Security Benefit Corp. launched its Total Value Annuity, a fixed index annuity offered exclusively through Advisors Excel, Creative Marketing, Gradient Financial and Impact Partnership.
The Total Value Annuity was designed to protect retirement savings and provide interest on those savings. Built with three different interest crediting options, Security Benefit’s newest product offers a fixed interest rate option or performance based interest results from the S&P 500 Index and/or the 5 Year Annuity Linked TVI Index. Annuity owners can choose to allocate all of their money to one interest crediting option or any combination of the three.
“Our Total Value Annuity targets savers with an eye toward asset accumulation and we believe is a sensible part of our retirement savings and income product strategy,” said Doug Wolff, president, Security Benefit Life.
In addition to its flexible interest crediting options, the Total Value Annuity can be structured to provide guaranteed income for life through the optional Guaranteed Lifetime Withdrawal Benefit Rider, or to provide for others upon the owner’s death through the Guaranteed Minimum Death Benefit Rider.