WEST DES MOINES, Iowa--(BUSINESS WIRE)--Sammons Retirement Solutions® Inc. which administers simple, innovative and straightforward solutions to help individual investors live well in retirement, has launched the LiveWell® Fixed Index Annuity (FIA), issued by Midland National® Life Insurance Company. This new addition to the LiveWell® Retirement Series, provides independent financial professionals with a new option to help clients strengthen their retirement income prospects.
Saving enough money for retirement and ensuring retirement income are among the top concerns today for financial professionals and individual investors. Fixed Index Annuities are a long-term, tax-deferred retirement planning solution that can provide safety of premium and guarantee a stream of income in retirement if a payout option is elected. The LiveWell FIA offers the LiveWell® Income for Life rider that can guarantee income for life while allowing consumers to maintain control of their money. This feature offers the option to stop and start once income is elected, as well as the flexibility to decide frequency for scheduled payments.
“The LiveWell Fixed Index Annuity is the latest addition to our suite of offerings and solutions to help financial professionals address the retirement concerns and challenges of their clients, particularly the ever increasing need for retirement income,” said William Lowe, President of Sammons Retirement Solutions. “The LiveWell® Income for Life rider offers an 8% simple rollup until it doubles and lifetime payments of 5% at age 65 for a cost of 0.85% annually. We believe the product and the LiveWell Income for Life rider are highly competitive. This latest addition to the LiveWell Retirement Series carries the same hallmarks that our variable annuity and mutual fund IRA are known for – potential for tax-deferred asset growth in a straightforward structure – along with the ability to customize the solution for an individual’s income needs.”
For more information about the LiveWell Fixed Index Annuity please click here. Product may vary by state.
Sammons Retirement Solutions is a member of Sammons®Financial Group, Inc., who along with Midland National® and its other member companies, enjoys a 100-year heritage, built on a foundation of integrity and trust and together are committed to charitable giving. Please click here for details.
This is a brief summary of product features. Please contact the company for more information and complete product details and limitations.
Fixed Index Annuities are not a direct investment in the stock market. They are long term insurance products with guarantees backed by the issuing company. They provide the potential for interest to be credited based in part on the performance of the specific indices, without the risk of loss of premium due to market downturns or fluctuation. They may not be appropriate for everyone.
Refer to the contract for complete details. The LiveWell® Fixed Index Annuity is issued on form AC/AS142A/ICC14-AS142A (certificate/contract), AR269A/ICC14-AR269A (Optional LiveWell® Income for Life GLWB Rider), AR270A/ICC14-AR270A (Optional LiveWell® Legacy Protector GMDB Rider), AR271A/ICC14-AR271A and AR272A/ICC14-AR272A (riders/endorsements) or appropriate state variations by Midland National® Life Insurance Company, West Des Moines, IA. This product, its features and riders may not be available in all states.
Sammons® Financial Group, Inc. is comprised of Midland National® Life Insurance Company, Sammons Annuity Group (a division of Midland National®), Sammons® Corporate Markets Group (a division of Midland National), North American Company for Life and Health Insurance®, Sammons Securities Company®, LLC, Sammons Retirement Solutions® Inc. and Sammons Financial NetworkSM LLC, member FINRA.