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Palladium MYG

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The Palladium MYG is a single premium deferred annuity with a market value adjustment (not available in some states). The minimum initial contribution is $5,000 for both qualified and non-qualified funds. Interest earnings are available for withdrawal beginning in the first contract year. 10% of the accumulated value is available for withdrawal beginning in the second contract year. The surrender schedule is ten years in duration (8, 8, 8, 7, 6, 5, 4, 3, 2, 1%) and is waived in the event of annuitization, death, disability, entrance into a nursing home, or hospital. There is a 30-day window at the end of each rate term in which to withdraw all funds without penalty.

Systematic Withdrawals
May be requested at any time prior to maturity for interest-only or fixed amounts. Minimum withdrawal amount is $100.00 ($50 if paid by direct deposit). 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 For earnings withdrawn before age 59½, a 10% federal tax penalty may apply to the taxable amount.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10% of the beginning contract year annuity value may be withdrawn without penalty every year. Interest only may be withdrawn in the first year in NY. At the end of the selected guarantee period, there is a 30-day window to withdraw all funds without a surrender charge and any applicable MVA. 

Market Value Adjustment
If you withdraw any amount during the Surrender Charge Free Withdrawal period in excess of the allotted 10% Surrender Charge Free Withdrawal amount, additional adjustments may be applied that could increase or decrease the total withdrawal amount. Values are determined by comparing market interest rates on the contract’s issue date to its surrender date. The MVA is not applicable in all states.

American National 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. 

MYGA Interest Rates

Annual percentage yield (APY)
earned over the investment term
3 years 4.55%
5 years 5.3%
6 years 5.2%
7 years 5.3%
8 years 5.2%
9 years 5.2%
10 years 5.1%

Traditional Fixed Annuity Interest Rates

Surrender Years First Year Yield Term Guaranteed Yield Term Current Yield
9 5.35% 5.35% 5.35%

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