Security Benefit Names Business Development Chief for Western U.S.

Bilsborough to Spearhead Growth of Security Benefit Financial Institutions Channel West of the Mississippi

Dec 10, 2012, 12:31 ET from Security Benefit Corporation

TOPEKA, Kan., Dec. 10, 2012 /PRNewswire/ -- Security Benefit Corporation, a leading provider of retirement savings and income vehicles for pre- and post-retirees, today announced that Joe Bilsborough has been appointed Field Vice President for the company's Financial Institutions distribution team with responsibility for all states west of the Mississippi River.

"The appointment of Joe Bilsborough, a 25-year veteran of financial services distribution and sales, is just the latest step in our ongoing commitment to provide financial institution-affiliated advisors with innovative products, industry-leading service and high-caliber field support," said Ken DiFrancesca, Vice President of Sales and Business Development at Security Benefit.  

"Joe brings an in-depth understanding of the retirement planning challenges facing advisors today and a strong skill set in strategic sales planning, building relationships with financial institutions and developing advisor-centric wholesaling teams. He will be a valuable asset to Security Benefit, financial institutions and individual advisors as we collectively seek to convert today's challenges into retirement solutions," said DiFrancesca.

Prior to joining Security Benefit, Seattle-based Bilsborough spent a combined 18 years at Genworth Financial and Riversource Distributors as a Regional and Divisional Vice President, responsible for building sales teams and advisor-based distribution of insurance, annuity and fund offerings.  Most recently, he served as Director of Institutional Distribution for NWTM, a global precious metals firm.  Bilsborough has a bachelor's degree in business administration from the University of San Diego and has earned the Accredited Asset Management Specialist (AAMS) designation from The College of Financial Planning.

Commenting on his decision to join Security Benefit, Bilsborough said, "Traditional approaches to retirement planning have their place, but to be successful, there is an increasing requirement to provide more effective ways of generating retirement income and savings. I believe Security Benefit is at the forefront of defining and offering innovations that will drive positive change for advisors and their clients through product design, effective use of technology and solutions-based wholesaling. I look forward to bringing that process to life."

Among Security Benefit's most recent innovations is the "Retirement Income Challenge" website. Specifically built for financial advisers, the site includes an "Income Calculator" and a sophisticated modeling tool designed to help optimize retirement income portfolios similar to the Modern Portfolio Theory approach.

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

About Security Benefit Corporation
Founded in 1892, Security Benefit Corporation (Security Benefit), a Guggenheim Partners Company, is a leading provider of savings and income solutions for America's pre- and post-retirees. Security Benefit targets multiple wealth segments and channels of distribution through an independent, merit-based distribution structure. By leveraging Guggenheim's superior general account management capabilities into highly competitive products, Security Benefit focuses on the retirement savings market providing a full range of services to independent distributors including broker/dealers, IMOs, and other financial service providers. Security Benefit is indirectly controlled by Guggenheim Partners, LLC. To learn more about Security Benefit, visit

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. Services are offered through and securities are distributed by Security Distributors, Inc., a wholly-owned subsidiary of SBL. SBL is a wholly-owned subsidiary of Security Benefit Corporation (Security Benefit).

For more information, please contact:

Dan Mahoney, Communications Strategy Group
(970) 405-8060

Michel' Cole, Security Benefit Corporation
(785) 438-3396

SOURCE Security Benefit Corporation