Fixed index annuity review and rates

LibertyMark 7

The LibertyMark 7  is a single premium fixed indexed annuity with 8 interest crediting strategies and a 7 surrender schedule. This FIA offers full accumulation value at death and liquidity for nursing home and/or hospitalization confinement (may not be available in all states). There is a product fee applied to the account value each year. Please see the contract for details.

Annual administrative fee
deducted from the Accumulation Value (AV) at the end of each contract year, including the first. True Up—credits back any Liberty Optimizer Fee amounts paid that are greater than interest earnings. Applies at end of Year 5 
Available in states: AK, AZ, AR, CA, CO, CT, DE, DC, FL, GA, HI, ID, IL, IA, KS, KY, LA, ME, MD, MA, MI, MN, MT, NE, NV, NH, NJ, NM, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VA, WA, WV, WI, and WY

Allocation Accounts

Name Type Rates
5-Year SG Columbia Adaptive Risk Allocation FUSION Participation Rate with Fixed rate on Gain
FUSION
5-Year
258% Participation
2% Performance triggered
1-Year Fixed Account
Fixed
3.95% Fixed
1-Year Gold PTP Participation Rate
Point to Point
Annual
45% Participation
1-Year SG Columbia Adaptive Risk Allocation PTP Participation Rate
Point to Point
Annual
163% Participation
2-Year SG Columbia Adaptive Risk Allocation PTP Participation Rate
Point to Point
Biennial
225% Participation
1-Year Morgan Stanley TEBI PTP Participation Rate
Point to Point
Annual
130% Participation
1-Year S&P 500 PTP Cap
Point to Point
Annual
8.4% Cap
2-Year Morgan Stanley TEBI PTP Participation Rate
Point to Point
Biennial
178% Participation
2-Year S&P 500 PTP Participation Rate
Point to Point
Biennial
66% Participation

Surrender schedule

Year 1 2 3 4 5 6 7
Penalty 9% 9% 8% 7% 6% 5% 4%

Riders

Name Inbuilt Fee
Heritage Maximizer No 0.30% annually
Optimizer Fee Yes 1.00% annually
Americo Legacy Marketing Group
Founded: 1946
A.M. Best: A
S&P: A
Moody's: A3
Carrier details
Free withdrawal
1st year: 0%
2nd+ year: 10%
Surrender schedule
7 years
Return of premium
Market value adjustment
Minimum contribution
$10,000
Types of funds
Non-Qualified, IRA, IRA Rollover, TSA 403b, SEP IRA, IRA-Roth, and Inherited IRA