Sammons Retirement Solutions® Inc. Launches the LiveWell® Guarantee Annuity
June 2, 2015 by Business Wire
WEST DES MOINES, Iowa–(BUSINESS WIRE)– Sammons Retirement Solutions, which administers simple, innovative, and straightforward solutions to help individual investors live well in retirement, has launched the LiveWell Guarantee Annuity (MYGA), issued by Midland National® Life Insurance Company. This new addition to the LiveWell® Retirement Series provides independent financial and insurance professionals with a new tax-deferred option to help clients seeking a guaranteed rate of return.
Currently, approximately $6 trillion of Americans’ money is sitting in interest-bearing accounts earning less than 1%, because they “simply don’t know where else to put the money that’s safe.”* It’s never been more challenging than in today’s interest rate environment. That’s why Sammons Retirement Solutions is launching the LiveWell Guarantee Annuity.
“The LiveWell Guarantee Annuity is the latest addition to our suite of solutions to help financial professionals and their clients address the retirement challenge of seeking guaranteed return,” said William Lowe, President of Sammons Retirement Solutions. “With the LiveWell Guarantee Annuity, there’s no guessing. No uncertainty. Just lock in the fixed rate of return on your premium – it’s GUARANTEED.”
For more information about the LiveWell® Guarantee Annuity Series click here: Livewell brochure. 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.
Other Annuities in the LiveWell® series issued by Midland National® Life Insurance include the LiveWell® Fixed Index Annuity and the LiveWell® Variable Annuity. The LiveWell® Annuity products are available in more than 232 broker/dealers.
* Survey from Go Banking Rates.
This is a brief summary of product features. Please contact the company for more information and complete product details and limitations.
The LiveWell® Guarantee Annuity is issued on form AS144A/ICC 15-AS 144A (contract) and AR303A/ICC15-AR303A (rider/endorsement) 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 or appropriate for all clients.
The LiveWell® Fixed Index Annuity is issued on form AS142A/ICC14-AS142A (contract), AR269A/ICC14-AR269A (Optional LiveWell® Income for Life GLWB Rider), AR270A/ICC14-AR270A (Optional LiveWell® Legacy Protector GMDB Rider), AR271A/ICC14-AR271A, AR272A/ICC14-AR272A, and AR304A (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.
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 all clients.
Variable Annuities are designed for long-term investing, such as retirement investing and are subject to market risk including loss of principal.
LiveWell® Variable Annuity is issued on form AS135A and ICC11-AS135A, and the Optional Value Endorsement is issued on form AR276A/ICC14-AR276A or appropriate state variations by Midland National® Life Insurance Company, West Des Moines, Iowa 50266. Variable products are distributed by Sammons Financial Network® LLC, member FINRA. The LiveWell® Value Endorsement is not available in all states. The LiveWell® Variable Annuity is not available in New York.
Insurance products are issued by Midland National® Life Insurance Company (West Des Moines, IA). Sammons Retirement Solutions® Inc. provides administrative services. Sammons Financial Network® LLC, Midland National® Life Insurance Company, and Sammons Retirement Solutions are affiliated companies and indirect wholly owned subsidiaries of Sammons Enterprises, Inc. of Dallas, Texas.
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 Retirement Solutions® Inc., and Sammons Financial Network® LLC, member FINRA.
NOT FDIC/NCUA INSURED, MAY LOSE VALUE INCLUDING LOSS OF PRINCIPAL, NO BANK/CU GUARANTEE, NOT A DEPOSIT, NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY.
Sammons Retirement Solutions:
Judy Thorpe, 515-327-5816
jthorpe@sfgmembers.com
or
Media:
Crimson Communicates
Claudine Cornelis, 845-424-6342
Claudine@crimsoncommunicates.com
Source: Sammons Retirement Solutions
