Fixed index annuity review and rates

Strategy Indexed Annuity PLUS 7

The Strategy Indexed Annuity PLUS 7 is a Flexible Premium Deferred Indexed Annuity. In addition, the policy has a 7-year surrender charge period and MVA provision.
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, PR, RI, SC, SD, TN, TX, UT, VT, VA, WA, WV, WI, and WY

Allocation Accounts

Name Type Rates
1-Year Fixed Account
Fixed
3.2% Fixed
1-Year Nasdaq-100 PTP Cap
Point to Point
Annual
7.15% Cap
1-Year S&P MARC 5% ER PTP Participation Rate
Point to Point
Annual
145% Participation
1-Year S&P 500 PTP Participation Rate Uncapped
Point to Point
Annual
25% Participation
1-Year S&P 500 PTP Monthly Sum Cap
Point to Point
Annual
Monthly sum
2.5% Cap
1-Year S&P 500 PTP Cap with 100% Participation Rate
Point to Point
Annual
100% Participation
7.15% Cap
1-Year S&P 500 PTP Cap with 50% Participation Rate
Point to Point
Annual
50% Participation
7.1% Cap
1-Year S&P 500 Performance Triggered
Performance Triggered
Annual
4.8% Performance triggered

Surrender schedule

Year 1 2 3 4 5 6 7
Penalty 7% 6% 5% 4% 3% 2% 1%

Riders

Name Inbuilt Fee
Lifetime Income Rider with Fixed Rate No 1.10% annually
Lifetime Income Rider with Fixed Rate Plus Index Credit No 0.80% annually
American National Insurance Company
Founded: 1905
A.M. Best: A
Fitch: A
S&P: A
Carrier details
Free withdrawal
10%
Surrender schedule
7 years
Return of premium
Market value adjustment
Minimum contribution
Qualified: $5,000
Non-Qualified: 1000000%
Types of funds
Non-Qualified, Profit Sharing, IRA, Pension, IRA Rollover, IRA Transfer, TSA 403b, SEP IRA, IRA-Roth, Inherited IRA, and TSP