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Feb 29, 2024 by |

California Annuities Attorney: Security Benefit Life Insurance Company Fixed Indexed Annuities


Class Action Against Security Benefit Life Insurance Company

Policies Marketed as Total Value Annuities

Consumers in a national class-action lawsuit against Security Benefit Life Insurance Co. for misrepresentations made by Security Benefit in connection with the sale of certain fixed indexed annuities scored a victory last year when the Tenth Circuit Court of Appeals reversed the lower court’s dismissal of the complaint. Ella Clinton, et al. v. Security Benefit Life Insurance Company, Case No. 21-3035 (10th Cir., Mar. 28, 2023). The Appellate Court ruled that plaintiffs had sufficiently plead fraud claims against Security Benefit so that the case could move forward to trial.  The annuities at issue are marketed as Total Value Annuities and are marketed throughout the country. 

The suit alleges that Security Benefit misrepresented returns under certain fixed indexed annuities offering returns based on indices such as the Morgan Stanley Dynamic Allocation Index and the Annuity Linked Trader Vic Index (ALTVI).   If you have a Security Benefit Total Value Annuity, call us at (415)441-8669 or toll free at 1-888-50EVANS (888-503-8267).

The litigators at Evans Law Firm represent consumers who have suffered losses under annuities issued by other carriers.  Often the representation is in the context of national or multi-State class actions.  The claims are often similar to the claims alleged in the Security Benefit Life Insurance Company class action. 

Contact Us

If you or a loved one has purchased a Security Benefit Life Insurance Company annuity, contact Ingrid M. Evans and the other annuity attorneys at Evans Law Firm for a free evaluation of your policy at (415) 441-8669, or by email at <a href=””></a>.

Annuities and life insurance produce large sales commissions for brokers but are often inappropriate products for consumers, especially seniors.  Leading providers and distributors of life insurance and fixed, variable and fixed indexed deferred annuities, including Security Benefit Life Insurance Company, are listed below.  We are not in any way suggesting that any of these carriers or distributors has done anything wrong.  Rather, the list is provided solely as a reference for our readers.

AIG/American General Life Insurance Company

Allianz Life Insurance Company of North America

American Equity Investment Life Insurance Company

American General Life Insurance Company/AIG

American International Group, Inc. (AIG)

American National Life Insurance Company

Athene Annuity & Life Assurance Company

Athene Annuity and Life Company

Athene USA

Aviva Life Insurance Company

AXA Equitable Financial Services, LLC

AXA Equitable Life Insurance Company/AXA US

AXA Advisors, LLC

Brighthouse Financial, Inc./MetLife

EquiTrust Life Insurance Company

Fidelity & Guaranty Life Insurance Company

Genworth Financial, Inc.

Genworth Life and Annuity Insurance Company

Genworth Life Insurance Company

Guggenheim Partners, LLC

Guggenheim Partners/Security Benefit Life Insurance Company

ING USA Annuity and Life Insurance Company

Jackson National Life Insurance Company

John Hancock Life Insurance Company

Lincoln Benefit Life Company

Lincoln Financial Group

Massachusetts Mutual Life Insurance Company

Metlife/Metropolitan Life Insurance Company/Brighthouse Financial, Inc.

Minnesota Life Insurance Company

Nationwide Investor Services Corporation (NISC)

Nationwide Life and Annuity Insurance Company

Nationwide Life Insurance Company

New York Life Insurance Company

Northwestern Mutual Investment Services, LLC

Northwestern Mutual Life Insurance Company

Northwestern Mutual Wealth Management Company

Pacific Life & Annuity Company

Pacific Life Insurance Company


Securian Financial Group

Security Benefit Corporation

Security Benefit Group, Inc.

Security Benefit Life Insurance Company/Guggenheim Partners

Security Investors, LLC

Security of Denver Life Insurance Company/Voya

Transamerica Life Insurance Company

Voya Financial Advisors

Voya/Reliastar Life Insurance Company

World Financial Group Insurance Agency, Inc.

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