EliteDesigns® II Fixed Period Annuity Option Calculator

Foundations Annuity Calculator
This calculator shows how the EliteDesigns II Fixed Period Annuity Option may allow you to treat part of your annuity payment as a non-taxable return of the cost basis. With this option, you can choose to receive annuity payments for a fixed period of time, ranging from 5 to 30 years. This calculator is designed for non-qualified EliteDesigns II Variable Annuity contracts. If you have a qualified contract, you may not find this calculator helpful, as the tax treatment of withdrawals and annuity payments from a qualified contract will differ from what is shown in this calculator. Keep in mind this is one of a number of annuity options available under the EliteDesigns II Variable Annuity. You should discuss with your financial professional which annuity option may be best for your financial situation.
To understand how different tax rates and assumed rates of return impact the amount of the annuity payment you may treat as a non-taxable return of the cost basis, you should consider running multiple scenarios with this tool. This calculator assumes the first annuity payment begins on the day this calculation was run. You should also read “About this Tool” in the disclosures for more details.
Prepared For
Annuitant Age (0 – 95)
Annuity payments received before age 59½ may be subject to a 10% tax penalty.
Fixed Period Duration (5 – 30)
Issue Date
Issue State
Assumed Effective Tax Rate (0% – 60%)
Assumed Rate of Return After Assumed Date of First Annuity Payment (0% – 12%)
Assumed Contract Value at Assumed Date of First Annuity Payment
Assumed Cost Basis at Assumed Annuity Payment Start Date
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About this Tool

This tool assumes the information you input and the following:

  • The Contract Value increases daily, during the fixed period you selected, by the Assumed Rate of Return you input.
  • The tax rate you entered is applicable during the entire fixed period.
  • Payments are received after age 59½ and therefore no penalty tax is applicable.
  • It is likely many of these factors will differ from the assumptions used in this tool. Your actual tax impact will be based upon:
  • The increase or decrease in your Contract Value, which will be based on the performance of the Underlying Funds selected by you.
  • Your actual Contract Value as of the Annuity Payment Start Date.
  • The actual Cost Basis in your annuity contract as of the Annuity Payment Start Date.
  • The actual federal tax rate applicable to you in the year of any payment received and any applicable state and local taxes.
  • The actual tax laws and regulations applicable at the time you receive annuity payments.

Product Specific Disclosures

Neither Security Benefit Life Insurance Company (SBL) nor Security Distributors are fiduciaries and the information provided is not intended to be investment advice. This information is general in nature and intended for use with the general public. For additional information, including any specific advice or recommendations, please visit with your financial professional.

You should carefully consider the investment objectives, risks, charges, and expenses of the investment options available under the variable annuities offered. You may obtain a prospectus and/or summary prospectus that contains this and other information about the investment options or variable annuity by calling our Service Center at 800.888.2461. You should read the prospectus and/or summary prospectus carefully before investing. Investing in variable annuities involves risk and there is no guarantee of investment results.

Annuities are long-term investments suitable for retirement investing. The investment return and principal value of an investment in the EliteDesigns II Variable Annuity will fluctuate and you may have a gain or loss at redemption.

Guarantees provided by annuities are subject to the financial strength of the issuing insurance company. Annuities are not FDIC or NCUA/NCUSIF insured; are not obligations or deposits of, and are not guaranteed or underwritten by any bank, savings and loan or credit union or its affiliates; are unrelated to and not a condition of the provision or term of any banking service or activity. See the prospectus for complete product details.

The EliteDesigns II Variable Annuity (form V6209) is a flexible premium deferred variable annuity issued by SBL. Securities are distributed by Security Distributors, a subsidiary of SBL, and SBL is a subsidiary of Security Benefit Corporation (Security Benefit).

© 2020 Security Benefit Life Insurance Company. All rights reserved.

Security Benefit Life Insurance Company
One Security Benefit Place | Topeka, KS 66636-0001
800.888.2461
SecurityBenefit.com