Top Banner Individuals

Select Benefit Annuity


The Select Benefit Annuity is a single premium, fixed index annuity with seven available interest crediting options and the choice of two optional riders that include a premium bonus – the Accelerated Income Rider and the Legacy Preservation Rider.

Select Benefit Annuity offers a combination of contract guarantees, optional riders with bonus, flexible interest choices and withdrawal options.


Select Benefit Annuity offers:


  • A bonus of up to 10%1
  • 5% free annual withdrawals (available in the first year based on Purchase Payment amount and then the prior year contract anniversary Account Value beginning with the second contract year)
  • Guaranteed minimum interest rate for the Fixed Account
  • Multiple interest-crediting options
  • Nursing Home Waiver2
  • Terminal Illness Waiver2


The optional Accelerated Income Rider provides:


  • 6.5% annual Roll-up3
  • Accelerated Income in the first 10 years of taking income (after the first 10 years, the Annual Income is reduced by 50%)
  • Guaranteed Annual Income
  • Single or Joint Coverage
  • Home Healthcare Doubler4


The optional Legacy Preservation Rider provides:


  • 3% annual Roll-up for up to 20 years or age 85, but a minimum of 5 years
  • The ability to take dollar for dollar withdrawals during the Roll-up term (up to an annual maximum)
  • RMD friendly


For more information about Select Benefit Annuity speak with your financial representative.


Helpful Resources




1 In AK, CA, ED, IN, MN, MO, NH, NJ, NV, OH, OK, OR, PA, SC, TX, UT and WA, the bonus is 8%; in FL the bonus is 9%.


2 Availability varies by state.


3 For the first 10 Contract Years, as long as Lifetime Annual Income is not taken and the Owner 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 Accelerated Income Rider doubles the Withdrawal Rate for up to three years, without affecting the Annual Income after the 5 year period. After the 3 year period, the Lifetime Withdrawal Rate used to calculate Annual Income will revert to the original Withdrawal Rate. A physician's certification is required and the Home Healthcare Doubler may only be applied for once.

Bonus annuities, such as the Select Benefit 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 Select Benefit Annuity, form 5900 (11-16) and ICC16 5900 (11-16), a fixed index single premium deferred annuity contract, the Accelerated Income Rider, form 5920 (11-16) and ICC16 5920 (11-16), and the Legacy Preservation Rider, form 5921 (11-16) and ICC16 5921 (11-16), optional riders for which a charge applies, are issued by Security Benefit Life Insurance Company. Product features, limitations and availability may vary by state.


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.

Contact Rep