EliteDesigns® II Variable Annuity

At a glance

Product name: EliteDesigns® II Variable Annuity
Product type
Variable Annuity
Minimum purchase
$50,000
Account type
403(b)
IRA
Non-qualified
Roth IRA
Cost
M&E: 1.20%, Annual Admin Fee: 0.25%2
Surrender charges
None
Strategy
300+ underlying funds
Optional riders
Return of Premium Death Benefit: 0.35%1
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As an investment-oriented variable annuity, EliteDesigns II can help solve for wealth accumulation challenges over the long term.

Key features

Return on investment, inflation, and taxes are three significant variables when it comes to achieving investment success. The EliteDesigns II Variable Annuity can help address these challenges.

Read more about the benefits of EliteDesigns II.

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1Provides beneficiaries the greater of the return of Purchase Payments (less withdrawals and premium tax) or the current Contract Value if the contract holder dies before annuity payments have begun, or prior to the payout phase. This feature protects the death benefit from any downside risk from the underlying fund selections. Owners must be age 80 or younger at the time of purchase. This Rider must be selected at the time of contract purchase. 0.35% annual charge.

20.25% for all subaccounts, except for Dimensional and Vanguard subaccounts, which are 0.65%

Application
EliteDesigns® II Variable Annuity Enrollment Form

Contact us about EliteDesigns® II Variable Annuity

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. 

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.

See the prospectus for complete product details.

The EliteDesigns II Variable Annuity, form V6209, 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).