Fixed index annuity review and rates
X5 Advantage
Income Activation
The client can activate any time on or after the 10th Contract Anniversary.
Interest Earnings
At the end of the Strategy Term, Index Term performance is compounded and interest is credited to the account. Full Interest Earnings, if any, on Preferred Withdrawals and Death. Partial Interest Earnings, if any, on Non-Preferred Withdrawals. A Non-Preferred Withdrawal is any withdrawal in excess of the Preferred Withdrawals. All Non-Preferred Withdrawals receive Partial Interest Earnings, which reflect the prorated Crediting Strategy performance at the time of the withdrawal. and the portion of Enhanced Income Amount greater than the( MAWA ) The Maximum Annual Withdrawal Amount is the maximum amount of income the client can take each year. Withdrawals can begin as early as the 10th contract anniversary.
The client can activate any time on or after the 10th Contract Anniversary.
Interest Earnings
At the end of the Strategy Term, Index Term performance is compounded and interest is credited to the account. Full Interest Earnings, if any, on Preferred Withdrawals and Death. Partial Interest Earnings, if any, on Non-Preferred Withdrawals. A Non-Preferred Withdrawal is any withdrawal in excess of the Preferred Withdrawals. All Non-Preferred Withdrawals receive Partial Interest Earnings, which reflect the prorated Crediting Strategy performance at the time of the withdrawal. and the portion of Enhanced Income Amount greater than the( MAWA ) The Maximum Annual Withdrawal Amount is the maximum amount of income the client can take each year. Withdrawals can begin as early as the 10th contract anniversary.
- The 10-Year X5 Crediting Strategy option is only available at the contract issue.
5-Year X5 Crediting Strategy
- Captures index performance each 1-Year Index Term
- Credits interest at the end of each 5-Year Strategy Term
- 100% Principal Protection each Strategy Term
- -5% Index Term Floor
10-Year X5 Crediting Strategy
- Captures index performance each 2-Year Index Term
- Credits interest at the end of each 10-Year Strategy Term
- 100% Principal Protection each Strategy Term
- -5% Index Term Floor
Available in states:
AL, AK, AZ, AR, CA, CO, CT, DE, DC, FL, GA, HI, ID, 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, RI, SC, SD, TN, TX, UT, VT, VA, 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
|
275%
Participation
|
| 10-Year strategy 2-Year PIMCO Global Elite Markets PTP Participation Rate with Spread |
X5 Biannual
10-Year
|
275%
Participation
|
| 5-Year strategy 1-Year PIMCO Global Elite Markets PTP Participation Rate with Spread |
X5 Annual
5-Year
|
200%
Participation
|
| 5-Year strategy 1-Year Morgan Stanley Expanded Horizons PTP Participation Rate with Spread |
X5 Annual
5-Year
|
200%
Participation
|
| 1-Year PIMCO Global Elite Markets PTP Participation Rate with Spread |
Point to Point
Annual
|
150%
Participation
|
| 1-Year Morgan Stanley Expanded Horizons PTP Participation Rate with Spread |
Point to Point
Annual
|
150%
Participation
|
| 1-Year S&P 500 DRC 7% PTP Participation Rate with Spread |
Point to Point
Annual
|
105%
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 Advantage Annuity Rider (illustration currently not available) | Yes | None |
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, TSA 403b, and TSP