Foundations Annuity

At a glance

Product name: Foundations Annuity
Product type
Fixed Index Annuity
Minimum purchase
$25,000
Account type(s):
403(b)
IRA
Non-qualified
Roth 403(b)
Roth IRA
SEP IRA
Cost
N/A
Surrender charges
5-year; 7-year
Strategy
7 Index Accounts + Fixed Account
Product not available in New York.

Being close to or in retirement may not be the time to take risks with your retirement savings, but that doesn't mean you have to sacrifice accumulation for safety.

Key features
  • Tax-deferred growth based on eight different crediting accounts
  • Safety of principal
  • Income you can't outlive

The Foundations Annuity, a fixed index annuity issued by Security Benefit Life Insurance Company, can help increase your retirement savings without investing in the stock market. You can receive interest credits based on a portion of the increase of a financial market index, but are guaranteed never to lose money due to market loss.


Foundations Overview

 

See how the Foundations Annuity works to preserve your principal while allowing for accumulation.

 

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).

S&P 500®Factor Rotator Daily RC2 7% Index Account

 

Find out how interest is credited in this uncapped strategy designed to select the performing of five factor indices in a single Index - including a low volatility factor.

 

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.

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).

 

S&P 500® Annual Average Index Account

 

This video shares how interest is calculated based on the average of the monthly ending values of the S&P 500® Index Value and is compared to the Index Value on the previous contract anniversary.

 

Learn more about the benefits of the Foundations Annuity

Talk to your financial professional to find out whether a Foundations Annuity can complement your retirement portfolio.

Rates
Effective Date: 10/18/2021
Index Accounts with Caps 5-yr Cap 7-yr Cap
S&P 500® Annual Point to Point 4.50% 4.75%
S&P 500® Monthly Sum 1.75% 1.90%
S&P 500® Annual Average 4.50% 5.00%
Index Accounts with Spreads 5-yr Spread 7-yr Spread
S&P 500® Low Volatility Daily Risk Control 5% Annual Point to Point 2.00% 1.50%
S&P 500® Low Volatility Daily Risk Control 5% 2-Year Point to Point 1.00% 0.50%
Index Accounts with Participation Rates 5-yr Par Rate 7-yr Par Rate
S&P 500® Factor Rotator Daily RC2 7% Annual Point to Point Index 55% 57%
S&P 500® Factor Rotator Daily RC2 7% 2-Year Point to Point Index 75% 77%
Fixed Account 5-yr Rate 7-yr Rate
Current Interest Rate 1.90% 2.00%
Guaranteed Minimum Interest Rate 1.00% 1.00%

Security Benefit Corporation and its affiliates are not a fiduciaries and the information provided is not intended to be investment advice. This information is general in nature and intended for use with the general public. For additional information, including any specific advice or recommendations, please visit with your financial professional.

The Security Benefit Foundations Annuity (form 5800 (11-10) and ICC10 5800 (11-10)), a fixed index flexible premium deferred annuity is issued by Security Benefit Life Insurance Company. Product features, limitations and availability may vary by state. In Idaho, Foundations is issued on form ICC10 5800 (11-10).

Product features vary by state, including but not limited to the Surrender Charge rates, Surrender Charge period and applicability of the Market Value Adjustment.

Bonus annuities may include changes to the elements used to determine the index interest credits or changes to the interest rate that are not included in similar annuities without a bonus. These changes may include lower current interest rates, higher surrender charges, longer surrender charge periods, lower participation rates or caps, higher spreads, or other changes. The amount of charges or reduction in interest credits may exceed the amount of the bonus.

Fixed index annuities are not stock market investments and do not directly participate in any equity, bond, other security, or commodities investments. 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.

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-10001-91 |  Rev 2021/08/09