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Fixed Indexed Annuity

Foundations Annuity

Security Benefit Life

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10%

Best S&P 500 Annual Cap

10%

Free W/D

50

Available jurisdictions

Product data status: July 16, 2026

Rates, state availability, rider terms, and contract language must be confirmed with a licensed financial advisor or insurance professional before purchase. Guarantees are backed by the issuing insurer.

Model this product

See what Foundations Annuity would do for you

Set your numbers and switch between growth, income, and liquidity. Index losses credit 0% — the floor — so a down market never reduces your value.

Product analyzer
Illustrative — live CANNEX rates as of July 16, 2026; not a projection or guarantee.
Crediting strategy
Compare against
$301,683
Est. value at age 80 (Foundations Annuity)
100%
Premium bonus offered
MSCI EAFE Index — 9.5% Cap (Annual)
✦
How crediting works: the cap limits positive index returns; a down year credits 0%, never a loss. A cap strategy tracks the index within its terms. What is a cap vs participation? →
Assumptions: illustrative — applies Foundations Annuity's published cap rate (9.5% on MSCI EAFE Index) to a calibrated proprietary/volatility-controlled hypothetical index path (~1.9%/yr average, including down years) with a 0% floor over 20 years. Growth starts from a bonus-adjusted illustrative account value: $100,000 premium + $100,000 premium bonus (100%) = $200,000. Bonus vesting and withdrawal treatment follow the contract. Not a projection, quote, or guarantee. Live CANNEX rates as of July 16, 2026.

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See how Foundations Annuity compares for your age, state, premium, and income goals alongside other Security Benefit Life fixed indexed annuity options.

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Live rate data

Run live numbers for Foundations Annuity

Current rates, riders, crediting strategies, state availability, and contract facts stay scoped to this Security Benefit Life product.

Live product data

Rates as of July 16, 2026, from AdvisorWorld and CANNEX.

S&P 500 annual cap rate

10% cap on S&P 500

An accumulation-focused fixed indexed annuity from an A- rated carrier with a meaningful up-front premium bonus and a wide crediting menu — annual point-to-point caps and participation strategies on a mix of recognizable benchmark and proprietary volatility-controlled indexes, plus an S&P 500 trigger and a fixed account — and no built-in income rider.

1-year term7-year surrenderDoes not vary by premiumAdvisorWorld + CANNEX data

Best fit

Accumulation-focused buyers who value an up-front premium bonus on top of a multi-strategy crediting menu, want exposure across recognizable indexes (S&P 500, Russell 2000, MSCI EAFE, Nasdaq-100) plus proprietary participation alternatives, and don't need a guaranteed lifetime-income rider built into the contract.

AM Best

A- Excellent

Surrender options

5 and 7 years

Free withdrawal

10%/yr

Availability

50 jurisdictions (excl. New York)

