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Fixed Indexed Annuity

Strategic Growth Annuity

Security Benefit Life Insurance Company

9.25%

Best Cap

10%

Free W/D

50

Jurisdictions

Product data status: May 29, 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.

Live product data

Rates as of May 29, 2026, based on the latest AdvisorWorld scan of CANNEX data.

S&P 500 annual cap rate

9.25% cap on S&P 500

A ten-year-surrender fixed indexed annuity from an A- rated carrier built for index-linked accumulation, with annual point-to-point caps on recognizable benchmark indexes alongside a deep menu of one- and two-year participation strategies on proprietary volatility-controlled indexes, and no income rider or premium bonus.

1-year termAdvisorWorld + CANNEX data

Best fit

Accumulation-focused buyers committed to a full ten-year deferral who want the highest caps and participation rates in Security Benefit's Strategic Growth family, value the ability to mix recognizable-benchmark caps with proprietary participation strategies (including two-year crediting variants), and don't need a guaranteed lifetime-income rider or an up-front bonus.

AM Best

A- Excellent

Surrender period

10 years

Free withdrawal

10%/yr

Availability

50 jurisdictions (excl. New York)

Featured crediting strategies

Index / strategyRate mechanics

S&P 500

S&P 500 Index

9.25% cap rate

S&P 500

S&P 500 Index

11.75% cap rate

S&P 500

S&P 500 Index

52% participation rate

S&P 500

S&P 500 Index

80% participation rate + 3% spread

S&P 500

S&P 500 Index

63% participation rate

S&P 500

S&P 500 Index

91% participation rate + 3% spread

S&P 500

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

135% participation rate + 0% spread

S&P 500

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

163% participation rate + 0% spread

S&P 500

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

185% participation rate + 0% spread

S&P 500

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

225% participation rate + 0% spread

Nasdaq-100

Nasdaq-100 Index

9.75% cap rate

Nasdaq-100

Nasdaq-100 Index

12.1% cap rate

Fixed Account

Fixed Account

4.75% declared rate

+ 30 volatility-controlled index options (MSCI EAFE, Russell 2000, S&P MARC...)

Product analyst notes

How to think about this contract

Why it can stand out

  • Ten-year surrender term gives the carrier room to credit higher caps and participation rates than the shorter-surrender Strategic Growth 7 sibling — the longer commitment is reflected in the current crediting numbers, not just in marketing copy.
  • Index menu spans recognizable benchmarks (S&P 500, MSCI EAFE, Nasdaq-100, Russell 2000) plus a wide set of proprietary participation strategies (S&P 500 Factor Rotator, S&P MARC, Morgan Stanley Global Equity Allocator, Morningstar Wide Moat Focus, UBS Market Pioneers, UBS Multi Asset Inflation Aware), giving buyers a broad accumulation toolkit.
  • Both one-year and two-year crediting term lengths are offered on most proprietary participation strategies, so a buyer who is willing to lock the crediting period for longer can capture a meaningfully higher participation rate.
  • Free-withdrawal allowance and the full ten-year 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 — only standard surrender-charge waivers (nursing home, terminal illness) are present. Do not compare its payout side-by-side with a rider-led income FIA.
  • Ten years is at the long end of the FIA market. The buyer is committing to the carrier's renewal-rate discretion for the full term, and the guaranteed-minimum cap floor on this filing is well below current declared caps — caps and participation rates can reset down toward that contractual floor over the term, and the buyer carries that renewal risk for the full ten years.
  • Many of the listed indexes (S&P 500 Factor Rotator, S&P MARC, Morgan Stanley Global Equity Allocator, Morningstar Wide Moat Focus, UBS Market Pioneers, UBS Multi Asset Inflation Aware) are proprietary volatility-controlled benchmarks. 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.
  • There is no premium bonus and no death-benefit roll-up on this contract — the death benefit is the standard contract value, with no guaranteed legacy bump. Buyers who want either should compare Strategic Growth Plus or Top Ridge Bonus Annuity from the same carrier on net projected outcomes.

Not ideal for

Buyers who need a contractually guaranteed GLWB withdrawal rate or a built-in Protected Income Value income mechanism, want a shorter surrender commitment (consider Strategic Growth 7), want an up-front premium bonus (consider Strategic Growth Plus or Top Ridge Bonus), or want a plain MYGA-style declared rate.

