With single premium deferred annuities such as LibertyMark 7 Plus, you pay one lump-sum premium payment.
In exchange, you can receive a series of future payments.
Multiple payment options are available, including lifetime income options.
In contrast with life insurance, which generally provides financial protection against dying too early, LibertyMark 7 Plus annuity are retirement savings vehicles that can offer financial protection against living too long. Income payments and taxes are deferred.
You won’t need to pay taxes on the interest your annuity earns until you withdraw it.
Fixed indexed annuities can guarantee you a fixed rate of interest earnings.
They also offer interest crediting strategy choices that are based on the performance of a market index.
They do this while providing protection from loss.
LibertyMark 7 Plus fixed indexed annuities respond to the needs for higher growth potential, the security of a highly rated carrier, and guarantees that are among the strongest in the industry.
A range of interest crediting choices that respond to multiple market conditions makes LibertyMark 7 Plus a full-service allocation tool.
The Heritage Maximizer enhanced death benefit rider is available with non-bonus products.
Features and Benefits
Premium Bonus
To enhance your earnings, the LibertyMark 7 Plus annuity offers a premium bonus.
The premium bonus applies to your annuity to jump-start your earnings.
It becomes part of your Accumulation Value and is eligible to earn interest immediately.
LibertyMark 7 Plus Optimizer Fee
Strong guarantees, versatility, and accumulation potential are all made possible on LibertyMark 7 Plus fixed indexed annuities because the Liberty Optimizer administrative fee allows Americo Financial Life and Annuity Insurance Company to provide you a valuable combination of product features that would be difficult to find elsewhere:
- Higher declared rates and caps than would be available on a no-fee product allow for increased accumulation potential.
- A range of interest crediting strategies covering various markets delivers multiple diversification options, which allows you to respond to changing market conditions.
- An industry-leading Guaranteed Minimum Value of 1% on 100% of your premium* shields your hard-earned money from market-related loss.
Heritage Maximizer Enhanced Death Benefit Rider
The optional Heritage Maximizer enhanced death benefit rider, available with non-bonus versions of LibertyMark 7 Plus for an additional charge, provides a death benefit that is 130% of the entire Accumulation Value.
Life Insurance is also an inexpensive way to leave a death benefit for beneficiaries, tax-free.
Penalty-Free Withdrawals
LibertyMark 7 Plus is a long-term retirement product that will perform best when it is allowed to grow. However, life is unpredictable. Circumstances may arise that require you to access your Accumulation Value.
If the unexpected happens, or you need cash before the end of the annuity’s surrender charge period, rest assured. LibertyMark 7 Plus offers several different liquidity options for flexible access to your money.
Each contract year after the first, you may withdraw up to 10% of your Accumulation Value without incurring surrender charges.
Confinement Waiver
In most states, if after the contract date you become confined to a nursing home or hospital for at least 90 consecutive days, you may withdraw up to 100% of your Accumulation Value without incurring surrender charges.
Contract Duration
7-year contracts and 10-year contracts, both with premium bonus and non-premium bonus versions.
