Web Content Display Web Content Display

Type of Annuity Single Premium Multi-Year Guaranteed Annuity
Issue Age 0-90
Type of Money Non-Qualified, Traditional IRAs, Roth IRAs, SEP-IRAs, and Inherited IRAs
Minimum Premium Amount $25,000
Interest Rate Guarantee Periods Choice of 3, 4, 5, 6, 7, 8, 9, or 10 year Guarantee Periods
Interest Rate Bands Please click here for current rates.

Interest is credited and compounded daily. Your client's interest rate is dependent upon the single premium payment amount and is locked in for the duration of the initial Guarantee Period selected.

Band #1: $25,000-$99,999.99
Band #2: $100,000-$249,999.99
Band #3: $250,000+
Penalty-Free Partial Surrender Amount
  • 5% of the Accumulation Value* may be withdrawn ($100 minimum) without surrender charge or Market Value Adjustment (MVA) after the first Contract Year.
  • Penalty-Free Partial Surrender Amount is NOT cumulative. In addition, it is not tied to Required Minimum Distribution Amounts, which may be more or less than the Penalty-Free Partial Surrender Amount. Any withdrawals above the Penalty-Free Partial Surrender Amount are subject to a surrender charge and MVA.
Surrender Charge Schedule
The Surrender Charge is assessed on any amount withdrawn, either as a partial or full surrender, that exceeds the Penalty-Free Partial Surrender Amount applicable and may result in a loss of premium. Surrender charge structure may vary by state.
Guarantee
Period
Selected
(Years)
Surrender Charges for Guarantee Period
1 2 3 4 5 6 7 8 9 10
3 9% 8% 7%              
4 9% 8% 7% 6%            
5 9% 8% 7% 6% 5%          
6 9% 8% 7% 6% 5% 4%        
7 9% 8% 7% 6% 5% 4% 3%      
8 9% 8% 7% 6% 5% 4% 3% 2%    
9 9% 8% 7% 6% 5% 4% 3% 2% 1%  
10 9% 8% 7% 6% 5% 4% 3% 2% 1% 0.50%

Surrender Charge Schedule is based on the length of the current Guarantee Period and how long your clients have been in the current Guarantee Period.

Surrender Value
The Surrender Value is the amount that is available at the time of surrender. The Surrender Value is equal to the Accumulation Value, subject to the MVA, less applicable surrender charges and state Premium Taxes, if applicable. A surrender during the Surrender Charge Period could result in loss of premium. The Surrender Value will never be less than the minimum requirements set forth by the state laws at the time of issue in the state where the Contract is delivered.
Market Value Adjustment (MVA) May decrease or increase Surrender Value depending on the change in the MVA Index Value of the MVA External Index since annuity purchase. With an MVA, Surrender Values generally decrease when the MVA External Index rises and generally increase when the MVA External Index decreases over time. The MVA is applied during the initial Guarantee Period and each subsequent Guarantee Period to surrenders exceeding the applicable penalty-free amount. Click here and choose your state to view the "Understanding the Market Value Adjustment" brochure.
Death Benefit No surrender charges nor MVA are applied at death. See Contract for details.

 

* Accumulation value as of the prior Contract Anniversary.

Premium Taxes: Accumulation Value will be reduced for Premium Taxes as required by the state of residence.

Note: The LiveWell® Guarantee Annuity is not available in all states and may vary by state.

Web Content Display Web Content Display

Web Content Display Web Content Display

Please click here to view important product-specific disclosures for the LiveWell® Guarantee Annuity.

NOT FDIC/NCUA INSURED, NO BANK/CU GUARANTEE, NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY.

FOR INSTITUTIONAL USE ONLY. NOT INTENDED FOR CONSUMER SOLICITATION PURPOSES.