|
|||||||||
Realized capital gain (loss) on investments
|
31
|
28,984
|
3,480
|
|||||||||
Change in unrealized appreciation (depreciation)
|
658
|
5,513
|
1,377
|
|||||||||
Net gain (loss) on investments
|
689
|
36,208
|
6,205
|
|||||||||
Net increase (decrease) in net assets from operations
|
490
|
36,753
|
5,741
|
|||||||||
Contract owner transactions:
|
||||||||||||
Variable annuity deposits
|
-
|
37,508
|
-
|
|||||||||
Terminations, withdrawals and annuity payments
|
-
|
(81,393
|
)
|
(18,326
|
)
|
|||||||
Transfers between subaccounts, net
|
-
|
-
|
-
|
|||||||||
Maintenance charges and mortality adjustments
|
-
|
(638
|
)
|
-
|
||||||||
Net decrease in net assets from contract transactions
|
-
|
(44,523
|
)
|
(18,326
|
)
|
|||||||
Total increase (decrease) in net assets
|
490
|
(7,770
|
)
|
(12,585
|
)
|
|||||||
Net assets as of December 31, 2019
|
$
|
14,557
|
$
|
203,317
|
$
|
24,295
|
||||||
Investment income (loss):
|
||||||||||||
Dividend distributions
|
119
|
2,818
|
215
|
|||||||||
Investment Expenses:
|
||||||||||||
Mortality and expense risk and administrative charges
|
(194
|
)
|
(2,550
|
)
|
(394
|
)
|
||||||
Net investment income (loss)
|
(75
|
)
|
268
|
(179
|
)
|
|||||||
Increase (decrease) in net assets from operations:
|
||||||||||||
Capital gain distributions
|
-
|
10,866
|
1,554
|
|||||||||
Realized capital gain (loss) on investments
|
1,534
|
5,839
|
22
|
|||||||||
Change in unrealized appreciation (depreciation)
|
(1,830
|
)
|
979
|
(2,123
|
)
|
|||||||
Net gain (loss) on investments
|
(296
|
)
|
17,684
|
(547
|
)
|
|||||||
Net increase (decrease) in net assets from operations
|
(371
|
)
|
17,952
|
(726
|
)
|
|||||||
Contract owner transactions:
|
||||||||||||
Variable annuity deposits
|
-
|
172
|
-
|
|||||||||
Terminations, withdrawals and annuity payments
|
(13,248
|
)
|
(20,109
|
)
|
(359
|
)
|
||||||
Transfers between subaccounts, net
|
-
|
-
|
-
|
|||||||||
Maintenance charges and mortality adjustments
|
-
|
(547
|
)
|
-
|
||||||||
Net decrease in net assets from contract transactions
|
(13,248
|
)
|
(20,484
|
)
|
(359
|
)
|
||||||
Total increase (decrease) in net assets
|
(13,619
|
)
|
(2,532
|
)
|
(1,085
|
)
|
||||||
Net assets as of December 31, 2020
|
$
|
938
|
$
|
200,785
|
$
|
23,210
|
||||||
Guggenheim VIF SMid Cap Value
|
Guggenheim VIF StylePlus Large Growth
|
Guggenheim VIF StylePlus Small Growth
|
||||||||||
Net assets as of December 31, 2018
|
$
|
23,975
|
$
|
8,107
|
$
|
12,741
|
||||||
Investment income (loss):
|
||||||||||||
Dividend distributions
|
153
|
-
|
-
|
|||||||||
Investment Expenses:
|
||||||||||||
Mortality and expense risk and administrative charges
|
(444
|
)
|
(101
|
)
|
(160
|
)
|
||||||
Net investment income (loss)
|
(291
|
)
|
(101
|
)
|
(160
|
)
|
||||||
Increase (decrease) in net assets from operations:
|
||||||||||||
Capital gain distributions
|
1,810
|
-
|
-
|
|||||||||
Realized capital gain (loss) on investments
|
2,423
|
4,082
|
5,450
|
|||||||||
Change in unrealized appreciation (depreciation)
|
824
|
(2,223
|
)
|
(3,163
|
)
|
|||||||
Net gain (loss) on investments
|
5,057
|
1,859
|
2,287
|
|||||||||
Net increase (decrease) in net assets from operations
|
4,766
|
1,758
|
2,127
|
|||||||||
Contract owner transactions:
|
||||||||||||
Variable annuity deposits
|
-
|
-
|
-
|
|||||||||
Terminations, withdrawals and annuity payments
|
(10,203
|
)
|
(9,905
|
)
|
(14,879
|
)
|
||||||
Transfers between subaccounts, net
|
-
|
40
|
11
|
|||||||||
Maintenance charges and mortality adjustments
|
-
|
-
|
-
|
|||||||||
Net decrease in net assets from contract transactions
|
(10,203
|
)
|
(9,865
|
)
|
(14,868
|
)
|
||||||
Total increase (decrease) in net assets
|
(5,437
|
)
|
(8,107
|
)
|
(12,741
|
)
|
||||||
Net assets as of December 31, 2019
|
$
|
18,538
|
$
|
-
|
$
|
-
|
||||||
Investment income (loss):
|
||||||||||||
Dividend distributions
|
202
|
-
|
-
|
|||||||||
Investment Expenses:
|
||||||||||||
Mortality and expense risk and administrative charges
|
(316
|
)
|
-
|
-
|
||||||||
Net investment income (loss)
|
(114
|
)
|
-
|
-
|
||||||||
Increase (decrease) in net assets from operations:
|
||||||||||||
Capital gain distributions
|
640
|
-
|
-
|
|||||||||
Realized capital gain (loss) on investments
|
20
|
-
|
-
|
|||||||||
Change in unrealized appreciation (depreciation)
|
(125
|
)
|
-
|
-
|
||||||||
Net gain (loss) on investments
|
535
|
-
|
-
|
|||||||||
Net increase (decrease) in net assets from operations
|
421
|
-
|
-
|
|||||||||
Contract owner transactions:
|
||||||||||||
Variable annuity deposits
|
-
|
-
|
-
|
|||||||||
Terminations, withdrawals and annuity payments
|
-
|
-
|
-
|
|||||||||
Transfers between subaccounts, net
|
-
|
-
|
-
|
|||||||||
Maintenance charges and mortality adjustments
|
-
|
-
|
-
|
|||||||||
Net decrease in net assets from contract transactions
|
-
|
-
|
-
|
|||||||||
Total increase (decrease) in net assets
|
421
|
-
|
-
|
|||||||||
Net assets as of December 31, 2020
|
$
|
18,959
|
$
|
-
|
$
|
-
|
||||||
Guggenheim VIF Total Return Bond
|
Guggenheim VIF World Equity Income
|
Invesco Oppenheimer V.I. Conservative Balanced Fund
|
||||||||||
Net assets as of December 31, 2018
|
$
|
19,191
|
$
|
5,562
|
$
|
53,663
|
||||||
Investment income (loss):
|
||||||||||||
Dividend distributions
|
523
|
-
|
1,251
|
|||||||||
Investment Expenses:
|
||||||||||||
Mortality and expense risk and administrative charges
|
(385
|
)
|
(66
|
)
|
(915
|
)
|
||||||
Net investment income (loss)
|
138
|
(66
|
)
|
336
|
||||||||
Increase (decrease) in net assets from operations:
|
||||||||||||
Capital gain distributions
|
-
|
-
|
886
|
|||||||||
Realized capital gain (loss) on investments
|
72
|
1,872
|
1,321
|
|||||||||
Change in unrealized appreciation (depreciation)
