American Life & Security Corp.
2900 South 70 th Street, Suite 400 Lincoln, NE 68506 Phone: 402-489-8266 Fax: 402-489-8295 customerservice@american-life.com
www.american-life.com
> Guarantees are based on the claims paying ability of American Life & Security Corp. Withdrawals of taxable amounts are subject to income tax and may be subject to a market value adjustment, and if taken prior to age 59½, a 10% IRS penalty may also apply. Withdrawals, which may be subject to surrender charges and a market value adjustment, have the effect of reducing benefits and values. > For Owners who are taking Required Minimum Distributions from IRAs, the annual RMD for the current year should be taken prior to qualified funds transfer to American Life. Any RMD in Year 1 is subject to surrender charge and MVA. > Investment in an annuity with qualified funds or in an IRA does not provide any additional tax benefits as the account is already tax deferred. There are no additional tax deferral benefits available for these assets and therefore an annuity should only be purchased to take advantage of the product’s other features, such as lifetime income and death benefits. > This material is intended to provide an overview of American Life’s Classic MYGA product and is not considered tax advice. You should consult with a tax advisor or legal counsel for advice specific to your personal financial situation. There are no additional tax deferral benefits for contracts held in IRAs as they are already a tax deferred account. > Insurance products are issued by American Life & Security Corp. and are not offered in all states. The product feature may vary by state. Refer to the product rate sheet for more information.
Photography Credits: Hunter Wiseley on Unsplash (Cover) Abhiram Prakash on pexels (p2) Aaron Burnett, “Absakora Sunset” (p4) Andrea Reiman on Unsplash (p6) Steve Cartner on Unsplash (p10)
Not guaranteed by any bank or credit union - may lose value - not a deposit - not insured by any federal government agency
Graphic Design: Till Sperrle
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American Life & Security Corp.
American Life & Security Corp.
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