American Select 10 Bonus Plus
The American Select 10 Bonus Plus annuity is a fantastic choice for ensuring a secure future. Its steady income stream is a rock-solid anchor to rely on, offering stability amidst uncertainty.
What's more? You'll love the sweet 10% bonus on initial investments, providing a nice cushion for your nest egg. Retirement planning has never been easier with American Select.
American Select 10 Bonus Plus
About Product
Interest Bonus: An additional amount added to your Contract Value as interest at your 10th anniversary, if no voluntary withdrawals were made up to that point. If no withdrawals other than RMDs - 3.0% of Contract Value at the end of 10th Year.
Allocation Accounts
| Name | Type | Rates |
|---|---|---|
| 1-Year Fixed Account |
Fixed
|
3.8%
Fixed
|
| 2-Year Janus SG Guidance Index Value Lock PTP Participation Rate |
Point to Point
Biennial
|
85%
Participation
|
| 1-Year S&P MARC 5% ER PTP Participation Rate |
Point to Point
Annual
|
110%
Participation
|
| 1-Year S&P 500 PTP Participation Rate |
Point to Point
Annual
|
40%
Participation
|
| 1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
7.75%
Cap
|
| 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
| Name | Inbuilt | Fee |
|---|---|---|
| American Select 10 Bonus Plus Fee Rider | Yes | 0.80% annually (0.00% after 10 years) |
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. 10% 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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