Platinum Assure 2
The Platinum Assure 2 annuity is a solid choice for retirement planning. With its guaranteed interest rate for your chosen period, you can sit back, relax, and watch your money grow. With all earnings growing tax-deferred, you can keep more of your money intact, aiding your financial security in your golden years.
One highlight of this annuity is its flexibility. You have the option to withdraw your money once a year without any charges, which can come handy during emergencies. Death benefits that ensure your loved ones receive the full account value adds an extra layer of assurance for you and your family. With Platinum Assure 2, you can retire with peace of mind.
Platinum Assure 2
About Product
MYGA Interest Rates
| Term |
Rate
Annual percentage yield (APY)
earned over the investment term |
|---|---|
| 2 years | 4.65% |
Tax-Deferred Growth
All earnings in your Americo Platinum Assure Series annuity will grow tax deferred until withdrawn. That means money that would have otherwise been used to pay taxes can remain in your annuity and compound overtime.
Safety & Security
The interest rate for your Platinum Assure Series annuity is guaranteed for the entire period you select. After the guarantee period, you can choose to withdraw your money without any penalties.
Access Your Money
Withdraw a percentage of your Account Value once in each contract year without incurring a surrender charge or Market Value Adjustment. Amounts taken in excess of the maximum percentage may be subject to charges and Market Value Adjustments. Percentage vary depending on the guarantee period selected.
Market Value Adjustment Feature
Due to fluctuations in the general interest rate environment, this annuity, like many others, contains a Marketing Value Adjustment (MVA) feature. With an MVA, your surrender value may increase or decrease depending on changes in the the company's current guarantee period interest rate offered on new premium. The adjustment applies to amounts received upon a partial or full surrender, if made during the guarantee period. It also applies if the policy is annuatize during the guarantee period. The adjustment does not apply when funds are withdrawn under the penalty-free withdrawal provision.
Death Benefit
Your beneficiaries will receive the full Account Value of your Platinum Assure Series annuity.
Note: Inherited IRA is taken as a Spousal Inherited IRA
Riders
No Riders for Platinum Assure 2 annuity.
Waivers
Death
Surrender charges are waived at death.
Hospital
Unavailable in states: MA
After contract issue, if the owner is confined for at least 90 consecutive days in a qualified nursing home or hospital, all surrender charges will be waived. The surrender request plus proof of confinement must be received in the Home Office before discharge or within 30 days after discharge. There is no charge for this endorsement, and it is automatically added to every contract issued.
Nursing Home
Unavailable in states: MA
After contract issue, if the owner is confined for at least 90 consecutive days in a qualified nursing home or hospital, all surrender charges will be waived. The surrender request plus proof of confinement must be received in the Home Office before discharge or within 30 days after discharge. There is no charge for this endorsement, and it is automatically added to every contract issued.
- A.M. Best A
- Moody's A3
- Comdex 70
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