SBL Foundations Annuity 7 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
Foundations Annuity 7 imposes no charges or fees unless early withdrawal is chosen, resulting in surrender charges.
Index Options
The Security Benefit Foundations Annuity 7 has 11 index accounts and 1 fixed account:
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1-Year Fixed Account
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1-Year S&P 500 PTP Cap
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1-Year S&P 500 PTP Monthly Sum Cap
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1-Year S&P 500 PTP Monthly Average Cap
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1-Year S&P 500 LV DRC 5% TR PTP Spread
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2-Year S&P 500 LV DRC 5% TR PTP Spread
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1-Year S&P 500 Factor Rotator Daily RC2 7% PTP Participation Rate with Spread
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2-Year S&P 500 Factor Rotator Daily RC2 7% PTP Participation Rate with Spread
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2-Year Morningstar Wide Moat Focus Barclays VC 7% ER PTP Participation Rate with Spread
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1-Year Morningstar Wide Moat Focus Barclays VC 7% ER PTP Participation Rate with Spread
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2-Year S&P MARC 5% ER PTP Participation Rate with Spread
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1-Year S&P MARC 5% ER PTP Participation Rate with Spread
Crediting Methods
The SBL Foundations Annuity 7 offers diverse crediting options that provide plenty of growth opportunities, consistent and low-risk.
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Fixed Account
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S&P 500® Index (Price Return)
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S&P 500® Factor Rotator Daily RC2 7% Index (Excess Return)
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S&P 500® Low Volatility Daily Risk Control 5% Index (Total Return)
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S&P Multi-Asset Risk Control (MARC) 5% Index (Excess Return)
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Morningstar Wide Moat Focus Barclays VC 7% Index (Excess Return)
Security Benefit Foundations Annuity 7 Surrender Schedule
Like other annuities, Foundations Annuity 7 from Security Benefit has surrender charges for early withdrawals. Since it is a 7-year term annuity, you will receive full access to your funds at the term's end. With each year, withdrawal charges diminish until they are completely waived.
SBL Foundations Annuity 7 Key Features
The Strategic Growth Plus Annuity from Security Benefit offers features you may find promising in growing your retirement savings:
Market-Value Adjustment (MVA)
- If the annuity holder surrenders the contract when the surrender charges are still active and the amount exceeds the free withdrawal limit, an MVA is triggered.
Tax-Deferred Growth
- The SBL Foundations Annuity 7 holders can enjoy a tax-deferred accumulation of funds. The interest credited to your Account Value is also untaxed until the moment you start withdrawals.
- With tax-deferred growth, an annuity holder can also benefit from compounded growth, meaning the Account Value can grow larger compared to a taxable account.
Pros and Cons
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No extra charges
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12 index crediting options available
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A 1% bonus on all purchases
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RMD-friendly
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Nursing and terminal illness waivers available
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High minimum investment ($25,000)
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7-year surrender charge
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Possible market value adjustments on withdrawals
Key Takeaways
The Security Benefit Foundations Annuity 7 is an excellent option for future retirees looking for a secure retirement fund. The annuity is tax-deferred and guarantees minimum interest rates that shield your Account Value from losses.
The Foundations Annuity 7 offers 10% free withdrawals and helpful riders like a death benefit and a terminal illness waiver, making the annuity a reliable and efficient way of securing a comfortable financial future.
Not sure if this annuity is the right choice for you? Take our Annuity Quiz to find out what better suits your financial 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 Foundations Annuity 7
Product Type
Fixed Indexed Annuity
Launch Date
2024
Product Information
Security Benefit Foundations Annuity 7 offers a secure and tax-efficient way to grow retirement savings. It has features like tax-deferred accumulation and potential for interest credits linked to market performance. The annuity also provides a reliable source of income for the future with a 7-year term. Additionally, it offers flexibility with free withdrawal options after the first year of annuity and protection against market downturns.
Account Types
403(b), IRA, Non-qualified, Roth 403(b), Roth IRA, SEP IRA
Not Available In
New York
