Secure Income Annuity

At a glance

Product name: Secure Income Annuity
Product type
Fixed Index Annuity
Account type(s):
IRA
Non-qualified
Roth IRA
SEP IRA
Surrender charges
10-year
Strategy
Multiple Index interest crediting options plus Fixed Account
Optional rider(s):
GLWB Income Rider: 0.95%
Key features

The Secure Income Annuity, a flexible premium deferred fixed index annuity issued by Security Benefit Life Insurance Company, can be a sensible part of your retirement savings plan. 

Secure Income Annuity offers a combination of contract guarantees, bonus, flexible interest choices and withdrawal options.

Secure Income Annuity offers:

  • Up to 8% bonus1 (vesting schedule applies)
  • 10% free annual withdrawals (not available until beginning of second contract year)
  • Guaranteed Minimum Interest Rate for the Fixed Account
  • Multiple interest-crediting options
  • Nursing Home Waiver2
  • Terminal Illness Waiver2

Plus, the optional GLWB Rider provides:

  • 7.5% annual Roll-up to the Benefit Base3
  • Guaranteed Lifetime Annual Income 
  • Competitive Payout Factors 
  • Single or Joint payout
  • Home Healthcare Doubler4

For more information about Secure Income Annuity speak with your financial professional.


1In AK, IN, ME, MN, MO, NH, NJ, NV, OH, OR, PA, SC, TX, UT and WA, the bonus is 5.5%; in CA the bonus is 7%; in CT and DE, the bonus is 2%.

2Availability varies by state.

3For the first 10 Contract Years, as long as Lifetime Annual Income is not taken and the Owner has not reached age 85, the Benefit Base increases by at least 7.5% on each Contract Anniversary.

4If the Covered Person (or if applicable, the Joint Covered Person) becomes unable to perform at least two of the six basic activities of daily living, the GLWB Home Healthcare Doubler doubles the Lifetime Withdrawal Rate for up to five years, without affecting the Lifetime Annual Income after the 5 year period. After the 5 year period, the Lifetime Withdrawal Rate used to calculate Lifetime Annual Income will revert to the original Lifetime Withdrawal Rate.  The Home Healthcare Doubler requires annual recertification, and may only be applied for once. 

Security Benefit Life Corporation and its affiliates are not a fiduciaries and the information provided is not intended to be investment advice. 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.

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.

Bonus annuities, such as the Secure Income Annuity, 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 of interest credits may exceed the amount of the bonus.

The Security Benefit Secure Income Annuity, a fixed index flexible premium deferred annuity contract, form 5800 (11-10) and ICC10 5800 (11-10) and the Guaranteed Lifetime Withdrawal Benefit (GLWB) Rider, form 5820 (11-10) and ICC10 5820 (11-10), an optional rider available for purchase with the Security Benefit Secure Income Annuity and for which an annual charge applies, are issued by Security Benefit Life Insurance Company (SBL). Product features, limitations and availability vary by state. Guarantees are subject to SBL's financial strength.