We would love to hear from you. Click on the ‘Contact Us’ link to the right and choose your favorite way to reach-out!

wscdsdc

media/speaking contact

Jamie Johnson

business contact

Victoria Peterson

Contact Us

855.ask.wink

Close [x]
pattern

Industry News

Categories

  • Industry Articles (21,155)
  • Industry Conferences (2)
  • Industry Job Openings (35)
  • Moore on the Market (414)
  • Negative Media (144)
  • Positive Media (73)
  • Sheryl's Articles (800)
  • Wink's Articles (353)
  • Wink's Inside Story (274)
  • Wink's Press Releases (123)
  • Blog Archives

  • March 2024
  • February 2024
  • January 2024
  • December 2023
  • November 2023
  • October 2023
  • September 2023
  • August 2023
  • July 2023
  • June 2023
  • May 2023
  • April 2023
  • March 2023
  • February 2023
  • January 2023
  • December 2022
  • November 2022
  • October 2022
  • September 2022
  • August 2022
  • July 2022
  • June 2022
  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • April 2021
  • March 2021
  • February 2021
  • January 2021
  • December 2020
  • November 2020
  • October 2020
  • September 2020
  • August 2020
  • July 2020
  • June 2020
  • May 2020
  • April 2020
  • March 2020
  • February 2020
  • January 2020
  • December 2019
  • November 2019
  • October 2019
  • September 2019
  • August 2019
  • July 2019
  • June 2019
  • May 2019
  • April 2019
  • March 2019
  • February 2019
  • January 2019
  • December 2018
  • November 2018
  • October 2018
  • September 2018
  • August 2018
  • July 2018
  • June 2018
  • May 2018
  • April 2018
  • March 2018
  • February 2018
  • January 2018
  • December 2017
  • November 2017
  • October 2017
  • September 2017
  • August 2017
  • July 2017
  • June 2017
  • May 2017
  • April 2017
  • March 2017
  • February 2017
  • January 2017
  • December 2016
  • November 2016
  • October 2016
  • September 2016
  • August 2016
  • July 2016
  • June 2016
  • May 2016
  • April 2016
  • March 2016
  • February 2016
  • January 2016
  • December 2015
  • November 2015
  • October 2015
  • September 2015
  • August 2015
  • July 2015
  • June 2015
  • May 2015
  • April 2015
  • March 2015
  • February 2015
  • January 2015
  • December 2014
  • November 2014
  • October 2014
  • September 2014
  • August 2014
  • July 2014
  • June 2014
  • May 2014
  • April 2014
  • March 2014
  • February 2014
  • January 2014
  • December 2013
  • November 2013
  • October 2013
  • September 2013
  • August 2013
  • July 2013
  • June 2013
  • May 2013
  • April 2013
  • March 2013
  • February 2013
  • January 2013
  • December 2012
  • November 2012
  • October 2012
  • September 2012
  • August 2012
  • July 2012
  • June 2012
  • May 2012
  • April 2012
  • March 2012
  • February 2012
  • January 2012
  • December 2011
  • November 2011
  • October 2011
  • September 2011
  • August 2011
  • July 2011
  • June 2011
  • May 2011
  • April 2011
  • March 2011
  • February 2011
  • January 2011
  • December 2010
  • November 2010
  • October 2010
  • September 2010
  • August 2010
  • July 2010
  • June 2010
  • May 2010
  • April 2010
  • March 2010
  • February 2010
  • January 2010
  • December 2009
  • November 2009
  • October 2009
  • August 2009
  • June 2009
  • May 2009
  • April 2009
  • March 2009
  • November 2008
  • September 2008
  • May 2008
  • February 2008
  • August 2006
  • Sammons Retirement Solutions® Launches LiveWell® Freedom Variable Annuity

    July 18, 2018 by Sammons Retirement Solutions

    WEST DES MOINES, Iowa, July 18, 2018 (GLOBE NEWSWIRE) — Sammons Retirement Solutions®, which creates simple, innovative and straightforward solutions to help individual investors live well in retirement has launched the LiveWell® Freedom Variable Annuity (VA) which features a first-of-its-kind Guaranteed Lifetime Withdrawal Benefit (GLWB) feature. The innovative VA is the first that provides investors with greater freedom in retirement on their “Freedom Date,” a specific date determined at issue.

    On the Freedom Date, the contract will start/continue lifetime payments from the GLWB while investors have complete access to their full accumulation value. In addition, the lifetime payments do not come from the accumulation value, and there are no additional charges for the GLWB rider1. This is believed to be the first GLWB where lifetime payments are made by the contract even if the investor has not run the accumulation value to zero.

