The SG AI Navigator Index (the “Index”) is the exclusive property of Societe Generale. Societe Generale has signed a contract with Solactive AG wherein Solactive AG undertakes to calculate and maintain the Index(es). The Index(es) is not sponsored, promoted, sold, or supported in any other manner by Solactive AG, nor does Solactive AG offer any express or implicit guarantee or assurance either with regard to the results of using the Indexes and/or trademarks of the Index(es) or the levels of the Index(es) at any time or in any other respect.
None of SG, Solactive AG, or any other third party licensor, including Alexandria Investment Research and Technology, Inc., and Salt Financial LLC and any affiliate of Salt Financial LLC (“Salt”) (each, an “Index Party” and collectively, the “Index Parties”) to SG is acting, or has been authorized to act, as an agent of Security Benefit or has in any way sponsored, promoted, solicited, negotiated, endorsed, offered, sold, issued, supported, structured or priced the Fixed Indexed Annuity or provided investment advice to Security Benefit, and no Index Party makes any representation whatsoever as to the advisability of purchasing, selling or holding any product linked to the Index, including the Fixed Indexed Annuity. No Index Party shall have any liability with respect to the Fixed Indexed Annuity in which an interest crediting option is based on the Index and is not liable for any loss relating to the Fixed Indexed Annuity, whether arising directly or indirectly from the use of the Index, its methodology, any SG Mark or otherwise.
Obligations to make payments under the Fixed Indexed Annuity are solely the obligation of Security Benefit. The selection of the Index as a crediting option under a Fixed Indexed Annuity does not obligate Security Benefit or SG to invest annuity payments in the components of the Index.
In calculating the performance of the Index, SG deducts a maintenance fee of 0.50% per annum, calculated on a daily basis. This fee will reduce the potential positive change in the Index and increase the potential negative change in the Index. While the volatility control applied by SG may result in less fluctuation in rates of return as compared to indices without volatility controls, it may also reduce the overall rate of return as compared to products not subject to volatility controls.
The Fixed Indexed Annuity is not sponsored, endorsed, sold or promoted by Salt. Nor does Salt make any representation regarding the advisability of purchasing the Fixed Indexed Annuity. Alexandria Technology (a.k.a. Alexandria Investment Research and Technology, Inc.) makes no recommendation as to the suitability of purchasing the Fixed Indexed Annuity.
