ClassicMark 10 (Legacy Marketing Group)
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Highlights
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
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
|
Type
|
Fixed Index
|
|---|---|
|
Term
|
10 Years |
|
Surrender schedule
|
13%12%11%10.5%10%9%8%7%6%5% |
|
Free withdrawal
|
10% |
|
Market value adjustment
|
|
|
Return of premium
|
|
|
Minimum contribution
|
$10,000 |
|
Types of funds
|
Non-Qualified, 401k, IRA, IRA Rollover, IRA Transfer, TSA 403b, SEP IRA, IRA-Roth, 1035 Exchange, and Inherited IRA |
Brochure
|
Open brochure |
Allocation Accounts
| Name | Type | Rates |
|---|---|---|
| 5-Year SG Columbia Adaptive Risk Allocation FUSION Participation Rate with Fixed rate on Gain |
FUSION
5-Year
|
135%
Participation
6%
Performance triggered
|
| 1-Year Fixed Account (Most States) |
Fixed
|
4.35%
Fixed
|
| 1-Year Fixed Account (SD Only) |
Fixed
|
4.35%
Fixed
|
| 1-Year SG Columbia Adaptive Risk Allocation PTP Participation Rate |
Point to Point
Annual
|
182%
Participation
|
| 1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
8.7%
Cap
|
| 2-Year S&P 500 PTP Participation Rate |
Point to Point
Biennial
|
77%
Participation
|
| 1-Year Gold PTP Participation Rate |
Point to Point
Annual
|
61%
Participation
|
| 2-Year SG Columbia Adaptive Risk Allocation PTP Participation Rate |
Point to Point
Biennial
|
251%
Participation
|
| 1-Year S&P 500 IQ PTP Cap |
Point to Point
Annual
|
15.1%
Cap
|
| 1-Year S&P 500 IQ PTP Participation Rate |
Point to Point
Annual
|
75%
Participation
|
| 1-Year SG Laser PTP Participation Rate |
Point to Point
Annual
|
180%
Participation
|
| 2-Year SG Laser PTP Participation Rate |
Point to Point
Biennial
|
249%
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 |