Ameritas Life Insurance Corp.
4.6
based on complex data
Annuity Educator Rating
Annuity review

Ameritas (Legacy Marketing Group) ApexAdvantage

The Ameritas ApexAdvantage annuity product is an excellent tool for securing your financial future. It offers strong returns and stands out for its incredible flexibility, enabling customization to your unique retirement needs.

Backed by the trusted Legacy Marketing Group, this annuity provides assurance to retirees aiming for a comfortable and worry-free retirement. With well-detailed product brochure and public information, you're never left in the dark!

Ameritas (Legacy Marketing Group) ApexAdvantage-brochure Ameritas (Legacy Marketing Group) ApexAdvantage-brochure

Ameritas (Legacy Marketing Group) ApexAdvantage

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About Product

Type
Fixed Index
Purpose
Lifetime Income
Term
10 Years
Surrender schedule
9%
9%
8%
7%
6%
5%
4%
3%
2%
1%
Fee withdrawal:
10%
Market Value Adjustment
Yes
Return Of Premium
No
Minimum Contribution
$25,000
Maximum Contribution
$2,000,000
Max Age Qualified
85
Types Of Funds
Non-Qualified, 401k, IRA, IRA Rollover, 401a, IRA Transfer, SEP IRA, IRA-Roth, SIMPLE IRA, 457 plan, 1035 Exchange, Inherited IRA, and NQ Stretch
Launch Date
06/20/2022
ApexAdvantage is a 10-year modified single premium deferred fixed index annuity. ApexAdvantage is designed to help generate the income you need to accelerate your retirement. While income you can’t outlive is vital, it’s equally important to grow your money. ApexAdvantage offers strong growth potential and valuable guarantees to help protect your funds from market downturns.

Please note this product is developed and marketed exclusively with Legacy Marketing Group.
Available in states: AL, AK, AZ, AR, CO, CT, DE, DC, FL, GA, HI, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, 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
4.1% Fixed
1-Year S&P 500 PTP Participation Rate
Point to Point
Annual
45% Participation
1-Year S&P MARC 5% ER PTP Participation Rate
Point to Point
Annual
150% Participation
2-Year S&P MARC 5% ER PTP Participation Rate
Point to Point
Biennial
205% Participation
1-Year BNPP US Governance Multi Asset PTP Participation Rate
Point to Point
Annual
165% Participation
2-Year BNPP US Governance Multi Asset PTP Participation Rate
Point to Point
Biennial
230% Participation

Surrender schedule

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

Hypothetical Projection

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

Name Inbuilt Fee
FutureNow Rider Level No 1.25% annually (2.50% after 10 years) (2.50% max)
FutureNow Rider Increasing No 1.25% annually (2.50% after 10 years)
FutureNow Rider Increasing With Booster No 1.35% annually (2.50% after 10 years)
FutureNow Rider Level With Booster No 1.35% annually (2.50% after 10 years)

Waivers

Terminal Illness

If, after the policy begins, you become diagnosed with a terminal illness that results in a life expectancy of one year or less, surrender charges may be waived on withdrawals.

ADL

Unavailable in states: FL

If you need home health care services from a licensed home health care service agency due to impairment in performing at least two of six activities of daily living (bathing, continence, dressing, eating, toileting, and transferring) you may qualify for a waiver of surrender charges. You would be eligible for this waiver after the first policy anniversary, if the conditions are met. You must not have been confined or required home health care services within one year prior to the policy date.

Confinement

If you become confined for at least 30 consecutive days to a qualified institution, surrender charges may be waived on withdrawals. To qualify for the waiver, you must not have been confined within one year prior to the policy date.

Premium Notes

Premium Amount
Your annuity’s compound growth potential begins with your purchase amount, known as a premium. You can choose the premium payment that best helps you achieve your financial goals. Your initial premium amount can be as low as $25,000 or as high as $2,000,000. ApexAdvantage is a modified single premium annuity. As such, it allows premium payments to be made only during the first policy year. During the first policy year, if you decide you’d like to contribute more money to your annuity, you may add additional premium payments of at least $5,000, not to exceed $2,000,000 in total premium. 

Withdrawal Provisions

Market Value Adjustment A market value adjustment (MVA) is a positive or negative adjustment made to your withdrawal or surrender amount in response to market conditions. When a surrender charge is assessed, an MVA will apply on the amount you access. An MVA does not apply to penalty-free withdrawal amounts or after the surrender charge period ends. The MVA is calculated based on a formula that tracks the interest rate environment since you purchased your annuity. The MVA may increase or decrease the amount of the withdrawal or surrender. The actual MVA amount may vary by state, and an MVA may not be applicable in all states. Ask your insurance professional about any MVA in your state.Penalty-Free Withdrawals Each year after the first policy anniversary, you may withdraw up to 10% of the accumulation value as of the beginning of the policy year without incurring a surrender charge or market value adjustment. You are free to use this liquidity feature to respond to life’s unexpected events or for any reason. 

Company Founded: 1887
Excellent Rated Company
Ameritas Life Insurance Corp.
Company Ratings
4.2
  • A.M. Best A
  • S&P A+
  • Comdex 79
Assets: $16,837,885,961
Nebraska

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