An innovative product, RateTrack® Annuity offers you unprecedented potential for principal protection and growth in a rising rate environment.

What Is RateTrack® Annuity?

Security Benefit Life Insurance Company (Security Benefit) has pioneered the RateTrack® Annuity, the first in the industry to incorporate a floating rate of interest that allows you to preserve principal and grow savings automatically as interest rates rise. You may find the RateTrack® Annuity a good complement to your portfolio to help you meet financial goals and fulfill your retirement aspirations, whether you’re helping a grandchild with college expenses, remodeling your home or taking a trip to discover new destinations or reconnect with people and places meaningful to you.

Security Benefit’s RateTrack® Annuity is a first-of-its-kind floating rate product to help you navigate To and Through Retirement®.

RateTrack® Annuity received Wink, Inc.,’s 2017 Excellence in Annuity Innovation Award out of a field of 307 non-variable deferred annuities introduced during a two-year period.1

 

 

Here’s How Your Interest is Calculated

Since RateTrack® Annuity launched in March 2016, the Federal Reserve has raised interest rates nine times. 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. Since March 2016, the LIBOR rate has quadrupled.2

Check out rates to see how the industry’s first floating rate annuity can complement your savings strategy.

View Rates

1Wink, Inc., a competitive intelligence and market research firm based in Des Moines, Iowa, provides sales resources and competitive intelligence tools to product manufacturers, distributors, regulators, consultants, and financial services professionals working in life insurance and annuity industries.

2Federal Reserve Bank of St. Louis, Federal Reserve Economic Data

3Security Benefit LIBOR Tool. The RateTrack® Annuity’s unprecedented floating rate component is tied to the 3 Month ICE LIBOR USD Rate, which has tracked about 25 basis points above the federal funds rate since its inception.

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.