LiveWell Preferred 5
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Highlights
The LiveWell Preferred 5 is a flexible premium deferred fixed index annuity. An annuity is a long-term Contract issued by an insurance company. In exchange for a premium payment, the insurance company agrees to make payments to you later on. This annuity provides an accumulation value that may earn interest through a fixed account and various index accounts (if selected). While the fixed account earns a fixed rate of interest each year, index accounts earn interest credits based on how an underlying index performs. Interest credits are guaranteed to never be less than zero. This annuity also provides several options for accessing funds.
Available in states:
AL, AK, AZ, AR, CA, CO, CT, DE, DC, FL, GA, HI, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, WV, WI, and WY
|
Type
|
Fixed Index
|
|---|---|
|
Term
|
5 Years |
|
Surrender schedule
|
8%8%8%7%6% |
|
Free withdrawal
|
1st year: 0% 2nd+ year: 10% |
|
Market value adjustment
|
|
|
Return of premium
|
|
|
Minimum contribution
|
$10,000 |
|
Types of funds
|
Non-Qualified, IRA, IRA Rollover, IRA Transfer, SEP IRA, IRA-Roth, Inherited IRA, NQ Stretch, and TSP |
Brochure
|
Open brochure |
Allocation Accounts
| Name | Type | Rates |
|---|---|---|
| 1-Year Fixed Account |
Fixed
|
2.2%
Fixed
|
| 1-Year Fixed Account (TX Only) |
Fixed
|
2.2%
Fixed
|
| 1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
8.75%
Cap
|
| 1-Year S&P 500 LV DRC 5% PTP Spread |
Point to Point
Annual
|
3.65%
Spread
|
| 1-Year S&P 500 LV DRC 5% PTP Participation Rate |
Point to Point
Annual
|
45%
Participation
|
| 2-Year S&P 500 LV DRC 5% PTP Participation Rate |
Point to Point
Biennial
|
65%
Participation
|
| 1-Year Fidelity Multi factor Yield 5% ER PTP Participation Rate |
Point to Point
Annual
|
135%
Participation
|
| 2-Year Fidelity Multi factor Yield 5% ER PTP Participation Rate |
Point to Point
Biennial
|
210%
Participation
|
| 1-Year Fixed Account |
Fixed
|
2.3%
Fixed
|
| 1-Year Fixed Account (TX Only) |
Fixed
|
2.3%
Fixed
|
| 1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
9%
Cap
|
| 1-Year S&P 500 LV DRC 5% PTP Spread |
Point to Point
Annual
|
3.45%
Spread
|
| 1-Year S&P 500 LV DRC 5% PTP Participation Rate |
Point to Point
Annual
|
55%
Participation
|
| 2-Year S&P 500 LV DRC 5% PTP Participation Rate |
Point to Point
Biennial
|
75%
Participation
|
| 1-Year Fidelity Multi factor Yield 5% ER PTP Participation Rate |
Point to Point
Annual
|
145%
Participation
|
| 2-Year Fidelity Multi factor Yield 5% ER PTP Participation Rate |
Point to Point
Biennial
|
220%
Participation
|
| 1-Year Fixed Account |
Fixed
|
2.5%
Fixed
|
| 1-Year Fixed Account (TX Only) |
Fixed
|
2.5%
Fixed
|
| 1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
9.25%
Cap
|
| 1-Year S&P 500 LV DRC 5% PTP Spread |
Point to Point
Annual
|
3.25%
Spread
|
| 1-Year S&P 500 LV DRC 5% PTP Participation Rate |
Point to Point
Annual
|
60%
Participation
|
| 2-Year S&P 500 LV DRC 5% PTP Participation Rate |
Point to Point
Biennial
|
80%
Participation
|
| 1-Year Fidelity Multi factor Yield 5% ER PTP Participation Rate |
Point to Point
Annual
|
150%
Participation
|
| 2-Year Fidelity Multi factor Yield 5% ER PTP Participation Rate |
Point to Point
Biennial
|
225%
Participation
|
Surrender schedule
| Year | 1 | 2 | 3 | 4 | 5 |
|---|---|---|---|---|---|
| Penalty | 8% | 8% | 8% | 7% | 6% |
Riders
| Name | Inbuilt | Fee |
|---|---|---|
| LiveWell Legacy Protector | No | 0.35% annually |