Rates, state availability, rider terms, and contract language must be confirmed with a licensed financial advisor or insurance professional before purchase. Guarantees are backed by the issuing insurer.
Model this product
See what Foundations Annuity would do for you
Set your numbers and switch between growth strategies and liquidity scenarios. Negative index performance does not produce a negative index credit. Fees, withdrawals and surrender charges can reduce contract value.
Product analyzer
Illustrative — live CANNEX rates as of October 2, 2026; not a projection or guarantee.
Crediting strategy
Compare against
$625,524
Est. value at age 80 (Foundations Annuity)
100%
Premium bonus offered
S&P 500 Index — 10.25% Cap (Unknown · Annual)
✦
How crediting works: the cap limits positive index returns; a down year credits 0%, never a loss. A cap strategy tracks the index within its terms. What is a cap vs participation? →
Assumptions: illustrative — applies Foundations Annuity's published cap rate (10.25% on S&P 500 Index) to a standard benchmark hypothetical index path (~5.4%/yr average, including down years) with a 0% floor over 20 years. Growth starts from a bonus-adjusted illustrative account value: $100,000 premium + $100,000 premium bonus (100%) = $200,000. Bonus vesting and withdrawal treatment follow the contract. Not a projection, quote, or guarantee. Live CANNEX rates as of October 2, 2026.
Free Comparison Report
Get a Foundations Annuity rate report
See how Foundations Annuity compares for your age, state, premium, and income goals alongside other Security Benefit Life fixed indexed annuity options.
rates, riders, crediting strategies, state availability, and contract facts stay scoped to this Security Benefit Life product.
Live product data
Rates as of October 2, 2026, from AdvisorWorld and CANNEX.
S&P 500 annual cap rate
10.25% cap on S&P 500
An accumulation-focused fixed indexed annuity from an A- rated carrier with a meaningful up-front premium bonus and a wide crediting menu — annual point-to-point caps and participation strategies on a mix of recognizable benchmark and proprietary volatility-controlled indexes, plus an S&P 500 trigger and a fixed account — and no built-in income rider.
1-year term7-year surrenderDoes not vary by premiumAdvisorWorld + CANNEX data
Best fit
Accumulation-focused buyers who value an up-front premium bonus on top of a multi-strategy crediting menu, want exposure across recognizable indexes (S&P 500, Russell 2000, MSCI EAFE, Nasdaq-100) plus proprietary participation alternatives, and don't need a guaranteed lifetime-income rider built into the contract.
AM Best
A- Excellent
Surrender options
5 and 7 years
Free withdrawal
10%/yr
Availability
50 jurisdictions (excl. New York)
Featured crediting strategies
Caps, participation rates, and declared rates are shown separately.
Index / strategyRate mechanicsCreditingSurrenderPremium
S&P 500
S&P 500 Index
10% cap rate
Annual point-to-point
Requested state: TX
1-year term · 5-year surrender · Does not vary by premium
1-year term
5-year surrender
Does not vary by premium
S&P 500
S&P 500 Index
3.35% cap rate
Monthly sum
Requested state: TX
1-year term · 5-year surrender · Does not vary by premium
1-year term
5-year surrender
Does not vary by premium
S&P 500
S&P 500 Index
9.5% cap rate
Monthly cap
Requested state: TX
1-year term · 5-year surrender · Does not vary by premium
1-year term
5-year surrender
Does not vary by premium
S&P 500
S&P 500 Index
10.25% cap rate
Annual point-to-point
Requested state: TX
1-year term · 7-year surrender · Does not vary by premium
1-year term
7-year surrender
Does not vary by premium
S&P 500
S&P 500 Index
9.75% cap rate
Monthly cap
Requested state: TX
1-year term · 7-year surrender · Does not vary by premium
1-year term
7-year surrender
Does not vary by premium
S&P 500
S&P 500 Index
3.5% cap rate
Monthly sum
Requested state: TX
1-year term · 7-year surrender · Does not vary by premium
1-year term
7-year surrender
Does not vary by premium
S&P 500
S&P 500 Index
7.65% trigger rate
Performance trigger
Requested state: TX
1-year term · 5-year surrender · Does not vary by premium
1-year term
5-year surrender
Does not vary by premium
S&P 500
S&P 500 Index
7.9% trigger rate
Performance trigger
Requested state: TX
1-year term · 7-year surrender · Does not vary by premium
1-year term
7-year surrender
Does not vary by premium
S&P 500
S&P 500 Index
Rate not shown