|
260
|
(1,133
|
)
|
5,207
|
||||||||
Net gain (loss) on investments
|
332
|
739
|
7,414
|
|||||||||
Net increase (decrease) in net assets from operations
|
470
|
673
|
7,750
|
|||||||||
Contract owner transactions:
|
||||||||||||
Variable annuity deposits
|
-
|
-
|
-
|
|||||||||
Terminations, withdrawals and annuity payments
|
-
|
(6,236
|
)
|
(9,445
|
)
|
|||||||
Transfers between subaccounts, net
|
-
|
1
|
-
|
|||||||||
Maintenance charges and mortality adjustments
|
-
|
-
|
(123
|
)
|
||||||||
Net decrease in net assets from contract transactions
|
-
|
(6,235
|
)
|
(9,568
|
)
|
|||||||
Total increase (decrease) in net assets
|
470
|
(5,562
|
)
|
(1,818
|
)
|
|||||||
Net assets as of December 31, 2019
|
$
|
19,661
|
$
|
-
|
$
|
51,845
|
||||||
Investment income (loss):
|
||||||||||||
Dividend distributions
|
376
|
-
|
1,061
|
|||||||||
Investment Expenses:
|
||||||||||||
Mortality and expense risk and administrative charges
|
(319
|
)
|
-
|
(869
|
)
|
|||||||
Net investment income (loss)
|
57
|
-
|
192
|
|||||||||
Increase (decrease) in net assets from operations:
|
||||||||||||
Capital gain distributions
|
-
|
-
|
1,179
|
|||||||||
Realized capital gain (loss) on investments
|
4,051
|
-
|
551
|
|||||||||
Change in unrealized appreciation (depreciation)
|
(2,088
|
)
|
-
|
3,905
|
||||||||
Net gain (loss) on investments
|
1,963
|
-
|
5,635
|
|||||||||
Net increase (decrease) in net assets from operations
|
2,020
|
-
|
5,827
|
|||||||||
Contract owner transactions:
|
||||||||||||
Variable annuity deposits
|
-
|
-
|
-
|
|||||||||
Terminations, withdrawals and annuity payments
|
(15,836
|
)
|
-
|
(3,724
|
)
|
|||||||
Transfers between subaccounts, net
|
-
|
-
|
-
|
|||||||||
Maintenance charges and mortality adjustments
|
-
|
-
|
(131
|
)
|
||||||||
Net decrease in net assets from contract transactions
|
(15,836
|
)
|
-
|
(3,855
|
)
|
|||||||
Total increase (decrease) in net assets
|
(13,816
|
)
|
-
|
1,972
|
||||||||
Net assets as of December 31, 2020
|
$
|
5,845
|
$
|
-
|
$
|
53,817
|
||||||
Invesco Oppenheimer V.I. Main Street Small Cap Fund
|
Invesco V.I. Equity and Income
|
Invesco V.I. Global Real Estate
|
||||||||||
Net assets as of December 31, 2018
|
$
|
15,907
|
$
|
243,306
|
$
|
4,468
|
||||||
Investment income (loss):
|
||||||||||||
Dividend distributions
|
-
|
5,966
|
233
|
|||||||||
Investment Expenses:
|
||||||||||||
Mortality and expense risk and administrative charges
|
(270
|
)
|
(3,793
|
)
|
(100
|
)
|
||||||
Net investment income (loss)
|
(270
|
)
|
2,173
|
133
|
||||||||
Increase (decrease) in net assets from operations:
|
||||||||||||
Capital gain distributions
|
1,699
|
18,595
|
6
|
|||||||||
Realized capital gain (loss) on investments
|
325
|
12,258
|
39
|
|||||||||
Change in unrealized appreciation (depreciation)
|
1,113
|
9,927
|
736
|
|||||||||
Net gain (loss) on investments
|
3,137
|
40,780
|
781
|
|||||||||
Net increase (decrease) in net assets from operations
|
2,867
|
42,953
|
914
|
|||||||||
Contract owner transactions:
|
||||||||||||
Variable annuity deposits
|
-
|
40,188
|
-
|
|||||||||
Terminations, withdrawals and annuity payments
|
(9,579
|
)
|
(72,089
|
)
|
(257
|
)
|
||||||
Transfers between subaccounts, net
|
-
|
-
|
-
|
|||||||||
Maintenance charges and mortality adjustments
|
-
|
(895
|
)
|
-
|
||||||||
Net decrease in net assets from contract transactions
|
(9,579
|
)
|
(32,796
|
)
|
(257
|
)
|
||||||
Total increase (decrease) in net assets
|
(6,712
|
)
|
10,157
|
657
|
||||||||
Net assets as of December 31, 2019
|
$
|
9,195
|
$
|
253,463
|
$
|
5,125
|
||||||
Investment income (loss):
|
||||||||||||
Dividend distributions
|
32
|
4,901
|
214
|
|||||||||
Investment Expenses:
|
||||||||||||
Mortality and expense risk and administrative charges
|
(167
|
)
|
(3,235
|
)
|
(84
|
)
|
||||||
Net investment income (loss)
|
(135
|
)
|
1,666
|
130
|
||||||||
Increase (decrease) in net assets from operations:
|
||||||||||||
Capital gain distributions
|
128
|
10,133
|
120
|
|||||||||
Realized capital gain (loss) on investments
|
10
|
(727
|
)
|
(21
|
)
|
|||||||
Change in unrealized appreciation (depreciation)
|
1,589
|
3,718
|
(949
|
)
|
||||||||
Net gain (loss) on investments
|
1,727
|
13,124
|
(850
|
)
|
||||||||
Net increase (decrease) in net assets from operations
|
1,592
|
14,790
|
(720
|
)
|
||||||||
Contract owner transactions:
|
||||||||||||
Variable annuity deposits
|
-
|
268
|
-
|
|||||||||
Terminations, withdrawals and annuity payments
|
-
|
(21,713
|
)
|
(247
|
)
|
|||||||
Transfers between subaccounts, net
|
-
|
-
|
-
|
|||||||||
Maintenance charges and mortality adjustments
|
-
|
(752
|
)
|
-
|
||||||||
Net decrease in net assets from contract transactions
|
-
|
(22,197
|
)
|
(247
|
)
|
|||||||
Total increase (decrease) in net assets
|
1,592
|
(7,407
|
)
|
(967
|
)
|
|||||||
Net assets as of December 31, 2020
|
$
|
10,787
|
$
|
246,056
|
$
|
4,158
|
||||||
Invesco V.I. Government Money Market(a)
|
Invesco V.I. Mid Cap Core Equity
|
Invesco V.I. Value Opportunities
|
||||||||||
Net assets as of December 31, 2018
|
$
|
11,857
|
$
|
11,995
|
$
|
4,035
|
||||||
Investment income (loss):
|
||||||||||||
Dividend distributions
|
193
|
14
|
-
|
|||||||||
Investment Expenses:
|
||||||||||||
Mortality and expense risk and administrative charges
|
(232
|
)
|
(203
|
)
|
(93
|
)
|
||||||
Net investment income (loss)
|
(39
|
)
|
(189
|
)
|
(93
|
)
|
||||||
Increase (decrease) in net assets from operations:
|
||||||||||||
Capital gain distributions
|
-
|
712
|
1,019
|
|||||||||
Realized capital gain (loss) on investments
|
-
|
(108
|
)
|
(25
|
)
|
|||||||
Change in unrealized appreciation (depreciation)
|
-
|
1,841
|
213
|
|||||||||
Net gain (loss) on investments
|
-
|
2,445
|
