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Strategic Growth 7 Annuity

The Strategic Growth 7 Annuity is a fantastic choice for future planning! With its beneficial terms and steady income, it's like having a trustworthy friend ensuring a comfortable retirement.

The brochure highlights features like no annual fees and flexibility on withdrawals. Secure your future today with Strategic Growth 7 Annuity!

Strategic Growth 7 Annuity

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About Product

Type

Fixed Index

Purpose

Accumulation

Term

7 Years

Surrender schedule

8.1%

7.2%

6.3%

5.4%

4.5%

3.6%

Fee withdrawal:

10%

Market Value Adjustment

Yes

Return Of Premium

Minimum Contribution

$25,000

Maximum Contribution

$1,000,000

Max Age Qualified

Types Of Funds

Non-Qualified, IRA, SEP IRA, IRA-Roth, Inherited IRA, NQ Stretch, and TSP

Launch Date

01/09/2023

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

Allocation Accounts

Name	Type	Rates
1-Year Fixed Account	Fixed	4% 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	9.75% 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	50% 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	61% Participation
1-Year S&P 500 PTP Cap	Point to Point Annual	12.55% 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%

Hypothetical Projection

Comparison against S&P 500 using current rates

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Investment Amount

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.

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.

Company Founded: 1892

Excellent Rated Company

Security Benefit Life Insurance Company

Company Ratings

4.1