Security Benefit Secure Income Annuity Statement Of Understanding

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Security benefit secure income annuity statement of understanding.

Highlighted on the following pages are some of the features and guarantees that the security benefit secure income annuity offers. The security benefit foundations annuity form 5800 11 10 and icc10 5800 11 10 a flexible purchase payment deferred fixed index annuity is issued by security benefit life insurance company. The security benefit strategic growth annuity a modified single premium deferred fixed index annuity contract issued by security benefit life insurance company sbl. 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 security benefit total value annuity a fixed index flexible premium deferred annuity contract form 5700 3 12 and icc12 5700 3 12 the guaranteed lifetime withdrawal benefit rider form 5720 3 12 and icc12 5720 3 12 and the guaranteed minimum death benefit rider form 5721 3 12 optional riders available for purchase with the security benefit total value annuity and for which. In most states the strategic growth annuity is issued on form 5600 9 19. Product features vary by state including but not limited to the surrender charge rates surrender charge period and applicability of the market value. 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.

It is used as a factor to determine a future monthly or annual income benefit. Secure income annuity select benefit annuity total value annuity tax deferred growth elitedesigns variable annuity elitedesigns ii variable annuity. It should be read with the secure income annuity statement of understanding sou which includes an explanation of the annuity. If you are deaf or hard of hearing call our toll free tty number 1 800 325 0778 between 8 00 a m.

Congress also passed the coronavirus aid relief and economic security cares act which was signed into law on march 27 2020. The income value is not the amount you will receive at the end of your contract term. Security benefit has been in the insurance arena for more than 125 years.