LiveWell Dynamic 2.0 Annuity
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Highlights
The Live Well Dynamic Annuity Contract is a flexible premium deferred registered index and variable annuity that is designed to aid in long-term financial planning for retirement or other savings needs. It is available for purchase as a Non-Qualified Contract, as well as through Individual Retirement Accounts (“IRAs”), including Traditional IRAs and Roth IRAs.
For information about this product, please visit http://SRSLiveWell.com
Please note: a separate version of this product is available in MO, NE, UT, and VT states.
For information about this product, please visit http://SRSLiveWell.com
Please note: a separate version of this product is available in MO, NE, UT, and VT states.
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, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, WV, WI, and WY
|
Type
|
Registered Index-Linked |
|---|---|
| Purpose | Accumulation & Legacy |
|
Term
|
6 Years |
|
Surrender schedule
|
8%7%6%5%4%3% |
|
Free withdrawal
|
1st year: 0% 2nd+ year: 10% |
| Flexible premium | Product Life |
|
Market value adjustment
|
|
|
Return of premium
|
|
|
Launch date
|
11/13/2023 |
|
Minimum contribution
|
$25,000 |
|
Maximum contribution
|
$2,000,000 |
|
Max Age Qualified
|
85 |
|
Types of funds
|
Non-Qualified, IRA, IRA Rollover, IRA Transfer, IRA-Roth, and 1035 Exchange |
Brochure
|
Open brochure |
Find out if the LiveWell Dynamic 2.0 Annuity is the right product for you.
Premium Notes
Any person wishing to purchase a Contract must submit an application form and an initial premium payment of at least $25,000. The sale must take place through a representative who is licensed, registered and authorized to sell the Contract. The maximum Issue Age for the Contract is 85 years.
Minimum investment
$25,000; maximum investment is $2,000,000
Minimum additional premiums
$1,000 or $100 for premiums made through monthly electronic funds transfer (EFT)
Minimum investment
$25,000; maximum investment is $2,000,000
Minimum additional premiums
$1,000 or $100 for premiums made through monthly electronic funds transfer (EFT)
Withdrawal Provisions
Death benefit
Equal to the accumulation value at the time of proof of owner’s death is received.
Return of Premium Death Benefit rider (0.20% annual charge)
Available for issue ages 0-75. Greater of the accumulation value or return of premium (premiums paid, adjusted for withdrawals). Death benefit value is determined when proof of death is received, payment type is elected, and any other applicable forms are in good order.
Free withdrawal amount
Starting in year two, the free withdrawal amount is 10% of remaining premiums less than six years old at the beginning of the contract year, or RMD, if greater. Any remaining premiums six years old or older is also considered a free withdrawal and no penalties would apply.
Waiver of Surrender Charge rider (0.30% annual charge)
Creates a fully liquid contract. Withdrawals can be taken with no surrender charges
Equal to the accumulation value at the time of proof of owner’s death is received.
Return of Premium Death Benefit rider (0.20% annual charge)
Available for issue ages 0-75. Greater of the accumulation value or return of premium (premiums paid, adjusted for withdrawals). Death benefit value is determined when proof of death is received, payment type is elected, and any other applicable forms are in good order.
Free withdrawal amount
Starting in year two, the free withdrawal amount is 10% of remaining premiums less than six years old at the beginning of the contract year, or RMD, if greater. Any remaining premiums six years old or older is also considered a free withdrawal and no penalties would apply.
Waiver of Surrender Charge rider (0.30% annual charge)
Creates a fully liquid contract. Withdrawals can be taken with no surrender charges
Allocation Accounts
| Name | Type | Rates |
|---|---|---|
| 1-Year S&P 500 PTP Cap with 10% Buffer |
Point to Point
Annual
|
14%
Cap
|
| 1-Year S&P 500 PTP Cap with -10% Floor |
Point to Point
Annual
|
12.75%
Cap
|
| 3-Year S&P 500 PTP Cap with -10% Floor |
Point to Point
Triennial
|
30%
Cap
|
| 3-Year S&P 500 PTP Cap with 10% Buffer |
Point to Point
Triennial
|
65%
Cap
|
| 6-Year S&P 500 PTP Cap with -10% Floor |
Point to Point
6-Year
|
60%
Cap
|
| 6-Year S&P 500 PTP Cap with 20% Buffer |
Point to Point
6-Year
|
275%
Cap
|
| 6-Year S&P 500 PTP Cap with 30% Buffer |
Point to Point
6-Year
|
65%
Cap
|
| 1-Year MSCI EAFE PTP Cap with 10% Buffer |
Point to Point
Annual
|
20%
Cap
|
| 1-Year Russell 2000 PTP Cap with 10% Buffer |
Point to Point
Annual
|
19.5%
Cap
|
| 1-Year S&P 500 PTP Cap with 30% Buffer |
Point to Point
Annual
|
9%
Cap
|
| 6-Year S&P 500 PTP Participation Rate with 10% Buffer |
Point to Point
6-Year
|
100%
Participation
|
| 1-Year Nasdaq-100 Max 30 PTP Cap with 10% Buffer |
Point to Point
Annual
|
40%
Cap
|
| 1-Year Nasdaq-100 Max 30 PTP Cap with 30% Buffer |
Point to Point
Annual
|
12.5%
Cap
|
| 6-Year Nasdaq-100 Max 30 PTP Participation Rate with 10% Buffer |
Point to Point
6-Year
|
130%
Participation
|
| 6-Year MSCI EAFE PTP Participation Rate with 10% Buffer |
Point to Point
6-Year
|
110%
Participation
|
| 6-Year Nasdaq-100 Max 30 PTP Cap with 30% Buffer Uncapped |
Point to Point
6-Year
|
|
| 6-Year Nasdaq-100 Max 30 PTP Participation Rate with 20% Buffer |
Point to Point
6-Year
|
115%
Participation
|
Surrender schedule
| Year | 1 | 2 | 3 | 4 | 5 | 6 |
|---|---|---|---|---|---|---|
| Penalty | 8% | 7% | 6% | 5% | 4% | 3% |
Riders
| Name | Inbuilt | Fee |
|---|---|---|
| Return of Premium Death Benefit rider | No | 0.20% annually |
| Waiver of Surrender Charge rider | Yes | 0.30% annually |
Waivers
No Waivers for LiveWell Dynamic 2.0 Annuity annuity.
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