Ameritas (Legacy Marketing Group) FlexMark Select
Highlights
Please note this product is developed and marketed exclusively with Legacy Marketing Group.
Type
|
Fixed Index |
---|---|
Purpose | Lifetime Income |
Term
|
10 Years |
Surrender schedule
|
10%10%10%9%9%8%7%6%4%2% |
Free withdrawal
|
1st year: 0% 2nd+ year: 10% |
Market value adjustment
|
|
Return of premium
|
|
Launch date
|
09/15/2017 |
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, and TSP |
Brochure
|
Open brochure |
Find out if the Ameritas (Legacy Marketing Group) FlexMark Select is the right product for you.
Premium Notes
- $25 000 minimum. Year 1.
- $5 000 minimum additional (Year 1 only). Additional premium can be lump sum or scheduled.
- $2 000 000 maximum per owner without Home Office approval or commission reduction ($1 000 000 on bonus products for issue ages 75+).
Withdrawal Provisions
- Up to 10% of the beginning-of-policy-year accumulation value each year after the first policy year.
- 10% one-time emergency withdrawal after the first policy year for qualifying events.*
- Systematic withdrawals that fall within the 10% free withdrawal threshold or are paid as part of a GLWB rider benefit.
- Confinement, home health care, and terminal illness waivers for qualifying conditions.*
Allocation Accounts
Name | Type | Rates |
---|---|---|
1-Year Fixed Account |
Fixed
|
4.4%
Fixed
|
1-Year US Innovative Leaders 5 PTP Participation Rate |
Point to Point
Annual
|
170%
Participation
|
1-Year US Innovative Leaders 5 PTP Participation Rate |
Point to Point
Annual
|
215%
Participation
|
2-Year US Innovative Leaders 5 PTP Participation Rate |
Point to Point
Biennial
|
235%
Participation
|
2-Year US Innovative Leaders 5 PTP Participation Rate |
Point to Point
Biennial
|
285%
Participation
|
1-Year BNPP Momentum 5 PTP Participation Rate |
Point to Point
Annual
|
180%
Participation
|
1-Year BNPP Momentum 5 PTP Participation Rate |
Point to Point
Annual
|
225%
Participation
|
2-Year BNPP Momentum 5 PTP Participation Rate |
Point to Point
Biennial
|
240%
Participation
|
2-Year BNPP Momentum 5 PTP Participation Rate |
Point to Point
Biennial
|
285%
Participation
|
1-Year Russell 2000 PTP Cap |
Point to Point
Annual
|
7.6%
Cap
|
1-Year Russell 2000 PTP Cap |
Point to Point
Annual
|
9.95%
Cap
|
1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
7.9%
Cap
|
1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
10.1%
Cap
|
2-Year S&P 500 PTP Participation Rate |
Point to Point
Biennial
|
60%
Participation
|
2-Year S&P 500 PTP Participation Rate |
Point to Point
Biennial
|
74%
Participation
|
1-Year Fixed Account |
Fixed
|
4.55%
Fixed
|
1-Year US Innovative Leaders 5 PTP Participation Rate |
Point to Point
Annual
|
220%
Participation
|
1-Year US Innovative Leaders 5 PTP Participation Rate |
Point to Point
Annual
|
180%
Participation
|
2-Year US Innovative Leaders 5 PTP Participation Rate |
Point to Point
Biennial
|
295%
Participation
|
2-Year US Innovative Leaders 5 PTP Participation Rate |
Point to Point
Biennial
|
240%
Participation
|
1-Year BNPP Momentum 5 PTP Participation Rate |
Point to Point
Annual
|
190%
Participation
|
1-Year BNPP Momentum 5 PTP Participation Rate |
Point to Point
Annual
|
230%
Participation
|
2-Year BNPP Momentum 5 PTP Participation Rate |
Point to Point
Biennial
|
245%
Participation
|
2-Year BNPP Momentum 5 PTP Participation Rate |
Point to Point
Biennial
|
300%
Participation
|
1-Year Russell 2000 PTP Cap |
Point to Point
Annual
|
7.75%
Cap
|
1-Year Russell 2000 PTP Cap |
Point to Point
Annual
|
10.2%
Cap
|
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
|
10.45%
Cap
|
2-Year S&P 500 PTP Participation Rate |
Point to Point
Biennial
|
62%
Participation
|
2-Year S&P 500 PTP Participation Rate |
Point to Point
Biennial
|
76%
Participation
|
Surrender schedule
Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
---|---|---|---|---|---|---|---|---|---|---|
Penalty | 10% | 10% | 10% | 9% | 9% | 8% | 7% | 6% | 4% | 2% |
Riders
Name | Inbuilt | Fee |
---|---|---|
Flexmark Basic Income Rider | Yes | |
Flexmark MyFit Income Rider | No | 1.15% annually (2.00% max) |
Flexmark MyFit Income Rider with Booster | No | 1.25% annually (2.00% max) |
Flexmark MyFit Income Rider (Lifestyle Payout) | No | 1.15% annually (2.00% max) |
Flexmark MyFit Income Rider with Booster (Lifestyle Payout) | No | 1.25% annually (2.00% max) |
Waivers
Terminal Illness
If, after the policy begins, you become diagnosed with a terminal illness that results in a life expectancy of 12 months or less, surrender charges may be waived on withdrawals.
Annuitization
Surrender-charge free after Year 5.
ADL
Unavailable in states: FL
At least two years after the policy date, 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, dressing, transferring, toileting, continence, and eating) you may qualify for a waiver of surrender charges. You must not have been confined or required home health care services within one year prior to the policy date.
Confinement
At any time after policy issue, 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 1 year prior to the policy date.
Emergency Access
10% Emergency Access In addition to annual penalty-free withdrawals, FlexMark Select offers a one-time free withdrawal benefit, available after the first policy year, to help respond to life’s emergencies. You may withdraw up to an extra 10% of the accumulation value without incurring surrender charges or an MVA if you experience an emergency event.
Request a free quote or talk to our financial expert to get help