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Your Commission On This Product:
7% + 7.00 eCredit$ per $1000 in Premium. |
| Actual compensation may be reduced for older ages |
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| Product Annualized Interest Rate | 0.00% |
| Interest Rates | Min. Guaranteed Interest-3.00% on 100% compounded annually.
-5% Premium Bonus
-No Asset Fees, Spreads, or Margins
-Annual Reset to Lock-in Gains
-Full Accumulation Value at Death
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| Minimum/Maximum Premiums | Minimum Premium $15,000; Maximum Premium $1 million. |
| Choice of Years of Surrender Penalties | 10 |
| Issue Ages | 0 - 80 |
| Surrender Charge | 10-Yr (10%,10%,10%,10%,10%,9%,8%,7%,6%,4%) |
| Withdrawal Provisions | Liquidity-10% of account value including first year;
Systematic withdrawal of interest available after 30 days; MVA applies on amounts above Free Withdrawal Provision; RMD available (pertains to qualified contracts).
Annuitization Option-Available after 5th yr. without penalty.
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| Index Provisions | (1) Global Multiple Index Account with Cap: Annual Pt-to-Pt using 3 global indices: S&P 500 Index, the Dow Jones EURO STOXX 50 Index, and the Nikkei 225 Index up to a cap. The cap is declared when the contract is issued and then again on every anniversary. Annual credited interest is determined by adding the following 3 values together and then comparing the sum to the Cap:
-50% of the calculated change in the index with the highest return during the year.
-30% of the calculated change in the index with the 2nd highest return during the year.
-20% of the calculated change in the index with the lowest return during the year.
(2) Annual Pt-to-Pt Account with Participation Rate based on S&P 500
(3) Monthly Pt-Pt with Cap based on S&P 500
(4) Fixed Interest Account
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| Current rates, caps, bonuses and participation | AIG_Rates.pdf |
| Additional Information | Extended Care Rider-(if confined to licensed nursing home for more than 90 days after 1st contract yr); Owner must be less than age 86. There is no charge for this rider.
Guaranteed Minimum Withdrawal Benefit- There is no upfront charge for this rider. Payments may begin after first year and are recalculated each year; payments can
never decrease from yr. to yr. as long a no excess withdrawals have been taken. Payments increase upon attained age reaching a higher income percentage bracket as well as due to an increased annuity value. When GMWB payments begin, a rate differential may be
applied. Example: If an index cap is 7% and the rate differential is 0.25%, then the client would have an index cap of 6.75%.
(GMWB may not available in all states, call your marketer for details)
Guaranteed Withdrawal Percentages
Annuitant’s Age Single Annuitant Joint Annuitant**
55-59 4.50% 3.50%
60-64 5.00% 4.00%
65-69 5.50% 4.50%
70-74 6.00% 5.00%
75-79 6.50% 5.50%
80-84 7.00% 6.00%
85+ 7.50% 6.50%
**For Joint Owners, average the two ages
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| Commission Details | Age Commission
0-75 7.00%
76-80 4.50%
*Applies to most states; may vary in some states. Consult your contract to confirm actual commission. |
| States not Approved | Alaska
Connecticut
Delaware
Minnesota
New Jersey
New York
Oregon
Pennsylvania
Puerto Rico
Texas
Utah
Vermont
Washington |
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