Press Releases

December 7, 2017—Petaluma, CA

Legacy Marketing Group® Introduces the Reliable Living Plantm
A reliable tax-free* solution to help consumers confidently cover the costs of long-term care.

Legacy Marketing Group® is excited to introduce the Reliable Living Plantm, a unique alternative to traditional long-term care (LTC) insurance, underwritten by Americo Financial Life and Annuity Insurance Company.

The Reliable Living Plantm is single-premium LTC insurance for those age 65 or older who are either unable to perform at least two of six activities of daily living (such as bathing or dressing) or experiencing severe cognitive impairment. With no pre-existing health exclusions or maximum age restrictions, the Reliable Living Plantm helps provide certainty to those who are paying for their own care or the care of an impaired family member.

The first of its kind in the market, the Reliable Living Plantm meets an immediate need for consumers who are typically too old or too ill to qualify for traditional LTC insurance.

“There is a long-term care crisis in America,” said Preston Pitts, Legacy President. “For consumers who are paying their own LTC expenses, or the expenses of a family member, and want to maintain choice and control, the Reliable Living Plantm can provide a great sense of relief. They will no longer be dealing with the uncertainty of where that money will come from. The Reliable Living Plantm is designed to give these consumers the ability to convert a single premium payment into a lifetime benefit stream to help pay for care, subject to annual certification of impairment.”

Reliable Living Plantm benefits are free from federal income tax* as long as they are used to pay for actual dollar amounts of qualified LTC expenses or do not exceed federal limits. These expenses can include home health care, adult day care, assisted living, nursing home, or memory care. Funding sources such as 1035 transfers from non-qualified annuities or cash value life insurance can be used.

“For those already impacted by the hardships of long-term care, the Reliable Living Plantm can help them do proper planning and preserve assets while providing a guaranteed benefit stream for as long as the insured requires care,” Pitts said.

This new product is offered solely to Producers who are contracted with Americo through Legacy. It is currently available in 32 states.

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:

John Abbott, Marketing and Communications Leader, 800-395-1053, Ext. 6930
john.abbott@legacynet.com

The Reliable Living Plantm single premium immediate long-term care insurance policy (Series 600) is underwritten by Americo Financial Life and Annuity Insurance Company, Kansas City, MO, and may vary in accordance with state laws. Product distributed by Legacy Marketing Group®. Product and benefits may not be available in all states. Certain restrictions and variations apply. Policy and rider have limitations and exclusions. For costs and complete details of coverage, call the company. Legacy Marketing Group® is an independent, authorized agency of Americo.
* The Reliable Living Plantm is intended to be a federally tax-qualified long-term care insurance contract under section 7702B (b) of the Internal Revenue Code of 1986, as amended. Under current IRS rules, benefit amounts that are in excess of the greater of (1) the stated per diem dollar amount allowable under section 7702B or (2) the actual dollar amount of qualified long-term care expenses, are taxable.
AF1247v1017
17-600-6 (10/17)
       

September 19, 2017—Petaluma, CA

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

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:

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        

January 18, 2017—Petaluma, CA

Legacy Marketing Group® Joins Forces With Two New Carriers—Ameritas and American Equity

Legacy Marketing Group today announced two new strategic alliances that will significantly broaden its product offerings and bring more benefits to consumers looking for innovative ways to reach their retirement goals. The move will give independent marketing organizations (IMOs) associated with Legacy and their Producers access to an even wider variety of annuity products designed to meet virtually any client need.

“We are very excited to formalize these relationships with two of the most respected and dynamic organizations in the industry,” said Preston Pitts, Legacy President. “We are confident that the quality and diversity of our product portfolio will give the IMOs we work with a strong, unique platform to recruit and retain Producers, and that those Producers will be better positioned to help their clients plan for retirement.”

Ameritas and Legacy will introduce a new custom-designed proprietary fixed indexed annuity series that offers remarkable choice, flexibility, and growth potential for consumers. The new series, called FlexMark Selectsm, empowers consumers to design their own retirement path through the use of diverse crediting options, including a proprietary index, and income rider choices.

“Ameritas’ new alliance with Legacy is a great opportunity for us to gain access to Legacy’s proven marketing and distribution network,” said Tim Stonehocker, Executive Vice President - Individual, AIC and Retirement Plans. “In today’s competitive landscape, consumers are looking for annuities with options that balance performance, growth, guarantees, and flexibility. The product we've developed with Legacy meets all of those requirements and more.”

American Equity and Legacy will join forces to provide American Equity’s exceptional lineup of annuity products to Legacy’s nationwide distribution network. These products will allow Producers to provide a bigger array of products to consumers.

