Ameritas (Legacy Marketing Group) FlexMark Select LT Plus
Ameritas FlexMark Select LT Plus is a truly useful annuity product. With its flexible options and attractive returns, you're truly in control of your future. Plus, the ability to grow your savings tax-deferred is a big advantage for future you.
Our best-loved feature is the guaranteed lifetime income option. It's a stress-free solution that lets you enjoy your retirement with the peace of mind that you'll always have a reliable income. Ameritas (Legacy Marketing Group) certainly understands planning for a secured future!
Ameritas (Legacy Marketing Group) FlexMark Select LT Plus
Ratings:
- A.M. Best A
- S&P A+
- Comdex 79
About Product
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.
Allocation Accounts
| Name | Type | Rates |
|---|---|---|
| 1-Year Fixed Account |
Fixed
|
3.4%
Fixed
|
| 1-Year BNPP Momentum 5 PTP Participation Rate |
Point to Point
Annual
|
140%
Participation
|
| 1-Year BNPP Momentum 5 PTP Participation Rate |
Point to Point
Annual
|
185%
Participation
|
| 2-Year BNPP Momentum 5 PTP Participation Rate |
Point to Point
Biennial
|
185%
Participation
|
| 2-Year BNPP Momentum 5 PTP Participation Rate |
Point to Point
Biennial
|
230%
Participation
|
| 1-Year Russell 2000 PTP Cap |
Point to Point
Annual
|
7.15%
Cap
|
| 1-Year Russell 2000 PTP Cap |
Point to Point
Annual
|
9.35%
Cap
|
| 1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
5.95%
Cap
|
| 1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
8.2%
Cap
|
| 2-Year S&P 500 PTP Participation Rate |
Point to Point
Biennial
|
52%
Participation
|
| 2-Year S&P 500 PTP Participation Rate |
Point to Point
Biennial
|
66%
Participation
|
| 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
|
130%
Participation
|
| 2-Year US Innovative Leaders 5 PTP Participation Rate |
Point to Point
Biennial
|
230%
Participation
|
| 2-Year US Innovative Leaders 5 PTP Participation Rate |
Point to Point
Biennial
|
180%
Participation
|
| 1-Year Fixed Account |
Fixed
|
3.55%
Fixed
|
| 1-Year US Innovative Leaders 5 PTP Participation Rate |
Point to Point
Annual
|
175%
Participation
|
| 1-Year US Innovative Leaders 5 PTP Participation Rate |
Point to Point
Annual
|
140%
Participation
|
| 2-Year US Innovative Leaders 5 PTP Participation Rate |
Point to Point
Biennial
|
240%
Participation
|
| 2-Year US Innovative Leaders 5 PTP Participation Rate |
Point to Point
Biennial
|
185%
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
|
190%
Participation
|
| 2-Year BNPP Momentum 5 PTP Participation Rate |
Point to Point
Biennial
|
190%
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
|
7.3%
Cap
|
| 1-Year Russell 2000 PTP Cap |
Point to Point
Annual
|
9.6%
Cap
|
| 1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
6.25%
Cap
|
| 1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
8.55%
Cap
|
| 2-Year S&P 500 PTP Participation Rate |
Point to Point
Biennial
|
54%
Participation
|
| 2-Year S&P 500 PTP Participation Rate |
Point to Point
Biennial
|
68%
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 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) |
| Flexmark Select Plus Basic Income Rider | Yes |
Waivers
Terminal Illness
Unavailable in states: CA
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: CA, FL, and MA
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
Unavailable in states: CA, and MA
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
Unavailable in states: CA
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
- $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.*
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