1,207
|
|||||||||
Net increase (decrease) in net assets from operations
|
(39
|
)
|
2,256
|
1,114
|
||||||||
Contract owner transactions:
|
||||||||||||
Variable annuity deposits
|
-
|
-
|
-
|
|||||||||
Terminations, withdrawals and annuity payments
|
(94
|
)
|
(7,422
|
)
|
-
|
|||||||
Transfers between subaccounts, net
|
-
|
-
|
-
|
|||||||||
Maintenance charges and mortality adjustments
|
-
|
-
|
-
|
|||||||||
Net decrease in net assets from contract transactions
|
(94
|
)
|
(7,422
|
)
|
-
|
|||||||
Total increase (decrease) in net assets
|
(133
|
)
|
(5,166
|
)
|
1,114
|
|||||||
Net assets as of December 31, 2019
|
$
|
11,724
|
$
|
6,829
|
$
|
5,149
|
||||||
Investment income (loss):
|
||||||||||||
Dividend distributions
|
24
|
31
|
4
|
|||||||||
Investment Expenses:
|
||||||||||||
Mortality and expense risk and administrative charges
|
(171
|
)
|
(123
|
)
|
(85
|
)
|
||||||
Net investment income (loss)
|
(147
|
)
|
(92
|
)
|
(81
|
)
|
||||||
Increase (decrease) in net assets from operations:
|
||||||||||||
Capital gain distributions
|
-
|
1,345
|
197
|
|||||||||
Realized capital gain (loss) on investments
|
-
|
(22
|
)
|
(48
|
)
|
|||||||
Change in unrealized appreciation (depreciation)
|
-
|
(766
|
)
|
100
|
||||||||
Net gain (loss) on investments
|
-
|
557
|
249
|
|||||||||
Net increase (decrease) in net assets from operations
|
(147
|
)
|
465
|
168
|
||||||||
Contract owner transactions:
|
||||||||||||
Variable annuity deposits
|
-
|
-
|
-
|
|||||||||
Terminations, withdrawals and annuity payments
|
(10,189
|
)
|
-
|
-
|
||||||||
Transfers between subaccounts, net
|
-
|
-
|
-
|
|||||||||
Maintenance charges and mortality adjustments
|
-
|
-
|
-
|
|||||||||
Net decrease in net assets from contract transactions
|
(10,189
|
)
|
-
|
-
|
||||||||
Total increase (decrease) in net assets
|
(10,336
|
)
|
465
|
168
|
||||||||
Net assets as of December 31, 2020
|
$
|
1,388
|
$
|
7,294
|
$
|
5,317
|
||||||
(a) Liquidation. See Note 1.
|
MFS® VIT Total Return
|
PIMCO VIT All Asset
|
PIMCO VIT Low Duration
|
||||||||||
Net assets as of December 31, 2018
|
$
|
27,233
|
$
|
174,271
|
$
|
45,470
|
||||||
Investment income (loss):
|
||||||||||||
Dividend distributions
|
638
|
5,261
|
1,270
|
|||||||||
Investment Expenses:
|
||||||||||||
Mortality and expense risk and administrative charges
|
(390
|
)
|
(2,427
|
)
|
(903
|
)
|
||||||
Net investment income (loss)
|
248
|
2,834
|
367
|
|||||||||
Increase (decrease) in net assets from operations:
|
||||||||||||
Capital gain distributions
|
816
|
-
|
-
|
|||||||||
Realized capital gain (loss) on investments
|
129
|
(2,945
|
)
|
(16
|
)
|
|||||||
Change in unrealized appreciation (depreciation)
|
3,813
|
17,816
|
557
|
|||||||||
Net gain (loss) on investments
|
4,758
|
14,871
|
541
|
|||||||||
Net increase (decrease) in net assets from operations
|
5,006
|
17,705
|
908
|
|||||||||
Contract owner transactions:
|
||||||||||||
Variable annuity deposits
|
-
|
31,782
|
-
|
|||||||||
Terminations, withdrawals and annuity payments
|
(678
|
)
|
(48,755
|
)
|
(1,659
|
)
|
||||||
Transfers between subaccounts, net
|
-
|
-
|
-
|
|||||||||
Maintenance charges and mortality adjustments
|
(120
|
)
|
(652
|
)
|
-
|
|||||||
Net decrease in net assets from contract transactions
|
(798
|
)
|
(17,625
|
)
|
(1,659
|
)
|
||||||
Total increase (decrease) in net assets
|
4,208
|
80
|
(751
|
)
|
||||||||
Net assets as of December 31, 2019
|
$
|
31,441
|
$
|
174,351
|
$
|
44,719
|
||||||
Investment income (loss):
|
||||||||||||
Dividend distributions
|
634
|
7,834
|
513
|
|||||||||
Investment Expenses:
|
||||||||||||
Mortality and expense risk and administrative charges
|
(397
|
)
|
(2,104
|
)
|
(813
|
)
|
||||||
Net investment income (loss)
|
237
|
5,730
|
(300
|
)
|
||||||||
Increase (decrease) in net assets from operations:
|
||||||||||||
Capital gain distributions
|
825
|
-
|
-
|
|||||||||
Realized capital gain (loss) on investments
|
156
|
(2,303
|
)
|
139
|
||||||||
Change in unrealized appreciation (depreciation)
|
1,253
|
5,406
|
622
|
|||||||||
Net gain (loss) on investments
|
2,234
|
3,103
|
761
|
|||||||||
Net increase (decrease) in net assets from operations
|
2,471
|
8,833
|
461
|
|||||||||
Contract owner transactions:
|
||||||||||||
Variable annuity deposits
|
-
|
209
|
-
|
|||||||||
Terminations, withdrawals and annuity payments
|
(767
|
)
|
(14,554
|
)
|
(13,547
|
)
|
||||||
Transfers between subaccounts, net
|
-
|
-
|
-
|
|||||||||
Maintenance charges and mortality adjustments
|
(120
|
)
|
(540
|
)
|
-
|
|||||||
Net decrease in net assets from contract transactions
|
(887
|
)
|
(14,885
|
)
|
(13,547
|
)
|
||||||
Total increase (decrease) in net assets
|
1,584
|
(6,052
|
)
|
(13,086
|
)
|
|||||||
Net assets as of December 31, 2020
|
$
|
33,025
|
$
|
168,299
|
$
|
31,633
|
||||||
PIMCO VIT Real Return
|
||||
Net assets as of December 31, 2018
|
$
|
38,607
|
||
Investment income (loss):
|
||||
Dividend distributions
|
667
|
|||
Investment Expenses:
|
||||
Mortality and expense risk and administrative charges
|
(789
|
)
|
||
Net investment income (loss)
|
(122
|
)
|
||
Increase (decrease) in net assets from operations:
|
||||
Capital gain distributions
|
-
|
|||
Realized capital gain (loss) on investments
|
(65
|
)
|
||
Change in unrealized appreciation (depreciation)
|
2,622
|
|||
Net gain (loss) on investments
|
2,557
|
|||
Net increase (decrease) in net assets from operations
|
2,435
|
|||
Contract owner transactions:
|
||||
Variable annuity deposits
|
-
|
|||
Terminations, withdrawals and annuity payments
|
(1,049
|
)
|
||
Transfers between subaccounts, net
|
-
|
|||
Maintenance charges and mortality adjustments
|
-
|
|||
Net decrease in net assets from contract transactions
|
(1,049
|
)
|
||
