Security Benefit Debuts Two New Indexes in Total Value AnnuityLeading Fixed Index Annuity Expands Investment Options
October 24, 2017 by Globe Newswire
TOPEKA, Kan., Oct. 23, 2017 (GLOBE NEWSWIRE) — Security Benefit Life Insurance Company, a leader in the U.S. retirement savings market, announced today the addition of four new index accounts to the Total Value Annuity: one and two year accounts based on the S&P 500® Low Volatility Daily Risk Control 5% Index (S&P 500® Low Vol RC 5%), and one and two year accounts based on the S&P Multi-Asset Risk Control (MARC) 5% Index (S&P MARC 5%). They are available to new purchasers as of today, and they will be available to existing contract owners on contract anniversaries with an index term date beginning on or after October 23, 2017.
“Since its inception, the Total Value Annuity has offered consumers growth potential along with the ability to create a guaranteed stream of lifetime income, or to leave a legacy for others,” said Doug Wolff, Security Benefit’s President. “Adding new index accounts gives financial professionals more options to diversify client portfolios and help clients reach their retirement-planning goals.”
With the additions, the Total Value Annuity now offers nine distinct index interest crediting options and one fixed account option.
The S&P 500® Low Vol RC 5% Index represents a portfolio that combines the S&P 500® Low Volatility Index with an interest-accruing cash component. Stocks in the index are weighted according to their volatility, with the least volatile stocks receiving the highest weights. On a daily basis, the S&P 500® Low Vol RC 5% is dynamically rebalanced between the stock component and the cash component to achieve a target annualized volatility of five percent.
The S&P MARC 5% Index is designed to track the performance of a risk-weighted portfolio consisting of three asset classes — equities, commodities and fixed income — represented by three component indices: the S&P 500® Excess Return Index, the S&P GSCI Gold Excess Return Index and the S&P 10-Year U.S. Treasury Note Futures Excess Return Index. S&P MARC 5% is dynamically rebalanced between the three indices and the cash component to target a five percent level of volatility.
For more information about the Total Value Annuity, including the S&P 500® Low Volatility Daily Risk Control 5% Index and the S&P Multi-Asset Risk Control (MARC) 5% Index, please call Security Benefit at 800-888-2461.
About Security Benefit
Security Benefit, a Kansas-based insurance company celebrating 125 years in business, is a leader in the U.S. retirement market. Founded in 1892 by 11 men with just $11, the company pioneered life insurance for women and everyday people, and quickly established a tradition of community involvement that continues today. As of 2016 year end, the company together with its affiliates had nearly $35 billion in assets under management, offering products in a full range of retirement markets and wealth segments for employers and individuals. Security Benefit is one of the fastest growing U.S. retirement companies and continues its mission of helping everyday Americans to and through retirement. To learn more about Security Benefit, visit www.securitybenefit.com.
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.
Media Contacts:
Sean Logue, Communications Strategy Group
(720) 726-5455
slogue@wearecsg.com
Zoe Gruber, Security Benefit
(785) 438-3035
zoe.gruber@securitybenefit.com
Disclosures
The Total Value Annuity, form 5700 (3-12) and ICC12 5700 (3-12), a fixed index flexible premium deferred annuity contract, the Guaranteed Lifetime Withdrawal Benefit Rider, form 5720 (3-12) and ICC12 5720 (3-12), and the Guaranteed Minimum Death Benefit Rider, 5721 (3-12) and ICC12 5721 (3-12), optional riders available for purchase with the Total Value Annuity and for which charges apply, are issued by Security Benefit Life Insurance Company. Product features and availability may vary by state.
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; 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.
The “S&P 500 Index” “S&P 500 Low Volatility Daily Risk Control 5% Index” and “S&P Multi-Asset Risk Control (MARC) 5% Index” are products of S&P Dow Jones Indices LLC, a division of S&P Global, or its affiliates (“SPDJI”), and have been licensed for use by Security Benefit Life Insurance Company (SBL). Standard & Poor’s® and S&P® are registered trademarks of Standard & Poor’s Financial Services LLC, a division of S&P Global (“S&P”); Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”); and these trademarks have been licensed for use by SPDJI and sublicensed for certain purposes by SBL. The Security Benefit Total Value Annuity is not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, S&P, their respective affiliates, and none of such parties make any representation regarding the advisability of purchasing such product nor do they have any liability for any errors, omissions, or interruptions of the “S&P 500 Index” “S&P 500 Low Volatility Daily Risk Control 5% Index” and/or “S&P Multi-Asset Risk Control (MARC) 5% Index”.
