Rates as of
09/01/2022
|
“Top 10”
|
|
Carpenter Enterprises, LLP
|
|
Subject to Change Without Notice! |
|
512-847-2433 or 1-800-955-2433 |
|
Insurance Company |
Americo Financial Life |
American
Life &
Security |
Guaranty Income Life |
Americo Financial Life |
American
Life &
Security |
Americo Financial Life |
New Era
& NewEra MW |
Sentinel
Security
Life
|
Americo Financial Life |
Americo Financial Life |
|
Name of Annuity |
PlatinumAssure2 |
AmericanClassic3 |
GuarRateLock3 |
PlatinumAssure4 |
AmericanClassic5 |
PlatinumAssure5 |
SecureChoice5 |
PersonalChoice5 |
PlatinumAssure6 |
PlatinumAssure7 |
|
Policy Form Number |
320 |
ICC18-MYGA |
GI-MYGA02 |
320 |
ICC18-MYGA |
320 |
A-0045 |
SSLANPOL11-TX |
320 |
320 |
|
Average Annual
Yield |
3.50% |
4.10% |
3.95% |
4.10% |
4.30% |
4.25% |
4.30% |
4.50% |
4.35% |
4.50% |
|
Rate Guarantee Period |
2 Years |
3 Years |
3 Years |
4 Years |
5 Years |
5 Years |
5 Years |
5 Years |
6 Years |
7 Years |
|
Minimum Non-Qualified |
$20,000 |
$1,000 |
$100,000 |
$20,000 |
$1,000 |
$20,000 |
$10,000 |
$10,000 |
$20,000 |
$20,000 |
|
Amount Qualified |
$20,000 |
$1,000 |
$100,000 |
$20,000 |
$1,000 |
$20,000 |
$10,000 |
$10,000 |
$20,000 |
$20,000 |
|
Initial Period Rate |
3.50% |
4.10% |
3.95% |
4.10% |
4.30% |
4.25% |
4.30% |
4.50% |
4.35% |
4.50% |
|
Other
Rate Information |
|
4.25% |
3.85% |
|
4.42% |
|
4.40% |
Optional |
|
|
|
|
|
Effective Rate |
Rate For |
|
Effective Rate |
|
Rate For |
Liquidity |
|
|
|
|
|
w/ 0.45% |
Premiums |
|
w/
0.60% |
|
Internal |
Riders |
|
|
|
|
|
Loyalty
Bonus |
$10K-$99,999 |
|
Loyalty
Bonus |
|
Exchanges |
available with |
|
|
|
|
|
No W/D exc RMD |
|
|
No W/D exc RMD |
|
Only |
Lower Rate |
|
|
|
v New Rate Effective Date |
|
|
|
|
|
|
|
|
|
|
|
New Average Annual Yield |
|
|
|
|
|
|
|
|
|
|
|
Minimum Rate After InitPer |
1.00% |
1.00% |
0.50% |
1.00% |
1.00% |
1.00% |
2.00% |
1.00% |
1.00% |
1.00% |
|
After IP – Rate Subject To |
Fixed |
Fixed |
Fixed |
Fixed |
Fixed |
Fixed |
Fixed |
Fixed |
Fixed |
Fixed |
|
|
MYGA |
MYGA |
MYGA |
MYGA |
MYGA |
MYGA |
MYGA |
MYGA |
MYGA |
MYGA |
|
FREE Annual Withdrawal |
3% of |
10% of
Prev |
5% Prev Yr |
5% of |
10% of
Prev |
5% of |
100% Interest |
Option Rider |
5% of |
5% of |
|
Free Withdrawals Per Year |
1 |
1 (Yr2+) |
4 (Yr2+) |
1 |
1 (Yr2+) |
1 |
12 |
Option |
1 |
1 |
|
Monthly Income Checks |
Yes |
Yes
(Yr2+) |
Yes
(Yr2+) |
Yes |
Yes (Yr2+) |
Yes |
Option |
Yes |
Yes |
|
|
|
|
|
($250
min) |
|
|
|
($125
min) |
($100 min) |
|
|
|
Type of Funds Accepted: |
Non-Qualified |
Non-Qualified |
Non-Qualified |