“Our new alliance with Legacy will enable us to showcase our products to a broader audience of Producers and consumers,” said Ron Grensteiner, President, American Equity Investment Life Insurance Company. “For nearly 25 years, Legacy has demonstrated its expertise in developing and distributing fixed indexed annuities, and we are very pleased to work with them. We each have a desire for growth and innovation, and this alliance will allow us to accomplish both.”

Moving forward, Legacy will continue to look for opportunities to bring flexible, consumer-friendly products to the market. “The relationships that we have forged over the years with our carriers and our IMOs have driven our mutual success,” said Niju Vaswani, Legacy Chief Marketing Officer. “That has given us a tremendous edge in innovative product ideas, business-building programs, and service improvements for consumers.”

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:

John Abbott, Marketing and Communications Leader, 800-395-1053, Ext. 6930
john.abbott@legacynet.com

LMG4031v0117   FOR AGENT USE ONLY. NOT FOR USE WITH CONSUMERS.    


March 14, 2016—Petaluma, CA

Heritage MaximizerSM Enhanced Death Benefit Rider Option Boosts LibertyMarkSM Value by 30%

Legacy Marketing Group® is excited to announce the availability of the new Heritage Maximizer enhanced death benefit rider. The consumer-friendly rider boosts the annuity death benefit by 30% after contract Year 3, allowing consumers to leave their loved ones a substantial financial legacy.

Available as an option with LibertyMark non-bonus fixed indexed annuities issued by Americo Financial Life and Annuity Insurance Company, Heritage Maximizer provides a death benefit equal to 130% of the LibertyMark account value at death.

“The Heritage Maximizer helps clients reach their objectives without the need for underwriting,” explained Legacy Chief Marketing Officer Niju Vaswani. “Unlike other death benefit riders that base the benefit only on the growth portion of the annuity, Heritage Maximizer can enhance a client’s legacy by 30% of the entire annuity account value,” he said.

If, for example, the annuity's account value grows from $100,000 to $150,000 at death, the Heritage Maximizer death benefit would be $195,000–or $45,000 more than beneficiaries would receive without the rider.

For an annual charge of 0.30%, Heritage Maximizer provides great value for consumers seeking to leave their annuity proceeds to loved ones. The rider is available in 35 states, including California, Florida, and Texas.

The LibertyMark Series and Heritage Maximizer rider are offered exclusively through agents contracted with Legacy.

About Legacy Marketing Group®

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

Media Contact:

Legacy Marketing Group®

Diane Shemi, Director of Marketing, 800-395-1053, Ext. 5838

diane.shemi@legacynet.com

LibertyMark Heritage Maximizer enhanced death benefit rider (Policy Series 2180) and LibertyMark 7, 10, 10 LT, SE 7, SE 10, SE 10 LT (Policy Series 411/4182) single premium deferred fixed indexed annuities are 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.
Heritage Maximizer is not life insurance. Benefits may have tax consequences. Neither Americo Financial Life and Annuity Insurance Company nor any agent representing Americo Financial Life and Annuity Insurance Company is authorized to give legal or tax advice. Please consult a qualified professional regarding the information and concepts contained in this material. Not available in all states. Call 800-395-1053, Ext. 4002, for state availability.
AF1162v0216
14-600-76 (03/16)
 

June 30, 2015—Petaluma, CA

Niju Vaswani Joins Legacy Marketing Group® as Chief Marketing Officer

Legacy Marketing Group is excited to announce the return of Niju Vaswani as the company’s Chief Marketing Officer. Niju, an insurance industry leader with field and corporate development expertise, will be responsible for the strategic direction of Legacy’s sales and marketing areas, including management of the sales and marketing teams, promotion of the company’s products and services, and development of new lines of business.

“We are extremely excited about Niju joining the Legacy team. His extensive industry experience will further our position as a leader in the independent distribution channel and bring a new creative dynamic, allowing us to expand our offerings for future growth. I'm confident that with Niju’s leadership, we’ll be positioned to capitalize on industry changes, while responding to the needs of our IMOs and their Producers,” said Preston Pitts, Legacy President.

Before returning to Legacy, Niju founded and was president of The AltiSure Group, an annuity and life insurance product design and distribution company. Prior to founding AltiSure, Niju held several high-ranking leadership roles at Transamerica—as Chief Executive Officer and Managing Director of Transamerica Life Bermuda Ltd., and as President, International, Transamerica Insurance and Investment Group.

