TOPEKA, Kan., March 14, 2017 (GLOBE NEWSWIRE) -- Security Benefit, a leader in the U.S. retirement savings market, and the IAFF Financial Corporation (IAFF-FC) today announced a new program to provide IAFF members with a supplemental lifetime income solution. The relationship, formally announced at Security Benefit’s Topeka headquarters today, launches a new program called “Responders First.”
“We are excited to work with Security Benefit, an organization with a longstanding reputation as a leader in the retirement industry,” said Carrie Tucker, COO of IAFF-FC, joined by Regional Representative Mark Munger in Topeka. “We recognized a need to introduce retirement income alternatives to our members and we are confident this new program with Security Benefit will provide a vehicle for a supplemental lifetime income solution to our members.”
IAFF-FC was created to better serve the International Association of Fire Fighters (IAFF) members and all government employees. The IAFF-FC is a for-profit corporation whose only shareholder is IAFF. The mission of the IAFF-FC is to provide members with outstanding service, numerous investment options and insurance protection, all with competitive pricing.
“The Responders First program will provide new opportunities for everyone involved,” said Security Benefit CEO, Mike Kiley. “We are proud to be able to introduce IAFF members to a supplemental lifetime income solution through our network of broker-dealer partners and financial advisors. At the same time, we broaden our commitment to helping Americans by supporting our community heroes who put their lives on the line every day and help them overcome financial challenges to and through retirement.”
Over Security Benefit’s 125-year history, the company has consistently focused on pre- and post-retirees, helping them achieve a secure retirement by offering some of the industry’s most innovative products through a network of independent financial professionals. With Security Benefit and IAFF-FC’s newly formed relationship, IAFF members will have access to opportunities for a supplemental lifetime income solution.
About Security Benefit
Security Benefit Life Insurance Company (“Security Benefit”), a Kansas-based insurance company celebrating 125 years in business, is a leader in the U.S. retirement market. Founded in 1892 by 11 men with just $11, the company pioneered life insurance for women and everyday people, and quickly established a tradition of community involvement that continues today. As of 2016 year end, the company together with its affiliates had nearly $35 billion in assets under management, offering products in a full range of retirement markets and wealth segments for employers and individuals. Security Benefit is one of the fastest growing U.S. retirement companies and continues its mission of helping everyday Americans to and through retirement. To learn more about Security Benefit, visit www.securitybenefit.com.
The Responders First Supplemental Lifetime Income program is provided through the Security Benefit Foundations Annuity, form 5800 (11-10) and ICC10 5800 11-10), a fixed indexed flexible premium deferred annuity contract, and the Guaranteed Lifetime Withdrawal Benefit Rider, form 5821 (5-11) and ICC11 5821 (5-11), an optional rider available for purchase with the Security Benefit Foundations Annuity for which a charge applies, which are issued by Security Benefit Life Insurance Company (“Security Benefit”). Product features, limitations and availability may vary by state. Not available in all states.
Guarantees provided by annuities are subject to the financial strength of the issuing insurance company. Annuities are not FDIC or NCUA/NCUSIF insured; are not obligations or deposits of, and are not guaranteed or underwritten by any bank, savings and loan or credit union or its affiliates; are unrelated to and not a condition of the provision or term of any banking service or activity.
About the IAFF Financial Corporation
The IAFF-FC is a for-profit corporation whose only shareholder is the International Association of Fire Fighters. The mission is to provide outstanding service, numerous investment options and insurance protection, all with competitive pricing. The service providers we have selected are nationally respected industry experts. At the IAFF Financial Corporation, we go to work to protect our members’ financial future.