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Neither Security Benefit Corporation nor its affiliates are fiduciaries. 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.
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, and charges and expenses of the variable annuity and its underlying investment options and/or mutual funds before investing. You may obtain a prospectus for the variable annuity and prospectuses or summary prospectuses (if available) for the underlying investment options and/or the prospectuses or summary prospectuses of the mutual funds by calling our Service Center at 1-800-888-2461. You should read the prospectuses carefully before investing. Investing in variable annuities and/or mutual funds involves risk and there is no guarantee of investment results.
The Scarborough Advantage Variable Annuity, Contract Form No. GV6059, is a flexible purchase payment deferred variable annuity issued by Security Benefit Life Insurance Company and distributed by Security Distributors.
The Local Union IRA is an IRA Custodial Account under §408(a) of the Internal Revenue Code. Securities are offered through Security Distributors, a subsidiary of Security Benefit Life Insurance Company (SBL). SBL is a subsidiary of Security Benefit Corporation (Security Benefit).