Growth Commander 10 (Legacy Marketing Group)
The Growth Commander 10 by Legacy Marketing Group is perfect for safe, long-term investments. Its highest selling point is the guaranteed growth of your nest egg over a 10-year period.
Easy to understand and packed with various payment options after retirement, this product ensures you have a reliable pay-check every month after your golden years begin. It's like guaranteeing your peace of mind!
Growth Commander 10 (Legacy Marketing Group)
About Product
Fee Options
One thing that sets Growth Commander apart is the option it gives you to buy higher caps and participation rates by paying a fee. It may seem counterintuitive, but the fee provides your money greater earnings potential. This is because the higher caps and participation rates may provide a return that exceeds the fee. Selecting an index option with a fee is completely up to you. The 1.50% fee applies only to the portion of your contract’s Accumulation Value that you choose to allocate to a fee index option. The fee is deducted at the end of each contract year during the index period. You may choose to split funds between the fee and no-fee options. Growth Commander also allows you the flexibility to change your allocations at the end of the index period.
Guaranteed Participation Rate Options
Growth Commander offers a valuable feature on certain index options—a participation rate that is guaranteed for the entire length of the surrender charge period. When you choose a guaranteed participation rate option, you eliminate any uncertainty about what your renewal rate may be at the end of the index period. Even if the interest rate environment is lower in the future, your participation rate will be locked in for the duration of your surrender charge period.
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 |
|---|---|---|
| 1-Year Fixed Account |
Fixed
|
3.95%
Fixed
|
| 1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
7.75%
Cap
|
| 1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
11.65%
Cap
|
| 1-Year SG Global Balanced PTP Participation Rate Guaranteed for Term |
Point to Point
Annual
|
154%
Participation
|
| 1-Year SG Global Balanced PTP Participation Rate Guaranteed for Term |
Point to Point
Annual
|
212%
Participation
|
| 2-Year SG Global Balanced PTP Participation Rate Guaranteed for Term |
Point to Point
Biennial
|
207%
Participation
|
| 2-Year SG Global Balanced PTP Participation Rate Guaranteed for Term |
Point to Point
Biennial
|
286%
Participation
|
| 1-Year Morgan Stanley Enhanced Allocation PTP Participation Rate Guaranteed for Term |
Point to Point
Annual
|
142%
Participation
|
| 1-Year Morgan Stanley Enhanced Allocation PTP Participation Rate Guaranteed for Term |
Point to Point
Annual
|
196%
Participation
|
| 2-Year Morgan Stanley Enhanced Allocation PTP Participation Rate Guaranteed for Term |
Point to Point
Biennial
|
220%
Participation
|
| 2-Year Morgan Stanley Enhanced Allocation PTP Participation Rate Guaranteed for Term |
Point to Point
Biennial
|
303%
Participation
|
| 1-Year S&P 500 IQ PTP Participation Rates |
Point to Point
Annual
|
94%
Participation
|
| 1-Year S&P 500 IQ PTP Participation Rates |
Point to Point
Annual
|
68%
Participation
|
| 1-Year S&P 500 IQ PTP Cap |
Point to Point
Annual
|
12.4%
Cap
|
Surrender schedule
| Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
|---|---|---|---|---|---|---|---|---|---|---|
| Penalty | 9% | 9% | 8% | 7% | 6% | 5% | 4% | 3% | 2% | 1% |
Riders
No Riders for Growth Commander 10 (Legacy Marketing Group) annuity.
Waivers
Hospital
Unavailable in states: MA
In most states, if after the contract date you become confined to a hospital for at least 90 consecutive days, you may withdraw 100% of your Accumulation Value without incurring surrender charges. This is made available under the Waiver of Surrender Charges Upon Hospital Confinement Endorsement. Your withdrawal request and proof of confinement must be provided no later than 30 days after discharge.
Nursing Home
Unavailable in states: MA
In most states, if after the contract date you become confined to a nursing home for at least 90 consecutive days, you may withdraw 100% of your Accumulation Value without incurring surrender charges. This is made available under the Waiver of Surrender Charges Upon Nursing Home Confinement Endorsement. Your withdrawal request and proof of confinement must be provided no later than 30 days after discharge.
Premium Notes
Withdrawal Provisions
Penalty-Free Withdrawals Contractually, one penalty-free withdrawal is allowed per year equal to 10% of the Accumulation Value as of the most recent contract anniversary. The minimum withdrawal amount is $500, with a minimum remaining surrender value of $2,000. Withdrawals will be taken from the Declared Interest Account on a last-in first-out (LIFO) basis first, and then any additional amounts will be taken from the indexed options on a LIFO basis. By current company practice, multiple penalty-free withdrawals are allowed annually, provided the total does not exceed 10% of the Accumulation Value as of the most recent contract anniversary. Subsequent withdrawals after the first are based on the Accumulation Value at the time of the withdrawal. Also by current company practice, interest-only withdrawals may be taken from the Declared Interest Account in Year 1 after 30 days, subject to the annual 10% penalty-free withdrawal provision.
- A.M. Best A
- Moody's A3
- Comdex 70
