Security Benefit has had the annuity with the highest income payout for the last two years. Anyone looking for future income from a deferred annuity would be able to get the highest payout using the SIA product.
One of the drawbacks to this product has been that it is not available some states, Connecticut being one of them. This means that a person living in Connecticut could not have access to the product unless they signed all the documents while in a state that the product was approved in. Security Benefit has now obtained approval for the SIA to be sold to residents of Connecticut.
The products bonus is smaller in CT at 2% but the bonus of a product really does not mean much when it comes to the bottom line. The SIA product with a 2% bonus will stay pay a larger future income than any other income product and this includes all the big names such as NY life, Allianz, Met Life, Aviva, NorthWestern Mutual, etc…..
Compare the attached income quote to the same quote from any other company to see what I mean. This is an illustration for a 60 year old male who puts $200000 in the SIA product and takes income in 15 years at age 75. Security Benefit will payout $36,585.00 a year at age 75. The payout number is guaranteed. Compare this payout to any other companies guaranteed payout and you will see the difference.
Security Benefit SIA 60 year male 200K example
