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

Key features

Curious about where rates are headed next?

If you’re curious about how interest rates and floating rates have performed in the past, our Floating Rate Tool highlights historical performance so you can track movement and determine whether the RateTrack® Annuity might be a good option for a portion of your savings. 

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. 

What is RateTrack® Annuity?

 

This short video shows how the RateTrack® Annuity's innovative floating rate component works.

 

RateTrack® Annuity as a Bond Alternative

 

When rates rise, bond values tend to fall. RateTrack® Annuity could help preserve your principal with potential for interest. Learn more from this short video.

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

Rates
Effective Date: 10/02/2023 5 Year 7 Year
Guarantee Period Base Rate 0.75% 0.85%
3 Month CME Term SOFR Reference Rate (subject to caps shown below) 5.40% 5.40%
Total Credited Interest Rate (1st Year) (Guarantee Period Base Rate) + 3 Month CME Term SOFR Reference Rate) 6.15% 6.25%
Caps 6.00% 6.00%
Based on 3 Month CME Term SOFR Reference Rate cap, the Total Credited Interest Rate will not exceed 6.75% 6.85%
Guaranteed Minimum Interest Rate 2.90% 2.90%

Security Benefit Life Insurance Company is not a fiduciary 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.

The market data ("Information") contained herein: (i) includes the proprietary information of Chicago Mercantile Exchange Inc. or its licensors, as applicable; (ii) may not be copied, sold, or further disseminated except as specifically authorized; (iii) does not constitute investment advice; (iv) is provided solely for informational purposes; and (v) is not warranted to be complete, accurate, or timely.

CME GROUP MARKET DATA IS USED UNDER LICENSE AS A SOURCE OF INFORMATION FOR CERTAIN SECURITY BENEFIT LIFE INSURANCE COMPANY (“SBL”) PRODUCTS. CME GROUP HAS NO OTHER CONNECTION TO SBL PRODUCTS AND SERVICES AND DOES NOT SPONSOR, ENDORSE, RECOMMEND, OR PROMOTE ANY SBL PRODUCTS OR SERVICES. CME GROUP HAS NO OBLIGATION OR LIABILITY IN CONNECTION WITH THE SBL PRODUCTS AND SERVICES. CME GROUP DOES NOT GUARANTEE THE ACCURACY AND/OR THE COMPLETENESS OF ANY MARKET DATA LICENSED TO SBL AND SHALL NOT HAVE ANY LIABILITY FOR ANY ERRORS, OMISSIONS, OR INTERRUPTIONS THEREIN. THERE ARE NO THIRD-PARTY BENEFICIARIES OF ANY AGREEMENTS OR ARRANGEMENTS BETWEEN CME GROUP AND SBL.
 

SB-10008-99  |  2022-02-25