All crediting strategies

View rate listings (86 rows)

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

Par: 91% + Spread: 3% · 1-yr

S&P 500 Index

Rate Buy Up Feature (Strategy Fee Included) · participation

10-yr surrender

Par: 80% + Spread: 3% · 1-yr

S&P 500 Index

participation

10-yr surrender

Par: 63% · 1-yr

S&P 500 Index

Rate Buy Up Feature (Strategy Fee Included) · participation

10-yr surrender

Par: 52% · 1-yr

S&P 500 Index

participation

10-yr surrender

Cap: 14.5% · 1-yr

MSCI EAFE Index

Rate Buy Up Feature (Strategy Fee Included) · cap

10-yr surrender

Cap: 13.3% · 1-yr

Russell 2000 Index

Rate Buy Up Feature (Strategy Fee Included) · cap

10-yr surrender

Cap: 12.1% · 1-yr

Nasdaq-100 Index

Rate Buy Up Feature (Strategy Fee Included) · cap

10-yr surrender

Cap: 11.75% · 1-yr

S&P 500 Index

Rate Buy Up Feature (Strategy Fee Included) · cap

10-yr surrender

Cap: 10.75% · 1-yr

MSCI EAFE Index

cap

10-yr surrender

Cap: 10.5% · 1-yr

Russell 2000 Index

cap

10-yr surrender

Cap: 9.75% · 1-yr

Nasdaq-100 Index

cap

10-yr surrender

Cap: 9.25% · 1-yr

S&P 500 Index

cap

10-yr surrender

Fixed: 4.75% · 1-yr

Fixed Account

fixed

10-yr surrender

Par: 262% + Spread: 0% · 1-yr

S&P MARC 5% Excess Return

Rate Buy Up Feature (Strategy Fee Included) · participation

10-yr surrender

Par: 245% + Spread: 0% · 1-yr

UBS Multi Asset Inflation Aware Index

Rate Buy Up Feature (Strategy Fee Included) · participation

10-yr surrender

Par: 220% + Spread: 0% · 1-yr

S&P MARC 5% Excess Return

participation

10-yr surrender

Par: 215% + Spread: 0% · 1-yr

UBS Market Pioneers

Rate Buy Up Feature (Strategy Fee Included) · participation

10-yr surrender

Par: 210% + Spread: 0% · 1-yr

Morgan Stanley Global Equity Allocator Index

Rate Buy Up Feature (Strategy Fee Included) · participation

10-yr surrender

Par: 200% + Spread: 0% · 1-yr

UBS Multi Asset Inflation Aware Index

participation

10-yr surrender

Par: 175% + Spread: 0% · 1-yr

Morgan Stanley Global Equity Allocator Index

participation

10-yr surrender

Par: 175% + Spread: 0% · 1-yr

UBS Market Pioneers

participation

10-yr surrender

Par: 170% + Spread: 0% · 1-yr

Morningstar Wide Moat Focus Barclays VC 7% Index ER

Rate Buy Up Feature (Strategy Fee Included) · participation

10-yr surrender

Par: 163% + Spread: 0% · 1-yr

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

Rate Buy Up Feature (Strategy Fee Included) · participation

10-yr surrender

Par: 140% + Spread: 0% · 1-yr

Morningstar Wide Moat Focus Barclays VC 7% Index ER

participation

10-yr surrender

Par: 135% + Spread: 0% · 1-yr

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

participation

10-yr surrender

Par: 90% + Spread: 0% · 1-yr

S&P 500 Dynamic Intraday TCA Index (USD) ER

Rate Buy Up Feature (Strategy Fee Included) · participation

10-yr surrender

Par: 75% + Spread: 0% · 1-yr

S&P 500 Dynamic Intraday TCA Index (USD) ER

participation

10-yr surrender

Par: 350% + Spread: 0% · 2-yr

UBS Multi Asset Inflation Aware Index

Rate Buy Up Feature (Strategy Fee Included) · participation

10-yr surrender

Par: 335% + Spread: 0% · 2-yr

