What exactly is Savvly's Longevity Benefit?
Savvly's Longevity Benefit (Savvly Fund #3) is a closed end fund registered with the SEC. It pools contributions into a low-cost S&P 500 index fund, and when investors exit early, their uncollected growth stays in the fund and may be reallocated to remaining investors. Potential cash payouts at ages 80, 85, 90, and 95.
Is Savvly's Longevity Benefit an annuity or insurance product?
No. Savvly's Longevity Benefit is NOT an annuity and NOT an insurance product. It is an SEC-registered investment fund, a capital markets structure.
Who is Savvly's Longevity Benefit for?
Savvly's Longevity Benefit is available through employers as an employee benefit, or directly through financial advisors and brokers. If you're an employer looking to add Savvly LB, contact us and we can get you live in under a week.
What is the Exit Rule?
You're never locked in. The Exit Rule means you can withdraw from Savvly's Longevity Benefit at any time. The early withdrawal value is calculated as 75% of your contribution plus an additional 1% for each year held, capped at 100%. This percentage is applied to the lesser of your original investment (excluding any sales load) or its current market value, and is calculated for each remaining scheduled payout. For a full breakdown of assumptions and legal disclosures, please review the fund prospectus.
Where are my assets held?
All assets are held in custody at U.S. Bank, one of the most trusted custodians in the United States. The fund invests in S&P 500 ETFs managed by Vanguard and Fidelity.
Are payouts guaranteed?
No. Payouts are potential, not guaranteed. They are driven by market returns and fund reallocation dynamics. Savvly is an investment product - returns and payouts may vary. Investment involves risk, including possible loss of principal.
