What is the minimum guaranteed surrender value for American Life – American Classic MYGA (3-, 5-Year Terms)?

Contract value grows through fixed interest crediting during the chosen 3- or 5-year period. At maturity, owners may renew for the same term, elect another available guarantee term, move into a one-year period at no less than the minimum guaranteed rate, annuitize for at least five years, take penalty-free withdrawals, or fully surrender. Spousal continuation is available, and maturity occurs at the first contract anniversary following the oldest annuitant’s 100th birthday.

What is the minimum premium amount for American Life – American Classic MYGA (3-, 5-Year Terms)?

The minimum premium amount is $1,000.

What is the maximum issue age for American Life – American Classic MYGA (3-, 5-Year Terms)?

The maximum issue age is 90 years.

What is the current interest rate for American Life – American Classic MYGA (3-, 5-Year Terms)?

The current interest rate is 5.2%.

What is the surrender charge schedule for American Life – American Classic MYGA (3-, 5-Year Terms)?

Withdrawals beyond the free allowance, or any taken during the first contract year, are subject to surrender charges. The Market Value Adjustment (MVA) may reduce or increase withdrawal values depending on prevailing interest rate changes. If rates rise, surrender values may be reduced; if rates fall by at least 0.25%, surrender values may increase

What are the best rates available for American Life – American Classic MYGA (3-, 5-Year Terms)?

The best available rate is 5.55% for a 5 year term.

American Life

American Life – American Classic MYGA (3-, 5-Year Terms)

About this product

The American Classic is a single premium deferred annuity (MYGA) with fixed interest rate guarantee periods of 3 or 5 years. It features matching surrender charge schedules and a 30-day window at the end of the guarantee period, during which the owner may renew at current rates, surrender without penalty, or annuitize. The contract is designed for conservative investors seeking safety, predictable accumulation, and flexibility at the end of the guarantee term

Available Rates

Rates are based on current simulation settings with premium amount $100,000.00

3 Years	5.20%
5 Years	5.55%

Available Guarantee Periods

Rates are based on current simulation settings with premium amount $100,000.00

$1,000.00 - $1,000,000.00

5.2%

Features
Maximum Issue Age	90 years

Lifetime Income Details

Payout Options

Annuitization

Lump Sum Withdrawal

Additional Options

Actual payout options may vary by insurance carrier and specific products. Common alternatives include:

Life Income Only: Payments for the rest of your life, stopping upon death
Period Certain: Guaranteed payments for a specific time period (5, 10, 15, or 20 years)
Life with Period Certain: Lifetime payments with a minimum guaranteed period
Joint Life: Payments continue for both you and your spouse's lifetimes
Systematic Withdrawal: Regular withdrawals of a specified amount or percentage