Fixed index annuity review and rates

American Select 10 Series

American Select is a Modified Single Premium Deferred Individual Annuity Contract with Index-Linked Options. 
Available in states: AZ, CO, DC, HI, ID, IL, IN, IA, KS, LA, MI, MO, MT, NE, NV, NM, OH, OK, OR, TX, and UT

Allocation Accounts

Name Type Rates
1-Year Fixed Account
Fixed
2.8% Fixed
1-Year S&P 500 PTP Cap
Point to Point
Annual
8.5% Cap
1-Year S&P 500 PTP Participation Rate
Point to Point
Annual
42% Participation
1-Year S&P MARC 5% ER PTP Participation Rate
Point to Point
Annual
150% Participation
2-Year Janus SG Guidance Index Value Lock PTP Participation Rate
Point to Point
Biennial
115% Participation
1-Year S&P 500 ESG PTP Cap
Point to Point
Annual
7.25% Cap
1-Year S&P 500 ESG PTP Participation Rate
Point to Point
Annual
42% Participation
1-Year GS Xenith PTP Participation Rate
Point to Point
Annual
175% Participation
2-Year GS Xenith PTP Participation Rate
Point to Point
Biennial
250% Participation

Surrender schedule

Year 1 2 3 4 5 6 7 8 9 10
Penalty 9% 8% 7% 6% 5% 5% 4% 3% 2% 1%
American Life & Security Corp.
Founded: 1960
A.M. Best: B++
S&P: B++
Carrier details
Free withdrawal
10%
Surrender schedule
10 years
Return of premium
Market value adjustment
Minimum contribution
$20,000
Types of funds
Non-Qualified, 401k, IRA, Pension, IRA Rollover, 401a, IRA Transfer, TSA 403b, SEP IRA, IRA-Roth, SIMPLE IRA, 457 plan, and 1035 Exchange