SOURCE: Sammons Retirement Solutions, Inc.

Sammons Retirement Solutions, Inc.

February 27, 2012 17:43 ET

Sammons Retirement Solutions, Inc.(SM) Bucks the Trend

WEST DES MOINES, IA--(Marketwire - Feb 27, 2012) - According to many financial experts, the time to enter into any market may just be when the rest of the world is getting out. That would appear to be the strategy Sammons Retirement Solutions, Inc.(SM) (SRSI(SM)) is following with their new LiveWell Retirement Product Series(SM) featuring the LiveWell Mutual Fund IRA(SM) and the LiveWell Variable Annuity(SM).

According to Sammons Retirement Solutions President Bill Lowe, "With so many carriers getting out of the variable annuity marketplace, people sometimes ask why we're getting in. But the answer is simple. Our product doesn't focus on a guaranteed living benefit -- one of the main things that has driven so many companies out of variable annuities. Instead, our LiveWell Variable Annuity solves the primary challenges that have kept many registered representatives away from variable annuities... cost, complexity and the unwillingness to tie up customer funds. Its focus is on quality investment options at a reasonable cost in a tax-deferred vehicle without surrender charges."

The LiveWell Variable Annuity has a 1% M&E fee, a 0.35% administration fee and a $40 annual maintenance fee.

In addition, Sammons Retirement Solutions is introducing an innovative mutual fund custodial account. The LiveWell Mutual Fund IRA gives clients a simple fee structure:

  • No front-end load fees
  • No fees for reallocating investment options
  • No fees for rebalancing funds
  • No fees for systematic withdrawals
  • No back-end load fees
  • No mutual fund product ticket charges
  • No fees for automatic required minimum distributions

The only fees/loads are a recordkeeping fee of 0.40% - 0.70% and fund expenses.

Eliminating many of the fees commonly associated with these types of products certainly helps lower the complexity of Sammons Retirement Solutions' LiveWell Retirement Product Series. Both the LiveWell Variable Annuity and LiveWell Mutual Fund IRA also make tailoring a portfolio easy by offering more than 80 investment options through 16 of the nation's most talented money managers. Clients have the opportunity to invest their funds through well-known companies like BlackRock, Fidelity Investments, Franklin Templeton, Janus and PIMCO, in addition to a number of boutique managers.

The LiveWell Retirement Product Series will focus on IRA rollovers and other retirement assets. Because these products may fit easily into the overall investment strategy of a wide range of clients, Sammons Retirement Solutions anticipates they could seamlessly complement the practices of most registered representatives. The new product line will be marketed by 20 Sammons Retirement Solutions wholesalers through retail broker dealers and their financial professionals. Sammons Retirement Solutions has teamed up with Morningstar® to release a new lineup of customized tools for investment research and analysis, through SRSI's platform, including Morningstar's Hypothetical Illustrator(SM) for Annuities, Screener, Portfolio Analysis, Portfolio Comparison, and the Morningstar® Investment Detail Report.

Visit or call 855-624-0201 for more information on Sammons Retirement Solutions and the LiveWell Retirement Product Series, available February 27, 2012, including a complete listing of money managers, funds available and applicable fees.

Sammons Financial Group (SFG) is an insurance holding company with over $45 billion in assets. SFG member companies offer a diverse portfolio of financial services, including life insurance, annuities and securities. Sammons Financial Group is comprised of:

  • Midland National Life Insurance Company
  • Sammons Annuity Group (a division of Midland National)
  • Sammons Securities Company®, LLC.
  • North American Company for Life and Health Insurance
  • Sammons Corporate Market Group (a division of Midland National)
  • Sammons Retirement Solutions

The parent company, Sammons Enterprises, Inc., is a multifaceted, diversified international holding corporation that owns and operates businesses across a diverse range of industries. Headquartered in Dallas, Texas, Sammons Enterprises, Inc. ranks as one of the largest privately held companies in the United States.*

*Ranked No. 121 on Forbes' 2011 List of America's Largest Private Companies. The list includes 212 closely held corporations that had at least $2 billion in annual revenues.

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

Investing in mutual funds and variable annuities involves risk, including potential loss of investment. You should consider the fund's investment objectives, risks, charges and expenses carefully before investing. The prospectus and/or summary prospectus contains this and other information. You may contact your financial professional or call 866-747-3421 to obtain a current fund or product prospectus. Please read it carefully.

UMB Bank, n.a. is the custodian for the LiveWell Mutual Fund IRA(SM) program. The LiveWell Mutual Fund IRA program is distributed by Sammons Financial Network, LLC.(SM), 4546 Corporate Drive, Suite 100, West Des Moines, IA 50266. Information about the LiveWell Mutual Fund IRA and the funds can be obtained by calling 866-747-3421.

Mutual Funds and Variable Annuities are not bank deposits, and are not insured by the FDIC, NCUA, or other regulatory agencies. They are not obligations of or guaranteed by the financial institution or other affiliated entities, and are not a condition of a loan. These products are subject to market risks and may lose value, including loss of principal.

The distributor for Midland National's LiveWell Variable Annuity(SM) is Sammons Financial Network, LLC.(SM), member FINRA. Sammons Financial Network, LLC. is a registered broker/dealer under the Securities Exchange Act of 1934. Sammons Financial Network, LLC. is an indirect wholly owned subsidiary of Sammons Enterprises, Inc., of Dallas, Texas, the ultimate parent company of Midland National and Sammons Retirement Solutions, Inc.(SM).

LiveWell Variable Annuity(SM) is issued on form AS135A and ICC11-AS135A or appropriate state variations by Midland National Life Insurance Company, West Des Moines, Iowa 50266.

Sammons Retirement Solutions, Inc.(SM) and Midland National do not give tax or legal advice. Please consult with and rely on your own advisors. Taxes are payable upon withdrawal of funds, and a 10% penalty may apply to withdrawals prior to age 59 1/2. The tax-deferred feature of the annuity is not necessary for a tax-qualified plan. Before purchasing this product, you should obtain competent tax advice as to the tax treatment of the annuity and the suitability of the purchase.

15903R | PRT 01-12

Contact Information

  • Media Contact
    Judy Thorpe
    Email Contact
    4350 Westown Parkway
    West Des Moines, IA 50266