Fixed annuity review and rates

Single Premium Deferred Annuity

This is a Single Premium Deferred Annuity contract, which is a long-term contract. Additional premiums may not be added in the future. You choose the guaranteed rate period that is best for you. This period begins on the date of issue and ends on the last day of the chosen period.

Death Benefits
Death Benefits are equal to the account value upon death of the owner.
If the owner's spouse is the sole beneficiary, the spouse may continue the policy in his or her own name.

No Sales Charges or Fees
There are no annual maintenance fees and no front-end sales loads.

Market Value Adjustment
When you make a withdrawal, we also may increase or decrease the amount you receive based on a market value adjustment (MVA). If interest rates went up after you bought your annuity, the MVA likely will decrease the amount you receive. If interest rates went down, the MVA will likely increase the amount you receive.

Exceptions to Surrender Charges & MVA 
  • You may withdraw 100% of your accumulated interest and RMD free of all charges at any time. 
  • You may withdraw 10% of the account value each year (including any accumulated interest amount) free of surrender charges. MVA calculation will apply. This exception may not apply if you selected the Free Withdrawal Waiver rider. 

Interest Rates

Guaranteed Years Surrender Years Guaranteed Yield Current Yield
10 10 5.05% 5.05%
7 7 5% 5%
1 5 2.62% 5.1%
3 3 4.2% 4.2%
5 5 4.85% 4.85%
3 3 4.1% 4.1%
7 7 4.9% 4.9%
10 10 4.95% 4.95%
1 5 2.64% 5.2%
5 5 4.95% 4.95%
1 7 2.46% 5.25%
1 7 2.45% 5.15%
1 10 2.33% 5.3%
1 10 2.32% 5.2%


Name Inbuilt Fee
SPDA Free Withdrawal Waiver Rider No None
SPDA Withdrawal Charges Waiver Rider No None
American Century Life Insurance Company
Founded: 1940
Carrier details
Free withdrawal
Types of funds
Non-Qualified, IRA, IRA Rollover, IRA Transfer, IRA-Roth, and Inherited IRA