Total increase (decrease) in net assets
|
1,386
|
|||
Net assets as of December 31, 2019
|
$
|
39,993
|
||
Investment income (loss):
|
||||
Dividend distributions
|
524
|
|||
Investment Expenses:
|
||||
Mortality and expense risk and administrative charges
|
(747
|
)
|
||
Net investment income (loss)
|
(223
|
)
|
||
Increase (decrease) in net assets from operations:
|
||||
Capital gain distributions
|
-
|
|||
Realized capital gain (loss) on investments
|
807
|
|||
Change in unrealized appreciation (depreciation)
|
3,001
|
|||
Net gain (loss) on investments
|
3,808
|
|||
Net increase (decrease) in net assets from operations
|
3,585
|
|||
Contract owner transactions:
|
||||
Variable annuity deposits
|
-
|
|||
Terminations, withdrawals and annuity payments
|
(14,019
|
)
|
||
Transfers between subaccounts, net
|
-
|
|||
Maintenance charges and mortality adjustments
|
-
|
|||
Net decrease in net assets from contract transactions
|
(14,019
|
)
|
||
Total increase (decrease) in net assets
|
(10,434
|
)
|
||
Net assets as of December 31, 2020
|
$
|
29,559
|
||
Subaccount/Mutual Fund
|
Class
|
Investment Adviser
|
Sub-Adviser
|
American Century VP Ultra®
|
II
|
American Century Investment Management, Inc
|
-
|
American Century VP Value
|
II
|
American Century Investment Management, Inc
|
-
|
BNY Mellon IP Technology Growth
|
Service
|
BNY Mellon Investment Adviser, Inc
|
-
|
Guggenheim VIF All Cap Value
|
-
|
Security Investors, LLC
|
-
|
Guggenheim VIF Alpha Opportunity
|
-
|
Security Investors, LLC
|
-
|
Guggenheim VIF High Yield
|
-
|
Security Investors, LLC
|
-
|
Guggenheim VIF Large Cap Value
|
-
|
Security Investors, LLC
|
-
|
Guggenheim VIF Long Short Equity
|
-
|
Security Investors, LLC
|
-
|
Guggenheim VIF Managed Asset Allocation
|
-
|
Security Investors, LLC
|
-
|
Guggenheim VIF Small Cap Value
|
-
|
Security Investors, LLC
|
-
|
Guggenheim VIF SMid Cap Value
|
-
|
Security Investors, LLC
|
-
|
Guggenheim VIF StylePlus Large Core
|
-
|
Security Investors, LLC
|
-
|
Guggenheim VIF StylePlus Large Growth
|
-
|
Security Investors, LLC
|
-
|
Guggenheim VIF StylePlus Mid Growth
|
-
|
Security Investors, LLC
|
-
|
Guggenheim VIF StylePlus Small Growth
|
-
|
Security Investors, LLC
|
-
|
Guggenheim VIF Total Return Bond
|
-
|
Security Investors, LLC
|
-
|
Guggenheim VIF World Equity Income
|
-
|
Security Investors, LLC
|
-
|
Invesco Oppenheimer V.I. Conservative Balanced Fund
|
Series I
|
Invesco Advisers, Inc
|
-
|
Invesco Oppenheimer V.I. Main Street Small Cap Fund
|
Series II
|
Invesco Advisers, Inc
|
-
|
Invesco V.I. Equity and Income
|
Series II
|
Invesco Advisers, Inc
|
-
|
Invesco V.I. Global Real Estate
|
Series I
|
Invesco Advisers, Inc
|
Invesco Asset Management Ltd
|
Invesco V.I. Government Money Market
|
Series II
|
Invesco Advisers, Inc
|
-
|
Invesco V.I. Health Care
|
Series I
|
Invesco Advisers, Inc
|
-
|
Invesco V.I. International Growth
|
Series II
|
Invesco Advisers, Inc
|
-
|
Invesco V.I. Mid Cap Core Equity
|
Series II
|
Invesco Advisers, Inc
|
-
|
Subaccount/Mutual Fund
|
Class
|
Investment Adviser
|
Sub-Adviser
|
Invesco V.I. Value Opportunities
|
Series II
|
Invesco Advisers, Inc
|
-
|
MFS® VIT Total Return
|
Service
|
Massachusetts Financial Services Company
|
-
|
Neuberger Berman AMT Sustainable Equity
|
S
|
Neuberger Berman Investment Advisers LLC
|
-
|
PIMCO VIT All Asset
|
Administrative
|
Pacific Investment Management Company, LLC
|
Research Affiliates LLC
|
PIMCO VIT Low Duration
|
Administrative
|
Pacific Investment Management Company, LLC
|
-
|
PIMCO VIT Real Return
|
Administrative
|
Pacific Investment Management Company, LLC
|
-
|
Thirty-one subaccounts are currently offered by the Account. The following subaccounts had no activity for two consecutive years and are not included in the statements of net assets or the
statements of operations and changes in net assets:
|
|
Subaccount
|
|
BNY Mellon IP Technology Growth
|
|
Guggenheim VIF StylePlus Large Core
|
|
Guggenheim VIF StylePlus Mid Growth
|
|
Invesco V.I. Health Care
|
|
Invesco V.I. International Growth
|
|
Neuberger Berman AMT Sustainable Equity
|
All subaccounts reported a full twelve month period except for the following as indicated:
|
||
Inception Date
|
Subaccount
|
|
April 29, 2016
|
Invesco V.I. Government Money Market
|
During the current year the following subaccount was liquidated and subsequently reinvested:
|
|||
Date
|
Liquidated Subaccount
|
Reinvested Subaccount
|
Transferred Assets ($)
|
April 30, 2020
|
BNY Mellon VIF International Value
|
Invesco V.I. Government Money Market
|
-
|
Subaccount
|
Cost of Purchases
|
Proceeds from Sales
|
American Century VP Ultra®
|
$ 1,264
|
$ 275
|
American Century VP Value
|
314
|
129
|
Guggenheim VIF All Cap Value
|
2,547
|
2,450
|
Guggenheim VIF Alpha Opportunity
|
38
|
120
|
Guggenheim VIF High Yield
|
501
|
133
|
Guggenheim VIF Long Short Equity
|
119
|
13,442
|
Guggenheim VIF Managed Asset Allocation
|
13,684
|
23,034
|
Guggenheim VIF Small Cap Value
|
1,769
|
753
|
Guggenheim VIF SMid Cap Value
|
842
|
316
|
Guggenheim VIF Total Return Bond
|
376
|
16,155
|
Invesco Oppenheimer V.I. Conservative Balanced Fund
|
2,239
|
4,723
|
Invesco Oppenheimer V.I. Main Street Small Cap Fund
|
160
|
167
|
Invesco V.I. Equity and Income
|
15,034
|
25,432
|
Invesco V.I. Global Real Estate
|
334
|
331
|
Subaccount
|
Cost of Purchases
|
Proceeds from Sales
|
Invesco V.I. Government Money Market (a)
|
$ 24
|
$ 10,360
|
Invesco V.I. Mid Cap Core Equity
|
1,376
|
123
|
Invesco V.I. Value Opportunities
|
201
|
85
|
MFS® VIT Total Return
|
1,460
|
1,285
|
PIMCO VIT All Asset
|
7,834
|
16,989
|
PIMCO VIT Low Duration
|
513
|
14,360
|
PIMCO VIT Real Return
|
524
|
14,766
|
(a) Liquidation. See Note 1.