Rate effective Sep 28, 2026
Annual point-to-point
Requested state: TX
1-year term · 5-year surrender · Does not vary by premium
1-year term
5-year surrender
Does not vary by premium
S&P 500
S&P 500 Index
Rate not shown
Rate effective Sep 28, 2026
Monthly sum
Requested state: TX
1-year term · 5-year surrender · Does not vary by premium
1-year term
5-year surrender
Does not vary by premium
S&P 500
S&P 500 Index
Rate not shown
Rate effective Sep 28, 2026
Monthly crediting
Requested state: TX
1-year term · 5-year surrender · Does not vary by premium
1-year term
5-year surrender
Does not vary by premium
S&P 500
S&P 500 Index
Rate not shown
Rate effective Sep 28, 2026
Performance trigger
Requested state: TX
1-year term · 5-year surrender · Does not vary by premium
1-year term
5-year surrender
Does not vary by premium
S&P 500
S&P 500 Index
Rate not shown
Rate effective Sep 28, 2026
Annual point-to-point
Requested state: TX
1-year term · 7-year surrender · Does not vary by premium
1-year term
7-year surrender
Does not vary by premium
S&P 500
S&P 500 Index
Rate not shown
Rate effective Sep 28, 2026
Monthly crediting
Requested state: TX
1-year term · 7-year surrender · Does not vary by premium
1-year term
7-year surrender
Does not vary by premium
S&P 500
S&P 500 Index
Rate not shown
Rate effective Sep 28, 2026
Monthly sum
Requested state: TX
1-year term · 7-year surrender · Does not vary by premium
1-year term
7-year surrender
Does not vary by premium
S&P 500
S&P 500 Index
Rate not shown
Rate effective Sep 28, 2026
Performance trigger
Requested state: TX
1-year term · 7-year surrender · Does not vary by premium
1-year term
7-year surrender
Does not vary by premium
Nasdaq-100
Nasdaq-100 Index
10% cap rate
Annual point-to-point
Requested state: TX
1-year term · 5-year surrender · Does not vary by premium
1-year term
5-year surrender
Does not vary by premium
Nasdaq-100
Nasdaq-100 Index
10.25% cap rate
Annual point-to-point
Requested state: TX
1-year term · 7-year surrender · Does not vary by premium
1-year term
7-year surrender
Does not vary by premium
Nasdaq-100
Nasdaq-100 Index
Rate not shown
Rate effective Sep 28, 2026
Annual point-to-point
Requested state: TX
1-year term · 5-year surrender · Does not vary by premium
1-year term
5-year surrender
Does not vary by premium
Nasdaq-100
Nasdaq-100 Index
Rate not shown
Rate effective Sep 28, 2026
Annual point-to-point
Requested state: TX
1-year term · 7-year surrender · Does not vary by premium
1-year term
7-year surrender
Does not vary by premium
Fixed Account
Fixed Account
4.75% declared rate
Fixed account
Requested state: TX
1-year term · 5-year surrender · Does not vary by premium
1-year term
5-year surrender
Does not vary by premium
Fixed Account
Fixed Account
5% declared rate
Fixed account
Requested state: TX
1-year term · 7-year surrender · Does not vary by premium
1-year term
7-year surrender
Does not vary by premium
Fixed Account
Fixed Account
Rate not shown
Rate effective Sep 28, 2026
Fixed account
Requested state: TX
1-year term · 5-year surrender · Does not vary by premium
1-year term
5-year surrender
Does not vary by premium
Fixed Account
Fixed Account
Rate not shown
Rate effective Sep 28, 2026
Fixed account
Requested state: TX
1-year term · 7-year surrender · Does not vary by premium
Premium bonus is meaningful — the contract credits a substantial up-front premium bonus on day one, which gives the accumulation calculation a head start that most non-bonus FIAs do not have. Bonus terms vary by state and elected option, so confirm with the carrier.
Crediting menu mixes designs on the same recognizable indexes — annual point-to-point cap, a fixed-rate trigger on the S&P 500, and participation strategies on proprietary volatility-controlled benchmarks — so a buyer can pick the mechanic that fits their view of the index rather than being locked into a single style.
Carrier financial-strength is rated by more than one independent agency, so the strength view is not a single-source read.
Free-withdrawal allowance and the full surrender ladder are visible on this page, so the schedule of penalty-free liquidity is not gated behind a sales brochure.
What to confirm
This contract is not a guaranteed-lifetime-income product. The live feed shows an empty income-rider list and the only contract-level enhancements are surrender-charge waivers (nursing home, terminal illness). Do not compare its payout side-by-side with a rider-led income FIA.
