Fixed annuity review and rates
Palladium MYG
The Palladium MYG is a single premium deferred annuity with a market value adjustment (not available in some states). The minimum initial contribution is $5,000 for both qualified and non-qualified funds. Interest earnings are available for withdrawal beginning in the first contract year. 10% of the accumulated value is available for withdrawal beginning in the second contract year. The surrender schedule is ten years in duration (8,8,8,7,6,5,4,3,2,1) and is waived in the event of annuitization, death, disability, entrance into a nursing home, or hospital. There is a 30-day window at the end of each rate term in which to withdraw all funds without penalty.
Systematic Withdrawals
May be requested at any time prior to maturity for interest-only or fixed amounts. Minimum withdrawal amount is $100.00 ($50 if paid by direct deposit). Please see contract for more information. Withdrawals of earnings are subject to income tax. For earnings withdrawn before age 59½, a 10% federal tax penalty may apply to the taxable amount. Withdrawals from the annuity will affect both the annuity value and the death benefit.
Surrender Charge Free Withdrawals
After the contract is issued, you can withdraw up to 10% of your Annuity Value as of the beginning of the contract year*, or the Minimum Required Distribution if greater, during each contract year without any surrender charges.
Systematic Withdrawals
May be requested at any time prior to maturity for interest-only or fixed amounts. Minimum withdrawal amount is $100.00 ($50 if paid by direct deposit). Please see contract for more information. Withdrawals of earnings are subject to income tax. For earnings withdrawn before age 59½, a 10% federal tax penalty may apply to the taxable amount. Withdrawals from the annuity will affect both the annuity value and the death benefit.
Surrender Charge Free Withdrawals
After the contract is issued, you can withdraw up to 10% of your Annuity Value as of the beginning of the contract year*, or the Minimum Required Distribution if greater, during each contract year without any surrender charges.
Market Value Adjustment
If you withdraw any amount during the Surrender Charge Free Withdrawal period in excess of the allotted 10% Surrender Charge Free Withdrawal amount, additional adjustments may be applied that could increase or decrease the total withdrawal amount. Values are determined by comparing market interest rates on the contract’s issue date to its surrender date. The MVA is not applicable in all states.
No guarantee of principal.
Notes:
American National will accept the following Inherited IRA:
- Non-Spouse ONLY if the original owner passed away prior to 01/01/2020.
- If the DOD is on or after 01/01/2020 we will only accept Spousal Inherited IRAs.
Interest Rates
| Guaranteed Years | Surrender Years | Guaranteed Yield | Current Yield |
|---|---|---|---|
| 5 | 5 | 4.1% | 4.1% |
| 5 | 5 | 4.2% | 4.2% |
| 6 | 6 | 4.15% | 4.15% |
| 6 | 6 | 4.25% | 4.25% |
| 7 | 7 | 4.15% | 4.15% |
| 7 | 7 | 4.25% | 4.25% |
| 8 | 8 | 4.15% | 4.15% |
| 8 | 8 | 4.25% | 4.25% |
| 9 | 9 | 4.15% | 4.15% |
| 9 | 9 | 4.25% | 4.25% |
| 10 | 10 | 4.15% | 4.15% |
| 10 | 10 | 4.25% | 4.25% |
| 5 | 5 | 4.35% | 4.35% |
| 6 | 6 | 4.4% | 4.4% |
| 7 | 7 | 4.4% | 4.4% |
| 8 | 8 | 4.4% | 4.4% |
| 9 | 9 | 4.4% | 4.4% |
| 10 | 9 | 4.4% | 4.4% |
| 3 | 3 | 3.8% | 3.8% |
| 3 | 3 | 3.9% | 3.9% |
| 3 | 3 | 4.05% | 4.05% |
| 10 | 9 | 4.4% | 4.4% |
| 10 | 9 | 4.25% | 4.25% |
| 10 | 9 | 4.15% | 4.15% |
| 9 | 9 | 4.4% | 4.4% |
| 9 | 9 | 4.25% | 4.25% |
| 9 | 9 | 4.15% | 4.15% |
| 8 | 8 | 4.4% | 4.4% |
| 8 | 8 | 4.25% | 4.25% |
| 8 | 8 | 4.15% | 4.15% |
| 7 | 7 | 4.4% | 4.4% |
| 7 | 7 | 4.25% | 4.25% |
| 7 | 7 | 4.15% | 4.15% |
| 6 | 6 | 4.4% | 4.4% |
| 6 | 6 | 4.25% | 4.25% |
| 6 | 6 | 4.15% | 4.15% |
| 5 | 5 | 4.35% | 4.35% |
| 5 | 5 | 4.2% | 4.2% |
| 5 | 5 | 4.1% | 4.1% |
| 3 | 3 | 4.05% | 4.05% |
| 3 | 3 | 3.9% | 3.9% |
| 3 | 3 | 3.8% | 3.8% |
Brochure
Free withdrawal
10%
Types of funds
Non-Qualified, 401k, Profit Sharing, IRA, Spousal IRA, Pension, IRA Rollover, 401a, IRA Transfer, TSA 403b, SEP IRA, KEOGH, Inherited IRA, and TSP