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MaxGrowth 10 Bonus

The MaxGrowth 10 Bonus annuity is a great approach to secure your retirement. With competitive rates, your investment grows quickly providing a constant income stream for when you retire.

This product shines with amazing benefits like immediate bonuses and the capacity to lock-in gains. The cherry on top? Capital protection ensures your original investment is safe. MaxGrowth 10 Bonus indeed paves the way for a relaxed sunset phase!

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About Product

Type

Fixed Index

Purpose

Accumulation

Premium Bonus

10%

Term

10 Years

Surrender schedule

12%

11%

10%

Fee withdrawal:

Market Value Adjustment

Yes

Return Of Premium

Minimum Contribution

$20,000

Maximum Contribution

$1,000,000

Max Age Qualified

Types Of Funds

Non-Qualified, IRA, IRA Rollover, IRA Transfer, SEP IRA, IRA-Roth, and 1035 Exchange

Launch Date

08/19/2024

MaxGrowth 10 Fixed Indexed Annuity is a deferred individual annuity with a 10- year term, fixed interest rate guaranteed periods, index-linked crediting options and the opportunity to reallocate the Contract Value annually. It also offers an option to annuitize the full Contract Value after year 5 for a 5-year period certain term, with no Surrender Charge, Recovery Amount or MVA if no withdrawals other than RMD’s have been taken.

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

Allocation Accounts

Name	Type	Rates
1-Year Fixed Account (Most States)	Fixed	4% Fixed
1-Year Fixed Account (KY Only)	Fixed	3.9% Fixed
1-Year Fixed Account (UT Only)	Fixed	3.8% Fixed
1-Year S&P 500 PTP Cap (Most States)	Point to Point Annual	8.5% Cap
1-Year S&P 500 PTP Cap (KY Only)	Point to Point Annual	8% Cap
1-Year S&P 500 PTP Cap (UT Only)	Point to Point Annual	7.5% Cap
1-Year S&P 500 Market Agility 10 PTP Participation Rate (Most States)	Point to Point Annual	80% Participation
1-Year S&P 500 Market Agility 10 PTP Participation Rate (KY Only)	Point to Point Annual	75% Participation
1-Year S&P 500 Market Agility 10 PTP Participation Rate (UT Only)	Point to Point Annual	70% Participation
1-Year Schroders Global Compass PTP Participation Rate (Most States)	Point to Point Annual	100% Participation
1-Year Schroders Global Compass PTP Participation Rate (KY Only)	Point to Point Annual	95% Participation
1-Year Schroders Global Compass PTP Participation Rate (UT Only)	Point to Point Annual	90% Participation
1-Year S&P 500 Performance Trigger (Most States)	Performance Triggered Annual	4.75% Performance triggered
1-Year S&P 500 Performance Trigger (KY Only)	Performance Triggered Annual	4.5% Performance triggered
1-Year S&P 500 Performance Trigger (UT Only)	Performance Triggered Annual	4.25% Performance triggered
1-Year Fixed Account (OH, TX Only)	Fixed	3.7% Fixed
1-Year S&P 500 PTP Cap (OH, TX Only)	Point to Point Annual	7.25% Cap
1-Year S&P 500 Market Agility 10 PTP Participation Rate (OH, TX Only)	Point to Point Annual	65% Participation
1-Year Schroders Global Compass PTP Participation Rate (OH, TX Only)	Point to Point Annual	70% Participation
1-Year S&P 500 Performance Trigger (OH, TX Only)	Performance Triggered Annual	4% 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

Comparison against S&P 500 using current rates

See if this annuity ranks in your top 3 for Ohio

Investment Amount

Riders

No Riders for MaxGrowth 10 Bonus annuity.

Waivers

Nursing Home

If any owner is confined to a nursing home for at least 90 consecutive days, the owner may request a one-time withdrawal up to the amount of the Contract Value with any applicable Surrender Charges, Market Value Adjustment and Recovery Amount waived. This benefit is not available during the first contract year and necessary documentation must be provided. Please refer to the contract for more information.

Premium Notes

Qualification & Ownership Types

Qualified: IRA (Traditional, Roth, SEP)
Non-Qualified: Individual, Joint, Trust, Corporate, Non-Corporate Entity

Issue Ages

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.

Premium

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.

Company Founded: 1960

Good Rated Company

American Life & Security Corp.

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