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Asset Reallocation For Aea Valuebuilder Program And Nea Valuebuilder Variable Annuity Tsa 403

Your Federal Retirement Annuity for CSRS and FERS

Use this form to automatically transfer account values to maintain a specific percentage allocation among your investment options.

Please type or print in black ink. Complete all fields.

By Mail

430 W 7th Street STE 219141Kansas City, MO64105-1407

For questions or assistance, please call 800.747.3942

Diamond Benefits Life Insurance Company/life Assurance

The state life and health insurance guaranty associations helped arrange for their deferred annuity policy obligations to be assumed by Security Benefit

Jan 29, 2019 The commission-free1 fixed index annuity ClearLine has a simplified product structure and provides a rising income feature that increases

Security Benefit Life Insurance Company provides insurance services. The Company offers life and health insurance, retirement plans, annuities, mutual funds

When Will I Know What My Social Security Benefits Are For 2023

The Bureau of Labor Statistics is scheduled to announce inflation data for September on Oct. 13, and the Social Security Administration typically announces the cost-of-living adjustment issues soon after — in some cases on the same day.

Beneficiaries should then receive letters detailing their specific benefit rate. If you miss this letter, you can still verify your increase online via the My Social Security website. The COLA goes into effect with December benefits, which appear in checks received in January 2023.

Read Also: Medicare Coordination Of Benefits Phone Number For Providers

How Much Will Social Security Benefits Increase In 2023

The Social Security Administration won’t disclose the 2023 cost-of-living adjustment until October, but many experts expect an even larger increase than in 2022.

Predictions have fluctuated greatly: In June, the nonpartisan Committee for a Responsible Federal Budget estimated Social Security benefits would increase as much as 10.8% to account for inflation, or almost $180 extra in monthly benefits. The following month, Marc Goldwein, the organization’s senior policy director, tweeted that if inflation remained on its then-current trajectory, the increase would be 11.4% — even higher than the record 11.2% increase in 1981.

Richard Johnson, director of the retirement policy program at the Urban Institute, told AARP on Aug. 10 that “somewhere in the 9% range is probably a reasonable guess.”

A 9% cost-of-living adjustment to Social Security in 2023 would add about $150 to monthly checks, on average, or an additional $1,800 a year. And Munnell said it’s “highly likely” that benefits would increase by more than that.

Last month, the Senior Citizens League foresaw a 9.6% COLA in 2023. With August’s inflation data in, though, the organization has revised its prediction to a more conservative 8.7%.

The average Social Security benefit is $1,657 per month — if the 8.7% bump is correct, that would work out to an increase of about $144 a month.

The measure hasn’t moved forward since it was introduced in June, however.

Account Value Reallocation Request For Strategic Growth Plus Annuity

Trust Services

Use this form to allocate Account Value among the Fixed Account and Index Accounts.

Complete the entire form. Please type or print.

  • The Owner should complete this Incoming Funds Request form and any applicable state-required replacement forms.
  • Please contact your current carrier for any requirements it may have for transferring money to another company.
  • Obtain Signature Guarantee if required by your current carrier.
  • Upon receiving this material Security Benefit will send an acceptance letter to the carrier.
  • By MailFor questions or assistance, please call 800.888.2461.

    Also Check: Commonwealth Senior Living Employee Benefits

    Contract And Policy Information

  • I received a Step-Up letter. Am I qualified to receive a step-up?
  • If the value of the contract is higher than the value of the benefit at policy anniversary, you may be eligible for a step-up.
  • The step-up will increase the income base amount of the contract. Step-ups are generally available once per contract year. Brighthouse Financial does offer the option to elect the step-up to occur automatically for 7 years. If a step-up occurs, the contract annuitization date is pushed out by 10 years.
  • If the contract value is lower than the benefit, the contract is not eligible for a step-up.
  • You can determine if youre qualified by reviewing your Online Servicing account or contact our Support Team at .
  • Using Our Automated Telephone Services

    Services for all beneficiaries

    • Request a benefit verification letter
    • Ask for a form SSA-1099, Social Security Benefit Statement, to request a replacement tax summary

    Services for Medicare beneficiaries only

    • Request a replacement Medicare Card
    • Request a form SSA-1020 to apply for help with Medicare prescription drug costs

    Services for people who have applied for benefits

    • Ask to receive a claim status

    Services everyone can use

    • Find the address of your local Social Security office
    • Request a form SS-5,Application for a Social Security Card, to:
      • apply for an original Social Security card or a replacement card if yours was lost or stolen,
      • request a name change on your card, or
      • update or correct other information on your Social Security number record.

