0.00% 

A 5% premium bonus will be credited to the annuity value at contract issue. Allocations to each account option will mirror allocations chosen for premium.
 

Minimum premium is $20,000 (Q and NQ 0-75).

Maximum premium is $1 million without home office approval. 

10 

0 - 75 

Withdrawal charges are based on a percentage of the annuity value (before application of the MVA) that exceeds the Free Withdrawal Provision. If your client surrenders their contract when withdrawal charges apply, it is possible they may receive less than their premium.

17%, 16%, 15%, 14%, 13%, 10%, 9%, 8%, 7%, 6%

Death Benefit:
Upon the death of the owner (or first owner, if there are two owners), the beneficiary will receive the annuity value (without withdrawal charges or MVA). Beneficiary chooses to receive a single sum or an income plan. If the owner’s sole beneficiary is the spouse, the surviving spouse may continue the contract as long as the contract has not been annuitized. 

In all contract years, up to 10% of the annuity value, as of the previous contract anniversary (10% of the single premium in the first contract year), may be withdrawn without a withdrawal charge or MVA. These free withdrawals may be taken out as a one-time withdrawal, as part of a series of systematic withdrawals, or a combination of the two.

Minimum Withdrawals:
After a partial or systematic withdrawal, the minimum remaining annuity value must be no less than $5,000. The minimum partial withdrawal is $500 with no minimum remaining account value requirement in each account option. The minimum systematic withdrawal is $50 and may come from any combination of accounts; however, interest-only systematic withdrawals must come from the Fixed Interest Account option. Systematic withdrawals may begin as soon as 30 days after the contract issue date; payments may be monthly, quarterly, semiannual or annual.

The MVA may increase or decrease the withdrawal value when more than the amount available through the Free Withdrawal Provision is withdrawn in a contract year (unless the withdrawal is for a Required Minimum Distribution) during the first ten contract years. The amount of the MVA is determined by a mathematical formula included in the contract and reflects changes in the interest rate market since the contract’s issue date.

Required Minimum Distribution:
Pertains only to qualified (pre-tax) contracts: No withdrawal charge or MVA is applied; however, the required minimum distribution payment will count against the Free Withdrawal Provision in a given year.

Guaranteed Minimum Withdrawal Value:
Equal to 90% of premium, less prior withdrawals, accumulated at 3%. 

Annual Point-to-Point Account with Cap:
Annual interest rate is based on the percentage calculated increase in the S&P 500 Index over a contract year, not to exceed a Cap. Interest is credited annually on the contract anniversary and will never be less than zero percent. Cap is declared annually at contract anniversary.

Annual Point-to-Point Account with Participation Rate:
Annual interest rate is based on the percentage calculated change in the S&P 500 Index over a contract year multiplied by a declared Participation Rate. Interest is credited annually on the contract anniversary and will never be less than zero percent. Participation Rate is declared annually at contract anniversary.

Monthly Average Account with Index Spread:
Annual methodology where 12 monthly S&P 500 Index values are averaged and compared to the index value from the beginning of the contract year. An Index  Spread is subtracted from any positive changes to determine the annual interest rate. Interest is credited annually on the contract anniversary and will never be less than zero percent. Index Spread is declared annually at contract anniversary.

Fixed Interest Account:
The initial credited interest rate is guaranteed for the first 5 contract years. On the 5th contract anniversary, a new rate will be guaranteed for next five years. Beginning the 10th contract anniversary, interest will be declared and guaranteed annually. All declared rates are guaranteed to be at least two percent. Annual reallocations into the Fixed Interest Account will receive the interest rate that is currently in effect for the client’s contract. Fixed interest is credited to the annuity value on a daily basis. Guarantees are subject to the claims-paying ability of American General Life Insurance Company. 

AIG_Rates.pdf 

Index, single-premium, deferred annuity with premium bonus and market value adjustment (MVA). Annual Statements are provided and Account values can be reallocated as of each contract anniversary.

Extended Care Rider:
Waives withdrawal charges and MVA on withdrawals or surrenders if: Care begins at least one year after the date of issue of the contract. Care is provided by a qualified institution for at least 90 consecutive days. The owner is less than age 86. Included at no additional cost. See rider for full details.

Income Plan Options:
Client can turn the annuity value into a steady stream of income following the fifth contract year. Prior to the fifth contract anniversary, the withdrawal value (annuity value with withdrawal charge and market value adjustment applied) can be converted into an income plan. Income plan options include life contingency options, joint life contingency options and certain period options. See the contract regarding annuitization for details. State variations may apply. 

Contract Issue Date:
Contracts are issued on the 5th, 12th, 20th and 28th of each month. 

Commissions:
Age         NQ/Q        Commission
0-75        NQ/Q              8%

OK:
Age         NQ/Q        Commission
0-75        NQ/Q              6% 

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