LiveWell Guarantee Max
Highlights
Premium Type
|
Single Premium
|
---|---|
Max age Qualified
|
90
|
Minimum Contribution
|
$20,000
|
Maximum Contribution
|
$1,000,000
|
Market value adjustment
|
|
Return of premium
|
|
Free withdrawal
|
-100% |
Launch date
|
10/26/2021 |
Types of funds
|
Non-Qualified, IRA, IRA Rollover, IRA Transfer, SEP IRA, IRA-Roth, and TSP |
Brochure
|
Open brochure |
Issue age
- 0-90;
- Maximum maturity age: 115
Beginning in the 2nd contract year, equal to the interest credited for the previous contract year.
By current company practice, you may take a penalty-free withdrawal in the first contract year equal to interest earned in the first year. You may elect to receive interest withdrawal payments on a monthly, quarterly, semi-annual or annual basis, called a systematic withdrawal, these scheduled payments are penalty-free but must be at least $50 each.
Market value adjustment (MVA)
May decrease or increase surrender value depending on the change in the MVA index value of the MVA external index since annuity purchase. With an MVA, surrender values generally decrease when the MVA external index rises and generally increase when the MVA external index decreases over time. The MVA is applied during the initial guarantee period and each subsequent guarantee period to surrenders exceeding the applicable penalty-free amount. See the annuity disclosure statement for more details. The MVA and surrender values may differ by state; please confirm with your financial professional.
Death benefit
No surrender charges or MVA are applied at death. Death benefit is available as a lump sum or a series of payments and is the greater of the accumulation value or the minimum surrender value as of the date of death. See contract for details.
Note: if eligible you may roll over TSP to us to be administered as a qualified tax status that we offer.
Find out if the LiveWell Guarantee Max is the right product for you.
MYGA Interest Rates
Term |
Rate
Annual percentage yield (APY)
earned over the investment term |
---|---|
3 years | 4.75% |
5 years | 4.95% |
7 years | 4.85% |
Riders
No Riders for LiveWell Guarantee Max annuity.
Waivers
Death
No surrender charges or MVA are applied at death.
Nursing Home
Unavailable in states: SD
After the first contract anniversary, if the covered person is confined to a qualified nursing care facility for at least 90 consecutive days, you may withdraw up to 100% of your accumulation value without a surrender charge or MVA. If you withdraw 100% of your accumulation value, your Contract will terminate. The Annuitant cannot be confined at the time of issue. This waiver is automatically included with your annuity at no additional charge. The nursing home waiver does not include home health care.
Surrender Window
At the end of your guarantee period, you may notify the company to transfer or surrender the contract with no surrender charges or MVA (taxes and tax penalties may apply). If no election is made within the 30-day window, the company will automatically renew your annuity to an available subsequent guarantee period, as described in your contract. A new guarantee period interest rate and a new market value adjustment (MVA) will apply.
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