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2-Year
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3-Year
6.25%
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6.25%
7-Year
6.00%
10-Year
5.80%

Strategic Growth 7 Annuity

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Highlights

The Strategic Growth 7 Annuity is a modified single premium, deferred fixed index annuity with a seven year Surrender Charge Period. During the Surrender Charge Period, a Surrender Charge, and, in most states, a Market Value Adjustment (MVA) apply if you surrender your Strategic Growth 7 Annuity, and may apply if you take withdrawals from your Strategic Growth 7 Annuity.

Rate Buy Up Feature - Account Fee
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
Type
Fixed Index
Purpose Accumulation
Term
7 Years
Surrender schedule
9%8.1%7.2%6.3%5.4%4.5%3.6%
Free withdrawal
1st year: 0%
2nd+ year: 10%
Market value adjustment
Return of premium
Launch date
01/09/2023
Minimum contribution
$25,000
Maximum contribution
$1,000,000
Max Age Qualified
85
Types of funds
Non-Qualified, IRA, SEP IRA, IRA-Roth, Inherited IRA, NQ Stretch, and TSP
Brochure
Open brochure

Find out if the Strategic Growth 7 Annuity is the right product for you.

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Premium Notes

Premium Notes
Minimum Premium: $25,000
Subsequent Premium Minimum of $1,000 allowed prior to the first Contract Anniversary. Additional premiums accepted as both, Lump Sum or Periodic payments. 
Maximum Premium: Anticipated amount of more than $1,000,000 requires prior company approval.

Note: TSP funds would be accepted as a rollover.

Withdrawal Provisions

Free Withdrawal
Beginning in the second contract year, 10% of the prior Contract Anniversary’s Account Value (for each subsequent year) is available without a Surrender Charge or with applicable Market Value Adjustment (MVA). Free Withdrawal amounts not taken in one contract year may not be carried over to a subsequent year.

Market Value Adjustment (MVA)
During the Surrender Charge period, an MVA is applied to withdrawals in excess of the Free Withdrawal amount, full surrenders, or the death benefit paid on the death of a Joint Owner who is not the Annuitant’s spouse. The MVA does not apply to contracts issued in CA. 

Allocation Accounts

Name Type Rates
1-Year Fixed Account
Fixed
4.75% Fixed
2-Year Morningstar Wide Moat Focus Barclays VC 7% ER PTP Participation Rate with Spread
Point to Point
Biennial
245% Participation
1-Year Morgan Stanley Global Equity Allocator PTP Participation Rate with Spread
Point to Point
Annual
165% Participation
1-Year S&P 500 PTP Cap
Point to Point
Annual
11% Cap
1-Year Morgan Stanley Global Equity Allocator PTP Participation Rate with Spread
Point to Point
Annual
200% Participation
1-Year UBS Market Pioneers PTP Participation Rate with Spread
Point to Point
Annual
165% Participation
2-Year Morgan Stanley Global Equity Allocator PTP Participation Rate with Spread
Point to Point
Biennial
250% Participation
2-Year Morgan Stanley Global Equity Allocator PTP Participation Rate with Spread
Point to Point
Biennial
310% Participation
1-Year Morningstar Wide Moat Focus Barclays VC 7% ER PTP Participation Rate with Spread
Point to Point
Annual
170% Participation
2-Year S&P MARC 5% PTP Participation Rate with Spread
Point to Point
Biennial
310% Participation
1-Year UBS Market Pioneers PTP Participation Rate with Spread
Point to Point
Annual
205% Participation
2-Year UBS Market Pioneers PTP Participation Rate with Spread
Point to Point
Biennial
280% 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
285% Participation
2-Year UBS Multi Asset Inflation Aware PTP Participation Rate with Spread
Point to Point
Biennial
350% Participation
2-Year S&P 500 LV DRC 5% TR PTP Participation Rate with Spread
Point to Point
Biennial
110% Participation
1-Year Morningstar Wide Moat Focus Barclays VC 7% ER PTP Participation Rate with Spread
Point to Point
Annual
140% Participation
1-Year S&P 500 PTP Participation Rate
Point to Point
Annual
55% Participation
1-Year S&P MARC 5% PTP Participation Rate with Spread
Point to Point
Annual
240% Participation
2-Year S&P 500 LV DRC 5% TR PTP Participation Rate with Spread
Point to Point
Biennial
90% Participation
2-Year S&P 500 Factor Rotator DRC2 7% ER PTP Participation Rate with Spread
Point to Point
Biennial
220% Participation
1-Year S&P 500 PTP Participation Rate with Spread
Point to Point
Annual
80% Participation
3% Spread
1-Year S&P 500 Factor Rotator DRC2 7% ER PTP Participation Rate with Spread
Point to Point
Annual
160% Participation
2-Year Morningstar Wide Moat Focus Barclays VC 7% ER PTP Participation Rate with Spread
Point to Point
Biennial
200% Participation
1-Year S&P 500 PTP Participation Rate with Spread
Point to Point
Annual
90% Participation
3% Spread
2-Year UBS Market Pioneers PTP Participation Rate with Spread
Point to Point
Biennial
225% Participation
1-Year S&P 500 PTP Participation Rate
Point to Point
Annual
65% Participation
1-Year S&P 500 PTP Cap
Point to Point
Annual
14% Cap
2-Year S&P MARC 5% PTP Participation Rate with Spread
Point to Point
Biennial
250% Participation
1-Year S&P MARC 5% PTP Participation Rate with Spread
Point to Point
Annual
200% Participation
2-Year S&P 500 Factor Rotator DRC2 7% ER PTP Participation Rate with Spread
Point to Point
Biennial
185% Participation
1-Year S&P 500 Factor Rotator DRC2 7% ER PTP Participation Rate with Spread
Point to Point
Annual
135% Participation

Surrender schedule

Year 1 2 3 4 5 6 7
Penalty 9% 8% 7% 6% 5% 5% 4%

Riders

No Riders for Strategic Growth 7 Annuity annuity.

Waivers

Nursing Home

Unavailable in states: CA, and MA

If after the contract issue date the owner becomes confined in a hospital or Qualified Nursing Facility for 90 consecutive days, the Owner may withdraw up to the full Account Value without Surrender Charges and MVA. The request for such waiver must be after the 3rd Contract Anniversary.

Terminal Illness

Unavailable in states: CA, and NJ

SBL will waive the Surrender Charge and MVA on full or partial withdrawals if the Owner is diagnosed with a terminal illness after the contract issue date. The request for such waiver must be made after the 3rd Contract Anniversary.

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