Security Benefit is built upon more than 100 years of tradition. Today, we principally provide retirement and investment solutions through independent financial representatives. We specialize in serving employees in the education, corporate, banking, government and health care markets, as well as individual and institutional investors.
Security Benefit has roughly $30 billion in total assets under management and partners with 27,000 licensed and appointed financial planners and representatives through a network of 700 broker/dealers. We are a leading provider of retirement plan services for more than 135,000 accounts throughout the nation, primarily in the K-12 education marketplace. In addition, Security Benefit Life Insurance Company ("SBL") provides fixed and variable annuities to approximately 200,000 policyholders. We are known nationwide and serve the financial needs of customers in all 50 states.
On July 30, 2010, Security Benefit was purchased by a group of investors led by Guggenheim Partners. We are now privately owned. As part of the transaction, $340 million of capital was infused into Security Benefit Life Insurance Company (SBL), and we received a three notch upgrade by S&P in SBL's and its affiliate First Security Benefit Life Insurance and Annuity Company of New York's (FSBL) financial strength ratings and a positive outlook.
Guggenheim Partners is a global, independent, privately held, diversified financial services firm with more than $100 billion in assets under supervision and more than 1,000 dedicated individuals. Headquartered in Chicago and New York, the firm operates through offices in more than 20 cities in the United States, Europe and Asia. Guggenheim operates businesses in investment management, investment advisory, capital markets, institutional finance and merchant banking. For more information, please visit http://www.guggenheimpartners.com.
Security Benefit Corporation Subsidiaries
1. Insurance and Retirement Businesses:
1.1 Security Benefit Life Insurance Company Security Benefit Life Insurance Company offers fixed and variable annuities in the individual and employer markets. Variable annuities are offered in an unbundled structure with optional riders and investment freedom to make your plan work for you.
1.2 Security Financial Resources
Security Financial Resources is a leading provider of retirement plan services for more than 135,000 accounts throughout the nation. We are one of the leading providers of retirement plan services in the K-12 education marketplace but we also serve government and corporate retirement markets.
1.3 First Security Benefit Life Insurance and Annuity Company of New York
First Security Benefit Life Insurance and Annuity Company of New York offers fixed and variable annuity products to advisor and employer markets in the state of New York. FSBL is based in Rye Brook, New York.
2. Rydex | SGI
SGI | Security Global Investors and Rydex | SGI -- a group of asset management companies with approximately $22 billion in assets under management, offering institutional investors and financial intermediaries a broad spectrum of traditional and alternative investment strategies in separate accounts, mutual funds and ETFs. Visit the Rydex | SGI web site: http://www.rydex-sgi.com or call Customer Service at 800.820.0888.
3. Se2
se2 is an award-winning and nationally recognized provider of administrative services for the insurance and financial services industry with more than 700,000 policies and $30 billion in third-party assets under administration. Visit the se2 web site http://www.se2.com
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EXPOSED: Huge Hidden Fees of Variable Annuitiesby BrianFrickeFMC175 views
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