Platinum Assure 3
The Platinum Assure Series provides a fantastic way to plan for your future, featuring tax-deferred growth. This means your money can stay put, prospering over time without pesky taxes nibbling away at your savings. Your funds are not just sitting idle, but working hard for you, under a guaranteed interest rate for as long as you choose, adding a layer of safety and confidence.
Worried about accessing your hard-earned savings? Platinum Assure makes it easy with an annual penalty-free withdrawal option, ensuring your money is always within reach when you need it. Plus, it has a beneficial Market Value Adjustment feature that can boost your surrender value, depending on interest rate changes. The sense of security is also extended to your loved ones, with a solid death benefit providing the full account value to your beneficiaries. Rest easy with Platinum Assure.
Platinum Assure 3
About Product
MYGA Interest Rates
| Term |
Rate
Annual percentage yield (APY)
earned over the investment term |
|---|---|
| 3 years | 4.75% |
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All earnings in your Americo Platinum Assure Series annuity will grow tax deferred until withdrawn.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 The adjustment does not apply when funds are withdrawn under the penalty-free withdrawal provision.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 3 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
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