Fixed index annuity review and rates

American Select 7 Series Bonus (EIC)

American Select Bonus 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
2.25% Fixed
1-Year S&P 500 PTP Cap
Point to Point
Annual
6% Cap
1-Year S&P 500 PTP Participation Rate
Point to Point
Annual
30% Participation
1-Year S&P MARC 5% ER PTP Participation Rate
Point to Point
Annual
100% Participation
2-Year Janus SG Guidance Index Value Lock PTP Participation Rate
Point to Point
Biennial
75% Participation
2-Year GS Xenith PTP Participation Rate
Point to Point
Biennial
170% Participation
1-Year GS Xenith PTP Participation Rate
Point to Point
Annual
120% Participation
1-Year S&P 500 ESG PTP Participation Rate
Point to Point
Annual
30% 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
Penalty 9% 8% 7% 6% 5% 5% 4%
American Life & Security Corp.
Founded: 1960
A.M. Best: B++
S&P: B++
Carrier details
Free withdrawal
1st year: 0%
2nd+ year: 5%
Premium bonus
7%
Surrender schedule
7 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