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Advanced Choice Fixed Annuity

 

App Builder

 

Advanced Choice is a single premium deferred annuity with a Market Value Adjustment (MVA) issued by Security Benefit Life Insurance Company (SBL). Advanced Choice may be purchased as an IRA, Roth IRA, 403(b) rollover, or non-qualified contract.

 

This product may be well suited for clients who have a sum of money that they do not want to place in the market - and yet want it to grow with a competitive interest rate - and who do not need access to such funds for the term of the Guarantee Period.

 

Product not available in New York.

 

Some highlights of the Advanced Choice product:

  • Guaranteed minimum interest rates.
  • Interest that compounds tax-free until withdrawal.1,2
  • The ability to access a portion of your funds without penalty, if desired.1,2
  • Access to funds, free of surrender charges, that earn tax-deferred interest.1,2
  • The ability to select a guaranteed stream of income.
  • The ability to access some or all of your money in a health emergency.1,3

 

If some or all of these features look attractive, the Advanced Choice Fixed Annuity may be right for your clients.

 

Calculator

Calculator Find out how the Advanced Choice product would work for you by checking out our calculator. Simply input a client scenario and see your answers immediately.

 

Resource Materials

1 Withdrawals are subject to ordinary income tax and, if made before age 59½, may be subject to a 10% penalty tax.

 

2 Each Guarantee Period, has its own surrender charge schedule. Early withdrawals in excess of the free withdrawal amount are subject to a surrender charge unless the withdrawal is pursuant to the Nursing Home or Terminal Illness Waiver.

 

3 A request to waive surrender charges must be made on forms provided by SBL and must be accompanied by a physician's statement. Refer to the contract for details. Not available in all states.

 

Financial Professional Use Only

 

The Security Benefit Advanced Choice Annuity, form ICC13 5200 (9-13) and 5200 (9-13), a single premium deferred annuity, is issued by Security Benefit Life Insurance Company.  Product features, limitations and availability vary by state.

 

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; are unrelated and not a condition of the provision or term of any banking service or activity.

Advanced Choice
Annuity

Current Rates

Effective: November 20, 2017

 


All guarantee periods are rate-to-term.

 

3 year rate: 1.90%

 

5 year rate: 2.60%

 

7 year rate: 2.30%

 


Guaranteed Minimum Interest Rate: 1.00%

 


View the complete rate sheet. (PDF)

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