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  • Sammons Retirement Solutions® Launches the Nasdaq-100 Max 30™ Index on the LiveWell Dynamic Annuity RILA

    June 6, 2024 by Sammons Financial Group

    WEST DES MOINES, Iowa–(BUSINESS WIRE)–Sammons Retirement Solutions, a division of Sammons Institutional Group®, Inc., and member company of Sammons Financial Group, is partnering with Nasdaq® to launch the Nasdaq-100 Max 30 Index on the LiveWell Dynamic Annuity®, a registered index-linked variable annuity (RILA). This new index is available exclusively on the LiveWell Dynamic Annuity, which is the only RILA on the market to offer a 30% volatility index.

    The LiveWell Dynamic Annuity provides clients greater investment freedom than other RILAs on the market. Coupled with this new index, clients have more choices to diversify their retirement dollars.

    “We’re pleased to build upon the success of the LiveWell Dynamic Annuity by adding this new index to the lineup,” said Greg Bonzagni, Vice President and Head of Distribution at Sammons Institutional Group. “This exclusive index will help give clients another tool to help take charge of their financial futures.”

    With the addition of this new index option, clients can more effectively diversify within the RILA, providing greater growth opportunities through competitive cap and participation rates.

    The Nasdaq-100 Max 30 Index (NDXMAX30) provides exposure to the technology industry through the Nasdaq-100 Index® (via e-mini Nasdaq-100® futures contracts), which is a prominent domestic equities benchmark. A 30% volatility target allows for leverage that may magnify gains (or losses). The index can frequently exceed 100% exposure to the Nasdaq-100 Index®, meaning it can amplify the returns of the underlying asset.

    The Nasdaq-100 Max 30 Index uses Salt Financial’s truVol+, which is a risk measure based on intraday data featuring a same-day update. This allows quick reaction to sudden changes in the market, which helps maintain the volatility target and offers a solution for investors seeking stability in volatile markets.

    “Nasdaq Global Indexes has been at the forefront of innovation by collaborating with clients to create demand-driven products that offer more flexibility for retirement savings through the Nasdaq-100 Index®,” said Sean Wasserman, Vice President and Global Head of Advisory Services at Nasdaq. “We are excited to deepen our relationship with Sammons Financial Group and key insurance provider partners, including Salt Financial and BNP Paribas, to provide the investment community with a volatility-targeted index in the RILA space.”

    Ryan Cullen, Head of EQD Insurance Solutions Sales at BNP Paribas, added, “BNP Paribas is excited to collaborate with Sammons Financial Group, Nasdaq, and Salt Financial to bring the Nasdaq-100 Max 30 Index to the RILA market. The design was informed by the bank’s experience in creating & distributing retail structured products, featuring a modified version of the truVol Risk Control Engine that has been optimized precisely for buffered derivative structures, a first of its kind for RILA investors.”

    Helping clients balance growth and protection

    With the LiveWell Dynamic Annuity, clients can participate in upside growth potential, partially protect assets against market downturns, and pivot when investment needs change. The LiveWell Dynamic Annuity offers clients the following benefits:

    • The LiveWell Dynamic Annuity is a flexible premium registered index-linked annuity (also known as buffered, structured, hybrid, or registered annuity).
    • Tax-deferred growth potential is provided through Cycle index account investment options (Cycles) and variable separate account investment options (subaccounts).
    • Partial protection is provided during market downturns through floors and buffers on 1-, 3-, and 6-year Cycle terms.
    • Cycles now offer 4 different index options with varying levels of protection available.
    • Additional optional riders: Return of Premium Death Benefit and Waiver of Surrender Charge rider (availability varies by state and firm).

    Cycle innovation

    The LiveWell Dynamic Annuity is innovative through the index options available and based on how the performance of the Cycles is calculated and posted to accounts. Clients can track their performance through Cycle daily unit values that are calculated and posted online every day.

    This gives clients more control and clarity on their RILA investment performance. With the LiveWell Dynamic’s Anytime Allocation feature, clients can leave Cycles early or reallocate their money within the annuity however they’d like whenever they’d like. Anytime Allocation allows clients to capture gains prior to Cycle maturity, reset protection levels, and diversify among Cycle options and subaccounts.

    “The LiveWell Dynamic Annuity takes product innovation to the next level with its transparent performance, investment flexibility, and exclusive access to the Nasdaq-100 Max 30 Index,” Bonzagni said.