S&P MARC 5% Excess Return

Rate Buy Up Feature (Strategy Fee Included) · participation

10-yr surrender

Par: 330% + Spread: 0% · 2-yr

Morgan Stanley Global Equity Allocator Index

Rate Buy Up Feature (Strategy Fee Included) · participation

10-yr surrender

Par: 285% + Spread: 0% · 2-yr

UBS Multi Asset Inflation Aware Index

participation

10-yr surrender

Par: 280% + Spread: 0% · 2-yr

UBS Market Pioneers

Rate Buy Up Feature (Strategy Fee Included) · participation

10-yr surrender

Par: 275% + Spread: 0% · 2-yr

S&P MARC 5% Excess Return

participation

10-yr surrender

Par: 275% + Spread: 0% · 2-yr

Morgan Stanley Global Equity Allocator Index

participation

10-yr surrender

Par: 245% + Spread: 0% · 2-yr

Morningstar Wide Moat Focus Barclays VC 7% Index ER

Rate Buy Up Feature (Strategy Fee Included) · participation

10-yr surrender

Par: 225% + Spread: 0% · 2-yr

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

Rate Buy Up Feature (Strategy Fee Included) · participation

10-yr surrender

Par: 225% + Spread: 0% · 2-yr

UBS Market Pioneers

participation

10-yr surrender

Par: 200% + Spread: 0% · 2-yr

Morningstar Wide Moat Focus Barclays VC 7% Index ER

participation

10-yr surrender

Par: 185% + Spread: 0% · 2-yr

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

participation

10-yr surrender

Par: 130% + Spread: 0% · 2-yr

S&P 500 Dynamic Intraday TCA Index (USD) ER

Rate Buy Up Feature (Strategy Fee Included) · participation

10-yr surrender

Par: 122% + Spread: 0% · 2-yr

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

Rate Buy Up Feature (Strategy Fee Included) · participation

10-yr surrender

Par: 110% + Spread: 0% · 2-yr

S&P 500 Dynamic Intraday TCA Index (USD) ER

participation

10-yr surrender

Par: 100% + Spread: 0% · 2-yr

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

participation

10-yr surrender

Par: 91% + Spread: 3% · 1-yr

S&P 500 Index

Rate Buy Up Feature (Strategy Fee Included)

Par: 80% + Spread: 3% · 1-yr

S&P 500 Index

Par: 63% · 1-yr

S&P 500 Index

Rate Buy Up Feature (Strategy Fee Included)

Par: 52% · 1-yr

S&P 500 Index

Cap: 14.5% · 1-yr

MSCI EAFE Index

Rate Buy Up Feature (Strategy Fee Included)

Cap: 13.3% · 1-yr

Russell 2000 Index

Rate Buy Up Feature (Strategy Fee Included)

Cap: 12.1% · 1-yr

Nasdaq-100 Index

Rate Buy Up Feature (Strategy Fee Included)

Cap: 11.75% · 1-yr

S&P 500 Index

Rate Buy Up Feature (Strategy Fee Included)

Cap: 10.75% · 1-yr

MSCI EAFE Index

Cap: 10.5% · 1-yr

Russell 2000 Index

Cap: 9.75% · 1-yr

Nasdaq-100 Index

Cap: 9.25% · 1-yr

S&P 500 Index

Fixed: 4.75% · 1-yr

Fixed Account

Par: 262% + Spread: 0% · 1-yr

S&P MARC 5% Excess Return

Rate Buy Up Feature (Strategy Fee Included)

Par: 245% + Spread: 0% · 1-yr

UBS Multi Asset Inflation Aware Index

Rate Buy Up Feature (Strategy Fee Included)

Par: 220% + Spread: 0% · 1-yr

S&P MARC 5% Excess Return

Par: 215% + Spread: 0% · 1-yr

UBS Market Pioneers

Rate Buy Up Feature (Strategy Fee Included)

Par: 210% + Spread: 0% · 1-yr

Morgan Stanley Global Equity Allocator Index

Rate Buy Up Feature (Strategy Fee Included)

