MaxGrowth 10
The MaxGrowth 10 annuity is a safe and reliable choice for those focus on secure retirement savings. It offers predictable growth, making it perfect to help protect your hard-earned money against market downturns.
One of the great things about MaxGrowth 10 is its simplicity - it's easy to understand and manage. With its guaranteed return, you can have a peace of mind knowing your future is secured.
MaxGrowth 10
Your top 3 from 110+ insurance companies
Free · No obligation · Takes about a minute
Get My Top 3 AnnuitiesAbout Product
Allocation Accounts
| Name | Type | Rates |
|---|---|---|
| 1-Year Fixed Account (Most States) |
Fixed
|
5.25%
Fixed
|
| 1-Year Fixed Account (ID, KY Only) |
Fixed
|
5%
Fixed
|
| 1-Year Fixed Account (UT Only) |
Fixed
|
4.5%
Fixed
|
| 1-Year S&P 500 PTP Cap (Most States) |
Point to Point
Annual
|
11%
Cap
|
| 1-Year S&P 500 PTP Cap (ID, KY Only) |
Point to Point
Annual
|
10.5%
Cap
|
| 1-Year S&P 500 PTP Cap (UT Only) |
Point to Point
Annual
|
10.5%
Cap
|
| 1-Year S&P 500 Market Agility 10 PTP Participation Rate (Most States) |
Point to Point
Annual
|
115%
Participation
|
| 1-Year S&P 500 Market Agility 10 PTP Participation Rate (ID, KY Only) |
Point to Point
Annual
|
110%
Participation
|
| 1-Year S&P 500 Market Agility 10 PTP Participation Rate (UT Only) |
Point to Point
Annual
|
105%
Participation
|
| 1-Year Schroders Global Compass PTP Participation Rate (Most States) |
Point to Point
Annual
|
140%
Participation
|
| 1-Year Schroders Global Compass PTP Participation Rate (ID, KY Only) |
Point to Point
Annual
|
135%
Participation
|
| 1-Year Schroders Global Compass PTP Participation Rate (UT Only) |
Point to Point
Annual
|
130%
Participation
|
| 1-Year S&P 500 Performance Trigger (Most States) |
Performance Triggered
Annual
|
8.5%
Performance triggered
|
| 1-Year S&P 500 Performance Trigger (ID, KY Only) |
Performance Triggered
Annual
|
8%
Performance triggered
|
| 1-Year S&P 500 Performance Trigger (UT Only) |
Performance Triggered
Annual
|
7.5%
Performance triggered
|
| 1-Year Fixed Account (OH, TX Only) |
Fixed
|
4.75%
Fixed
|
| 1-Year Schroders Global Compass PTP Participation Rate (OH, TX Only) |
Point to Point
Annual
|
110%
Participation
|
| 1-Year S&P 500 Market Agility 10 PTP Participation Rate (OH, TX Only) |
Point to Point
Annual
|
100%
Participation
|
| 1-Year S&P 500 PTP Cap (OH, TX Only) |
Point to Point
Annual
|
10%
Cap
|
| 1-Year S&P 500 Performance Trigger (OH, TX Only) |
Performance Triggered
Annual
|
7%
Performance triggered
|
Surrender schedule
| Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
|---|---|---|---|---|---|---|---|---|---|---|
| Penalty | 12% | 12% | 11% | 10% | 9% | 8% | 7% | 6% | 5% | 4% |
Hypothetical Projection
Free · No obligation · Takes about a minute
Riders
No Riders for MaxGrowth 10 annuity.
Waivers
Nursing Home
The benefit is automatically included at no extra charge from the contract date. It becomes accessible starting in year 2 but cannot be used during the first contract year. The owner must be confined to a nursing home for at least 90 consecutive days before utilizing the benefit. If eligible, the owner can request up to 100% of the contract value or Minimum Guaranteed Value, whichever is higher, without incurring any surrender charges, recovery amounts (specific to MaxGrowth 10), or market value adjustments. To qualify, the owner must be in a Medicare-certified skilled nursing facility and provide a physician's statement along with any required additional proof. This benefit can only be used once and will terminate after it has been exercised, if there is a change in the beneficial owner, upon contract termination, or if the owner requests it in writing.
RMD
Starting in year 2, you can take your RMD or 5% of the Contract Value, whichever is greater, as a Penalty-Free Withdrawal.
Premium Notes
- 0 – 85, Annuitant must be a natural person.
- Issue age limits apply to all Owners and Annuitants; i.e. the oldest owner/ annuitant cannot be older than the maximum issue age and the youngest owner/annuitant cannot be younger than the minimum issue age.
- Minimum Initial - $20,000
- Maximum Total Premium: Premiums largerthan $1,000,000 may receive additional review by American Life; Maximum issue amount is $5,000,000.
- Additional premium can be added within the first 6 months after policy issue. This information must be provided on initial application.
Withdrawal Provisions
Penalty-Free Withdrawals Year 1 : there are no penalty-free withdrawals, including RMDs. Years 2+ : the greater of the RMD, or 5% of the Contract Value as of the most recent contract anniversary. Required Minimum Distributions For Owners who are taking Required Minimum Distributions from IRAs, the annual RMD for the current year should be taken prior to qualified funds transfer to American Life. Any RMD in Year 1 is subject to a Surrender Charge and Recovery Amount and may result in a commission chargeback. Market Value Adjustment Where applicable, MVA is applied on any withdrawals/full surrender in excess of the penalty-free or RMD amount during the surrender period. The MVA is based on the current interest rate environment at the time of withdrawal. In general, if interest rates (as measured by the index) have increased, an additional amount is deducted from the withdrawal. Conversely, if rates have fallen, an amount will be added to the withdrawal. See the contract for the MVA calculation.
- A.M. Best B++
