Security Benefit
- Company typePrivate
- Founded1892
- HeadquartersTopeka, United States
- Headcount501–1,000
- GTM typeB2B and B2C
- OfferingServices
Security Benefit firmographics
Firmographics- Name
- Security Benefit
- Legal name
- Security Benefit Life Insurance Company
- Website
- https://securitybenefit.com
- Company type
- Private
- Founded year
- 1892
- Operating status
- Operating
- Headcount range
- 501–1,000 employees
- Ownership category
- akta.pro rank
Security Benefit industry classification
Industry- Product category
- Annuities and Retirement Plans
- NAICS
- Insurance and Employee Benefit Funds (5251), Pension Funds (525110)
- SIC
- Life Insurance (6311)
- akta.pro primary industry
- Qualified Annuities (Retirement Plan/IRA) (FSAIACAG)
- akta.pro secondary industry
- Annuity & Insurance-Based Retirement Solutions Advisory (FSAEABAH)
Keywords
Where Security Benefit is headquartered
LocationHeadquarters
- HQ city
- Topeka
- HQ country
- United States
- HQ region
- North America
Offices4 records
Markets served
Security Benefit business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure
Revenue model
- Annuity Products: Security Benefit offers a broad suite of annuities including fixed annuities, fixed index annuities, and variable annuities to help customers align their assets with retirement aspirations. Revenue is generated through premium payments and accumulation features.
- Mutual Fund Programs: Advisor Mutual Fund Program and other mutual fund offerings provide investment management services and generate revenue through management fees and fund distribution.
- Workplace Retirement Plans: Employer-sponsored retirement plans including 401(a), 403(b), 457, SEP/SIMPLE IRA plans with associated administrative and investment management fees.
Go-to-market motion1 record
Distribution channels3 records
Marketing channels3 records
Security Benefit product offering
Product offeringCore offering
Security Benefit is a Kansas-domiciled life and health insurance company that provides retirement savings products, including fixed annuities, fixed index annuities, variable annuities, mutual fund programs, and employer-sponsored workplace retirement plans (401(a), 403(b), 457, SEP/SIMPLE). The company distributes these offerings to individual consumers, financial professionals, and employers across 49 states and the District of Columbia.
Product overview
Security Benefit offers a comprehensive suite of retirement savings and insurance products organized into three main categories: Fixed and Fixed Index Annuities for asset protection and accumulation; Variable Annuities for market-linked growth potential; and Workplace Retirement Programs including 401(a), 403(b), 457, and SEP/SIMPLE plans. The company provides a broad portfolio of annuity products including Advanced Choice, RateTrack®, Total Interest, ClearLine, Foundations, Strategic Growth series, TopRidge Bonus, and variable annuity options like EliteDesigns®, SecureDesigns®, and Variflex®, alongside mutual fund programs and employer-sponsored retirement plans. Their offerings span from individual retirement products to employer workplace solutions, all focused on helping Americans save and retire.
Differentiator
Problem solved
Functional benefit
Brands
- SecureDesigns® Variable Annuity: Variable annuity product for individuals
- EliteDesigns® Variable Annuity
- EliteDesigns® II Variable Annuity
- Variflex® Variable Annuity
- Advanced Choice Annuity
- ClearLine Annuity
- Foundations Annuity
- RateTrack® Annuity
- Strategic Growth Annuity
- Strategic Growth Plus Annuity
- Strategic Growth 7 Annuity
- TopRidge Bonus Annuity
- Total Interest Annuity
- InvestMyself®
- Advisor Mutual Fund Program
- SecurePoint Retirement Program
- SFR Program
- SmartChoice Retirement Program
Products and services
- Advanced Choice Annuity A fixed annuity product that provides asset protection and tax-deferred growth for retirement savings, targeted at individual consumers.
- RateTrack Annuity A fixed annuity with a rate-tracking feature that helps protect against market volatility while offering competitive interest rates for individual retirement savers.
- Total Interest Annuity A fixed annuity designed to accumulate savings with competitive interest rates for retirement.
- Strategic Growth Annuity A fixed annuity product focused on growth during the accumulation phase of retirement planning.
- Strategic Growth Plus Annuity An enhanced fixed annuity product with additional growth features for retirement accumulation.
- Strategic Growth 7 Annuity A fixed annuity with a 7-year term focus designed for strategic retirement growth.
- TopRidge Bonus Annuity A fixed annuity product with bonus interest features for enhanced accumulation.
- ClearLine Annuity A fixed index annuity that offers growth potential tied to market indices with downside protection.
- Foundations Annuity A fixed index annuity providing a foundation for retirement planning with index-linked growth opportunities.
- EliteDesigns Variable Annuity A variable annuity product offering market-linked growth potential with tax-deferred accumulation.
- EliteDesigns II Variable Annuity A second-generation variable annuity with enhanced features for retirement planning.
- SecureDesigns Variable Annuity A variable annuity designed to provide secure retirement income with market participation.
- Variflex Variable Annuity A flexible variable annuity product offering multiple investment options and features.
- Advisor Mutual Fund Program A program that provides access to mutual funds for retirement savings under advisor guidance.
- InvestMyself An investment program enabling self-directed retirement investing.
