Americo Financial Life and Annuity
4.5
based on complex data
Annuity Educator Rating
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ClassicMark 10 (Legacy Marketing Group)

The ClassicMark 10 from Legacy Marketing Group is a reliable solution for retirees. Its strongest selling point is its guaranteed growth. Your savings are safe no matter what the market does, giving you peace of mind for your future.

Additional benefits such as flexible payout options and the ability to cover medical emergencies or other unexpected expenses make ClassicMark 10 a worthy consideration when planning for retirement. Take control of your golden years today with ClassicMark 10!

ClassicMark 10 (Legacy Marketing Group)-brochure ClassicMark 10 (Legacy Marketing Group)-brochure

ClassicMark 10 (Legacy Marketing Group)

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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
No
Return Of Premium
No
Minimum Contribution
$10,000
Maximum Contribution
$2,000,000
Max Age Qualified
90
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
121% 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
176% Participation
1-Year S&P 500 PTP Cap
Point to Point
Annual
8.65% Cap
2-Year S&P 500 PTP Participation Rate
Point to Point
Biennial
71% Participation
1-Year Gold PTP Participation Rate
Point to Point
Annual
52% 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
14.5% Cap
1-Year S&P 500 IQ PTP Participation Rate
Point to Point
Annual
74% Participation
1-Year SG Laser PTP Participation Rate
Point to Point
Annual
174% Participation
2-Year SG Laser PTP Participation Rate
Point to Point
Biennial
240% 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%

Hypothetical Projection

Comparison against S&P 500 using current rates
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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

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.

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+).

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. 

Company Founded: 1946
Excellent Rated Company
Americo Financial Life and Annuity
Company Ratings
4.3
  • A.M. Best A
  • Moody's A3
  • Comdex 70
Assets: $7,165,488,931
Texas

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