WealthQuest Citadel 5 Diamond
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.
WealthQuest Citadel 5 Diamond
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 |
|---|---|---|---|
| 5 | 5.05% | 3.56% | 4.25% |
Flexible Premiums
You can establish your annuity with a single premium payment, but you also have the option to make additional premium payments in the first contract year only.
Interest Rate Enhancement
Premium payments made within the first contract year may receive a 1% interest rate enhancement above the current declared accumulation interest rate for the first year.
Surrender Charge Free Withdrawals
Starting in the first contract year, you can withdraw up to 10% of your annuity value as of the beginning of your annuity’s contract year, free of any surrender charges.
Full Withdrawal
You may surrender the contract for the full surrender value, which will terminate the contract upon payment.
Partial Withdrawal
You may take a partial withdrawal from the surrender value, which will keep the contract in force. You can specify the withdrawal amount, subject to a minimum value of $250.
Systematic Withdrawals
You can also make systematic payments for a fixed amount or interest only payments on a monthly, quarterly, semi-annual or annual basis. (Fixed amount payments can be as low as $50.00 if directly deposited.) The systematic withdrawal feature may also be used for mandatory distributions on IRA policies once you reach age 70½.
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 WealthQuest Citadel 5 Diamond annuity.
Waivers
Death
Upon the death of the owner, the full value of the WQCD 5 contract would pass to the named beneficiary. There are no surrender charges and no extra expenses to deplete the intended request. By naming a beneficiary for your annuity, you also avoid the inconvenience of probate.
Annuitization
Available after the first policy year for a minimum of 10 years.
Disability
Unavailable in states: CT
Surrender charges may be waived if, prior to age 65, the owner (both owners in the case of joint owners), is diagnosed as having a disability. This waiver of surrender charge is available immediately after issue.
Confinement
Unavailable in states: CA, and CT
Surrender charges may be waived if the contract owner (both owners in the case of joint owners except in New York) is confined to a licensed hospital, licensed convalescent care facility, skilled nursing facility, custodial care facility, or licensed facility for 30 or more days. This waiver of surrender charge is available beginning 90 days after issue. The nursing home waiver does not include home health care.
Other Allianz Products
You might also be interested in
