American Select 10 Bonus
The American Select 10 Bonus annuity is a smart choice for those planning retirement. Its key benefits like robust returns, 10% signup bonus, and flexible withdrawal options stand out. A great way to ensure a stress-free retirement!
What's more, it’s easy to understand, even for non-financial folks. Plus, it adds value to your investment portfolio. You can sleep peacefully knowing your money is growing safely and systematically to secure your golden years.
American Select 10 Bonus
About Product
Allocation Accounts
| Name | Type | Rates |
|---|---|---|
| 1-Year Fixed Account |
Fixed
|
3.8%
Fixed
|
| 1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
7.75%
Cap
|
| 1-Year S&P 500 PTP Participation Rate |
Point to Point
Annual
|
40%
Participation
|
| 1-Year S&P MARC 5% ER PTP Participation Rate |
Point to Point
Annual
|
110%
Participation
|
| 2-Year Janus SG Guidance Index Value Lock PTP Participation Rate |
Point to Point
Biennial
|
85%
Participation
|
| 2-Year GS Xenith PTP Participation Rate |
Point to Point
Biennial
|
200%
Participation
|
| 1-Year GS Xenith PTP Participation Rate |
Point to Point
Annual
|
150%
Participation
|
| 1-Year S&P 500 ESG PTP Participation Rate |
Point to Point
Annual
|
40%
Participation
|
| 1-Year S&P 500 ESG PTP Cap |
Point to Point
Annual
|
5%
Cap
|
Surrender schedule
| Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
|---|---|---|---|---|---|---|---|---|---|---|
| Penalty | 9% | 8% | 7% | 6% | 5% | 5% | 4% | 3% | 2% | 1% |
Riders
No Riders for American Select 10 Bonus 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 second 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:1. 5% of the Contract Value as of the last Contract Anniversary date; or 2. 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.
- A.M. Best B++
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