Premium bonus structures typically come with offsetting trade-offs in this market — caps, participation rates, or the available index menu can be tuned to recover the carrier's bonus economics over the surrender term. Treat the bonus as a deferred shows enhancement, not a free top-up, and compare net projected outcomes against a no-bonus FIA on the same horizon.
Several of the listed crediting strategies sit on proprietary volatility-controlled benchmarks (S&P 500 Low Volatility Daily Risk Control, S&P 500 Factor Rotator, S&P MARC Excess shows, Morningstar Wide Moat Focus Barclays VC) rather than uncontrolled benchmark indexes. Participation rates on these strategies can look high in absolute terms but are not directly comparable to an uncontrolled S&P 500 cap — evaluate each strategy on its own merits.
The contract carries a multi-year surrender schedule with non-zero charges through the full term. Buyers who may need access to principal before the term ends should size the premium accordingly and rely on the annual free-withdrawal allowance rather than expecting an early exit at full value.
Not ideal for
Buyers who need a contractually guaranteed GLWB withdrawal rate or a built-in Protected Income Value income mechanism, want a short-surrender commitment, or want a plain MYGA-style declared rate without index-linked variability — none of those are what this contract is built to deliver.
Free Comparison Report
Get a Foundations Annuity rate report
See how Foundations Annuity compares for your age, state, premium, and income goals alongside other Security Benefit Life fixed indexed annuity options.
These listings show published strategy details and any available rates. Use the filters to narrow by index, term, premium band, or rate type.
Par: 200% + Spread: 0% · 1-yr
S&P MARC 5% Excess Return
Point-to-point
Requested state: TX5-yr surrenderDoes not vary by premium
Par: 160% + Spread: 0% · 1-yr
Morningstar Wide Moat Focus Barclays VC 7% Index ER
Point-to-point
Requested state: TX5-yr surrenderDoes not vary by premium
Par: 130% + Spread: 0% · 1-yr
S&P 500 Factor Rotator Daily RC2 7% Index (USD) ER
Point-to-point
Requested state: TX5-yr surrenderDoes not vary by premium
Par: 100% + Spread: 1.75% · 1-yr
S&P 500 Low Volatility Daily Risk Control 5% USD Total Return Index
Point-to-point
Requested state: TX5-yr surrenderDoes not vary by premium
Cap: 10% · 1-yr
S&P 500 Index
Point-to-point
Requested state: TX5-yr surrenderDoes not vary by premium
Cap: 10% · 1-yr
MSCI EAFE Index
Point-to-point
Requested state: TX5-yr surrenderDoes not vary by premium
Cap: 10% · 1-yr
Russell 2000 Index
Point-to-point
Requested state: TX5-yr surrenderDoes not vary by premium
Cap: 10% · 1-yr
Nasdaq-100 Index
Point-to-point
Requested state: TX5-yr surrenderDoes not vary by premium
Cap: 9.5% · 1-yr
S&P 500 Index
Requested state: TX5-yr surrenderDoes not vary by premium
Trigger: 7.65% · 1-yr
S&P 500 Index
Performance trigger
Requested state: TX5-yr surrenderDoes not vary by premium
Fixed: 4.75% · 1-yr
Fixed Account
Fixed account
Requested state: TX5-yr surrenderDoes not vary by premium
Cap: 3.35% · 1-yr
S&P 500 Index
Monthly sum
Requested state: TX5-yr surrenderDoes not vary by premium
Rate not shown · 1-yr
Fixed Account
Fixed account
Requested state: TXRate effective Sep 28, 20265-yr surrenderDoes not vary by premium
Rate not shown · 1-yr
S&P 500 Index
Point-to-point
Requested state: TXRate effective Sep 28, 20265-yr surrenderDoes not vary by premium
Rate not shown · 1-yr
S&P 500 Index
Monthly sum
Requested state: TXRate effective Sep 28, 20265-yr surrenderDoes not vary by premium
Rate not shown · 1-yr
S&P 500 Low Volatility Daily Risk Control 5% USD Total Return Index
Point-to-point
Requested state: TXRate effective Sep 28, 20265-yr surrenderDoes not vary by premium
Rate not shown · 1-yr
S&P 500 Factor Rotator Daily RC2 7% Index (USD) ER
Point-to-point
Requested state: TXRate effective Sep 28, 20265-yr surrenderDoes not vary by premium
