Today’s Best SBLI USA Annuity Rates
| Term | Product | AM Best Rating | Rate |
| 5 Years | Advanced Choice | A- | 4.70% |
| 7 Years | Advanced Choice | A- | 4.70% |
| 3 Years | Advanced Choice | A- | 4.55% |
SBLI USA
Our Take
SBLI USA’s annuity offerings are accessible thanks to low minimum premiums, and they hold an impressive A- financial strength rating. However, many clients seem unsatisfied with SBLI USA’s customer service.
Pros
- Low minimum premiums
- Customizable riders available
- Strong financial strength rating
Cons
- Limited product offerings
- Limited options for linked index
- Poor customer satisfaction
Compare SBLI USA Annuity Rates
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| Product | Rate | Guarantee Period | Surrender Period | AM Best Rating |
|---|---|---|---|---|
|
Security Benefit Life Insurance Company Advanced Choice |
4.45% | 3 Years | 3 Years | A- |
|
Security Benefit Life Insurance Company Advanced Choice |
4.60% | 5 Years | 5 Years | A- |
|
Security Benefit Life Insurance Company Advanced Choice |
4.60% | 7 Years | 7 Years | A- |
Additional Products Offered by SBLI USA
The annuity products SBLI USA offers include two fixed annuities and one indexed annuity.
SBLI USA’s Fixed Annuities
Both of SBLI USA’s fixed annuity offerings come with multiple interest rate guarantee periods and an optional return of premium feature. Additionally, both products allow owners to withdraw up to 10% of their contract’s value annually without penalty.
- SBLI’s Select Choice® Single Premium Deferred Annuity includes a market value adjustment feature that may alter the contract’s value at the time of withdrawal. Customers can choose a guarantee period of three, five or seven years. This annuity has a $5,000 minimum premium.
- The Select Choice® Plus Single Premium Deferred Annuity has a $2,000 minimum premium and four guarantee periods to choose from: three years, four years, five years or seven years. Owners can also choose to add one or more riders, including a market value adjustment rider, return of premium rider and penalty-free withdrawal rider.
SBLI USA’s Indexed Annuity
SBLI USA also offers the Safe Solution® Single Premium Fixed Index Deferred Annuity. This indexed annuity has a minimum premium of $5,000 and offers three surrender periods to choose from: five years, seven years or nine years.
With the Safe Solution® annuity, owners can choose how much of their premium they allocate to each of the three interest-crediting accounts. The first account is a fixed rate that’s credited daily, while the other two are indexed accounts tied to the performance of the S&P 500.
Buy an Annuity From SBLI USA Today
About SBLI USA
SBLI USA Life Insurance Company is the New-York-based insurance and annuity subsidiary of Prosperity Life Group. Despite its initials, this company is not affiliated with the Savings Bank Life Insurance Company of Massachusetts or the Savings Bank Life Insurance Company of Connecticut.
Although the provider mainly does business in New York, SBLI USA is licensed to sell insurance and annuity products in 35 states and the District of Columbia. In 2022, the company grossed over $444.8 million in individual annuity premiums, according to the National Association of Insurance Commissioners (NAIC). SBLI USA controls roughly 0.16% of the U.S. annuity market.
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Credit Ratings
If you’re thinking of buying an annuity, it’s important to know about credit ratings for annuity providers. These ratings show how financially stable the provider is and how likely they are to be able to meet their end of an annuity contract. Just keep in mind that different rating companies may use different scales to rate them.
SBLI USA Credit Ratings
| Rating Company | Credit Rating |
| AM Best | A- |
| Fitch | Not Rated |
| S&P | Not Rated |
See which annuity providers our independent editorial team ranked as the Best Annuity Companies of 2024.
What Customers Are Saying About SBLI USA
SBLI USA seems to have some issues with customer satisfaction. The company holds an accreditation and an A+ rating from the Better Business Bureau (BBB). However, the company’s reviews on the BBB website tell a different story.
SBLI USA has received 20 customer reviews, all of them critical. Many customers claim that the company charged them unexpectedly and that they weren’t able to get in contact with customer service when they tried to address the issue.
SBLI USA has also had several customer complaints registered with state insurance commissions, according to the NAIC. The company received 11 complaints in 2022 and 10 in 2021.
However, these complaints were all submitted by SBLI USA’s life insurance customers; the company has received no complaints from annuity customers in the last three years, according to the NAIC’s data.
The NAIC tracks consumer complaints each state’s insurance commission receives each year. These are used to compile a company’s NAIC Complaint IndexNAIC Complaint IndexDetermined by dividing the company’s share of complaints in the U.S. market by the company’s share of premiums in the U.S. market. The National Complaint Index is always 1.00, so a score of 2.00, for example, is twice as high as expected in the market..
NAIC Complaint Index for SBLI USA
| All Policy Types | 0.66 |
| Individual Annuities Only | 0.00 |
These numbers indicate that SBLI USA receives fewer customer complaints than the industry average.
SBLI USA Pros & Cons
SBLI USA, like any annuity provider, has advantages and disadvantages. Before purchasing an annuity, be sure to weigh the pros and cons of any provider you’re considering.
Pros
- Low minimum premiums: Two of SBLI USA’s annuities require only $5,000 to purchase, and one fixed annuity can be purchased with a premium as low as $2,000.
- Customizable riders available: The Select Choice® Plus fixed annuity can be customized with three different riders.
- Strong financial strength rating: SBLI USA holds an excellent A- rating from AM Best, signaling its robust financial stability.
Cons
- Limited product offerings: SBLI USA only offers two fixed annuity options and one indexed annuity.
- Limited options for linked index: The indexed annuity can only be linked to the S&P 500; no other index options are available.
- Poor customer satisfaction: The company has received a high number of complaints from the BBB and state insurance commissioners.
Still Searching for the Best Annuity Provider?
Provider Rating Methodology
Annuity.org created a fact-based methodology to analyze the strength, security and reach of different annuity providers. We assessed companies based on their availability, the number of direct premiums sold, their AM Best Financial Strength Rating and their NAIC Complaint Index score.
Providers received a rating on a five-star scale for each of these categories, with the complaint index and financial strength ratings weighed as the heaviest variables. Then, using a weighted average, each company was assigned an overall star rating.
Top-Ranked Annuity Providers
| Provider | Annuity.org Star Rating |
| Mass Mutual |  |
| New York Life | |
| Pacific Life | |
| Midland National | |
| North American | |
| Western & Southern | |
Our Rating Panel
The Annuity.org editorial team spoke with several different annuity experts to learn more about what is important to customers when searching for a provider and what factors make a company reliable. While Annuity.org designed the methodology, these experts provided feedback during the process and consulted on what factors we should leverage to best help prospective buyers compare providers.
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