American Freedom Aspire 3 features
ISSUE AGES
Qualified: 0–90 Non-qualified: 0–90 Inherited IRA: 0–75 Inherited non-qualified: 0–75
PURCHASE PAYMENT
You can purchase this annuity with a single purchase payment of $2,000 or more.
FEES
There are no upfront charges. All your money goes to work for you.
TERMS
This product has an initial three-year term and may offer the option to renew for additional three-year terms.
INTEREST RATES
Interest rates are guaranteed during each of the annuity’s three-year terms.
PENALTY-FREE WITHDRAWALS
During the first contract year, you may withdraw up to 10% of your purchase payment. After the first contract year, 10% of the account value on the most recent contract anniversary may be withdrawn. Amounts withdrawn in excess of the penalty-free withdrawal allowance may be subject to early withdrawal charges. During an initial term or a renewal term, an early withdrawal charge starting at 7% is applied to surrenders and withdrawals that exceed the 10% penalty-free amount.
EARLY WITHDRAWAL CHARGES
Term year
1
2
3 4+
Early withdrawal charge
7% 7% 7% 0%
RETURN OF PREMIUM GUARANTEE
If the unexpected occurs, you can surrender your American Freedom Aspire ® 3 without penalty beginning in contract year three. You’ll receive your purchase payments, minus withdrawals and any applicable taxes.
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