News Column

Sammons Retirement Solutions® Inc. Announces Enhancements to the LiveWell® Retirement Series

August 23, 2014



By a News Reporter-Staff News Editor at Investment Weekly News -- Sammons Retirement SolutionsŪ Inc., which provides simple, innovative and straightforward solutions announced changes and enhancements to the LiveWellŪ Variable Annuity, issued by Midland NationalŪ Life Insurance Company, that increases fund options and adds a new innovative endorsement that offers investors a way to reduce long-term annuity costs.

"With recent tax changes, we have seen a renewed interest in tax deferred investing as a crucial way to accumulate assets for maximum retirement preparedness. Advisers are always looking for ways to help clients gain greater control over their tax planning strategies," said William Lowe, President of Sammons Retirement Solutions.

The newly enhanced LiveWell Variable Annuity offers the potential for long-term tax-deferred* asset growth, legacy protection and now, a choice in fee structure. The LiveWellŪ Value Endorsement lowers fees by offering clients the option to reduce their separate account annual expenses by 0.20% (to 1.15%) in exchange for a surrender schedule. The LiveWell Variable Annuity with Value Endorsement allows advisers to create an individual strategy for each client based on their time horizon, risk tolerance and tax deferral goals. Additionally, the LiveWell Variable Annuity offers a return of premium death benefit*.

"We are always listening to our advisers and have worked to add ever-popular industry heavyweights American Funds and Oppenheimer Funds to our platform," said Greg Bonzagni, National Sales Manager of Sammons Retirement Solutions. "We continue to strive to deliver a vast array of compelling options that cover the full investment spectrum and give advisers the necessary choices to build individual investment strategies for their clients."

The addition of American Funds, Alps, Oppenheimer Funds and Transparent Value allows the LiveWell Variable Annuity to offer more than 135 investment options from 28 money managers.

A minimum investment of $10,000 is required to open a LiveWell Variable Annuity. The product is available for Non-Qualified Assets, Traditional IRAs, Roth IRAs, Inherited IRAs and SEP-IRAs as well as rollovers or transfers from qualified plans. The offering has no surrender charge, has separate account annual expenses of 1.35% and comes with a return of premium death benefit.* Clients can choose to reduce fees further by adding the Optional LiveWell Value Endorsement in exchange for a surrender schedule bringing separate account annual expenses to 1.15% plus investment option expenses.

*Click here for complete annuity product details. About Sammons Retirement SolutionsŪ Inc. (SRS) A member of SammonsŪ Financial Group, Sammons Retirement SolutionsŪ Inc. provides simple, innovative and straightforward solutions that can help individual investors live well in retirement. These solutions include mutual fund IRA accounts and annuities, available for sale through independent broker-dealers and financial professionals.

Sammons Financial Group along with its member companies are committed to charitable giving. In the last 18 months employees have contributed more than 7,900 volunteer hours and financial donations of more than $4.6 million have been presented to various charities.

Keywords for this news article include: Finance and Investment, Sammons Retirement Solutions Inc.

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Source: Investment Weekly News


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