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 paymentSubsequent allowed 60 days from issue only; Minimum: $2,000

Purchase Payment Minimums and Maximums

Minimum:

$25,000

Subsequent:

$2,000

Maximum:

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

Early Withdrawal Charges

5-year declining 8%, 8%, 7%, 6%, 5%

Market Value Adjustment

During each initial or renewal term, an MVA will apply if the contract is surrendered or a withdrawal above the free withdrawal allowance is taken.

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During the first contract year, 10% of purchase payments may be withdrawn without an early withdrawal charge or market value adjustment.After the first contract year, 10% of the account value as of the most recent contract anniversary may be withdrawn without an early withdrawal charge or market value adjustment.

Waivers

Terminal Illness WaiverExtended Care Waiver

Account Value

The account value is equal to 100% of the purchase payment received, plus interest credited, less any amounts withdrawn, including any market value adjustment or early withdrawal charges deducted from those amounts, less any applicable premium taxes and other taxes required by your state.

Surrender Value

Equals the greater of the account value adjusted for any MVA and less any early withdrawal changes or the guaranteed minimum surrender value.

Guaranteed Minimum Surrender Value (GMSV)

The guaranteed minimum surrender value (GMSV) equals 87.5% of purchase payments minus all prior withdrawals (not including early withdrawal charges or negative MVAs) plus interest credited daily at the GMSV rate. The GMSV will not be less than the minimum values required by the NAIC Standard Nonforfeiture Law for Individual Deferred Annuities, model #805 and the GMSV rate will not be less than the minimum rate required by each state.

Payout Options

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

Death Benefit Value

The greater of the account value or GMSV will be paid upon the death of the owner.

Marketing Materials

View, download a zip file of selected materials and/or order materials to be shipped to you.

Agent Approved - Product Materials

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Client Approved - Product Materials

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Product Brochure - Fixed Annuity

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All Annuities

Indexed

Riders

Fixed

Product Rates

Marketing Materials

Illustration Software

Calculators

Submit Business

Required Training

Learning

Marketing Materials

Forms & Kitting

American Freedom Classic 5

American Freedom Classic 5

American Freedom Classic 5

Details

Issue Ages

Tax Qualifications

Purchase Payments

Purchase Payment Minimums and Maximums

Early Withdrawal Charges

Market Value Adjustment

Free Withdrawal Allowance

Waivers

Account Value

Surrender Value

Guaranteed Minimum Surrender Value (GMSV)

Payout Options

Death Benefit Value

Marketing Materials

Agent Approved - Product Materials

Client Approved - Product Materials

Product Brochure - Fixed Annuity

American Freedom Classic 5

American Freedom Classic 5

American Freedom Classic 5

Offer stability in an unpredictable world

Details

Issue Ages

Tax Qualifications

Purchase Payments

Purchase Payment Minimums and Maximums

Early Withdrawal Charges

Market Value Adjustment

Free Withdrawal Allowance

Waivers

Account Value

Surrender Value

Guaranteed Minimum Surrender Value (GMSV)

Payout Options

Death Benefit Value

Marketing Materials

New Business Kit

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