Total Value Annuity

At a glance

Product name: Total Value Annuity
Product type
Fixed Index Annuity
Account type(s):
Roth IRA
Surrender charges
Multiple Index interest crediting options plus Fixed Account
Optional rider(s):
The optional riders are not currently available for sale for new contracts.
GLWB Income Rider: 0.95%, GMDB Death Benefit Rider: 0.95%

The Total Value 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.

Key features

With the Total Value Annuity, you can protect a portion of your retirement savings and receive interest on those savings. Through optional riders it can also provide guaranteed income for life or provide for others upon your death.

The Total Value Annuity offers a combination of contract guarantees, bonus, flexible interest choices and withdrawal options:

  • 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

The optional GLWB (Income) Rider provides (Not currently available for sale for new contracts) : 

  • Up to 8% bonus1 (vesting schedule applies)
  • 4% Stacking Roll-up to the Benefit Base 
  • Competitive Payout Factors 
  • Guaranteed Annual Income 
  • Single or Joint payout 
  • Home Healthcare Doubler2

The optional GMDB (Death Benefit) Rider provides (Not currently available for sale for new contracts) : 

  • Up to 8% bonus1 (vesting schedule applies) 
  • 4% Stacking Roll-up to the Benefit Base 
  • Up to 300% Death Benefit Cap (200% for contracts issued in NJ)
  • RMD friendly 

The GLWB Rider and GMDB Rider cannot be purchased together.

For more information about Total Value Annuity speak with your financial professional.

1The bonus is 8% in most states (if you are age 76 or over and purchase the GMDB Rider, the bonus is reduced by 2%). In AK, CA, ID, IN, ME, MN, MO, NH, NJ, NV, OH, OK, OR, PA, SC, TX, UT and WA, the bonus is 6% (the GMDB Rider is not available in CA); in FL, the bonus is 7%; in CT and DE, the bonus is 2% (and does not increase if a rider is purchased).
2Availability varies by state.

The Security Benefit Total Value Annuity, a fixed index flexible premium deferred annuity contract, form 5700 (3-12) and ICC12 5700 (3-12), the Guaranteed Lifetime Withdrawal Benefit Rider, form 5720 (3-12) and ICC12 5720 (3-12), and the Guaranteed Minimum Death Benefit Rider, form 5721 (3-12), optional riders available for purchase with the Security Benefit Total Value Annuity and for which an annual charge applies, are issued by Security Benefit Life Insurance Company (SBL). Product features, limitations and availability vary by state. Guarantees are subject to SBL's financial strength.

Security Benefit Life Insurance Company is not a fiduciary 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.

Security Benefit refers to Security Benefit Life Insurance Company (SBL).

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. 

Fixed index annuities are not stock market investments and do not directly participate in any equity, bond, other security, or commodities investments. Neither an index nor any fixed index annuity is comparable to a direct investment in the equity, bond, other security, or commodities markets.

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.

IM-50000-06 | Rev 2020/10/02