“We are excited to offer the new TopRidge Bonus Annuity which is packed with features to help financial professionals jumpstart the accumulation potential of clients’ retirement assets, and also offers flexibility in how clients can access their funds via the cumulative free withdrawal rider,” said Justin Jacquinot, Head of IMO & RIA Distribution at Security Benefit.

The Cumulative Free Withdrawal Rider with Rider Charge Refund allows clients to withdraw up to 30% of their total premiums without charges or penalties. If a client does not take the 10% free withdrawal (excluding the bonus), it starts to roll up the following year to a maximum of 30% for any 3-year contract period. The free withdrawals are made without a surrender charge, bonus recapture, or market value adjustment (MVA). If a partial amount of the free withdrawal is taken, the remaining amount cannot to be carried over, however, the Cumulative Free Withdrawal will restart in subsequent contract years.

TopRidge has a broad set of index crediting strategies covering various equity asset classes from large- and small-cap to technology and international, to provide a diverse array of allocation options. “The range of indices allows clients to select crediting strategies within the product that align with their assessment of market conditions,” added Jacquinot. The indices include:

The S&P 500^® is a stock market index tracking the performance of 500 large companies listed on stock exchanges in the United States. The Index is a price return index (does not include dividends). It is one of the most commonly followed equity indices.

The NASDAQ-100^® Index includes 100 of the largest domestic and international non-financial companies listed on The NASDAQ Stock Exchange based on market capitalization. The Index reflects companies across major industry groups including computer hardware and software, telecommunications, retail/wholesale trade and biotechnology. It does not include securities of financial companies including investment companies.

The MSCI EAFE Index is an equity index which captures large and mid-cap representation across 21 Developed Markets countries around the world, excluding the US and Canada. The index covers approximately 85% of the free float-adjusted market capitalization in each country.

The Russell 2000^® Index measures the performance of the small-cap segment of the US equity universe. The Russell 2000^® Index is a subset of the Russell 3000^® Index representing approximately 7% of the total market capitalization of that index, as of the most recent reconstitution. It includes approximately 2,000 of the smallest securities based on a combination of their market cap and current index membership. The Russell 2000 is constructed to provide a comprehensive and unbiased small-cap barometer and is completely reconstituted annually to ensure larger stocks do not distort the performance and characteristics of the true small-cap opportunity set.

The S&P 500^® Dynamic Intraday TCA Index aims to provide exposure to the S&P 500^® through the use of E-mini S&P 500 futures, while applying an intraday volatility control and trend-following mechanism. The index rebalances up to 13 times daily using a time-weighted average price.

The Morgan Stanley Global Equity Allocator Index provides exposure to global equities by employing a momentum-based allocation. Targeting a 10% realized volatility, the Index adjusts exposure to U.S. equities intraday while adjusting all other allocations end of day. A variable index deduction factor is deducted daily from the Index’s performance.

The Societe Generale AI Navigator Index utilizes an innovative natural language processing algorithm to analyze the quarterly earnings calls of the largest US companies to select those which have the best perceived outlook based on a sentiment score. The Index portfolio is comprised of approximately 100 stocks, including those with the most positive sentiment determined by the algorithm. To limit drawdown during volatile periods, the Index actively monitors market sentiment and adjusts its net equity exposure daily by taking a tactical short position in the SPDR S&P 500 ETF. The Index includes an enhanced volatility control mechanism that aims to keep volatility near 8%.

The MSCI BofA U.S. Dualcast Index applies real-time economic data estimates with an aim to select assets ahead of the curve. With AI technology advancement in analyzing big data, MSCI’s data partner QuantCube provides daily U.S. GDP growth and inflation estimates, up to 3 months ahead of official releases. MSCI collaborated with Bank of America and QuantCube Technology to develop this innovative index. It is designed to adapt to the current economic regime by allocating to index components that represent 5 asset classes: U.S. equities, U.S. Treasuries, Gold, Industrial Metals, and a currency basket that aims to represent the international value of the U.S. dollar. The index rebalances daily to target a volatility of 8%.

Offered through Security Benefit’s exclusive distribution group of select IMOs, financial professionals can visit www.sbelitepartners.com to learn more about the TopRidge Bonus Annuity and how it can help their clients protect and accumulate retirement assets.

