ClassicMark 10 Plus (Legacy Marketing Group)
The ClassicMark 10 Plus from Legacy Marketing Group is an excellent choice for retirees. It's highly respected for its stability, promising consistent income for life - a fantastic way to keep enjoying your golden years without financial stress.
While the brochure highlights its impressive interest rates and flexible payout options, the peace of mind this annuity can offer is invaluable. Indeed, with ClassicMark 10 Plus, you're investing in a worry-free and prosperous future. Truly, a product to consider.
ClassicMark 10 Plus (Legacy Marketing Group)
About Product
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
Allocation Accounts
| Name | Type | Rates |
|---|---|---|
| 5-Year SG Columbia Adaptive Risk Allocation FUSION Participation Rate with Fixed rate on Gain |
FUSION
5-Year
|
116%
Participation
5%
Performance triggered
|
| 1-Year Fixed Account (Most States) |
Fixed
|
3.8%
Fixed
|
| 1-Year Fixed Account (SD Only) |
Fixed
|
3.8%
Fixed
|
| 1-Year SG Columbia Adaptive Risk Allocation PTP Participation Rate |
Point to Point
Annual
|
153%
Participation
|
| 1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
7.6%
Cap
|
| 2-Year S&P 500 PTP Participation Rate |
Point to Point
Biennial
|
62%
Participation
|
| 1-Year Gold PTP Participation Rate |
Point to Point
Annual
|
46%
Participation
|
| 2-Year SG Columbia Adaptive Risk Allocation PTP Participation Rate |
Point to Point
Biennial
|
211%
Participation
|
| 2-Year SG Laser PTP Participation Rate |
Point to Point
Biennial
|
211%
Participation
|
| 1-Year SG Laser PTP Participation Rate |
Point to Point
Annual
|
153%
Participation
|
| 1-Year S&P 500 IQ PTP Participation Rate |
Point to Point
Annual
|
65%
Participation
|
| 1-Year S&P 500 IQ PTP Cap |
Point to Point
Annual
|
11.55%
Cap
|
Surrender schedule
| Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
|---|---|---|---|---|---|---|---|---|---|---|
| Penalty | 14% | 13% | 13% | 12% | 11% | 10% | 9% | 8% | 7% | 6% |
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
- $10 000 minimum, Qualified and NQ.
- $1 million maximum per owner without Home Office approval or commission reduction.
Withdrawal Provisions
Free Withdrawals Up to 10% of accumulation value annually after 30 days. RMDs accepted Year 1 per company practice. Waiver for nursing home or hospital confinement (Not available in MA), and for annuitization after five years.
- A.M. Best A
- Moody's A3
- Comdex 70
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