Michael Dolaher joins Security Benefit as director of financial institutions

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

“Michael has the right combination of product experience and technology knowledge to help our customers meet the demands of an evolving industry. With an effective and modern retirement product line, Mike will be instrumental in the advancement of security benefits, already in a strong position as one of the industry’s leading providers of retirement solutions,” Maghini said. “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 valuable partner for our clients.”

Dolaher will be responsible for the approval and positioning of Security Benefit’s fixed index, fixed and variable annuity products, and will function 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 top-tier institutions, it’s critical to maintain these relationships and provide smart product solutions and financial technology platforms that fit their clients’ retirement needs. I’m excited to join the 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 broad range of insurance and investment products, Dolaher has held a variety of key roles in national accounts and strategic relationships throughout his career. Prior to joining Security Benefit, he served as Strategic Relationship Manager, Broker Dealer Sales, at SIMON Markets. Previously, he held leadership positions at Pacific Life Insurance Company, Genworth Financial and Sun Life Financial.

Dolaher earned a BA 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 benefit

Security Benefit Corporation (“Security Benefit”), through its subsidiary Security Benefit Life Insurance Company (SBL), a Kansas-based insurance company with 130 years in business, is a market leader in the retirement United States. Security Benefit together with its affiliates offers products in a full range of retirement markets and wealth segments for employers and individuals and had $46.9 billion1 in assets under management as of December 31, 2021. Security Benefit, a Eldridge, continues his mission to help Americans. Through retirement®. More information at www.securitybenefit.com and follow us LinkedIn, Facebook or Twitter.

Security Benefit Corporation and its subsidiaries are not fiduciaries. This information is of a general nature and is intended for the general public. For additional information, including any specific advice or recommendations, please visit your financial professional. Guarantees provided by annuities are subject to the financial strength of the issuing insurance company. Annuities are not insured by the FDIC or NCUA/NCUSIF; are not obligations or deposits of, and are not guaranteed or underwritten by, any bank, savings and loan or credit union, or its subsidiaries; and are not related to the provision or timing of any banking service or activity nor are they a condition of provision. Annuities are issued by SBL. SBL is not authorized or engaged in the business of insurance in New York State.

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


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


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