Ratings:

A.M. Best A
Moody's A3
Comdex 70

James Alden

Experienced Financial Advisor

25 years

experience

3,712

career consultations

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ClassicMark 10 (Legacy Marketing Group)

Originally established in 1946, Americo Financial Life and Annuity Insurance Company offers life insurance, annuities, and other insurance products. Being in the financial services sector, their insurance solutions include senior life insurance, mortgage protection, Medicare supplemental insurance, and a broad range of annuity products. These offerings are distributed through a network of independent insurance agents, enabling Americo to personalize their guidance and tailor coverage to customers. With a common goal to ensure policyholders’ financial security, the company has seen a constant growth of assets while upholding high standards of customer service and corporate responsibility.

ClassicMark 10 (Legacy Marketing Group)

Your Email

Ratings:

A.M. Best A
Moody's A3
Comdex 70

About Product

Type

Fixed Index

Purpose

Accumulation & Legacy

Term

10 Years

Surrender schedule

13%12%11%10.5%10%9%8%7%6%5%

Fee withdrawal:

10%

Market Value Adjustment

Return Of Premium

Minimum Contribution

$10,000

Maximum Contribution

$2,000,000

Max Age Qualified

Types Of Funds

Non-Qualified, 401k, IRA, IRA Rollover, IRA Transfer, TSA 403b, SEP IRA, IRA-Roth, 1035 Exchange, and Inherited IRA

The ClassicMark 10 is a single premium fixed indexed annuity with 8 interest crediting strategies and a 10 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.

Please note this product is developed and marketed exclusively with Legacy Marketing Group.
For more information about submitting New Business applications, please contact the Legacy Marketing Group sales desk directly at 800-395-1053, Ext 4002

Available in states: AZ, AR, CO, DC, GA, HI, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, NE, NM, NC, ND, RI, SD, TN, VT, 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	120% Participation 6% Performance triggered
1-Year Fixed Account (Most States)	Fixed	4.3% Fixed
1-Year Fixed Account (SD Only)	Fixed	4.3% Fixed
1-Year SG Columbia Adaptive Risk Allocation PTP Participation Rate	Point to Point Annual	177% Participation
1-Year S&P 500 PTP Cap	Point to Point Annual	8.75% Cap
2-Year S&P 500 PTP Participation Rate	Point to Point Biennial	76% Participation
1-Year Gold PTP Participation Rate	Point to Point Annual	55% Participation
2-Year SG Columbia Adaptive Risk Allocation PTP Participation Rate	Point to Point Biennial	242% Participation
1-Year S&P 500 IQ PTP Cap	Point to Point Annual	15.9% Cap
1-Year S&P 500 IQ PTP Participation Rate	Point to Point Annual	78% Participation
1-Year SG Laser PTP Participation Rate	Point to Point Annual	175% Participation
2-Year SG Laser PTP Participation Rate	Point to Point Biennial	241% Participation

Surrender schedule

Year	1	2	3	4	5	6	7	8	9	10
Penalty	13%	12%	11%	11%	10%	9%	8%	7%	6%	5%

Riders

Name	Inbuilt	Fee
Heritage Maximizer	No	0.30% annually

Waivers

Hospital

Unavailable in states: MA

Under ClassicMark’s Waiver of Surrender Charges Upon Nursing Home or Hospital Confinement Endorsement (Endorsement Series 4139), you may withdraw up to 100% of your Accumulation Value without incurring surrender charges if you become confined to a nursing home or hospital. To be eligible, confinement must begin after the contract date and last for at least 90 consecutive days. Your withdrawal request and proof of confinement must be provided no later than 30 days after discharge.

Nursing Home

Unavailable in states: MA

Premium Notes

Premium

$10 000 minimum, Qualified and NQ.
$2 million maximum per owner without Home Office approval or commission reduction ($1 million on bonus products for issue ages 75+).

Note: Americo allows for Inherited IRAs Spousal only.

Withdrawal Provisions

Free Withdrawals

Up to 10% of the accumulation value annually after 30 days. RMDs accepted Year 1 per company practice. First-year liquidity, penalty-free. Withdrawals may be subject to ordinary income tax, and a 10% IRS penalty may apply to withdrawals taken before age 59½.
Waiver for nursing home or hospital confinement (Not available in MA), and for annuitization after five years.