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American Freedom Aspire 7

American Freedom Aspire 7

Offer your clients guaranteed growth with American Freedom Aspire 7. This fixed annuity offers a base interest rate that increases 0.10% in years two through seven. This product accepts single and flexible purchase payments. 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:

$2,000

Subsequent:

$2,000

Maximum:

$1 million for ages 0-85

Early Withdrawal Charges

7-year rolling 7%, 7%, 7%, 6%, 5%, 4%, 3%All early withdrawal charges end after the 10th contract anniversary

Free Withdrawal Allowance

During the first contract year, 10% of purchase payments may be withdrawn without an early withdrawal chargeAfter the first contract year, 10% of the sum of the account value as of the most recent contract anniversary plus all purchase payments received since that contract anniversary may be withdrawn without an early withdrawal charge

Waivers

Terminal Illness WaiverExtended Care Waiver

Bonus Features

0.10% annual interest rate adjustment in years 2-7

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 on or after the third contract anniversary. 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

Marketing Materials

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