Security Benefit Names Regional Vice President for West Region

TOPEKA, Kan., July 18, 2013 (GLOBE NEWSWIRE) -- Security Benefit Corporation, a leading provider of retirement savings and income vehicles for pre- and post-retirees, today announced that Andrew J. Maliskas has been appointed Regional Vice President for the company's Financial Institution team with a focus on the Texas, Louisiana and New Mexico areas.

"Growing our presence and brand in the financial institution marketplace, through a combination of leading-edge products and exceptional service, is a priority for Security Benefit," said Joe Bilsborough, Field Vice President at Security Benefit. "The addition of Andy Maliskas is another major step toward delivering the best-caliber field support in the industry."

A 14-year veteran of financial services distribution and sales, Maliskas has a substantial track record of building relationships with financial institutions and helping individual financial advisors build their book of business, improve their practice management and foster strong client loyalty.

"Andy will be a valuable asset to our financial institution clients and their individual advisors. He has a demonstrated ability to develop and execute strategic sales plans that target a financial institution's specific goals, address the organization's sales challenges and leverage its strong points," said Bilsborough.

Prior to joining Security Benefit, McKinney, Texas-based Maliskas spent 14 years at Genworth Financial in various management and sales leadership roles, including vice president of account management. Maliskas has a bachelor's degree in finance from the University of South Florida.

"I'm happy to have joined the Security Benefit team. With the company's strong position in the financial institution marketplace and the consistent, and noticeable growth over the past several quarters, they are delivering what the marketplace wants. Helping to further build this channel is going to be a great opportunity for the institutions I represent. Being able to offer strong product solutions, plus the promise of exceptional service is something advisors need," Maliskas said

Security Benefit offers a comprehensive suite of retirement savings and income products, including accumulation and income annuities. The firm serves individual and institutional investors through a broad network of financial representatives, via several distribution channels.

About Security Benefit

Security Benefit is a 121-year-old, Kansas-based retirement company which in recent years has become one of the fastest growing retirement savings and income companies in the industry. Through a combination of innovative products, exceptional investment management and a unique distribution strategy, we have become a leader in a full range of retirement markets and wealth segments. Security Benefit is indirectly controlled by Guggenheim Partners, LLC. To learn more about Security Benefit, visit www.securitybenefit.com.

In all states except New York, annuities are issued by Security Benefit Life Insurance Company (SBL). SBL is not authorized in and does not transact insurance business in New York.

CONTACT: Dan Mahoney, Communications Strategy Group          (970) 405-8060          dmahoney@csg-pr.com           Michel' Cole, Security Benefit Corporation          (785) 438-3396          Michel.cole@securitybenefit.com

Source: Security Benefit