Rate not shown · 1-yr
S&P MARC 5% Excess Return
Point-to-point
Requested state: TXRate effective Sep 28, 20265-yr surrenderDoes not vary by premium
Rate not shown · 1-yr
Morningstar Wide Moat Focus Barclays VC 7% Index ER
Point-to-point
Requested state: TXRate effective Sep 28, 20265-yr surrenderDoes not vary by premium
Rate not shown · 1-yr
MSCI EAFE Index
Point-to-point
Requested state: TXRate effective Sep 28, 20265-yr surrenderDoes not vary by premium
Rate not shown · 1-yr
Russell 2000 Index
Point-to-point
Requested state: TXRate effective Sep 28, 20265-yr surrenderDoes not vary by premium
Rate not shown · 1-yr
Nasdaq-100 Index
Point-to-point
Requested state: TXRate effective Sep 28, 20265-yr surrenderDoes not vary by premium
Par: 275% + Spread: 0% · 2-yr
S&P MARC 5% Excess Return
Point-to-point
Requested state: TX5-yr surrenderDoes not vary by premium
Par: 210% + Spread: 0% · 2-yr
Morningstar Wide Moat Focus Barclays VC 7% Index ER
Point-to-point
Requested state: TX5-yr surrenderDoes not vary by premium
Par: 190% + Spread: 0% · 2-yr
S&P 500 Factor Rotator Daily RC2 7% Index (USD) ER
Point-to-point
Requested state: TX5-yr surrenderDoes not vary by premium
Par: 100% + Spread: 1% · 2-yr
S&P 500 Low Volatility Daily Risk Control 5% USD Total Return Index
Point-to-point
Requested state: TX5-yr surrenderDoes not vary by premium
Rate not shown · 2-yr
S&P 500 Low Volatility Daily Risk Control 5% USD Total Return Index
Point-to-point
Requested state: TXRate effective Sep 28, 20265-yr surrenderDoes not vary by premium
Rate not shown · 2-yr
S&P 500 Factor Rotator Daily RC2 7% Index (USD) ER
Point-to-point
Requested state: TXRate effective Sep 28, 20265-yr surrenderDoes not vary by premium
Rate not shown · 2-yr
S&P MARC 5% Excess Return
Point-to-point
Requested state: TXRate effective Sep 28, 20265-yr surrenderDoes not vary by premium
Rate not shown · 2-yr
Morningstar Wide Moat Focus Barclays VC 7% Index ER
Point-to-point
Requested state: TXRate effective Sep 28, 20265-yr surrenderDoes not vary by premium
Par: 210% + Spread: 0% · 1-yr
S&P MARC 5% Excess Return
Point-to-point
Requested state: TX7-yr surrenderDoes not vary by premium
Par: 165% + Spread: 0% · 1-yr
Morningstar Wide Moat Focus Barclays VC 7% Index ER
Point-to-point
Requested state: TX7-yr surrenderDoes not vary by premium
Par: 100% + Spread: 1.5% · 1-yr
S&P 500 Low Volatility Daily Risk Control 5% USD Total Return Index
Point-to-point
Requested state: TX7-yr surrenderDoes not vary by premium
Cap: 10.25% · 1-yr
S&P 500 Index
Point-to-point
Requested state: TX7-yr surrenderDoes not vary by premium
Cap: 10.25% · 1-yr
MSCI EAFE Index
Point-to-point
Requested state: TX7-yr surrenderDoes not vary by premium
Cap: 10.25% · 1-yr
Russell 2000 Index
Point-to-point
Requested state: TX7-yr surrenderDoes not vary by premium
Cap: 10.25% · 1-yr
Nasdaq-100 Index
Point-to-point
Requested state: TX7-yr surrenderDoes not vary by premium
Cap: 9.75% · 1-yr
S&P 500 Index
Requested state: TX7-yr surrenderDoes not vary by premium
Trigger: 7.9% · 1-yr
S&P 500 Index
Performance trigger
Requested state: TX7-yr surrenderDoes not vary by premium
Fixed: 5% · 1-yr
Fixed Account
Fixed account
Requested state: TX7-yr surrenderDoes not vary by premium
Cap: 3.5% · 1-yr
S&P 500 Index
Monthly sum
Requested state: TX7-yr surrenderDoes not vary by premium
Par: 220% + Spread: 0% · 2-yr
Morningstar Wide Moat Focus Barclays VC 7% Index ER
Point-to-point
Requested state: TX7-yr surrenderDoes not vary by premium
Par: 100% + Spread: 0.5% · 2-yr
S&P 500 Low Volatility Daily Risk Control 5% USD Total Return Index
Point-to-point
Requested state: TX7-yr surrenderDoes not vary by premium
Accumulation profile
Accumulation-focused contract
The CANNEX information identifies this product as tax-deferred accumulation. Compare cap, participation rate, fees, liquidity, and surrender terms; use a separate payout-focused contract when guaranteed payout mechanics are required.
