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Variflex Variable Annuity
Product ID: 37

Vendor:
Security Benefit
Type:
Variable Annuity 


$261
1.11%
9 Years / 8.00%
Yes
Roth Eligible



Enrollment and Questions

Use the following contact information to enroll or ask questions.

Website:
Visit Website
Phone:
(800) 888-2461
 E-mail:
Send Email
Mailing Information  Address:
Security Benefit
P.O. Box 55976
Boston, MA 02205-5976
  In-person:
Questions about enrollment?
View the Contact Information tab on the Vendor Details page for a list of office locations.


Variflex is a periodic premium fixed and variable annuity. This product has a non-rolling withdrawal charge structure. Variflex offers investment options through 13 leading money manangers.

Select the topics below to expand and view additional product details


Portfolio rebalancing is available monthly, quarterly and annually. (see prospectus for details)
Permitted from the fixed account or any variable subaccount on a monthly or quarterly basis. (see prospectus for details)

One loan permitted at a time. No more than two loans may be initiated during a 12 month period. Loan amounts are transferred to the fixed account. Loan balances are charge 5% and credited 3% upon repayment. (see prospectus for details)

Security Benefit will calculate and distribute annually the required minimum distribution amount for your contract with the company.

Yes

Riders are amendments to the annuity contract that typically add to your costs. make sure you inquire about any additional costs. The following riders exist for this product:

Withdrawal charges are waived if the owner is confined to a hospital of skilled nursing care facility (see propsectus for details)
Periodic annuity payments will be made during the lifetime of the Annuitant. It is possible under this Option for any Annuitant to receive only one annuity payment if the Annuitant's death occurred prior to the due date of the second annuity payment, two if death occurred prior to the due date of the third annuity payment, etc. There is no minimum number of payments guaranteed under this option. Payments will cease upon the death of the Annuitant regardless of the number of payments received.
Periodic annuity payments will be made during the lifetime of the Annuitant with the promise that if, at the death of the Annuitant, payments have been made for less than a stated period, which may be 5, 10, 15 or 20 years, as elected by the Owner, annuity payments will be continued during the remainder of such period to the Designated Beneficiary. Upon the Annuitant's death after the period certain, no further annuity payments will be made.
Periodic annuity payments will be made for a fixed period, which may be from 5 to 20 years, as elected by the Owner. The amount of each annuity payment is determined by dividing Contract Value by the number of annuity payments remaining in the period. If, at the death of all Annuitants, payments have been made for less than the selected fixed period, the remaining unpaid payments will be paid to the Designated Beneficiary


All 403(b) products contain fees. The amount of fees varies greatly depending on the product. A slight increase in fees can substantially reduce the growth in your account which will reduce your income in retirement. To learn more about the impact of fees, and the different types of fees please refer to the Explanation of Fees piece located in the Help & Resources.

Fees

$30.00 Annually Flat Dollar Amount Yes No No
Fee Waiver
Waived aftre 8 contract years if contract value is greater than $25,000

1.20% Annually Percentage of Annual Assets No No No

Surrender Charges

Surrender Period* Surrender Percentage
1 8.00%
2 7.00%
3 6.00%
4 5.00%
5 4.00%
6 3.00%
7 2.00%
8 1.00%
9 0.00%

*Expressed in contract years


Surrender Penalty Charge assessed on a "rolling" basis: Non-rolling withdrawal charge is applied to the amount in excess of the free amount available.
Exceptions to the Surrender Charge:
Percent of contract value:
10.00%
Other Restrictions:
Hospital and Nursing Care Waiver

Subaccounts


Fixed Investment Options

Variable Investment Options


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