CUSIP Number:
814120101
CUSIP Name:
5 and 7 Year Annuity
Product Policy Type:
Fixed Annuity
Inception Date:
21 Mar 2016
Close Date:
CUSIP Note:
Scrap Book:
The Security Benefit RateTrack Annuity is a single premium deferred annuity issued Security Benefit Life Insurance Company. The minimum initial contribution is $10,000 for non-qualified and qualified money. Surrender schedules vary by interest rate guarantee period chosen and are waived in the event of death, admittance into a nursing home, or diagnosis of a terminal illness. The owner may withdraw up to 10% of the initial premium in the first contract year and up to 10% of the prior contract anniversary Account Value each subsequent year, free of surrender charges. Withdrawals and taxable distributions may be subject to ordinary income tax and if made prior to age 59 1/2, may also be subject to a 10% federal income tax penalty. This is a floating rate annuity whereby interest credited is based in part on a floating rate and can increase during the Guarantee Period and may result in higher interest credits. During the selected guarantee period, the interest crediting structure is comprised of a Guarantee Period Base Rate (set at issue for the length of the Guarantee Period) in addition to the 3 Month ICE LIBOR USD (reset annually on the last business day preceding contract anniversary) subject to a Cap (set at issue for the length of the Guarantee Period). After the selected Guarantee Period, the interest rate will be determined and set on an annual basis but will be no less than the GMIR. Guarantees based on claims paying ability of insurer. Products / features may not be available in all states. This is an annuity contract issued by an insurance company and not a bank product protected by the FDIC. The Free Look period may vary by state.
Last Modified:
16 Dec 2025 11:48