    About Sammons® Financial Group, Inc.

    The companies of Sammons Financial Group® help families and businesses by empowering futures and changing lives. Sammons Financial Group is employee-owned with member companies that are among the most enduring and stable in the financial services industry. Our companies include Midland National® Life Insurance Company (including Sammons® Corporate Markets); North American Company for Life and Health Insurance®; Sammons Institutional Group® (including Midland Retirement Distributors® and Sammons Retirement Solutions®) and Beacon Capital Management, Inc. Sammons Financial Group is Midwest-based, with offices in Iowa, Illinois, North Dakota, Ohio, and South Dakota.

    An investment in the LiveWell Dynamic Annuity® is subject to the risk of poor investment performance and can vary depending on the performance of the investment options chosen. Each investment option has its own unique risks. You and your client should review the investment options before making an investment decision. The prospectus and/or summary prospectus contain this and other information. You and your client can visit srslivewell.com/prospectus, or call 866-747-3421 to obtain a current prospectus for the LiveWell Dynamic Annuity and its underlying investment options.

    The risk of loss occurs each time your client moves into a new Cycle Indexed Account after the end of an indexed term. The protection level option selected in the indexed account helps protect your client from some downside risk. If the negative return is in excess of the protection level selected, there is a risk of loss of principal. Protection levels that vary based on the index and term selected are subject to change and may not be available with every option. Please see the prospectus for details.

    The LiveWell Dynamic Annuity® (AS207A [contract] and AR406A, AR407A, AR394A.2-CAP and AR394A.2-PR [riders, waivers and endorsements]) is issued by Midland National® Life Insurance Company, West Des Moines, Iowa 50266. The LiveWell® suite of variable annuities is not available in New York. Variable products are distributed by Sammons Financial Network®, LLC., member FINRA. Sammons Institutional Group®, Inc. provides administrative services. Sammons Financial Network®, LLC., Midland National® Life Insurance Company and Sammons Institutional Group®, Inc. are affiliated companies and wholly owned subsidiaries of Sammons® Financial Group, Inc. Sammons Retirement Solutions® is a division of Sammons Institutional Group®, Inc.

    Product and feature availability may vary by state and financial institution.

    Investing in the LiveWell Dynamic Annuity® is subject to the risks related to the Company. Any obligations, guarantees, or benefits are subject to the claims-paying ability of Midland National® Life Insurance Company, their long-term ability to make such payments, and are not guaranteed by any other party. There is no guarantee they will be able to meet our claims paying obligations; there are risks to purchasing any insurance product.

    There is no additional tax-deferral benefit for an annuity contract purchased in an IRA or other tax-qualified plan.

    Indexed-linked variable annuity products are complex insurance and investment vehicles. Please reference the prospectus for information about the levels of protection available and other important product information.

    Sammons Institutional Group®, Inc., Sammons Financial Network®, LLC., and Midland National® Life Insurance Company do not give tax, legal, or investment advice. Please consult with and rely on your own tax, legal, or investment professional(s). Taxes are payable upon withdrawal of funds, and a 10% IRS penalty may apply to withdrawals prior to age 59½.

    Nasdaq-100 Max 30 Index, Nasdaq-100®, NDMAX30, and Nasdaq® are trademarks of Nasdaq, Inc. (which with its affiliates is referred to as the “Corporations”) and are licensed for use by Midland National® Life Insurance Company. truVol® is a trademark of Salt Financial LLC. The legality and suitability of the Product(s) have not been passed on by the Corporations or Salt Financial LLC. The Product(s) are not issued, endorsed, sold, or promoted by the Corporations or Salt Financial LLC. Neither the Corporations nor Salt Financial LLC make any warranties and bear no liability with respect to the product(s).

    Nasdaq®, Nasdaq-100®, NDX®, Nasdaq-100 Max 30 Index and NDXMAX30 are registered trademarks of Nasdaq, Inc. (which with its affiliates is referred to as the “Corporations”) and are licensed for use by Sammons® Financial Group, Inc. The Product(s) have not been passed on by the Corporations as to their legality or suitability. The Product(s) are not issued, endorsed, sold, or promoted by the Corporations. The Corporations make no warranties and bear no liability with respect to the product(s).

    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.

    Contacts

    Hillary Carlson
    hcarlson@sfgmembers.com
    Office: (515) 221-7426

    Originally Posted at Business Wire on June 4, 2024 by Sammons Financial Group.

    Categories: Industry Articles
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