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Should You Buy an Annuity While You Have Social Security? Here’s What Experts Say.

David Byrnes, Head of Distribution, lent his expertise in annuities for a GOBankingRates article. 
Shared via GOBankingRates . September 15, 2025

When it comes to guaranteed income in retirement, many people may have questions about the purpose of annuities versus Social Security. Dave Brynes spoke with GOBankingRates about the benefits of annuities.

“A key difference is that with annuities, you can also use the products to accumulate wealth as you save for retirement,” Byrnes said. “Fixed index annuities, for example, offer a variety of index accounts that allow savers to earn interest credits based on the performance of financial markets,” he added. “You don’t have actual exposure to market volatility, interest is earned tax-deferred and principal is guaranteed.”

Read the full GOBankingRates article.

Annuities are issued by Security Benefit Life Insurance Company in all states except New York.

Guarantees provided by annuities are subject to the financial strength of the issuing insurance company. Annuities are not FDIC or NCUA/NCUSIF insured; are not obligations or deposits of and are not guaranteed or underwritten by any bank, savings and loan, or credit union or its affiliates; and are unrelated to and not a condition of the provision or term of any banking service or activity. 
 

Fixed index annuities are not stock market investments and do not directly participate in any equity, bond, other security, or commodities investments. Neither an index nor any fixed index annuity is comparable to a direct investment in the equity, bond, other security, or commodities markets. Unless otherwise indicated, the index's performance does not include dividends.

Indices do not include dividends paid on the underlying stocks and therefore do not reflect the total return of the underlying stocks. 

Neither an index nor any fixed index annuity is comparable to a direct investment in the equity, bond, other security, or commodities markets.

SB-10072-06 | 2025-08-26