- SecurePoint Retirement Program A workplace retirement program offering ERISA-compliant retirement plans for employers.
- SFR Program A retirement savings program designed for workplace retirement plan needs.
- SmartChoice Retirement Program A flexible workplace retirement program offering multiple plan options for employers.
- Workplace Retirement Program (ERISA Plans) ERISA-compliant workplace retirement plans for larger employers with fiduciary requirements.
- Workplace Retirement Program (Non-ERISA) Non-ERISA workplace retirement plans for smaller employers or governmental entities.
Companies that use Security Benefit
Customer profileSegments3 records
Ideal customer profiles3 records
Security Benefit technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature1 record
Security Benefit partnerships and signals
Strategic signalScale indicators7 records
Recent moves6 records
Expansion highlights5 records
Security Benefit competitors and assessment
Company assessmentDirect peers
- Lincoln Financial Group: Lincoln Financial offers individual and group annuities, retirement plan services, and life insurance through financial advisors and employer plans, directly overlapping Security Benefit's individual annuity, mutual fund, and workplace retirement businesses.
- Brighthouse Financial: Brighthouse Financial is a US-focused annuity and life insurance carrier specializing in variable, fixed index, and shielded annuities distributed through financial advisors, making it a directly comparable peer to Security Benefit's retirement savings franchise.
- Guardian Life: Guardian Life is a mutual insurer offering individual annuities, retirement income products, and workplace plans distributed through financial professionals. It shares Security Benefit's JD Power top-tier ranking for distribution partner experience and similar mid-large carrier profile.
- Allianz Life: Allianz Life is a leading US annuity writer with deep fixed index and variable annuity offerings distributed through financial advisors. It received top JD Power distribution partner experience scores alongside Security Benefit, reflecting directly comparable products and advisor relationships.
- Nationwide Financial: Nationwide Financial offers a broad portfolio of fixed, fixed index, and variable annuities, mutual funds, and workplace retirement plans distributed through advisors and direct channels, overlapping materially with Security Benefit's product suite and go-to-market.
- Pacific Life: Pacific Life is a mutual life insurance and annuity carrier with a similar mix of fixed, fixed index, and variable annuities plus retirement products. It was cited alongside Security Benefit for top JD Power distribution partner experience scores, indicating directly comparable product portfolio and distribution strategy.
- Corebridge Financial: Corebridge Financial (formerly AIG Life & Retirement) is one of the largest US providers of fixed, fixed index, and variable annuities and workplace retirement plans, competing head-to-head with Security Benefit across all three channels and product types.
- Athene Holding: Athene is a leading US retirement services company specializing in fixed and fixed index annuities, primarily distributed through financial advisors. It is a direct peer to Security Benefit's fixed and fixed index annuity franchise and competes for the same advisor-sold retirement flows.
- Equitable (formerly AXA Equitable): Equitable is a major US life and annuity carrier with a strong variable annuity franchise and advisor distribution model, directly competing with Security Benefit's EliteDesigns, SecureDesigns, and Variflex VA products.
- Jackson National Life: Jackson National is one of the largest US variable annuity writers with a strong registered investment advisor and broker-dealer distribution footprint, competing directly with Security Benefit's variable annuity lineup and fixed index annuity products.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Security Benefit financial estimates
Financial estimateRevenue estimate
Valuation estimate
Security Benefit leadership team
Management profileNumber of profiles
Profiles4 records
Security Benefit subsidiaries and ownership
Company hierarchySubsidiaries4 records
Security Benefit funding detail
Funding detailFunding overview
Funding rounds2 records
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Security Benefit M&A and investment
M&A and investmentM&A
Investments1 record
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Security Benefit
What does Security Benefit do?
Security Benefit is a Kansas-domiciled life and health insurance company that provides retirement savings products, including fixed annuities, fixed index annuities, variable annuities, mutual fund programs, and employer-sponsored workplace retirement plans (401(a), 403(b), 457, SEP/SIMPLE). The company distributes these offerings to individual consumers, financial professionals, and employers across 49 states and the District of Columbia.
Is Security Benefit a public or private company?
Security Benefit is a private company. It is classified as corporate owned and is currently operating.
When was Security Benefit founded?
Security Benefit was founded in 1892. It employs 501 to 1,000 people.
Where is Security Benefit based?
Security Benefit is headquartered in Topeka, United States, in the North America region.
How does Security Benefit make money?
Three revenue lines are on record. Annuity Products are the primary driver. The others are mutual Fund Programs and workplace Retirement Plans.
Who are Security Benefit's main competitors?
Direct peers on record are Lincoln Financial Group, Brighthouse Financial, Guardian Life, Allianz Life, Nationwide Financial, Pacific Life, Corebridge Financial, Athene Holding, Equitable (formerly AXA Equitable) and Jackson National Life.
Does Security Benefit have an API?
No public API is recorded for Security Benefit.
What industry is Security Benefit in?
Security Benefit's product category is Annuities and Retirement Plans. Its primary akta.pro industry code is FSAIACAG, Qualified Annuities (Retirement Plan/IRA), with a secondary code of FSAEABAH, Annuity & Insurance-Based Retirement Solutions Advisory. Its NAICS code is 5251 and its SIC code is 6311.