    “The LiveWell® Freedom VA provides financial professionals with an offering that helps clients with a new tool for their retirement strategies – income now and freedom later,” said William Lowe, president of Sammons Institutional GroupSM, Inc. (SIG). “The VA industry has been experiencing challenging sales, and there has been very little product innovation. We are excited to introduce the new LiveWell Freedom Variable Annuity with a first-of-its-kind feature that provides financial professionals with a new, much-needed way to help their clients with the increasing complexity of retirement planning in a way that provides income, accumulation potential and more financial freedom later in retirement.”

    The LiveWell® Freedom Variable Annuity helps financial professionals provide their clients with:

    • Accumulation potential: A stream-lined portfolio of bond and equity investment options from some of the nation’s most respected money managers. An equity allocation between 60% and 80% is intended to help take advantage of long-term growth potential.

    • Upside potential for lifetime income: Automatically includes a GLWB with a 2% roll up and 75% share in any index gains experienced with the S&P 500® Index. When the stock market goes down, the GLWB value will still experience 2% growth every year. When the stock market performs well, 75% of the gains associated with the corresponding index +2% are added to the GLWB value2. The gains in the GLWB value will continue until the value has doubled, the client makes a withdrawal or the Freedom Date has been reached.

    • Flexible access: The Freedom Date feature helps provide income in the first stage of retirement and more financial freedom later in retirement. A Freedom Date is assigned upon contract issue. For investors under age 60 at issue, the Freedom Date is the 25th contract anniversary. For those age 60 or older at issue, the Freedom Date is the 20th contract anniversary. When the Freedom Date is reached, full access to the accumulation value is available with no impact to the lifetime payment amounts (LPAs). The accumulation value will no longer be deducted for LPAs (LPAs are made by the contract), and there are no more GLWB charges.

    The LiveWell Freedom VA is distributed by Sammons Retirement Solutions and issued by Midland National® Life Insurance Company. LiveWell Freedom VA guarantees are based on the financial strength of Midland National, rated A+ (Superior) Rating from A.M. Best, A+ (Strong) Rating from S&P Global Ratings and A+ (Stable) from Fitch Ratings.

    The above ratings apply to Midland National’s financial strength and claims-paying ability. These ratings do not apply to the safety or performance of the variable accounts, which will fluctuate in value.

    About Sammons Retirement Solutions 
    Sammons Retirement Solutions (SRS) is a wholesale division of Sammons Institutional Group (SIG) that distributes and administers simple, innovative and straightforward mutual fund IRAs and annuities that can help individual investors live well in retirement.

    Headquartered in West Des Moines, Iowa, SRS works with a nationwide network of broker/dealers and banks to provide retirement solutions that meet the needs of financial professionals and their clients.

    We constantly review the market to ensure our solutions meet the ever-changing challenges faced by financial professionals and investors when planning for retirement. Our solutions give financial professionals and their clients clear-cut choices for retirement planning.

    We apply original thinking to retirement planning while maintaining traditional values such as trust, transparency, respect and integrity.

    1Annual GLWB Charge – 1.45% (divided by 4) of the GLWB value assessed on a contract quarterly basis.
    2Annual roll-up is applied until the earliest of the first withdrawal, the maximum GLWB value is reached, or at the Freedom Date. The GLWB roll-up is not applied to the accumulation value, only to the GLWB value. The GLWB value is not available for withdrawal, surrender, or as a death benefit.             

    Variable Annuities are designed for long-term investing, such as retirement investing and are subject to market risk including loss of principal.

                            Investing in variable annuities involves risk, including potential loss of investment. You and your client should consider the investment objectives, risks, charges, and expenses of the variable annuity and its underlying investment options carefully before investing. The prospectus and/or summary prospectus contain this and other information. You or your client can call 866-747-3421 to obtain a current prospectus for the variable annuity and its underlying investment options. Please read it carefully.
                             
                            LiveWell® Freedom Variable Annuity is issued on form AS153A/ICC18-AS153A (contract) and AR354A/ICC18-AR354A, AR355A/ICC18-AR355A, AR346A.2/ICC18-AR346A.2 (riders and endorsements) or appropriate state variations by Midland National® Life Insurance Company, West Des Moines, Iowa 50266. The LiveWell® Freedom Variable Annuity is not available in New York. Variable products are distributed by Sammons Financial Network® LLC, member FINRA. Midland National® Life Insurance Company, Sammons Financial Network® LLC, member FINRA, Sammons Institutional GroupSM, Inc., and Sammons Retirement Solutions® (a division of Sammons Institutional Group) are affiliated companies.

    Company Contact:                  
    Amy Doll                                
    Sammons Retirement Solutions          
           
    515-221-4832           
    
    Media Contact:
    Claudine Cornelis
    Crimson Communicates  
               
    917-822-7064

    Originally Posted at Globe Newswire on July 18, 2018 by Sammons Retirement Solutions.

    Categories: Industry Articles
    currency