PETALUMA, CA, March 5, 2018—Legacy Marketing Group® is excited to announce the launch of ClassicMark℠ single premium fixed indexed annuities, its newest custom-designed exclusive FIA series. Underwritten by “A” rated* Americo Financial Life and Annuity Insurance Company, ClassicMark℠ combines the strength and simplicity of FIAs from years past with the modern innovation and opportunity of today’s products.
“In today’s complicated, fast-paced world, Producers are looking for strong consumer value that’s easy to explain and easy for consumers to understand,” said Legacy President Preston Pitts. “ClassicMark℠ was designed with that in mind. It offers consumers a secure, straightforward way to grow their assets and the protection of powerful guarantees while still providing the outstanding growth potential of today’s retirement products.”
ClassicMark℠ simplifies the client conversation with an optional upfront premium bonus that vests 100% on day one and 10% annual penalty-free access, available after just 30 days. It also offers the protection of a 1% on 100% guarantee over the life of the contract**—one of the strongest in the industry.
For consumers looking for greater earnings potential, ClassicMark℠ offers a diverse range of interest crediting strategies including multiple uncapped participation rate strategies, two of which are based on a proprietary index from Morgan Stanley, one of the most respected names in the financial services industry. The product is also available with the optional Heritage Maximizer℠ enhanced death benefit rider† that pays 130% of the Accumulation Value.
Four 10-year product versions are available, with or without bonus: ClassicMark℠ 10; ClassicMark℠ 10 Plus with 4% upfront bonus; ClassicMark℠ 10 LT in lower surrender charge states; and ClassicMark℠ 10 LT Plus with 3% upfront bonus in lower surrender charge states.
This new product series is offered exclusively through agents contracted with Legacy and Americo and is currently available in 44 states and the District of Columbia.
Legacy Marketing Group® works with respected insurance companies to design and market exclusive products for the U.S. market. These products are sold exclusively through Legacy’s nationwide network of independent insurance agents.
Legacy Marketing Group®
John Abbott, Marketing and Communications Leader, 800-395-1053, Ext. 6930
ClassicMarkSM Heritage MaximizerSM enhanced death benefit rider (Rider Series 2181). ClassicMarkSM 10, 10 LT (Contract Series 411/411LG10/4190/4204); ClassicMarkSM 10 Plus, 10 LT Plus (Contract Series 411/411LG10+/4179/4190/4204). Products are single premium deferred fixed indexed annuities underwritten by Americo Financial Life and Annuity Insurance Company (Americo), Kansas City, MO, and may vary in accordance with state laws. Products are designed and exclusively marketed by Legacy Marketing Group®, an independent, authorized agency of Americo. Some products and benefits may not be available in all states. Certain restrictions and variations apply. Consult contract and riders for all limitations and exclusions.
Withdrawals may be subject to ordinary income tax, and a 10% IRS penalty may apply to withdrawals taken before age 59½.
* Rating for Americo Financial Life and Annuity Insurance Company (Americo), July 2017. Americo Financial Life and Annuity Insurance Company has a financial strength rating of A (Excellent, 3rd out of 15 rating categories). A.M. Best’s rating is assigned after a comprehensive quantitative and qualitative evaluation of a company’s balance sheet strength, operating performance, and business profile. A.M. Best uses a scale of 15 ratings, ranging from “A++” to “F.”
** Available upon death, surrender, or annuitization, less surrender charges.
† Available to ages 0–75 for a 0.30% annual charge. Benefits become available three years after the rider effective date. Additional restrictions apply. Not available in all states. See State Approval Matrix.
18-600-13 (02/18) FOR AGENT USE ONLY. NOT FOR USE WITH CONSUMERS.