The IAFF-FC is now working with Security Benefit Life Insurance Company to help Fire Fighters provide a supplemental income for their families in the future. There are many challenges to consider when preparing for retirement, such as, income stream, the retirement gap, cost-of-living and market performance. This is why the Responders First program was created- to help prepare Fire Fighters for their future and provide them with a solution to this potential income shortfall.
The Responders First Program offers a supplemental lifetime income option for Fire Fighters and their spouses, which will help them by providing a guaranteed income to last their lifetimes. The program is designed to help convert assets from a secondary place of employment, all or a portion of a spouse’s 401k plan or other defined contribution accounts.
Responders First Features:
- Supplemental Lifetime Income Stream
- Option for Spouses
- Guaranteed Lifetime Withdrawal Benefit
- First-Year Bonus
- Flexible Interest Options
- Foundations Calculator
Security Benefit Life Insurance Company is not a fiduciary and the information provided is not intended to be investment advice. This information is general in nature and intended for use with the general public. For additional information, including any specific advice or recommendations, please visit with your financial professional.
The Responders First Program is provided through the Security Benefit Foundations Annuity, form 5800 (11-10) and ICC10 5800 (11-10), a flexible purchase payment deferred fixed indexed annuity, and the Guaranteed Lifetime Withdrawal Benefit Rider, form 5821 (5-11) and ICC11 5821 (5-11), an optional rider for which a charge applies, issued by Security Benefit Life Insurance Company. Product features, limitations and availability may vary by state. Please refer to the product literature for additional explanation of the product and any charges or limitations.
Guarantees provided by annuities are subject to the financial strength of the issuing insurance company. Annuities are not FDIC or NCUA/NCUSIF insured; are not obligations or deposits of, and are not guaranteed or underwritten by any bank, savings and loan or credit union or its affiliates; are unrelated to and not a condition of the provision or term of any banking service or activity