Fixed index annuity review and rates

Strategic Growth Plus Annuity

The Security Benefit Strategic Growth Plus 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, bonus, 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. 
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
2.5% Fixed
1-Year S&P 500 Factor Rotator DRC2 7% ER PTP Participation Rate with Spread
Point to Point
Annual
60% Participation
2-Year S&P 500 Factor Rotator DRC2 7% ER PTP Participation Rate with Spread
Point to Point
Biennial
80% Participation
1-Year S&P MARC 5% PTP Participation Rate with Spread
Point to Point
Annual
100% Participation
0.75% Spread
2-Year S&P MARC 5% PTP Participation Rate with Spread
Point to Point
Biennial
100% Participation
1-Year S&P 500 PTP Cap
Point to Point
Annual
6% Cap
1-Year S&P 500 PTP Participation Rate
Point to Point
Annual
30% Participation
1-Year S&P 500 PTP Participation Rate with Spread
Point to Point
Annual
35% Participation
3% Spread
2-Year S&P 500 LV DRC 5% TR PTP Participation Rate with Spread
Point to Point
Biennial
80% Participation
2-Year Morningstar Wide Moat Focus Barclays VC 7% ER PTP Participation Rate with Spread
Point to Point
Biennial
80% Participation
1-Year Morningstar Wide Moat Focus Barclays VC 7% ER PTP Participation Rate with Spread
Point to Point
Annual
60% Participation
2-Year UBS Market Pioneers PTP Participation Rate with Spread
Point to Point
Biennial
100% Participation
1-Year UBS Market Pioneers PTP Participation Rate with Spread
Point to Point
Annual
100% Participation
1.25% Spread

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%
Premium bonus
12%
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