Security Benefit Launches Innovative Total Value Annuity
April 2, 2012 - Security Benefit Corporation, a leading provider
of retirement savings and income vehicles throughout the nation,
today announced the launch of its Total Value Annuity, a fixed
index annuity (FIA) offered exclusively through four elite
independent marketing organizations (IMOs).
"We're building on the success of our recent efforts to put
unique and competitive products into the hands of respected
national distribution organizations," said Michael P. Kiley,
Security Benefit Corporation Chief Executive Officer. "We are eager
to again partner with Advisors Excel, together with three other
elite marketing organizations, Creative Marketing, Gradient
Financial and Impact Partnership."
Through this very timely offering, Security Benefit is
leveraging its state-of-the-art administrative platform as well as
the highly effective distribution model that proved so effective
with last year's Secure Income Annuity (SIA) launch.
"Our Total Value Annuity targets savers with an eye toward asset
accumulation and we believe is a sensible part of our retirement
savings and income product strategy," said Doug Wolff, President,
Security Benefit Life.
"Our TVA extends Security Benefit's fixed index annuity product
line that includes the SIA and has rapidly become one of the top
four selling products in the industry,* positioning Security
Benefit as one of the fastest growing fixed index annuity providers
in the nation."
The Total Value Annuity comes as close to fully addressing the
retirement challenge as any product on the market. Kiley expects
his firm's latest offering to help financial advisors and their
clients address the three most important issues they face as they
plan their financial future:
• Accumulation with Minimized
• Guaranteed Income for Life,
• Death Benefit Option for Wealth
Transfer to Heirs
The Total Value Annuity was designed to protect retirement
savings and provide interest on those savings. Built with three
different interest crediting options, Security Benefit's newest
product offers a fixed interest rate option or performance based
interest results from the S&P 500® Index and/or the
5 Year Annuity Linked TVI Index (ALTVI). Annuity owners can choose
to allocate all of their money to one interest crediting option or
any combination of the three.
The ALTVI was built with a goal of providing positive returns
through diversification, non-correlation and stabilized volatility.
Its index provides the Total Value Annuity a unique alternative to
the performance of traditional asset classes. In addition to its
flexible interest crediting options, the Total Value Annuity can be
structured to provide guaranteed income for life through the
optional Guaranteed Lifetime Withdrawal Benefit Rider, or to
provide for others upon the owner's death through the Guaranteed
Minimum Death Benefit Rider.
"We believe our TVA can be a sensible part of retirement
savings, and addresses many of the challenges and issues faced when
approaching or entering retirement," said Wolff. "
For more information, please contact:
Michel' Cole, Security Benefit Corporation
Laura Parsons, CSG-PR
About Security Benefit Corporation
Founded in 1892, Security Benefit Corporation, a Guggenheim
Partners Company, is a leading provider of savings and income
solutions for America's pre-and post-retirees. Security Benefit
Corporation targets multiple wealth segments and channels of
distribution through an independent, merit-based distribution
structure. By leveraging Guggenheim's superior general account
management capabilities into highly competitive products, Security
Benefit Corporation focuses on the retirement savings market
providing a full range of services to independent distributors
including broker/dealers, IMOs and other financial service
providers. Security Benefit is indirectly controlled by Guggenheim
Partners, LLC. 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 about Security Benefit or se2, visit www.securitybenefit.com or www.se2.com.
About Guggenheim Partners
Guggenheim Partners is a privately held global financial
services firm with more than $125 billion in assets under
management. The firm provides asset management, investment banking
and capital markets services, insurance, institutional finance and
investment advisory solutions to institutions, governments and
agencies, corporations, investment advisors, family offices and
individuals. Guggenheim Partners is headquartered in New York and
Chicago and serves clients around the world from more than 25
offices in 10 countries. For more information, please visit www.guggenheimpartners.com.
The Security Benefit Total Value Annuity (Form 5700 (3-12) and
ICC 12 5700 (3-12)),, a flexible premium deferred fixed index
annuity contract, the Guaranteed Lifetime Withdrawal Benefit (GLWB)
Rider (form 5720 (3-12) and ICC 12 5720 (3-12)) and the Guaranteed
Minimum Death Benefit (GMDB) Rider (Form 5721 (3-12)), optional
riders available for purchase with the Security Benefit Total Value
Annuity, are 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 fromAnnuitySpecs.com's Indexed Sales
& Market Report, 4Q2011, of all the Indexed Annuity products
sold, Security Benefit went from unranked on 1/1/2011 to number 4
in Indexed Annuity Sales as of 12/31/11.
The Annuity Linked TVI Index, ALTVI, RBS, The Royal Bank of
Scotland and the DAISY device logo are trademarks of The Royal Bank
of Scotland Group plc and have been licensed for use by The Royal
Bank of Scotland Group plc or one of its affiliates. Security
Benefit Life Insurance Company annuities are not sponsored,
endorsed, sold or promoted by The Royal Bank of Scotland plc or The
Royal Bank of Scotland Group plc. The Royal Bank of Scotland
plc and The Royal Bank of Scotland Group plc make no representation
and offer no advice with regard to purchasing any Security Benefit
annuity. None of The Royal Bank of Scotland plc or any of its
officers, employees, representatives or agents accept any
responsibility for the appropriateness or suitability of any
Security Benefit annuity for any purchaser, the performance of the
Annuity Linked TVI Index or any Security Benefit annuity or the
accuracy or completeness of this document.
TVI, TVI Index, Trader Vic Index, EAM
Partners L.P., and EAM are trademarks of EAM Partners L.P. ("EAM").
The Trader Vic Index™ was created and is owned by EAM. EAM
developed, maintains and is the sole party responsible for the
methodology that is employed in connection with the Trader Vic
Index™. RBS has provided a contribution to the Trader Vic Index™ in
a limited manner. RBS's contribution is limited to performing
calculations and data distribution in connection with the Trader
Vic Index™. EAM does not sponsor, endorse, sell, or promote this or
any annuity contract or other vehicle that is offered by third
parties and that seeks to provide an investment return based on the
returns of the Trader Vic Index™, nor shall EAM be liable for any
errors, misstatements or omissions in any communications with
respect thereto. A decision to invest in any such annuity contract
or other vehicle should not be made in reliance on any of the
statements set forth in this document. Prospective purchasers are
advised to make such a decision only after carefully considering
the risks associated with purchasing such an annuity or other
vehicle, as detailed in the offering materials prepared by or on
behalf of the issuer of the annuity contract or vehicle.
Services are offered through Security Distributors, Inc., a
subsidiary of Security Benefit Corporation (Security Benefit).
©2012 Security Benefit Life Insurance Company. All rights