Americo Financial Life and Annuity
4.4
based on complex data
Annuity Educator Rating
Annuity review

LibertyMark Freedom 7 (Legacy Marketing Group)

The LibertyMark Freedom 7 Annuity is remarkable! As a retiree, this plan provides guarantees for your savings. You will enjoy annual interest accumulations, boom for your future nest egg.

At the heart of LibertyMark Freedom 7, is security. You get a steady income flow after retirement and don’t even have to worry about market downturns. Peace of mind is guaranteed!

LibertyMark Freedom 7 (Legacy Marketing Group)-brochure LibertyMark Freedom 7 (Legacy Marketing Group)-brochure

LibertyMark Freedom 7 (Legacy Marketing Group)

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About Product

Type
Fixed Index
Purpose
Accumulation & Legacy
Term
7 Years
Surrender schedule
9%
8.5%
8%
7%
6%
5%
4%
Fee withdrawal:
10%
Market Value Adjustment
No
Return Of Premium
No
Minimum Contribution
$10,000
Maximum Contribution
$2,000,000
Max Age Qualified
85
Types Of Funds
Non-Qualified, IRA, IRA Rollover, IRA Transfer, TSA 403b, SEP IRA, IRA-Roth, and Inherited IRA
Launch Date
05/16/2022
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 1.50% on LibertyMark Freedom 7 product, 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, AZ, AR, CA, CO, CT, DE, DC, FL, GA, HI, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MO, MT, NE, NV, NH, NJ, NM, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, WV, WI, and WY

Allocation Accounts

Name Type Rates
1-Year Fixed Account
Fixed
4.15% Fixed
1-Year S&P 500 PTP Cap
Point to Point
Annual
8.25% Cap
1-Year S&P 500 PTP Cap
Point to Point
Annual
12.45% Cap
2-Year S&P 500 PTP Participation Rate
Point to Point
Biennial
92% Participation
2-Year S&P 500 PTP Participation Rate
Point to Point
Biennial
68% Participation
1-Year SG Columbia Adaptive Risk Allocation PTP Participation Rate
Point to Point
Annual
168% Participation
1-Year SG Columbia Adaptive Risk Allocation PTP Participation Rate
Point to Point
Annual
227% Participation
2-Year SG Columbia Adaptive Risk Allocation PTP Participation Rate
Point to Point
Biennial
313% Participation
2-Year SG Columbia Adaptive Risk Allocation PTP Participation Rate
Point to Point
Biennial
231% Participation
1-Year SG Laser PTP Participation Rate
Point to Point
Annual
166% Participation
1-Year SG Laser PTP Participation Rate
Point to Point
Annual
226% Participation
2-Year SG Laser PTP Participation Rate
Point to Point
Biennial
312% Participation
2-Year SG Laser PTP Participation Rate
Point to Point
Biennial
229% Participation
1-Year S&P 500 IQ PTP Participation Rate
Point to Point
Annual
97% Participation
1-Year S&P 500 IQ PTP Participation Rate
Point to Point
Annual
71% Participation
1-Year S&P 500 IQ PTP Cap
Point to Point
Annual
13.25% Cap

Surrender schedule

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

Hypothetical Projection

Comparison against S&P 500 using current rates
indexed chart
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Riders

Name Inbuilt Fee
Heritage Maximizer No 0.30% annually

Waivers

Hospital

Unavailable in states: MA

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

Unavailable in states: MA

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. 
  • $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. 

Company Founded: 1946
Excellent Rated Company
Americo Financial Life and Annuity
Company Ratings
4.3
  • A.M. Best A
  • Moody's A3
  • Comdex 70
Assets: $7,165,488,931
Texas

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