About Security Benefit

Security Benefit Life Holdings (“Security Benefit”), through its subsidiary Security Benefit Life Insurance Company (SBLIC), a Kansas-domiciled insurance company that has been in business for more than 132 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 $52.8 billion in assets under management as of June 30, 2024. Security Benefit, an Eldridge business, continues its mission of helping Americans To and Through Retirement^®. Learn more at www.securitybenefit.com and follow us on LinkedIn, Facebook, or X (formerly Twitter).

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FINANCIAL PROFESSIONAL USE ONLY

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.

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

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.

Neither Security Benefit Life Insurance Company nor its representatives offer accounting, legal, or tax advice. Please consult with your personal accountant, attorney, and/or advisor regarding any accounting, legal, or tax matters.

S&P 500^® Disclosure: The “S&P 500 Index” and the “S&P 500 Dynamic Intraday TCA Index” are products of S&P Dow Jones Indices LLC or its affiliates (“SPDJI”) and have been licensed for use by Security Benefit Life Insurance Company (SBL). S&P^®, S&P 500^®, US 500, The 500, iBoxx^®, iTraxx^® and CDX^® are trademarks of S&P Global, Inc. or its affiliates (“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 TopRidge Bonus 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 the TopRidge Bonus Annuity nor do they have any liability for any errors, omissions, or interruptions of the above-named indices.

Nasdaq-100^® Disclosure: The Product(s) is not sponsored, endorsed, sold or promoted by Nasdaq, Inc. or its affiliates (Nasdaq, with its affiliates, are referred to as the “Corporations”). The Corporations have not passed on the legality or suitability of, or the accuracy or adequacy of descriptions and disclosures relating to, the Product(s). The Corporations make no representation or warranty, express or implied to the owners of the Product(s) or any member of the public regarding the advisability of purchasing annuities generally or the Product(s) particularly, or the ability of the Nasdaq-100® Index to track general stock market performance. The Corporations’ only relationship to Security Benefit Life Insurance Company (“Licensee”) is in the licensing of the Nasdaq^® and certain trade names of the Corporations and the use of the Nasdaq-100^® Index which is determined, composed and calculated by Nasdaq without regard to Licensee or the Product(s). Nasdaq has no obligation to take the needs of the Licensee or the owners of the Product(s) into consideration in determining, composing or calculating the Nasdaq-100® Index. The Corporations are not responsible for and have not participated in the determination of the timing of, prices at, or quantities of the Product(s) to be issued or in the determination or calculation of the equation by which the Product(s) is to be converted into cash. The Corporations have no liability in connection with the administration or marketing of the Product(s).

THE CORPORATIONS DO NOT GUARANTEE THE ACCURACY AND/OR UNINTERRUPTED CALCULATION OF NASDAQ-100^® INDEX OR ANY DATA INCLUDED THEREIN. THE CORPORATIONS MAKE NO WARRANTY, EXPRESS OR IMPLIED, AS TO RESULTS TO BE OBTAINED BY LICENSEE, OWNERS OF THE PRODUCT(S), OR ANY OTHER PERSON OR ENTITY FROM THE USE OF THE NASDAQ-100^® INDEX OR ANY DATA INCLUDED THEREIN. THE CORPORATIONS MAKE NO EXPRESS OR IMPLIED WARRANTIES, AND EXPRESSLY DISCLAIM ALL WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE WITH RESPECT TO THE NASDAQ-100^® INDEX OR ANY DATA INCLUDED THEREIN. WITHOUT LIMITING ANY OF THE FOREGOING, IN NO EVENT SHALL THE CORPORATIONS HAVE ANY LIABILITY FOR ANY LOST PROFITS OR SPECIAL, INCIDENTAL, PUNITIVE, INDIRECT, OR CONSEQUENTIAL DAMAGES, EVEN IF NOTIFIED OF THE POSSIBILITY OF SUCH DAMAGES.

Russell 2000^® Disclosure: The TopRidge Bonus Annuity (the “Product”) has been developed solely by Security Benefit Life Insurance Company. The Product is not in any way connected to or sponsored, endorsed, sold or promoted by the London Stock Exchange Group plc and its group undertakings (collectively, the “LSE Group”). FTSE Russell is a trading name of certain of the LSE Group companies.

All rights in the Russell^® 2000 (the “Index”) vest in the relevant LSE Group company which owns the Index. “Russell^®” is a trademark(s) of the relevant LSE Group company and is used by any other LSE Group company under license.

