Financial institutions

Michael Dolaher joins Security Benefit as Director of Financial Institutions

TOPEKA, Kan.–(BUSINESS WIRE)–Security Benefit, a leading provider of retirement planning products and solutions, today announced the arrival of Michael Dolaher as Director, Financial Institutions. Dolaher will oversee relationships with banks and financial institutions and help develop new businesses. He will report directly to Mike Maghini, Vice President, National Accounts Manager.

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

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

“Security Benefit has built a strong brand image in the retirement industry, and the distribution team has experienced unprecedented growth over the past decade,” Dolaher said. “Working with so many leading institutions, it is essential to maintain these relationships and offer smart product solutions and fintech platforms that meet the retirement needs of their clients. I’m excited to join Mike’s team and leverage my experience partnering with these companies to navigate this challenging economy and help their clients achieve a secure retirement.

With responsibilities spanning multiple channels and a wide range of insurance and investment products, Dolaher has held various key national accounts and strategic relationship roles over the course of his career. Prior to joining Security Benefit, he held the position of Director of Strategic Relations, Broker Sales, at SIMON Markets. Previously, he held executive positions with 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 the Security Advantage

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. market for retirement. Security Benefit, together with its affiliates, offers products in a full range of retirement markets and wealth segments for employers and individuals and holds $46.9 billion1 assets under management as of December 31, 2021. Security Benefit, an Eldridge business, continues its mission to help Americans Towards and during retirement®. Learn more at and follow us on LinkedIn, Facebook or Twitter.

Security Benefit Corporation and its affiliates are not trustees. Jits information is general in nature and intended for use by the general public. For more information, including specific advice or recommendations, please consult your finance 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, credit union or credit union, or its affiliates; and are not related to and do not constitute a condition of the provision or duration of any banking service or activity. Annuities are issued by SBL. SBL is not licensed and does not conduct insurance business in New York State.

Variable annuities are distributed by Security distributorssubsidiary of SBL.


1 excludes $4.9 billion of retained assets (including $3.2 billion of business in-force as of January 1, 2021 and $1.7 billion of business underwritten in 2021) and $0.3 billion of assets held pursuant to overcollateralization requirements in connection with the reinsurance transaction with SkyRidgeRe Limited.