LiveWell Dynamic 2.0 Annuity
The LiveWell Dynamic 2.0 Annuity is a wonderful financial tool designed to make retirement stress-free. Whether you're still planning for the golden years or already enjoying them, it guarantees a steady income for life.
Its low-risk factor is the cherry on top, ensuring your retirement nest egg is safe and sound. Considering its flexibility and security, the LiveWell Dynamic 2.0 Annuity stands as an excellent retirement solution.
LiveWell Dynamic 2.0 Annuity
About Product
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.
Allocation Accounts
| Name | Type | Rates |
|---|---|---|
| 1-Year S&P 500 PTP Cap with 10% Buffer |
Point to Point
Annual
|
13%
Cap
|
| 1-Year S&P 500 PTP Cap with -10% Floor |
Point to Point
Annual
|
11%
Cap
|
| 3-Year S&P 500 PTP Cap with -10% Floor |
Point to Point
Triennial
|
25%
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
|
55%
Cap
|
| 6-Year S&P 500 PTP Cap with 20% Buffer |
Point to Point
6-Year
|
150%
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
|
8.25%
Cap
|
| 6-Year S&P 500 PTP Participation Rate with 10% Buffer |
Point to Point
6-Year
|
105%
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
|
11%
Cap
|
| 6-Year Nasdaq-100 Max 30 PTP Participation Rate with 10% Buffer |
Point to Point
6-Year
|
120%
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 |
Point to Point
6-Year
|
|
| 6-Year Nasdaq-100 Max 30 PTP Participation Rate with 20% Buffer |
Point to Point
6-Year
|
105%
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.
Premium Notes
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 benefitEqual 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 amountStarting 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
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