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December 2017

Security Benefit’s Financial Strength Rating Upgraded to A-

Balance sheet strength and strong performance cited in revised rating from A.M. Best

TOPEKA, Kansas – December 20, 2017 – Security Benefit, a leader in the U.S. retirement savings market, today announced that A.M. Best has upgraded its Financial Strength Rating to A- (Excellent) from B++ (Good) and the Long-Term Issuer Credit Ratings to “a-” from “bbb+” for the firm’s insurance entities, Security Benefit Life Insurance Company (SBL) and its affiliate, First Security Benefit Life Insurance and Annuity Company of New York (FSBL). The outlook of the ratings is stable. SBL and FSBL are collectively known as Security Benefit and are wholly owned subsidiaries of Eldridge Industries (Eldridge).

“We greatly appreciate this recognition from A.M. Best and the acknowledgment of the broad financial strength we’ve demonstrated over the past several years,” said Mike Kiley, CEO of Security Benefit. “Our corporate profile is a result of an effective business model that delivers consistent earnings based upon the combination of an efficient distribution strategy, innovative products and strong investment capabilities all combined with a high-quality administrative platform.”

The ratings upgrade reflects Security Benefit’s balance sheet strength, which A.M. Best categorizes as strong, as well as its strong operating performance, business profile and appropriate enterprise risk management. A.M. Best also cited a change in ownership contributing to the company’s ratings upgrade. On Jan. 31, 2017, Eldridge acquired ownership and control of Security Benefit. Over the course of 2017, Eldridge provided additional capital contributions that have materially increased Security Benefit’s capitalization. Security Benefit is on track to achieve record earnings in 2017 and has made substantial investments in human capital, growing to more than 1,300 associates across the enterprise.

“The rating affirms the confidence and trust our clients have placed in us to help them to and through retirement,” Kiley added.

About Security
Security Benefit Life Insurance Company, a Kansas-based insurance company celebrating 125 years in business, is a leader in the U.S. retirement market. Founded in 1892 by 11 men with just $11, the company pioneered life insurance for women and everyday people, and quickly established a tradition of community involvement that continues today. Security Benefit together with its affiliates offers products in a full range of retirement markets and wealth segments for employers and individuals and held nearly $37 billion in assets under management as of September 30, 2017. Security Benefit has become one of the fastest growing U.S. retirement companies and continues its mission of helping Americans to and through retirement. www.securitybenefit.com. First Security Benefit Life Insurance and Annuity Company of New York is an insurance company operating in the state of New York since 1995. www.fsbl.com. SBL does not operate in New York.

About Eldridge Industries
Eldridge Industries (“Eldridge”) is a private investment firm specializing in providing both debt and equity capital. Eldridge invests across diversified industries with a focus on media and sports, insurance, real estate development, asset lending and financing, branded food and hospitality, and asset management businesses. In particular, the firm seeks to build and grow companies led by proven management teams that have demonstrated leadership and experience to scale an enterprise. Eldridge is headquartered in Greenwich, Connecticut, with additional offices in Beverly Hills, New York and London. www.eldridge.com.

Media Contacts:
Sean Logue, Communications Strategy Group
(720) 726-5455



December 2015

Relaunch of Secure Income Annuity!

One of the leading income products, Secure Income Annuity, is back!

Together with Advisors Excel and YOU, Secure Income Annuity rose to be one of the top selling Fixed Index Annuities in the industry. Released in March 2011, it became the #1 selling FIA by 2012 – which is pretty incredible and speaks volumes about our partnership with Advisors Excel and YOU!

Secure Income Annuity includes all the same great features and client benefits you remember, including:

• Up to 8%* bonus on all purchase payments made in the first contract year

• Optional Guaranteed Lifetime Withdrawal Benefit Rider with:

- 7% Benefit Base Roll-up during the 10-year Roll-up term
- 10 basis point increase per year to payout factors
- Home Healthcare Doubler**

• Four interest crediting options including the unique uncapped MSDA index:

- Morgan Stanley Dynamic Allocation 2-Year Point-to-Point Index Account***
- S&P 500® Annual Point to Point Index Account
- S&P 500® Monthly Sum Index Account
- Fixed Account


SIAincome.com has the same host of tools for efficiency in doing business with us like the AppBuilder, Online Calculator, Allocation Examples, contract status and account information. In addition, check out the SIA iPad app in the App Store.

