The SG AI Navigator Index (the “Index”) is the exclusive property of SG Americas Securities, LLC (SGAS, together with its affiliates, “SG”). SG has contracted with S&P Opco, LLC (a subsidiary of S&P Dow Jones Indices LLC) (“S&P”) to maintain and calculate the Index. “Société Générale”, “SG”, “SG Americas Securities, LLC”, “SGAS”, “Soc Gen”, and “SG AI Navigator Index” (collectively, the “SG Marks”) are trademarks or service marks of SG. SG has licensed use of the SG Marks to Security Benefit Life Insurance Company (“Security Benefit”) for use in a fixed indexed annuity offered by Security Benefit Life Insurance Company(the “Fixed Indexed Annuity”). SG’s sole contractual relationship with Security Benefit is to license the Index and the SG Marks.
None of SG, S&P, 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.
