Total Value Annuity

At a glance

Product name: Total Value Annuity
Product type
Fixed Index Annuity
Account type(s):
Roth IRA
Surrender charges
Multiple Index interest crediting options plus Fixed Account
Optional rider(s):
GLWB Income Rider: 0.95%, GMDB Death Benefit Rider: 0.95%

The Total Value 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.

Key features

With the Total Value Annuity, you can protect a portion of your retirement savings and receive interest on those savings. Through optional riders it can also provide guaranteed income for life or provide for others upon your death.

The Total Value Annuity offers a combination of contract guarantees, bonus, flexible interest choices and withdrawal options:

  • 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

The optional GLWB (Income) Rider provides: 

  • Up to 8% bonus1 (vesting schedule applies)
  • 4% Stacking Roll-up to the Benefit Base 
  • Competitive Payout Factors 
  • Guaranteed Annual Income 
  • Single or Joint payout 
  • Home Healthcare Doubler2

The optional GMDB (Death Benefit) Rider provides: 

  • Up to 8% bonus1 (vesting schedule applies) 
  • 4% Stacking Roll-up to the Benefit Base 
  • Up to 300% Death Benefit Cap (200% for contracts issued in NJ)
  • RMD friendly 

The GLWB Rider and GMDB Rider cannot be purchased together.

For more information about Total Value Annuity speak with your financial professional.

1The bonus is 8% in most states (if you are age 76 or over and purchase the GMDB Rider, the bonus is reduced by 2%). In AK, CA, IN, ME, MN, MO, NH, NJ, NV, OH, OK, OR, PA, SC, TX, UT and WA, the bonus is 6% (the GMDB Rider is not available in CA); in FL, the bonus is 7%; in CT and DE, the bonus is 2% (and does not increase if a rider is purchased).
2Availability varies by state.

Security Benefit 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.

Security Benefit refers to Security Benefit Life Insurance Company (SBL).

The Security Benefit Total Value Annuity, a fixed index flexible premium deferred annuity contract, form 5700 (3-12) and ICC12 5700 (3-12), the Guaranteed Lifetime Withdrawal Benefit Rider, form 5720 (3-12) and ICC12 5720 (3-12), and the Guaranteed Minimum Death Benefit Rider, form 5721 (3-12), optional riders available for purchase with the Security Benefit Total Value 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.