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Fixed Indexed Annuity

Strategic Growth 7

Security Benefit Life

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9%

Best S&P 500 Annual Cap

10%

Free W/D

50

Jurisdictions

Product data status: July 13, 2026

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 Strategic Growth 7 would do for you

Set your numbers and switch between growth, income, and liquidity. Index losses credit 0% — the floor — so a down market never reduces your value.

Product analyzer
Illustrative — live CANNEX rates as of July 13, 2026; not a projection or guarantee.
Crediting strategy
Compare against
$125,112
Est. value at age 80 (Strategic Growth 7)
9%
Best S&P 500 1-yr point-to-point cap
MSCI EAFE Index — 13.5% Cap (Rate Buy Up Feature (Strategy Fee Included) · Annual · 0.95% fee)
✦
How crediting works: the cap limits positive index returns; a down index year credits 0% before the annual strategy fee; fees can reduce account value. A cap strategy tracks the index within its terms. What is a cap vs participation? →
Assumptions: illustrative — applies Strategic Growth 7's published cap rate (13.5% on MSCI EAFE Index) to a calibrated proprietary/volatility-controlled hypothetical index path (~1.9%/yr average, including down years) with a 0% floor over 20 years. Net growth deducts the 0.95% annual strategy fee returned for this strategy. Not a projection, quote, or guarantee. Live CANNEX rates as of July 13, 2026.

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Live rate data

Run live numbers for Strategic Growth 7

Current rates, riders, crediting strategies, state availability, and contract facts stay scoped to this Security Benefit Life product.

Live product data

Rates as of July 13, 2026, based on the latest AdvisorWorld scan of CANNEX data.

S&P 500 annual cap rate

9% cap on S&P 500

A seven-year-surrender fixed indexed annuity from an A- rated carrier built for index-linked accumulation, with annual point-to-point caps on recognizable benchmark indexes alongside a deep menu of one- and two-year participation strategies on proprietary volatility-controlled indexes, and no income rider.

1-year term7-year surrenderAdvisorWorld + CANNEX data

Best fit

Accumulation-focused buyers who want a seven-year deferral rather than a ten-year, value the ability to mix recognizable-benchmark caps with proprietary participation strategies (including two-year crediting variants for higher participation), and don't need a guaranteed lifetime-income rider built into the contract.

AM Best

A- Excellent

Surrender period

7 years

Free withdrawal

10%/yr

Availability

50 jurisdictions (excl. New York)

Featured crediting strategies

Index / strategyRate mechanics

S&P 500

S&P 500 Index

9% cap rate

Annual cap

1-year term · 7-year surrender · Premium band not shown

S&P 500

S&P 500 Index

Rate Buy Up Feature (Strategy Fee Included)

11.25% cap rate

Annual cap

Strategy fee: 0.95%/yr

1-year term · 7-year surrender · Premium band not shown

S&P 500

S&P 500 Index

50% participation rate

Participation

1-year term · 7-year surrender · Premium band not shown

S&P 500

S&P 500 Index

80% participation rate + 3% spread

Participation

1-year term · 7-year surrender · Premium band not shown

S&P 500

S&P 500 Index

Rate Buy Up Feature (Strategy Fee Included)

60% participation rate

Participation

Strategy fee: 0.95%/yr

1-year term · 7-year surrender · Premium band not shown

S&P 500

S&P 500 Index

Rate Buy Up Feature (Strategy Fee Included)

91% participation rate + 3% spread

Participation

Strategy fee: 0.95%/yr

1-year term · 7-year surrender · Premium band not shown

Nasdaq-100

Nasdaq-100 Index

9% cap rate

Annual cap

1-year term · 7-year surrender · Premium band not shown

Nasdaq-100

Nasdaq-100 Index

Rate Buy Up Feature (Strategy Fee Included)

11.25% cap rate

Annual cap

Strategy fee: 0.95%/yr

1-year term · 7-year surrender · Premium band not shown

Fixed Account

Fixed Account

8% declared rate

Fixed account

1-year term · 7-year surrender · Premium band not shown

+ 34 additional crediting options (MSCI EAFE, Russell 2000, S&P 500...)

Product analyst notes

How to think about this contract

Why it can stand out

  • Seven-year surrender term is at the shorter end of Security Benefit's FIA lineup — buyers who do not want a full ten-year commitment can get the same family's accumulation chassis on a shorter horizon.
  • Index menu spans recognizable benchmarks (S&P 500, MSCI EAFE, Nasdaq-100, Russell 2000) plus proprietary participation strategies (S&P 500 Factor Rotator, S&P MARC, Morgan Stanley Global Equity Allocator, Morningstar Wide Moat Focus, UBS Market Pioneers), so buyers can mix like-for-like benchmark exposure with higher-participation alternatives.
  • Both one-year and two-year crediting term lengths are offered on most proprietary participation strategies, so a buyer who is willing to lock the crediting period for longer can capture a meaningfully higher participation rate.
  • 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 — only standard surrender-charge waivers (nursing home, terminal illness) are present. Do not compare its payout side-by-side with a rider-led income FIA.
  • Many of the listed indexes (S&P 500 Factor Rotator, S&P MARC Excess Return, Morningstar Wide Moat Focus Barclays VC, UBS Market Pioneers, UBS Multi Asset Inflation Aware) are proprietary volatility-controlled benchmarks. 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 guaranteed-minimum cap floor on this filing is well below current declared caps. Caps and participation rates can reset down toward that contractual floor over the surrender term, and the buyer carries that renewal risk for the full term — check the floor in the current strategies block on this page before committing.
  • There is no premium bonus on this contract. Buyers who want an up-front bonus should compare Strategic Growth Plus or Top Ridge Bonus Annuity from the same carrier on net projected outcomes, not just headline caps.

