NY Eagle Platinum with Interest Only
Founded six years after its parent company (American Equity Investment Life Insurance Company) in 2001 to serve the specific New York market, the American Equity Investment Life Insurance Company of New York is an annuity benefactor that specializes in ground-breaking retirement solutions. Selling a broad scope of annuities, such as fixed, fixed-indexed, and variable, the company seeks to find financial stability for its retiring clients. Being a subsidiary of the aforementioned larger company, it is licensed to operate only in the state of New York, tailoring its product offerings to the unique New York marketplace.
NY Eagle Platinum with Interest Only
Ratings:
- A.M. Best A-
- Fitch A-
- S&P A
- Comdex 49
About Product
MYGA Interest Rates
| Term |
Rate
Annual percentage yield (APY)
earned over the investment term |
|---|---|
| 5 years | 1.8% |
| 6 years | 1.9% |
| 7 years | 1.95% |
Minimum
- $10,000 (Excludes Inherited Beneficiary contracts)
- $30,000 Inherited/Beneficiary IRAs
- $1,500,000 issue ages 18-69
- $1,000,000 issue ages 70-74
- $750,000 issue ages 75-80
- $500,000 issue ages 81-85
- The death benefit of the contract prior to the maturity date is equal to the contract value.
Interest only. If you select the Interest Only Withdrawal Option you may take free withdrawals of any amount up to Interest Credited that year, beginning in the second Contract Year.
Riders
No Riders for NY Eagle Platinum with Interest Only annuity.
Waivers
Nursing Home
Included automatically at issue for all ages. A one-time withdrawal of up to 100% of the contract value is allowed if the owner is confined to a qualified nursing care facility for a minimum of 90 consecutive days, beginning after the first contract year. Written proof of confinement is required from the recommending qualified physician. Any payment made under this rider will not be subject to withdrawal charges, surrender charges, or MVAs.
Terminal Illness
Included automatically at issue for all ages. A one-time withdrawal of up to 100% of the contract value is allowed if the owner is diagnosed with a terminal illness. Diagnosis must occur after the first contract year and written proof is required from a qualified physician. Any payment made under this rider will not be subject to withdrawal charges, surrender charges, or MVAs.
Surrender Window
Within 30 calendar days after the end of the guarantee period, you can surrender the contract and receive the surrender value without incurring surrender charges.
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