Fixed annuity review and rates

Assured Edge Income Builder NY

Assured Edge Income Builder is a tax-deferred fixed annuity that features a guaranteed lifetime withdrawal benefit (GLWB).

Minimum/Maximum Contributions
$25,000 Minimum initial premium for nonqualified annuities and tax-qualified annuities.
$150,000 Minimum single premium for non-natural entities. (See Ownership Section for details.)
$1,000,000 Maximum total premium amount without prior company approval. 

Eligible Premium Period
After the initial premium, subsequent premiums will be permitted in the first 75 days after contract issue (as a Lump Sum or Periodic Payments).

  • Single, joint; nonqualified, IRA, SEP IRA and Roth IRA 
  • Nonqualified purchases by non-natural entities require prior company approval.
Contractual Withdrawals
10% Penalty-Free Withdrawal Privilege
Beginning in the first year you may take multiple withdrawals ($250 minimum amount) totaling up to 10% of the contract value as of the previous anniversary, with no withdrawal charge or market value adjustment (MVA).

Other Penalty-Free Withdrawals
  • Systematic interest-only withdrawals ($100 minimum amount. Allowed 30 days after purchase.)
  • Withdrawals made to satisfy Required Minimum (RMDs) for amounts held within the contract
  • Withdrawals up to the GLIA if lifetime income payments have begun
Random Withdrawals 
$250 minimum amount ($2,000 minimum value to maintain contract)

Market Value Adjustment (MVA)
Withdrawals above the penalty-free withdrawal amount during the first five contract years may be increased or decreased by an MVA. The MVA is based on a formula designed to react to changes in interest rates at the time of a withdrawal. Generally, if interest rates have risen since the contract issue date, the MVA will decrease the amount you will receive, subject to certain limits. If interest rates have fallen, the MVA will increase the amount you will receive, up to a maximum percentage. 
An MVA will apply to: 
  • Withdrawals above the penalty-free withdrawal amount made during the first five years 
An MVA will not apply to:
  • Withdrawals less than or equal to the GLIA once lifetime income has been activated 
  • Penalty-Free withdrawal amounts
  • Death benefit 
  • Annuitization
  • Required Minimum Distributions (RMDs) from qualified contracts that apply to amounts held under the contract When applicable, withdrawals made under an early withdrawal waiver will receive an MVA increase, but will not be charged an MVA decrease. 
Note: TSP funds have to be rolled into an IRA.

Interest Rates

Guaranteed Years Surrender Years Guaranteed Yield Current Yield
7 7 2% 2%


Name Inbuilt Fee
Assured Edge Income Builder NY No None
The United States Life Insurance Company (AIG)
Founded: 1850
A.M. Best: A
Fitch: A+
S&P: A
Moody's: A2
Carrier details
Free withdrawal
Types of funds
Non-Qualified, 401k, IRA, IRA Rollover, SEP IRA, KEOGH, IRA-Roth, 1035 Exchange, and TSP