LibertyMark Freedom 10 LT (Legacy Marketing Group)
The LibertyMark Freedom 10 LT from Legacy Marketing Group is a fantastic choice for securing your future. This annuity stands out with its competitive interest rates, promising a steady stream of income during retirement.
Plus, with flexible payment options and strong insurance backing, you can trust in the Freedom 10 LT. Rest easy knowing your golden years are safe, secure and financially solid with this annuity!
LibertyMark Freedom 10 LT (Legacy Marketing Group)
About Product
Fee/No-Fee Index Options
- Accumulation free of mandatory fees.
- Ability to buy higher caps and par. rates for upgraded earnings potential. The charge on optional indexed options with a fee is 1.75% on LibertyMark Freedom 10-year products, deducted at the end of each contract year during the index period.
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
|
4.5%
Fixed
|
| 1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
8.45%
Cap
|
| 1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
13.65%
Cap
|
| 2-Year S&P 500 PTP Participation Rate |
Point to Point
Biennial
|
100%
Participation
|
| 2-Year S&P 500 PTP Participation Rate |
Point to Point
Biennial
|
72%
Participation
|
| 1-Year SG Columbia Adaptive Risk Allocation PTP Participation Rate |
Point to Point
Annual
|
180%
Participation
|
| 1-Year SG Columbia Adaptive Risk Allocation PTP Participation Rate |
Point to Point
Annual
|
249%
Participation
|
| 2-Year SG Columbia Adaptive Risk Allocation PTP Participation Rate |
Point to Point
Biennial
|
343%
Participation
|
| 2-Year SG Columbia Adaptive Risk Allocation PTP Participation Rate |
Point to Point
Biennial
|
247%
Participation
|
| 1-Year SG Laser PTP Participation Rate |
Point to Point
Annual
|
176%
Participation
|
| 1-Year SG Laser PTP Participation Rate |
Point to Point
Annual
|
246%
Participation
|
| 2-Year SG Laser PTP Participation Rate |
Point to Point
Biennial
|
340%
Participation
|
| 2-Year SG Laser PTP Participation Rate |
Point to Point
Biennial
|
243%
Participation
|
| 1-Year S&P 500 IQ PTP Participation Rate |
Point to Point
Annual
|
105%
Participation
|
| 1-Year S&P 500 IQ PTP Participation Rate |
Point to Point
Annual
|
75%
Participation
|
| 1-Year S&P 500 IQ PTP Cap |
Point to Point
Annual
|
14.9%
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
| Name | Inbuilt | Fee |
|---|---|---|
| Heritage Maximizer | No | 0.30% annually |
Waivers
Hospital
Surrender charges are waived if after contract issue any owner is confined to a qualified nursing home or hospital for at least 90 consecutive days.
Nursing Home
Surrender charges are waived if after contract issue any owner is confined to a qualified nursing home or hospital for at least 90 consecutive days.
Premium Notes
- $10,000 minimum, Q and NQ.
- $2 million maximum per owner without Home Office approval or commission reduction ($1 million for issue ages 75+).
- Additional premium payments not allowed.
- $50 minimum interest crediting option allocation.
Withdrawal Provisions
Penalty-Free Withdrawals Contractually, one penalty-free withdrawal is allowed per year after the first 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 Option on a last-in first-out (LIFO) basis first, and then any additional amounts will be taken from the index options on a LIFO basis.
- A.M. Best A
- Moody's A3
- Comdex 70
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