    Informational Messages

    You can listen to informational messages on the following subjects:

    • Payment delivery dates
    • Best times to call our 800 number
    • Social Security Internet address and services
    • Supplemental Security Income
    • Non-receipt of your Social Security benefit
    • Representative payee

    Services for Social Security Benefits Only

    • Change address and/or phone number

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    Whats Covered In This Review

    In this review Ill be covering the following information on the Secure Income Annuity from Security Benefit Life Insurance Company:

    • Realistic long term investment expectations
    • How it is best used
    • How it is most poorly used

    Annuities can be complex. Thats where having an Annuity Investigator who loves math comes in.We make the complex, simple.

    Considering an annuity or any type of financial product or service that can offer you principal protection, along with a lifetime income in retirement, is a big decision. But, if youve been reading up on Security Benefit Life Insurance Companys Secure Income Annuity, it could mean that it offers what you need in your overall financial plan.

    Yet, prior to diving right in and purchasing this, or any other, annuity, it can be beneficial if you know all of the facts particularly those that have to do with how the product works, and how it may, or may not, work for you in attaining your retirement goals.

    Over the past decade or so, with a large number of Baby Boomers that are planning for and reaching retirement, annuities have become quite popular. One reason is due to the guaranteed stream of lifetime income that they can provide.

    Getting Help By Phone

    Temporary Annuity

    If you are unable to use online services or want to speak directly to a Social Security representative, call the SSAs national customer service number at 800-772-1213 or call your local field office. You can apply for any type of benefit by phone, including survivor benefits and SSI.

    The national phone line is staffed by live agents from 8 a.m. to 7 p.m. local time on weekdays except for federal holidays. Outside those hours, you may be able to find what youre looking for using the SSAs automated phone service.

    Field offices are open from 9 a.m. to 4 p.m. on weekdays. Enter your zip code into the SSAs field office locator to find the phone number for your nearest facility.

    Wait times on calls to the national 800 number have fluctuated widely during the pandemic, rising sharply in the early weeks of the outbreak as field offices closed to visitors, then declining as the SSA outfitted more call center staff with tools to handle calls remotely. Hold times have spiked again in recent months as the agency implements an upgrade to the phone system, with waits averaging 32 minutes in February.

    The SSA says customers may also experience busy signals or unintentional disconnects as it works through the technical issues and recommends calling when they system is typically less busy:

    • Between 8 a.m. and 10 a.m.
    • Between 4 p.m. and 7 p.m.
    • Later in the week .
    • Toward the end of the month.

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    Symetra Individuals And Families

    Symetra Individuals and Familieshttps://www.symetra.comhttps://www.symetra.com

    May 5, 2000 10. Variflex Credit provides for a death benefit upon the death of the contractholder prior to the annuity start date. The death benefit Agency: Securities and Exchange CommissionDocument Number: 00-11224ADDRESSES: Secretary, Securities and Exch

    Guggenheims Security Benefit Life Climbs Among Top Fixed

    Security Benefit Life Insurance Co. helped push indexed-annuity sales to record 1 for the period was Allianz Life Insurance Co. of North America with

    Oct 21, 2020 The IAFF-FC has teamed with Security Benefit to create the fixed index annuity, issued by Security Benefit Life Insurance Company.

    When you need a sound financial strategy for the future, an annuity contract may help fulfill your needs. An annuity is simply a contract between you and

    Also Check: Apply For Benefits Social Security

    Our Story Security Benefit

    2012-16: Security Benefit has the two best-selling fixed index annuities in the

    First Security Benefit Life Insurance and Annuity Company of https://fsbl.comhttps://fsbl.com

    Security Benefit is a leader in the U.S. retirement market and wealth segments with a reputation for strength, innovation and excellence. Products offered by

    SBL VARIABLE ANNUITY ACCOUNT XIV Security Benefit Life Insurance Company , Kansas, 100% Security Investors, LLC

    When Will I See The Increase In My Social Security Check

    Gartner Subscription Economy Explained

    Social Security payments are made on Wednesdays, following a rollout schedule based on the beneficiary’s birth date: If you were born from the 1st through the 10th of the month, your benefits are paid on the second Wednesday of the month.If your birthday falls between the 11th and 20th of the month, your checks are paid on the third Wednesday, and you’ll see your first COLA increase on your Jan. 18 check.

