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Security Benefit RateTrack Annuity

RateTrack Fixed Annuity – A Floating Rate Annuity

 

The Security Benefit RateTrack Annuity, a new concept in fixed annuities, offers a floating rate of interest that allows your clients to benefit if interest rates rise during the Guarantee Period of their contracts.

 

Not available in New York.

 

 RateTrack1

 

What is RateTrack Annuity? (video)
A brief video that quickly explains this innovative concept in fixed annuities.

 

 RateTrack2

 

Why LIBOR? (video)
This brief video provides information on the LIBOR rate and why it’s used in a fixed annuity.

 

 

 RateTrack 3

 

A Bond Alternative (video)

This brief video explains how RateTrack Annuity may be a good alternative to current bond funds in a rising interest rate environment.

 

 

LIBOR

3 Month ICE LIBOR USD Historical Rates

View an interactive graph of the 3 Month ICE LIBOR USD historical rates as well as the previous day’s rate.

 

Application

 

App Builder

Use our App Builder to select your product and appropriate state information to download or email application kits.

 

Some highlights of the RateTrack Annuity:

  • Unique interest crediting structure – Guarantee Period Base Rate (set at issue for the length of the Guarantee Period) + the 3 Month ICE LIBOR USD1 (reset annually on contract anniversary) = Total Credited Interest Rate
  • 5 or 7 year Guarantee Period options
  • $10,000 minimum (single premium)
  • 10% Free withdrawals each year
  • Nursing Home/Terminal Illness Waivers2
  • Death Benefit (Account Value)

 

Resource Materials

Rising Rates Are Picking up Steam: Are You Prepared? (PDF)

Product Brochure (PDF)

Rate Sheet (PDF)

What is RateTrack Annuity? (video)

Why LIBOR? (video)

A Bond Alternative (video)

What is the RateTrack Annuity? (PDF)

LIBOR Perspective (PDF)

A Bond Fund Alternative (PDF)

Fact Sheet (PDF)

Forms

Order Materials

State Variations

1 Up to a cap

2 Not available in CA; Nursing Home Waiver not available in MA; Terminal Illness Waiver not available in NJ

 

FINANCIAL PROFESSIONAL USE ONLY - NOT FOR USE WITH CONSUMERS

 

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.

 

The Security Benefit RateTrack Annuity, form ICC15 5300 (12-15) and 5300 (12-15), a single premium deferred fixed annuity, is issued by Security Benefit Life Insurance Company. Product features, limitations and availability vary by state.

 

ICE BENCHMARK ADMINISTRATION LIMITED MAKES NO WARRANTY, EXPRESS OR IMPLIED, EITHER AS TO THE RESULTS TO BE OBTAINED FROM THE USE OF ICE LIBOR AND/OR THE FIGURE AT WHICH ICE LIBOR STANDS AT ANY PARTICULAR TIME ON ANY PARTICULAR DAY OR OTHERWISE.

 

ICE BENCHMARK ADMINISTRATION LIMITED MAKES NO EXPRESS OR IMPLIED WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE FOR USE WITH RESPECT TO SECURITY BENEFIT RATETRACK ANNUITY.

Security Benefit
RateTrack Annuity

Current Rates

 

Effective: June 19, 2017

 


5 Year Option:

 

Guarantee Period Base Rate:

1.20%

 

3 Month ICE LIBOR USD Rate:

1.23%

 

Total Credited Interest Rate
(1st Year):

2.43%

(Guarantee Period Base Rate + 3 Month ICE LIBOR USD Rate)

 

Based on 3 Month ICE LIBOR USD caps indicated below, the total credited interest rate will not exceed:

5.20%

 

3 Month ICE LIBOR USD Cap:

4.00%

 


7 Year Option:

 

Guarantee Period Base Rate:

1.40%

 

3 Month ICE LIBOR USD Rate:

1.23%

 

Total Credited Interest Rate
(1st Year):

2.63%

(Guarantee Period Base Rate + 3 Month ICE LIBOR USD Rate)

 

Based on 3 Month ICE LIBOR USD caps indicated below, the total credited interest rate will not exceed:

5.40%

 

3 Month ICE LIBOR USD Cap:

4.00%

 


Guaranteed Minimum Interest Rate: 1.00%

 


View the complete rate sheet. (PDF)

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