TOPEKA, Kan. - Security Benefit Group announced Monday that its Security Benefit Life Insurance Co. has launched SecureDesigns, an unbundled variable annuity for the bank channel.

SecureDesigns offers 22 investment options and several riders, including a stepped-up death benefit, extra credit options, a guaranteed minimum income benefit, and a guaranteed growth death benefit.

Dana Ripley, a Secure Benefit spokesman, said it has already reached a sales agreement with Regions Financial Corp. of Birmingham, Ala.

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