Non-Qualified |
Non-Qualified |
Non-Qualified |
Non-Qualified |
Non-Qualified |
Non-Qualified |
Non-Qualified |
|
IRA-SEP-Roth |
IRA-SEP-Roth |
IRA-Roth |
IRA-SEP-Roth |
IRA-SEP-Roth |
IRA-SEP-Roth |
IRA-SEP |
IRA-SEP-Roth |
IRA-SEP-Roth |
IRA-SEP-Roth |
|
|
Issue Ages: |
0 – 90 |
0 – 90 |
0 – 100 |
0 – 90 |
0 – 90 |
0 – 90 |
0 – 90 |
0-59 60-90 |
0 – 85 |
0 – 85 |
|
Surrender
Penalty Charges |
MVA + |
MVA + |
MVA + |
MVA + |
MVA + |
MVA + |
MVA + |
MVA + |
MVA + |
MVA + |
|
Year 1 |
9% |
9% |
9% |
9% |
9% |
9% |
5% |
9% 8% |
9% |
9% |
|
2 |
8% |
8% |
8% |
8% |
8% |
8% |
5% |
8% 7% |
8% |
8% |
|
3 |
|
7% |
7% |
7% |
7% |
7% |
5% |
7% 6% |
7% |
7% |
|
4 |
|
|
|
6% |
6% |
6% |
5% |
6% 5% |
6% |
6% |
|
5 |
|
|
|
|
5% |
5% |
5% |
5% 4% |
5% |
5% |
|
6 |
|
|
|
|
|
|
|
|
4% |
4% |
|
7 |
|
|
|
|
|
|
|
|
|
3% |
|
8 |
|
|
|
|
|
|
|
|
|
|
|
9 |
|
|
|
|
|
|
|
|
|
|
|
10 |
|
|
|
|
|
|
|
|
|
|
|
Penalty Applied from Date of |
Contract |
Cont/Renew |
Cont/Renew |
Contract |
Cont/Renew |
Contract |
Contract |
Cont/Renew |
Contract |
Contract |
|
Action Req’d End of Period |
NONE |
RRR |
RRR |
NONE |
RRR |
NONE |
NONE |
RRR |
NONE |
NONE |
|
PenaltyWaivedw/PayOutOver |
NO |
5 Years w/MVA |
NO |
NO |
5 Years w/MVA |
NO |
5 Years |
NO |
NO |
NO |
|
PenaltyWaived @ Death of |
Owner |
Owner |
Owner |
Owner |
Owner |
Owner |
Option |
Owner |
Owner |
|
|
UpFront Charges/Annual Fees |
NONE |
NONE |
NONE |
NONE |
NONE |
NONE |
NONE |
NONE |
NONE |
NONE |
|
Additional Premium Allowed |
NO |
NO |
NO |
NO |
NO |
NO |
NO |
NO |
NO |
NO |
|
Days Rate Held on Transfers |
HO Rec+45 |
Chg+30days |
HO Rec+45 |
HO Rec+45 |
Chg+30days |
HO Rec+45 |
Chg+45days |
HO Rec+45 |
HO Rec+45 |
|
|
Free Look Period |
20 Days |
30 Days |
30 Days |
20 Days |
30 Days |
20 Days |
20 Days |
21 Days |
20 Days |
20 Days |
|
A.M. Best Rating |
A |
B++ |
B++ |
A |
B++ |
A |
A- |
B++ |
A |
A |
|
Company Assets (in Millions) |
$6,172 |
$1,212 |
$3,668 |
$6,172 |
$1,212 |
$6,172 |
$651 |
$877 |
$6,172 |
$6,172 |
|
Year Company Founded |
1946 |
1960 |
1926 |
1946 |
1960 |
1946 |
1924 |
1948 |
1946 |
1946 |
|
Insurance Company Type |
Legal
Reserve |
Legal
Reserve |
Legal
Reserve |
Legal
Reserve |
Legal
Reserve |
Legal
Reserve |
Legal
Reserve |
Legal
Reserve |
Legal
Reserve |
Legal
Reserve |
|
Home Office |
|
|
BatonRouge |
|
|
|
|
|
|
|
|
|
MO |
NE |
LA |
MO |
NE |
MO |
TX |
UT |
MO |
MO |
|
Ultimate Parent Company |
Americo Life, Inc. |
Midwest
Holdings, Inc |
Kuvare Holdings LP |
Americo Life, Inc. |
Midwest
Holdings, Inc |
Americo Life, Inc. |
New Era Enterprises |