    Those born between the 21st and the end of the month receive benefits on the fourth Wednesday, which, in 2023, is Jan. 25.

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    Also Check: Do You Pay Income Tax On Social Security Benefits

    Account Value Reallocation Request For Clearline Annuity

    Use this form to allocate Account Value among the Fixed Account and Index Accounts.

    If you would like to make changes to your allocations, this form must be received within 10 days after your Contract Anniversary date for the changes to take effect. Please type or print.

    By MailFor questions or assistance, please call 800.888.2461.

    Independent Review Of The Security Benefit Life Secure

    As with other annuities, the Secure Income Annuity from Security Benefit Life provides tax-deferred growth of the funds inside the account. This can allow your Pros and cons: Flexible interest choices and withdrawal options Tax-deferred growth View full list

    For Security Benefits Secure Income Annuity contract, should the annuitant die before receiving annuity payments , the beneficiaries will

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    Regulating The Annuity Industry

    The annuity industry is regulated at the state level, as insurance agents, brokers and companies must obtain selling licenses from the state they reside in. IRS tax laws also help regulate the sale and ownership of annuities.

    There are a few agencies involved in protecting the primary and secondary annuity markets:

    • The Securities and Exchange Commission
    • Financial Industry Regulatory Authority
    • The North American Securities Administrators Association

    Private rating agencies also help protect those purchasing in this industry. AM Best, Moodys, Standard & Poor and Fitch are all companies that can review businesses before you proceed with a sale. Because annuities are not FDIC-approved, investors want to ensure the company they work with has a strong history and the resources to be responsible with funds.

    Are You An Independent Advisor Looking To Sell Valic Products Or Obtain Service On Your Valic Clients

    Annuities in Retirement: Pros and Cons – Should You Buy an Annuity?

    Representatives are available:

    Members of the media can contact:

    Matt Burkhard at or at

    Client Resources

    Important notice about purchasing an annuity from us.

    To help the government fight the funding of terrorism and money-laundering activities, federal law requires all financial institutions to obtain, verify, and record information that identifies each person who purchases certain annuity products. What this means for you: When you purchase certain annuity products from us, we will ask for your name, address, date of birth and other information that will allow us to identify you. We may ask to see your driver’s license or other identifying documents.

    Securities and investment advisory services offered through VALIC Financial Advisors, Inc. , Member FINRA, SIPC and an SEC-registered investment adviser, 2919 Allen Pkwy, L03-20, Houston, TX 77019-2158. Annuities are issued by The Variable Annuity Life Insurance Company , Houston, TX. Variable annuities are distributed by its affiliate, AIG Capital Services, Inc. , member FINRA.

    AIG Retirement Services represents – The Variable Annuity Life Insurance Company and its subsidiaries, VALIC Financial Advisors, Inc. and VALIC Retirement Services Company . All are members of American International Group, Inc. .

    Investing involves risk, including the possible loss of principal. Investment values of variable products fluctuate so that investment units, when redeemed, may be worth more or less than their original cost.

    Read Also: Tax Benefits Of Being Self Employed

    Other Annuity Agent Scamming Tricks

    Seniors arent the only targets of annuity scams. Agents with rehearsed pitches may lie to younger clients and have them sit through high-pressure meetings in an effort to profit from clients fears.

    Salespeople are also known for taking on fake titles or claiming they have fake certifications to appear trustworthy.

    Others go by trust advisor, paralegal, senior estate planner and Certified Senior Adult Consultant. Before you sign any paperwork, make sure your agent is properly licensed. In addition, for safety, any payments you make should go to the insurance company, not the agent or their agency.

    Other signs someone may be trying to scam you include:

    P.O. Boxes
    If a salesperson asks you to send money to a P.O. box or to an individual or an agency, rather than the insurance company you are purchasing the annuity from, you should be suspicious and investigate.
    Living Trust Mills
    Living trust mills involve sales agents who will use your financial information to sell you a living trust or other product that you don’t need.

    Opening Thoughts On The Security Benefit Life Secure Income Annuity

    Security Benefit has more than 125 years in the insurance marketplace. The company is considered to be a leader in the U.S. retirement market, and it offers a large and customized array of savings product solutions for both the individual and the business niches.

