Fixed index annuity review and rates
ASIA Plus 7
The ASIA PLUS 7 is a single premium indexed deferred annuity that provides several different interests crediting strategies and participation rates, including fixed and indexed options. This offers a diverse crediting strategy to achieve your client’s goals; all while protecting them from negative economic conditions.
Available in states:
NY
Allocation Accounts
| Name | Type | Rates |
|---|---|---|
| 1-Year Fixed Account |
Fixed
|
3%
Fixed
|
| 1-Year S&P 500 PTP Cap with 50% Participation Rate |
Point to Point
Annual
|
50%
Participation
5.1%
Cap
|
| 1-Year S&P 500 PTP Cap with 100% Participation Rate |
Point to Point
Annual
|
100%
Participation
4.8%
Cap
|
| 1-Year S&P 500 PTP Monthly Sum Cap |
Point to Point
Annual
Monthly sum
|
1.4%
Cap
|
| 1-Year S&P 500 Performance Triggered |
Performance Triggered
Annual
|
3.25%
Performance triggered
|
Surrender schedule
| Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 |
|---|---|---|---|---|---|---|---|
| Penalty | 7% | 6% | 5% | 4% | 3% | 2% | 1% |
American National Life Insurance Company of New York
Founded:
1953
A.M. Best:
A
Fitch:
A
S&P:
A
Brochure
Free withdrawal
10%
Surrender schedule
7 years
Return of premium
Market value adjustment
Minimum contribution
Qualified: $5,000
Non-Qualified: 1000000%
Non-Qualified: 1000000%
Types of funds
Non-Qualified, 401k, IRA, Spousal IRA, IRA Rollover, 401a, SEP IRA, Inherited IRA, and TSP