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American Fusion MYGIA

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American Fusion brings together the guaranteed growth of a MYGA and an opportunity to benefit from positive S&P 500® Index performance - with no downside risk. This Multi-Year Guaranteed Index Annuity (MYGIA) contract is a single premium deferred annuity with guaranteed compounding fixed rate. It also offers a Bonus Interest Credit which provides a bonus if S&P 500 Index performance reaches a specified threshold at the end of the 5-year term. Both the Bonus Interest Credit and performance threshold are set at contract issue.

Single Premiums
Minimum Initial - $10,000
Premiums larger than $1,000,000 may receive additional review by American Life. Maximum Initial - $5,000,000 Subsequent Premiums are not allowed. If multiple transfers are expected, notify American Life to hold for last-to-issue.

Issue Ages 
  • 0 – 90, based on Annuitant’s issue age. 
  • 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. 
End of Guarantee Period Elections
American Life will notify Contract Owners 30 days prior to the end of the Interest Rate Guarantee Period regarding the following renewal choices: 
  • Continue contract for the same guarantee period at the declared renewal rate; or 
  • Continue contract for another guarantee period made available at the time of renewal, but not to extend beyond the maturity date indicated on the Contract Schedule page; or 
  • Continue contract with a one-year rate period at the one-year interest rate made available at the time, but not lower than the Contract Minimum Guarantee Rate indicated on the Contract Schedule page with no MVA; or 
  • Take a partial withdrawal incurring no surrender charges or MVA, then apply the remaining contract value to any guarantee period that is made available (that can be different than the preceding guarantee period); or 
  • Apply the full or partial contract cash value toward a lifetime or shorter duration of at least 5 years, with a settlement (income) option as indicated in the Settlement Options, without incurring surrender charges or MVA; or 
  • Completely withdraw the cash value and surrender contract without incurring surrender charges or MVA. 
Interest-Only Withdrawals
Interest-only withdrawals are available only after the first year. The client may choose: 
  1. the first check to include all Year 1 interest; or 
  2. elect only to take interest earned going forward and keep Year 1 interest accruing in the account. Recurring interest only withdrawals are available on a monthly, quarterly or annual basis. If interest-only withdrawals are taken, the contract will no longer be eligible for the Bonus Interest Credit at the end of the term. 
Penalty-Free Withdrawals
Year 1: not available
Years 2+: up to 10% of the Contract Value as of the last contract anniversary. Starting in the 2nd year of the contract, the Owner may withdraw up to 10% of the contract value as of the prior anniversary, or take Required Minimum Distributions (RMDs) for qualified contracts, whichever is greater, without incurring surrender charges or applicable MVA. Any RMD taken in Year 1 will be assessed a surrender charge and commission chargeback.
If withdrawals are in excess of RMD, the contract is no longer eligible for the Bonus Interest Credit at the end of the term.

Death Benefit
With the included Enhanced Death Benefit Rider the death benefit is full Contract Value paid to the Beneficiary(ies) upon the Owner’s death. Spousal Beneficiaries may elect to continue the contract. Death benefit is paid on “first to die” for Joint Owned contracts. Surviving spouse has option to continue policy or have death benefit paid. 

MYGA Interest Rates

Annual percentage yield (APY)
earned over the investment term
5 years 5%


Name Inbuilt Fee
Bonus Interest Credit Rider Yes

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