Strategy Indexed Annuity PLUS 10
Highlights
|
Type
|
Fixed Index |
|---|---|
| Purpose | Lifetime Income |
|
Premium Bonus
|
1% |
|
Term
|
10 Years |
|
Surrender schedule
|
10%9%8%7%6%5%4%3%2%1% |
|
Free withdrawal
|
10% |
| Flexible premium | Product Life |
|
Market value adjustment
|
|
|
Return of premium
|
|
|
Launch date
|
05/08/2013 |
|
Minimum contribution
|
Qualified: $5,000 Non-Qualified: $10,000 |
|
Maximum contribution
|
$3,000,000 |
|
Max Age Qualified
|
80 |
|
Types of funds
|
Non-Qualified, Profit Sharing, IRA, Pension, IRA Rollover, IRA Transfer, TSA 403b, SEP IRA, IRA-Roth, Inherited IRA, and TSP |
Brochure
|
Open brochure |
Find out if the Strategy Indexed Annuity PLUS 10 is the right product for you.
Premium Notes
- Q $5,000
- NQ $10,000
- $3,000,000
$100 monthly with EFT
($300 quarterly, $600 semi-annually, $1,200 annual, $1,000 for non-EFT.) Not available in NJ.
Note:
We will accept the following Inherited IRA:
- Non-Spouse ONLY if the original owner passed away prior to 01/01/2020.
- If the DOD is on or after 01/01/2020 we will only accept Spousal Inherited IRAs.
Withdrawal Provisions
After the contract is issued, you can withdraw up to 10% of your Annuity Value as of the beginning of the contract year, or the Minimum Required Distribution if greater, during each contract year without any surrender charges.
Allocation Accounts
| Name | Type | Rates |
|---|---|---|
| 1-Year Fixed Account |
Fixed
|
4.5%
Fixed
|
| 1-Year Nasdaq-100 PTP Cap |
Point to Point
Annual
|
10%
Cap
|
| 1-Year S&P MARC 5% ER PTP Participation Rate |
Point to Point
Annual
|
180%
Participation
|
| 1-Year S&P 500 PTP Participation Rate Uncapped |
Point to Point
Annual
|
50%
Participation
|
| 1-Year S&P 500 PTP Cap with 100% Participation Rate |
Point to Point
Annual
|
100%
Participation
10%
Cap
|
| 1-Year S&P 500 PTP Cap with 50% Participation Rate |
Point to Point
Annual
|
50%
Participation
15%
Cap
|
| 1-Year S&P 500 PTP Monthly Sum Cap |
Point to Point
Annual
Monthly sum
|
3.15%
Cap
|
| 1-Year S&P 500 Performance Triggered |
Performance Triggered
Annual
|
6.5%
Performance triggered
|
| 1-Year BNPP Patriot Technology PTP Participation Rate |
Point to Point
Annual
|
125%
Participation
|
Surrender schedule
| Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
|---|---|---|---|---|---|---|---|---|---|---|
| Penalty | 10% | 9% | 8% | 7% | 6% | 5% | 4% | 3% | 2% | 1% |
Riders
| Name | Inbuilt | Fee |
|---|---|---|
| Lifetime Income Rider with Fixed Rate | No | 1.10% annually |
| Lifetime Income Rider with Fixed Rate Plus Index Credit | No | 0.80% annually |
Waivers
Terminal Illness
Unavailable in states: CA, CT, and FL
Surrender charges and MVA may be waived if the contract owner is diagnosed with an injury or illness expected to result in death within 12 months. Available after issue. American National requires proof of terminal illness- a written certification of terminal illness prepared by a licensed physician who has examined the owner(s) and is qualified to provide the certification.
Disability
Unavailable in states: CT
Prior to age 65, surrender charges and MVA may be waived if the contract owner is physically disabled, or diagnosed with a disabling terminal illness.
Confinement
Unavailable in states: CA, CT, and MA
Surrender charges and MVA may be waived if the contract owner is confined to a licensed hospital, licensed convalescent care facility, skilled nursing facility, custodial care facility, or licensed hospice facility or more days. Available 90 days after issue. You must be 80 years old or younger on the date of issue. The nursing home waiver does not include home health care.
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