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December 27, 2022
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Americo Minimum Guarantee Increasing to 3% on 87.5% of Premium
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Effective with applications signed
on or after January 1, 2023,
the Guaranteed Minimum Value on
ClassicMark®
and LibertyMark®
Freedom fixed indexed annuities will be equal to 87.5% of premium,
minus any gross withdrawals and applicable premium tax,
plus interest credited at the Guaranteed Minimum Value Interest Rate (GMVIR).
The GMVIR, which can range from 0.15% to 3%,
depending on the state, will be 3%, subject to change quarterly.
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In addition, on all ClassicMark products, the minimum guaranteed annual interest rate for the Declared Interest Option will change from 1% to 0.15% and annuitization factors will change, effective with applications signed on or after January 1, 2023.
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These changes are not yet effective in SD.
Click here for minimum guarantee information applicable in SD.
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With a Guaranteed Minimum Value of 3% on 87.5% of premium,
in a worst-case scenario,
upon full surrender, death, or annuitization,
ClassicMark and LibertyMark Freedom provide a 17.59% return after 10 years,
assuming no withdrawals.
This strong minimum guarantee is just one of the many client-friendly benefits offered by these Americo FIAs.
There’s also:
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No mandatory product fees.
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Strong earnings potential driven by a diverse selection of index strategies.
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Optional enhanced death benefit rider with a 30% bonus.*
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No MVA.
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Backing of “A” rated Americo Financial Life and Annuity Insurance Company.**
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Product Changes—Due to regulatory product filings,
the following changes will apply, with the exclusion of SD and ND,
effective with applications signed on or after January 1, 2023.
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The upfront premium bonus on ClassicMark 10 Plus will temporarily be 3%.
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Every state will get the “lite” surrender charges
for a limited time,
except as noted below for ClassicMark in MO, MT, and VA. In states where ClassicMark 10 and 10 Plus or LibertyMark Freedom 10 and 10 Plus are approved, the more advantageous 10 LT and 10 LT Plus surrender schedules will apply.
NOTE:
These temporary changes to surrender charges will not be reflected in marketing materials and illustrations.
To see illustrated values that reflect the temporary surrender charges,
please be sure to run an illustration in a state
that offers 10 LT or 10 LT Plus product versions.
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In MO, MT, and VA, ClassicMark 10 and 10 Plus will be
replaced by ClassicMark 10 LT and 10 LT Plus.
As a result,
surrender charges and commission in these states will be moving to the “lite” schedule.
Additionally, a 3% upfront premium bonus will apply on ClassicMark 10 LT Plus.
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In IN, the age breaks for surrender charges on ClassicMark 10 will be
0–85 and 86–90.
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| IMPORTANT INFORMATION |
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Deadline to receive ClassicMark and LibertyMark Freedom FIAs with 1% on 100% minimum guarantee.
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Applications must be signed in 2022 and received by Americo’s administrative office
on or before 5 p.m., Central time, Friday, January 13, 2023.
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NOTE: Applications signed on and after January 1, 2023—or signed in 2022 and received by Americo after January 13, 2023—will receive the updated product.
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Updated Disclosure Document
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An updated annuity disclosure document will be available January 1, 2023, on
FireLight® and is
required for applications signed on and after January 1, 2023.
Avoid new business and commission delays by ensuring the most current forms,
including the updated disclosure document, are used,
and please discard any older versions you may have.
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| Submit applications, via: |
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FireLight®
e-app platform (preferred method): Access through the
LegacyNet®
Point-of-Sale Materials page.
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Regular mail: Americo, P.O. Box 410288, Kansas City, MO 64141-0288.
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Overnight delivery: Americo, 300 W. 11th Street,
Kansas City, MO 64105-1618.
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Fax: 800-395-9261.
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E-mail: submit@americo.com.
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For sales tips and more information, call the Sales Team at 800-395-1053, Ext. 4002.
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| We appreciate your business! |
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ClassicMark Forms:
Series 411, 4204, 2181. AAA411 LG10 (12/22), AAA411 LG86+ (12/22),
AAA411 LG10B (12/22), AAA4204, AAA2181;
ICC22 411 LG10, ICC22 411 LG86+, ICC22 411 LG10B, ICC19 4204.
LibertyMark Freedom Forms:
Series 321-7 (12/22), 321-10 (12/22), 321-10B (12/22), 2509, 2181. AAA321-7 (12/22),
AAA321-10 (12/22); AAA321-10B (12/22), AAA2509 PTPP (02/22), AAA2509 PTPP WF (02/22),
AAA2509 PTPC (02/22), AAA2509 PTPC WF (02/22), AAA2181; ICC22 321-7,
ICC22 321-10, ICC22 321-10B (12/22), ICC22 2509 PTPP,
ICC22 2509 PTPP WF, ICC22 2509 PTPC, ICC22 2509 PTPC WF.
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. ClassicMark
and LibertyMark®
Freedom are registered service marks, and Heritage Maximizer
is a service mark, of Legacy Marketing Group.
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The Heritage Maximizer enhanced death benefit rider is available for a 0.30% annual charge to issue ages 0–75.
The benefit becomes eligible for payout three years after the rider effective date.
Additional restrictions apply.
Not available on all products or in all states.
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Rating for Americo Financial Life and Annuity Insurance Company (Americo), October 2021.
Americo Financial Life and Annuity Insurance Company has a financial strength rating of
A (Excellent, 3rd out of 15 rating categories).
AM Best’s rating is assigned after a comprehensive quantitative and qualitative
evaluation of a company’s balance sheet strength,
operating performance, and business profile.
AM Best uses a scale of 15 ratings, ranging from
“A++” to “F.”
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AF1609v1222
22-800-17 (12/22)
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FOR AGENT USE ONLY. NOT FOR USE WITH CONSUMERS. |
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