Fixed index annuity review and rates
X5 Accelerator
X5 Accelerator Annuity issued by American General Life Insurance Company (AGL), a new solution designed to help your clients prepare for retirement with greater confidence by helping them grow their premium, protect against market downturns, and add a source of guaranteed income they can’t outlive. The benefits of X5 Accelerator include:
- Income growth potential based in part on postive index performance with a 250% Income Base Multiplier before Lifetime Income Activation.
- After withdrawals begin, lifetime income may continue to grow with a 100% Income Base Multiplier.
- Legacy and Care options to help protect against life’s unexpected events.
Rider Bonus
35% Initial Income Base Bonus, immediately increasing the income base and future lifetime income. Please see Guaranteed Lifetime Income rider description for details.
Available in states:
AL, AK, AZ, AR, CA, CO, CT, DE, DC, FL, GA, HI, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NC, ND, OH, OK, OR, PA, PR, RI, SC, SD, TN, TX, UT, VT, VI, WA, WV, WI, and WY
Allocation Accounts
| Name | Type | Rates |
|---|---|---|
| 10-Year strategy 2-Year Morgan Stanley Expanded Horizons PTP Participation Rate with Spread |
X5 Biannual
10-Year
|
250%
Participation
|
| 10-Year strategy 2-Year PIMCO Global Elite Markets PTP Participation Rate with Spread |
X5 Biannual
10-Year
|
250%
Participation
|
| 5-Year strategy 1-Year Morgan Stanley Expanded Horizons PTP Participation Rate with Spread |
X5 Annual
5-Year
|
185%
Participation
|
| 5-Year strategy 1-Year PIMCO Global Elite Markets PTP Participation Rate with Spread |
X5 Annual
5-Year
|
185%
Participation
|
| 1-Year Morgan Stanley Expanded Horizons PTP Participation Rate with Spread |
Point to Point
Annual
|
135%
Participation
|
| 1-Year PIMCO Global Elite Markets PTP Participation Rate with Spread |
Point to Point
Annual
|
135%
Participation
|
| 1-Year S&P 500 DRC 7% ER PTP Participation Rate with Spread |
Point to Point
Annual
|
95%
Participation
|
Surrender schedule
| Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
|---|---|---|---|---|---|---|---|---|---|---|
| Penalty | 10% | 10% | 10% | 9% | 8% | 6% | 5% | 4% | 3% | 1% |
Riders
| Name | Inbuilt | Fee |
|---|---|---|
| X5 Accelerator Guaranteed Lifetime Income (illustration currently not available) | Yes | 1.00% annually |
American General Life Insurance Company
Founded:
1919
A.M. Best:
A
Fitch:
A+
S&P:
A
Moody's:
A2
Brochure
Free withdrawal
1st year: 0%
2nd+ year: 10%
2nd+ year: 10%
Surrender schedule
10 years
Return of premium
Market value adjustment
Minimum contribution
$25,000
Types of funds
Non-Qualified, 401k, IRA, and SEP IRA