The Index is calculated by or on behalf of FTSE International Limited or its affiliate, agent or partner. The LSE Group does not accept any liability whatsoever to any person arising out of (a) the use of, reliance on or any error in the Index or (b) investment in or operation of the Product. The LSE Group makes no claim, prediction, warranty or representation either as to the results to be obtained from the Product or the suitability of the Index for the purpose to which it is being put by Security Benefit Life Insurance Company.

MSCI Disclosure: The MSCI indexes are the exclusive property of MSCI Inc. (“MSCI”). MSCI and the MSCI index names are service mark(s) of MSCI or its affiliates and have been licensed for use for certain purposes by Security Benefit Life Insurance Company. The financial products referred to herein are not sponsored, endorsed, or promoted by MSCI, and MSCI bears no liability with respect to any such financial products or any index on which such financial products are based. The annuity contract contains a more detailed description of the limited relationship MSCI has with Security Benefit Life Insurance Company and any relevant financial products. No purchaser, seller or holder of this product, or any other person or entity, should use or refer to any MSCI trade name, trademark or service mark to sponsor, endorse, market or promote this product without first contacting MSCI to determine whether MSCI’s permission is required. Under no circumstances may any person or entity claim any affiliation with MSCI without the prior written permission of MSCI.

Morgan Stanley Disclosure: MORGAN STANLEY GLOBAL EQUITY ALLOCATOR INDEX (THE “INDEX” OR “MSGE INDEX”) IS THE PROPERTY OF MORGAN STANLEY & CO. LLC.

ANY PRODUCT THAT IS LINKED TO THE PERFORMANCE OF THE INDEX IS NOT SPONSORED, ENDORSED, SOLD OR PROMOTED BY MORGAN STANLEY & CO. LLC, OR ANY OF ITS AFFILIATES (COLLECTIVELY, “MORGAN STANLEY”). NEITHER MORGAN STANLEY NOR ANY OTHER PARTY (INCLUDING WITHOUT LIMITATION ANY CALCULATION AGENTS OR DATA PROVIDERS) MAKES ANY REPRESENTATION OR WARRANTY, EXPRESS OR IMPLIED, REGARDING THE ADVISABILITY OF PURCHASING ANY PRODUCT LINKED TO THIS INDEX. IN NO EVENT SHALL MORGAN STANLEY HAVE ANY LIABILITY FOR ANY SPECIAL, PUNITIVE, INDIRECT OR CONSEQUENTIAL DAMAGES INCLUDING LOST PROFITS, EVEN IF NOTIFIED OF THE POSSIBILITY OF SUCH DAMAGES. THE INDEX IS THE EXCLUSIVE PROPERTY OF MORGAN STANLEY. MORGAN STANLEY AND THE INDEX ARE SERVICE MARKS OF MORGAN STANLEY AND HAVE BEEN LICENSED FOR USE FOR CERTAIN PURPOSES BY SECURITY BENEFIT LIFE INSURANCE COMPANY (“LICENSEE”). NEITHER MORGAN STANLEY NOR ANY OTHER PARTY HAS OR WILL HAVE ANY OBLIGATION OR LIABILITY TO OWNERS OF THIS PRODUCT IN CONNECTION WITH THE ADMINISTRATION OR MARKETING OF THIS PRODUCT, AND NEITHER MORGAN STANLEY NOR ANY OTHER PARTY GUARANTEES THE ACCURACY AND/OR THE COMPLETENESS OF THE INDEX OR ANY DATA INCLUDED THEREIN.

No purchaser, seller or holder of this product, or any other person or entity, should use or refer to any Morgan Stanley trade name, trademark or service mark to sponsor, endorse, market or promote this product, without first contacting Morgan Stanley to determine whether Morgan Stanley’s permission is required. Under no circumstances may any person or entity claim any affiliation with Morgan Stanley without the prior written permission of Morgan Stanley.

The Index includes a variable index deduction mechanism that scales upward based on positive performance of the Index. Such index deduction is applied when calculating the level of the Index and will thus reduce the return of the Index and any product linked to the Index. The Index applies a bespoke volatility control mechanism to identify changing market conditions using intraday data and stabilize the overall level of risk of the Index. The volatility control calculation applied by Morgan Stanley as part of the Index’s methodology may decrease the Index’s performance and thus the return of any product linked to the Index. In addition, because the volatility control calculation is expected to reduce the overall volatility of the Index, it will also reduce the cost of hedging certain products linked to the Index.

