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American National

 
5000
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company Information

Company Name

American National

product Name
strategyindexplus7brochure.pdf
Description
American National Insurance Company was founded in 1905. They have over 3,000 employees. Their products are sold through a network of insurance agents and under various names. American National service 5 million policyowners in the United States and Puerto Rico.
Product Type
Index annuities are for conservative investors who like safety. They were introduced in 1995 to compete with bank CDs. Index annuities are fixed annuities that deliver fixed income type of returns. They don’t have the upside or downside of the market. They compete with bonds, CDs, and other safer investments. They allow you to capture some of the growth of a market index while having 100% downside protection. Returns are linked to a positive performance in an external index. You are not directly participating in the market. You are watching the market, and a formula decides how much gain of the index you receive.
Product description

Strategy Indexed Annuity PLUS 7

term
7 Years
minimum investment
$ 1,000,000
maximum investment
$ 80
maximum age
You can withdraw up to 10% of the account balance penalty-free per year.
withdrawal allowance
Withdrawals are Permitted

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Surrender Charge Schedule

Surrender charges are a penalty charged to early withdrawals of annuity contract. They are a percentage of the withdrawal amount, decrease over time, and go to zero when the term ends.

percentage charged to withdrawal

Year
Percentage
1
7%
2
6%
3
5%
4
4%
5
3%
6
2%
7
1%
market-value adjustment (MVA)

A market value adjustment is basically an additional charge or credit for taking money out early from an annuity.

They allow companies to pay a higher rate and make longer-term investments.

MVAs only affect you if you withdraw funds early. If you own the contract to maturity, they do not apply.

other Information

fitch ratingA Strong (6th of 21 ratings)
S&P ratingStrategy Indexed Annuity Plus 7
Product brochure
agent
commission
3,000.00
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premium TypeStrategy Indexed Annuity PLUS 7 Strategy Indexed Annuity PLUS 10
account Type2-6%
options at
maturity

4.00 - 5.00%

death benefit provision(800) 252-9546
taxesamericannational.com
surrender schedule
7%, 6%, 5%, 4%, 3%, 2%, 1%
free-look period• S&P 500
RMDOption 1 -1% Option 2 - 0.7%
market value adjustmentYes
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