Fixed index annuity review and rates

American Select 10 Series Bonus Plus (EIC)

American Select Bonus Plus Earn an even larger bonus to maximize your upfront earnings potential (small annual policy fee applies).

Premium Bonus: You receive an immediate bonus to your upfront initial Premium that vests over 10 years and earns interest. 

Interest Bonus: An additional amount added to your Contract Value as interest at your 10th anniversary, if no voluntary withdrawals were made up to that point.  If no withdrawals other than RMDs - 3.0% of Contract Value at the end of 10th Year. 
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
2.25% Fixed
2-Year Janus SG Guidance Index Value Lock PTP Participation Rate
Point to Point
Biennial
85% Participation
1-Year S&P MARC 5% ER PTP Participation Rate
Point to Point
Annual
110% Participation
1-Year S&P 500 PTP Participation Rate
Point to Point
Annual
33% Participation
1-Year S&P 500 PTP Cap
Point to Point
Annual
6.5% Cap
2-Year GS Xenith PTP Participation Rate
Point to Point
Biennial
180% Participation
1-Year GS Xenith PTP Participation Rate
Point to Point
Annual
130% Participation
1-Year S&P 500 ESG PTP Participation Rate
Point to Point
Annual
33% Participation
1-Year S&P 500 ESG PTP Cap
Point to Point
Annual
5% Cap

Surrender schedule

Year 1 2 3 4 5 6 7 8 9 10
Penalty 9% 8% 7% 6% 5% 5% 4% 3% 2% 1%

Riders

Name Inbuilt Fee
Hypothetical rider fee Yes 0.80% annually (0.00% after 7 years)
American Life & Security Corp.
Founded: 1960
A.M. Best: B++
S&P: B++
Carrier details
Free withdrawal
1st year: 0%
2nd+ year: 10%
Premium bonus
16%
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