Americo LibertyMark 15% Bonus Annuity
Americo LibertyMark 15% bonus annuity. Until recently, the state of Connecticut has given approval to very few bonus annuities. Equitrust had the largest bonus at 6%. Although, now there is a 13% bonus product in CT with the approval of the Americo LibertyMark annuity. (Please Note: The bonus is 15% in many other states). The product comes with both a 7 year term as well as a 10 year term version. This means that you would need to invest your money into the product for either 7 or 10 years before you could obtain the entire amount without a surrender charge. In addition to the 13% bonus, LibertyMark has one of the stronger interest crediting methods available with a 2 year S & P annual point to point at 80% or 60% participation. This depends on the option that you select.
Structures their bonuses in a unique manner. LibertyMark pays you the 13% bonus out at two different times. When yo make your initial deposit you will receive a credit of a 5% bonus. This means that the remaining 8% is credited at the end of year 10 on the total accumulation value of the product. As an example, assume someone puts $100,000 in the product and it grows to $180,000 at the end of year 10. The 8% bonus would be based off the $180,000 which would equal a bonus of $14,400.00 As with all fixed annuities, the principal investment is protected. This means that the return in a given year can not go below 0% even if the market is down.
Please contact us if you have questions or would like to learn more. You can either call our office at 203-796-5403 or email us at Edward@croweandassociates.com. We are here to help you with all your insurance or investment needs.