Morgan Stanley may transact derivative transactions linked to the Index. Potential purchasers of products linked to this Index should refer to the full offering document for important information concerning such products, including the related risk factors and determine their own appraisal of the risks and suitability of such products.

Societe Generale (SG) Disclosure: The SG AI Navigator Index (the “Index”) is the exclusive property of SG Americas Securities, LLC (SGAS, together with its affiliates, “SG”). SG has contracted with S&P Opco, LLC (a subsidiary of S&P Dow Jones Indices LLC) (“S&P”) to maintain and calculate the Index. “Société Générale”, “SG”, “SG Americas Securities, LLC”, “SGAS”, “Soc Gen”, and “SG AI Navigator Index” (collectively, the “SG Marks”) are trademarks or service marks of SG. SG has licensed use of the SG Marks to Security Benefit Life Insurance Company (“Security Benefit”) for use in a fixed indexed annuity offered by Security Benefit Life Insurance Company (the “Fixed Indexed Annuity”). SG’s sole contractual relationship with Security Benefit is to license the Index and the SG Marks.

None of SG, S&P, or any other third party licensor, including Alexandria Investment Research and Technology, Inc., and Salt Financial LLC and any affiliate of Salt Financial LLC (“Salt”) (each, an “Index Party” and collectively, the “Index Parties”) to SG is acting, or has been authorized to act, as an agent of Security Benefit or has in any way sponsored, promoted, solicited, negotiated, endorsed, offered, sold, issued, supported, structured or priced the Fixed Indexed Annuity or provided investment advice to Security Benefit, and no Index Party makes any representation whatsoever as to the advisability of purchasing, selling or holding any product linked to the Index, including the Fixed Indexed Annuity. No Index Party shall have any liability with respect to the Fixed Indexed Annuity in which an interest crediting option is based on the Index and is not liable for any loss relating to the Fixed Indexed Annuity, whether arising directly or indirectly from the use of the Index, its methodology, any SG Mark or otherwise. Obligations to make payments under the Fixed Indexed Annuity are solely the obligation of Security Benefit. The selection of the Index as a crediting option under a Fixed Indexed Annuity does not obligate Security Benefit or SG to invest annuity payments in the components of the Index.

In calculating the performance of the Index, SG deducts a maintenance fee of 0.50% per annum, calculated on a daily basis. This fee will reduce the potential positive change in the Index and increase the potential negative change in the Index. While the volatility control applied by SG may result in less fluctuation in rates of return as compared to indices without volatility controls, it may also reduce the overall rate of return as compared to products not subject to volatility controls.

The Fixed Indexed Annuity is not sponsored, endorsed, sold or promoted by Salt. Nor does Salt make any representation regarding the advisability of purchasing the Fixed Indexed Annuity.

Alexandria Technology (a.k.a. Alexandria Investment Research and Technology, Inc.) makes no recommendation as to the suitability of purchasing the Fixed Indexed Annuity.

MSCI BofA Disclosure: The MSCI indices are the exclusive property of MSCI Inc. (“MSCI”) but may be calculated and/administered by third parties appointed by MSCI. MSCI and the MSCI index names are service mark(s) of MSCI or its affiliates and have been licensed for use for certain purposes by Security Benefit Life Insurance Company. In connection with the MSCI indices, MSCI has licensed the use of certain marks and methodology from BofA Securities, Inc., and other information directly or indirectly from suppliers (collectively with MSCI, the “Licensors”). The financial products referred to herein are not sponsored, operated, endorsed, sold or promoted by the Licensors, and the Licensors bear no liability with respect to any such financial products or any index on which such financial products are based. Obligations to make payments under any such financial products are solely the obligation of Licensee pursuant to the term of the contract and are not the responsibility of the Licensors. The annuity contract contains a more detailed description of the limited relationship MSCI has with Security Benefit Life Insurance Company and any relevant financial products. No purchaser, seller or holder of this product, or any other person or entity, should use or refer to any Licensor trade name, trademark or service mark to sponsor, endorse, market or promote this product without first contacting the relevant Licensor to determine whether its permission is required. Under no circumstances may any person or entity claim any affiliation with a Licensor without the prior written permission of such Licensor.

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