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
|
5%
Fixed
|
| 1-Year Avantis Barclays Volatility Control PTP Participation Rate |
Point to Point
Annual
|
110%
Participation
|
| 1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
12%
Cap
|
| 1-Year S&P 500 PTP Monthly Sum Cap |
Point to Point
Annual
Monthly sum
|
3.5%
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
|
5.1%
Fixed
|
| 1-Year Avantis Barclays Volatility Control PTP Participation Rate |
Point to Point
Annual
|
115%
Participation
|
| 1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
12.5%
Cap
|
| 1-Year S&P 500 PTP Monthly Sum Cap |
Point to Point
Annual
Monthly sum
|
4%
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-
Brochure
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