At a glance
Do you want to avoid all market risk in your retirement plan?
- Consistent method for increasing assets for retirement without market participation
- Payroll deferral through your employer's 403(b) plan or automatic drafts from your bank account or an IRA
- 403(b) contributions tax deferred
- Annual contribution limits set through IRA
- Additional bonus rate to help you begin your contract1
- Age 50+ Catch-up provision
The Total Interest Annuity can help to build your savings so that your retirement plans won't be undone by a volatile market. It allows you to avoid the potential pitfalls of the markets by placing a portion of your retirement savings into an annuity that is separate from traditional retirement assets that fluctuate as financial markets shift.
In addition to the guaranteed principal, we also offer two riders:
1. Surrender Charge Waiver for Early Retirement Rider (available only for 403(b) or Roth 403(b) contracts; not available in CT, MD, MA, TX, or WA)
If you meet the following qualifications, you can take withdrawals from your contract without a surrender charge:
- Minimum of 5 years in the contract
- At least 55 years old
- Separated from service at or after age 55
2. Return of Purchase Payments Guarantee Rider (not available in TX, VT, or WA)
- Guarantees that the Cash Surrender Value of the contract will never be below the Purchase Payments made (less any previous withdrawals, premium tax due or paid, and rider charges deducted)
- Provides ability to withdraw in full all of your Purchase Payments2
Talk to your financial professional to see whether a Security Benefit Total Interest Annuity can complement your retirement portfolio.
1The bonus rate is an additional interest rate applied to all contributions received within the first year of your annuity and is only credited for one year for each purchase. In lieu of the bonus rate for TX contracts, the first year current interest rate will include additional guaranteed interest equivalent to the current bonus rate.
2If the applicable surrender charge is greater than the interest you've earned, no interest will be paid. If the interest earned is greater than the applicable surrender charge, you will receive the interest due after payment of the surrender charge.