Palladium Match MYG

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 Match MYG

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About Product

Premium Type

Single Premium

Fee withdrawal:

10%

Market Value Adjustment

Yes

Return Of Premium

Minimum Contribution

$5,000

Maximum Contribution

$3,000,000

Max Age Qualified

Types Of Funds

Non-Qualified, 401k, Profit Sharing, Traditional IRA, Spousal IRA, Pension, IRA Rollover, 401a, IRA Transfer, TSA 403b, SEP IRA, KEOGH, Stretch IRA, Inherited IRA, NQ Stretch, TSP, and Roth Conversion (Full)

Launch Date

02/01/2024

MYGA Interest Rates

Term	Rate Annual percentage yield (APY) earned over the investment term
3 years	4.3%
5 years	4.6%
7 years	4.6%

Maximize your financial potential with the exclusive Palladium Match Multi-Year Guarantee (MYG) Annuity offering an impressive fixed interest rate that ensures your earnings grow steadily and securely, all while enjoying the added advantage of tax-deferred growth.

Tax-deferred growth
This product allows for tax-deferred growth until you need the money from your annuity. While it is growing tax-deferred, you will receive compounded interest on the entire amount in the annuity and not on the after tax amount as you would with taxable products each year.

Annual effective interest rate
It pays an annual “effective interest rate” based upon compounding of both the principal and interest. Interest will be credited to the annuity, compounded daily, based on a 365 day year. Any withdrawals, including interestonly withdrawals, will reduce the amount of interest credited to your contract.

Systematic Withdrawals
May be requested at any time prior to maturity for interest-only or fixed amounts. Minimum withdrawal amount is $100.00 Please see contract for more information.
Withdrawals of earnings are subject to income tax. For earnings withdrawn before age 59½, a 10% federal tax penalty may apply to the taxable amount. Withdrawals from the annuity will affect both the annuity value and the death benefit.

Surrender Charge Free Withdrawals
10% of the beginning contract year annuity value may be withdrawn without a surrender charge every year.

Death Benefit
On the death of the owner, the death benefit will be the greater of the surrender value or the annuity value of the contract on the date proof of death is received by American National.

Riders

No Riders for Palladium Match MYG annuity.

Waivers

Death

Should you die, you can pass the full value of your Palladium Match MYG to your beneficiary free of any surrender charges or additional expenses that could deplete your request.

Terminal Illness

Unavailable in states: CA

For those unexpected health care events in your life, Palladium MYG provides a Terminal Illness Waiver that allows you to have access to your money without any surrender charges, or any applicable market value adjustments.

Disability

For those unexpected health care events in your life, Palladium MYG provides a Disability Waiver that allows you to have access to your money without any surrender charges, or any applicable market value adjustments.

Confinement

Unavailable in states: CA

For those unexpected health care events in your life, Palladium MYG provides a Confinement Waiver that allows you to have access to your money without any surrender charges, or any applicable market value adjustments.