Security Benefit Life Insurance Company: The Ultimate Guide

Security Benefit Life Insurance Company is a private insurance company that has been providing insurance products and services to individuals and businesses for over 128 years. Their focus is on providing clients with a sense of financial security by offering high-quality insurance products and responsive customer service.

History of Security Benefit Life Insurance Company

Security Benefit Life Insurance Company has been in operation for over 128 years. The company was founded in 1892 by eight businessmen in Topeka, Kansas. The company’s mission was to provide affordable, reliable insurance products to the people of Kansas, and it soon expanded its operations to other parts of the country.

The company has undergone significant changes over the years, including a change in ownership in 2006 when Guggenheim Partners acquired Security Benefit. Today, Security Benefit offers a wide range of insurance products and services to individuals and businesses across the United States.

Table: Timeline of Security Benefit Life Insurance Company’s History

Year
Event
1892
Security Benefit founded in Topeka, Kansas
1921
Security Benefit issues its first group health insurance policy
1970s
Security Benefit expands its offerings to include variable annuities and pension products
2006
Guggenheim Partners acquires Security Benefit

Insurance Products and Services Offered by Security Benefit Life Insurance Company

Security Benefit Life Insurance Company offers a variety of insurance products and services to meet the needs of individuals and businesses. These include:

Fixed Annuities

A fixed annuity is an insurance product that provides a guaranteed stream of income for a specific period of time. Security Benefit offers a range of fixed annuity products, including:

  • Multi-Year Guarantee Annuities (MYGAs)
  • Single Premium Immediate Annuities (SPIAs)
  • New Heights Fixed Indexed Annuities

Variable Annuities

Variable annuities are investment products that offer the potential for higher returns than fixed annuities, but also come with higher risks. Security Benefit offers a range of variable annuity products, including:

  • EliteDesignsSM Variable Annuities
  • SecureDesignsSM Variable Annuities

Life Insurance

Life insurance is an insurance product that provides financial protection to beneficiaries in the event of the policyholder’s death. Security Benefit offers a range of life insurance products, including:

  • Term Life Insurance
  • Flexible Premium Universal Life Insurance
  • Single Premium Whole Life Insurance

FAQs: Frequently Asked Questions About Security Benefit Life Insurance Company

Q: Is Security Benefit Life Insurance Company a reputable insurance provider?

A: Yes, Security Benefit Life Insurance Company has been in operation for over 128 years and has a strong reputation for providing high-quality insurance products and services to individuals and businesses.

Q: What types of insurance products and services does Security Benefit Life Insurance Company offer?

A: Security Benefit Life Insurance Company offers a range of insurance products and services, including fixed and variable annuities, life insurance, and pension products.

Q: How can I purchase insurance products from Security Benefit Life Insurance Company?

A: You can purchase insurance products from Security Benefit Life Insurance Company through licensed insurance agents or financial advisors.

Q: Does Security Benefit Life Insurance Company offer online account management?

A: Yes, Security Benefit Life Insurance Company offers online account management for its customers through its website.

Q: Does Security Benefit Life Insurance Company have a mobile app?

A: Yes, Security Benefit Life Insurance Company has a mobile app that allows customers to access their accounts, view policy information, and make payments.

Conclusion

Security Benefit Life Insurance Company is a respected insurance provider that has been in operation for over 128 years. The company offers a wide range of insurance products and services to individuals and businesses, including fixed and variable annuities, life insurance, and pension products. With responsive customer service and a dedication to financial security, Security Benefit Life Insurance Company is a trusted partner for people looking to protect their future.