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| Product Details | Product Type: Multi-Year Guarantee Annuity |
 | HorizonPlus (6% Bonus) |
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Your Commission On This Product:
6% + 3.50 eCredit$ per $1000 in Premium. |
| Actual compensation may be reduced for older ages |
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| Product Annualized Interest Rate | 3.00% |
| Interest Rates | Initial declared rates in effect for first 6 years (1st-year rate includes an interest bonus). Thereafter, the interest rate in effect on the anniversary date will be good for 1 year.
A 2% guaranteed interest rate on annuity value. Annuity and withdrawal value will not be less than 90% of premium (less withdrawals) accumulated at 3% interest.
Minimum rate for CT, MA, OR, & WA is 3.00% on all years.
There is a 6.0% Interest Bonus during the first contract year. |
| Minimum/Maximum Premiums | Minimums are $5,000 for non-qualified and qualified (0-85). Maximum premium allowed without Home Office approval is $1,000,000 for ages up to 75 and $500,000 for ages 76+. No additional premiums are allowed. |
| Choice of Years of Surrender Penalties | 9 |
| Issue Ages | 0 - 85 |
| Surrender Charge | The surrender penalties are expressed as a percent of accumulation value:
9%, 8%, 7%, 6%, 5%, 4%, 3%, 2%, 1%, 0%
Death benefit is the annuity value utilized if annuitized for a minimum of 5 years; withdrawl value without MVA is used otherwise, but not less that premium paid less any prior withdrawls. |
| Withdrawal Provisions | Up to 10% of the annuity value as of previous contract anniversary (or of premium in contract year 1). Includes partial withdrawls, systematic withdrawls(including interest-only or designated amount) or a combination of the 2.
Minimum withdrawal: $250.
Minimum remaining annuity value: $5,000. By Company
practice, free systematic withdrawal of interest M, Q, SA or A is allowed after 30 days. Minimum systematic withdrawal: $50.
Annuitization without any charges is after the 5th year for at least a 5 year payout. |
| Current rates, caps, bonuses and participation | AIG_Rates.pdf |
| Additional Information | This is a single-premium deferred annuity with MVA. Annual statements are provided. There are no fees, spreads or margins assessed. Qualified funds are taken only through age 70. There is a commission reduction for older ages. There is an extended care rider (medical confinement) for the annuitant. |
| Exceptions | No commissions paid over the listed ages. |
| Commission Details | Commission
Age NQ/Q Commission
Initial premium
0-75 NQ 6.0%
76-80 NQ 3.20%
81-85 NQ 1.35%
0-70 Q 6.0%
Subsequent commissions based on attained age at time subsequent premiums are paid. |
| States not Approved | Minnesota
New Jersey
New York
Oregon
Pennsylvania
Puerto Rico
Utah
Washington |
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