TOPEKA, Kan.–(BUSINESS WIRE)–Security Benefit Life Insurance Company (Security Benefit) today announced the launch of its new Strategic Growth Series Annuities, two new fixed index annuities (FIA) which offer contract-holders the ability to safely accumulate and grow retirement assets without the risk of market losses.

These modified single premium deferred fixed index annuities from one of the industry’s leaders provide the opportunity to select between the Strategic Growth Annuity which features accumulation-oriented caps, participation rates and spreads without a bonus, and the Strategic Growth Plus Annuity, which features a six percent premium bonus with competitive caps, participation rates and spreads. Both annuities also feature new 1-year and 2-year Index Accounts based on the Morningstar Wide Moat Focus Barclays VC 7% Index.

“The Strategic Growth Series Annuities are further evidence of our commitment to provide financial representatives and their clients with exceptional retirement products by using our industry-leading expertise in the fixed index annuity space to help address the need for the safe accumulation and growth of retirement assets,” said Mike Kiley, CEO of Security Benefit.

“We set out to design an annuity series that provides financial representatives and their clients the ability to choose the accumulation options that best meet their short- and long-term retirement needs,” said Doug Wolff, President of Security Benefit Life Insurance Company. “The Strategic Growth Series Annuities offer a host of features and benefits that allow financial representatives to help clients select what is most important to them in their goal of accumulating and growing their retirement savings assets.”

Financial representatives and their clients have the option to allocate the purchase payments among nine available interest crediting options, including three custom indexes through some of the leading names in financial services, S&P, Morningstar, Barclays, and UBS: the S&P 500® Low Volatility Daily Risk Control 5% Index Accounts (1 year and 2 year options), the UBS Market Pioneers Index Accounts (1 year and 2 year options), and the new Morningstar Wide Moat Focus Barclay’s VC 7% Index Accounts (1 year and 2 year options).

The new products both feature nursing home and terminal illness waivers in most states, and a free withdrawal of up to 10 percent of the prior year’s contact anniversary account value, beginning in the second contract year.

Offered through Security Benefit’s exclusive distribution group of select IMOs, financial representatives can visit www.sbelitepartners.com to learn more about the Strategic Growth Series Annuities and how one or both can be used to help clients maximize the ability to accumulate and grow retirement assets.

About Security Benefit

Security Benefit Corporation (“Security Benefit”), through its subsidiary Security Benefit Life Insurance Company, a Kansas-based insurance company that has been in business for more than 127 years, is a leader in the U.S. retirement market. Security Benefit together with its affiliates offers products in a full range of retirement markets and wealth segments for employers and individuals and held $39.6 billion in assets under management as of June 30, 2019. Security Benefit is one of the fastest growing U.S. retirement companies and continues its mission of helping Americans To and Through Retirement®. www.securitybenefit.com

The Security Benefit Strategic Growth Annuity and Strategic Growth Plus Annuity, modified single premium, deferred fixed index annuity contracts are issued by Security Benefit Life Insurance Company (SBL). In most states, the Strategic Growth Annuity and Strategic Growth Plus Annuity are issued on form 5600 (9-19). In Alaska, Connecticut, Indiana, Massachusetts, Minnesota, Missouri, Nevada, New Hampshire, New Jersey, Ohio, Oklahoma, Oregon, Pennsylvania, South Carolina, Texas, Utah, Virginia, and Washington the Strategic Growth Annuity and Strategic Growth Plus Annuity form is ICC19 5600 (9-19). Product features, limitations 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” and the “S&P 500^® Low Volatility Daily Risk Control 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. SBL’s Strategic Growth Annuity and Strategic Growth Plus Annuity are 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 investing in such products nor do they have any liability for any errors, omissions, or interruptions of the S&P 500^® Index and/or the S&P 500^® Low Volatility Daily Risk Control 5% Index.

Neither Barclays Bank PLC (BB PLC) nor any of its affiliates (collectively Barclays) is the issuer or producer of the Strategic Growth Series Annuity (collectively, the Products) and Barclays has no responsibilities, obligations or duties to purchasers in the Products. The Morningstar Wide Moat Focus Barclays VC 7% Index ER (the Index), together with any Barclays indices that are components of the Index, is a trademark owned by Barclays and, together with any component indices and index data, is licensed for use by Security Benefit Life Insurance Company (Security Benefit) as the issuer or producer of the Products (the Issuer).

