NEA Valuebuilder^® Program Supplier Earns Ratings Upgrade

GAITHERSBURG, MD—August 17, 2010—NEA Member Benefits is pleased to announce that Security Benefit Life Insurance Company (SBL), supplier of the NEA Valuebuilder retirement savings program, has just been upgraded to a BBB+ credit rating with a positive outlook by Standard & Poor’s Ratings Services.

The upgrade occurred as a result of the acquisition of Security Benefit Corporation by an investment group led by Guggenheim Partners, which included an infusion of $340 million of capital into SBL. This is the second time Security Benefit’s ratings have been upgraded this year, and more are hoped for within the next year.

The positive outlook for Security Benefit over the next year includes plans to develop additional product offerings, expand distribution efforts, and improve all areas of its business operations.

If you have any questions about the NEA Valuebuilder Program, please contact John Wendland, program manager, at or call (301) 251-9600.

About NEA Member Benefits
National Education Association’s Member Benefits Corporation is a wholly-owned subsidiary of the NEA charged with bringing additional value to Association membership by providing financial products and solutions tailored for NEA members and their families.

About Guggenheim Partners
Guggenheim Partners, LLC is a diversified financial services firm with more than $100 billion in assets under supervision. The firm’s businesses include investment management, investment advisory, insurance, investment banking and capital markets services. The firm is headquartered in Chicago and New York with a global network of offices throughout the United States, Europe and Asia.

About Security Benefit
Security Benefit fosters strong partnerships to provide insightful and customized retirement solutions for employers and individual investors nationwide. Through a broad advisor network and its nationally recognized money managers, Security Benefit provides mutual funds, annuities, exchange traded funds, retirement plans and programs. As an industry leader in service technology, Security Benefit affiliates also offer business processing and broker/dealer solutions tailored to the financial services marketplace.

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You should consider the investment objectives, risks, and charges and expenses of the investment options available under the NEA Valuebuilder Program carefully before investing.You may obtain a prospectus that contains this and other information about the mutual funds or variable annuity by calling our National Service Center at 1-800-888-2461. You should read the prospectus carefully before investing. Investing in mutual funds and variable annuities involves risk and there is no guarantee of investment results.

Annuities are long-term investments suitable for retirement planning. The NEA Valuebuilder Variable Annuity TSA, Contract Form No. V6029, is a flexible premium deferred variable annuity issued by Security Benefit Life Insurance Company (SBL).

The NEA Valuebuilder Program provides investment products (the “NEA Valuebuilder products”) in connection with retirement plans sponsored by school districts and other employers of NEA members and individual retirement accounts established by NEA members. Security Distributors, Inc. and certain of its affiliates (collectively “Security Benefit”) make the NEA Valuebuilder products available under this program pursuant to an agreement with NEA’s wholly-owned subsidiary, NEA’s Member Benefits Corporation (“MBC”). Security Benefit has the exclusive right to offer the NEA Valuebuilder products under the program, and MBC generally may not enter into arrangements with other providers of similar investment programs or otherwise promote to NEA members or their employers any investment products that compete with the NEA Valuebuilder products. MBC promotes the program to NEA members and their employers and provides certain services in connection with the program. Security Benefit pays an annual fee to MBC based in part on the average assets invested in the NEA Valuebuilder products under the agreement. You may wish to take into account this agreement and arrangement, including any fees paid, when considering and evaluating any communications relating to the NEA Valuebuilder products. NEA and MBC are not affiliated with Security Benefit. Neither NEA nor MBC is a registered broker/dealer. All securities brokerage services are performed exclusively by your sales representative’s broker/dealer and not by NEA or MBC.

Services and securities are offered through Security Distributors, Inc. (SDI). SDI is a subsidiary of SBL, which is wholly owned by Security Benefit Corporation (“Security Benefit”).