Featured crediting strategies

Index / strategyRate mechanics

S&P 500

S&P 500 Index

9.75% cap rate

Annual cap

1-year term · 5-year surrender · Does not vary by premium

S&P 500

S&P 500 Index

monthly sum cap

3.35% cap rate

Monthly sum

1-year term · 5-year surrender · Does not vary by premium

S&P 500

S&P 500 Index

monthly avg cap

9.5% cap rate

Monthly cap

1-year term · 5-year surrender · Does not vary by premium

S&P 500

S&P 500 Index

10% cap rate

Annual cap

1-year term · 7-year surrender · Does not vary by premium

S&P 500

S&P 500 Index

monthly avg cap

9.75% cap rate

Monthly cap

1-year term · 7-year surrender · Does not vary by premium

S&P 500

S&P 500 Index

monthly sum cap

3.5% cap rate

Monthly sum

1-year term · 7-year surrender · Does not vary by premium

S&P 500

S&P 500 Index

7.4% trigger rate

Performance trigger

1-year term · 5-year surrender · Does not vary by premium

S&P 500

S&P 500 Index

7.65% trigger rate

Performance trigger

1-year term · 7-year surrender · Does not vary by premium

Nasdaq-100

Nasdaq-100 Index

9.5% cap rate

Annual cap

1-year term · 5-year surrender · Does not vary by premium

Nasdaq-100

Nasdaq-100 Index

9.75% cap rate

Annual cap

1-year term · 7-year surrender · Does not vary by premium

Fixed Account

Fixed Account

4.75% declared rate

Fixed account

1-year term · 5-year surrender · Does not vary by premium

Fixed Account

Fixed Account

5% declared rate

Fixed account

1-year term · 7-year surrender · Does not vary by premium

+ 20 additional crediting options (S&P 500, S&P MARC, Morningstar Wide...)

Product analyst notes

How to think about this contract

Why it can stand out

  • Premium bonus is meaningful — the contract credits a substantial up-front premium bonus on day one, which gives the accumulation calculation a head start that most non-bonus FIAs do not have. Bonus terms vary by state and elected option, so confirm with the carrier.
  • Crediting menu mixes designs on the same recognizable indexes — annual point-to-point cap, a fixed-rate trigger on the S&P 500, and participation strategies on proprietary volatility-controlled benchmarks — so a buyer can pick the mechanic that fits their view of the index rather than being locked into a single style.
  • Carrier financial-strength is rated by more than one independent agency, so the strength view is not a single-source read.
  • Free-withdrawal allowance and the full surrender ladder are visible on this page, so the schedule of penalty-free liquidity is not gated behind a sales brochure.

What to confirm

  • This contract is not a guaranteed-lifetime-income product. The live feed shows an empty income-rider list and the only contract-level enhancements are surrender-charge waivers (nursing home, terminal illness). Do not compare its payout side-by-side with a rider-led income FIA.
  • Premium bonus structures typically come with offsetting trade-offs in this market — caps, participation rates, or the available index menu can be tuned to recover the carrier's bonus economics over the surrender term. Treat the bonus as a deferred return enhancement, not a free top-up, and compare net projected outcomes against a no-bonus FIA on the same horizon.
  • Several of the listed crediting strategies sit on proprietary volatility-controlled benchmarks (S&P 500 Low Volatility Daily Risk Control, S&P 500 Factor Rotator, S&P MARC Excess Return, Morningstar Wide Moat Focus Barclays VC) rather than uncontrolled benchmark indexes. Participation rates on these strategies can look high in absolute terms but are not directly comparable to an uncontrolled S&P 500 cap — evaluate each strategy on its own merits.
  • The contract carries a multi-year surrender schedule with non-zero charges through the full term. Buyers who may need access to principal before the term ends should size the premium accordingly and rely on the annual free-withdrawal allowance rather than expecting an early exit at full value.

Not ideal for

Buyers who need a contractually guaranteed GLWB withdrawal rate or a built-in Protected Income Value income mechanism, want a short-surrender commitment, or want a plain MYGA-style declared rate without index-linked variability — none of those are what this contract is built to deliver.

Free Comparison Report

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See how Foundations Annuity compares for your age, state, premium, and income goals alongside other Security Benefit Life fixed indexed annuity options.

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All crediting strategies

View rate listings (29 strategies)

These are the current crediting strategies available for this product. Use the filters to narrow by index, term, premium band, or rate type.

