Palladium Group Fixed Annuity
Highlights
Premium Type
|
Flexible Premium
|
---|---|
Max age Qualified
|
99
|
Minimum Contribution
|
$5,000
|
Maximum Contribution
|
$1,000,000
|
Market value adjustment
|
|
Return of premium
|
|
Free withdrawal
|
0% |
Types of funds
|
401k, Profit Sharing, Pension, and TSA 403b |
Brochure
|
Open brochure |
In addition to the minimum guarantees, current market interest rates are declared by American National Insurance Company and are guaranteed for annual intervals from the date of each premium. There is no penalty for withdrawals of funds for a plans participant's retirement, death, disability. or termination of employment.
Free Withdrawals
Withdrawal charges are waived for plan distributions due to a participant’s death, disability, retirement, or termination of employment.
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.
Find out if the Palladium Group Fixed Annuity is the right product for you.
Traditional Fixed Annuity Interest Rates
Surrender Years | First Year Yield | Term Guaranteed Yield | Term Current Yield |
---|---|---|---|
8 | 3.6% | 3.08% | 3.6% |
Riders
No Riders for Palladium Group Fixed Annuity annuity.
Waivers
Death
Withdrawal charges are waived for plan distributions due to a participant’s death.
Unemployment
Withdrawal charges are waived for plan distributions due to a participant’s retirement or termination of employment.
Disability
Not available if owner is receiving social security benefits on date of issue or is age 65 or greater at time of disability.
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