Americo Platinum Assure 5

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Platinum Assure 5 is a multiple year guaranteed annuity (MYGA) from Americo. The annuity has a 5-year fixed rate and a 5-year surrender charge period. The product was not available in AK AL MN MS NY OR PA PR VI VT and WA as of May 2017. Annuitants get market value adjustment, tax deferrals, safety and flexibility advantages.

Platinum Assure 5 Annuity Features

Rate guarantees

The annuity is credited with 1.5% interest in the first year guaranteed for 5 years. The rate never drops below 1.00%.

Issue age

The issue age restrictions stand at 0-85 years for qualified and non-qualified owners.


  • Minimum for qualified payments – $10,000.
  • Maximum for non-qualified payments – $1,000,000.
  • Flexible premiums are not accepted with this annuity.

Death benefit

The death benefit is equal to the policy value at the time of the annuitant’s death.

Free withdrawals

With the Platinum Assure 5 annuity, you can withdraw up to 10% of your contract value once on each contract year. The withdrawal will be based on your accumulated value.

Withdrawals above the free 10% will attract early withdrawal charges that gradually reduce from the first to the last year from about 9% in the first year to 5% in the fifth year. Annuitants can also withdrawal the accumulated interest only but only after 30 days. The account must, however, remain with at least $2,000 after free withdrawals each of which must be at least $500.

Market value adjustment

The MVA will increase or reduce the surrender value. It will however not apply to a death benefit or to withdrawals under waivers.


Annuitants can receive periodic payments from their annuities. These include fixed period certain (10 years), life income only, life income with a period certain option or fixed period certain only.


A nursing home waiver is available for annuitants who’re confined to a nursing center for a period of time not less than 60 consecutive days. This waiver allows policyholders to withdraw all or part of their accounts without withdrawal charges. There must be written proof presented to the company’s administrative office.

A terminal illness waiver is available for annuitants who’re diagnosed with a condition that causes their life expectancy to be less than a year. This allows qualified contract owners to access up to 100% of their contract value free of any withdrawal charges. There must be written proof presented to the company’s administrative office.

Systematic withdrawals

These are available on a monthly, quarterly, semi-annual and annual basis. The minimum amount one can withdraw from their account is $500. The minimum account value is $2,000.

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