Barclays’ only relationship with the Issuer in respect of the Index is the licensing of the Index, which is administered, compiled and published by BB PLC in its role as the index sponsor (the Index Sponsor) without regard to the Issuer or the Products or purchasers in the Products. Additionally, Security Benefit as issuer or producer of the Products may for itself execute transaction(s) with Barclays in or relating to the Index in connection with the Products. Purchasers acquire the Products from Security Benefit and purchasers neither acquire any interest in the Index nor enter into any relationship of any kind whatsoever with Barclays upon making an investment in the Products. The Products are not sponsored, endorsed, sold or promoted by Barclays and Barclays makes no representation regarding the advisability of the Products or use of the Index or any data included therein. Barclays shall not be liable in any way to the Issuer, purchasers or to other third parties in respect of the use or accuracy of the Index or any data included therein.

Bloomberg Index Services Limited is the official index calculation and maintenance agent of the Index, an index owned and administered by Barclays. Bloomberg Index Services Limited does not guarantee the timeliness, accurateness, or completeness of the Index calculations or any data or information relating to the Index. Bloomberg Index Services Limited makes no warranty, express or implied, as to the Index or any data or values relating thereto or results to be obtained therefrom, and expressly disclaims all warranties of merchantability and fitness for a particular purpose with respect thereto. To the maximum extent allowed by law, Bloomberg Index Services Limited, its affiliates, and all of their respective partners, employees, subcontractors, agents, suppliers and vendors (collectively, the protected parties) shall have no liability or responsibility, contingent or otherwise, for any injury or damages, whether caused by the negligence of a protected party or otherwise, arising in connection with the calculation of the Index or any data or values included therein or in connection therewith and shall not be liable for any lost profits, losses, punitive, incidental or consequential damages.

The Index is created and maintained solely by Barclays using a combination of U.S. Treasury Futures holdings selected by Barclays and the Morningstar Wide Moat Focus Index^SM (Wide Moat Focus Index) in its entirety. Morningstar, Inc. (Morningstar) has no relationship to Barclays, other than to license Barclays the right to use the Wide Moat Focus Index in the Index. Under this licensing arrangement, Barclays must include the Wide Moat Focus Index in its entirety in the Index. Morningstar has no responsibility for the compilation or maintenance of the Index or its performance, and no liability to anyone for its use. The Morningstar name and logo are registered marks of Morningstar. Morningstar does not guarantee the accuracy, completeness or timeliness of the Wide Moat Focus Index or any data included in it and expressly disclaims any warranties associated with it.

The Products are fixed index annuities created and maintained by Security Benefit. The Products are not sponsored, endorsed, sold, or promoted by Morningstar or any of its affiliates (collectively, the Morningstar Entities). The Morningstar Entities make no representation or warranty, express or implied, to the owners of the Products or any member of the public regarding the advisability of acquiring any financial product, including, without limitation, the Products. The Morningstar Entities are not responsible for and have not participated in: (i) the determination of the participation of the crediting strategy of the Products; (ii) the timing of the issuance or sale of the Products; or (iii) the determination or calculation of the equation by which the Products are converted into cash; and the Morningstar Entities have no obligation or liability in connection with the purchase, administration, marketing, or crediting of interest for the Products.

The UBS Market Pioneers Index (the “Index”) has been licensed to Security Benefit Life Insurance Company (“SBL”). The Index is a composite index developed by UBS AG (“UBS”) based in part on the NYSE^® Zebra Edge^TM U.S. Equity Index, which is used under license from NYSE Group, Inc. (“NYSE”), and the Jim Rogers Global Consumer Commodities Index^TM, which is used under license from Gladys Holdings, LLC (“Gladys”).

Neither SBL nor Strategic Growth Annuity or Strategic Growth Plus Annuity (the “Products”) is sponsored, operated, endorsed, recommended, sold or promoted by Zebra Capital Management, LLC (“Zebra”), NYSE, UBS, Gladys or Solactive AG, the calculation agent for the Index (“Solactive”), or their respective affiliates. In no event shall Zebra, NYSE, UBS, Gladys or Solactive, or any of their affiliates, have any liability with respect to the Index or the Products. None of Zebra, NYSE, UBS, Gladys or Solactive makes any representation or gives any warranty, express or implied, regarding the advisability or possible benefits of purchasing the Products or any other financial product or otherwise. The mark UBS is a registered trademark of UBS. The mark NYSE^® is a registered trademark of NYSE, Intercontinental Exchange, Inc., or their affiliates. The marks Zebra^® and Zebra Edge^TM are trademarks of Zebra. The names Jim Rogers, James Beeland Rogers, Jr., Rogers, and Jim Rogers Global Consumer Commodities Index are trademarks, service marks and/or registered trademarks owned by Gladys or its affiliate Beeland Interests, Inc.