Fixed index annuity review and rates

Americo Elite 5

The Americo Elite 5 is a competitive indexed single-premium deferred annuity with an automatically renewing 5-year surrender charge period and a 5-year index period.
Available in states: AK, AZ, AR, CA, CO, CT, DE, DC, FL, GA, HI, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MO, MT, NE, NV, NH, NJ, NM, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, WV, WI, and WY

Allocation Accounts

Name Type Rates
1-Year Fixed Account
Fixed
3.85% Fixed
1-Year Dow Jones US Real Estate PTP Participation Rate
Point to Point
Annual
37% Participation
1-Year S&P 500 PTP Participation Rate
Point to Point
Annual
37% Participation
1-Year NASDAQ Biotechnology PTP Participation Rate
Point to Point
Annual
25% Participation
1-Year Technology Select Sector PTP Participation Rate
Point to Point
Annual
26% Participation
1-Year Health Care Select Sector PTP Participation Rate
Point to Point
Annual
37% Participation
5-Year Dow Jones US Real Estate PTP Final Average Participation Rate
Point to Point
5-Year
116% Participation
5-Year S&P 500 PTP Final Average Participation Rate
Point to Point
5-Year
86% Participation
5-Year NASDAQ Biotechnology PTP Final Average Participation Rate
Point to Point
5-Year
65% Participation
5-Year Technology Select Sector PTP Final Average Participation Rate
Point to Point
5-Year
69% Participation
5-Year Health Care Select Sector PTP Final Average Participation Rate
Point to Point
5-Year
100% Participation

Surrender schedule

Year 1 2 3 4 5
Penalty 8% 8% 7% 6% 5%
Americo Financial Life and Annuity
Founded: 1946
A.M. Best: A
S&P: A
Moody's: A3
Carrier details
Free withdrawal
1st year: 0%
2nd+ year: 10%
Surrender schedule
5 years
Return of premium
Market value adjustment
Minimum contribution
$10,000
Types of funds
Non-Qualified, IRA, SEP IRA, and Inherited IRA