What is the minimum guaranteed surrender value for Security Benefit – Advanced Choice (3-, 5- and 7-year terms)?

Advanced Choice is a Single Premium Deferred Annuity (SPDA) that credits a fixed interest rate for the entire duration of the selected Guarantee Period. The owner makes a one-time premium payment and selects a 3-, 5-, or 7-year term (the entire premium must be allocated to the same Guarantee Period). Interest grows tax-deferred, and after the first contract year the policy allows annual penalty-free withdrawals up to 10% of the account value; withdrawals above this amount during the surrender charge period may be subject to surrender charges and a Market Value Adjustment (MVA). At the end of each Guarantee Period, a 30-day window provides flexibility for renewal, surrender, or moving to another available option without surrender charges or MVA.

What is the minimum premium amount for Security Benefit – Advanced Choice (3-, 5- and 7-year terms)?

The minimum premium amount is $10,000.

What is the maximum issue age for Security Benefit – Advanced Choice (3-, 5- and 7-year terms)?

The maximum issue age is 90 years.

What is the current interest rate for Security Benefit – Advanced Choice (3-, 5- and 7-year terms)?

The current interest rate is 4.55%.

What is the surrender charge schedule for Security Benefit – Advanced Choice (3-, 5- and 7-year terms)?

Withdrawals exceeding the 10% annual free-withdrawal limit, or a full surrender during the guarantee period, are subject to surrender charges and may also incur an MVA. Charges decline each year until reaching 0% at the end of the term. All funds become fully penalty-free at the end of the guarantee period or during the 30-day renewal window.

What are the best rates available for Security Benefit – Advanced Choice (3-, 5- and 7-year terms)?

The best available rate is 4.80% for a 7 year term.

Security Benefit Life

Security Benefit – Advanced Choice (3-, 5- and 7-year terms)

About this product

The Security Benefit Advanced Choice Annuity is a single-premium Multi-Year Guaranteed Annuity (MYGA) issued by Security Benefit Life Insurance Company that provides fixed, tax-deferred interest growth and full principal protection across 3-, 5-, and 7-year rate-to-term Guarantee Periods. It delivers predictable, contractually guaranteed rates insulated from market volatility, making it well suited for conservative savers who want stable accumulation without market exposure. With penalty-free access beginning in year two and a clear end-of-term renewal window, Advanced Choice supports long-term planning with security, simplicity, and consistent growth.

Available Rates

Rates are based on current simulation settings with premium amount $100,000.00

3 Years	4.55%
5 Years	4.80%
7 Years	4.80%

Available Guarantee Periods

Rates are based on current simulation settings with premium amount $100,000.00

$10,000.00 - $124,999.00	4.55%
$125,000.00 - $1,000,000.00	4.65%

Features
Maximum Issue Age	90 years

Lifetime Income Details

Payout Options

Annuitization

Lump Sum Withdrawal

Additional Options

Actual payout options may vary by insurance carrier and specific products. Common alternatives include:

Life Income Only: Payments for the rest of your life, stopping upon death
Period Certain: Guaranteed payments for a specific time period (5, 10, 15, or 20 years)
Life with Period Certain: Lifetime payments with a minimum guaranteed period
Joint Life: Payments continue for both you and your spouse's lifetimes
Systematic Withdrawal: Regular withdrawals of a specified amount or percentage