At a glance
The Secure Income Annuity, a flexible premium deferred fixed index annuity issued by Security Benefit Life Insurance Company, can be a sensible part of your retirement savings plan.
Secure Income Annuity offers a combination of contract guarantees, bonus, flexible interest choices and withdrawal options.
The Secure Income Annuity is not currently available for sale for new contracts.
Secure Income Annuity offers:
- Up to 8% bonus1 (vesting schedule applies)
- 10% free annual withdrawals (not available until beginning of second contract year)
- Guaranteed Minimum Interest Rate for the Fixed Account
- Multiple interest-crediting options
- Nursing Home Waiver2
- Terminal Illness Waiver2
Plus, the optional GLWB Rider provides:
- 7.5% annual Roll-up to the Benefit Base3
- Guaranteed Lifetime Annual Income
- Competitive Payout Factors
- Single or Joint payout
- Home Healthcare Doubler4
For more information about Secure Income Annuity speak with your financial professional.
1In AK, IN, ME, MN, MO, NH, NJ, NV, OH, OR, PA, SC, TX, UT and WA, the bonus is 5.5%; in CA the bonus is 7%; in CT and DE, the bonus is 2%.
2Availability varies by state.
3For the first 10 Contract Years, as long as Lifetime Annual Income is not taken and the Owner has not reached age 85, the Benefit Base increases by at least 7.5% on each Contract Anniversary.
4If the Covered Person (or if applicable, the Joint Covered Person) becomes unable to perform at least two of the six basic activities of daily living, the GLWB Home Healthcare Doubler doubles the Lifetime Withdrawal Rate for up to five years, without affecting the Lifetime Annual Income after the 5 year period. After the 5 year period, the Lifetime Withdrawal Rate used to calculate Lifetime Annual Income will revert to the original Lifetime Withdrawal Rate. The Home Healthcare Doubler requires annual recertification, and may only be applied for once.