ClearLine Annuity

At a glance

Product name: ClearLine Annuity
Product type
Fixed Index Annuity
Minimum purchase
$25,000
Account type(s):
403(b)
IRA
Non-qualified
Roth IRA
SEP IRA
Surrender charges
7-year
Strategy
3 Index Accounts + Fixed Account (MVA may apply)
Optional rider(s):
Rising Income Rider: 0.50%
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Nearing or being in retirement is not the time to risk your clients' savings.

Key features
  • Offered exclusively to consumers who use fee-based advisers through membership with DPL Financial Partners
  • Some market participation, no market downside
  • Optional Rising Income Rider for increasing lifetime income
  • Income Power option for non-qualified contracts

Being close to or in retirement may not be the time for your clients to take risks with their retirement savings. But, that doesn't mean they have to sacrifice growth for safety. ClearLine Annuity can help grow your clients’ retirement savings without investing in the stock market. Your clients can receive interest credits based on a portion of the increase of a financial market index, but are guaranteed to never lose money due to market loss.

And, with the optional Rising Income Rider, your clients are guaranteed retirement income payments that may increase every year — for life.

 

Contact DPL at 888.327.0049 to see how ClearLine can help your clients.


 

PRODUCT VIDEOS

ClearLine Income Power

 

With the Income Power Election Under the ClearLine Annuity’s Rising Income Rider, an exclusion ratio could potentially reduce your upfront taxes on income.

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S&P 500® Low Volatility Daily Risk Control 5% Index Account

 

Find out how interest is credited using this uncapped strategy designed to manage market volatility (an annual spread applies).

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S&P 500® Annual Point to Point Index Account

 

Learn how we credit interest based on the percentage change in the index from one contract anniversary to the next.

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S&P 500® Monthly Sum Index Account

 

Find out how interest is calculated based on the sum of the monthly changes from the S&P 500® index value from the previous year (a cap applies to each positive monthly change, but not to negative changes).

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Rates
Effective Date: 07/26/2021
Index Accounts: Purchase Payment less than $500,000 Cap Spread/Participation Rate
S&P 500® Annual Point to Point 5.50% -
S&P 500® Monthly Sum 2.50% -
S&P 500® Low Volatility Daily Risk Control 5% Annual Point to Point - 0.50% / 100%
Fixed Account: Purchase Payment less than $500,000 Current Interest Rate
2.35%
Index Accounts: Purchase Payment $500,000 or greater Cap
S&P 500® Annual Point to Point 5.75% -
S&P 500® Monthly Sum 2.60% -
SP 500® Low Volatility Daily Risk Control 5% Annual Point to Point Monthly Sum - 0.30% / 100%
Fixed Account: Purchase Payment $500,000 or greater Current Interest Rate
2.45%
Fixed Account Guaranteed Minimum Interest Rate 1.00% -

FINANCIAL PROFESSIONAL USE ONLY — NOT FOR USE WITH CONSUMERS

The ClearLine Annuity, in most states form ICC18 5500 (9-18), a single premium, deferred fixed index annuity contract and the Rising Income Rider, in most states form ICC18 5520 (9-18), an optional rider available for purchase with the ClearLine Annuity and for which an annual charge applies, are issued by Security Benefit Life Insurance Company (SBL). Product features, limitations, and availability may vary by state. Not available in all states. Not a deposit. Not insured by any federal agency.

In Idaho, ClearLine is issued on contract form ICC18 5500 (9-18) and the Rising Income Rider is issued on form ICC18 5520 (9-18).

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.

“S&P 500® Index,” “S&P 500® Low Volatility Daily Risk Control 5% Index,” and the “S&P 500® Factor Rotator Daily RC2 7% Index,” are products of S&P Dow Jones Indices LLC, a division of S&P Global, or its affiliates (SPDJI) and Standard & Poor’s Financial Services LLC, and have been licensed for use by Security Benefit Life Insurance Company (SBL). Standard & Poor’s® and S&P® are registered trademarks of Standard & Poor’s Financial Services LLC, a division of S&P Global (S&P); Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC (Dow Jones); third party licensor trademarks are trademarks of Standard & Poor’s Financial Services LLC and these trademarks have been licensed for use by SPDJI and sublicensed for certain purposes by SBL. SBL’s Foundations Annuity is not sponsored, endorsed, sold, or promoted by SPDJI, Dow Jones, S&P, their respective affiliates, or Standard & Poor’s Financial Services LLC, and none of such parties make any representation regarding the advisability of investing in such product nor do they have any liability for any errors, omissions, or interruptions of the S&P 500® Index, S&P 500® Low Volatility Daily Risk Control 5% Index, or the S&P 500® Factor Rotator Daily RC2 7% Index.

SB-10002-03 | Rev 2020/10/02