|
As of December 31, 2020, annuity reserves have not been established, as there are no contracts that have matured and are in the payout stage. Such reserves would be computed on the basis of published mortality
tables using assumed interest rates that will provide reserves as prescribed by law. In cases where the payout option selected is life contingent, SBL periodically recalculates the required annuity reserves, and any resulting adjustment is
either charged or credited to SBL and not to the Account.
|
The Account had no financial liabilities as of December 31, 2020.
|
ClassicStrategies
Mortality and Expense Risk Charge: Mortality and expense risks assumed by SBL are compensated for by a fee equivalent to an annual rate of 0.85% of the average daily net
asset.
Administrative Charge: SBL deducts a daily administrative charge equivalent to an annual rate of 0.15% of the average daily net asset value.
These charges are presented as expenses on the statements of changes in net assets under Mortality and expense risk and administrative charges line item.
Premium Tax Charge: When applicable, an amount for state premium taxes is deducted as provided by pertinent state law either from the purchase payments or from the
amount applied to effect an annuity at the time annuity payments commence.
Contract owner maintenance charges presented as a decrease in units on the statements of changes in net assets under the Maintenance charges and mortality adjustment line item may include the following:
• Contingent
Deferred Sales Charge (CDSC): SBL deducts a CDSC (also referred to as a “withdrawal charge”) of up to 8% of any portion of a withdrawal, consisting of purchase payments, that exceed the free withdrawal amount for units withdrawn in
the first seven years of the contract.
• Rider Charge: SBL deducts a monthly amount for each rider,
equal to a percentage of contract value, not to exceed a total charge of 0.95% of the contract value.
|
2020
|
2019
|
||||||
Net
|
Net
|
||||||
Units
|
Units
|
Increase
|
Units
|
Units
|
Increase
|
||
Subaccount
|
Issued
|
Redeemed
|
(Decrease)
|
Issued
|
Redeemed
|
(Decrease)
|
|
American Century VP Ultra®
|
-
|
-
|
-
|
-
|
-
|
-
|
|
American Century VP Value
|
-
|
-
|
-
|
-
|
-
|
-
|
|
Guggenheim VIF All Cap Value
|
-
|
(79)
|
(79)
|
-
|
(444)
|
(444)
|
|
Guggenheim VIF Alpha Opportunity
|
-
|
-
|
-
|
-
|
(381)
|
(381)
|
|
Guggenheim VIF High Yield
|
-
|
-
|
-
|
-
|
(389)
|
(389)
|
|
Guggenheim VIF Large Cap Value
|
-
|
-
|
-
|
-
|
(565)
|
(565)
|
|
Guggenheim VIF Long Short Equity
|
-
|
(978)
|
(978)
|
-
|
-
|
-
|
|
Guggenheim VIF Managed Asset Allocation
|
408
|
(1,766)
|
(1,358)
|
3,492
|
(6,211)
|
(2,719)
|
|
Guggenheim VIF Small Cap Value
|
-
|
(13)
|
(13)
|
-
|
(700)
|
(700)
|
|
Guggenheim VIF SMid Cap Value
|
-
|
-
|
-
|
-
|
(364)
|
(364)
|
|
Guggenheim VIF StylePlus Large Growth
|
-
|
-
|
-
|
-
|
(386)
|
(386)
|
|
Guggenheim VIF StylePlus Small Growth
|
-
|
-
|
-
|
-
|
(625)
|
(625)
|
|
Guggenheim VIF Total Return Bond
|
-
|
(1,137)
|
(1,137)
|
-
|
-
|
-
|
|
Guggenheim VIF World Equity Income
|
-
|
-
|
-
|
-
|
(352)
|
(352)
|
|
Invesco Oppenheimer V.I. Conservative Balanced Fund
|
182
|
(514)
|
(332)
|
201
|
(1,214)
|
(1,013)
|
|
Invesco Oppenheimer V.I. Main Street Small Cap Fund
|
-
|
-
|
-
|
-
|
(362)
|
(362)
|
|
Invesco V.I. Equity and Income
|
535
|
(1,923)
|
(1,388)
|
3,676
|
(5,583)
|
(1,907)
|
|
Invesco V.I. Global Real Estate
|
-
|
(13)
|
(13)
|
-
|
(13)
|
(13)
|
|
Invesco V.I. Government Money Market(a)
|
-
|
(1,073)
|
(1,073)
|
-
|
(9)
|
(9)
|
|
Invesco V.I. Mid Cap Core Equity
|
-
|
-
|
-
|
-
|
(373)
|
(373)
|
|
Invesco V.I. Value Opportunities
|
-
|
-
|
-
|
-
|
-
|
-
|
|
MFS® VIT Total Return
|
75
|
(71)
|
4
|
73
|
(65)
|
8
|
|
PIMCO VIT All Asset
|
452
|
(1,571)
|
(1,119)
|
3,623
|
(4,818)
|
(1,195)
|
|
PIMCO VIT Low Duration
|
-
|
(1,162)
|
(1,162)
|
-
|
(144)
|
(144)
|
|
PIMCO VIT Real Return
|
-
|
(987)
|
(987)
|
-
|
(80)
|
(80)
|
|
(a) Liquidation. See Note 1.
