Ultra Exclusive Offering From Security Benefit Promises Consumer Benefits
January 24, 2012 by N/A
press release
Jan. 23, 2012, 12:57 p.m. EST
TOPEKA, KS, Jan 23, 2012 (MARKETWIRE via COMTEX) — Security Benefit(R)
Corporation, a Guggenheim Partners Company, today announced that four
independent marketing organizations (IMOs) have been selected to participate in
a unique product manufacturing and distribution model for its subsidiary,
Security Benefit Life Insurance Company (SBL).
SBL, marking its 120th year of helping people build retirement savings, also
announced plans to launch a fixed index annuity (FIA) product early in the
second quarter, specifically designed for exclusive distribution through four
select IMOs. The organization became one of the fastest growing fixed index
annuity providers in the industry last year with the introduction of its Secure
Income Annuity (SIA)*.
“The limited distribution model, implemented with SIA, revealed incredible
efficiencies while diversifying the revenue stream. Bringing that success
together with elite IMOs who have highly efficient marketing and sales models,
allows us to build more benefits into the product that may make it more
advantageous for the client,” says Michael Kiley, Security Benefit’s Chief
Executive Officer.
Criteria, such as the ability to meet the high demands of top U.S. agent
producers and the IMOs’ overall agent service models, were part of the firm
selection process. Furthermore, each IMO is limited to an initial 500 agent
participants in keeping with the exclusive offering.
As evidenced in the sales results, consumers have been extremely receptive to
the Secure Income Annuity. This provided an opportunity for SBL to leverage that
success and apply those components to this unique effort. SBL recognized that
establishing exclusive partnerships with prestigious marketing groups was a
critical part of the equation. Further educating consumers on the advantages of
fixed index annuities is important to the organization; an effort they hope
further emphasizes their commitment to the FIA marketplace.
A Guggenheim Partners Company In 2010, Security Benefit was purchased by a
group of investors led by Guggenheim Partners, a privately-held, diversified
financial services firm with more than $125 billion in assets under supervision.
As a Guggenheim Partners company, Security Benefit has moved to capitalize on
Guggenheim’s superior general account management capabilities to provide more
consumers with better retirement income solutions.
With focus on retirement income for our clients, Security Benefit built on
its long history of product development to become one of the fastest growing
retirement product providers in the industry. With the launch of the firm’s
first fixed index annuity last year, Security Benefit has garnered much
attention with their growth and has quickly become one of the leading issuers of
FIAs in the U.S.
About Security Benefit Security Benefit, a Guggenheim Partners Company, is a
leading provider of retirement plan services throughout the nation, and offers a
variety of compelling and customized annuity products. The firm’s se2 division
is an award-winning and nationally recognized provider of administrative
services for the insurance and financial services industry. To learn more, go to
www.securitybenefit.com .
About Guggenheim Partners Guggenheim Partners, LLC is a privately held global
financial services firm. The firm provides investment management, investment
banking and capital markets services as well as insurance and investment
advisory solutions for institutions, corporations, governments and agencies,
investment advisors, family offices and individuals. Guggenheim Partners is
headquartered in New York and Chicago and serves clients from more than 25
offices in nine countries.
The Security Benefit Secure Income Annuity (Form 5800 (11-10) and ICC10 5800
(11-10)), a flexible premium deferred fixed index annuity contract, is issued by
Security Benefit Life Insurance Company. Product features, limitations and
availability may vary by state. Not available in all states. Not a deposit. Not
insured by any federal agency. Guarantees are backed by the financial strength
and claims-paying ability of Security Benefit Life Insurance Company. May go
down in value.
*According to a ranking from AnnuitySpecs.com’s Indexed Sales & Market
Report, 3Q2011, of all the Indexed Annuity products sold, Security Benefit went
from unranked on 1/1/2011 to number 13 in Indexed Annuity Sales as of 9/30/2011.
Laura Parsons
CSG-PR
303-887-2911
Email Contact
SOURCE: Security Benefit
http://www2.marketwire.com/mw/emailprcntct?id=D0FAA9F1AF5745E3
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