TOPEKA, Kan., Feb. 4, 2013 /PRNewswire/ -- Security Benefit Corporation, a Guggenheim Partners company and leading provider of retirement savings and income vehicles, today announced a major expansion of the investment lineup for the low-cost, fee-only EliteDesigns ® Variable Annuity. The addition of 71 new investment subaccounts managed by 23 leading U.S. investment managers brings the total number of variable account options in EliteDesigns to 269. "Advisors nationwide have asked for more investment options to help manage market volatility and tax efficiency," said Michael K. Reidy, Vice President and National Sales Manager of the RIA and Independent Broker-Dealer Advisory Channel at Security Benefit. "With the addition of fixed income, asset allocation, global/international and alternative portfolios from fund managers like Dimensional Fund Advisors and JPMorgan, and new underlying funds from existing partners like Guggenheim Investments, we are providing the flexibility advisors want." Other market-leading managers of the newest EliteDesigns portfolios include Fidelity Investments, Ibbotson Investments, Pioneer Investments, Putnam Investments, Innealta Capital and Western Asset Management. In all, EliteDesigns now gives advisors and their clients a choice of 38 nationally known asset managers investing across 36 Morningstar categories. "We're very pleased to be able to offer these brand-new portfolios from investment firms that advisors respect," said Reidy. "For example, Dimensional, with over $250 billion* in assets under management, has for three years running, been ranked by Cogent Research as the fund family to which financial advisors were the most committed."** Reidy added that the expansion is timely in light of impending increases to personal income tax rates and "today's investment environment." As investors, particularly those in the top tax brackets, look for cost-effective means to mitigate tax hikes, Reidy believes that EliteDesigns may make it easier for financial advisors to offer a ready-made yet customizable solution which may also help investors reach long term investment goals. EliteDesigns combines tax deferral with a fee structure well below that of the average variable annuity and imposes no surrender charges, redemption fees or trading limits (trading rules apply to certain subaccounts).