Highest effective annual rate
5.8197%
5-yr effective annual yield · 5-yr surrender schedule · $1,000+ premium
Highest current CANNEX effective annual rate across the available 3-year and 5-year step schedules.
View all rates and terms ↓10%
Free W/D
32
Available jurisdictions
Rates as of August 12, 2026. CANNEX via AdvisorWorld; confirm rates and state availability before purchase.
Product analyzer
Run numbers for American Classic
guaranteed rates, terms, state availability, surrender details, and contract facts stay scoped to this American Life product.
Live product data
Rates as of August 12, 2026, from AdvisorWorld and CANNEX.
5-year guaranteed-period rate
5.82% effective annual rate over the 5-year term
A stepped-rate fixed annuity from American Life & Security with three- and five-year guarantee choices, annual withdrawal access, and an MVA during the surrender period.
Best fit
Buyers who can hold through a three- or five-year guarantee period and want to compare the contract's live effective yield rather than shop on a first-year credit alone.
Available guarantee terms
3 and 5 years
AM Best
B++ Good
Available surrender terms
3 and 5 years
Free withdrawal
10%/yr
Availability
32 jurisdictions (restricted footprint)
Product analyst notes
How to think about this contract
Why it can stand out
- Two guarantee-period choices let buyers choose a shorter or longer fixed-rate commitment without changing product families.
- An annual free-withdrawal allowance provides limited access while the surrender schedule is in force.
What to confirm
- This contract uses a stepped rate schedule. Compare the live full-period effective yield, first-year rate, and renewal rate together rather than treating the opening credit as the rate earned every year.
- Early withdrawals above the free allowance can face both surrender charges and a market value adjustment, and availability is limited to the jurisdictions shown on the page.
Not ideal for
Buyers who need penalty-free access to most of their premium, want a simple single-rate schedule, or live outside the product's published filing footprint.
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Guaranteed Rates by Term
| Term | Surrender term | Rate effective | Published rate |
|---|---|---|---|
| 3-Year | 3-Year schedule | Aug 7, 2026 | 5.4998%Effective annual rate · full term5.8% first year · 5.35% renewal |
| 5-Year | 5-Year schedule | Aug 7, 2026 | 5.8197%Effective annual rate · full term6.3% first year · 5.7% renewal |
Key Features
Free withdrawal
10%/yrAnnual amount that may be available without surrender charges, subject to contract terms.
Death benefit
Standard Account Value DBBeneficiary value depends on contract terms, withdrawals, and rider elections.
Annuitization options
Single and jointContract conversion options should be confirmed before purchase.
Fund types
Non-qualified, QualifiedAvailability can vary by state and product terms.
Surrender Schedule
3-Year Version
Yr 1
9%
Yr 2
8%
Yr 3
7%
After
0%
5-Year Version
Yr 1
9%
Yr 2
8%
Yr 3
7%
Yr 4
6%
Yr 5
5%
After
0%
Carrier Ratings
Free Comparison Report
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See how American Classic compares for your age, state, premium, and income goals alongside other American Life MYGA options.