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  • Legacy Launches FlexMark Select Series Of Annuities

    September 19, 2017 by Legacy Marketing Group

    For Immediate Release

    LEGACY LAUNCHES FLEXMARK SELECT SERIES OF ANNUITIES
    Upgraded earnings and income opportunities plus flexible liquidity—all bundled into a single FIA.

    PETALUMA, CA, September 19, 2017—Legacy Marketing Group® is excited to announce the launch of FlexMark SelectSM Series single premium deferred index annuities, its newest custom-designed proprietary FIA series. Developed with “A” rated Ameritas Life Insurance Corp.,* FlexMark Select is designed for consumers seeking more choice, control, and flexibility, and offers opportunities for upgraded earnings potential, upgraded income riders, and up to 20% liquidity potential.

    “This product series is designed to give Producers the ability to work together with their clients to customize their FIA to meet their needs,” said Legacy President, Preston Pitts. “With FlexMark Select, consumers have the power to experience retirement their way.”

    Consumers looking for greater earnings potential can receive higher caps and participation rates for a fee, move from a “standard” to “upgraded” rate band once their accumulation value reaches $200,000 or more, and select from interest crediting strategies that include two no-cap participation rate strategies based on a multi-asset proprietary index. “With this structure, consumers have the flexibility to get more for their money,” added Mr. Pitts.

    This strong growth potential coupled with multiple income options that include a no-cost and an upgraded income rider (for fee)** provides powerful income opportunities. With an upgraded rider, consumers have their choice of payout options, including a lifestyle payout that provides higher initial income, and an optional income doubler for qualifying health conditions.

    Consumers concerned about life’s emergencies have multiple ways to access their money, penalty free, including one-time extra emergency access starting the second year and waivers for declining health.† FlexMark Select is available with or without a premium bonus.

    This new product series is offered exclusively through agents contracted with Legacy and is currently available in 28 states and the District of Columbia, with more state approvals coming.

    About Legacy Marketing Group

    Legacy Marketing Group works with respected insurance companies to design and market proprietary fixed indexed annuity products for the U.S. market. These products are sold exclusively through Legacy’s nationwide network of independent insurance agents.

    Media Contact:
    Legacy Marketing Group
    John Abbott, Marketing and Communications Leader, 800-395-1053, Ext. 6930
    john.abbott@legacynet.com

    In approved states, FlexMark Select Index Annuities (Form 2705), MyFit Income RiderSM (Form GLWB-T), and MyFit Income Rider With Booster (Form GLWB-IB) are issued by Ameritas Life Insurance Corp. (Ameritas), located at 5900 O Street, Lincoln, NE 68510. Products are distributed by Legacy Marketing Group. Ameritas and Legacy Marketing Group are separate, independent entities. FlexMark Select Index Annuities are single premium deferred annuities that offer a fixed interest option and index interest options. The index options are not securities. Keep in mind, you are not participating in the market or investing in any stock or bond. Policies, index strategies, and riders may vary and may not be available in all states. Optional features and riders may have limitations, restrictions, and additional charges. Refer to brochures for additional details.

    Withdrawals may be subject to income tax. If withdrawals are made before age 59½, they also may be subject to an IRS penalty tax. Ameritas, Legacy Marketing Group, and their authorized representatives do not give legal or tax advice. It is recommended that tax advisers be consulted.

    Product guarantees are based on the claims-paying ability of Ameritas Life Insurance Corp. Unless otherwise specified, any person or entity referenced herein is not an affiliate of Ameritas or any of its affiliates.

    * A (Excellent) for financial strength and operating performance by A.M. Best, the third highest of 15 ratings. Rating as of 6/15/2017. Ameritas Mutual Holding Company’s ratings include Ameritas Life Insurance Corp. and Ameritas Life Insurance Corp. of New York.
    ** Available for an annual charge of 0.95% for the MyFit Income Rider and 1.05% for the MyFit Income Rider With Booster. Guaranteed Lifetime Withdrawal Benefit (GLWB) riders, or income riders, may not be available with certain tax-qualified plan types, may vary by state, and may not be available in all states.
    † Withdrawals of policy earnings are taxable and, if taken prior to age 59½, a 10% penalty tax may also apply. Waiver of surrender charge riders may not be available in all states, and qualifying factors may vary by state.

    AL1042v0817

    Originally Posted at InsuranceNewsNet News Release on September 2017 by Legacy Marketing Group.

    Categories: Industry Articles
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