Sammons Retirement Solutions to wholesale new registered index-linked annuity - Insurance News | InsuranceNewsNet

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July 7, 2022 Annuity News
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Sammons Retirement Solutions to wholesale new registered index-linked annuity

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Almost half of all Americans¹ have questions and concerns about outliving their money. It is a common fear, further exacerbated by growing inflation and factors that seem outside of their control.

The new LiveWell Dynamic AnnuitySM, issued by Midland National® Life Insurance Company – a member company of Sammons Financial Group – and made available through Sammons Retirement Solutions®, a division of Sammons Institutional Group®, Inc., can help ease many of these typical client concerns.

"Growing your retirement savings while protecting your money can be difficult to do, considering that growing your money more aggressively results in taking on some level of risk," said Bill Lowe, President of Sammons Institutional Group. "The LiveWell Dynamic Annuity allows clients to seek and find more upside growth potential than a standard fixed index annuity, while limiting the amount of money that may be lost during market downturns."

The LiveWell Dynamic Annuity allows contract holders to choose the level of protection that's right for them. It is designed to help reduce the impact of costly market downswings, while allowing them to capture some of the growth on the upswing through the variable separate accounts and Cycle index account investment options. These options provide a level of protection to help limit losses in a volatile market, and offer flexibility to pivot mid-cycle.2

"Finding a balance of risk and reward can be challenging. If you risk everything, you have no protection. If you protect everything, your growth opportunities are limited," added Lowe. "The LiveWell Dynamic Annuity is designed to meet a client's long-term goals and if their objectives change or the financial market evolves, they can work with their financial professional to reallocate and adjust their investment and risk exposure along the way."

About Sammons Retirement Solutions

Sammons Retirement Solutions®, a division of Sammons Institutional Group®, Inc. (SIG), administers simple, innovative, and straightforward mutual fund Individual Retirement Accounts (IRA) and annuities to help individual investors live well in retirement. Headquartered in West Des Moines, Iowa, SIG works with a nationwide network of broker/dealers and banks to provide retirement solutions that meet the needs of financial professionals and their clients.

The team at SIG constantly reviews the market to ensure solutions meet the ever-changing challenges faced by financial professionals and investors when planning for retirement. SIG gives financial professionals, and their clients, clear-cut choices for retirement planning by applying original thinking while maintaining traditional values such as trust, transparency, respect and integrity.

About Sammons® Financial Group, Inc.

The companies of Sammons Financial Group® help families and businesses protect their future to enjoy life's moments today. A subsidiary of Sammons Enterprises, Inc., Sammons Financial Group is privately owned with member companies that are among the most enduring and stable in the financial services industry. Our companies include Midland National® Life Insurance Company North American Company for Life and Health Insurance®; Sammons Institutional Group® (including Midland Retirement Distributors® and  Sammons Retirement Solutions®),  Sammons Financial Network®, LLC. and Beacon Capital Management, Inc. Together, we offer today's most sought-after life insurance, annuity, and retirement planning products.

 

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