“Legacy Marketing Group is an innovative and progressive company, with years of experience in the independent Producer, Marketer, and IMO world. The company’s expertise in product design and distribution is unparalleled in the industry. Given my background and interests, I am excited to lead the marketing efforts at Legacy—once again. I look forward to working with all the wonderful colleagues there to take the organization to new heights,” said Niju.

Niju was with Legacy from 1998 to 2005, during which time he led the sales and marketing teams responsible for market research, as well as sales and distribution. He cut his teeth in the insurance business in an executive training program at MetLife. Having spent several years in field sales at MetLife, Niju joined Manulife Financial to focus his energy on working with high-net-worth individuals.

An insurance industry leader with a unique blend of field and home office experience, Niju is passionate about product design and development as well as distribution. He is driven by a desire to create a synergistic organization serving IMOs.

About Legacy Marketing Group®

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

Media Contact:

Legacy Marketing Group®

Diane Shemi, Director of Marketing, 800-395-1053, Ext. 5838

diane.shemi@legacynet.com

LMG3779v0615  

April 7, 2014—Petaluma, CA

Legacy Announces Strategic Partnership With AMERICO
First joint FIA series features diverse strategies and dual bonus for substantial growth opportunities

Legacy Marketing Group® today announced a strategic alliance with Americo Financial Life and Annuity Insurance Company (Americo) to develop and market proprietary fixed indexed annuity products. “Americo is innovative and committed to partnering with us to focus on growing independent distribution,” said Preston Pitts, Legacy President.

The partnership will allow Legacy and Americo, which is rated “A-” by A.M. Best, to combine their expertise in bringing innovative products to the market. “We are excited to be working with such a recognized leader in the independent product distribution channel. We believe the LibertyMarkSM Series will be just the first of many innovative annuity products that Legacy and Americo will bring to the marketplace,” said Phil Polkinghorn, Americo President.

Designed to provide consumers with an opportunity for substantial returns in multiple economic conditions, LibertyMark offers the built-in diversity of seven indexed interest crediting choices, most with uncapped potential. Consumers benefit from the performance of four market segments, which include equity indices as well real estate and gold. A fixed rate strategy is also available.

Consumers can choose a 7- or 10-year product, with an optional dual bonus on the 10-year product (5% upfront plus 10% on the Accumulation Value at the end of Year 10; the persistency bonus is 8% in lower-surrender-charge states). LibertyMark features a strong minimum guarantee of 1% to 3% on 100% of premium received, less any surrender charges. Agents are rewarded with up to 7% GA commission on the 7-year product and up to 8% on the 10-year products.

LibertyMark single premium FIAs are offered exclusively through agents contracted with Legacy and are currently available in most states.

About Legacy Marketing Group®

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

Media Contact:

Legacy Marketing Group®

Diane Shemi, Director of Marketing, 800-395-1053, Ext. 5838

diane.shemi@legacynet.com

About Americo

For more than 100 years, Americo Life, Inc.’s family of insurance companies has been committed to providing the life insurance and annuity products consumers need to protect their mortgage, family, and future.1

They listen to what the consumer wants from an insurance policy or annuity and do their best to provide a proper solution for individual situations.

Innovative thinking has helped Americo Life, Inc. build a strong financial foundation for its business. Americo Financial Life and Annuity Insurance Company (Americo) is the lead company in one of the largest, independent, privately held insurance groups in the United States2 with more than $32.7 billion of life insurance in force and $6 billion in assets for year-end 2013.3

Rating for Americo Financial Life and Annuity Insurance Company (Americo), 2014. Americo Financial Life and Annuity Insurance Company has a financial strength rating of A- (Excellent, 4th 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.”
LibertyMark 7, LibertyMark 10, 10 LT (Policy Series 411/4182), and LibertyMark 10 Plus, 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. Products are distributed by Legacy Marketing Group®. 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.
Americo Financial Life and Annuity Insurance Company is authorized to conduct business in the District of Columbia and all states except NY and VT.
1.Americo Life, Inc. is a holding company and is not responsible for the financial condition or contractual obligations of its affiliate insurance companies.
2.“Admitted Assets, Top Life Writers-2013,” A.M. Best Co. as of July 2013.
3.Information is as of year-end 2013 on a consolidated basis for Americo Financial Life and Annuity Insurance Company and the other life insurance subsidiaries of Americo Life, Inc. Information is prepared on the basis of generally accepted accounting principles (GAAP).
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Media Contact:   John Abbott
 Marketing Communications Manager
 Telephone 707-778-8638, Ext. 6930
 E-mail John.Abbott@legacynet.com

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