RateTrack® Annuity

At a glance

Product name: RateTrack® Annuity
Product type
Fixed Annuity
Minimum purchase
$10,000
Account type(s):
403(b)
IRA
Non-qualified
Roth IRA
SEP IRA (rollover only)
Surrender charges
5-year Term; 7-year Term
Strategy
Floating Rate Annuity
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Do you want to help your conservative clients preserve principal and still participate automatically if rates rise?

Key features
  • RateTrack® Annuity is tied to the 3 Month ICE LIBOR USD Rate, which has tracked about 25 basis points higher than the federal funds rate since its inception.
  • The LIBOR rate has quadrupled since Security Benefit launched RateTrack® Annuity in March 2016.
  • See how RateTrack® Annuity Owners have benefited from the renewal rate on their Total Credited Interest Rate. 

RateTrack® Annuity, the industry's first floating rate annuity, offers unprecendented potential for automatic growth as rates rise without incurring market risk.

The Federal Open Market Committee has raised rates nine times since December 2015 and could increase rates further. If rates go up, the LIBOR rate would be expected to rise too. 

Let Security Benefit assist you and your clients by taking advantage of our RateTrack® Annuity solution. 

Read more about the benefits of RateTrack®.

For more information about RateTrack® Annuity, call our Sales Team at 800.747.5164, option 3.

Calculators
Rates
Effective Date: 06/17/2019 5 Year 7 Year
Guarantee Period Base Rate 0.45% 0.55%
3 Month ICE LIBOR USD Rate (subject to caps shown below) 2.45% 2.45%
Total Credited Interest Rate (1st Year) (Guarantee Period Base Rate + 3 Month ICE LIBOR USD Rate) 2.90% 3.00%
Based on 3 Month ICE LIBOR USD Rate caps indicated below, the Total Credited Interest Rate will not exceed 4.70% 4.80%
Caps 4.25% 4.25%
Guaranteed Minimum Interest Rate 1.30% 1.30%
Application

Product videos

Why LIBOR?

What is RateTrack® Annuity?

Contact us about RateTrack® Annuity

FINANCIAL PROFESSIONAL USE ONLY — NOT FOR USE WITH CONSUMERS

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.

The Security Benefit RateTrack® Annuity, form ICC15 5300 (12-15) and 5300 (12-15), a single premium deferred fixed annuity, is issued by Security Benefit Life Insurance Company. Product features, limitations, and availability vary by state.

ICE BENCHMARK ADMINISTRATION LIMITED MAKES NO WARRANTY, EXPRESS OR IMPLIED, EITHER AS TO THE RESULTS TO BE OBTAINED FROM THE USE OF ICE LIBOR AND/OR THE FIGURE AT WHICH ICE LIBOR STANDS AT ANY PARTICULAR TIME ON ANY PARTICULAR DAY OR OTHERWISE.

ICE BENCHMARK ADMINISTRATION LIMITED MAKES NO EXPRESS OR IMPLIED WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE FOR USE WITH RESPECT TO SECURITY BENEFIT RATETRACK® ANNUITY.