Eagle Series & Premier Series II Calculators
Use the online calculator to see for yourself what an American Savings Life Deferred Annuity can do for you.
The Eagle Series & Premier Series II Annuities are available in Arizona and Utah.
The eagle Series & Premier Series II
Single Premium Fixed Deferred Annuities
What is a Fixed Deferred Annuity?
A fixed annuity can help you accumulate money tax-deferred for retirement. You do not have to pay taxes on the money that accumulates until you decide to begin receiving annuity payments.
It guarantees a fixed interest rate each year, regardless of what the stock market or bond market does.
Annuity guarantees are backed by the financial strength and claims-paying ability of American Savings Life Insurance Company.
Fixed Annuities offer these Attractive Features:
- Protection from market volatility
- Guaranteed minimum interest rates
- Tax-deferred cash accumulation
- Ability to avoid probate by designating a beneficiary
- Option to turn part or all of your annuity into an income stream that you can never outlive (annuitization)
Introducing the American Savings Life's Fixed Deferred Annuities
Our Annuities offers the best of both worlds by guaranteeing you never lose a dime of your principal investment while simultaneously guaranteeing an above-market interest rate for the first year with both a high “bailout” interest rate, and a 2.50% guaranteed minimum interest rate for the life of the contract.
Purchase with a single premium with no additional premiums with either Qualified (i.e.: IRA) and Non-Qualified funds.
How It Works
First Year Guaranteed and Bailout Interest Rates
The interest rate is guaranteed for the first year of your annuity along with a Bailout rate. We are able to pay above-market interest rates due to our below-average overhead and sales expenses as well as our consistent above-average financial performance.
Bailout Feature
Every year, 30 days prior to your contract anniversary, we will notify you of the next year’s guaranteed interest rate. If this interest rate is ever below your contract’s Projected Rate (also called the Bailout Rate), you will have until 30 days after your contract anniversary to notify the Company if you want to withdraw part or all of your annuity balance without any surrender charges.
Therefore, you can know that if your American Savings Life annuity ever pays less than the Bailout Rate, you can withdraw your funds free of any company penalty! (There may be a 10% IRS penalty on withdrawals prior to age 59 1/2).
The Eagle Series
3-Years: Issue ages 18-95
5-Years: Issue ages 18-90
(current age / last birthday)
|
3-Year Surrender Charge with Bailout Provision |
5.20% |
|
5-Year Surrender Charge with Bailout Provision |
5.40% |
For the Eagle Series Annuities – All existing surrender charges will continue upon death for the beneficiaries. There is no waiver of surrender charges upon death.
The Premier Series II
Issue ages 18-80
(nearest age / closest birthday)
|
3-Year Surrender Charge with Bailout Provision |
4.70% |
|
5-Year Surrender Charge with Bailout Provision |
4.90% |
For the Premier Series II Annuities – All existing surrender charges will be waived upon death for the beneficiaries.
- The Bailout Rate is guaranteed for the first year. All other year’s interest rates are declared annually with a projected interest rate equal to the Bailout Rate, and a Guaranteed Minimum Interest Rate of 2.50% for the life of the contract.
- Bailout Feature: If the annual renewal interest rate is ever less than the Bailout Rate, you may make a full or partial surrender within 30 days after the contract anniversary with no surrender charges.
- Premium amounts from $10,000 to $250,000 (call for possible higher exception amounts). Established as either a Traditional IRA, Roth IRA, or Non-Qualified account.
- Eagle Series: Monthly interest available immediately AND up to 10% withdrawals after the first contract anniversary date without a surrender charge.
- Premier Series: Monthly interest available immediately OR up to 10% withdrawals after the first contract anniversary date without a surrender charge.
