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
With some exceptions, the SBL Foundations Annuity 5 holders will be subject to surrender charges when withdrawing funds before reaching retirement age.
Index Options
Foundations Annuity 5 holders have a number of index options available:
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S&P 500® Index
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S&P 500® Factor Rotator Daily RC2 7% Index
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S&P Multi-Asset Risk Control (MARC) 5% Index
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S&P 500® Low Volatility Daily Risk Control 5% Index
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Morningstar Wide Moat Focus Barclays VC 7% Index
Crediting Methods
The SBL Foundations Annuity 5 offers a number of crediting options, allowing you to choose the one that most aligns with your financial goals. The currently available options are:
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Fixed Account
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Annual with cap
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Annual with Participation Rate
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Annual with Spread
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2-year with Participation Rate
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2-year with Spread
Security Benefit Foundations Annuity 5 Surrender Schedule
Similarly to other annuities, SBL Foundations Annuity 5 holders are also subject to surrender charges if they want to withdraw their funds early. You will gain full access to your funds after 5 years, with each year having lower surrender charges until they’re fully waived at the end of the term.
SBL Foundations Annuity 5 Key Features
The Foundations Annuity 5 offers a number of features meant to help you grow your retirement fund.
Market-Value Adjustment (MVA)
- If, during the surrender charge period, the annuity owner surrenders the annuity contract, exceeds the free withdrawal amount, annuitizes the contract, or the Joint Owner of the annuity (not the spouse) passes away, MVA is triggered.
Tax-Deferred Growth
- The SBL Foundations Annuity 5 holders can enjoy their funds growing tax-deferred - they remain tax-free until the withdrawal.
Pros and Cons
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No extra fees
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A 1% bonus on all purchases
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RMD-friendly
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Nursing home and terminal illness waivers available
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High minimum investment ($25,000)
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5-year surrender charge
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Possible MVA on withdrawals
Key Takeaways
When looking for a way to grow your retirement fund without jumping into the deep waters of stock market investments, Security Benefit Foundations Annuity 5 is definitely worth at least considering. With tax-deferred growth, 10% free withdrawals, waivers, and a death benefit, the Foundations Annuity 5 can be essential in ensuring a comfortable and peaceful retirement.
Not sure whether this annuity is the right match? Take advantage of our Annuity Quiz - simply answer a few questions, and we’ll find annuities that best suit your financial needs and goals.
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 Foundations Annuity 5
Product Type
Fixed Indexed Annuity
Launch Date
N / A
Product Information
Security Benefit Foundations Annuity 5 is a fixed index annuity signed for a 5-year term. It offers its holders a secure and easy way to grow their retirement fund tax-deferred. Additional features, like free withdrawals after a year, offer the holder more flexibility.
Account Types
Non-qualified, 403(b), 403(b) Roth, IRA, Roth IRA, SEP IRA rollover
Not Available In
New York
