Ameritas (Legacy Marketing Group) FlexMark Select LT (FL Only)
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Highlights
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. 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:
FL
|
Type
|
Fixed Index |
|---|---|
| Purpose | Lifetime Income |
|
Term
|
10 Years |
|
Surrender schedule
|
9%9%8%7%6%5%4%3%2%1% |
|
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 LT (FL Only) is the right product for you.
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 Withdrawals
Each 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
Allocation Accounts
| Name | Type | Rates |
|---|---|---|
| 1-Year Fixed Account |
Fixed
|
3.85%
Fixed
|
| 1-Year US Innovative Leaders 5 PTP Participation Rate |
Point to Point
Annual
|
145%
Participation
|
| 1-Year US Innovative Leaders 5 PTP Participation Rate |
Point to Point
Annual
|
185%
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
|
205%
Participation
|
| 1-Year BNPP Momentum 5 PTP Participation Rate |
Point to Point
Annual
|
155%
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
|
210%
Participation
|
| 2-Year BNPP Momentum 5 PTP Participation Rate |
Point to Point
Biennial
|
255%
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
|
6.9%
Cap
|
| 1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
9.2%
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
|
4%
Fixed
|
| 1-Year US Innovative Leaders 5 PTP Participation Rate |
Point to Point
Annual
|
190%
Participation
|
| 1-Year US Innovative Leaders 5 PTP Participation Rate |
Point to Point
Annual
|
155%
Participation
|
| 2-Year US Innovative Leaders 5 PTP Participation Rate |
Point to Point
Biennial
|
265%
Participation
|
| 2-Year US Innovative Leaders 5 PTP Participation Rate |
Point to Point
Biennial
|
210%
Participation
|
| 1-Year BNPP Momentum 5 PTP Participation Rate |
Point to Point
Annual
|
165%
Participation
|
| 1-Year BNPP Momentum 5 PTP Participation Rate |
Point to Point
Annual
|
205%
Participation
|
| 2-Year BNPP Momentum 5 PTP Participation Rate |
Point to Point
Biennial
|
215%
Participation
|
| 2-Year BNPP Momentum 5 PTP Participation Rate |
Point to Point
Biennial
|
270%
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
|
7.25%
Cap
|
| 1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
9.55%
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 | 9% | 9% | 8% | 7% | 6% | 5% | 4% | 3% | 2% | 1% |
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.
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
Extra one-time withdrawal up to 10% without surrender charge or MVA, available after Year 1.
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