LiveWell Dynamic 2.0 Annuity with Waiver of Surrender Charge
The LiveWell Dynamic 2.0 Annuity is a fantastic choice for your golden years. Its flexibility lets you plan your retirement income in a way that best suits your needs. The waiver of surrender charge is a great bonus, granting you free access to your funds whenever you need.
Rest assured, this annuity prioritizes your financial security, making it an excellent choice for a worry-free retirement journey. The user-friendly nature of the product adds to the overall appeal. Indeed, with the LiveWell Dynamic 2.0 Annuity, your retirement is in safe hands.
LiveWell Dynamic 2.0 Annuity with Waiver of Surrender Charge
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Ratings:
- A.M. Best A+
- Fitch A+
- S&P A+
- Comdex 89
About Product
Type
Registered Index-Linked
Purpose
Accumulation
Surrender schedule
No Surrender Charge
Fee withdrawal:
100%
Flexible premium
Product Life
Market Value Adjustment
No
Return Of Premium
No
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
Launch Date
11/13/2023
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.
The Waiver of Surrender Charge rider is inbuilt into this product
The Waiver of Surrender Charge rider is inbuilt into this product
This rider provides a waiver of any surrender charges, including a full surrender of the contract, which gives you full access to your annuity to withdraw money when needed.
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.
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, DE, DC, FL, GA, HI, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MT, NV, NH, NJ, NM, NC, ND, OH, OK, PA, RI, SC, SD, TN, TX, UT, WA, WV, WI, and WY
Allocation Accounts
| Name | Type | Rates |
|---|---|---|
| 1-Year Russell 2000 PTP Cap with 10% Buffer |
Point to Point
Annual
|
19.5%
Cap
|
| 6-Year Nasdaq-100 Max 30 PTP Participation Rate with 20% Buffer |
Point to Point
6-Year
|
115%
Participation
|
| 6-Year Nasdaq-100 Max 30 PTP Cap with 30% Buffer Uncapped |
Point to Point
6-Year
|
|
| 6-Year MSCI EAFE PTP Participation Rate with 10% Buffer |
Point to Point
6-Year
|
110%
Participation
|
| 6-Year Nasdaq-100 Max 30 PTP Participation Rate with 10% Buffer |
Point to Point
6-Year
|
130%
Participation
|
| 1-Year Nasdaq-100 Max 30 PTP Cap with 30% Buffer |
Point to Point
Annual
|
12%
Cap
|
| 1-Year Nasdaq-100 Max 30 PTP Cap with 10% Buffer |
Point to Point
Annual
|
40%
Cap
|
| 6-Year S&P 500 PTP Participation Rate with 10% Buffer |
Point to Point
6-Year
|
110%
Participation
|
| 1-Year S&P 500 PTP Cap with 30% Buffer |
Point to Point
Annual
|
8.5%
Cap
|
| 1-Year S&P 500 PTP Cap with 10% Buffer |
Point to Point
Annual
|
14%
Cap
|
| 1-Year MSCI EAFE PTP Cap with 10% Buffer |
Point to Point
Annual
|
20%
Cap
|
| 6-Year S&P 500 PTP Cap with 30% Buffer |
Point to Point
6-Year
|
65%
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 -10% Floor |
Point to Point
6-Year
|
60%
Cap
|
| 3-Year S&P 500 PTP Cap with 10% Buffer |
Point to Point
Triennial
|
65%
Cap
|
| 3-Year S&P 500 PTP Cap with -10% Floor |
Point to Point
Triennial
|
30%
Cap
|
| 1-Year S&P 500 PTP Cap with -10% Floor |
Point to Point
Annual
|
12.75%
Cap
|
Riders
| Name | Inbuilt | Fee |
|---|---|---|
| Waiver of Surrender Charge rider | Yes | 0.30% annually |
Waivers
No Waivers for LiveWell Dynamic 2.0 Annuity with Waiver of Surrender Charge annuity.
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
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