RateTrack® Annuity

At a glance

Product name: RateTrack® Annuity
Product type
Fixed Annuity
Minimum purchase
$10,000
Account type(s):
403(b)
IRA
Non-qualified
Roth IRA
Surrender charges
5-year Term; 7-year Term
Strategy
Floating Credited Rate Annuity
Not available in New York.
Download the Fact Sheet
Download the Brochure

Do you want to preserve principal and still participate automatically in a rising rate environment? 

Key features
  • RateTrack® Annuity is tied to the 3 Month ICE LIBOR USD Rate, which has tracked about 25 basis points higher than the federal funds rate since its inception. 
  • See how RateTrack® Annuity Owners have benefited from the renewal rate on their Total Credited Interest Rate.  

Curious about where rates are headed next?

The Federal Open Market Committee has raised rates several times since December 2015 and may increase rates further. If rates go up, the LIBOR rate is expected to rise too. 

  • 3 Month ICE LIBOR USD Rate
    The 3 Month ICE LIBOR USD Rate is anticipated to be discontinued. In connection with such event, SBL will substitute a comparable index interest rate for the 3 Month ICE LIBOR USD Rate and may adjust the Guarantee Period Base Rate.
  • Rate Sheet

If you’re ready to benefit automatically from rising rates, a variety of resources are available to help you determine whether RateTrack® Annuity could be a good option in helping you align your assets with your retirement aspirations. 

Talk to your financial professional to find out whether a RateTrack® Annuity can complement your retirement portfolio.

RateTrack® Overview

 

Learn how the RateTrack® Annuity allows you to preserve principal while providing the potential to automatically benefit from rising interest rates.

 

Bonds vs. Funds

 

When interest rates rise, bond values tend to decrease, prompting some consumers to look for a better option to place their safe money.
Calculators
Rates
Effective Date: 06/28/2021 5 Year 7 Year
Guarantee Period Base Rate 1.50% 1.60%
3 Month ICE LIBOR USD Rate (subject to caps shown below) 0.12% 0.12%
Total Credited Interest Rate (1st Year) (Guarantee Period Base Rate + 3 Month ICE LIBOR USD Rate) 1.62% 1.72%
Caps 4.25% 4.25%
Based on 3 Month ICE LIBOR USD Rate cap, the Total Credited Interest Rate will not exceed 5.75% 5.85%
Guaranteed Minimum Interest Rate 1.00% 1.00%

Security Benefit Corporation and its affiliates are not a 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.

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.

The Security Benefit RateTrack® Annuity, form ICC15 5300 (12-15) and 5300 (12-15), a single premium deferred fixed annuity, is issued by Security Benefit Life Insurance Company. Product features, limitations, and availability vary by state.

ICE BENCHMARK ADMINISTRATION LIMITED MAKES NO WARRANTY, EXPRESS OR IMPLIED, EITHER AS TO THE RESULTS TO BE OBTAINED FROM THE USE OF ICE LIBOR AND/OR THE FIGURE AT WHICH ICE LIBOR STANDS AT ANY PARTICULAR TIME ON ANY PARTICULAR DAY OR OTHERWISE.

ICE BENCHMARK ADMINISTRATION LIMITED MAKES NO EXPRESS OR IMPLIED WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE FOR USE WITH RESPECT TO SECURITY BENEFIT RATETRACK® ANNUITY.

SB-10008-99 | Rev 2021/06/29