Par: 200% + Spread: 0% · 1-yr

UBS Multi Asset Inflation Aware Index

Par: 175% + Spread: 0% · 1-yr

Morgan Stanley Global Equity Allocator Index

Par: 175% + Spread: 0% · 1-yr

UBS Market Pioneers

Par: 170% + Spread: 0% · 1-yr

Morningstar Wide Moat Focus Barclays VC 7% Index ER

Rate Buy Up Feature (Strategy Fee Included)

Par: 163% + Spread: 0% · 1-yr

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

Rate Buy Up Feature (Strategy Fee Included)

Par: 140% + Spread: 0% · 1-yr

Morningstar Wide Moat Focus Barclays VC 7% Index ER

Par: 135% + Spread: 0% · 1-yr

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

Par: 90% + Spread: 0% · 1-yr

S&P 500 Dynamic Intraday TCA Index (USD) ER

Rate Buy Up Feature (Strategy Fee Included)

Par: 75% + Spread: 0% · 1-yr

S&P 500 Dynamic Intraday TCA Index (USD) ER

Par: 350% + Spread: 0% · 2-yr

UBS Multi Asset Inflation Aware Index

Rate Buy Up Feature (Strategy Fee Included)

Par: 335% + Spread: 0% · 2-yr

S&P MARC 5% Excess Return

Rate Buy Up Feature (Strategy Fee Included)

Par: 330% + Spread: 0% · 2-yr

Morgan Stanley Global Equity Allocator Index

Rate Buy Up Feature (Strategy Fee Included)

Par: 285% + Spread: 0% · 2-yr

UBS Multi Asset Inflation Aware Index

Par: 280% + Spread: 0% · 2-yr

UBS Market Pioneers

Rate Buy Up Feature (Strategy Fee Included)

Par: 275% + Spread: 0% · 2-yr

S&P MARC 5% Excess Return

Par: 275% + Spread: 0% · 2-yr

Morgan Stanley Global Equity Allocator Index

Par: 245% + Spread: 0% · 2-yr

Morningstar Wide Moat Focus Barclays VC 7% Index ER

Rate Buy Up Feature (Strategy Fee Included)

Par: 225% + Spread: 0% · 2-yr

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

Rate Buy Up Feature (Strategy Fee Included)

Par: 225% + Spread: 0% · 2-yr

UBS Market Pioneers

Par: 200% + Spread: 0% · 2-yr

Morningstar Wide Moat Focus Barclays VC 7% Index ER

Par: 185% + Spread: 0% · 2-yr

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

Par: 130% + Spread: 0% · 2-yr

S&P 500 Dynamic Intraday TCA Index (USD) ER

Rate Buy Up Feature (Strategy Fee Included)

Par: 122% + Spread: 0% · 2-yr

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

Rate Buy Up Feature (Strategy Fee Included)

Par: 110% + Spread: 0% · 2-yr

S&P 500 Dynamic Intraday TCA Index (USD) ER

Par: 100% + Spread: 0% · 2-yr

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

Income riders

Accumulation-focused — no income rider

This contract is designed for tax-deferred accumulation, not guaranteed lifetime income. No GLWB rider was returned because none is part of the contract design — compare against other accumulation FIAs on cap, participation rate, and surrender terms rather than lifetime income.

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

Death benefit

Death Benefit

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

Strategy guarantee

Minimum guaranteed cap: 0.50%

Strategy guarantee

Guaranteed minimum interest rate (fixed): 1.45%

Strategy guarantee

Minimum guaranteed participation: 5.00%

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

8.1%

Yr 3

7.2%

Yr 4

6.3%

Yr 5

5.4%

Yr 6

4.5%

Yr 7

3.6%

Yr 8

2.7%

Yr 9

1.8%

Yr 10

0.9%

After

0%

Nursing home waiver, Terminal illness waiver, Surrender waivers

Documents

brochure

Strategic Growth Annuity.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

Strategic Growth Annuity currently shows 43 distinct indexed or fixed crediting choices across 86 current rate listings, including S&P 500 Index, with 24 volatility-controlled index options grouped separately. These choices matter because caps, participation rates, fixed accounts, spreads, and renewal terms are different mechanics and should not be ranked as one simple rate list.

  • S&P 500 Index: 9.25% cap
  • S&P 500 Index: 11.75% cap
  • S&P 500 Index: 52% participation

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
  • 10 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 Strategic Growth Annuity.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

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