Fixed index annuity review and rates

Strategic Growth Annuity

The Security Benefit Strategic Growth Annuity, issued by Security Benefit Life Insurance Company (SBL), is a modified single premium, deferred fixed index annuity contract which provides a combination of guarantees, flexible interest choices, and withdrawal options.
This annuity may be well suited for a consumer/individual who has a sum of money the consumer/ individual does not want to place in the market, yet would like the potential for accumulation without risk.

Rate Buy Up Feature
The Rate Buy Up Feature is available on each index crediting option. For a monthly charge, each Index Account using this feature in which the contract value is allocated, may provide the owner a higher interest credit rate through a higher cap, higher participation rate, and/ or lower spread as applicable. At the end of the surrender charge period, if the total Buy Up Costs are greater than the total index interest credits (including non Buy Up Options), then the excess of the total Buy Up Costs over the total index interest credits will be refunded to the contract’s Fixed Account. Please note: the refund of Buy Up Charges does not apply if an excess withdrawal is taken from the contract (an excess withdrawal is a withdrawal that exceeds the annual free withdrawal limit). Refer to the Rate Buy Up Feature Brochure for details. 
Available in states: AL, AK, AZ, AR, CA, CO, CT, DE, DC, FL, GA, HI, ID, 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
4.5% Fixed
1-Year S&P 500 Factor Rotator DRC2 7% ER PTP Participation Rate with Spread
Point to Point
Annual
125% Participation
2-Year S&P 500 Factor Rotator DRC2 7% ER PTP Participation Rate with Spread
Point to Point
Biennial
175% Participation
1-Year S&P MARC 5% PTP Participation Rate with Spread
Point to Point
Annual
175% Participation
2-Year S&P MARC 5% PTP Participation Rate with Spread
Point to Point
Biennial
200% Participation
2-Year UBS Market Pioneers PTP Participation Rate with Spread
Point to Point
Biennial
210% Participation
2-Year Morningstar Wide Moat Focus Barclays VC 7% ER PTP Participation Rate with Spread
Point to Point
Biennial
175% Participation
1-Year S&P 500 PTP Participation Rate with Spread
Point to Point
Annual
50% Participation
3% Spread
2-Year S&P 500 LV DRC 5% TR PTP Participation Rate with Spread
Point to Point
Biennial
100% Participation
1-Year S&P 500 PTP Participation Rate
Point to Point
Annual
45% Participation
1-Year Morningstar Wide Moat Focus Barclays VC 7% ER PTP Participation Rate with Spread
Point to Point
Annual
125% Participation
1-Year S&P 500 PTP Cap
Point to Point
Annual
13% Cap
1-Year UBS Market Pioneers PTP Participation Rate with Spread
Point to Point
Annual
175% Participation
1-Year S&P 500 PTP Cap
Point to Point
Annual
15.75% Cap
1-Year S&P 500 PTP Participation Rate
Point to Point
Annual
53% Participation
1-Year S&P 500 PTP Participation Rate with Spread
Point to Point
Annual
60% Participation
3% Spread
1-Year S&P 500 Factor Rotator DRC2 7% ER PTP Participation Rate with Spread
Point to Point
Annual
150% Participation
2-Year S&P 500 Factor Rotator DRC2 7% ER PTP Participation Rate with Spread
Point to Point
Biennial
215% Participation
1-Year S&P MARC 5% PTP Participation Rate with Spread
Point to Point
Annual
220% Participation
2-Year S&P MARC 5% PTP Participation Rate with Spread
Point to Point
Biennial
260% Participation
1-Year Morgan Stanley Global Equity Allocator PTP Participation Rate with Spread
Point to Point
Annual
135% Participation
1-Year Morgan Stanley Global Equity Allocator PTP Participation Rate with Spread
Point to Point
Annual
170% Participation
2-Year Morgan Stanley Global Equity Allocator PTP Participation Rate with Spread
Point to Point
Biennial
210% Participation
2-Year Morgan Stanley Global Equity Allocator PTP Participation Rate with Spread
Point to Point
Biennial
270% Participation
1-Year Morningstar Wide Moat Focus Barclays VC 7% ER PTP Participation Rate with Spread
Point to Point
Annual
155% Participation
2-Year Morningstar Wide Moat Focus Barclays VC 7% ER PTP Participation Rate with Spread
Point to Point
Biennial
220% Participation
1-Year UBS Market Pioneers PTP Participation Rate with Spread
Point to Point
Annual
215% Participation
2-Year UBS Market Pioneers PTP Participation Rate with Spread
Point to Point
Biennial
265% Participation
1-Year UBS Multi Asset Inflation Aware PTP Participation Rate with Spread
Point to Point
Annual
200% Participation
1-Year UBS Multi Asset Inflation Aware PTP Participation Rate with Spread
Point to Point
Annual
245% Participation
2-Year UBS Multi Asset Inflation Aware PTP Participation Rate with Spread
Point to Point
Biennial
250% Participation
2-Year UBS Multi Asset Inflation Aware PTP Participation Rate with Spread
Point to Point
Biennial
315% Participation
2-Year S&P 500 LV DRC 5% TR PTP Participation Rate with Spread
Point to Point
Biennial
120% Participation

Surrender schedule

Year 1 2 3 4 5 6 7 8 9 10
Penalty 12% 12% 11% 11% 10% 9% 8% 7% 6% 4%
Security Benefit Life Insurance Company
Founded: 1892
A.M. Best: A-
Fitch: A-
S&P: A-
Carrier details
Free withdrawal
1st year: 0%
2nd+ year: 10%
Surrender schedule
10 years
Return of premium
Market value adjustment
Minimum contribution
$25,000
Types of funds
Non-Qualified, IRA, SEP IRA, IRA-Roth, Inherited IRA, NQ Stretch, and TSP