American Freedom Stars and Stripes 7

American Freedom Stars & Stripes 7 fixed annuity offers a base interest rate that increases 0.15% in years two through five. This product accepts single purchase payments.

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After the first contract year, 10% of the account value as of the most recent contract anniversary may be withdrawn without an early withdrawal charge or market value adjustment.

During the first contract year, 10% of the purchase payment may be withdrawn without an early withdrawal charge or market value adjustment

Market value adjustment
A market value adjustment (MVA) will apply if you surrender your contract during the first seven years. The MVA is calculated by comparing the interest rate environment when you purchase your contract to the environment when you choose to surrender your contract. This can result in an increase to your surrender value during a period of decreasing rates, or a decrease to your surrender value during a period of increasing or steady rates. The MVA will also apply to withdrawals in excess of the 10% free-withdrawal allowance during the first seven contract years.