SECURITY BENEFIT | 3
How You Receive Interest Credits One of the most distinguishing features of a fixed index annuity is your ability to receive interest credits based on part of an index‘s positive performance, with none of its downside risk. We offer a variety of index crediting strategies from which to choose, that are based on eight financial indices. Each index is designed to perform differently in various market conditions, giving you and your financial professional a diverse range of choices when it comes to how you want to allocate your contract’s dollars. We also offer a guaranteed Fixed Account, which provides a stated rate of interest that is reset on each contract anniversary. The Fixed Account’s Guaranteed Minimum Interest Rate (GMIR) is set at contract issue and guaranteed for the life of the contract. For the current Fixed Account interest rate and GMIR, refer to the latest rate sheet. We outline below the crediting methods we use in Strategic Growth Plus, and the indices on which they are based. On the next page, we show examples of how the various index crediting strategies are applied against actual index performance.
Fixed Crediting Option
Crediting Option Fixed Account
Index Crediting Options
Rate Buy Up Feature The Rate Buy Up Feature is available on each index crediting option. For a monthly charge, each Index Account using this feature in which contract value is allocated, provides the owner the potential for a higher interest credit through a higher cap, higher participation rate, and/ or lower spread as applicable. At the end of the surrender charge period, if the total Buy Up Costs during the period were greater than the total index interest credits (including non Buy Up Options), then the excess of the total Buy Up Costs over the total index interest credits will be refunded to the contract’s Fixed Account. Please note: the refund of Buy Up Charges does not apply if an excess withdrawal - one greater than the annual free withdrawal amount - was taken from the contract. Refer to the Rate Buy Up Feature Brochure for details.
Crediting Strategy
Crediting Options - 1-year Crediting Term S&P 500 ® Annual Point to Point Index Account S&P 500 ® Annual Point to Point Index Account
With Cap
With Participation Rate
S&P 500 ® Annual Point to Point Index Account S&P 500 ® Factor Rotator Daily RC2 7% Index Account* S&P Multi-Asset Risk Control (MARC) 5% Index Account* Morgan Stanley Global Equity Allocator Index Account* Morningstar Wide Moat Focus Barclays VC 7% Index Account* UBS Market Pioneers Index Account* UBS Multi Asset Inflation Aware Index Account*
With Participation Rate and Spread
Index Crediting Options
Crediting Strategy
Crediting Options - 2-year Crediting Term
S&P 500 ® Factor Rotator Daily RC2 7% Index Account* S&P 500 ® Low Volatility Daily Risk Control 5% Index Account ** S&P Multi-Asset Risk Control (MARC) 5% Index Account* Morgan Stanley Global Equity Allocator Index Account* Morningstar Wide Moat Focus Barclays VC 7% Index Account* UBS Market Pioneers Index Account* UBS Multi Asset Inflation Aware Index Account*
With Participation Rate and Spread
Fixed Account current interest rates, Caps, Participation Rates, Annual Spreads, and Buy Up Charges may be changed on each contract anniversary, but will not be lower than the guaranteed minimum or higher than the guaranteed maximum. Participation Rates may be higher or lower than 100% and Spreads may be 0%. Ask your financial professional for the current rate information.
*Not available to Iowa residents or for contracts issued in Iowa. **Includes dividends. Not available to Iowa residents or for contracts issued in Iowa.
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