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Security Benefit Secure Income Annuity


The Security Benefit Secure Income 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. Security Benefit offers one of the industry's most competitive fixed index annuities available today - the Security Benefit Secure Income Annuity.


Secure Income Annuity offers a combination of contract guarantees, bonus, flexible interest choices and withdrawal options.


Secure Income Annuity offers:


  • Up to 8% bonus1
  • 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


Plus, the optional GLWB Rider provides:


  • 6.5% annual Roll-up3
  • Guaranteed Lifetime Annual Income
  • Single or Joint Coverage
  • Home Healthcare Doubler4


For more information about Secure Income Annuity speak with your financial advisor.


Helpful Resources


1 In AK, IN, ME, MN, MO, NH, NJ, NV, OH, OR, PA, SC, TX, UT and WA, the bonus is 5.5%; in CA the bonus is 7%; in CT and DE, the bonus is 2%.


2 Availability varies by state.


3 For the first 10 Contract Years, as long as Lifetime Annual Income is not taken and the Ownere has not reached age 85, the Benefit Base increases by at least 6.5% on each Contract Anniversary.


4 If the Covered Person (or if applicable, the Joint Covered Person) becomes unable to perform at least two of the six basic activities of daily living, the GLWB doubles the Lifetime Withdrawal Rate for up to five years, without affecting the Lifetime Annual Income after the 5 year period. After the 5 year period, the Lifetime Withdrawal Rate used to calculate Lifetime Annual Income will revert to the original Lifetime Withdrawal Rate.


Bonus annuities, such as the Secure Income Annuity, 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 of interest credits may exceed the amount of the bonus.


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


The Security Benefit Secure Income Annuity, a fixed index flexible premium deferred annuity contract, form 5800 (11-10) and ICC10 5800 (11-10) and the Guaranteed Lifetime Withdrawal Benefit (GLWB) Rider, form 5820 (11-10) and ICC10 5820 (11-10), an optional rider available for purchase with the Security Benefit Secure Income Annuity, 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.


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 to and not a condition of the provision or term of any banking service or activity.