    As of year-end 2015, Security Benefit Life had nearly $28 billion in total admitted assets and due to its strong financial foundation, the company has received high marks from the insurer rating agencies. These include an A- from Standard & Poors and a B++ from A.M. Best.

    Due in large part to the increased volatility of the stock market over the past decade or so, the demand for fixed indexed annuities which are always backed by insurance companies has been steadily increasing. This is due mainly to the fact that these types of annuities provide you with the opportunity to obtain a higher return than fixed annuities or other fixed products, while at the same time, providing you with the safety of principal when the market is down.

    However, even though this may sound like a great product, sometimes if something sounds too good to be true, it is. With that in mind, it is important that you take some precautions prior to purchasing a fixed indexed annuity so that you dont find out too late if it isnt a good fit for you.

    Also Check: Which States Tax Social Security Benefits

    Security Benefit Overview News & Competitors

    View Security Benefit location in Kansas, United States , revenue, industry and Security Benefit Life Insurance Company.

    The Security Benefit Strategic Growth Annuity, a modified single premium, deferred fixed index annuity contract issued by Security Benefit Life Insurance

    Transamerica | Protecting Your Wealth and Health since 1906https://www.transamerica.comhttps://www.transamerica.com

    Forms Claims And Requests

    Columbian Mutual Life Insurance Company Death Claim
  • How long does it take to process a fund transfer?
  • Fund transfers generally take 5-7 business days to process and reflect on your Online Servicing account. All requests will be backdated to reflect the date the request was received in good order.
  • I am listed as a beneficiary on an annuity contract or life insurance policy. How do I file a death claim?
  • We are so sorry for your loss. To start a new death claim, visit our Contact Us page to ensure your call is routed to the proper team. Please check the most recent statement for product type and policy number, which may be referenced when you call. We will help you through this process once you get in contact with a representative.
  • 1 Ranked by 2019 admitted assets. Bests Review®: Top 200 U.S. Life/Health Insurers. A.M. Best, 2020. Brighthouse Financial is the brand name for Brighthouse Life Insurance Company, Brighthouse Life Insurance Company of NY, and New England Life Insurance Company.

    2 Ratings shown are as of April 2021. Operating entities collectively rated include Brighthouse Life Insurance Company , New England Life Insurance Company, and Brighthouse Life Insurance Company of NY . Note: Moodys and Fitch do not rate Brighthouse Life Insurance Company of NY.

    Need Help?

    Read Also: Average Cost Of Health Benefits Per Employee

    For Information Regarding Brokerage Accounts Mutual Funds Or Insurance

    Representatives are available:

    Automated service available 24-hours a day, 7 days a week

    Mailing Address

    Requests for address changes of accounts sold through VALIC Financial Advisors, Inc. must be submitted in written form, signed and sent to:

    VALIC Financial Advisors, Inc2929 Allen Parkway L7-20Houston, TX 77019 Additionally, address change requests must also be submitted directly to the insurance, annuity or mutual fund company at the product sponsorâs address provided on your statement.

    Do You Want To Preserve Principal And Still Participate Automatically In A Rising Rate Environment

    Curious about where rates are headed next?

    If youre curious about how interest rates and floating rates have performed in the past, our Floating Rate Tool highlights historical performance so you can track movement and determine whether the RateTrack® Annuity might be a good option for a portion of your savings.

    If youre ready to benefit automatically from rising rates, a variety of resources are available to help you determine whether RateTrack® Annuity could be a good option in helping you align your assets with your retirement aspirations.

    What is RateTrack® Annuity?

    This short video shows how the RateTrack® Annuity’s innovative floating rate component works.

    RateTrack® Annuity as a Bond Alternative

    When rates rise, bond values tend to fall. RateTrack® Annuity could help preserve your principal with potential for interest. Learn more from this short video.

    Talk to your financial professional to find out whether a RateTrack® Annuity can complement your retirement portfolio.

    Rates
    3 Month CME Term SOFR Reference Rate 2.12% 2.12%
    Total Credited Interest Rate + 3 Month CME Term SOFR Reference Rate) 3.72%
    3.75% 3.75%
    Based on 3 Month CME Term SOFR Reference Rate cap, the Total Credited Interest Rate will not exceed 5.35%

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