Americo Benchmark Flex Plus
Americo Benchmark Flex Plus
About Product
Strategy options include:
- Fixed Rate Strategy
- Participation Rate Strategy (annual point-to-point and 2-year point to-point)
- Performance Trigger Strategy (annual point-to-point and 5-year guaranteed rates)
- Cap Ladder Strategy (5-year guaranteed rates and 10-year guaranteed rates),
- Cap Rate Strategy (annual point-to-point)
- Blended Performance Strategy (5-year guaranteed rates).
Advisors, Registered Investment Advisors (RIAs), and insurance professionals seeking access to this product should contact their Annexus-affiliated Independent Distribution Company. If you are a consumer interested in learning more about the Americo Benchmark Flex FIA suite, ask your insurance professional for more information and visit
www.AmericoBenchmarkFlex.com.
Allocation Accounts
| Name | Type | Rates |
|---|---|---|
| 5-Year Term S&P 500 PTP Cap (10-Year Guaranteed) |
Performance Ladder
5-Year
|
28.75%
Cap
|
| 4-Year Term S&P 500 PTP Cap (10-Year Guaranteed) |
Performance Ladder
4-Year
|
23%
Cap
|
| 3-Year Term S&P 500 PTP Cap (10-Year Guaranteed) |
Performance Ladder
Triennial
|
17.25%
Cap
|
| 2-Year Term S&P 500 PTP Cap (10-Year Guaranteed) |
Performance Ladder
Biennial
|
11.5%
Cap
|
| 1-Year Term S&P 500 PTP Cap (10-Year Guaranteed) |
Performance Ladder
Annual
|
5.75%
Cap
|
| 5-Year Term S&P 500 PTP Cap (5-Year Guaranteed) |
Performance Ladder
5-Year
|
27.5%
Cap
|
| 4-Year Term S&P 500 PTP Cap (5-Year Guaranteed) |
Performance Ladder
4-Year
|
22%
Cap
|
| 3-Year Term S&P 500 PTP Cap (5-Year Guaranteed) |
Performance Ladder
Triennial
|
16.5%
Cap
|
| 1-Year Term S&P 500 PTP Cap (5-Year Guaranteed) |
Performance Ladder
Annual
|
5.5%
Cap
|
| 2-Year Term S&P 500 PTP Cap (5-Year Guaranteed) |
Performance Ladder
Biennial
|
11%
Cap
|
| 1-Year Fixed Account |
Fixed
|
2.95%
Fixed
|
| 1-Year S&P 500 Distance Stabilizer PTP Participation Rate |
Point to Point
Annual
|
50%
Participation
|
| 2-Year S&P 500 Distance Stabilizer PTP Participation Rate |
Point to Point
Biennial
|
70%
Participation
|
| 1-Year S&P PRISM PTP Participation Rate |
Point to Point
Annual
|
120%
Participation
|
| 2-Year S&P PRISM PTP Participation Rate |
Point to Point
Biennial
|
165%
Participation
|
| 1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
5.25%
Cap
|
| 5-Year S&P 500 Performance Trigger |
Performance Triggered
5-Year
|
4%
Performance triggered
|
| 1-Year S&P 500 Performance Trigger |
Performance Triggered
Annual
|
4.75%
Performance triggered
|
Surrender schedule
| Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
|---|---|---|---|---|---|---|---|---|---|---|
| Penalty | 13% | 12% | 11% | 10% | 9% | 8% | 7% | 6% | 5% | 4% |
Riders
No Riders for Americo Benchmark Flex Plus annuity.
Waivers
Confinement
Unavailable in states: MA
If you become confined to a nursing home or hospital for at least 90 consecutive days after the contract date, you may withdraw all or part of your Accumulation Value without incurring surrender charges.
RMD
The minimum amount that must be withdrawn from a tax-qualified plan each year, beginning at age 75. Required minimum distribution amounts associated with the contract that are greater than the penalty-free amount may be withdrawn without surrender charges. This is available by current company practice beginning in the first contract year.
Premium Notes
- Single premium, $10,000, qualified and non-qualified
- A 10% Premium Bonus is applied on the contract issue date.
- Max Premium is $2 million
- Max Premium is $1 million if the owner is a non-natural person
Withdrawal Provisions
Free withdrawals Beginning in the first year, the contract allows for withdrawals of up to 10% of the Accumulation Value without surrender charges.2 A minimum $2,000 Surrender Value must be maintained. Market Value Adjustment When a withdrawal is made, the amount received may be increased or decreased by a Market Value Adjustment (MVA), depending on the change in interest rates since annuity purchase. If interest rates on which the MVA is based go up after the annuity is purchased, the MVA will likely decrease the amount received. If interest rates go down, the MVA will likely increase the amount received. After the MVA is applied, the surrender value will never be less than the Guaranteed Minimum Value or greater than the Accumulation Value. A Market Value Adjustment is applied only during the surrender charge period to full surrenders and any partial surrenders in excess of the Penalty-free Partial Surrender Allowance.
- A.M. Best A
- Moody's A3
- Comdex 74
