What You Need to Know Before Buying
Company Background and Reliability
- Founded: 1892
- Years in Business: 134 years (as of 2026)
- Headquarters: Topeka, Kansas
- Company Overview: Security Benefit Life Insurance Company offers fixed annuities, fixed indexed annuities (FIAs), and retirement-focused products, often distributed through independent marketing organizations (IMOs). It is known for competitive accumulation-focused annuities and broad partnerships in the independent channel.
- Why It Matters: With a long history and niche focus on retirement products, Security Benefit is a familiar name in the independent agent space. However, its financial strength ratings place it in the mid-tier compared to the strongest carriers.
Financial Strength and Ratings (2026)
- A.M. Best: A-
- S&P: BBB+
- Moody’s: Baa2
- Fitch: BBB
- Comdex Score: 55
- Why It Matters: Security Benefit’s ratings place it below the top industry tier. While it has adequate financial strength, it does not carry the same level of security as A or A+ rated insurers. This makes comparing its contract terms and rates with higher-rated competitors essential.
Fixed Annuity Interest Rates
Security Benefit often provides competitive rates designed to attract accumulation-focused buyers. To see how these yields stack up against the market leaders, compare these offers directly with the best fixed annuity rates from A-rated carriers for November 2026.
Fixed Income Payout Rates
These are the highest fixed lifetime income payout rates for November 2026. Since Security Benefit emphasizes accumulation products, compare its payout results against other carriers that specialize in guaranteed income to secure the strongest possible retirement paycheck.
How to Compare Security Benefit with Other Companies
- Specialized Strength: Strong presence in accumulation annuities distributed through independent marketing channels.
- Financial Stability: B++/BBB ratings place it in the mid-tier range.
- Product Range: Focused primarily on MYGAs and FIAs, with limited variable annuity presence.
- Independent Benchmarking: Always compare Security Benefit’s offerings with those from A and A+ rated insurers to ensure you balance growth potential with long-term strength.
Why Use an Independent Annuity Broker
- Buying direct limits you to Security Benefit’s lineup.
- Independent brokers compare Security Benefit with dozens of other carriers.
- This ensures you secure the best growth rates and payout guarantees available.
- Brokers cost you nothing—insurance companies pay commissions.
Application Process (Step-by-Step)
- Get a Quote: Review Security Benefit’s annuity options against competitors.
- Choose a Product: Select between MYGAs or FIAs based on retirement goals.
- Submit Application: Provide personal, financial, and beneficiary details.
- Funding Options: Use non-qualified funds, IRAs, Roth IRAs, or 401(k) rollovers.
- Contract Issuance: Upon approval and funding, the annuity begins earning or paying as specified.
Other Insurance to Consider
- Life Insurance: Protects loved ones and can restore lost funds if you annuitize.
- Long-Term Care Insurance: Covers nursing home or in-home care costs.
- Disability Insurance: Secures income for working individuals before retirement.
Final Advice
Security Benefit Life Insurance Company has been in business for more than a century and is recognized in the independent channel for competitive accumulation annuities. While its ratings are mid-tier, its products may appeal to buyers seeking higher yields. Still, comparing Security Benefit’s offerings with those of A and A+ rated carriers is essential for ensuring both safety and competitive growth.
Why Choose The Annuity Expert
- Our service is free of charge, with no obligation.
- Access the largest selection of annuity products in the United States.
- Advisors guide you through every step for a stress-free experience.
Contact The Annuity Expert today for free quotes. We’ll help you find the highest fixed annuity interest rates to grow your savings or the strongest guaranteed income payouts for retirement.
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