Fixed and Variable Annuities

Fixed Annuity

Fixed annuities offer a safe way to protect your money from market risks and potential downturns that could make it difficult to retire the way you want. Besides being free from the ups and downs of the markets, fixed annuities earn a guaranteed minimum rate of interest for your savings.

Fixed Annuity Characteristics:

  • Protection from Market Risk
  • Steady and Reliable Growth
  • Additional Benefits/Guarantees
  • Long-term investment suitable for retirement investing (surrender charges may apply; withdrawals are subject to ordinary income tax and, if made before age 59 1/2, may incur a 10% IRS penalty tax)

Variable Annuity

Designed for people with the risk appetite for greater potential returns, variable annuities issued by First Security Benefit Life are a combination of an insurance and investment vehicle that offers a variety of investment options. Earnings grow tax-deferred, and because you don’t have trading fees or undistributed earnings to report, more of your money can work for you. Investing in variable annuities does involve risk and there is no guarantee of investment results.

Variable Annuity Characteristics:

  • Opportunity to participate in market growth
  • Investment return may have a gain or loss at redemption
  • Tax-deferred Growth
  • Additional Benefits and Guarantees
  • Long-term investment suitable for retirement investing (surrender charges may apply; withdrawals are subject to ordinary income tax and, if made before age 59 1/2, may incur a 10% IRS penalty tax)

Annuities are long-term investments suitable for retirement investing. All guarantees provided in an annuity are subject to the claims-paying ability of the issuing insurer.

Annuities are not insured by the FDIC or otherwise insured or guaranteed by the Federal government or any of its agencies. They are not obligations of, or guaranteed by, any bank, savings and loan or credit union.

The investment return and principal value of an investment in variable annuities will fluctuate and you may have a gain or loss at redemption.

You should carefully consider the investment objectives, risks, and charges and expenses of the variable annuity and its underlying investment options before investing. You may obtain a prospectus for the variable annuity and prospectuses or summary prospectuses (if available) for the underlying investment options by calling our Service Center at 1-800-888-2461. You should read the prospectuses carefully before investing. Investing in variable annuities involves risk and there is no guarantee of investment results.

Annuities are issued by First Security Benefit Life Insurance and Annuity Company of New York (FSBL), New York, NY. Variable annuities are distributed by Security Distributors, an affiliate of FSBL. The SecureDesigns® Variable Annuity (form FSB236 (10-10)), EliteDesigns® Variable Annuity (form FSB242 (1-07)) and EliteDesigns® II Variable Annuity (FSB254 (5-13)) are flexible premium deferred variable annuities issued by FSBL.

The Premier Choice Annuity® (form FSB233 (12-02)), is a flexible premium deferred fixed annuity issued by FSBL.

Neither FSBL nor Security Distributors is a fiduciary and the information provided is not intended to be investment advice. This information is general in nature and intended for use with the general public. For additional information, including any specific advice or recommendations, please visit with your financial professional.