Palladium Group Fixed Annuity
The American National Insurance Company, founded in 1905, is one of the leading providers of insurance products and financial services in the US. As a private company, they offer life insurance, annuities, health insurance, credit insurance, and pension plan services to individuals, families, and businesses alike. American National is committed to supplying financial stability, implementing ethical business practices, and building long-term liaisons with their clients. In 2001, they obtained Farm Family Holdings, Inc., magnifying their presence in the Northeast regions.
Palladium Group Fixed Annuity
Ratings:
- A.M. Best A
- Fitch A
- S&P A
- Comdex 75
About Product
Traditional Fixed Annuity Interest Rates
| Surrender Years | First Year Yield | Term Guaranteed Yield | Term Current Yield |
|---|---|---|---|
| 8 | 3.5% | 2.98% | 3.5% |
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.
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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