American Classic 3 MYGA

Looking for simple, secure retirement planning? American Classic 3 MYGA is a definite game-changer. This fixed deferred annuity by American Life provides low-risk, predictable returns insulated from economic volatility. Its real gem is the loyalty bonus you earn for not making withdrawals during the term. It's a smart strategy that encourages savings, rewards patience and ensures robust growth for your retirement nest egg.

Flexibility is another USP. You may withdraw up to 10% each year without any penalty, perfect for unexpected costs. Death benefits come with no surrender charges, offering peace of mind for your loved ones. Plus, American Life's high rating assures your investments are secure and safe. It's not just about growing your money, but letting it bloom to its highest potential. American Classic 3 MYGA makes the future look really good!

American Classic 3 MYGA

Your Email

Compare this annuity with 827 others from 100+ companies

Your State

Investment

Your Gender

Your Age

Retire At

About Product

Premium Type

Single Premium

Fee withdrawal:

10%

Market Value Adjustment

Yes

Return Of Premium

Minimum Contribution

$1,000

Maximum Contribution

$1,000,000

Max Age Qualified

Types Of Funds

Non-Qualified, 401k, Traditional IRA, IRA Rollover, TSA 403b, SEP IRA, IRA-Roth, Roth Conversion (Partial), and Roth Conversion (Full)

MYGA Interest Rates

Term	Rate Annual percentage yield (APY) earned over the investment term
3 years	5.2%

Minimum Single Premium - $1,000
No maximum - Premiums over $1,000,000 will undergo additional Home Office review
For owners who are taking RMDs, the annual RMD for the current year should be taken prior to qualified funds transfer to American Life.

Issue Ages
0-90
Renewals up to Age 99

Free withdrawals Years 2+ 10% of Accumulated Value
You may withdraw up to 10% each year without a penalty. Not available until the beginning of the second contract year. Withdrawals of interest prior to age 59 ½ may be subject to a 10% Federal income tax penalty. Withdrawals in excess of the 10% free withdrawal may be subject to contract surrender charges We provide free withdrawals for customers meeting their IRS-mandated Required Minimum Distribution (RMD) and a Guaranteed Death Benefit that allows a full account withdrawal without surrender charges in the event of a policyholder’s death.

Market Value Adjustment (MVA)
Where applicable, MVA is applied on any withdrawals / full surrender in excess of the penalty free or RMD amount during the surrender period. In general, if interest rates (as measured by the index) have increased or have decreased by less than 0.25% (0% in states with no offset), an additional amount is deducted from the withdrawal. Conversely, if rates have fallen by 0.25% or more, an amount will be added to the withdrawal. See the contract for the MVA calculation.

Death Benefit
Remaining Account Value No MVA or Surrender Charge.

On transfers, take RMD at the current carrier to avoid chargeback and surrender charges in Year 1. 0.60% ending balance payable at the guarantee period if no withdrawals other than Required Minimum Distributions.

Enhanced Interest Credit is "first-year interest", 0.45% ending balance payable at the end of the guarantee period if no withdrawals other than Required Minimum Distribution.