AIG’s American Pathway Fixed 5 and Fixed 7 Annuities

Author: No Comments Share:

These are single-premium fixed annuities that protect contract value, guarantee a fixed interest rate and ensure a stream of income in the future.

Guaranteed Premium Return with Interest Rate

This fixed annuity provides predictability via a guaranteed interest rate for a specified term. Additionally, an electable return-of-premium guarantee is offered, which promises the return of the annuity at any time (less withdrawals and charges).

Lifetime Retirement Income

The Fixed 5 and 7 Annuity from American Pathway offers no administrative charges and up-front sales fees, tax-deferred growth and an income payout option that allows your contract balance to be converted through annuitization, into an income stream guaranteed for life.

Guaranteed Minimum Renewal Rate

You’re protected against future economic uncertainty, as the annuity guarantees renewals at or above the minimal interest rate, guaranteed in your account.

Withdrawal Privileges

30 days after the date of signing the contract, you can make multiple withdrawals penalty-free every year so long as the withdrawal amount is not beyond the bigger of the total interest earned, or 15% of your annuity value at the previous anniversary. When you don’t take advantage of the entire 15% free withdrawal threshold in any contract year, the unused part (up to 5%) may be carried over to the upcoming contract year, and the annual withdrawal threshold is boosted to 20% of your annuity value. If you choose to withdrawal more than the free withdrawal threshold, your withdrawals will be subjected to withdrawal charges, and market value adjustments (if applicable) through the first 5 years of the contract.

Interest Rate Guarantee

An option is available for guaranteed initial interest rate on the single lump-sum premium payment for 1, 3 or 5 years. Additionally, the period’s guaranteed rate may include a boost on the interest rate or an upfront premium bonus that’s payable on the date of the contract.

What’s more, you can either elect a 5-year interest rate alternative with a Market Value Adjustment or a 7-year interest rate choice with MVA. These alternatives come with a higher interest rate.

Previous Article

AIG Polaris Platinum III Annuity

Next Article

AIG American Pathway® SolutionsMYG Annuity

You may also like