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Security Benefit Adds Nine Funds to the EliteDesigns® Suite of Variable Annuities
TOPEKA, Kan., Aug. 25, 2017 -- Security Benefit, a leader in the U.S. retirement savings market, has expanded the underlying fund options available within the EliteDesigns Suite of Variable Annuities. The recent additions bring the total number of fund options within the EliteDesigns products to 313.
Nine new funds have been added to both the EliteDesigns and EliteDesigns II variable annuities, broadening the scope of investment options available within its already-robust investment selection. The new funds include eight TOPS® funds, five of which are goal-based strategies ranging from conservative to aggressive based on individual risk tolerances, and three of which are goal-based managed risk strategies. The ninth new fund is a rules-based, non-correlating strategy to manage portfolio volatility from Rational Advisors. The new offerings are listed below:
The TOPS® funds, managed by ValMark Advisers, Inc., are funds of exchange-traded funds (ETFs) available in the EliteDesigns’ lineup. ETFs offer greater transparency and the potential to reduce cash drag compared to mutual funds. Rational Advisors’ Rational Dynamic Momentum Fund, managed by Jerry Parker of Chesapeake Capital Corporation, employs multiple quantitative trading systems that use different time frames for analyzing and identifying trends and emphasizes capital preservation. The Rational Dynamic momentum fund is available exclusively through the EliteDesigns Suite of Variable Annuities.
“Properly planning for retirement demands a diverse mix of investments, including passive and active strategies, as well as strategies to manage portfolio volatility,” said David Byrnes, Security Benefit’s President of Distribution. “These additions to the EliteDesigns Suite of Variable Annuities give clients more tax-deferred, risk-mitigating investment options as they navigate their way To and Through Retirement®.”
The EliteDesigns Suite of Variable Annuities are cost-effective investment-oriented variable annuities featuring tax-free transfers, no redemption fees on the majority of its actively managed strategies and no surrender or withdrawal charges or annual policy fees. The result is a variable annuity that helps clients manage their tax drag on investment income.
About Security Benefit
Security Benefit Life Insurance Company (“Security Benefit”), a Kansas-based insurance company celebrating 125 years in business, is a leader in the U.S. retirement market. Founded in 1892 by 11 men with just $11, the company pioneered life insurance for women and everyday people, and quickly established a tradition of community involvement that continues today. As of 2016 year end, the company together with its affiliates had nearly $35 billion in assets under management, offering products in a full range of retirement markets and wealth segments for employers and individuals. Security Benefit is one of the fastest growing U.S. retirement companies and continues its mission of helping everyday Americans to and through retirement. To learn more about Security Benefit, visit www.securitybenefit.com.
Neither Security Benefit Life Insurance Company nor Security Distributors is 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.
You should carefully consider the investment objectives, risks and charges and expenses of the variable annuity and its underlying investment options before investing. You may obtain a prospectus for the variable annuity and prospectuses or summary prospectuses (if available) for the underlying investment options by calling 800.888.2461. You should read the prospectuses carefully before investing. Investing in variable annuities involves risk and there is no guarantee of investment results.
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 and not a condition of the provision or term of any banking service or activity.
Annuities are long-term investments suitable for retirement investing.
The investment return and principal value of an investment in the EliteDesigns Suite of Variable Annuities will fluctuate and you may have a gain or loss at redemption. There is no additional tax-deferral benefit for an annuity contract purchased in an IRA or other tax-qualified plan. Variable annuities are issued by Security Benefit Life Insurance Company (SBL) and distributed by Security Distributors, a wholly owned subsidiary of SBL. SBL is not authorized in the state of New York and does not transact the business of insurance in the state of New York. SBL is a subsidiary of Security Benefit Corporation (“Security Benefit”). The EliteDesigns Variable Annuity and EliteDesigns II Variable Annuity (form V6029 (11-00)) are flexible premium deferred variable annuities.
Security Benefit, its affiliates and subsidiaries and their respective employees and representatives do not provide tax, accounting or legal advice. Any statements contained herein concerning taxes were not intended as and should not be construed as tax advice, nor should they be used for the purpose of avoiding federal, state or local taxes and/or tax penalties. Please seek independent tax, accounting or legal advice.
Media Contacts: Sean Logue, Communications Strategy Group (720) 726-5455 email@example.com Zoe Gruber, Security Benefit (785) 438-3035 firstname.lastname@example.org