|
Subaccount
|
Units
|
Unit
Values Lowest ($) (4) |
Unit
Values Highest ($) (4) |
Net
Assets ($) |
Invest-ment
Income Ratios (%) (1) |
Expense
Ratios Lowest (%) (2) |
Expense
Ratios Highest (%) (2) |
Total
Returns Lowest (%) (3)(4) |
Total
Returns Highest (%) (3)(4) |
American Century VP Ultra®
|
|||||||||
2020
|
393
|
44.81
|
44.81
|
17,660
|
-
|
1.95
|
1.95
|
46.63
|
46.63
|
2019
|
393
|
30.56
|
30.56
|
12,043
|
-
|
1.95
|
1.95
|
31.84
|
31.84
|
2018
|
393
|
23.18
|
23.18
|
9,134
|
0.12
|
1.95
|
1.95
|
(1.36)
|
(1.36)
|
2017
|
393
|
23.50
|
23.50
|
9,261
|
0.23
|
1.95
|
1.95
|
29.41
|
29.41
|
2016
|
381
|
18.16
|
18.16
|
6,940
|
0.18
|
1.95
|
1.95
|
2.37
|
2.37
|
American Century VP Value
|
|||||||||
2020
|
328
|
23.13
|
23.13
|
7,555
|
0.02
|
1.95
|
1.95
|
(1.11)
|
(1.11)
|
2019
|
328
|
23.39
|
23.39
|
7,642
|
1.97
|
1.95
|
1.95
|
24.41
|
24.41
|
2018
|
328
|
18.80
|
18.80
|
6,140
|
1.59
|
1.95
|
1.95
|
(11.03)
|
(11.03)
|
2017
|
328
|
21.13
|
21.13
|
6,904
|
1.48
|
1.95
|
1.95
|
6.45
|
6.45
|
2016
|
328
|
19.85
|
19.85
|
6,485
|
1.55
|
1.95
|
1.95
|
17.94
|
17.94
|
Guggenheim VIF All Cap Value
|
|||||||||
2020
|
1,698
|
23.16
|
23.16
|
39,303
|
0.02
|
1.95
|
1.95
|
(0.09)
|
(0.09)
|
2019
|
1,777
|
23.18
|
23.18
|
41,186
|
1.41
|
1.95
|
1.95
|
21.30
|
21.30
|
2018
|
2,221
|
19.11
|
19.11
|
42,419
|
1.18
|
1.95
|
1.95
|
(12.38)
|
(12.38)
|
2017
|
2,353
|
21.81
|
21.81
|
51,305
|
1.06
|
1.95
|
1.95
|
12.54
|
12.54
|
2016
|
2,420
|
19.38
|
19.38
|
46,872
|
1.48
|
1.95
|
1.95
|
20.37
|
20.37
|
Subaccount
|
Units
|
Unit
Values Lowest ($) (4) |
Unit
Values Highest ($) (4) |
Net
Assets ($) |
Invest-ment
Income Ratios (%) (1) |
Expense
Ratios Lowest (%) (2) |
Expense
Ratios Highest (%) (2) |
Total
Returns Lowest (%) (3)(4) |
Total
Returns Highest (%) (3)(4) |
Guggenheim VIF Alpha Opportunity
|
|||||||||
2020
|
333
|
18.81
|
18.81
|
6,253
|
0.01
|
1.95
|
1.95
|
(1.67)
|
(1.67)
|
2019
|
333
|
19.13
|
19.13
|
6,360
|
0.11
|
1.95
|
1.95
|
(4.35)
|
(4.35)
|
2018
|
714
|
20.00
|
20.00
|
14,238
|
-
|
1.95
|
1.95
|
(13.31)
|
(13.31)
|
2017
|
714
|
23.07
|
23.07
|
16,422
|
-
|
1.95
|
1.95
|
5.15
|
5.15
|
2016
|
714
|
21.94
|
21.94
|
15,619
|
-
|
1.95
|
1.95
|
10.58
|
10.58
|
Guggenheim VIF High Yield
|
|||||||||
2020
|
333
|
21.42
|
21.42
|
7,149
|
0.07
|
1.95
|
1.95
|
2.59
|
2.59
|
2019
|
333
|
20.88
|
20.88
|
6,967
|
4.95
|
1.95
|
1.95
|
9.55
|
9.55
|
2018
|
722
|
19.06
|
19.06
|
13,787
|
7.93
|
1.95
|
1.95
|
(6.02)
|
(6.02)
|
2017
|
722
|
20.28
|
20.28
|
14,666
|
5.00
|
1.95
|
1.95
|
4.16
|
4.16
|
2016
|
722
|
19.47
|
19.47
|
14,078
|
8.49
|
1.95
|
1.95
|
15.28
|
15.28
|
Guggenheim VIF Large Cap Value
|
|||||||||
2020
|
-
|
25.72
|
25.72
|
-
|
-
|
1.95
|
1.95
|
0.23
|
0.23
|
2019
|
-
|
25.66
|
25.66
|
-
|
-
|
1.95
|
1.95
|
19.40
|
19.40
|
2018
|
565
|
21.49
|
21.49
|
12,141
|
1.35
|
1.95
|
1.95
|
(11.27)
|
(11.27)
|
2017
|
610
|
24.22
|
24.22
|
14,781
|
1.24
|
1.95
|
1.95
|
13.55
|
13.55
|
2016
|
610
|
21.33
|
21.33
|
13,016
|
1.68
|
1.95
|
1.95
|
19.03
|
19.03
|
Guggenheim VIF Long Short Equity
|
|||||||||
2020
|
65
|
14.35
|
14.35
|
938
|
0.02
|
1.95
|
1.95
|
2.87
|
2.87
|
2019
|
1,043
|
13.95
|
13.95
|
14,557
|
0.57
|
1.95
|
1.95
|
3.49
|
3.49
|
2018
|
1,043
|
13.48
|
13.48
|
14,067
|
-
|
1.95
|
1.95
|
(14.68)
|
(14.68)
|
2017
|
1,043
|
15.80
|
15.80
|
16,480
|
0.35
|
1.95
|
1.95
|
12.62
|
12.62
|
2016
|
1,043
|
14.03
|
14.03
|
14,632
|
-
|
1.95
|
1.95
|
(1.27)
|
(1.27)
|
Guggenheim VIF Managed Asset Allocation
|
|||||||||
2020
|
14,016
|
13.88
|
21.62
|
200,785
|
0.01
|
1.30
|
1.95
|
7.76
|
10.36
|
2019
|
15,374
|
12.88
|
19.59
|
203,317
|
1.71
|
1.30
|
1.95
|
15.10
|
17.80
|
2018
|
18,093
|
11.19
|
16.63
|
211,087
|
1.46
|
1.30
|
1.95
|
(9.76)
|
(7.61)
|
2017
|
18,266
|
12.40
|
18.00
|
235,257
|
1.52
|
1.30
|
1.95
|
9.64
|
12.22
|
2016
|
18,193
|
11.31
|
16.04
|
213,201
|
1.16
|
1.30
|
1.95
|
3.38
|
5.87
|
Subaccount
|
Units
|
Unit
Values Lowest ($) (4) |
Unit
Values Highest ($) (4) |
Net
Assets ($) |
Invest-ment
Income Ratios (%) (1) |
Expense
Ratios Lowest (%) (2) |
