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 may help solve for wealth accumulation challenges over the long term.

Key features
  • Build a robust investment portfolio tailored to your 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 accumulate wealth faster. 
  • Manage your legacy by transferring annuity assets directly to your beneficiaries, bypassing the delays and expenses of probate. An optional death benefit for 0.35% provides the return of purchase premium (less any withdrawals and premium tax) prior to annuitization or death.1

The EliteDesigns II Variable Annuity is not currently available for sale for new contracts. 

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

Read more about the benefits of EliteDesigns II.

Talk to your financial professional to learn more about the EliteDesigns II Variable Annuity. 

1Owners must be age 80 or younger at the time of purchase. This Rider must be selected at the time of contract purchase.  

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

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.

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. 

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.

Neither FSBL nor Security Distributors is 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.

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-10000-65 | 2023/05/01