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American Freedom Classic 3

American Freedom Classic 3

Offer your clients safety and predictable growth with American Freedom Classic 3. This fixed annuity offers two three-year terms with the option to surrender without penalty during the last 30 days of the initial three-year term. This product accepts single purchase payments. For a complete product description, see the Product Overview in the Marketing Materials section below.

Details

Issue Ages

Inherited non-qualified 0-75Non-qualified 0-89Inherited IRA 0-75Qualified 0-89

Tax Qualifications

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

Purchase Payments

Issued with single purchase payment

Purchase Payment Minimums and Maximums

Minimum:

$10,000

Maximum:

$1 million for ages 0-85
$500,000 for ages 86+

Early Withdrawal Charges

6-year declining 8%, 8%, 7%, 6%, 5%, 4%Early withdrawal charges will not apply to surrenders during the last 30 days of the initial three-year term.

Market Value Adjustment

A market value adjustment will apply to withdrawals or surrenders during the six-year term. MVAs will not apply to surrenders that occur in the last 30 days of the initial three-year term.

Free Withdrawal Allowance

After the first contract year, 10% of the account value as of the most recent contract anniversary may be withdrawn without an early withdrawal charge or market value adjustment.During the first contract year, 10% of the purchase payment may be withdrawn without an early withdrawal charge or market value adjustment

Waivers

Terminal Illness WaiverExtended Care Waiver

Guaranteed Minimums

The guaranteed minimum surrender value (GMSV) is 87.5% of purchase payments minus all prior withdrawals (not including early withdrawal charges or negative market value adjustments) plus interest credited daily at the GMSV rate.

Payout Options

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

Marketing Materials

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