Not ideal for

Buyers who need a contractually guaranteed GLWB withdrawal rate or a built-in Protected Income Value income mechanism, want an up-front premium bonus, want a plain MYGA-style declared rate, or expect short-surrender liquidity inside year one or two — none of those are what this contract is built to deliver.

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See how Strategic Growth 7 compares for your age, state, premium, and income goals alongside other Security Benefit Life fixed indexed annuity options.

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All crediting strategies

View rate listings (43 rows)

These are the current crediting strategy listings returned for this product. Use the filters to narrow by index, term, premium band, or rate type.

Par: 91% + Spread: 3% · 1-yr

S&P 500 Index

Rate Buy Up Feature (Strategy Fee Included) · participation

7-yr surrender

Par: 80% + Spread: 3% · 1-yr

S&P 500 Index

participation

7-yr surrender

Par: 60% · 1-yr

S&P 500 Index

Rate Buy Up Feature (Strategy Fee Included) · participation

7-yr surrender

Par: 50% · 1-yr

S&P 500 Index

participation

7-yr surrender

Cap: 13.5% · 1-yr

MSCI EAFE Index

Rate Buy Up Feature (Strategy Fee Included) · cap

7-yr surrender

Cap: 13% · 1-yr

Russell 2000 Index

Rate Buy Up Feature (Strategy Fee Included) · cap

7-yr surrender

Cap: 11.25% · 1-yr

S&P 500 Index

Rate Buy Up Feature (Strategy Fee Included) · cap

7-yr surrender

Cap: 11.25% · 1-yr

Nasdaq-100 Index

Rate Buy Up Feature (Strategy Fee Included) · cap

7-yr surrender

Cap: 10.25% · 1-yr

Russell 2000 Index

cap

7-yr surrender

Cap: 10% · 1-yr

MSCI EAFE Index

cap

7-yr surrender

Cap: 9% · 1-yr

S&P 500 Index

cap

7-yr surrender

Cap: 9% · 1-yr

Nasdaq-100 Index

cap

7-yr surrender

Fixed: 8% · 1-yr

Fixed Account

fixed

7-yr surrender

Par: 252% + Spread: 0% · 1-yr

S&P MARC 5% Excess Return

Rate Buy Up Feature (Strategy Fee Included) · participation

7-yr surrender

Par: 245% + Spread: 0% · 1-yr

UBS Multi Asset Inflation Aware Index

Rate Buy Up Feature (Strategy Fee Included) · participation

7-yr surrender

Par: 210% + Spread: 0% · 1-yr

S&P MARC 5% Excess Return

participation

7-yr surrender

Par: 205% + Spread: 0% · 1-yr

UBS Market Pioneers

Rate Buy Up Feature (Strategy Fee Included) · participation

7-yr surrender

Par: 200% + Spread: 0% · 1-yr

UBS Multi Asset Inflation Aware Index

participation

7-yr surrender

Par: 200% + Spread: 0% · 1-yr

Morgan Stanley Global Equity Allocator Index

Rate Buy Up Feature (Strategy Fee Included) · participation

7-yr surrender

Par: 170% + Spread: 0% · 1-yr

Morningstar Wide Moat Focus Barclays VC 7% Index ER

Rate Buy Up Feature (Strategy Fee Included) · participation

7-yr surrender

Par: 165% + Spread: 0% · 1-yr

Morgan Stanley Global Equity Allocator Index

participation

7-yr surrender

Par: 165% + Spread: 0% · 1-yr

UBS Market Pioneers

participation

7-yr surrender

Par: 163% + Spread: 0% · 1-yr

S&P 500 Factor Rotator Daily RC2 7% Index (USD) ER

Rate Buy Up Feature (Strategy Fee Included) · participation

7-yr surrender

Par: 140% + Spread: 0% · 1-yr

Morningstar Wide Moat Focus Barclays VC 7% Index ER

participation

7-yr surrender

Par: 135% + Spread: 0% · 1-yr

S&P 500 Factor Rotator Daily RC2 7% Index (USD) ER

participation

7-yr surrender

Par: 90% + Spread: 0% · 1-yr

S&P 500 Dynamic Intraday TCA Index (USD) ER

Rate Buy Up Feature (Strategy Fee Included) · participation

7-yr surrender

Par: 75% + Spread: 0% · 1-yr

S&P 500 Dynamic Intraday TCA Index (USD) ER

participation

7-yr surrender

Par: 350% + Spread: 0% · 2-yr

UBS Multi Asset Inflation Aware Index

Rate Buy Up Feature (Strategy Fee Included) · participation

7-yr surrender

Par: 335% + Spread: 0% · 2-yr

S&P MARC 5% Excess Return

Rate Buy Up Feature (Strategy Fee Included) · participation

7-yr surrender

Par: 330% + Spread: 0% · 2-yr

Morgan Stanley Global Equity Allocator Index

Rate Buy Up Feature (Strategy Fee Included) · participation

7-yr surrender

Par: 285% + Spread: 0% · 2-yr

UBS Multi Asset Inflation Aware Index

participation

7-yr surrender

Par: 280% + Spread: 0% · 2-yr

UBS Market Pioneers

Rate Buy Up Feature (Strategy Fee Included) · participation

7-yr surrender

Par: 275% + Spread: 0% · 2-yr

