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Annuity review

Ameritas (Legacy Marketing Group) FlexMark Select

The Ameritas FlexMark Select annuity is a reliable choice for those planning for a secure retirement. Based on my experience, it offers peace of mind with its guaranteed income, assuring a steady cash flow post-retirement.

Also, the FlexMark Select shines in flexibility, allowing for customizable investment options to suit different risk tolerances. Not to forget its death benefit feature, providing reassurance to your loved ones. Highly recommend!

Ameritas (Legacy Marketing Group) FlexMark Select

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About Product

Type

Fixed Index

Purpose

Lifetime Income

Term

10 Years

Surrender schedule

10%

Fee withdrawal:

10%

Market Value Adjustment

Yes

Return Of Premium

Minimum Contribution

$25,000

Maximum Contribution

$2,000,000

Max Age Qualified

Types Of Funds

Non-Qualified, 401k, IRA, IRA Rollover, 401a, IRA Transfer, SEP IRA, IRA-Roth, SIMPLE IRA, 457 plan, and TSP

Launch Date

09/15/2017

FlexMark Select annuities are all about flexibility and choice. Clients can tailor their FlexMark Select annuity to fit their need for accumulation and/or retirement income strategies. They can choose a bonus or no-bonus product and upgrade from a no-cost GLWB income rider to a for-cost GLWB rider that offers a stronger “roll-up” rate, lifestyle, and level payout options, and an optional income booster. The diverse interest crediting options, with the option to receive higher participation and/or cap rates for a fee, provide additional flexibility.

FlexMark Select gives you the choice of a fee or no-fee version of each index option.

Fee Option—In exchange for paying a fee, you will receive higher caps and/or participation rates than are available on the no-fee option. This translates to the opportunity for greater earnings. Index options with a fee are an excellent choice if you are looking to maximize your growth potential. Fee options are not available in all states.
No-Fee Option—If you’re not interested in paying a fee, a traditional no-fee option, which offers competitive rates, is a solid choice.
Fee and No-Fee Combination—FlexMark Select allows you the flexibility to diversify your money among all available crediting strategies. That means you can split your premium among fee options, no-fee options, and the fixed account—allowing you to customize your accumulation path.

Please note this product is developed and marketed exclusively with Legacy Marketing Group.

Available in states: AL, AZ, AR, CO, DC, FL, GA, IL, IA, KS, KY, LA, ME, MD, MI, MS, MT, NE, NC, ND, RI, SD, TN, VT, VA, WV, WI, and WY

Allocation Accounts

Name	Type	Rates
1-Year Fixed Account	Fixed	3.65% Fixed
1-Year US Innovative Leaders 5 PTP Participation Rate	Point to Point Annual	140% 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	195% Participation
2-Year US Innovative Leaders 5 PTP Participation Rate	Point to Point Biennial	245% Participation
1-Year BNPP Momentum 5 PTP Participation Rate	Point to Point Annual	150% Participation
1-Year BNPP Momentum 5 PTP Participation Rate	Point to Point Annual	195% Participation
2-Year BNPP Momentum 5 PTP Participation Rate	Point to Point Biennial	200% Participation
2-Year BNPP Momentum 5 PTP Participation Rate	Point to Point Biennial	245% 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	6.4% Cap
1-Year S&P 500 PTP Cap	Point to Point Annual	8.7% Cap
2-Year S&P 500 PTP Participation Rate	Point to Point Biennial	55% Participation
2-Year S&P 500 PTP Participation Rate	Point to Point Biennial	69% Participation
1-Year Fixed Account	Fixed	3.8% Fixed
1-Year US Innovative Leaders 5 PTP Participation Rate	Point to Point Annual	185% Participation
1-Year US Innovative Leaders 5 PTP Participation Rate	Point to Point Annual	150% Participation
2-Year US Innovative Leaders 5 PTP Participation Rate	Point to Point Biennial	255% Participation
2-Year US Innovative Leaders 5 PTP Participation Rate	Point to Point Biennial	200% Participation
1-Year BNPP Momentum 5 PTP Participation Rate	Point to Point Annual	160% Participation
1-Year BNPP Momentum 5 PTP Participation Rate	Point to Point Annual	200% Participation
2-Year BNPP Momentum 5 PTP Participation Rate	Point to Point Biennial	205% Participation
2-Year BNPP Momentum 5 PTP Participation Rate	Point to Point Biennial	260% 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	6.75% Cap
1-Year S&P 500 PTP Cap	Point to Point Annual	9.05% Cap
2-Year S&P 500 PTP Participation Rate	Point to Point Biennial	57% Participation
2-Year S&P 500 PTP Participation Rate	Point to Point Biennial	71% 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%

Hypothetical Projection

Comparison against S&P 500 using current rates

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Investment Amount

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.

Premium Notes

Premium

$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+).

Note: TSP has to be funded with rollover funds.

Withdrawal Provisions

Free WithdrawalsEach policy year after the first, you may withdraw up to 10% of your beginning-of-year accumulation value without incurring surrender charges or a market value adjustment. You are free to use this liquidity feature to carry out an income plan or to respond to life’s unexpected events. The minimum withdrawal amount is $250.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.* * May vary by state and may not be available in all states

Company Founded: 1887

Excellent Rated Company

Ameritas Life Insurance Corp.

Company Ratings

4.2