American Legend 7

Offer your clients competitive growth opportunity with American Legend 7. This fixed-indexed annuity offers multiple indexed strategies, accepts additional purchase payments, and features early withdrawal charges and market value adjustments that end after seven years. For a complete product description, see the Product Overview in the Marketing Materials section below.

Details

Issue Ages

Non-qualified 0-85Inherited non-qualified 0-75Inherited IRA 0-75Qualified 0-85

Tax Qualifications

Non-qualifiedQualifiedInherited non-qualified403(b) (Traditional and Roth)IRA (Traditional, Roth, SEP, SIMPLE and Inherited)457(b)

Purchase Payments

Single and flexible purchase payments

Purchase Payment Minimums and Maximums

Minimum:

$10,000

Subsequent:

$2,000

Maximum:

$1 million for ages 0-85

Early Withdrawal Charges

7-year declining 9%, 8%, 7%, 6%, 5%, 4%, 3%

Market Value Adjustment

A market value adjustment will apply to withdrawals or surrenders during the seven-year term

Free Withdrawal Allowance

During the first contract year, 10% of purchase payments may be withdrawn without an early withdrawal charge or market value adjustment.After the first contract year, 10% of the sum of the account value as of the most recent contract anniversary plus all purchase payments received since that contract anniversary may be withdrawn without an early withdrawal charge or market value adjustment

Waivers

Terminal Illness WaiverExtended Care Waiver

Interest Strategies

Declared RateS&P 500 1-Year Point-to-Point with CapS&P 500 7-Year Cap Lock Annual Point-to-PointiShares U.S. Real Estate 1-Year Point-to-Point with CapSPDR Gold 1-Year Point-to-Point with CapS&P 500 Risk Control 1-Year Point-to-Point with Par RateS&P U.S. Retiree Spending 1-Year Point-to-Point with Par RateFirst Trust Barclays Edge Index 1-Year Point-to-Point with CapFirst Trust Barclays Edge Index 1-Year Point-to-Point with 7-Year Cap LockAvailable strategies may vary by state and distribution. Please view state approvals to learn more about availability.

Guaranteed Minimum Surrender Value (GMSV)

87.5% of purchase payments, plus interest credited daily at a minimum guaranteed rate, less withdrawals, not including amounts applied to pay early withdrawal charges or negative MVAs

Payout Options

Fixed period payoutLife payoutLife payout with payments for at least a fixed periodJoint and one-half survivor payout

All Annuities

Indexed

Fee-Based

Riders

Registered Index-Linked

Fixed & Immediate

Marketing Materials

Illustration Software

Product Rates

Calculators

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Training

Learning

Marketing Materials

Forms & Kitting