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Security Benefit Choice Annuity

Guaranteed 5 year interest rate on the Choice Fixed Annuity


Product not available in New York.


With the 5 year option on the Security Benefit Choice Annuity (Choice), you can enjoy a competitive rate with the flexibility of a shorter commitment.


Want even more options and flexibility?

There is also a 7 year option that includes 1 year, 3 year and 7 year special rates.


Here's what you get with the Choice product:

  • Guaranteed return of principal.1
  • Guaranteed minimum interest rate.
  • Interest that compound tax-free until withdrawal.2,3
  • The ability to access a portion of your funds without penalty, if desired.2,3
  • Access to funds, free of surrender charges, that earn tax-deferred interest.2,3
  • The ability to select a guaranteed stream of income.
  • The ability to access some or all of your money in a health emergency.2,4
  • Easy options for adding to and structuring your contract.3,5


If some or all of these aspects look attractive, the Choice Fixed Annuity may be right for you.


Helpful Resources


1 Principal, less any premium tax due or paid, is guaranteed by Security Benefit Life insurance Company (SBL). Guarantees are subject to SBL's financial strength.


2 Withdrawals are subject to ordinary income tax and, if made before age 59½, may be subject to a 10% penalty tax.


3 Each guarantee period, other than the One-Year Renewal guarantee period, has its own surrender charge schedule. Early withdrawals in excess of the free withdrawal amount are subject to a surrender charge unless the withdrawal is pursuant to the Nursing Home or Terminal Illness Waiver.


4 A request to waive surrender charges must be made on forms provided by SBL and must be accompanied by a physician's statement. Refer to the contract for details. Not available in all states.


5 In some states, no purchase payments may be made after a specified age, typically 84 or 85. Speak to your agent or financial advisor for details.

The Security Benefit Choice Annuity (Form 4585) is a flexible purchase payment deferred annuity issued by Security Benefit Life Insurance Company (SBL). Not available in all states. The guarantees provided by the Security Benefit Choice Annuity, including the guaranteed minimum interest rate, are subject to SBL's financial strength.


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.


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Security Benefit
Choice Annuity

Current Rates

Effective: August 14, 2017


5 Year Option:


5 year rate*: 1.50%

Years 1-5. (Rate for Term)


7 Year Option:


1 year rate: 2.00%*

Annual renewal rate applies in years 2-7.
*Reflects a 1.00% bonus in year 1.


3 year rate: 2.00%*

Annual renewal rate applies in years 4-7.
*Reflects a 1.00% bonus in year 1. 1.00% years 2-3.


7 year rate: 1.40%

Years 1-7. (Rate for Term)


Guaranteed Minimum Interest Rate: 1.00%


View the complete rate sheet. (PDF)