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If the policy is terminated early, or if withdrawals exceed the 10% annual free-withdrawal privilege, surrender charges apply. After the 5-year period is complete there are no charges. 

There are no optional add-on riders with the California Platinum Assure 5.

where approved. No elective income, accumulation, or enhanced death benefit riders apply to this state-specific filing.

None. No annual maintenance or administrative fees. The only potential deductions are surrender charges during the 5-year term if withdrawals exceed the penalty-free allowance.

Upon the death of the contract owner, beneficiaries receive the full accumulation value—without surrender charges—ensuring the total account value passes directly to heirs.

 Surrender charges waived after 90 consecutive days of qualified confinement.

 Surrender charges waived upon diagnosis of a terminal illness (life expectancy ≤ 12 months).

 Withdrawals made to satisfy Required Minimum Distributions are exempt from surrender charges.

 each year without penalty. Required Minimum Distributions (RMDs) are also penalty-free.

 funds as a single-premium deferred annuity (SPDA).

The Platinum Assure 5 (Series 271) is a single-premium deferred fixed annuity designed for both Qualified (IRA, Roth IRA, SEP IRA) and Non-Qualified funds. It locks in a fixed interest rate for five years and grows on a tax-deferred basis, allowing all earnings to accumulate without annual taxation until withdrawal.

After the 5-year guarantee period ends, the Americo Platinum Assure 5 contract automatically renews under a new renewal interest rate, subject to change at Americo’s then-current rates. You can also choose to 

During the 5-year term, the surrender value equals the accumulation value minus any applicable surrender charges. At the end of the term, the full value is available penalty-free.

 is a 5-year Multi-Year Guaranteed Annuity (MYGA) offering a 

10% penalty-free withdrawals once each contract year

, includes waivers such as for nursing home or hospitalization, and has a surrender‐charge schedule that declines over the 5-year period. Upon maturity, annuitants can withdraw, reinvest, or let the funds continue without penalty.

Withdrawals exceeding the penalty-free allowance or full surrender before the end of the term are subject to declining surrender charges. These charges support higher credited rates while maintaining long-term contract stability.

There are no optional or added-cost riders with the Platinum Assure Series.

All core benefits—including the Nursing Home, Terminal Illness, and RMD waivers—are automatically included at issue where approved.

Americo may introduce state-specific rider variations depending on approval status, but no elective income, accumulation, or death benefit riders apply to this MYGA product.

None. There are no annual maintenance or administrative fees associated with the Platinum Assure Series. The only deductions that may apply are surrender charges if the contract is surrendered before the end of its selected guarantee period.

Upon the death of the owner, beneficiaries receive the 

 payable without reduction for surrender charges or market value adjustments. This ensures that the entire accumulation is preserved for heirs.

Nursing Home / Hospital Confinement Waiver: 

Provides access to the entire Account Value with no surrender charges if subsequently confined to a qualified nursing home or hospital for at least 90 consecutive days (may not be available in all states).

Owners may withdraw a percentage of the Account Value once in each contract year without incurring a surrender charge or Market Value Adjustment (MVA). The penalty-free withdrawal percentage varies depending on the guarantee period selected; amounts taken in excess of the maximum percentage may be subject to charges and MVA.

The Platinum Assure Series is a deferred fixed annuity that credits a guaranteed interest rate for the entire chosen term. Earnings grow tax-deferred, allowing the contract’s value to compound more efficiently over time. This MYGA is available for both qualified (IRA, SEP IRA, Roth IRA) and non-qualified accounts.  The contract provides predictable accumulation without exposure to market fluctuations and includes liquidity features that make it a balanced choice for long-term savers seeking guaranteed growth and access flexibility.

At the end of the guarantee period, the contract automatically renews at Americo’s then-current declared renewal ratefor the next available term. At that time, the owner may also choose to withdraw or annuitize the funds without penalty, offering complete flexibility at maturity.

The surrender value is equal to the accumulation value minus any applicable surrender charges. After the completion of the surrender charge period, the full accumulation value is available without penalty.

 is a single-premium Multi-Year Guaranteed Annuity (MYGA) offering fixed interest rate guarantees over 

2-, 3-, 4-, 5-, 6-, 7-, and 10-year terms.

 Issued by Americo Financial Life and Annuity Insurance Company, this MYGA provides secure, tax-deferred accumulation with full principal protection and flexible liquidity features.

Designed for conservative investors, the Platinum Assure Series combines predictable growth and flexible term options, allowing policyholders to align their savings objectives with their desired time horizon. With penalty-free withdrawals, waiver provisions for qualified life events, and Americo’s strong financial foundation, it offers both stability and adaptability for retirement and long-term savings goals.

Americo – Platinum Assure 5 (California)

Americo – Platinum Assure Series