Top Banner Individuals

Security Benefit RateTrack Annuity

RateTrack Fixed Annuity – A Floating Rate Annuity

 

We have pioneered a new concept in fixed annuities, the Security Benefit RateTrack Annuity. Designed to offer a floating rate of interest, the RateTrack Annuity allows you to benefit if interest rates rise during the Guarantee Period of your contract.

 

Not available in New York.

 

Why RateTrack Annuity?

What is RateTrack Annuity? (video)
A brief video that quickly explains this innovative concept in fixed annuities.

 

 

Why LIBOR?

Why LIBOR? (video)
This brief video provides information on the LIBOR rate and why it’s used in a fixed annuity.

 

 

A Bond Alternative

A Bond Alternative (video)

This brief video explains how RateTrack Annuity may be a good alternative to current bond funds in a rising interest rate environment.

 

 

LIBOR

3 Month ICE LIBOR USD Historical Rates

View an interactive graph of the 3 Month ICE LIBOR USD historical rates as well as the previous day’s rate.

 

 

How have you positioned your money in a rising rate environment?

 

There’s the belief that the Federal Reserve is signaling that the economy is healthy enough for an increase in rates, and that rates will be on the rise over the next few years.1

 

If you believe interest rates have hit bottom and are on track to increase, how are you positioned to take advantage of rate increases for your safe money?

 

New, Innovative Fixed Annuity

 

The Security Benefit RateTrack Annuity is a new, innovative fixed annuity that offers an interest rate with the potential to rise amd help grow your safe money savings during the Guarantee Period of the contract. Coined as a Floating Rate Annuity, RateTrack Annuity offers a “floating” rate of interest that allows you the opportunity to benefit if interest rates rise during the Guarantee Period of your contract.

 

How It Works

 

Interest is calculated and credited on a combination of a fixed interest rate and a floating rate based on the 3 Month ICE LIBOR USD that adjusts annually as rates change. The fixed interest rate is established at contract issue and is set for the Guarantee Period of the contract. The floating rate is also set at contract issue, but only for the first contract year.

 

Put your safe money in a revolutionary product

 

If you’re tired of your safe money sitting on the sidelines and you want to benefit if interest rates rise during the Guarantee Period for your contract, then the RateTrack Annuity may be the right product for you.

 

Helpful Resources

Product Brochure (PDF)

Rate Sheet (PDF)

What is RateTrack Annuity? (video)

Why LIBOR? (video)

A Bond Alternative (video)

Service Forms

 

 

1 The New York Times, January 27, 2016.

 

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.

 

The Security Benefit RateTrack Annuity, form ICC15 5300 (12-15) and 5300 (12-15), a single premium deferred fixed annuity, is issued by Security Benefit Life Insurance Company. Product features, limitations and availability vary by state.

 

ICE BENCHMARK ADMINISTRATION LIMITED MAKES NO WARRANTY, EXPRESS OR IMPLIED, EITHER AS TO THE RESULTS TO BE OBTAINED FROM THE USE OF ICE LIBOR AND/OR THE FIGURE AT WHICH ICE LIBOR STANDS AT ANY PARTICULAR TIME ON ANY PARTICULAR DAY OR OTHERWISE.

 

ICE BENCHMARK ADMINISTRATION LIMITED MAKES NO EXPRESS OR IMPLIED WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE FOR USE WITH RESPECT TO SECURITY BENEFIT RATETRACK ANNUITY.

Contact Rep

Security Benefit
RateTrack Annuity

Current Rates

 

Effective: March 27, 2017

 


5 Year Option:

 

Guarantee Period Base Rate:

1.40%

 

3 Month ICE LIBOR USD Rate:

1.15%

 

Total Credited Interest Rate
(1st Year):

2.55%

(Guarantee Period Base Rate + 3 Month ICE LIBOR USD Rate)

 

Based on 3 Month ICE LIBOR USD caps indicated below, the total credited interest rate will not exceed:

5.40%

 

3 Month ICE LIBOR USD Cap:

4.00%

 


7 Year Option:

 

Guarantee Period Base Rate:

1.65%

 

3 Month ICE LIBOR USD Rate:

1.15%

 

Total Credited Interest Rate
(1st Year):

2.80%

(Guarantee Period Base Rate + 3 Month ICE LIBOR USD Rate)

 

Based on 3 Month ICE LIBOR USD caps indicated below, the total credited interest rate will not exceed:

5.65%

 

3 Month ICE LIBOR USD Cap:

4.00%

 


Guaranteed Minimum Interest Rate: 1.00%

 


View the complete rate sheet. (PDF)

SETOPWEB04P