Deferred Annuity

The Eagle Series Annuities are currently only available in Arizona.
The 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 2.0% 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.

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 Premier Series II

Issue ages 18-80

Series 9
9-Year Surrender Charge
3.60%
Series 7
7-Year Surrender Charge
3.35%
Series 5
5-Year Surrender Charge
3.10%
Series 3
3-Year Surrender Charge
2.85%

The above bailout rates for the Premier Series II and the Eagle Series annuities are effective 11/25/2019 and are subject to change. Issue ages: Premier Series II uses age nearest birthday and the Eagle Series uses age last birthday.

The Eagle Series

Series 3 & 5 issue ages 18-95; Series 7 & 9 issue ages 18-90

Series 9
9-Year Surrender Charge
3.75%
Series 7
7-Year Surrender Charge
3.50%
Series 5
5-Year Surrender Charge
3.25%
Series 3
3-Year Surrender Charge
3.00%

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)

  • 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.
  • 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.
  • $10,000 to $100,000 premium (call for home office approval of higher amounts). IRAs & Non-Qualified funds.
  • Premier Series II: Up to 10% policy year withdrawals without surrender charges after first year OR monthly interest available immediately ($200 minimum); Eagle Series: Up to 10% policy year withdrawals AND/OR monthly interest.
  • No Market Value Adjustment (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
Series 7: 7-year surrender charge
Series 9: 9-year surrender charge
Issue Ages 18-95 years old: Series 3 & 5 years
18-90 years old: Series 7 & 9 years
18-80 years old: All Series Years
Issue Age Determination Age Last Birthday Age Nearest Birthday
Minimum Premium $10,000
Maximum Premium $100,000 (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 9 8.0% 7.0% 6.0% 5.5% 4.5% 3.5% 2.5% 1.5% 1.0% -0-
Series 7 7.0% 7.0% 6.0% 5.5% 4.5% 3.5% 2.5% -0- -0- -0-
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 after age 70 1/2.

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.

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.

Deferred Annuity Calculator

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 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 currently available only in Arizona.

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