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Best Guaranteed Annuity Rates
2-Year
5.55%
3-Year
6.25%
5-Year
6.50%
7-Year
5.85%
10-Year
5.80%

ClassicMark 10 Plus (Legacy Marketing Group)

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Highlights

The ClassicMark 10 Plus 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). Included in this annuity is an upfront premium for initial premiums paid and a persistency bonus credited to the full account value at the end of the surrender period. There is a product fee applied to the account value each year. Please see 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
Type
Fixed Index
Purpose Accumulation & Legacy
Premium Bonus
4%
Term
10 Years
Surrender schedule
14%13%12.5%11.5%10.5%9.5%8.5%7.5%6.5%5.5%
Free withdrawal
10%
Market value adjustment
Return of premium
Minimum contribution
$10,000
Maximum contribution
$2,000,000
Max Age Qualified
80
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

Find out if the ClassicMark 10 Plus (Legacy Marketing Group) is the right product for you.

Premium Notes

Premium
  • $10 000 minimum, Qualified and NQ. 
  • $1 million maximum per owner without Home Office approval or commission reduction.
Note: Americo allows for Inherited IRAs Spousal only.  

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. 

Allocation Accounts

Name Type Rates
5-Year SG Columbia Adaptive Risk Allocation FUSION Participation Rate with Fixed rate on Gain
FUSION
5-Year
146% Participation
5% Performance triggered
1-Year Fixed Account (Most States)
Fixed
4.1% Fixed
1-Year Fixed Account (SD Only)
Fixed
4.1% Fixed
1-Year SG Columbia Adaptive Risk Allocation PTP Participation Rate
Point to Point
Annual
167% Participation
1-Year S&P 500 PTP Cap
Point to Point
Annual
7.9% Cap
2-Year S&P 500 PTP Participation Rate
Point to Point
Biennial
68% Participation
1-Year Gold PTP Participation Rate
Point to Point
Annual
51% Participation
2-Year SG Columbia Adaptive Risk Allocation PTP Participation Rate
Point to Point
Biennial
231% Participation
2-Year SG Laser PTP Participation Rate
Point to Point
Biennial
232% Participation
1-Year SG Laser PTP Participation Rate
Point to Point
Annual
168% Participation
1-Year S&P 500 IQ PTP Participation Rate
Point to Point
Annual
68% Participation
1-Year S&P 500 IQ PTP Cap
Point to Point
Annual
12.55% 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.

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