Home
Products
Fixed
American Freedom Aspire 3

American Freedom Aspire 3

Offer clients safety and predictable growth with American Freedom Aspire 3. This fixed annuity offers a guaranteed rate during the three-year term, and a return of premium. This product accepts single purchase payments. For a complete product description, see the Product Overview in the Marketing Materials section.

Details

Issue Ages

Inherited non-qualified 0-75Inherited IRA 0-75Qualified 0-90Non-qualified 0-90

Tax Qualifications

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

Purchase Payments

Issued with single premium

Purchase Payment Minimums and Maximums

Minimum:

$2,000

Maximum:

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

Early Withdrawal Charges

3-year: 7%, 7%, 7%

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After the first contract year, 10% of the account value as of the most recent contract anniversary may be withdrawn without an early withdrawal charge.During the first contract year, 10% of the purchase payment may be withdrawn without an early withdrawal charge.

Waivers

Terminal Illness WaiverExtended Care Waiver

Account Value

The account value is equal to 100% of the purchase payments, plus interest credited, less any amounts previously withdrawn and charges applied to those amounts, and less premium taxes or other taxes paid, if any.

Surrender Value

The surrender value equals the greater of the account value less any early withdrawal charges, or the guaranteed minimum surrender value.

Guaranteed Minimum Surrender Value (GMSV)

87.5% of purchase payments minus all prior withdrawals (not including early withdrawal charges) plus interest credited daily at the GMSV rate.

Return of Premium

Return of premium value is the sum of all purchase payments, less all withdrawals (but not including amounts applied to pay early withdrawal charges), and premium tax or other taxes not previously deducted. Available beginning in contract year three. Included at no extra charge.

Payout Options

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

Death Benefit Value

The greatest of the account value, GMSV or return of premium will be paid upon the death of the owner. A spouse who is the surviving owner or sole surviving beneficiary may become the successor owner.

Marketing Materials

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

Agent Approved - Product Materials

Select all

Client Approved - Product Materials

Select all

Product Brochure - Fixed Annuity

Select all

Clear

All Annuities

Indexed

Riders

Fixed

Marketing Materials

Illustration Software

Product Rates

Calculators

Training

Marketing Materials

Forms