Strategy Indexed Annuity PLUS 7
The Strategy Indexed Annuity PLUS 7 is a smart choice for securing your retirement. The key benefit: your capital is SAFE! Even market downturns won't erode your investment.
PLUS, its earnings are tied to market gains, so when markets do well, so does your retirement pot. It's truly a win-win for peace of mind and future prosperity!
Strategy Indexed Annuity PLUS 7
About Product
Non-Qualified: $10,000
Allocation Accounts
| Name | Type | Rates |
|---|---|---|
| 1-Year Fixed Account |
Fixed
|
3.75%
Fixed
|
| 1-Year Nasdaq-100 PTP Cap |
Point to Point
Annual
|
9.5%
Cap
|
| 1-Year S&P MARC 5% ER PTP Participation Rate |
Point to Point
Annual
|
120%
Participation
|
| 1-Year S&P 500 PTP Participation Rate Uncapped |
Point to Point
Annual
|
30%
Participation
|
| 1-Year S&P 500 PTP Monthly Sum Cap |
Point to Point
Annual
Monthly sum
|
2.05%
Cap
|
| 1-Year S&P 500 PTP Cap with 100% Participation Rate |
Point to Point
Annual
|
100%
Participation
9.5%
Cap
|
| 1-Year S&P 500 PTP Cap with 50% Participation Rate |
Point to Point
Annual
|
50%
Participation
9.5%
Cap
|
| 1-Year S&P 500 Performance Triggered |
Performance Triggered
Annual
|
4.75%
Performance triggered
|
Surrender schedule
| Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 |
|---|---|---|---|---|---|---|---|
| Penalty | 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. 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. You must be 80 years old or younger on the date of issue. The nursing home waiver does not include home health care.
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
Surrender Charge Free WithdrawalsAfter 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.
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