July 13, 2016
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LibertyMarkSM Commission Rates Changing July 29, 2016 |
We’ve heard from you, our valued distribution partners, about the
importance of maintaining the strong customer value proposition of
our LibertyMark fixed indexed annuities, and that doing so will require
change. So, to strike a balance in this challenging economic environment
between consumer value and compensation, we’ve made the difficult decision
to lower LibertyMark commission rates for all LibertyMark products and
all contract levels, effective July 29, 2016.
Even with this change, LibertyMark commissions are still highly competitive.
For example, GA-level commission on LibertyMark 10/SE 10 is 7%—up to age 80—and 6% ages 81–85.
Deadline for Higher Commission Rates
See below for an example of the GA schedule (for other contract levels, see
LegacyNet®
). For the higher commission rates, all pending applications,
transfers, and 1035 Exchanges must have premium received by Americo
on or before Thursday, July 28, 2016. After this date, the new commission
rates will apply.
We appreciate serving a distribution group that is so concerned about its
clients, and value your partnership and your business.
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GA Comp Rate
(premium received on or before 7/28/2016)
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GA Comp Rate
(premium received on or after 7/29/2016)
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Product |
0–80 |
81–85 |
0–80 |
81–85 |
LibertyMark 7, SE 7
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7.00%
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5.00% |
5.00% |
3.75% |
LibertyMark 10, SE 10 |
8.00 |
7.00
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7.00
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6.00
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LibertyMark 10 LT, SE 10 LT |
7.00
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5.50 |
6.00 |
4.75 |
LibertyMark 7 Plus, SE 7 Plus |
6.00 |
4.50 |
4.00 |
2.75 |
LibertyMark 10 Plus, SE 10 Plus |
7.00 |
NA |
6.00 |
NA |
LibertyMark 10 LT Plus, SE 10 LT Plus |
6.50 |
NA |
6.00 |
NA |
LibertyMark 10 LT Plus, SE 10 LT Plus (CT, PA, WA) |
6.25 |
NA |
6.00 |
NA |
LibertyMark 10 LT Plus, SE 10 LT Plus (FL) |
6.25 |
NA |
6.00 |
NA |
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Americo Mailing Address: |
Americo Overnight Address: |
Fax: 800-395-9261 |
P.O. Box 410288 |
300 W. 11th Street |
E-mail: submit@americo.com |
Kansas City, MO 64141-0288 |
Kansas City, MO 64105-1618 |
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For more information, call 800-395-1053, Ext. 4002, or visit www.legacynet.com. |
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LibertyMark 7, 10, 10 LT, SE 7, SE 10, SE 10 LT (Policy Series 411/4182),
LibertyMark 7 Plus, SE 7 Plus (Policy Series 411/4182/4191), and
LibertyMark 10 Plus, 10 LT Plus, SE 10 Plus, SE 10 LT Plus
(Policy Series 411/4179/4182/4184) 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. Some products and benefits may not be available in all
states. Certain restrictions and variations apply. Consult policy and
riders for all limitations and exclusions. Legacy Marketing Group® is an
independent, authorized agency of Americo.
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AF1177v0616 14-601-18 (07/16) |
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FOR AGENT USE ONLY. NOT FOR USE WITH CONSUMERS. |
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