Advisor 403(b) Program®

At a glance

Product name: Advisor 403(b) Program®
Product type
Variable Annuity
Minimum purchase
Lump sum: $1,000 or $25 recurring premiums
Account type(s):
Roth IRA
M&E: 0.75% - 0.90%; Annual Admin Fee: 0.15%; Account fee $30 for accounts < $50,000; $0 for accounts>$50,0001
Surrender charges
7-year per deposit
Nearly 90 underlying funds + Fixed Account
Optional rider(s):
4% Extra Credit

The Security Benefit Advisor 403(b) Program is a supplemental retirement savings option designed for employees of public schools and certain other governmental and non-profit organizations. Participants can make contributions through their employer's retirement plan to the Advisor Variable Annuity.

Key features
  • Create a personalized portfolio based upon your risk profile and choose from more than 100 different investment options.
  • Manage your portfolio with different investment strategies — from dollar cost averaging to automatic asset reallocation.
  • As an unbundled variable annuity you may also choose to add other options and guarantees, at an additional cost, that fit your specific situation.

Read more about the Advisor 403(b) Variable Annuity.

Talk to your financial professional to see whether an Advisor 403(b) Variable Annuity can complement your retirement portfolio.

1 10 year or Disability Rider – This rider will automatically be included for contracts issued on or after July 1, 2012 with an additional annual cost of 0.25%. The Company will waive the withdrawal charge in the event of a withdrawal if the Owner has become totally and permanently disabled after the Contract Date and prior to age 65, or after 10 Contract Years if the Owner has made purchase payments no less frequently than quarterly for at least 5 full contract years.

Current Rates
Effective Date: 07/01/2022 Empty th for screen readers
Product/Contract Value Current Rate
Security Benefit Advisor 403(b) Program® Less than $25,0001 (includes IRA) 1.00%
Security Benefit Advisor 403(b) Program® $25,000 or more1 (includes IRA) 1.25%
Guaranteed Minimum Interest Rate 1.30%

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 a 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; and 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 Security Benefit Advisor 403(b) Program, Contract Form No. V6029, is a flexible premium deferred variable annuity issued by Security Benefit Life Insurance Company (SBL) and distributed by Security Distributors, a subsidiary of SBL. SBL is a subsidiary of Security Benefit Corporation (Security Benefit).