Unlocking Opportunities: Security Benefit's Innovative Annuity
Introduction to TopRidge Bonus Annuity
Security Benefit Life Insurance Company has recently made headlines with the launch of its new TopRidge Bonus Annuity. This product introduces a rich array of features, including a compelling 20% premium bonus and versatile index crediting strategies aimed at maximizing retirement asset growth. The TopRidge Bonus Annuity, which applies to all premiums received during the first year of the contract, is designed to meet the needs of both clients and financial professionals.
Key Features of the TopRidge Bonus Annuity
The TopRidge Bonus Annuity stands out primarily due to the Cumulative Free Withdrawal Rider, which enables clients to access up to 30% of their total premiums penalty-free. This feature is particularly attractive, as it distinguishes TopRidge from other offerings within the market. If a client opts not to take a 10% free withdrawal in a given year, the amount rolls over into the next year and can accumulate up to 30% over any three-year contract period.
Understanding Free Withdrawals
Clients can experience great peace of mind knowing that free withdrawals are made without surrender charges or market value adjustments. It is important to note that while any taken partial amount does not carry over, the Cumulative Free Withdrawal automatically resets in future contract years, offering flexibility and accessibility.
Diverse Index Crediting Strategies
To further enhance its appeal, the TopRidge Bonus Annuity provides a breadth of index crediting strategies, which encompass various equity asset classes. Clients can choose from a wide selection that not only meets their investment goals but also aligns with their perceptions of market conditions. The flexibility inherent in these strategies empowers clients to make informed decisions based on their unique financial circumstances.
Key Indices Included
Among the indices available are well-recognized benchmarks such as the S&P 500, NASDAQ-100, and Russell 2000. Each of these indices serves a distinctive purpose, allowing clients to engage with market fluctuations effectively. The S&P 500 offers insight into the performance of 500 leading U.S. companies, while the NASDAQ-100 reflects the top domestic and international non-financial companies. The Russell 2000 measures the small-cap segment of the U.S. market, providing a comprehensive overview of that category.
Benefits of the TopRidge Bonus Annuity
Security Benefit is dedicated to not just accumulating wealth, but also ensuring clients can safely access their retirement funds. Through its exclusive distribution group, financial professionals can access resources to educate themselves about the TopRidge Bonus Annuity and its benefits for their clients. This connection ensures that their clients are well-informed about how to maximize their retirement savings.
About Security Benefit
Security Benefit Life Holdings, through its subsidiary, has been a significant player in the U.S. retirement market for over 132 years. Boasting around $52.8 billion in assets under management, the company is committed to its mission of assisting Americans in achieving their retirement goals. This dedication establishes Security Benefit as a trusted entity in offering diversified products across various retirement markets and wealth segments.
Conclusion
Security Benefit Life Insurance Company’s TopRidge Bonus Annuity is a game-changer in the fixed index annuity landscape. Its valuable features, such as a substantial premium bonus and comprehensive withdrawal options, present both financial professionals and clients with unique opportunities to enhance their retirement strategies. For further exploration of these benefits, financial professionals can delve into the details provided by Security Benefit.
Frequently Asked Questions
What is the TopRidge Bonus Annuity?
The TopRidge Bonus Annuity is a fixed index annuity offering a 20% premium bonus and a Cumulative Free Withdrawal Rider allowing penalty-free withdrawals of up to 30% of premiums.
How do free withdrawals work in the TopRidge Bonus Annuity?
Clients can withdraw up to 30% of their total premiums without penalties. Unused amounts can roll over to the next year, allowing for greater flexibility.
What types of indices can clients choose from?
Clients can select from indices like the S&P 500, NASDAQ-100, Russell 2000, and more, allowing for a diversified investment approach.
Who is Security Benefit Life Insurance Company?
Security Benefit Life Insurance Company has been a leading retirement market player for over 132 years, focusing on providing secure and flexible retirement solutions.
Where can I learn more about the TopRidge Bonus Annuity?
Financial professionals seeking more information can access resources through Security Benefit’s exclusive distribution group to better understand the TopRidge Bonus Annuity.
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