Security Benefit Introduces RiskPro(TM) for EliteDesigns(R) Variable Annuity Products

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TOPEKA, Kan., July 23, 2014 (GLOBE NEWSWIRE) -- Security Benefit, a leader in the U.S. retirement savings market, is pleased to announce a select collaboration with ProTools™ LLC, developer of RiskPro, to deliver its Virtual Portfolio Strategist™ for a variable annuity.

The partnership provides financial advisors access to a risk profiling and portfolio construction system for the EliteDesigns suite of deferred variable annuities issued by Security Benefit Life Insurance Company (SBL) and First Security Benefit Life Insurance and Annuity Company of New York (FSBL), Rye Brook, NY. Advisors can use the Virtual Portfolio Strategist to pinpoint an investor's Personal Risk Budget before constructing a tax-deferred portfolio to meet the client's risk budget, using the more than 300 underlying funds available within the EliteDesigns suite of variable annuities. This process helps builds tax-deferred portfolios aligned with the client-assigned Personal Risk Budget to create better accountability and advisor-client alignment of expectations.

"The RiskPro system is designed to help financial advisors manage risk in today's rising tax environment in a revolutionary way," said Doug Wolff, President of SBL and FSBL. "We place high value on providing the right solutions at the right time to help advisors construct optimal retirement solutions for their clients. We couldn't be more pleased to introduce the RiskPro system for our cost-efficient EliteDesigns variable annuities at a time when tax deferral can be critical to retirement savings accumulation."

"Our partnership with Security Benefit is a game changer that will help improve the advisor-client relationship," said Nick Scalzo, CEO and Founder of Protools™. "Blending the strengths of our two organizations has led to the creation of a timely and compelling solution for advisors to help their clients optimize their tax-deferred portfolios."

For more information on the EliteDesigns Variable Annuities and RiskPro, visit

About ProTools, LLC

ProTools™ LLC is an innovative analytics firm dedicated to creating solutions to improve the advisor-client experience. With its roots deep in the investment industry, the organization represents an unprecedented blend of talent and expertise from both the institutional and retail investment community.

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. First Security Benefit Life Insurance and Annuity Company of New York is a 20-year-old insurance company based in Rye Brook, NY. Through a combination of innovative products, exceptional investment management and a unique distribution strategy, Security Benefit has become a leader in a full range of retirement markets and wealth segments. To learn more about Security Benefit, visit

You should carefully consider the investment objectives, risks, charges and expenses of the variable annuity and its underlying investment options before investing. You may obtain a prospectus for the variable annuity and prospectuses or summary prospectuses (if available) for the underlying investment options by calling our Service Center at 1-800-888-2461. You should read the prospectuses carefully before investing. Investing in variable annuities involves risk and there is no guarantee of investment results.

Investing in a variable annuity through a tax-qualified contract such as an IRA offers no additional tax benefit. Security Benefit does not offer investment advice or tax-benefit advice. Annuities are long-term investments, suitable for retirement investing. The investment return and principal value of an investment in a variable annuity will fluctuate and you may have a gain or loss at redemption.

In all states except New York, the EliteDesigns & EliteDesigns II variable annuities (form V6029) are flexible purchase payment deferred variable annuities issued by Security Benefit Life Insurance Company (SBL). In New York, the EliteDesigns Variable Annuity (form FSB242 (1-07)) and the EliteDesigns II Variable Annuity (form FSB254 (5-13)) are flexible purchase payment deferred variable annuities issued by First Security Benefit Life Insurance and Annuity Company of New York (FSBL), Rye Brook, NY. Variable annuities are distributed by Security Distributors, Inc. (SDI). SBL is not authorized in the state of New York and does not transact the business of insurance in the state of New York. SDI is a subsidiary of SBL. SBL and FSBL are affiliates and are wholly owned by Security Benefit Corporation ("Security Benefit"). EliteDesigns and EliteDesigns II may not be available in all states. The obligations under the EliteDesigns and EliteDesigns II Variable Annuities are solely those of the issuing Insurer.

RiskPro is provided by ProTools, LLC through an agreement with Security Benefit for the exclusive use with the EliteDesigns suite of variable annuities. Brokers and Advisors are provided the exclusive use of the RiskPro tool and website through their agreement with SDI. Security Benefit, its affiliates and subsidiaries are not related to ProTools, LLC and its affiliates.


99-00474-32 (2014-07/21)

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

Source: Security Benefit