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
3% Fixed
1-Year S&P 500 PTP Cap with 50% Participation Rate
Point to Point
50% Participation
5.1% Cap
1-Year S&P 500 PTP Cap with 100% Participation Rate
Point to Point
100% Participation
4.8% Cap
1-Year S&P 500 PTP Monthly Sum Cap
Point to Point
Monthly sum
1.4% Cap
1-Year S&P 500 Performance Triggered
Performance Triggered
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
Carrier details
Free withdrawal
Surrender schedule
7 years
Return of premium
Market value adjustment
Minimum contribution
Qualified: $5,000
Non-Qualified: 1000000%
Types of funds
Non-Qualified, 401k, IRA, Spousal IRA, IRA Rollover, 401a, SEP IRA, Inherited IRA, and TSP