SBL Foundations Annuity 5 Historical Rate of Return
The hypothetical historical performance provided herein showcases the annualized return of allocation strategies, representing the investment's annual growth rate considering compounding effects. Similar analyses can be found for each account in official fixed index annuity illustrations provided by insurance carriers.
What's not reflected:
The annualized return does not encompass rider charges, strategy fees, or applicable premium bonuses.
Notes on rates:
The information presented assumes the annuities' current caps, spreads, participation rates, and other related rates, without guarantee.
No guarantees:
These actual elements are subject to change over time, resulting in potentially higher or lower outcomes. Additionally, no single index consistently outperforms in every scenario. It is advisable to consult with a properly licensed and educated annuity professional before making any decisions.
Fees and Charges
You would be subject to fees if you decide to add the Return of Purchase Payment Guarantee Rider to your annuity contract.
Index Options
As far as the index options are concerned, the SBL ClearLine Annuity offers three options to choose from:
-
S&P 500® Index (without dividends)
-
S&P 500® Low Volatility Daily Risk Control 5% Index (with dividends)
-
Avantis Barclays Volatility Control Index (with dividends)
Crediting Methods
For crediting methods, the SBL ClearLine Annuity holders can choose one of the following:
-
Fixed Account
-
Monthly Sum
-
Annual Point-to-Point with Cap
-
Annual Point-to-Point with a Participation Rate
-
Annual Point-to-Point with an Annual Spread
Security Benefit ClearLine Annuity Surrender Schedule
While the Security Benefit ClearLine Annuity does have a surrender schedule, they do not have surrender charges.
SBL ClearLine Annuity Key Features
Market-Value Adjustment (MVA)
- Triggered if, during the surrender charge period, the annuity owner surrenders the annuity, annuities it, exceeds the free withdrawal amount, or the
- Joint Owner of the annuity (one that isn’t the spouse) dies.
Does not apply to free withdrawals, death benefits, or required minimum distributions required by the Security Benefit.
Tax-Deferred Growth
- Due to its nature, when investing in the SBL ClearLine Annuity, your funds are not taxed until they are withdrawn.
Pros and Cons
-
No extra fees (unless adding a rider)
-
Return of Purchase Payment Guarantee Rider available
-
Nursing home and terminal illness waivers available
-
High minimum investment ($25,000)
-
Possible MVA on withdrawals
Key Takeaways
Choosing the right financial product to ensure a peaceful retirement can be difficult, but it doesn’t have to be, as long as you familiarize yourself with what they have to offer. If you want to grow your nest egg without worrying about market losses, then the Security Benefit ClearLine Annuity is definitely a strong contender.
Still not sure about the decision? Fill out our Annuity Quiz, and let us match you with the best annuity for your financial goals and needs.
Company information
Company Name
Security Benefit Life Insurance
Website
Phone Number
800-888-2461
A.M. Best Rating
A- (excellent)
S&P’s Best Rating
A- (strong)
About the Product
Product Name
Security Benefit ClearLine Annuity
Product Type
Fixed Index Annuity
Launch Date
N / A
Product Information
Security Benefit ClearLine Annuity is a deferred fixed index annuity (FIA). It allows its holders to live as normal while their retirement funds grow.
Account Types
Non-qualified; IRA; Roth IRA; 403(b); SEP-IRA
Not Available In
New York