Common questions about Foundations Annuity
● Can I lose money in Foundations Annuity?
A negative index return by itself does not reduce the contract's account value: Foundations Annuity credits 0% — the floor — for that indexed period. The account value can still decrease from withdrawals, surrender charges, other contract-specific deductions. In years with no credited interest, those deductions can reduce the account value. Up to 10% of your value can be withdrawn each year without a charge; withdrawals above the penalty-free amount during the surrender period can incur a surrender charge.
● When can I access my money without a surrender charge?
Up to 10% of your account value each year is penalty-free. The scheduled surrender charges run 7 years; after that the surrender-charge schedule ends. Bonus vesting, market value adjustments when applicable, and other contract rules can still affect the amount available. The Liquidity tab of the analyzer shows the year-by-year surrender charge.
● How do Foundations Annuity's crediting strategies compare?
Use "Compare against" in the analyzer to overlay another available Foundations Annuity strategy on the same premium, age, years, and hypothetical index path. The control labels the strategy type, rate, index, and context so caps, participation rates, triggers, spreads, and fixed-account choices are not treated as interchangeable.
Key Features
Free withdrawal
10%/yr
Annual amount that may be available without surrender charges, subject to contract terms.
Surrender waivers
2
Nursing home waiver, Terminal illness waiver
Premium bonus
100%
Bonus terms can vary by state, premium band, and rider election.
Death benefit
Death Benefit
Beneficiary value depends on contract terms, withdrawals, and rider elections.
Cap-rate floor
0.50%
Minimum guaranteed cap for cap-based indexed strategies.
Declared-rate floor
7.65%
Minimum guaranteed declared rate for declared-rate or performance-trigger strategies.
Fixed account guarantee
3.00%
Guaranteed minimum interest rate for the fixed account.
Participation-rate floor
25.00%
Minimum guaranteed participation rate for participation-rate indexed strategies.
Maximum spread
15.00%
Maximum spread: 15.00%
Annuitization options
Certain period, Joint life, Single life
Published payout options from the normalized contract facts.
Fund types
Non-qualified, Qualified
Availability can vary by state and product terms.
Surrender schedule
Yr 1
9%
Yr 2
8%
Yr 3
7%
Yr 4
6%
Yr 5
5%
Yr 6
4%
Yr 7
3%
After
0%
Nursing home waiver, Terminal illness waiver
Documents
advisor sheet
Foundations Annuity-2.pdf
Confidence: highReviewed Apr 8, 2026
Direct link not published — request the document from the carrier.
Carrier Ratings
AM BestA-
S&PA-
Contract notes from product data
Crediting design
How the interest-crediting choices are framed
Foundations Annuity currently shows 41 distinct indexed or fixed crediting choices across 43 displayed rate entries, including S&P 500 Index, with 25 volatility-controlled index options grouped separately. These choices matter because caps, participation rates, fixed accounts, spreads, and renewal terms are different mechanics and should not be ranked as one simple rate list.
S&P 500 Index: 10% annual cap
S&P 500 Index: 3.35% monthly cap
S&P 500 Index: 9.5% monthly cap
S&P 500 Index: 10.25% annual cap
Liquidity terms
Why access rules deserve as much attention as rates
A fixed indexed annuity can preserve more control than an income-only contract, but access is still governed by the surrender schedule, free-withdrawal terms, and waiver language. Those details are where many product comparisons become more meaningful than a simple rate list.
10%/yr free withdrawal
7 surrender years
Nursing home waiver
Terminal illness waiver
Verification note
Use carrier materials as term evidence, then confirm the current version
Carrier materials such as Foundations Annuity-2.pdf help explain the contract language behind the data on this page; the latest document activity we see is Apr 24, 2026. For the current brochure, rate sheet, or specimen contract, confirm the state-specific version with the carrier or a licensed financial professional.
Rates and rider terms can vary by state and issue age
Carrier guarantees depend on claims-paying ability
Current contract forms should be confirmed before purchase
Free Comparison Report
Get a Foundations Annuity rate report
See how Foundations Annuity compares for your age, state, premium, and income goals alongside other Security Benefit Life fixed indexed annuity options.
Cite this page for its methodology or interpretation. Current figures may refresh, so this canonical page URL is not a frozen data citation. To quote a market statistic, use the citation showing its observed as-of date and immutable JSON verification URL published by the Annuity Rate Statistics hub. Bulk product-level CANNEX records are not licensed for redistribution.