Par: 200% + Spread: 0% · 1-yr

S&P MARC 5% Excess Return

participation

5-yr surrenderDoes not vary by premium

Par: 160% + Spread: 0% · 1-yr

Morningstar Wide Moat Focus Barclays VC 7% Index ER

participation

5-yr surrenderDoes not vary by premium

Par: 130% + Spread: 0% · 1-yr

S&P 500 Factor Rotator Daily RC2 7% Index (USD) ER

participation

5-yr surrenderDoes not vary by premium

Par: 100% + Spread: 1.75% · 1-yr

S&P 500 Low Volatility Daily Risk Control 5% USD Total Return Index

participation

5-yr surrenderDoes not vary by premium

Cap: 9.75% · 1-yr

S&P 500 Index

cap

5-yr surrenderDoes not vary by premium

Cap: 9.5% · 1-yr

S&P 500 Index

monthly_avg_cap

5-yr surrenderDoes not vary by premium

Cap: 9.5% · 1-yr

MSCI EAFE Index

cap

5-yr surrenderDoes not vary by premium

Cap: 9.5% · 1-yr

Russell 2000 Index

cap

5-yr surrenderDoes not vary by premium

Cap: 9.5% · 1-yr

Nasdaq-100 Index

cap

5-yr surrenderDoes not vary by premium

Trigger: 7.4% · 1-yr

S&P 500 Index

trigger

5-yr surrenderDoes not vary by premium

Fixed: 4.75% · 1-yr

Fixed Account

fixed

5-yr surrenderDoes not vary by premium

Cap: 3.35% · 1-yr

S&P 500 Index

monthly_sum_cap

5-yr surrenderDoes not vary by premium

Par: 275% + Spread: 0% · 2-yr

S&P MARC 5% Excess Return

participation

5-yr surrenderDoes not vary by premium

Par: 210% + Spread: 0% · 2-yr

Morningstar Wide Moat Focus Barclays VC 7% Index ER

participation

5-yr surrenderDoes not vary by premium

Par: 190% + Spread: 0% · 2-yr

S&P 500 Factor Rotator Daily RC2 7% Index (USD) ER

participation

5-yr surrenderDoes not vary by premium

Par: 100% + Spread: 1% · 2-yr

S&P 500 Low Volatility Daily Risk Control 5% USD Total Return Index

participation

5-yr surrenderDoes not vary by premium

Par: 210% + Spread: 0% · 1-yr

S&P MARC 5% Excess Return

participation

7-yr surrenderDoes not vary by premium

Par: 165% + Spread: 0% · 1-yr

Morningstar Wide Moat Focus Barclays VC 7% Index ER

participation

7-yr surrenderDoes not vary by premium

Par: 100% + Spread: 1.5% · 1-yr

S&P 500 Low Volatility Daily Risk Control 5% USD Total Return Index

participation

7-yr surrenderDoes not vary by premium

Cap: 10% · 1-yr

S&P 500 Index

cap

7-yr surrenderDoes not vary by premium

Cap: 9.75% · 1-yr

S&P 500 Index

monthly_avg_cap

7-yr surrenderDoes not vary by premium

Cap: 9.75% · 1-yr

MSCI EAFE Index

cap

7-yr surrenderDoes not vary by premium

Cap: 9.75% · 1-yr

Russell 2000 Index

cap

7-yr surrenderDoes not vary by premium

Cap: 9.75% · 1-yr

Nasdaq-100 Index

cap

7-yr surrenderDoes not vary by premium

Trigger: 7.65% · 1-yr

S&P 500 Index

trigger

7-yr surrenderDoes not vary by premium

Fixed: 5% · 1-yr

Fixed Account

fixed

7-yr surrenderDoes not vary by premium

Cap: 3.5% · 1-yr

S&P 500 Index

monthly_sum_cap

7-yr surrenderDoes not vary by premium

Par: 220% + Spread: 0% · 2-yr

Morningstar Wide Moat Focus Barclays VC 7% Index ER

participation

7-yr surrenderDoes not vary by premium

Par: 100% + Spread: 0.5% · 2-yr

S&P 500 Low Volatility Daily Risk Control 5% USD Total Return Index

participation

7-yr surrenderDoes not vary by premium

Accumulation profile

Accumulation-focused contract

Current CANNEX information identifies this product as tax-deferred accumulation. Compare cap, participation rate, fees, liquidity, and surrender terms; use a separate payout-focused contract when guaranteed payout mechanics are required.

Common questions about Foundations Annuity

● Can I lose money in Foundations Annuity?

