Security Benefit appoints Jacquline Morales as chief operating officer

“Jacquline is a results-oriented executive with substantial experience building and leading complex, established organizations as well as start-ups,” said Wolff. “She has an exceptional track record of instilling cultures that are customer-focused, process improvement-oriented, highly engaged, and innovative. She has been recognized throughout her career for building, developing, and retaining outstanding leadership teams needed to meet and exceed aggressive targets.”

Morales will lead the operations / technology portion of Security Benefit’s manufacturing group.

“Security Benefit is known for its innovative approach to product development and partner distribution and as a result, has become an undisputed leader within the U.S. retirement industry,” said Morales. “The company’s long-standing history and expertise it brings to customers has made it the partner of choice for advisors and carriers alike. It is a great cultural fit for me, and I am thrilled to join the team! I look forward to working with Doug and senior management to maintain Security Benefit’s market-leading position while attracting new customers and pursuing new markets for expansion.”

Throughout Morales’ more than thirty-year career, she has held key leadership roles and helped chart growth strategies, most recently at an Insurtech start-up in NY, where she has served as Chief Insurance Officer, responsible for insurance, carrier, reinsurer and banking setup and strategic planning, and the formation of TPA activities for the business. Prior to that, Jackie was with Bestow in Dallas, where she was the Chief Insurance Officer and Board Director. Previous leadership positions before that include COO and Board Director for Legal & General America and several different Head of Operations positions during her 10-years at AXA Equitable. In these various roles, she was responsible for establishing scalable infrastructure internally, leading digital transformation initiatives, implementing new tools to create operational efficiency and overseeing M&A activity.

Morales received her bachelor’s degree in humanities and MBA in Finance from Southern Methodist University. She is a licensed insurance agent, has served on numerous committees for industry trade groups and is often cited by the media as an expert in life insurance and annuities.

About Security Benefit

Security Benefit Corporation (“Security Benefit”), through its subsidiary Security Benefit Life Insurance Company (SBL), a Kansas-based insurance company that has been in business for 130 years, is a leader in the U.S. retirement market. Security Benefit together with its affiliates offers products in a full range of retirement markets and wealth segments for employers and individuals and held $46.9 billion¹ in assets under management as of December 31, 2021. Security Benefit, an Eldridge business, continues its mission of helping Americans To and Through Retirement^®. Learn more at www.securitybenefit.com and follow us on LinkedIn, Facebook or Twitter.

Security Benefit Corporation and its affiliates are not fiduciaries. This information is general in nature and intended for use with the general public. For additional information, including any specific advice or recommendations, please visit with your financial professional. Guarantees provided by annuities are subject to the financial strength of the issuing insurance company. Annuities are not FDIC or NCUA/NCUSIF insured; are not obligations or deposits of, and are not guaranteed or underwritten by any bank, savings and loan or credit union, or its affiliates; and are unrelated to and not a condition of the provision or term of any banking service or activity. SBL is not authorized in and does not conduct the business of insurance in the state of New York.

SB-10019-46

¹ excludes $4.9bn of funds withheld assets (includes $3.2bn of in-force business as of January 1, 2021 and $1.7bn of business written in 2021) and $0.3bn of assets held pursuant to the overcollateralization requirements under the reinsurance transaction with SkyRidgeRe Limited.