Fixed annuity review and rates

Assured Edge Income Builder

Assured Edge Income Builder is a tax-deferred fixed annuity that features a guaranteed lifetime withdrawal benefit (GLWB).

Minimum/Maximum Contributions
$25,000 Minimum initial premium for nonqualified annuities and tax-qualified annuities.
$150,000 Minimum single premium for non-natural entities. (See Ownership Section for details.)
$1,000,000 Maximum total premium amount without prior company approval.

Eligible Premium Period
After the initial premium, subsequent premiums will be permitted in the first 75 days after contract issue (as a Lump Sum or Periodic Payments).

  • Single, joint; nonqualified, IRA, SEP IRA and Roth IRA 
  • Nonqualified purchases by non-natural entities require prior company approval.
Contractual Withdrawals
10% Penalty-Free Withdrawal Privilege
Beginning in the first contract year, you may take multiple withdrawals ($250 minimum amount) of up to 10% of the contract value, as of the previous anniversary, with no withdrawal charge or market value adjustment (MVA). If a withdrawal occurs in the first contract year, the withdrawal amount is based on the total eligible premiums received at the time of the withdrawal.

Other Penalty-Free Withdrawals
  • Withdrawals made to satisfy RMDs for amounts held within the contract 
  • Withdrawals up to the guaranteed lifetime income amount (GLIA) after lifetime income withdrawals have begun 
Market Value Adjustment (MVA)
Withdrawals above the penalty-free withdrawal amount during the first five contract years may be increased or decreased by an MVA. The MVA is based on a formula designed to react to changes in interest rates at the time of a withdrawal. Generally, if interest rates have risen since the contract issue date, the MVA will decrease the amount you will receive, subject to certain limits. If interest rates have fallen, the MVA will increase the amount you will receive, up to a maximum percentage.
An MVA will apply to: 
  • Withdrawals above the penalty-free withdrawal amount made during the initial interest rate guarantee term. 
An MVA will not apply to:
  • Withdrawals less than or equal to the GLIA after income withdrawals begin 
  • 10% penalty-free withdrawals or other penalty-free withdrawals
  • Death benefit 
  • Annuitization 
  • Permitted RMDs
  • The minimum withdrawal value under the contract 
Note: TSP funds have to be rolled into an IRA.

Interest Rates

Guaranteed Years Surrender Years Guaranteed Yield Current Yield
7 7 2% 2%


Name Inbuilt Fee
Assured Edge Income Builder - AGL Yes 0.95% annually
American General Life Insurance Company
Founded: 1919
A.M. Best: A
Fitch: A+
S&P: A
Moody's: A2
Carrier details
Free withdrawal
Types of funds
Non-Qualified, 401k, IRA, IRA Rollover, TSA 403b, SEP IRA, KEOGH, IRA-Roth, 1035 Exchange, and TSP