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Security Benefit RateTrackSM Annuity

RateTrackSM Annuity – A Floating Rate Annuity

 

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

 

Not available in New York

 

What Is RateTrackSM Annuity? (video)
This brief video explains this innovative concept in fixed annuities.

RateTrack1

 

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

RateTrack2

 

A Bond Alternative (video)

This brief video highlights why  RateTrackSM Annuity may be a good alternative to current bond funds in a rising interest rate environment.

RateTrack 3

 

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

LIBOR

 

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

Security Benefit Life Insurance Company (Security Benefit) has pioneered the RateTrackSM Annuity, the first in the industry to incorporate a floating rate of interest that allows you to preserve principal and grow savings automatically as interest rates rise. You may find the RateTrackSM Annuity a good complement to your portfolio to help you meet financial goals and fulfill your retirement aspirations.

 

Here’s how the innovative fixed annuity works

Interest on the RateTrackSM Annuity is calculated and credited using a combination of a fixed interest rate and a floating rate based on the 3 Month ICE LIBOR USD to create a Total Credited Interest Rate that adjusts annually as the LIBOR rate changes. 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.

Since RateTrackSM Annuity launched in March 2016, the Federal Reserve has raised rates three times and projected additional increases through 2020. With the RateTrackSM Annuity, you receive a Guarantee Period Base Rate plus the 3 Month ICE LIBOR USD Rate. The LIBOR rate resets annually on the contract anniversary date to allow for interest rate increases inside the safety of a fixed annuity. The LIBOR rate closely tracks the federal funds rate, which is used by banks all over the world to set short-term, adjustable interest rates. LIBOR has averaged approximately 35 basis points higher than the federal funds rate since its inception. Since March 2016, the LIBOR rate has more than doubled.1

 

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 of your contract, then the RateTrackSM Annuity may be the right product for you.

 

Helpful Resources

Rising Rates Are Picking up Steam: Are You Prepared? (PDF)

Product Brochure (PDF)

Rate Sheet (PDF)

What is RateTrackSM 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 RateTrackSM 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 RATETRACKSM ANNUITY.

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Security Benefit
RateTrackSM Annuity

Current Rates

 

Effective: December 4, 2017

 


5-Year Option:

 

Guarantee Period Base Rate:

1.00%

 

3 Month ICE LIBOR USD Rate:

1.46%

 

Total Credited Interest Rate
(1st Year):

2.46%

(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:

5.50%

 

3 Month ICE LIBOR USD Cap:

4.50%

 


7-Year Option:

 

Guarantee Period Base Rate:

1.20%

 

3 Month ICE LIBOR USD Rate:

1.46%

 

Total Credited Interest Rate
(1st Year):

2.66%

(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:

5.70%

 

3 Month ICE LIBOR USD Cap:

4.50%

 


Guaranteed Minimum Interest Rate: 1.00%

 


View the complete rate sheet. (PDF)

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