Fixed index annuity review and rates

ClearLine Annuity

ClearLine Annuity can help grow your clients’ retirement savings without investing in the stock market. Your clients can receive interest credits based on a portion of the increase of a financial market index, but are guaranteed to never lose money due to market loss.
Available in states: AL, AK, AZ, AR, CA, CO, CT, DE, DC, FL, GA, HI, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, WV, WI, and WY

Allocation Accounts

Name Type Rates
1-Year Fixed Account
Fixed
3.5% Fixed
1-Year Avantis Barclays Volatility Control PTP Participation Rate
Point to Point
Annual
75% Participation
1-Year S&P 500 PTP Cap
Point to Point
Annual
9% Cap
1-Year S&P 500 PTP Monthly Sum Cap
Point to Point
Annual
Monthly sum
2.5% Cap
1-Year S&P 500 LV DRC 5% TR PTP Participation Rate with Spread
Point to Point
Annual
100% Participation
0.75% Spread
1-Year Fixed Account
Fixed
3.6% Fixed
1-Year Avantis Barclays Volatility Control PTP Participation Rate
Point to Point
Annual
78% Participation
1-Year S&P 500 PTP Cap
Point to Point
Annual
9.5% Cap
1-Year S&P 500 PTP Monthly Sum Cap
Point to Point
Annual
Monthly sum
2.6% Cap
1-Year S&P 500 LV DRC 5% TR PTP Participation Rate with Spread
Point to Point
Annual
100% Participation
0.5% Spread

Surrender schedule

Year 1 2 3 4 5 6 7
Penalty 5% 5% 4% 4% 3% 3% 2%
Security Benefit Life Insurance Company
Founded: 1892
A.M. Best: A-
Fitch: A-
S&P: A-
Carrier details
Free withdrawal
10%
Surrender schedule
7 years
Return of premium
Market value adjustment
Minimum contribution
$25,000
Types of funds
Non-Qualified, IRA, IRA Rollover, TSA 403b, SEP IRA, IRA-Roth, Inherited IRA, NQ Stretch, and TSP