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December 11, 2023
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| S&P 500® IQ Index Options Coming to Americo FIAs in 15 More States!
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Help clients capitalize on an index that’s structured to provide dynamic exposure to the S&P 500 with new S&P 500 IQ Index* options, coming to ClassicMark® and LibertyMark Freedom® fixed indexed annuities December 18, 2023, in these states:
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| Delaware, Georgia, Iowa, Idaho, Illinois, Maryland, Massachusetts, Minnesota, New Jersey, North Dakota, Oklahoma, Oregon, Rhode Island, Vermont, and Wyoming!
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With only S&P 500 and cash components, the S&P 500 IQ Index employs a simple, transparent design. It uses an intraday methodology that helps reduce lag time, allowing for potentially greater precision and responsiveness in volatility management. This responsive design may allow for higher caps and participation rates and improved renewal rate stability. One-year point-to-point versions of the index option with cap or participation rate will be offered.
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| Built by S&P Dow Jones Indices, a name you can trust, and proudly offered on Legacy-exclusive FIAs from “A” rated** Americo Financial Life and Annuity Insurance Company, the new S&P 500 IQ Index provides you with a fantastic new selling proposition for clients!
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Although new product training is not required to sell ClassicMark and LibertyMark Freedom with the new S&P 500 IQ Index option, Producers are encouraged to review the ClassicMark and LibertyMark Freedom sales guides for details on the new index.
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Additional New ClassicMark Index Option—More good news!
In addition to the new S&P 500 IQ Index option,
starting December 18, 2023, ClassicMark FIAs in the above 15 states will offer the one- and two-year versions of the SG Lead Asset Select Exposure Rotation Index (SG Laser Index) index option with participation rate.
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| Discontinued Index Options on ClassicMark and LibertyMark Freedom |
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To make room for the new index options,
the following index options will close to new sales in the above 15 states,
effective with applications signed on or after Friday, December 15, 2023.
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The One- and Two-Year Morgan Stanley Target Equity Balanced Index (TEBI) Point-to-Point With Participation Rate index options will be discontinued on ClassicMark.
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The One-Year S&P 500 Index Point-to-Point With Participation Rate index option will be discontinued on LibertyMark Freedom.
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| IMPORTANT DEADLINE INFORMATION |
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Discontinued Index Option Deadline:
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To offer the One- or Two-Year Morgan Stanley TEBI Point-to-Point With Participation Rate with ClassicMark, or the One-Year S&P 500 Point-to-Point With Participation Rate with LibertyMark Freedom,
applications must be received by Americo by 5 p.m., Central, Friday, December 15, 2023.
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Updated Disclosures:
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Updated annuity disclosure forms will be available on
FireLight®
starting Monday, December 18, 2023, and must be included with new business submitted on and after Monday, December 18, 2023. Avoid new business and commission delays by ensuring the new disclosures are used, and please discard any older versions you may have.
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Avoid new business and commission delays by using our
FireLight e-app platform
to submit applications and ensure the most current forms, including the updated disclosure document, are used.
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FireLight®
e-app platform: Access through the
LegacyNet®
Point-of-Sale Materials page.
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Regular mail: Americo, PO 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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Email: submit@americo.com.
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For more information,
call the
Legacy Marketing Group®
Sales Team at 800‑395‑1053, Ext. 4002.
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ClassicMark Forms:
Series 411, 4204, 2181. AAA411 LG10 (12/22), AAA411 LG10 DP (06/23), AAA411 LG86+ (12/22), AAA411 LG86+ DP (06/23),
AAA411 LG10B (12/22), AAA411 LG10B DP (06/23), 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);
AAA321-10 DP (06/23), AAA321-10B (12/22), AAA321-10B DP (06/23), 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 of Legacy Marketing Group.
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The “S&P 500®”
and “S&P 500 IQ 0.5% Decrement Index” (“S&P 500 IQ Index” or the “Index”) are products of S&P
Dow Jones Indices LLC or its affiliates (“SPDJI”) and have been licensed for use by Americo Financial Life and Annuity Insurance Company.
