Security Benefit offers floating-rate fixed annuity

June 16, 2016 by RIJ Editorial Staff

Security Benefit Life Insurance Company has launched what it calls the fixed annuity industry’s first floating-rate product, designed to fit a world where interest rates seem to have only one direction in which to go.   

Called RateTrack, the single premium deferred fixed annuity allows clients to participate “automatically” at the beginning of each contract year in a rising interest rate environment, as opposed to being locked into a fixed rate for the life of the contract.

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Originally Posted at Retirement Income Journal on June 16, 2016 by RIJ Editorial Staff.