Security Benefit Advanced Choice
About this product
The Security Benefit Advanced Choice Annuity is a single premium deferred fixed annuity designed to provide guaranteed growth over a chosen term, while allowing for flexible access to funds and protection from market volatility. This annuity is available in 3-, 5-, and 7-year rate-to-term options, where the surrender period matches the length of the interest guarantee. Clients can choose the period that best aligns with their financial goals. Advanced Choice offers a Guaranteed Minimum Interest Rate (GMIR), potential for an interest rate bonus on larger contracts, and optional waivers for terminal illness and nursing home confinement. It is suited for conservative investors seeking predictable returns and partial liquidity without market exposure.
Available Rates
Rates are based on current simulation settings with premium amount $100,000.00
| 3 Years | 4.65% |
| 5 Years | 4.90% |
| 7 Years | 4.90% |
Available Guarantee Periods
Rates are based on current simulation settings with premium amount $100,000.00
| $10,000.00 - $124,999.00 | 4.65% |
| $125,000.00 - $1,000,000.00 | 4.75% |
| Features | |
| Maximum Issue Age | 90 years |
Lifetime Income Details
Payout Options
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