The innovative RateTrack® Annuity, the industry’s first floating rate annuity, allows you to preserve your principal, avoid market risk, and potentially accrue more assets automatically if rates rise.
The RateTrack® Annuity’s Total Credited Interest Rate is tied to the 3 Month ICE LIBOR USD Rate, which has closely tracked the direction of the federal funds rate since its inception.
With a competitive first-year rate and the option to earn more on subsequent contract anniversaries if rates go up, RateTrack® Annuity can be a good complement to other annuities and guaranteed-savings solutions in your portfolio. Plus, the RateTrack® Annuity allows your assets to grow tax deferred.
The LIBOR rate resets annually on the contract anniversary date to allow for interest rate increases inside the safety of a fixed annuity. The LIBOR rate closely tracks the federal funds rate, which is used by banks all over the world to set short-term, adjustable interest rates. LIBOR has averaged approximately 25 basis points higher than the federal funds rate since its inception.
Product is currently not available in Idaho.
Product is not available in New York.
Security Benefit Life Insurance Company is not a fiduciary 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.
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.