Security Mutual offers a unisex traditional whole life product that was designed specifically for use in qualified plans and is well-suited to the 412(e)(3) plan. We also offer a Flexible Premium Annuity (FPA) product that can be appended to our unisex whole life contract. The FPA can provide for the guaranteed cash accumulation of retirement assets and also offer guaranteed retirement income if desired. In addition, we offer unisex universal life products, which can be part of a traditional pension plan or cash balance plan.
Security Mutual's retirement plan proposal system does much more than simply describe plan costs, benefits and features. It includes easy-to-read narratives that allow the advisor to educate the employer/sponsor on the advantages of the tax-qualified retirement plan being presented. The system includes a detailed section that presents the tax and cash flow advantages of including life insurance inside the plan. It also includes an explanation and projection of available exit strategies. And it allows advisors some opportunities to brand their plan proposals.
Financial advisors who work with Security Mutual have access to a full service third party administration firm, Security Administrators, Inc. (SAI). SAI has many years of experience working with tax-qualified plans of all types, from the simple to very complex plans. SAI is a fee-for-service firm. It is not an investment advisory firm, nor does it have securities credentials of any type. SAI's only business is plan design installation and administration.
Financial advisors who do business with Security Mutual have access to comprehensive marketing support. This support includes: a cloud-based resource portal; concept videos that the advisor can place on his or her website and attach to emails; a personal microsite that brands the advisor as someone who works in the retirement plan space, and phone and online access to retirement plan experts.
From the initial plan design, to consulting services, as well as technical and practical support, Security Mutual Life is here to help you and your clients design the right 412(e)(3) plan for their needs. Security Administrators, Inc., our wholly owned subsidiary, will even perform the administrative work on a fee-for-service basis. There is no sharing of commissions.
To learn more about Security Mutual and how we can help your 412(e)(3) Fully Insured Defined Benefit Plan efforts, please complete the form below and we'll contact you. Or, if you would like to speak to us about 412(e)(3) plans, please call 844-765-7526.
Ask us about our free 412(e)(3) Professional Advisor's Guide.