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About Scarborough Securities
Scarborough Securities Corporation is a member firm of the National Association of Security Dealers (NASD) and is registered with the Securities and Exchange Commission (SEC). Scarborough Securities is part of the Scarborough Group of Companies and we have been helping union members and their families plan for their financial retirement since 1970.
Advantages of the Scarborough Advantage
Tax-Deferred Savings
Transferring an Existing Annuity
Professional Money Management
Top Performing Investment Options
Low fees - no sales charges, withdrawal charges or surrender fees - ever
Guaranteed Death Benefit
The Scarborough Advantage
If you like the idea of having tax-deferred earnings on investments that are not part of a pension or 401k plan, we can help you meet your retirement investing goals. Scarborough Securities Corporation offers you a tax-advantaged investment: the Scarborough Advantage variable annuity. With this solution from Scarborough Securities, you can enjoy tax-deferred growth, professional money management, investment diversification including a fixed income account and retirement planning assistance. Be sure to ask about the Scarborough Advantage as part of your retirement investment portfolio.
Transferring an Existing Annuity
If you have an existing annuity with another company and are interested in taking advantage of the features of the Scarborough Advantage Variable Annuity, you can do a tax-free exchange to our annuity.
Contact us first to find out if surrender charges may apply to your existing contract.
Download Scarborough Advantage Variable Annuity Brochure (Pdf).
Professional Money Management
An important question often asked is "Who can I trust to manage my money?" Scarborough Advantage answers the question by offering several independent investment managers known for their consistent performance, disciplined investment process and clearly defined investment objectives.
We offer several investment managers so you can tailor your investment to fit your needs and be confident that your investments are working hard for you.
Standish Mellon Asset Management is one of the nation's most prominent investment advisors specializing in stable value investments. The Boston-based firm founded in 1933 manages over $134 billion in fixed income assets.
T.Rowe Price, located in Baltimore, Maryland and founded in 1937, is one of the premier global investment management firms in the world. It manages more than $257 billion in assets for individuals, separate accounts and institutions.
Goldman Sachs, founded in 1869, is one of the oldest and largest investment banking firms. The firm is headquartered in New York and maintains offices in London, Frankfurt, Tokyo, Hong Kong and other major financial centers around the world. It manages over $376 billion in assets for individuals and institutions globally.
OppenheimerFunds, founded in 1960, has been helping individual investors achieve their financial goals. One of the largest and most respected mutual fund companies in the U.S., they manage more than $200 billion in assets, including funds with over 7 million shareholder accounts.
Scarborough Advantage Investment Options
The Fixed Income Account (The Fixed Income Account: seeks to provide an attractive rate of interest as currently declared quarterly by Security Benefit Life Insurance Company ("SBL"). The account's investments are made by the advisor, Standish Mellon Asset Management. The advisor invests the assets of the account to achieve safety of principal by investing in high quality, broadly diversified investments. These may include fixed income obligations issued by corporations and by the U.S. Government and its agencies.)
.Pdf fact sheet
The SBL Equity Income Fund managed by T.Rowe Price™ (The SBL Equity Income Fund managed by T.Rowe Price™: seeks substantial dividend income and capital appreciation. The portfolio invests at least 80% in common stocks with 65% in the common stocks of well established companies paying above-average dividends. The fund uses a value-oriented approach, which means it invests in stocks the managers believe are currently undervalued by various measures and may be temporarily out of favor in the market place.)
.Pdf fact sheet
T.Rowe Price Mid-Cap Growth Fund™ (T.Rowe Price Mid-Cap Growth Fund™: seeks long-term capital appreciation by investing primarily in the common stocks of medium-sized companies with the potential for above-average growth. The fund focuses on mid-cap companies which may possess the following characteristics: successfully weathered the "start-up" years, offer proven products and/or services, have experienced management teams, can finance their own growth and are considered "rapid" growers.)
.Pdf fact sheet
The Goldman Sachs Capital Growth Fund™ (The Goldman Sachs Capital Growth Fund™: seeks long-term growth of capital by investing in industry leaders that are capitalizing on secular trends. The fund invests as though it were actually buying the company, rather than just trading its stock. It seeks companies with strong business franchises, favorable long-term prospects and excellent management. It also looks for companies which they believe are selling at reasonable prices.)
.Pdf fact sheet
The Goldman Sachs Small Cap Equity Fund™ (The Goldman Sachs Small Cap Equity Fund™: seeks long-term growth of capital. The fund uses the CORE stock selection criteria - Valuation, Momentum, Profitability, Earnings Quality, Fundamental Research and Management Impact to assess every company in the investment universe, every day. It believes that the CORE model allows them to concentrate risk in stock selection while minimizing exposures to uncompensated sources of risk.)
.Pdf fact sheet
The SBL Global Fund managed by Oppenheimerfunds™ (The SBL Global Fund managed by Oppenheimerfunds™: seeks long-term growth of capital by investing in diversified pools of securities with at least 65% of total assets in at least three countries, one of which may be the U.S. It invests primarily in foreign and domestic common stocks or convertible stocks of growth-oriented companies considered to have appreciation possibilities. There are increased risks associated with global markets. Please see the fact sheet for more information.)
.Pdf fact sheet
For current fund performance for each of these funds click here.
Fees and Expenses
The Scarborough Advantage has no upfront sales charges and unlike most variable annuities there are no withdrawal charges (surrender charges.) This means that 100% of your money is invested and 100% of your account value is available to you at any time*.
Here's how the Scarborough Advantage compares to other Variable Annuities.
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Other Variable Annuities |
The Scarborough Advantage |
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Upfront Sales charges |
NONE |
NONE |
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Withdrawal charges |
Up to 9% for 9 years |
NONE* |
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Here's an example of how fees can impact your account.
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9% Withdrawal Charge:
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If you invested $100,000 in a variable annuity and later needed to withdraw the money or decided to transfer your money out (didn't like investment performance, service, etc.) there would be costly withdrawal fees deducted from your account. An annuity with a 9% withdrawal charge in the first year could cost you $9,000. |
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Guaranteed Death Benefit
Scarborough Advantage Variable Annuity provides participants with a guaranteed death benefit. This allows the proceeds of your account to be paid to your designated beneficiary upon your death.*
If a spouse is your sole surviving beneficiary they may also choose to keep the account in force.*
Scarborough Securities Corporation is an affiliated company of Scarborough Alliance Corporation and is a member firm of the National Association of Securities Dealers (NASD). The Scarborough Advantage variable annuity is issued by Security Benefit Life Insurance Company and is distributed by Security Distributors, Inc. Variable annuities are long-term investments suitable for retirement and involves risk and loss of principal.
You should consider the investment objectives, charges and expenses, and risks of the Scarborough Advantage Variable Annuity carefully before investing. The prospectus contains this and other information about the Variable Annuity and its investment options. You should read the prospectus carefully before investing.
For more information about the Scarborough Advantage Variable Annuity including charges and expenses, call 1-800-223-7608. The annuity (form GV6059) is issued by Security BenefitLife Insurance Company and is distributed by Security Distributors, Inc.
Download Scarborough Advantage Variable Annuity Prospectus (Pdf).
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Scarborough Securities Corporation is a member firm of the National Association of Securities Dealers (NASD).
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