Security Benefit Launches Personal Retirement Savings Initiative

April 25, 2011 ( - Security Benefit, a Guggenheim Partners Company, has launched EliteDesigns as the inaugural product for its new Personal Retirement Savings (PRS) initiative.

EliteDesigns combines a tax-deferred variable annuity with 200 investment options for Registered Investment Advisers (RIAs) and other fee-based advisers and their clients.  

According to a press release, the EliteDesigns variable annuity leverages the advantages of an insurance product with the power of a diverse investment platform. It is structured to suit a variety of investment strategies that can meet an array of risk and reward objectives.   

From a relatively passive but well-diversified buy-and-hold investment program, to a progressive core and satellite model, to a highly sophisticated tactical strategy, EliteDesigns offers a broad range of asset classes and a portfolio of well-known asset managers, the announcement said.   

For the investment options that permit active trading, there are no trading limits and no redemption fees.   

Complete product details are available at