Michael Dolaher Joins Security Benefit as Financial Institutions Director

Industry veteran brings nearly three decades of insurance, investment, and financial technology product expertise to the firm’s National Accounts Team

TOPEKA, Kan.--(BUSINESS WIRE)--Security Benefit, a leading provider of retirement planning products and solutions, today announced that Michael Dolaher has joined as Director, Financial Institutions. Dolaher will oversee relationships with banks and financial institutions and aid in new business development. He will report directly to Mike Maghini, VP, Head of National Accounts.

“Michael has the right combination of product expertise and technology know-how to help our clients meet the demands of an evolving industry. With an effective, modern retirement product line-up, Mike will be integral in advancing Security Benefits already strong position as one of the industry’s premier retirement solutions providers said,” Maghini. “He has an excellent track record of working with and for some of the biggest names in our industry and their elite advisors. His achievements to date show that he will be a reliable and valued partner for our clients.”

Dolaher will be responsible for approval and positioning of Security Benefit’s fixed, fixed index and variable annuity products, and will function as the primary contact and relationship manager for large, national, and regional financial institutions.

“Security Benefit has built a strong brand image in the retirement industry, and the distribution team has seen unprecedented growth over the past decade,” said Dolaher. “Working with so many premier institutions, it is critical to maintain those relationships, and offer up smart product solutions and financial technology platforms that fit their clients’ retirement needs. I am excited to join Mike’s team and leverage my experience in partnering with these firms to navigate this challenging economy and help their clients achieve a secure retirement.”

With responsibilities covering multiple channels, and a broad range of insurance and investment products, Dolaher has held a variety of key national accounts and strategic relationship roles during his career. Prior to joining Security Benefit, he served as Strategic Relationship Manager, Broker Dealer Sales, at SIMON Markets. He previously held leadership positions with the Pacific Life Insurance Company, Genworth Financial and Sun Life Financial.

Dolaher earned a bachelor’s degree from the University of New Hampshire (1994) and an MBA from Suffolk University (2004). He holds FINRA Series 7, 6, 63, and 26 licenses, as well as a Life, Accident, and Health license.

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. Annuities are issued by SBL. SBL is not authorized in and does not conduct the business of insurance in the state of New York.

Variable annuities are distributed by Security Distributors, a subsidiary of SBL.

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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.