And now, the SIA Calculator is mobile friendly so you can access it on your phone! Just click on the Calculator icon via this site to calculate your client's guaranteed income on the go.

Marketing materials are also live and available via this site or can be ordered through Advisors Excel.

We are excited to partner with you and offer this great option as an income solution to your clients.


*Varies by state.

**Not available for allocation to contracts issued in Iowa or to Iowa residents.

***Not available in all states.



The Security Benefit Secure Income Annuity (Form 5800 (11-10) and ICC10 5800 (11-10)), a flexible premium deferred fixed index annuity contract, and the optional Guaranteed Lifetime Withdrawal Benefit Rider (GLWB), form 5820 (11-10) and ICC10 5820 (11-10), are issued by Security Benefit Life Insurance Company.

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; are unrelated to and not a condition of the provision or term of any banking service or activity.



September 2015

Security Benefit Raised to Positive Outlook from A.M. Best

The positive outlook reflects the continued execution of the company’s strategic plan to further diversify its retirement product offerings and distribution channels. Read more...



September 2015

New FAQ Section!

To better serve you, we have added a new section to siaincome.com called Frequently Asked Questions. You can find a link to this new, helpful section in the top right corner of the website or under the Resources tab. The sections included are:

- Website Support

- Doing Business with Security Benefit

- Client Information

- Security Benefit Information

Check it out today!



January 2015

California Fee Change

As a courtesy to our California producers, we’d like to note a change that is taking place in the state of California.

Effective March 1, 2015, the California Department of Insurance is increasing fees for all insurance producers operating in the State of California by 10 percent.

Please reference the “California Department of Insurance Notification of Fee Increase” memo and fee schedule for complete details.



July 21, 2014

S&P Issues Positive Outlook for Security Benefit Life

Standard and Poor’s (S&P) July 21, 2014 change in outlook for Security Benefit Life Insurance Company (SBL) and its affiliate, First Security Benefit Life Insurance and Annuity Company of New York, to positive is exciting news. It’s recognition by S&P of our leadership position in the U.S. retirement market, the strong results we have generated and our strong and growing capital position.

Since 2010, SBL has delivered consistently strong operating results. Our key financial indicators are at record levels.

  • Assets under management (AUM) are over $29B*. We have more than doubled our AUM since 2010.
  • We finished 2013 with sales of $7B; seven times our 2010 sales.
  • We have had positive net flows for the last three years and in 2013 net flows were more than $5.5B**, a rare accomplishment in our industry.
  • Capital surplus is at $1.3B**
  • Solvency ratio, an important indicator of our ability to meet our financial obligations,
    is 105.3%*

By leveraging the superior general account and fixed income management capabilities of Guggenheim, we have systematically and consistently improved the quality of our General Account portfolio by reducing risk, increasing diversification and improving performance.

Four years ago, we charted a course to transform from a solid, Midwest specialty retirement company into a market leader in multiple wealth segments and marketplaces. Our strategy was to build a broadly diversified array of attractive retirement solutions delivered by a powerful and efficient distribution structure.

Today, we rank among industry leaders in several markets we target. At the end of fourth quarter 2013, we were number two in overall fixed annuity sales, number two in bank market fixed annuity sales, number two in fixed indexed annuity sales for fourth quarter, and fifth in K-12 education market sales.

We are very proud of not only our continued growth, but that we continue to retain our current customers with remarkably strong net flows. Our sales and net flows speak to the strength of our company, the quality of our products and their performance, our service and the satisfaction of those doing business with us.

Read the S&P Security Benefit News Release. (PDF)

Read the S&P FSBL News Release. (PDF)

Read the Security Benefit News Release.

*Estimated 6/30/2014. Solvency ratios take all of an insurer’s assets (both general and separate accounts) and divide that number by its total liabilities. The quality of the assets, liquidity, diversification and other factors are not included in the ratio. In addition, liabilities may fluctuate daily.

**As of 12/31/2013.



July 5, 2013

Create a "Delegate Role" for your Security Benefit Account

What is a Delegate Role? The ability to create Admin logins for your back office support staff. The Delegate Role has the same access to the website as your account, except it excludes Commission Reports. Additionally, one User ID can be approved with the Delegate Role for multiple agents, so for offices with multiple writing agents, you can establish access to multiple accounts with one Administrative Assistant.

View a simple "how to" document to set-up your Delegate Role. (PDF)