Legacy Marketing Group and Malibu Life launch two indexed annuities

Legacy Marketing Group has partnered with Malibu Life to launch two fixed indexed annuities, PillarMark and SpireMark, issued by Texas-based TruSpire Retirement Insurance Company.

PillarMark, offered with the MultiRider rider, provides lifetime income after a 10-year waiting period or at age 85, whichever comes first. SpireMark, offered with MultiRider Max, allows customers to begin income earlier.

Both products include a benefit base bonus, lifetime income features and an enhanced death benefit. The benefit base used to calculate income and other benefits can grow based on interest credited to the annuity, with potential increases before and after income payments begin.

Customers can choose from 10 allocation options, including a fixed account and options linked to the Bloomberg Bitcoin US 100 10% Index, Nasdaq-100 HiCap Index and Solactive Nasdaq-100 DART 10% Index. Preset allocation packages offer combinations ranging from conservative to aggressive and may provide higher rates and caps than individually selected options.

The products are designed and exclusively marketed by Legacy through its network of independent marketing organizations and insurance agents. The partnership expands Legacy’s carrier relationships and supports Malibu Life’s focus on the retail annuity market through independent distribution.

TruSpire is licensed in 43 states and Washington, D.C. Product availability and features vary by state.