S&P®,
S&P 500®,
US 500, The 500, iBoxx®,
iTraxx® and
CDX®
are trademarks of S&P Global, Inc. or its affiliates (“S&P”);
Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”). Americo’s Fixed Indexed Annuities are not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, S&P, their respective affiliates, and none of such parties make any representation regarding the advisability of investing in such product(s) nor do they have any liability for any errors, omissions, or interruptions of the S&P 500® and S&P 500 IQ Index.
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The SG Lead Asset Select Exposure Rotation Index (“Index”)
is the exclusive property of SG Americas Securities, LLC (together with its affiliates, “SG”).
SG has contracted with S&P Opco, LLC (a subsidiary of S&P Dow Jones Indices LLC) (“S&P”)
to maintain and calculate the Index. “SG Americas Securities, LLC”, “SGAS”,
“Société Générale”, “SG”,
“Société Générale Indices”, “SGI”, and “Lead Asset Select Exposure Rotation Index”
(collectively, the “SG Marks”) are trademarks or service marks of SG. SG has licensed use of the Index
and the SG Marks to Americo Financial Life and Annuity Insurance Company (“Americo”) for use in
fixed indexed annuities. Neither SG, S&P, nor any other third-party licensor has been authorized to act as an agent
of Americo or has in any way sponsored, endorsed, sold, promoted, structured or priced any fixed indexed annuity
or provided investment advice to Americo. Such parties make no representation regarding the advisability of purchasing,
selling, or holding product linked to the Index, including Fixed Indexed Annuity, and shall not be
liable for any related loss or payment thereof. Obligations to make payments under the fixed indexed annuities are solely the obligation of Americo.
Neither Americo nor SG are obligated to invest annuity payments in the components of the Index.
The Index levels are net of a 0.50% annual maintenance fee, calculated and deducted daily.
The Index also deducts fees to cover rebalancing, replication, and other costs.
The total amount of these fees is unpredictable and depends on a number of factors.
These fees and costs, which are increased by the Index’s leverage,
will reduce the potential positive change in the Index and increase the potential negative change in the Index.
While the volatility control applied by the Index may result in less fluctuation in rates of
return as compared to indices without volatility controls, it may also reduce the
overall rate of return as compared to products not subject to volatility controls. Additional information is available at
https://sg-lead-asset-select-exposure-rotation-index.com/.
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| The Target Equity Balanced Index (the “Index”) is the exclusive property of Morgan Stanley. This product is not sponsored, endorsed, sold or promoted by Morgan Stanley or any of its affiliates. Neither Morgan Stanley nor any other party (including, without limitation, any calculation agents or data providers) makes any representation or warranty, express or implied, regarding the advisability of purchasing this product. Morgan Stanley and the Index are service marks of Morgan Stanley and have been licensed for use for certain purposes by Americo Financial Life and Annuity Insurance Company. Morgan Stanley will not have any obligation or liability to owners of this product in connection with the administration or marketing of this product, and neither Morgan Stanley nor any other party guarantees the accuracy and/or the completeness of the Index or any data included therein. Morgan Stanley and its affiliates may engage in transactions involving components of the Index for their proprietary accounts and/or for accounts of their clients, which may affect the value of such components and the level of the Index.
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The S&P 500 IQ Index is also known as the S&P 500 IQ 0.5% Decrement Index.
Decrement indices are used to provide more stabilized index pricing.
In exchange for this benefit, published index values are net of a fixed fee,
which is 0.5% on the S&P 500 IQ 0.5% Decrement Index.
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| ** |
Rating for Americo Financial Life and Annuity Insurance Company (Americo), September 2022.
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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AF1653v1123
22-800-32 (11/23) |
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FOR AGENT USE ONLY. NOT FOR USE WITH CONSUMERS. |
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