The Eagle Series Annuities are available in Arizona and Utah. The Premier Series II Annuities are available in Arizona and Utah.
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.
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 2.0% 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.
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.
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).
Issue ages 18-80
The above bailout rates for the Premier Series II and the Eagle Series annuities are effective 3/13/2020 and are subject to change. Issue ages: Premier Series II uses age nearest birthday and the Eagle Series uses age last birthday.
Series 3 & 5 issue ages 18-95; Series 7 & 9 issue ages 18-90
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. (See the below chart for surrender charges)
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:
At any time, you may elect to begin having your earned interest paid to you as often as monthly.
Each year after the first year you may withdraw up to 10% of the annuity value with no surrender charge.
Accommodates Traditional IRAs that need to payout the IRS required minimum distribution (RMD) each year after age 70 1/2.
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.
Use the online calculator to see for yourself what an American Savings Life Deferred Annuity can do for you.
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.
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.
Rates effective as of November 25, 2019 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 2.0% 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.