Security Benefit Appoints David Byrnes to Lead Financial Institution Channel

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TOPEKA, Kan., June 2, 2014 (GLOBE NEWSWIRE) -- Security Benefit Life Insurance Company, a leader in the U.S. retirement savings market, announced today the addition of David Byrnes as Head of Bank Markets for its Bank/Financial Institution Channel.

Mr. Byrnes, who has more than 25 years of experience in the financial and annuity industries, will manage all sales and relationship aspects of the channel, serving as the primary contact for all existing and future partner financial institutions. He will also lead the Financial Institution Channel's third-party wholesaling relationship, which aims to create increased efficiencies by utilizing new and progressive wholesaling methods, thus allowing for more strategic and targeted growth.

"Dave joins Security Benefit during an exciting time, as we focus on realizing the increased efficiencies of third-party distribution and gaining additional market share in the bank channel," said Doug Wolff, President of Security Benefit Life Insurance Company. "His impressive background and extensive experience in financial services will help him create valuable relationships with our financial institution partners."

Mr. Byrnes has held several sales and executive positions, including Executive Vice President, Director of Sales and Relationship Management, at Sun Life Financial in Boston.

About Security Benefit

Security Benefit Life Insurance Company is a 122-year-old, Kansas-based insurance company, which in recent years has become one of the fastest growing companies in the U.S. retirement market. Through a combination of innovative products, exceptional investment management and a unique distribution strategy, we have become a leader in a full range of retirement markets and wealth segments. To learn more about Security Benefit, visit 99-00473-98 2014/05/19

CONTACT: Media Contacts: Peter MacKellar, Communications Strategy Group (303) 433-7020 Dave Clauson, Security Benefit (785) 438-3035

Source: Security Benefit