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American Select 10

The American Select 10 Annuity is a true gem for those planning their golden years! It's reliable and builds steady growth over time, making it perfect for future-focused retirees.

Also, it comes with a range of flexible payout options. Its key benefits, as outlined in the brochure, show a real understanding of your needs. Rest easy with American Select 10.

American Select 10

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About Product

Type

Fixed Index

Purpose

Accumulation

Term

10 Years

Surrender schedule

8.1%

7.2%

6.3%

5.4%

4.5%

3.6%

2.7%

1.8%

0.9%

Fee withdrawal:

10%

Market Value Adjustment

Yes

Return Of Premium

Minimum Contribution

$20,000

Maximum Contribution

$1,000,000

Max Age Qualified

Types Of Funds

Non-Qualified, 401k, IRA, Pension, IRA Rollover, 401a, IRA Transfer, TSA 403b, SEP IRA, IRA-Roth, SIMPLE IRA, 457 plan, and 1035 Exchange

Launch Date

10/07/2019

American Select is a Modified Single Premium Deferred Individual Annuity Contract with Index-Linked Options.

Available in states: AZ, CO, DC, FL, GA, HI, ID, IL, IN, IA, KS, LA, MI, MO, MT, NE, NV, NM, ND, OH, OK, OR, SD, TX, and UT

Allocation Accounts

Name	Type	Rates
1-Year Fixed Account	Fixed	5% Fixed
1-Year S&P 500 PTP Cap	Point to Point Annual	11% Cap
1-Year S&P 500 PTP Participation Rate	Point to Point Annual	50% Participation
1-Year S&P MARC 5% ER PTP Participation Rate	Point to Point Annual	150% Participation
2-Year Janus SG Guidance Index Value Lock PTP Participation Rate	Point to Point Biennial	115% Participation
1-Year S&P 500 ESG PTP Cap	Point to Point Annual	7.25% Cap
1-Year S&P 500 ESG PTP Participation Rate	Point to Point Annual	50% Participation
1-Year GS Xenith PTP Participation Rate	Point to Point Annual	200% Participation
2-Year GS Xenith PTP Participation Rate	Point to Point Biennial	275% Participation

Surrender schedule

Year	1	2	3	4	5	6	7	8	9	10
Penalty	9%	8%	7%	6%	5%	5%	4%	3%	2%	1%

Hypothetical Projection

Comparison against S&P 500 using current rates

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Investment Amount

Riders

No Riders for American Select 10 annuity.

Waivers

Annuitization

After the fifth Contract Anniversary, no Surrender Charge will be applied to a withdrawal or surrender that is applied to an Annuitization with a payout of at least 5 years. MVA will still apply. For the Bonus and Bonus Plus plans, only the portion of the Enhanced Interest Credit that has vested, and any interest accured on the vested portion, will be included in the Contract Value applied to Annuitization.

Withdrawal Provisions

LiquidityBeginning in the first contract year, during the Surrender Charge Period, We will waive any Surrender Charge and Market Value Adjustment on Partial Withdrawals or Surrenders in a contract year up to a cumulative amount that does not exceed the greater of:10% of the Contract Value as of the last Contract Anniversary date; or The Required Minimum Distribution, as calculated under the Internal Revenue Code, as if the Contract were the only assets in Your Traditional IRA Program. If a Partial Withdrawal or full Surrender exceeds the above limitation, the Surrender Charge and the Market Value Adjustment will apply to the excess amount.

Company Founded: 1960

Good Rated Company

American Life & Security Corp.

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