Friday, July 30, 2010

PREMIER SERIES Fixed Annuity

Fixed Annuities can help you accumulate money for retirement and you get the peace of mind that your investment will not decline in value. Your money also grows tax deferred and you do not have to pay taxes on the money that accumulates until you decide to begin receiving annuity payments. (Withdrawals before age 59 ½ are subject to a 10 percent federal income tax penalty.)

PREMIER SERIES Fixed Annuity Rate Comprison

See it for yourself - try our Annuity Calculator!

Fixed Annuities offer these attractive financial planning features:
•    Protection from market volatility
•    Guaranteed minimum interest rates
•    Tax-deferred cash accumulation
•    A guaranteed income stream you can’t outlive
•    An ability to avoid probate by designating a beneficiary

Annuities are the only products that can guarantee income for life. Annuities are designed to provide you with regular income that lasts throughout your retirement years – no matter how many years that may be.

PREMIER SERIES Fixed Annuity Interest Rate Comparison

Features At a Glance:

First year interest rate is guaranteed.

All other year's interest rates are declared annually with a "Target Interest Rate" equal to the "Bailout Rate" and a Guaranteed Minimum Interest Rate of 3.0%.

"Bailout" feature - If the renewal interest rate is ever lass than the Target Rate/Bailout Rate, you make make a full or partial surrender of the annuity within 30 days after the contract anniversary date without incurring any surrender charges.

$5,000 to $350,000 per owner (non-qualified/non-IRA funds)

Owner must be 18-80 years old.  If the owner is not a Natural Person, the Annuitant must be 18-80 years old.

Additional first year premiums also earn the first year guaranteed interest rate.

Up to 10% annual withdrawals without surrender charges

Surrender Charges schedule:
  Contract Year / Surrender Charge (%)
  1 2 3 4 5 6 7 8+
Premier Series 7 7.0% 7.0% 6.0% 5.5% 4.5% 3.5% 2.5% -0-
Premier Series 5 6.5% 6.5% 5.5% 4.5% 3.5% -0- -0- -0-
Premier Series 3 6.0% 5.0% 4.0% -0- -0- -0- -0- -0-

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Note: Our policies & insurance products are currently available to AZ and UT residents only.

Copyright 2010 by American Savings Life Insurance Company