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% |
Brochure
Free withdrawal
1st year: 0%
2nd+ year: 10%
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