Foundations Annuity

FINANCIAL PROFESSIONAL USE ONLY

The Security Benefit Foundations Annuity, form 5800 (11-10) and ICC10 5800 (11-10), is a flexible purchase payment deferred fixed index annuity issued by Security Benefit Life Insurance Company. In Idaho, Foundations is issued on form ICC10 5800 (11-10).

Product features, limitations, and marketing materials vary by state and/or distribution firm, and may not be available in certain states or through certain distribution firms.

Bonus annuities may include changes to the elements used to determine the index interest credits or changes to the interest rate that are not included in similar annuities without a bonus. These changes may include lower current interest rates, higher surrender charges, longer surrender charge periods, lower participation rates or caps, higher spreads, or other changes. The amount of charges or reduction of interest credits may exceed the amount of the bonus.

Fixed index annuities are not stock market investments and do not directly participate in any equity, bond, other security, or commodities investments. Unless otherwise indicated, indices do not include dividends paid on the underlying stocks and therefore do not reflect the total return of the underlying stocks. Neither an index nor any fixed index annuity is comparable to a direct investment in the equity, bond, other security, or commodities markets.