Ameritas (Legacy Marketing Group) FlexMark Select LT Plus (FL Only)
Highlights
Please note this product is developed and marketed exclusively with Legacy Marketing Group.
Type
|
Fixed Index |
---|---|
Purpose | Lifetime Income |
Premium Bonus
|
4% |
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 Plus (FL Only) 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
|
4.15%
Fixed
|
1-Year BNPP Momentum 5 PTP Participation Rate |
Point to Point
Annual
|
170%
Participation
|
1-Year BNPP Momentum 5 PTP Participation Rate |
Point to Point
Annual
|
215%
Participation
|
2-Year BNPP Momentum 5 PTP Participation Rate |
Point to Point
Biennial
|
225%
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
|
7.15%
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
|
7.45%
Cap
|
1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
9.6%
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
|
1-Year US Innovative Leaders 5 PTP Participation Rate |
Point to Point
Annual
|
205%
Participation
|
1-Year US Innovative Leaders 5 PTP Participation Rate |
Point to Point
Annual
|
160%
Participation
|
2-Year US Innovative Leaders 5 PTP Participation Rate |
Point to Point
Biennial
|
270%
Participation
|
2-Year US Innovative Leaders 5 PTP Participation Rate |
Point to Point
Biennial
|
220%
Participation
|
1-Year Fixed Account |
Fixed
|
4.3%
Fixed
|
1-Year US Innovative Leaders 5 PTP Participation Rate |
Point to Point
Annual
|
210%
Participation
|
1-Year US Innovative Leaders 5 PTP Participation Rate |
Point to Point
Annual
|
170%
Participation
|
2-Year US Innovative Leaders 5 PTP Participation Rate |
Point to Point
Biennial
|
280%
Participation
|
2-Year US Innovative Leaders 5 PTP Participation Rate |
Point to Point
Biennial
|
225%
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
|
220%
Participation
|
2-Year BNPP Momentum 5 PTP Participation Rate |
Point to Point
Biennial
|
230%
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
|
7.3%
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
|
7.75%
Cap
|
1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
9.95%
Cap
|
2-Year S&P 500 PTP Participation Rate |
Point to Point
Biennial
|
59%
Participation
|
2-Year S&P 500 PTP Participation Rate |
Point to Point
Biennial
|
73%
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
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
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.
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