LibertyMark Freedom Fixed Indexed Annuities Launch
May 17, 2022 by Legacy Marketing Group
PETALUMA, Calif.–(BUSINESS WIRE)–Legacy Marketing Group® today announced the launch of LibertyMark Freedom, the next generation of its top-selling FIA, issued by “A” rated* Americo Financial Life and Annuity Insurance Company.
As a pure accumulation powerhouse, LibertyMark Freedom offers growth potential with options when it comes to fees. It comes equipped with no-fee index options to provide clients control. However, clients looking to upgrade their earnings potential have the option to buy higher caps and participation rates.
Among its diverse selection of 14 index options—most uncapped with participation rate—LibertyMark Freedom features a strong, new index option built from the ground up. This proprietary index option, laser focused on high performance power, capitalizes on U.S. markets and offers low volatility.
This accumulation focus also drives LibertyMark Freedom’s optional enhanced death benefit rider, Heritage MaximizerSM, which is available for only 0.30% annually.** This simple-to-explain and easy-to-calculate add-on offers a 30% death benefit bonus on the full accumulation value.
For cautious consumers worried about a down market, LibertyMark Freedom comes stacked with Americo’s industry-leading downside protection guarantee of 1% on 100% of premium.†
“By partnering a strong focus on high performance with no mandatory fees and a completely reimagined index option, LibertyMark Freedom allows insurance professionals to sell with confidence, knowing their clients will be treated fairly and enjoy the option to choose their earnings potential,” said Preston Pitts, Legacy President. “That, coupled with an industry-leading 1% on 100% of premium guarantee and the strength of Americo, echoes what the field force has been asking for in an accumulation-focused FIA.”
LibertyMark Freedom is available in 39 states and the District of Columbia.
Legacy Marketing Group works with highly rated, well-respected insurance companies to design and market proprietary products that provide financial security to generations of Americans. These products are sold exclusively through the company’s nationwide network of Independent Marketing Organizations and insurance agents. With almost three decades of industry experience and a full-service, relationship-focused attitude, Legacy is a recognized leader in the independent Producer distribution channel. From its beginning in 1993, Legacy’s vision has been to create value for IMOs, agents, and consumers by providing unique and innovative products designed to help consumers reach their retirement goals. Legacy’s passion for innovation and service is a bedrock of the company.
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.††
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 States with over $37.1 billion of insurance in force and $8.8 billion in assets for year-end 2021.§
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LibertyMark Freedom Heritage Maximizer enhanced death benefit rider (Rider Series 2181). LibertyMark Freedom 7 Contract Forms ICC21 321-7, AAA321-7; LibertyMark Freedom 10, 10 LT Contract Forms ICC21 321-10, AAA321-10. 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. LibertyMark® Freedom is a registered service mark, and Heritage Maximizer is a service mark, of Legacy Marketing Group. |
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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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Available to issue ages 0–75. Not available in all states. |
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Available upon death, surrender, or annuitization, less any withdrawals, surrender charges, and applicable premium tax (premium tax does not apply in Oregon). Rate for contracts issued in 2022. |
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Americo Life, Inc. is a holding company and is not responsible for the financial condition or contractual obligations of its affiliate insurance companies. |
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Information is as of year-end 2021 on a consolidated basis for Americo and the other life insurance subsidiaries of Americo Life, Inc., unless otherwise indicated. Information is prepared on the basis of generally accepted accounting principles (GAAP). |
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Contacts
Jennaca M. Markoe
Communications Manager
Legacy Marketing Group
800-395-1053, Ext. 5808
jennaca.markoe@legacynet.com