A negative index return by itself does not reduce the contract's account value: Foundations Annuity credits 0% — the floor — for that indexed period. The account value can still decrease from applicable rider fees, Performance Rate Rider or other strategy charges, administrative charges, withdrawals, surrender charges, or other contract-specific deductions. In years with no credited interest, those deductions can reduce the account value. Up to 10% of your value can be withdrawn each year without a charge; withdrawals above the penalty-free amount during the surrender period can incur a surrender charge.

● When can I access my money without a surrender charge?

Up to 10% of your account value each year is penalty-free. The scheduled surrender charges run 5 years; after that the surrender-charge schedule ends. Bonus vesting, market value adjustments when applicable, and other contract rules can still affect the amount available. The Liquidity tab of the analyzer shows the year-by-year surrender charge.

● How do Foundations Annuity's crediting strategies compare?

Use "Compare against" in the analyzer to overlay another current Foundations Annuity strategy on the same premium, age, years, and hypothetical index path. The control labels the strategy type, rate, index, and context so caps, participation rates, triggers, spreads, and fixed-account choices are not treated as interchangeable.

Key Features

Free withdrawal

10%/yr

Annual amount that may be available without surrender charges, subject to contract terms.

Surrender waivers

2

Nursing home waiver, Terminal illness waiver

Premium bonus

100%

Bonus terms can vary by state, premium band, and rider election.

Death benefit

Death Benefit

Beneficiary value depends on contract terms, withdrawals, and rider elections.

Cap-rate floor

0.50%

Minimum guaranteed cap for cap-based indexed strategies.

Declared-rate floor

7.40%

Minimum guaranteed declared rate for declared-rate or performance-trigger strategies.

Fixed account guarantee

2.75%

Guaranteed minimum interest rate for the fixed account.

Participation-rate floor

25.00%

Minimum guaranteed participation rate for participation-rate indexed strategies.

Maximum spread

15.00%

Maximum spread: 15.00%

Annuitization options

Single life

Contract conversion options should be confirmed before purchase.

Fund types

Non-qualified, Qualified

Availability can vary by state and product terms.

Surrender schedule

Yr 1

9%

Yr 2

8%

Yr 3

7%

Yr 4

6%

Yr 5

5%

After

0%

Nursing home waiver, Terminal illness waiver, Surrender waivers

Documents

advisor sheet

Foundations Annuity-2.pdf

Confidence: highReviewed Apr 8, 2026

Direct link not published — request the document from the carrier.

Carrier Ratings

AM BestA-
S&PA-

Contract notes from product data

Crediting design

How the interest-crediting choices are framed

Foundations Annuity currently shows 26 distinct indexed or fixed crediting choices across 29 displayed rate entries, including S&P 500 Index, with 15 volatility-controlled index options grouped separately. These choices matter because caps, participation rates, fixed accounts, spreads, renewal terms, and fee-bearing rider variants are different mechanics and should not be ranked as one simple rate list.

  • S&P 500 Index: 9.75% annual cap
  • S&P 500 Index: 3.35% monthly cap
  • S&P 500 Index: 9.5% monthly cap
  • S&P 500 Index: 10% annual cap

Liquidity terms

Why access rules deserve as much attention as rates

A fixed indexed annuity can preserve more control than an income-only contract, but access is still governed by the surrender schedule, free-withdrawal terms, and waiver language. Those details are where many product comparisons become more meaningful than a simple rate list.

  • 10%/yr free withdrawal
  • 5 surrender years
  • Nursing home waiver
  • Terminal illness waiver

Verification note

Use carrier materials as term evidence, then confirm the current version

Carrier materials such as Foundations Annuity-2.pdf help explain the contract language behind the data on this page; the latest document activity we see is Apr 24, 2026. For the current brochure, rate sheet, or specimen contract, confirm the state-specific version with the carrier or a licensed financial professional.

  • Rates and rider terms can vary by state and issue age
  • Carrier guarantees depend on claims-paying ability
  • Current contract forms should be confirmed before purchase

Free Comparison Report

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See how Foundations Annuity compares for your age, state, premium, and income goals alongside other Security Benefit Life fixed indexed annuity options.

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