Security Benefit Life’s Secret Sauce
April 6, 2021 by Kerry Pechter
Joe Wittrock, CIO at Security Benefit Life, explains how the firm’s investments outperform. Eldridge Industries, run by ex-Guggenheim president Todd Boehly, owns SBL, Billboard magazine and lots else.
There’s a belt-and-suspenders aspect to pegging the performance of a fixed indexed annuity (FIA)—a product that can’t lose money unless “surrendered” prematurely—to the movement of an index designed to move less than the market.