Quarterly SEC Standardized Performance for: 03/31/2021

Past performance does not guarantee future results. Annualized total returns reflect the change in unit price, the reinvestment of all dividends and capital gains, and the effects of compounding. Since performance varies, the annualized total return, which assumes a steady rate of growth, differs from the subaccount's actual total return for the time period indicated. These returns reflect all recurring fees that are charged to contract owners and represent past performance. Both the investment return and the principal value of an investment fluctuate so that units, when redeemed, may be worth more or less than the original investment. Current performance may be lower or higher than the performance data quoted.

Note: The separate account was established on October 31, 2002.

These returns do not include the annual administrative charge of $30 deducted from any W-BC-FPVA(05) contract if (a) the Accumulated Value of the Contract on the Contract Anniversary is less than $15,000, (b) the sum of premiums paid on, less all surrenders made from, the Contract is less than $15,000, and (c) the sum of premiums paid, less all surrenders made during the Contract Year just ended is less than $2,400. Inclusion of the administrative charge would reduce the total return figures shown. These figures do not include the cost of optional living or death benefits. Inclusion of the cost of additional benefits would reduce the total return figures shown. Periods less than one year are not annualized. Subaccount total return calculations assume an initial investment of $10,000. At various times, the adviser has contractually or voluntarily reimbursed Portfolio expenses. Had the adviser not done so, the total returns would have been lower. This reimbursement of expenses may be discontinued at any time. See the Variable Series Fund, Inc. prospectus for more information. Call 800-THRIVENT or visit www.thrivent.com for more current performance results.

Variable insurance products, where available, are offered and underwritten by Thrivent Financial for Lutherans, Appleton, WI, 54919-0001, and distributed by Thrivent Investment Management Inc., 600 Portland Avenue S., Suite 100, Minneapolis, MN 55415-4402, (1-800-THRIVENT; 1-800-847-4836), a wholly owned subsidiary of Thrivent Financial for Lutherans. Member FINRA. Member SIPC.

Investing in a variable annuity contract involves risk, including the possible loss of principal. More complete information on the investment objectives, risks, charges and expenses of the variable annuity contract and underlying investment options is included in the prospectus, which investors should read and consider carefully before investing. Prospectuses are available from a Thrivent Financial representative or at www.thrivent.com.

Non-standardized. Annualized total returns are based on the change in unit values at the subaccount level for the time period mentioned. Expenses included are the current mortality and expense risk charge of 1.25% and applicable annual operating Portfolio expenses ranging from [0.36% to 1.50%]. (The maximum annual operating expenses would be 0.36% to 1.80% without reimbursement.) Standardized calculation was used; however, neither annual administrative charges or surrender charges have been included. If they had been included, the quoted performance would have been lower.

* Standardized. "If surrendered" values reflect surrender charges applied during the first seven years. These charges are 7 percent in the first contract year, and decrease by 1 percent each subsequent year until they are zero. Up to 10% of your accumulated value may be withdrawn each contract year without a surrender charge and is reflected in the calculation of performance. Expenses that were included are the maximum mortality and expense risk charge of 1.25% and net annual Portfolio operating expenses ranging from 0.42% to 2.67%. (The maximum annual Portfolio operating expenses would be 0.42% to 2.67% without reimbursement.) Annual expenses are subject to change.