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SECURITY BENEFIT INTRODUCES TWO NEW ANNUITIES

 TOPEKA, Kan., March 17 /PRNewswire/ -- Security Benefit Life Insurance Co. (SBL) announced the introduction of two new single premium deferred annuities in March, according to Rick Ryan, senior vice president, Annuity Sales and Marketing.
 SBL's new products are the Security Provider Deferred Annuity and the Security Premier Deferred Annuity. Both products allow investors to receive monthly payments of their interest earnings immediately. (Security Provider is limited to 10 percent of the previous year-end contract value.)
 One key difference: Security Premier has a 1 percent enhanced interest rate during the first year. The initial enhanced interest rate will be guaranteed for the current month, plus 12 additional months.
 "As a leading annuity company, we are pleased to offer these products for the financial planner seeking a quality SPDA from a quality company," said Ryan.
 Features of both Security Provider and Security Premier include:
 -- $5,000 minimum single premium.
 -- $1 million maximum single premium.
 -- Issue ages: 0-80.
 -- Current interest rate guarantee periods of one-year and
 three years.
 -- Annuitization without penalty.
 -- Loans available for 403(b) contracts.
 -- No up front sales charges or annual fees.
 From $11 in assets in 1892, the Security Benefit Group of Companies has grown into an international financial services organization with almost $4.5 billion in total assets under management. Through its worldwide network of more than 12,000 independent sales representatives, the company offers mutual funds (through Security Distributors Inc.), retirement plans, life insurance and annuities to half a million customers and policyholders around the world.
 -0- 3/17/93
 /CONTACT: Bill Ackerly of Security Benefit Group of Companies, 913-295-3123/


CO: Security Benefit Life Insurance Co.; Security Benefit Group of
 Companies ST: Kansas IN: INS FIN SU: PDT


MC -- DV001 -- 6909 03/17/93 09:15 EST
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Copyright 1993 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Mar 17, 1993
Words:290
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