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Security Benefit Total Value Annuity

 

The Security Benefit Total Value 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. With the Total Value Annuity, you can protect a portion of your retirement savings and receive interest on those savings.  Through optional riders it can also provide guaranteed income for life or provide for others upon your death.

 

The Total Value Annuity offers a combination of contract guarantees, bonus, flexible interest choices and withdrawal options:

  • Up to 10% bonus1
  • 10% free annual withdrawals
  • Guaranteed minimum interest rate
  • Multiple interest-crediting options
  • Nursing Home Waiver
  • Terminal Illness Waiver

 

Guaranteed income for life is available through an optional Guaranteed Lifetime Withdrawal Benefit (GLWB) Rider, or the ability to potentially leave a greater benefit for those you care about upon your death is available through an optional Guaranteed Minimum Death Benefit (GMDB) Rider.2

 

The GLWB Rider and GMDB Rider cannot be purchased together.

 

Helpful Resources

1 The bonus is 8% and is increased by 2% if a rider is purchased (unless the GMDB Rider is purchased at age 76 or over). In AK, IN, ME, MN, MO, NH, NJ, NV, OH, PA, SC, TX, UT and WA, the bonus is 5.0%; in CA and FL, the bonus is 7%; in CT and DE, the bonus is 2% (and does not increase if a rider is purchased).

2 Availability varies by state.

 

S&P® is a registered trademark of Standard & Poor's Financial Services LLC ("S&P") and Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC ("Dow Jones"). These trademarks have been licensed for use by S&P Dow Jones Indices LLC. S&P® and S&P 500® are trademarks of S&P and have been sublicensed for certain purposes by Security Benefit Life Insurance Company. The S&P 500® index is a product of S&P Dow Jones Indices LLC and/or its affiliates and has been licensed for use by Security Benefit Life Insurance Company. The Security Benefit Total Value Annuity is not sponsored, endorsed, sold or promoted by S&P Dow Jones Indices LLC, Dow Jones, S&P or their respective affiliates and neither S&P Dow Jones Indices LLC, Dow Jones, S&P or their respective affiliates make any representation regarding the advisability of purchasing such product.

 

Bonus annuities, such as the Total Value 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 Total Value Annuity, a fixed index flexible premium deferred annuity contract, form 5700 (3-12) and ICC12 5700 (3-12), the Income Rider, form 5720 (3-12) and ICC12 5720 (3-12), and the Death Benefit Rider, form 5721 (3-12), optional riders available for purchase with the Security Benefit Total Value 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.

To find out if this product
is right for you, contact your
independent financial advisor.

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