Security Benefit Life

Security Benefit Life’s Total Value Annuity Adds Index Accounts

According to a recent InsuranceNewsNet article, four new index accounts have been added to Security Benefit Life’s Total Value Annuity. With the delay of the DOL’s fiduciary rule, products in this market sector are expected to rise. One- and two-year accounts based on the Standard & Poor’s 500 Low Volatility Daily Risk Control 5% Index were added, as were one- and two-year accounts based on the S&P Multi-Asset Risk Control 5% Index.“Adding new index accounts gives financial... Read More

Security Benefit Expands Variable Annuity Offerings

One of the leaders in the U.S. retirement savings market, Security Benefit, has just announced the expansion of the underlying fund options they have available within the ElightDesigns Suite of Variable Annuities. According to a recent EconoTimes article, the additions bring the total number of fund options with the EliteDesigns products to 313.In an effort to broaden the scope of investment options available in both the EliteDesigns and EliteDesigns II variable annuities, nine new funds... Read More

New FIA from Security Benefit

Whether it’s on travels, new hobbies or grandchildren, many newly retired Americans actively spend in the first ten years of retirement. In an effort to address this trend, Security Benefit Life Insurance Company (Security Benefit) has launched its new fixed index annuity (FIA), Select Benefit Annuity. This product offers contract-holders the ability to accelerate the amount of income withdrawn in the first decade of retirement, giving a little peace of mind, and boost in income, during this... Read More

Many New Players in the Fixed Indexed Annuity Game

Before the final DOL ruling which included indexed annuities in the BICE rule requirements, indexed annuity products were the hottest news in the annuity industry. Sales skyrocketed in 2015 and many companies who weren't big players in the industry before came onto the scene strong. Insurance News Net's Cyril Tuohy wrote about the top selling companies and channels in the article "Crashing The FIA Party: Not Just The Top Companies Driving Growth." It remains to be seen what will happen in the... Read More

Indexed Annuity Sales Winners and Losers

2015 was a record breaking sales year for fixed indexed annuity products, especially in the fourth quarter. Nationwide Financial and AIG had the largest gains last year in indexed annuity sales. Investment News' Greg Iacurci summarized last years winners and losers in the article "Nationwide, AIG see huge gains in fixed indexed annuity sales; Allianz and Security Benefit flounder." 2015's record sales hit $54.5 billion, partly because of continued low interest rates, market volatility, and... Read More

Indexed Annuities Poised to Have a Good Year

Last year was a great year for indexed annuities.  If the rest of the year follows the trend set by the first quarter, 2015 will also be a good year for the indexed annuity industry.  LifeHealthPro's Daniel Williams talked about what happened with indexed annuities in the first quarter in the article "Indexed annuity sales off to strong start in 2015."The total fixed indexed annuity sales during the first quarter were more than $1.3 billion.  This was a 5% decline from sales during the... Read More

Allianz Life Remains Top Seller of Indexed Annuities

Earlier this month I blogged about the incredible fixed annuity sales results in the second quarter.  Those sales were driven by the popularity of fixed indexed annuity products.  In Insurance News Net's article "Indexed Annuity Sales Dominate with Record-Setting Quarter," they focus strictly on what happened with indexed annuities in the second quarter based on Wink, Inc.'s indexed sales results.  Wink's Sales & Market Report collected information from 45 indexed annuity carriers, which... Read More

4 of the Top 5 Fixed Annuity Sellers are Indexed

Last year was the first time ever that all types of fixed annuities had year-over-year annuity sales increases.  Records were shattered all around, which was surprising to some as interest rates remained low.  In the article "Fixed Annuities Continue Strong Sales Pace in 2013, Best Year Since 2009," Beacon Research's Lisa Plotnick summarized the research firm's Fixed Annuity Premium Study.  Income and indexed annuities blew old sales records out of the water with their sales results in... Read More

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