Strategic Growth Plus Annuity

At a glance

Product name: Strategic Growth Plus Annuity
Product type
Fixed Index Annuity
Minimum purchase
$25,000
Account type(s):
IRA
Non-qualified
Roth IRA
SEP IRA
Surrender charges
10-year
Strategy
13 interest crediting options plus Fixed Account
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Key features

The Security Benefit Strategic Growth Plus Annuity is a modified single premium, deferred fixed index annuity which provides a combination of guarantees, bonus, and 13 available interest crediting options all designed to help consumers accumulate retirement savings without risk. 

This annuity may be well suited for a consumer/individual who has a sum of money the consumer/individual does not want to place in the market, yet would like the potential for accumulation without risk.

Strategic Growth Plus Annuity offers:

  • A 10% bonus on all purchases 
  • Accumulation-oriented rates 
  • 13 interest crediting options derived from 6 underlying indices which provides for a wide range of diversification opportunities
  • 10% free annual withdrawals after the first contract year 
  • Guaranteed Minimum Interest Rate for the Fixed Account
  • Nursing Home Waiver1
  • Terminal Illness Waiver1 

For more information about Strategic Growth Plus Annuity speak with your financial professional. 

 

1Availability varies by state.

The Security Benefit Strategic Growth Plus Annuity, a modified single premium, deferred fixed index annuity contract is issued by Security Benefit Life Insurance Company (SBL). In most states, the Strategic Growth Plus Annuity is issued on form 5600 (9-19) . In Alaska, Connecticut, Idaho, Indiana,  Massachusetts, Minnesota, Missouri, Nevada, New Hampshire, New Jersey, Ohio, Oklahoma, Oregon, Pennsylvania, South Carolina, Texas, Utah, Virginia, and Washington the Strategic Growth Plus Annuity form is ICC19 5600 (9-19).

Security Benefit Corporation and its affiliates are not 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.

Fixed index annuities are not stock market investments and do not directly participate in any equity, bond, other security or commodities investments. Indices do not include dividends paid on the underlying stocks, and therefore do not reflect the total return of the underlying stocks; neither an index nor any fixed index annuity is comparable to a direct investment in the equity, bond, other security or commodities markets. Bonus annuities may include changes to the elements used to determine the index interest credits or changes to the interest rate that are not included in similar annuities without a bonus. These changes may include lower current interest rates, higher surrender charges, longer surrender charge periods, lower participation rates or caps, higher spreads, or other changes. The amount of charges or reduction of interest credits may exceed the amount of the bonus.

IM-50000-07 | Rev 2021/03/29