FIXED ANNUITY

With guarantees of minimum interest rates and return of principal, the Premier Choice Annuity protects your “can’t-afford-to-lose” savings from market volatility and provides a guaranteed stream of income when you’re ready to retire.¹

  • Flexibility
  • Stability
  • Additional Benefits and Guarantees
Overview

Product Materials
Premier Choice Product Brochure
Premier Choice Rate Sheet
See the current rate sheet for withdrawal charge schedules, and current and guaranteed credited rates.

Flexibility
The Premier Choice Annuity provides an opportunity for those saving for retirement to receive a guaranteed minimum rate of interest for a specified time period. You can choose from multiple interest rate guarantees,2 flexible guarantee periods and flexible options to access your money when you retire.1

Stability
You can receive a guaranteed minimum rate of interest throughout the years, without exposing your savings to volatile markets. You also have the opportunity to turn your contract into a guaranteed stream of income when you’re ready to retire. Your principal is guaranteed by First Security Benefit Life.

Additional Benefits and Guarantees
Additional Premier Choice features include: an accumulation bonus rate,3  guaranteed retirement income, free withdrawals, surrender charge waivers and a death benefit within your Premier Choice contract. See product brochure for details.

Calculator
Find out how the Premier Choice product would work for you by checking out our calculator. Simply input your scenario and see your answers immediately.

Premier Choice Annuity Current Rates

August 14, 2017

5-Year Option:

5-year rate: 1.30%

Years 1-5. (Rate for Term)

View the complete rate sheet (PDF)

7-Year Option:

1-year rate: 2.00%*
Annual renewal rate applies in years 2-7.
*Reflects a 1.00% bonus in year 1.

3-year rate: 2.00%*
Annual renewal rate applies in years 4-7.
*Reflects a 1.00% bonus in year 1. 1.00% years 2-3.

7-year rate: 1.30%
Years 1-7. (Rate for Term)

Guaranteed Minimum Interest Rate: 1.00%

Premier Choice Annuity Forms 

For help on filling out the forms, please view the instructions .

Annuitization Election of Option

For annuitizing your contract, designating Annuity Life and Non-Life options and Secondary Payee information. Select your investment basis, method and frequency of the payout, and tax withholding information.

Collateral Assignment

Use this form to assign a Non-Qualified Contract/Policy (the "Contract") as collateral.

Domestic Violence Confidential Communication

Form for victims of domestic violence in New York to submit a valid order of protection and request a confidential alternative means of communication. Use this form to provide an alternative address, telephone number or other method of contact.

Electronic Authorization

Use this form to activate electronic services such as telephone authorization. This authorization allows you to submit a one-time re-balance, an exchange between funds, change your future allocation and make address changes via the telephone.

Electronic Bank Information

For establishing the privilege to have payments made from your First Security Benefit Life Contract directly to your Bank Account. This form works similar to the Electronic Funds Transfer form, it enables you to transfer funds electronically.

Incoming Funds Transfer

For transferring assets from your Current Carrier to a First Security Benefit Life Annuity Contract.

Information Authorization

For replacing an existing life insurance policy or annuity contract with a First Security Benefit Life product.

Non-Financial Change (Name, Address, Beneficiary, etc.)

For changing the name and/or address of the existing Annuitant/Participant, Beneficiary(ies), Owner, or Joint Owner of the Contract.

Proof of Death

For selecting how to handle proceeds, applying to receive payments electronically via Electronic Funds Transfer (EFT), and selecting Federal income tax options. Note: Every beneficiary is required to complete his or her own form in the case of a death benefit.

Reallocation of Assets

Use this form to indicate the guarantee period for a new allocation or to select the new guarantee period for reallocations.

Request for Scheduled Systematic Payments

For adding or changing Scheduled Systematic Withdrawal options. Select your mode of payment, Federal income tax options, and apply to receive payments electronically through Electronic Funds Transfer (EFT).

Required Minimum Distribution

The Internal Revenue Service ("IRS") requires individuals to begin receiving a Required Minimum Distribution ("RMD") from qualified account(s) at 70 ½. Upon attaining this age, it is your responsibility to request these distributions. Use this form to request an RMD.

Surrender Charge Waiver

For establishing privileges to withdraw funds from your contract without incurring a surrender penalty. Must meet requirements outlined on the form and in your contract. This form must accompany any withdrawal form requested under the Hospital/Nursing Home Waiver Option.

Form Completion Instructions
Please review these instructions prior to completing any of the forms online. The majority of our forms are designed in a fillable format so you may enter the required information online. If you experience problems and need assistance, please call our Service Center at 800.888.2461.

  • Select the form you wish to complete.
  • Enter the information into the fillable fields.
  • Save the form in a desired location on your computer.
  • Print a copy of the form.
  • Make sure you obtain all applicable signatures.
  • Return the form to First Security Benefit Life for processing. You may mail or fax the form.

First Security Benefit Life Administrative Office
P.O. Box 750497
Topeka, KS 66675-0497
Fax to: 785.368.1772

These forms are formatted in Adobe Acrobat. To view and print these forms, you will need the Adobe Acrobat “plug-in” for your browser. You may experience difficulties if you do not have the latest version installed on your computer. The icon below will take you to the Adobe Acrobat site where you can download the “plug-in” free of charge.

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Talk to your financial representative to see if Premier Choice is right for you.

1 Please see brochure links, under More Details for the additional product facts.

2 Each Guarantee Period other than the One-Year Renewal Guarantee Period has its own surrender charge schedule.

The additional current interest is paid on all of your contract value provided that the total contract value is at least $125,000. Each allocation will receive the higher of the (1) guaranteed minimum interest rate, or (2) current credited rate plus additional current interest, if your contract value is at least $125,000. Check with a licensed representative for complete details.

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.

Annuities are issued by First Security Benefit Life Insurance and Annuity Company of New York (FSBL), New York, NY. The Premier Choice Annuity® (form FSB233 (12-02)), is a flexible premium deferred fixed annuity issued by FSBL.

FSBL is not 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.