At a glance

Product name: EliteDesigns® II Variable Annuity
Product type
Variable Annuity
Minimum purchase
M&E: Account Value > $500,000: 1.00%; Account Value < $500,000: 1.20% Annual Admin Fee: 0.25%2
Surrender charges
Nearly 300 underlying funds
Optional rider(s):
Return of Premium Death Benefit: 0.35%1

EliteDesigns® II Variable Annuity

As an investment-oriented variable annuity, EliteDesigns II can help solve for wealth accumulation challenges over the long term.

Key features
  • Build an investment portfolio tailored to your client’s risk profile and financial goals with nearly 300 underlying investment options, including alternative strategies. Or, choose from one of our Target Portfolios by Mesirow
  • Tax-deferred portfolio growth may help your clients accumulate wealth faster.
  • Optional return of premium death benefit rider1

Return on investment, inflation, and taxes are three significant variables when it comes to achieving investment success. The EliteDesigns II Variable Annuity can help address these challenges.

Read more about the benefits of EliteDesigns II.

1Provides beneficiaries the greater of the return of Purchase Payments (less withdrawals and premium tax) or the current Contract Value if the contract holder dies before annuity payments have begun, or prior to the payout phase. This feature protects the death benefit from any downside risk from the underlying fund selections. Owners must be age 80 or younger at the time of purchase. This Rider must be selected at the time of contract purchase. 0.35% annual charge.

20.25% for all subaccounts, except for Dimensional and Vanguard subaccounts, which are 0.65%


Client Proposals
EliteDesigns® II Variable Annuity Application

Annuities are long-term investments, suitable for retirement investing. The investment return and principal value of an investment in a variable annuity will fluctuate and you may have a gain or loss at redemption.

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; and are unrelated to and not a condition of the provision or term of any banking service or activity. 

You should carefully consider the investment objectives, risks, charges, and expenses of the investment options available under the variable annuities offered. You may obtain a prospectus and/or summary prospectus that contains this and other information about the investment options or variable annuity by calling our Service Center at 800.888.2461. You should read the prospectus and/or summary prospectus carefully before investing. Investing in variable annuities involves risk and there is no guarantee of investment results.

See the prospectus for complete product details.

Annuities are issued by First Security Benefit Life Insurance and Annuity Company of New York (FSBL), Albany, NY. Variable annuities are distributed by Security Distributors, an affiliate of FSBL. The EliteDesigns® II Variable Annuity (form (FSB254 (10-21)) is a flexible premium deferred variable annuity.

Mesirow Financial is not related to FSBL and/or its affiliates. Mesirow Financial refers to Mesirow Financial Holdings, Inc. and its divisions, subsidiaries and affiliates. The Mesirow Financial name and logo are registered service marks of Mesirow Financial Holdings, Inc. ©2019. All rights reserved.

FS-10000-64 | 2021/12/31