Foundations Annuity

At a glance

Product name: Foundations Annuity
Product type
Fixed Index Annuity
Minimum purchase
$25,000
Account type(s):
403(b)
IRA
Non-qualified
Roth 403(b)
Roth IRA
SEP IRA
Cost
N/A
Surrender charges
5-year; 7-year
Strategy
5 Index Accounts + Fixed Account
Optional rider(s):
Lifetime Income Rider: 0.90%
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How can a fixed index annuity safely grow your clients' retirement savings?

Key features
  • 6 Interest Crediting Accounts to grow retirement savings, without market risk.1
  • 2 Uncapped Index Accounts based off of the S&P 500® Low Volatility Daily Risk Control 5% Index (an annual spread applies) 
  • Optional Lifetime Income Rider (available only on the 7-year contract)
    • 8.0% Benefit Base Roll-up (Simple) guaranteed for up to 15 years or until LAI begins or age 85 — whichever occurs first.
    • 15-year roll-up — Benefit Base has more time to grow than many other contracts.
    • Up to 8.0% Lifetime Withdrawal Rate2 — Payout increases each year, not in bands. Once your client’s LAI is selected, withdrawal rate is locked in.

Volatile markets can be a concern for your clients nearing or in retirement. A fixed index annuity as a portion of your clients’ retirement portfolio can help protect and grow their retirement savings, while offering the advantages of lifetime income through the optional Lifetime Income Rider.

Not available in New York.

Read more about the benefits of the Foundations Annuity.

For more information (including financial professional fact sheets and resources), complete the form below and our team will contact you.


1Rates are subject to change without notice. Rates are posted on SecurityBenefit.com.

2Withdrawals made prior to beginning LAI and withdrawals that exceed the LAI amount reduce the Benefit Base and the LAI. These types of withdrawals reduce future benefits under this Rider by more than the dollar amount of the withdrawals. In addition, during the surrender charge period, withdrawals may also be subject to a market value adjustment and a surrender charge if the withdrawal exceeds the free withdrawal amount under the annuity.

Client Proposals
Rates
Effective Date: 10/07/2019
Index Accounts with Caps 5-yr Cap 7-yr Cap
S&P 500® Annual Point to Point 3.25% 4.25%
S&P 500® Monthly Sum 1.50% 1.75%
S&P 500® Annual Average 3.50% 4.75%
Index Accounts with Spreads 5-yr Spread 7-yr Spread
S&P 500® Low Volatility Daily Risk Control 5% Annual Point to Point 3.20% 2.00%
S&P 500® Low Volatility Daily Risk Control 5% 2-Year Point to Point 2.25% 1.00%
Fixed Account 5-yr Rate 7-yr Rate
Current Interest Rate 1.50% 1.50%
Guaranteed Minimum Interest Rate 1.00% 1.00%
Application

Product videos

Foundations Annuity Lifetime Income Rider

Learn how the Foundations Annuity Lifetime Income Rider could provide you income to last your lifetime.

S&P 500® Low Volatility Annual Index Account

Find out how interest is credited using this uncapped strategy designed to manage market volatility (an annual spread applies).

S&P 500® Annual Point to Point Index Account

Learn how we credit interest based on the percentage change in the index from one contract anniversary to the next.

S&P 500® Monthly Sum Index Account

Find out how interest is calculated based on the sum of the monthly changes from the S&P 500® index value from the previous year (a cap applies to each positive monthly change, but not to negative changes).

S&P 500® Annual Average Index Account

This video shares how interest is calculated based on the average of the monthly ending values of the S&P 500® Index Value and is compared to the Index Value on the previous contract anniversary.

Foundations Annuity Overview

Safely protect and grow your retirement savings, even in volatile markets.

Contact us about Foundations Annuity

FINANCIAL PROFESSIONAL USE ONLY — NOT FOR USE WITH CONSUMERS

The Security Benefit Foundations Annuity, form 5800 (11-10) and ICC10 5800 (11-10), a flexible purchase payment deferred fixed index annuity, and the optional Guaranteed Lifetime Withdrawal Benefit Rider, form 5821 (5-11) and ICC11 5821 (5-11) an optional rider available for purchase with the Foundations Annuity and for which an annual charge applies, are issued by Security Benefit Life Insurance Company. 

Product features vary by state, including but not limited to the Surrender Charge rates, Surrender Charge period and applicability of the Market Value Adjustment.

Bonus annuities may include changes to the elements used to determine the index interest credits or changes to the interest rate that are not included in similar annuities without a bonus. These changes may include lower current interest rates, higher surrender charges, longer surrender charge periods, lower participation rates or caps, higher spreads, or other changes. The amount of charges or reduction in interest credits may exceed the amount of the bonus.

Product not available in New York.

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.

Fixed index annuities are not stock market investments and do not directly participate in any stock or other investments. Unless stated otherwise, market indices do not include dividends paid on the underlying stocks, and therefore do not reflect the total return of the underlying stocks; neither an index nor any market index annuity is comparable to a direct investment in the equity markets. Consumers who purchase index annuities are not directly investing in a stock or other index.

S&P® is a registered trademark of Standard & Poor's Financial Services LLC ("S&P'') and Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC ("Dow Jones"). These trademarks have been licensed for use by S&P Dow Jones Indices LLC. S&P® and S&P 500® are trademarks of S&P and have been sublicensed for certain purposes by Security Benefit Life Insurance Company (Security Benefit). The S&P 500® index is a product of S&P Dow Jones Indices LLC and/or its affiliates and has been licensed for use by Security Benefit. The Security Benefit annuity referenced is not sponsored, endorsed, sold or promoted by S&P Dow Jones Indices LLC, Dow Jones, S&P or their respective affiliates and neither S&P Dow Jones Indices LLC, Dow Jones, S&P or their respective affiliates make any representation regarding the advisability of purchasing such product.

The S&P 500 Index is a product of S&P Dow Jones Indices LLC (“SPDJI”), and has been licensed for use by Security Benefit. Standard and Poor's®, S&P® and S&P 500® are registered trademarks of Standard & Poor's Financial Services LLC (“S&P”); Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”); and these trademarks have been licensed for use by SPDJI and sublicensed for certain purposes by Security Benefit. The Security Benefit annuity referenced is not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, S&P, their respective affiliates, and none of such parties make any representation regarding the advisability of investing in such product nor do they have any liability for any errors, omissions, or interruptions of the S&P 500 Index.