Expense
Ratios Highest (%) (2) |
Total
Returns Lowest (%) (3)(4) |
Total
Returns Highest (%) (3)(4) |
Guggenheim VIF Small Cap Value
|
|||||||||
2020
|
834
|
27.79
|
27.79
|
23,210
|
0.01
|
1.95
|
1.95
|
(2.90)
|
(2.90)
|
2019
|
847
|
28.62
|
28.62
|
24,295
|
0.60
|
1.95
|
1.95
|
20.20
|
20.20
|
2018
|
1,547
|
23.81
|
23.81
|
36,880
|
0.37
|
1.95
|
1.95
|
(14.38)
|
(14.38)
|
2017
|
1,562
|
27.81
|
27.81
|
43,468
|
0.37
|
1.95
|
1.95
|
1.68
|
1.68
|
2016
|
1,566
|
27.35
|
27.35
|
42,874
|
0.11
|
1.95
|
1.95
|
24.15
|
24.15
|
Guggenheim VIF SMid Cap Value
|
|||||||||
2020
|
600
|
31.60
|
31.60
|
18,959
|
0.01
|
1.95
|
1.95
|
2.27
|
2.27
|
2019
|
600
|
30.90
|
30.90
|
18,538
|
0.72
|
1.95
|
1.95
|
24.25
|
24.25
|
2018
|
964
|
24.87
|
24.87
|
23,975
|
0.64
|
1.95
|
1.95
|
(14.68)
|
(14.68)
|
2017
|
964
|
29.15
|
29.15
|
28,098
|
0.66
|
1.95
|
1.95
|
11.51
|
11.51
|
2016
|
955
|
26.14
|
26.14
|
24,962
|
0.92
|
1.95
|
1.95
|
24.30
|
24.30
|
Guggenheim VIF StylePlus Large Growth
|
|||||||||
2020
|
-
|
37.40
|
37.40
|
-
|
-
|
1.95
|
1.95
|
35.16
|
35.16
|
2019
|
-
|
27.67
|
27.67
|
-
|
-
|
1.95
|
1.95
|
31.32
|
31.32
|
2018
|
386
|
21.07
|
21.07
|
8,107
|
1.73
|
1.95
|
1.95
|
(5.52)
|
(5.52)
|
2017
|
386
|
22.30
|
22.30
|
8,582
|
0.99
|
1.95
|
1.95
|
27.57
|
27.57
|
2016
|
386
|
17.48
|
17.48
|
6,727
|
0.52
|
1.95
|
1.95
|
6.59
|
6.59
|
Guggenheim VIF StylePlus Small Growth
|
|||||||||
2020
|
-
|
32.51
|
32.51
|
-
|
-
|
1.95
|
1.95
|
29.26
|
29.26
|
2019
|
-
|
25.15
|
25.15
|
-
|
-
|
1.95
|
1.95
|
23.22
|
23.22
|
2018
|
625
|
20.41
|
20.41
|
12,741
|
1.12
|
1.95
|
1.95
|
(12.06)
|
(12.06)
|
2017
|
625
|
23.21
|
23.21
|
14,488
|
0.72
|
1.95
|
1.95
|
20.01
|
20.01
|
2016
|
625
|
19.34
|
19.34
|
12,072
|
0.38
|
1.95
|
1.95
|
11.21
|
11.21
|
Guggenheim VIF Total Return Bond
|
|||||||||
2020
|
412
|
14.22
|
14.22
|
5,845
|
0.03
|
1.95
|
1.95
|
11.97
|
11.97
|
2019
|
1,549
|
12.70
|
12.70
|
19,661
|
2.69
|
1.95
|
1.95
|
2.42
|
2.42
|
2018
|
1,549
|
12.40
|
12.40
|
19,191
|
4.38
|
1.95
|
1.95
|
(0.80)
|
(0.80)
|
2017
|
1,549
|
12.50
|
12.50
|
19,354
|
4.29
|
1.95
|
1.95
|
4.60
|
4.60
|
2016
|
1,549
|
11.95
|
11.95
|
18,494
|
3.99
|
1.95
|
1.95
|
4.73
|
4.73
|
Subaccount
|
Units
|
Unit
Values Lowest ($) (4) |
Unit
Values Highest ($) (4) |
Net
Assets ($) |
Invest-ment
Income Ratios (%) (1) |
Expense
Ratios Lowest (%) (2) |
Expense
Ratios Highest (%) (2) |
Total
Returns Lowest (%) (3)(4) |
Total
Returns Highest (%) (3)(4) |
Guggenheim VIF World Equity Income
|
|||||||||
2020
|
-
|
19.66
|
19.66
|
-
|
-
|
1.95
|
1.95
|
4.57
|
4.57
|
2019
|
-
|
18.80
|
18.80
|
-
|
-
|
1.95
|
1.95
|
19.06
|
19.06
|
2018
|
352
|
15.79
|
15.79
|
5,562
|
2.84
|
1.95
|
1.95
|
(9.98)
|
(9.98)
|
2017
|
384
|
17.54
|
17.54
|
6,744
|
2.77
|
1.95
|
1.95
|
12.80
|
12.80
|
2016
|
384
|
15.55
|
15.55
|
5,978
|
3.06
|
1.95
|
1.95
|
8.21
|
8.21
|
Invesco Oppenheimer V.I. Conservative Balanced Fund
|
|||||||||
2020
|
5,974
|
9.00
|
9.00
|
53,817
|
0.02
|
1.70
|
1.70
|
9.62
|
9.62
|
2019
|
6,306
|
8.21
|
8.21
|
51,845
|
2.37
|
1.70
|
1.70
|
12.16
|
12.16
|
2018
|
7,319
|
7.32
|
7.32
|
53,663
|
2.05
|
1.70
|
1.70
|
(9.74)
|
(9.74)
|
2017
|
7,430
|
8.11
|
8.11
|
60,317
|
1.97
|
1.70
|
1.70
|
4.24
|
4.24
|
2016
|
7,303
|
7.78
|
7.78
|
56,878
|
2.40
|
1.70
|
1.70
|
0.39
|
0.39
|
Invesco Oppenheimer V.I. Main Street Small Cap Fund
|
|||||||||
2020
|
319
|
33.90
|
33.90
|
10,787
|
0.00
|
1.95
|
1.95
|
17.30
|
17.30
|
2019
|
319
|
28.90
|
28.90
|
9,195
|
-
|
1.95
|
1.95
|
23.66
|
23.66
|
2018
|
681
|
23.37
|
23.37
|
15,907
|
0.06
|
1.95
|
1.95
|
(12.27)
|
(12.27)
|
2017
|
719
|
26.64
|
26.64
|
19,151
|
0.64
|
1.95
|
1.95
|
11.70
|
11.70
|
2016
|
719
|
23.85
|
23.85
|
17,145
|
0.24
|
1.95
|
1.95
|
15.38
|
15.38
|
Invesco V.I. Equity and Income
|
|||||||||
2020
|
17,357
|
14.19
|
14.19
|
246,056
|
0.02
|
1.45
|
1.45
|
4.88
|
4.88
|
2019
|
18,745
|
13.53
|
13.53
|
253,463
|
2.40
|
1.45
|
1.45
|
14.76
|
14.76
|
2018
|
20,652
|
11.79
|
11.79
|
243,306
|
2.11
|
1.45
|
1.45
|
(13.69)
|
(13.69)
|
2017
|
20,793
|
13.66
|
13.66
|
