Security Benefit has expanded the underlying fund options available within the EliteDesigns Suite of Variable Annuities. The recent additions bring the total number of fund options within the EliteDesigns products to 313.
Nine new funds have been added to both the EliteDesigns and EliteDesigns II variable annuities, broadening the scope of investment options available within its already-robust investment selection.
The new funds include eight TOPS funds, five of which are goal-based strategies ranging from conservative to aggressive based on individual risk tolerances, and three of which are goal-based managed risk strategies. The ninth new fund is a rules-based, non-correlating strategy to manage portfolio volatility from Rational Advisors. The new offerings are: TOPS Conservative ETF; TOPS Balanced ETF; TOPS Moderate Growth ETF; TOPS Growth ETF; TOPS Aggressive Growth ETF; TOPS Managed Risk Balanced ETF; TOPS Managed Risk Growth ETF; TOPS Managed Risk Moderate Growth ETF; and Rational Dynamic Momentum VA Fund.
The TOPS funds, managed by ValMark Advisers, are funds of exchange-traded funds (ETFs) available in the EliteDesigns’ lineup. ETFs offer greater transparency and the potential to reduce cash drag compared to mutual funds. Rational Advisors’ Rational Dynamic Momentum Fund, managed by Jerry Parker of Chesapeake Capital Corporation, employs multiple quantitative trading systems that use different time frames for analysing and identifying trends and emphasises capital preservation. The Rational Dynamic momentum fund is available exclusively through the EliteDesigns Suite of Variable Annuities.
“Properly planning for retirement demands a diverse mix of investments, including passive and active strategies, as well as strategies to manage portfolio volatility,” says David Byrnes, Security Benefit’s President of Distribution. “These additions to the EliteDesigns Suite of Variable Annuities give clients more tax-deferred, risk-mitigating investment options as they navigate their way To and Through Retirement.”
The EliteDesigns Suite of Variable Annuities are cost-effective investment-oriented variable annuities featuring tax-free transfers, no redemption fees on the majority of its actively managed strategies and no surrender or withdrawal charges or annual policy fees. The result is a variable annuity that helps clients manage their tax drag on investment income.