- No Market Value Adjustment upon withdrawal (No MVA).
|
Overview & Comparison: Eagle Series & Premier Series II Single Premium Fixed Deferred Annuities |
||
|---|---|---|
| Features | Eagle Series | Premier Series II |
|
Interest Rate Options (Interest rates vary by the number of years chosen) |
Series 3: 3-year surrender charge Series 5: 5-year surrender charge |
|
| Issue Ages |
18-95 years old: Series 3 18-90 years old: Series 5 |
18-80 years old: All Series |
| Issue Age Determination | Age Last Birthday | Age Nearest Birthday |
| Minimum Premium | $10,000 | |
| Maximum Premium | $250,000 (higher amounts upon home office prior approval) | |
| Bailout Feature |
If the annual renewal interest rate is ever less than the Bailout Rate, the customer may make a full or partial surrender within 30 days after the contract anniversary with no surrender charges. |
|
| Bailout Rate Guarantee |
The Bailout Rate is guaranteed for the first year. All other years' interest rates are declared annually with a projected interest rate equal to the Bailout Rate. |
|
| Rate Lock Allowances |
For situations such as IRA transfers and IRC Section 1035 exchanges, an allowance will be made to lock-in the application date interest rate or pay a higher interest rate that may be available at the time of issue. |
|
|
Free withdrawal amounts during the surrender charge period |
Monthly interest AND 10% withdrawal per policy anniversary year |
Monthly interest OR 10% withdrawal per policy anniversary year |
|
Existing surrender charges upon death |
All existing surrender charges will continue upon death for the beneficiaries. There is no waiver upon death. |
No surrender charges upon death for the beneficiaries. |
| Market Value Adjustment |
There will never be a Market Value Adjustment (MVA) added to any potential early surrender charges. |
|
| Surrender Charge Waiver |
Surrender charges are waived if the contract is annuitized prior to the end of the surrender charge period, provided the annuitized payment option selected has a life contingency or a period certain of 10 or more years. |
|
|
Eagle Series & Premier Series II Policy Contract Year Surrender Charges
|
||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Policy Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
| Series 5 | 6.5% | 6.5% | 5.5% | 4.5% | 3.5% | -0- | -0- | -0- | -0- | -0- |
| Series 3 | 6.0% | 5.0% | 4.0% | -0- | -0- | -0- | -0- | -0- | -0- | -0- |
Many Ways to Access Your Funds
We understand that life happens and there are sometimes unexpected cash needs. The American Savings Life annuities offer these ways to access your annuity funds:
Regular Interest Payments
At any time, you may elect to begin having your earned interest paid to you as often as monthly.
Withdraw 10% of the Annuity Value Annually
Each year after the first year you may withdraw up to 10% of the annuity value with no surrender charge.
Required Minimum Distributions
Accommodates Traditional IRAs that need to payout the IRS required minimum distribution (RMD) each year.
Annuitization
Anytime you decide to “annuitize” your annuity (begin receiving regular payments for life or a set number of years), no surrender charges are assessed, provided the annuity payment option is for the life of the Owner or for at least 10 years.
Why Buy from American Savings Life
An Exceptionally Strong Life Insurance Company
Founded in 1954 in Phoenix, Arizona, American Savings Life has been consistently profitable every year for over 30 years. A commitment to conservative, profitable investments provides its policyholders strong financial assurance. American Savings Life is able to consistently pay above-average rates in large part due to our low overhead business model. We were founded on principles of frugality and conservatism which continue to be our guiding principles today.
30 Day Free Look
You have a full 30 days after you receive your annuity contract to change your mind for any reason and cancel your annuity; in which case you will promptly receive a full 100% refund.
Disclosures
Rates effective as of March 28, 2023 and are subject to change without notice. Withdrawals are subject to ordinary income taxes, and if taken prior to age 59-1/2 may incur an additional 10% federal penalty. Early surrenders may result in receipt of less than the original premium. Neither American Savings Life nor its producers give tax or legal advice. Consult a tax advisor for details on taxation. The Bailout Rate is guaranteed for the first year. All other years’ interest rates are declared annually with a projected interest rate equal to the Bailout Rate, and a Guaranteed Minimum Interest Rate of 2.50% for the life of the Contract. Annuity guarantees are backed by the financial strength and claims-paying ability of American Savings Life. The Premier Series II policy form 1500 is available in Arizona and Utah. The Eagle Series policy form 1700 is available in Arizona and Utah.
Comparison of Annuities with Certificates of Deposit
Click here to see how annuities compare to CDs.
The Power Of Tax Deferral
Click here to learn how tax deferral will help you.