283,782
|
1.46
|
1.45
|
1.45
|
5.97
|
5.97
|
2016
|
20,694
|
12.89
|
12.89
|
266,578
|
1.59
|
1.45
|
1.45
|
9.80
|
9.80
|
Invesco V.I. Global Real Estate
|
|||||||||
2020
|
225
|
18.45
|
18.45
|
4,158
|
0.05
|
1.95
|
1.95
|
(14.03)
|
(14.03)
|
2019
|
238
|
21.46
|
21.46
|
5,125
|
4.86
|
1.95
|
1.95
|
20.63
|
20.63
|
2018
|
251
|
17.79
|
17.79
|
4,468
|
3.96
|
1.95
|
1.95
|
(8.01)
|
(8.01)
|
2017
|
265
|
19.34
|
19.34
|
5,126
|
2.09
|
1.95
|
1.95
|
10.83
|
10.83
|
2016
|
615
|
17.45
|
17.45
|
10,741
|
1.64
|
1.95
|
1.95
|
0.06
|
0.06
|
Subaccount
|
Units
|
Unit
Values Lowest ($) (4) |
Unit
Values Highest ($) (4) |
Net
Assets ($) |
Invest-ment
Income Ratios (%) (1) |
Expense
Ratios Lowest (%) (2) |
Expense
Ratios Highest (%) (2) |
Total
Returns Lowest (%) (3)(4) |
Total
Returns Highest (%) (3)(4) |
Invesco V.I. Government Money Market (a)
|
|||||||||
2020
|
147
|
8.47
|
9.44
|
1,388
|
0.00
|
1.30
|
1.95
|
(3.97)
|
(1.77)
|
2019
|
1,220
|
8.82
|
9.61
|
11,724
|
1.64
|
1.30
|
1.95
|
(2.65)
|
(0.31)
|
2018
|
1,229
|
9.06
|
9.64
|
11,857
|
1.28
|
1.30
|
1.95
|
(3.00)
|
(0.72)
|
2017
|
1,239
|
9.34
|
9.71
|
12,033
|
0.31
|
1.30
|
1.95
|
(3.91)
|
(1.62)
|
2016
|
1,239
|
9.72
|
9.87
|
12,235
|
0.05
|
1.30
|
1.95
|
(2.80)
|
(1.30)
|
Invesco V.I. Mid Cap Core Equity
|
|||||||||
2020
|
324
|
22.57
|
22.57
|
7,294
|
0.00
|
1.95
|
1.95
|
6.81
|
6.81
|
2019
|
324
|
21.13
|
21.13
|
6,829
|
0.15
|
1.95
|
1.95
|
22.63
|
22.63
|
2018
|
697
|
17.23
|
17.23
|
11,995
|
0.12
|
1.95
|
1.95
|
(13.37)
|
(13.37)
|
2017
|
697
|
19.89
|
19.89
|
13,840
|
0.32
|
1.95
|
1.95
|
12.44
|
12.44
|
2016
|
697
|
17.69
|
17.69
|
12,310
|
-
|
1.95
|
1.95
|
10.98
|
10.98
|
Invesco V.I. Value Opportunities
|
|||||||||
2020
|
323
|
16.38
|
16.38
|
5,317
|
0.00
|
1.95
|
1.95
|
3.28
|
3.28
|
2019
|
323
|
15.86
|
15.86
|
5,149
|
-
|
1.95
|
1.95
|
27.59
|
27.59
|
2018
|
323
|
12.43
|
12.43
|
4,035
|
-
|
1.95
|
1.95
|
(20.93)
|
(20.93)
|
2017
|
323
|
15.72
|
15.72
|
5,103
|
0.02
|
1.95
|
1.95
|
14.91
|
14.91
|
2016
|
323
|
13.68
|
13.68
|
4,440
|
0.07
|
1.95
|
1.95
|
15.64
|
15.64
|
MFS® VIT Total Return
|
|||||||||
2020
|
2,461
|
13.42
|
13.42
|
33,025
|
0.02
|
1.30
|
1.30
|
4.84
|
4.84
|
2019
|
2,457
|
12.80
|
12.80
|
31,441
|
2.17
|
1.30
|
1.30
|
15.11
|
15.11
|
2018
|
2,449
|
11.12
|
11.12
|
27,233
|
2.03
|
1.30
|
1.30
|
(9.89)
|
(9.89)
|
2017
|
2,443
|
12.34
|
12.34
|
30,140
|
2.19
|
1.30
|
1.30
|
7.30
|
7.30
|
2016
|
2,434
|
11.50
|
11.50
|
27,977
|
2.70
|
1.30
|
1.30
|
4.26
|
4.26
|
(a) Liquidation. See Note 1.
|
Subaccount
|
Units
|
Unit
Values Lowest ($) (4) |
Unit
Values Highest ($) (4) |
Net
Assets ($) |
Invest-ment
Income Ratios (%) (1) |
Expense
Ratios Lowest (%) (2) |
Expense
Ratios Highest (%) (2) |
Total
Returns Lowest (%) (3)(4) |
Total
Returns Highest (%) (3)(4) |
PIMCO VIT All Asset
|
|||||||||
2020
|
15,244
|
10.82
|
16.76
|
168,299
|
0.05
|
1.30
|
1.95
|
3.44
|
5.87
|
2019
|
16,363
|
10.46
|
15.83
|
174,351
|
3.02
|
1.30
|
1.95
|
7.17
|
9.78
|
2018
|
17,558
|
9.76
|
14.42
|
174,271
|
3.25
|
1.30
|
1.95
|
(9.38)
|
(7.27)
|
2017
|
17,621
|
10.77
|
15.55
|
192,977
|
4.74
|
1.30
|
1.95
|
8.68
|
11.31
|
2016
|
17,613
|
9.91
|
13.97
|
177,274
|
2.63
|
1.30
|
1.95
|
8.19
|
10.70
|
PIMCO VIT Low Duration
|
|||||||||
2020
|
2,718
|
11.64
|
11.64
|
31,633
|
0.01
|
1.95
|
1.95
|
0.95
|
0.95
|
2019
|
3,880
|
11.53
|
11.53
|
44,719
|
2.82
|
1.95
|
1.95
|
2.04
|
2.04
|
2018
|
4,024
|
11.30
|
11.30
|
45,470
|
1.92
|
1.95
|
1.95
|
(1.65)
|
(1.65)
|
2017
|
4,264
|
11.49
|
11.49
|
48,966
|
1.36
|
1.95
|
1.95
|
(0.61)
|
(0.61)
|
2016
|
4,420
|
11.56
|
11.56
|
51,073
|
1.49
|
1.95
|
1.95
|
(0.60)
|
(0.60)
|
PIMCO VIT Real Return
|
|||||||||
2020
|
2,056
|
14.43
|
14.43
|
29,559
|
0.02
|
1.95
|
1.95
|
9.48
|
9.48
|
2019
|
3,043
|
13.18
|
13.18
|
39,993
|
1.70
|
1.95
|
1.95
|
6.38
|
6.38
|
2018
|
3,123
|
12.39
|
12.39
|
38,607
|
2.47
|
1.95
|
1.95
|
(4.18)
|
(4.18)
|
2017
|
3,278
|
12.93
|
12.93
|
42,270
|
2.40
|
1.95
|
1.95
|
1.65
|
1.65
|
2016
|
3,340
|
12.72
|
12.72
|
42,374
|
2.26
|
1.95
|
1.95
|
3.16
|
3.16
|