Security Benefit Fixed Index Annuity Complaints

Opening thoughts on the security benefit secure income fixed indexed annuity.

Security benefit fixed index annuity complaints.

Product features vary by state including but not limited to the surrender charge rates surrender charge period and applicability of the market value. Initially founded with just 11 back in 1892 the company has grown and expanded over time and has thrived despite the great depression the great recession and numerous natural disasters. The allegations remain the same. The security benefit secure income annuity a fixed index flexible premium deferred annuity contract form 5800 11 10 and icc10 5800 11 10 and the guaranteed lifetime withdrawal benefit glwb rider form 5820 11 10 and icc10 5820 11 10 an optional rider available for purchase with the security benefit secure income annuity and for.

Security benefit an annuity purveyor whose roots date back a whopping 127 years is no stranger to fixed indexed annuities fias. Security benefit has been in the insurance arena for more than 125 years. Plaintiffs say security benefit manipulated clients to invest most of their fixed indexed annuity account values in the company s synthetic index which performed.