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Security Benefit

Security Benefit is a U.S. retirement solutions provider offering annuities and mutual fund programs.

Last updated September 15, 2026

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Overview

Security Benefit is a U.S. retirement market provider whose offerings include a broad suite of annuities and mutual fund programs. Its origins trace to a fraternal association founded on Feb. 22, 1892, in Topeka, Kansas, and the company describes a legacy of more than 130 years. It reports assets under management of more than $50 billion and, on another page, almost $60 billion, and it serves customers including school district educators and administrators, individual consumers, retirement plan participants in small- to mid-sized businesses, and high net worth individuals. It also has a relationship with NEA Member Benefits offering retirement savings products to its nearly 3 million members and educators.

History

Security Benefit traces its origins to December 1891, when, in the back of a small Topeka, Kansas, drugstore, 11 men each providing a single dollar pooled their resources to create an insurance fund for those who otherwise couldn't afford it. On Feb. 22, 1892, they founded a fraternal association, the Knights and Ladies of Security, described as the precursor to Security Benefit, which provided working men and women and their children with financial security in the event of a calamity. The company states that it has been its legacy for more than 130 years, and that it has evolved into a leader in the U.S. retirement market with assets under management of more than $50 billion. It also states that for more than five decades it has focused its expertise solely on the retirement market, providing a broad suite of annuities and mutual fund programs.

Products and positioning

A leader in the U.S. retirement market focused solely on that market for more than five decades.

  • Annuities

  • Mutual fund programs

  • Retirement savings products

Sources6 sources

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