Advisor 403(b) Program®

At a glance

Product name: Advisor 403(b) Program®
Product type
Variable Annuity
Minimum purchase
Lump sum: $1,000 or $25 recurring premiums
Account type(s):
403(b)
IRA
Roth IRA
Cost
M&E: 0.75% - 0.90%; Annual Admin Fee: 0.15%; Account fee $30 for accounts < $50,000; $0 for accounts>$50,0001
Surrender charges
7-year per deposit
Strategy
Nearly 90 underlying funds + Fixed Account
Optional rider(s):
4% Extra Credit
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The Security Benefit Advisor 403(b) Program is a supplemental retirement savings option designed for employees of public schools and certain other governmental and non-profit organizations. Participants can make contributions through their employer's retirement plan to the Advisor Variable Annuity and provides the tools you need to help your clients build for the future.

Key features
  • Create a personalized portfolio based upon your client’s risk profile and choose from more than 100 different investment options.
  • Manage their portfolio with different investment strategies — from dollar cost averaging to automatic asset reallocation
  • As an unbundled variable annuity you may also choose to add other options and guarantees that fits your client’s specific situation.

Read more about the benefits of the Advisor 403(b) Variable Annuity.

The Advisor Program gives you the opportunity to help you create custom investment strategies for your clients.


110 year or Disability Rider – This rider will automatically be included for contracts issued on or after July 1, 2012 with an additional annual cost of 0.25%. The Company will waive the withdrawal charge in the event of a withdrawal if the Owner has become totally and permanently disabled after the Contract Date and prior to age 65, or after 10 Contract Years if the Owner has made purchase payments no less frequently than quarterly for at least 5 full contract years

 

Application
Enrollment Form
Rates
Effective Date: 10/01/2019
Product/Contract Value Current Rate
Security Benefit Advisor 403(b) Program® Less than $25,0001 (includes IRA) 1.10%
Security Benefit Advisor 403(b) Program® $25,000 or more1 (includes IRA) 1.25%
Guaranteed Minimum Interest Rate 1.00%

Contact us about Advisor 403(b) Program®

Neither Security Benefit Corporation nor its affiliates are fiduciaries. 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, charges, and expenses of the investment options available under the variable annuities offered. You may obtain a prospectus that contains this and other information about the investment options or variable annuity by calling our Service Center at 800.888.2461. You should read the prospectus carefully before investing. Investing in variable annuities involves risk and there is no guarantee of investment results.

Annuities are long-term investments, suitable for retirement investing. The investment return and principal value of an investment in a variable annuity will fluctuate and you may have a gain or loss at redemption.

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; and are unrelated to and not a condition of the provision or term of any banking service or activity. 

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; and are unrelated to and not a condition of the provision or term of any banking service or activity.

See the prospectus for complete product details.

The Security Benefit Advisor 403(b) Program, Contract Form No. V6029, is a flexible premium deferred variable annuity issued by Security Benefit Life Insurance Company (SBL) and distributed by Security Distributors, a subsidiary of SBL. SBL is a subsidiary of Security Benefit Corporation (Security Benefit).