Ameritas (Legacy Marketing Group) FlexMark Select LT (FL Only)
Originally founded 1887, Ameritas Life Insurance Corp. is a subsidiary of the Ameritas Mutual Holding Company. With a direct focus on selling insurance policies, employee benefits, and retirement products, the company has become a leader in the financial service industry. More specifically, they provide life insurance, annuities, retirement plans, dental and vision insurance, and disability income insurance. This comprehensive portfolio of offerings has enabled them to gain a top 5 ranking in new sales nationwide. Ameritas strives to provide the best possible services for its clientele, ensuring they reach financial stability and peace of mind.
Ameritas (Legacy Marketing Group) FlexMark Select LT (FL Only)
Ratings:
- A.M. Best A
- S&P A+
- Comdex 78
About Product
- 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.
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.
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.*