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Original Annuity Monitor Report
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Annuity Investment Option Monitor
Report As of March 31, 2008
NEA Member Benefits is pleased to provide you with the following NEA Valuebuilder Annuity Monitor Status Report. We provide this report to help you more easily review the performance of the underlying investment options available through the NEA Valuebuilder Annuity.
NEA Member Benefits established performance criteria to provide an objective means of evaluating the NEA Valuebuilder investment options.
One particular criterion is that if the performance of an underlying investment option, over a three-year period, falls below the mid-point ranking when compared to all of the other options in its asset category for three consecutive months, it is placed on monitor status. The investment option remains on monitor status until its three-year performance returns to the upper half of its asset category for three consecutive months.
For example, if a particular option with a strong performance record drops its three-year performance ranking to 51 or higher, out of a total of 100 options in an asset category for three monthly reporting periods, the option would be placed on “monitor status” and remain there until its three-year performance ranking reached 49 or better for at least three monthly reporting periods in a row.
Funds on Monitor Status
Data on the ranking of NEA Valuebuilder investment options within their asset categories is derived from Morningstar Principia Reporting Service, as of March 31, 2008. The NEA Valuebuilder Annuity underlying investment options on monitor status as of the date of this report are:
AIM Capital Appreciation -- Large Growth asset category.
American Century VP Balanced -- Moderate Allocation asset category.
American Century VP Income & Growth -- Large Value asset category.
Dreyfus VIF Developing Leaders -- Small Blend asset category.
Dreyfus VIF Quality Bond – Intermediate Term Bond asset category.
Dreyfus Socially Responsible Growth -- Large Growth asset category.
Dreyfus Stock Index -- Large Blend asset category.
SBL Managed Asset Allocation -- Moderate Allocation asset category.
SBL Mid Cap Growth -- Small Cap Growth asset category.
SBL Select 25 -- Large Growth asset category.
SBL Small Cap Growth -- Small Growth asset category.
The fact that an investment option is on monitor status is not necessarily an indication you should make adjustments to your account. Your investment time horizon, risk tolerance and overall investment objectives and goals should be taken into consideration, along with the long-term performance of an investment option.
For more complete information about the NEA Valuebuilder Annuity, including charges and expenses, you may obtain a prospectus from Security Distributors Inc., One Security Benefit Place, Topeka Kansas, 66636. Before investing, please understand that the NEA Valuebuilder Annuity is not insured by the Federal Government or any governmental agency and that investment within this product involves investment risk, including the possible loss of principal.
Some fund options include hypothetical performance from the fund's inception to the date the fund was added to the NEA Valuebuilder Annuity.
Past performance does not predict or guarantee how funds will perform in the future. The investment returns and principal value of variable annuities fluctuate with changing market conditions. An investment, when withdrawn, may be worth more or less than its original cost.
The NEA Valuebuilder Annuity is issued by Security Distributors, Inc. The general distributor for the NEA Valuebuilder Annuity is Security Distributors, Inc.
The Internal Revenue Code prohibits certain distributions attributable to salary reduction contributions before an individual reaches 59 1/2, separates from service, dies or becomes disabled, or experiences a financial hardship as defined by the code.
The underlying investment options described in this report are only available as investment options in variable annuity contracts issued by life insurance companies. They are NOT offered or made available to the general public directly.
You should carefully consider the investment objectives, risks, and charges and expenses of the mutual funds and variable annuities available under the NEA Valuebuilder Program before investing. You may obtain a prospectus that contains this and other information about the mutual funds and variable annuities by calling our National Service Center at 1-800-NEA-VALU (632-8258). You should read the prospectus carefully before investing. Investing in variable annuities and mutual funds involves risk and there is no guarantee of investment results.
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. |
