SRSTabContent SRSTabContent

Web Content Display Web Content Display

Type of Annuity

Single Premium Multi-Year Guaranteed Annuity

Issue Age

0-90

Type of Money

Non-Qualified (i.e. money from a savings account, checking account, or any other source); Traditional IRA; Roth IRA; SEP-IRA; Inherited IRA

Minimum Premium Amount

$25,000

Interest Rate Guarantee Periods

Your choice of 3, 4, 5, 6, 7, 8, 9, or 10 year Guarantee Periods

Interest Rate Bands

Ask your financial representative to provide you with the current interest rate at the time of your application. Interest is credited and compounded daily.

Your interest rate is dependent upon your single premium payment amount and is locked in for the duration of the initial Guarantee Period you 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  • 5% of the Accumulation Value1,2 may be withdrawn ($100 minimum) without surrender charge or Market Value Adjustment (MVA) after the first Contract Year.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The surrender charge is assessed on any amount withdrawn, either as a partial or full surrender, that exceeds the Penalty-Free Partial Surrender Amount applicable and may result in a loss of premium.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 you've 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)

The Market Value Adjustment is applied during the initial Guarantee Period and each subsequent Guarantee Period to full surrenders and to any partial surrender in excess of the applicable Penalty-Free Partial Surrender Amount. This adjustment may decrease or increase your surrender value depending on the change in the MVA Index Value of the MVA External Index since the beginning of the current Guarantee Period. See the Understanding the Market Value Adjustment brochure (may vary by state).

Death Benefit

No surrender charges nor MVA are applied at death. See Contract for details.

 

1 Accumulation Value as of the prior Contract Anniversary.

2 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.

TO FIND OUT MORE, CONTACT YOUR FINANCIAL PROFESSIONAL TODAY!

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, MAY LOSE VALUE, NO BANK/CU GUARANTEE, NOT A DEPOSIT, NOT INSURED BY ANY FEDERAL AGENCY