Financial Ratings
About Security Benefit Life
Founded in 1892, Security Benefit Life Insurance Company is a U.S.-based financial services provider headquartered in Topeka, Kansas. The company specializes in delivering retirement-focused insurance and annuity products, including fixed annuities, fixed-indexed annuities, and variable annuities. Its client base includes individuals, K–12 education professionals, and institutional investors. As of December 31, 2024, Security Benefit reported $56.98 billion in total admitted assets, $50.82 billion in total liabilities, and a Total Adjusted Capital (TAC) of $7.2 billion. Security Benefit operates through a wide network of financial professionals and distribution channels, positioning itself as a long-term partner in helping Americans prepare for retirement.
Product Lineup
Advanced Choice
AnnuityGuaranteed Growth, Tax-Deferred Safety
Best for: Retirees and pre-retirees who prioritize safety and guaranteed growth over marke...
Details →Foundations Annuity
Fixed Indexed AnnuityIndex gains with zero market loss protection
Best for: Risk-averse clients seeking accumulation and growth without exposure to market d...
Details →Rate Track
AnnuityFixed annuity that grows as rates rise—no market risk
Best for: People close to or in early retirement who want to protect principal while poten...
Details →Strategic Growth 7
Fixed Indexed AnnuityProtected growth linked to market indices
Best for: Retirees and pre-retirees who want to grow retirement savings with market-linked...
Details →Strategic Growth Annuity
Fixed Indexed AnnuitySafe growth tied to market indices — no market risk
Best for: Individuals who have accumulated savings they don't want exposed to market risk ...
Details →Strategic Growth Plus
Fixed Indexed AnnuityGrowth potential without market risk + bonus
Best for: Individuals with a lump sum of money who want growth potential without direct ma...
Details →Top Ridge Bonus Annuity
Fixed Indexed AnnuityMarket-protected growth with first-year bonus
Best for: People approaching retirement or already retired who want to reduce market risk,...
Details →Financial Ratings
Live from CANNEXRating Agency
A.M. Best
Rating
B
Description
Fair
Effective
January 23, 2026
Rating Agency
Standard & Poor's
Rating
A-
Description
Strong
Effective
September 22, 2017
Rating Analysis
Security Benefit Life Insurance Company holds strong financial strength ratings from the industry’s top credit rating agencies, demonstrating its stability and solid financial performance. A.M. Best’s A− (Excellent) rating, affirmed on January 16, 2025, reflects the company’s strong balance sheet and favorable business profile. Both Fitch Ratings and S&P Global reaffirmed their A− (Strong) ratings in August and September 2024, respectively, with a “Stable” outlook, recognizing Security Benefit’s well-managed risk profile, resilient capitalization, and consistent earnings. Morningstar DBRS also rated the company A (Good) as of September 10, 2024, citing effective capital management and overall sound financial health. Together, these ratings portray Security Benefit as a financially solid and dependable provider, capable of fulfilling its obligations to policyholders while maintaining a stable outlook for long-term growth.
Security Benefit Life Products
Fixed Indexed Annuities
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View Products→Multi-Year Guaranteed Annuities
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View Products→Immediate Annuities (SPIA)
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View Products→Deferred Income Annuities (DIA)
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