TOPEKA, Kan., Dec. 19, 2014 (GLOBE NEWSWIRE) -- Security Benefit, a leader in the U.S. retirement savings market, today announced the renewal of its partnership with National Education Association (NEA) Member Benefits as the exclusive provider of the NEA Retirement Program.
Since 2001, Security Benefit, in partnership with the NEA, has helped NEA's K-12 school employee members throughout the country plan and invest for their retirement. Security Benefit's renewed agreement with NEA Member Benefits reflects the changing retirement landscape for the education community, as the program expands well beyond the original NEA Valuebuilder program to offer a range of products optimized to help members meet retirement goals specific to their life and career stages.
"It's truly a pleasure to continue our partnership with the NEA to work to provide members with the right retirement solutions at the right time in their careers," said Doug Wolff, President of Security Benefit Life. "We look forward to working hand-in-hand with the NEA and its valued members to successfully meet the retirement challenges posed by ever-changing state pension systems and a historically low interest rate environment."
Millions of NEA members now face a dramatically different retirement outlook where a one-size-fits-all approach no longer meets the needs of its diverse membership. Younger members, who are just starting careers and need solutions to help grow and accumulate assets, have far different needs than those near retirement and focusing on retirement income.
"Whether it's teachers, support staff, custodians or librarians, each of the NEA's 3.2 million members have a profound impact on the lives of our children, and it's an honor for Security Benefit to continue our partnership with the NEA to help ensure its members meet their retirement goals," Wolff said.
For more information about the NEA Retirement Program, visit www.nearetirementprogram.com.
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, Security Benefit has become a leader in a full range of retirement markets and wealth segments. To learn more about Security Benefit, visit www.securitybenefit.com.
This information is provided by Security Distributors, Inc. (SDI) in connection with the NEA Retirement Program for retirement plans sponsored by school districts and other employers of NEA members and individual retirement accounts established by NEA members. SDI and certain of its affiliates (collectively, "Security Benefit") make products available under the NEA Retirement Program, directly or through authorized broker/dealers, pursuant to an agreement with NEA's wholly owned subsidiary, Member Benefits Corporation ("MBC"). NEA and MBC are not affiliated with Security Benefit. Neither NEA nor MBC is a registered broker/dealer. All securities brokerage services are performed exclusively by the independent sales representative's broker/dealer and not by NEA or MBC.
Source: Security Benefit