S&P MARC 5% Excess Return

participation

7-yr surrender

Par: 275% + Spread: 0% · 2-yr

Morgan Stanley Global Equity Allocator Index

participation

7-yr surrender

Par: 245% + Spread: 0% · 2-yr

Morningstar Wide Moat Focus Barclays VC 7% Index ER

Rate Buy Up Feature (Strategy Fee Included) · participation

7-yr surrender

Par: 225% + Spread: 0% · 2-yr

UBS Market Pioneers

participation

7-yr surrender

Par: 225% + Spread: 0% · 2-yr

S&P 500 Factor Rotator Daily RC2 7% Index (USD) ER

Rate Buy Up Feature (Strategy Fee Included) · participation

7-yr surrender

Par: 200% + Spread: 0% · 2-yr

Morningstar Wide Moat Focus Barclays VC 7% Index ER

participation

7-yr surrender

Par: 185% + Spread: 0% · 2-yr

S&P 500 Factor Rotator Daily RC2 7% Index (USD) ER

participation

7-yr surrender

Par: 130% + Spread: 0% · 2-yr

S&P 500 Dynamic Intraday TCA Index (USD) ER

Rate Buy Up Feature (Strategy Fee Included) · participation

7-yr surrender

Par: 112% + Spread: 0% · 2-yr

S&P 500 Low Volatility Daily Risk Control 5% USD Total Return Index

Rate Buy Up Feature (Strategy Fee Included) · participation

7-yr surrender

Par: 110% + Spread: 0% · 2-yr

S&P 500 Dynamic Intraday TCA Index (USD) ER

participation

7-yr surrender

Par: 90% + Spread: 0% · 2-yr

S&P 500 Low Volatility Daily Risk Control 5% USD Total Return Index

participation

7-yr surrender

Income riders

Accumulation-focused — no income rider

This contract is designed for tax-deferred accumulation, not guaranteed lifetime income. No GLWB rider was returned because none is part of the contract design — compare against other accumulation FIAs on cap, participation rate, and surrender terms rather than lifetime income.

Common questions about Strategic Growth 7

● Can I lose money in Strategic Growth 7?

A negative index return by itself does not reduce the contract's account value: Strategic Growth 7 credits 0% — the floor — for that indexed period. The account value can still decrease from applicable rider fees, Performance Rate Rider or other strategy charges, administrative charges, withdrawals, surrender charges, or 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 surrender period runs 7 years; after that you reach full liquidity. The Liquidity tab of the analyzer shows the year-by-year surrender charge.

● How do Strategic Growth 7's crediting strategies compare?

Use "Compare against" in the analyzer to overlay another current Strategic Growth 7 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

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.

Fixed account guarantee

1.75%

Guaranteed minimum interest rate for the fixed account.

Participation-rate floor

5.00%

Minimum guaranteed participation rate for participation-rate indexed strategies.

Maximum spread

5.00%

Maximum spread: 5.00%

Annuitization options

Single life

Contract conversion options should be confirmed before purchase.

Fund types

Non-qualified, Qualified

Availability can vary by state and product terms.

Surrender schedule

Yr 1

9%

Yr 2

8.1%

Yr 3

7.2%

Yr 4

6.3%

Yr 5

5.4%

Yr 6

4.5%

Yr 7

3.6%

After

0%

Nursing home waiver, Terminal illness waiver, Surrender waivers

Documents

product guide

IM5000237-V20260108.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

Strategic Growth 7 currently shows 43 distinct indexed or fixed crediting choices across 64 current rate listings, including S&P 500 Index, with 34 volatility-controlled index options grouped separately. These choices matter because caps, participation rates, fixed accounts, spreads, renewal terms, and fee-bearing rider variants are different mechanics and should not be ranked as one simple rate list.

  • S&P 500 Index: 9% annual cap
  • S&P 500 Index: 11.25% annual cap, Rate Buy Up Feature, 0.95% annual strategy fee
  • S&P 500 Index: 50% annual participation rate
  • S&P 500 Index: 80% annual participation rate

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 IM5000237-V20260108.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

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See how Strategic Growth 7 compares for your age, state, premium, and income goals alongside other Security Benefit Life fixed indexed annuity options.

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