Topeka, KS — June 21, 2018 — Independent market research firm Wink, Inc. has named Security Benefit Life Insurance Company’s RateTrack® Annuity as its 2017 award winner for Excellence in Annuity Innovation.
“We are truly honored that Wink has recognized the revolutionary product development that RateTrack® represents,” remarked Mike Kiley, Chief Executive Officer of Security Benefit. “As an organization, we are committed to building on our legacy of cutting-edge products, combined with deep investment strength and expertise, all aimed at delivering solutions that help financial professionals and their clients meet their retirement goals.”
In developing the Excellence in Annuity Innovation Award, its first-ever award program, Wink reviewed the 202 fixed and fixed index deferred annuities that launched in 2017, as well as the 105 that launched in 2016. Their aim was to identify non-variable deferred annuity products with unique identifying features. “Of the 307 non-variable deferred annuities that launched during this two-year period, we found the Security Benefit Life RateTrack® Annuity to be the most innovative annuity to launch during this period,” stated Sheryl Moore, President of Wink, Inc. The review was conducted by eight annuity experts with combined experience of more than a century of working with insurance products. RateTrack® received a unanimous vote.
Doug Wolff, President of Security Benefit Life, noted “We set out to create a new concept in fixed annuities by developing a product set that would offer a floating rate of interest--the first true floating rate annuity product available in the industry--this differs from a typical fixed-rate annuity in that clients benefit if interest rates rise during the guarantee period of their contract. It is especially important, given the recent Federal Reserve interest rate moves and projections.”
For more information about the RateTrack® Annuity, contact your financial professional.