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.
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-
Brochure
Free withdrawal
1st year: 0%
2nd+ year: 10%
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