The Monthly Sum strategy credits interest on an annual basis by comparing the monthly changes in the S&P 500 ® Index. 4 Each month, American National will calculate the changes in the index value compared to the previous month. * The monthly cap limits the final interest rate credited. At the end of the segment term, the 12 values are summed to determine the annual interest credited with a floor rate of zero. S&P 500 ® Monthly Sum Strategy S&P 500 ® Index One Year Total Sum Performance with Monthly Cap
Hypothetical Examples 1
Example 1
Example 2
Monthly Change 1.8% Cap
Monthly Change 1.8% Cap
Months
Index Change
Index Change
1 2 3 4 5 6 7 8 9
4.0% 2.0% -3.0% 1.0% -1.0% 0.0% 3.0% -2.0% 4.0% 1.5% -1.0% 2.0%
1.8% 1.8% -3.0% 1.0% -1.0% 0.0% 1.8% -2.0% 1.8% 1.5% -1.0% 1.8% 4.5%
4.0% 2.0% -6.0% 1.0% -2.0% 0.0% 3.0% -4.0% 4.0% 1.5% -2.0% 2.0%
1.8% 1.8% -6.0% 1.0% -2.0% 0.0% 1.8% -4.0% 1.8% 1.5% -2.0% 1.8% -2.5%
10 11 12
Total
Interest Rate Credited
4.5%
0% Cannot be credited lower than 0%. 2
*The index changes illustrated are hypothetical and are only intended to show how this strategy would work. At the end of the segment term, the segment earnings are calculated. When considering the various participation rates, you should choose a strategy based on how you believe the index may perform over the one-year segment term. At any given contract anniversary some of the strategies may not be available due to economic conditions.
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ASIA PLUS 10 / AMERICAN NATIONAL
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