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Photo Release -- Security Benefit Bolsters RIA Platform

Marcello Cosentino

TOPEKA, Kan., March 5, 2013 (GLOBE NEWSWIRE) -- Security Benefit Corporation, a leading provider of retirement savings and income vehicles, today announced new support for financial advisors in the RIA and Independent-Broker-Dealer channel. Recognizing the ever-increasing demand for RIA-focused products and support, Security Benefit Northeast Regional Director Marcello Cosentino has added on four new states to his territory.

Northeast Regional Director, Security Benefit RIA and Independent Broker-Dealer Channel


A photo accompanying this release is available at http://www.globenewswire.com/newsroom/prs/?pkgid=17440

In addition to working with advisors in New York, Cosentino will provide support to advisors in Delaware, New Jersey, Northeast Ohio and Pennsylvania.

"Cosentino is a 15-year veteran of the financial services industry. The expansion of his territory is just the latest step in our initiative to provide RIAs and independent broker-dealers with high-caliber field support as well as innovative products and industry-leading service," said Mike Reidy, National Sales Manager, RIA and Independent Broker Dealer channel at Security Benefit.

One of Cosentino's first initiatives in new portions of his territory will be to help advisors become familiar with and make best use of Security Benefit's Tax Alpha campaign, which focuses on providing advisors with information to help their clients in a rising tax environment. Additionally, he looks forward to discussing with advisors the Security Benefit investment platform designed with RIAs in mind.

To learn more about Cosentino's initiatives along with the services and products Security Benefit provides to advisors in the RIA space, Cosentino can be reached at Marcello.Cosentino@securitybenefit.com or via phone at 973.722.0644.

Security Benefit offers a comprehensive suite of retirement savings and income products, including accumulation and income annuities and retirement plans. The firm serves individual and institutional investors through a broad network of independent financial representatives.

Annuities are long-term investments suitable for retirement investing.

You should consider the investment objectives, risks, and charges and expenses of the investment options available under the Variable Annuity carefully before investing. You may obtain a prospectus that contains this and other information about the investment options or Variable Annuity by calling our Service Center at 1-800-888-2461. You should read the prospectus carefully before investing. Investing in variable annuities involves risk and there is no guarantee of investment results.

In all states except New York, the EliteDesigns Variable Annuity (form V6029) is a flexible purchase payment deferred variable annuity issued by Security Benefit Life Insurance Company (SBL). In New York, the EliteDesigns Variable Annuity (form FSB242 (1-07)) is a flexible purchase payment deferred variable annuity 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). SDI is a wholly-owned subsidiary of SBL. FSBL and SBL are wholly owned subsidiaries of Security Benefit Corporation ("Security Benefit"). Security Benefit is indirectly controlled by Guggenheim Partners, LLC. EliteDesigns may not be available in all states. As the issuer of EliteDesigns, the obligations under the EliteDesigns Variable Annuity are solely those of the issuing insurer (and no other entity's). SBL is not authorized in the state of New York and does not transact the business of insurance in the state of New York.

About Security Benefit Corporation

Founded in 1892, Security Benefit Corporation, a Guggenheim Partners Company, is a leading provider of savings and income solutions for America's pre- and post-retirees. Security Benefit Corporation targets multiple wealth segments and channels of distribution through an independent, merit-based distribution structure. By leveraging Guggenheim Investments' superior general account management capabilities into highly competitive products, Security Benefit Corporation focuses on the retirement savings market providing a full range of services to independent distributors including broker/dealers, IMOs, and other financial service providers. Security Benefit is indirectly controlled by Guggenheim Partners, LLC. To learn more about Security Benefit, visit www.securitybenefit.com.

Services are offered through Security Distributors, Inc., a subsidiary of Security Benefit Corporation (Security Benefit). Security Benefit is indirectly controlled by Guggenheim Partners, LLC.

CONTACT: Dan Mahoney, Communications Strategy Group (970) 405-8060 dmahoney@csg-pr.com Michel' Cole, Security Benefit Corporation (785) 438-3396 Michel.cole@securitybenefit.comSource: Security Benefit