SOURCE: Security Benefit

Security Benefit

April 26, 2011 10:00 ET

Security Benefit, a Guggenheim Partners Company, Announces 8 New Regional Directors for the Personal Retirement Savings Group

NEW YORK, NY--(Marketwire - Apr 26, 2011) - Security Benefit today announced the hiring of eight investment and insurance focused Regional Directors for the Personal Retirement Savings (PRS) Group.

Brian GraimeManhattan, Mid-Atlantic(732) 403-0529
David RabinCalifornia,
(818) 309-5964
Marcello CosentinoLong Island, Westchester, Upstate NY(973) 934-6129
Trey HancockMidwest312-771-0905
Terike NovakTexas, Southwest972-689-7248
Gordon MillerNew England617 833 1823
Bill EvansFlorida561 523 4111
Todd NelsonSoutheast919-576-4198
Sales Desk50 States(877) 700-6847

Initially, this group will be charged with marketing EliteDesigns®, PRS' inaugural product targeting Registered Investment Advisors (RIAs) and other fee based advisors and their clients. They will be supported by a fully staffed sales desk tasked with delivering outstanding customer service to their RIA clients. EliteDesigns innovative structure combines a tax-deferred variable annuity with 200 well-recognized investment options. Leveraging the advantages of an insurance product with the power of a diverse investment platform, the EliteDesigns variable annuity is structured to suit a variety of investment strategies that can meet an expansive array of risk and reward objectives. Complete product details are available online at

"Each of these eight professionals has a deep understanding of the investment and insurance business and, most importantly, a commitment to the RIA community," said Jim Mullery, Senior Vice President of Security Benefit and President of the PRS group. "Their diverse backgrounds and interests as well as our national focus will enable us to build strong relationships with RIAs and address their clients' investment and insurance needs. Security Benefit was fortunate to be able to attract such a talented group."

Variable annuities are long term investments suitable for retirement investing.
While taxes on amounts invested in a variable annuity are deferred until withdrawn, withdrawals are subject to ordinary income tax and, if made prior to age 59½, may be subject to a 10% IRS penalty tax. Conversely, earnings from investments that do not offer tax deferral are taxed currently, and withdrawals from such an investment are not subject to the penalty tax.

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.

The EliteDesigns variable annuity is a flexible purchase payment deferred variable annuity distributed by Security Distributors, Inc. (SDI). In all states except New York, EliteDesigns (form V6029) is issued by Security Benefit Life Insurance Company (SBL). In New York, EliteDesigns (form FSB242 (1-07)) is issued by First Security Benefit Life Insurance and Annuity Company of New York (FSBL), Rye Brook, NY. SBL is not authorized to and does not transact the business of insurance in the state of New York. SDI is a wholly-owned subsidiary of SBL. SBL and FSBL 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. The obligations under the EliteDesigns Variable Annuity are solely those of the issuing insurer and no other entity.

About Security Benefit
Security Benefit fosters strong partnerships to provide insightful and customized retirement solutions for employers and individual investors nationwide. Through a broad advisor network and its nationally recognized money managers, Security Benefit provides mutual funds, annuities, exchange traded funds, broad retirement plans and programs. As an industry leader in service technology, Security Benefit affiliates also offer business processing and broker/dealer solutions tailored to the financial services marketplace. For more information about us, visit

About Guggenheim Partners
Guggenheim Partners, LLC is a privately held global financial services firm with more than $100 billion in assets under supervision including management of assets of approximately $80 billion. The firm provides investment management, investment banking and capital markets services as well as insurance and investment advisory solutions for institutions, corporations, governments and agencies, investment advisors, family offices and individuals. Guggenheim Partners is headquartered in New York and Chicago and serves clients from more than 22 offices in nine countries. For more information, please visit

Contact Information

  • For more information:
    Michel' Philipp Cole
    (785) 438-3396
    Email Contact