LibertyMark Freedom 10 LT Plus (Legacy Marketing Group)

Americo Financial Life and Annuity
LibertyMark Freedom 10 LT Plus (Legacy Marketing Group)-brochure LibertyMark Freedom 10 LT Plus (Legacy Marketing Group)-brochure

LibertyMark Freedom 10 LT Plus (Legacy Marketing Group)

Your Email

Ratings:

  • A.M. Best A
  • Moody's A3
  • Comdex 70

About Product

Type
Fixed Index
Purpose
Accumulation
Premium Bonus
7%
Term
10 Years
Surrender schedule
11.9%9.4%8.2%7.2%6.2%5.2%4.2%3.1%2.1%1%
Fee withdrawal:
10%
Market Value Adjustment
No
Return Of Premium
No
Minimum Contribution
$10,000
Maximum Contribution
$2,000,000
Max Age Qualified
80
Types Of Funds
Non-Qualified, IRA, IRA Rollover, IRA Transfer, TSA 403b, SEP IRA, IRA-Roth, and Inherited IRA
Launch Date
08/23/2022
With no built-in fee and strong earnings potential driven by a diverse selection of index options, LibertyMark Freedom fixed indexed annuities give clients the freedom to choose their earnings potential—and to upgrade it by buying higher caps and participation rates. The backing of a highly rated carrier, protection of an industry-leading minimum guarantee, and optional 30% death benefit bonus on the full Accumulation Value help to reassure clients.

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.
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: AK, CA, CT, DE, FL, ID, MN, MO, MT, NV, NH, NJ, OH, OK, OR, PA, SC, TX, UT, VA, and WA

Allocation Accounts

Name Type Rates
1-Year Fixed Account
Fixed
3.2% Fixed
1-Year S&P 500 PTP Cap
Point to Point
Annual
6.4% Cap
1-Year S&P 500 PTP Cap
Point to Point
Annual
10.6% Cap
2-Year S&P 500 PTP Participation Rate
Point to Point
Biennial
89% Participation
2-Year S&P 500 PTP Participation Rate
Point to Point
Biennial
58% Participation
1-Year SG Columbia Adaptive Risk Allocation PTP Participation Rate
Point to Point
Annual
130% Participation
1-Year SG Columbia Adaptive Risk Allocation PTP Participation Rate
Point to Point
Annual
200% Participation
2-Year SG Columbia Adaptive Risk Allocation PTP Participation Rate
Point to Point
Biennial
275% Participation
2-Year SG Columbia Adaptive Risk Allocation PTP Participation Rate
Point to Point
Biennial
179% Participation
1-Year SG Laser PTP Participation Rate
Point to Point
Annual
130% Participation
1-Year SG Laser PTP Participation Rate
Point to Point
Annual
201% Participation
2-Year SG Laser PTP Participation Rate
Point to Point
Biennial
276% Participation
2-Year SG Laser PTP Participation Rate
Point to Point
Biennial
179% Participation
1-Year S&P 500 IQ PTP Participation Rate
Point to Point
Annual
87% Participation
1-Year S&P 500 IQ PTP Participation Rate
Point to Point
Annual
57% Participation
1-Year S&P 500 IQ PTP Cap
Point to Point
Annual
10% Cap

Surrender schedule

Year 1 2 3 4 5 6 7 8 9 10
Penalty 12% 9% 8% 7% 6% 5% 4% 3% 2% 1%

Riders

No Riders for LibertyMark Freedom 10 LT Plus (Legacy Marketing Group) annuity.

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

Premium 
  • $10,000 minimum, Q and NQ. 
  • $1 million maximum per owner without Home Office approval or commission reduction. 
  • Additional premium payments not allowed. 
  • $50 minimum interest crediting option allocation. 
Markets 
  • Non-qualified money. 
  • 403(b)/TSA plan/Roth 403(b)—non-contributory only. 
  • Rollover IRA (traditional). 
  • Inherited IRA—spousal only. 
  • SEP IRA. 
  • Roth IRA. 
  • Roth IRA conversion (full). 
  • Spousal Roth IRA—living spouse assumes deceased spouse’s Roth IRA. 
  • Charitable Remainder Trust. 
  • Corporation. 
  • Irrevocable Trust. 
  • Revocable Trust. 
  • Special Needs Trust. 
  • Net Income with Make-up Charitable Remainder Unitrust. 

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. 

You might also be interested in

James Alden Experienced Financial Advisor
25 years experience
3,712 career consultations
4 slots free for today
scheduling.
Your Name
Your Phone
Thank you for your trust! I have received your contact information. Please wait for a call within 30 minutes. 😌