Q:

What is a security benefit annuity?

A:

Quick Answer

A Security Benefit annuity is an annuity issued by Security Benefit Life Insurance Company, states the Security Benefit website. Security Benefit offers several different annuity types including fixed annuities, fixed indexed annuities and variable annuities.

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Full Answer

One of the products offered by Security Benefit Life Insurance Company is the Security Benefit Total Value Annuity, notes the company website. The Total Value Annuity gives customers the opportunity to receive interest on a portion of their retirement savings as well as the ability to purchase separate riders so they can customize their savings options. Other available annuities include the Foundations and Secure Income fixed indexed annuity options along with the Advanced Choice, Total Interest, Choice, Premier Choice and Lighthouse Select fixed annuity options.

Individuals can use the tools on the company website to view all available products, compare prices and download applicable forms. The website also offers financial calculators to help consumers make informed buying choices, determine their savings needs and review retirement regulations and eligibility requirements. Policy and rider availability vary by state, so customers should contact an associate for available options.

As of 2015, to ask individual questions and purchase a policy, customers can contact a customer service associate by calling the Service Center at (800) 888-2461.

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