Total Interest Annuity
Tired of worrying about volatile markets? The Total Interest Annuity from Security Benefit is an excellent choice for stable growth of your retirement savings. It ensures your hard-earned money is always secure, providing an unwavering, reliable retirement plan. It's perfect if you're cautious about market downturns close to your retirement.
With a guaranteed protection of your principal amount, this annuity safeguards your retirement contributions regardless of market fluctuations. It's separate from traditional retirement assets that shift with the financial markets, offering you stability. You also have the flexibility of making minimum purchase payments of $50 a month or a $2,500 lump sum, up to a maximum of $1 million. A great choice for a worry-free retirement!
Total Interest Annuity
About Product
Traditional Fixed Annuity Interest Rates
| Surrender Years | First Year Yield | Term Guaranteed Yield | Term Current Yield |
|---|---|---|---|
| 6 | 6% | 3.33% | 4.33% |
Purchase Payment Limitations
The minimum Purchase Payment allowed is $2,500 or a recurring Purchase Payment of $50 per month. The total of all Purchase Payments may not exceed $1 million without prior approval. Surrender schedules vary by state.
Additional premiums accepted as both, Lump Sum or Periodic payments.
Free Withdrawals
Generally, Owners can withdraw up to 10% of the contract value per year without penalty during any contract year. This feature is not available during the first 12 months of the contract.
Return of Purchase payments Guarantee Rider
If you surrender your annuity, we guarantee that the amount you will receive is an amount equal to all Purchase Payments you made, less: (i) prior withdrawals; (ii) any premium or other taxes we must pay; and (iii) any rider charges. The Return of Purchase Payments Guarantee Rider is not available in Texas, Vermont, and Washington.
Note: TSP funds would be accepted as a rollover.
Riders
No Riders for Total Interest Annuity annuity.
Waivers
Death
Surrender Charges do not apply upon a Death Benefit payment.
Annuitization
Unavailable in states: CT, MD, MA, TX, and WA
Surrender Charge Waiver for Early Retirement Rider. The waiver is only available on 403(b) or Roth 403(b) contracts. Owners can take withdrawals from their contract without a surrender charge if they meet the following qualifications: 1. Minimum of 5 years in the contract; 2. Minimum age of 55; 3. Separation from service at or after age 55; 4. Cost is a 0.25% reduction in the overall crediting rate, and the option is not available in CT, MD, MA, TX, or WA.
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