Advantage Capital Partners |
Americo Life, Inc. |
Americo Life, Inc. |
|
10/21 |
|
2.25% |
2.00% |
|
2.95% |
|
3.00% |
3.00% |
|
|
|
11/21 |
|
2.25% |
2.00% |
|
2.95% |
|
3.00% |
3.15% |
|
|
|
12/21 |
|
2.25% |
2.00% |
|
2.95% |
|
3.10% |
3.15% |
|
|
|
01/22 |
|
2.25% |
2.00% |
|
2.95% |
|
3.10% |
3.15% |
|
|
|
02/22 |
|
2.25% |
2.30% |
|
2.95% |
|
3.10% |
3.15% |
|
|
|
03/22 |
|
2.25% |
2.60% |
|
2.95% |
|
3.10% |
3.15% |
|
|
|
04/22 |
|
2.80% |
2.75% |
|
3.30% |
|
3.20% |
3.15% |
|
|
|
05/22 |
|
3.15% |
3.25% |
|
3.50% |
|
3.40% |
3.50% |
|
|
|
06/22 |
NewAnnuity |
3.85% |
3.60% |
NewAnnuity |
4.05% |
NewAnnuity |
3.65% |
4.05% |
NewAnnuity |
NewAnnuity |
|
07/22 |
3.00% |
3.85% |
3.60% |
3.85% |
4.05% |
4.20% |
4.00% |
4.05% |
4.30% |
4.50% |
|
08/22 |
3.15% |
4.10% |
3.95% |
3.90% |
4.30% |
4.25% |
4.20% |
4.50% |
4.35% |
4.50% |
|
09/22 |
3.50% |
4.10% |
3.95% |
4.10% |
4.30% |
4.25% |
4.30% |
4.50% |
4.35% |
4.50% |
v New Rate Effective Date –
Applications received in the Ins. Co. Home Office On or After that date will
receive the new rate.
|
|
09/01/2022 |
|||||||||||
|
Average
Rates for Multi-Year Guarantee Annuities (MYGA) |
||||||||||||
Years
|
1 |
2 |
3 |
4 |
5 |
6 |
7 |
8 |
9 |
10 |
||
|
#
of Companies |
1 |
5 |
42 |
13 |
57 |
16 |
44 |
7 |
8 |
21 |
||
|
#
of Annuities |
1 |
8 |
87 |
32 |
129 |
37 |
115 |
17 |
14 |
38 |
||
|
Current
Avg |
1.50% |
3.20% |
3.41% |
3.41% |
3.67% |
3.58% |
3.63% |
3.59% |
3.95% |
3.86% |
||
|
1 Week Ago |
1.50% |
3.20% |
3.41% |
3.41% |
3.67% |
3.58% |
3.63% |
3.59% |
3.95% |
3.86% |
||
|
4
Weeks Ago |
1.50% |
3.20% |
3.41% |
3.41% |
3.67% |
3.58% |
3.63% |
3.59% |
3.95% |
3.86% |
||
|
12
Weeks Ago |
1.50% |
3.16% |
3.38% |
3.32% |
3.65% |
3.51% |
3.61% |
3.52% |
3.95% |
3.85% |
||
|
52
Weeks Ago |
1.00% |
2.27% |
3.10% |
3.21% |
3.32% |
3.32% |
3.26% |
3.50% |
3.69% |
3.55% |
||
Insurance Companies on the Top
10
Company
|
Mail Address |
City |
State |
Zip Code |
Phone |
Web Site |
|
Americo Financial Life
& Annuity Ins. Co. |
|
|
MO |
64105 |
800-231-0801 |
|
|
American Life & Security
Corp. |
|
|
NE |
68506 |
800-715-1458 |
|
|
Guaranty Income Life
Insurance Company |
|
|
KS |
66636-1001 |
833-444-5426 |
|
|
New Era Life Insurance
Company |
11720 |
|
TX |
77079-2663 |
|
|
|
New Era Life Insurance
Co. of the |
11720 |
|
TX |
77079-2663 |
|
|
|
Philadelphia American
Life Insurance Co. |
11720 |
|
TX |
77079-2663 |
|
|
|
Sentinel Security Life
Insurance Company |
1405 West 2200 South |
|
UT |
84119 |
800-247-1423 |
|
The description of all contracts shown as the "Top
10 Annuities" was furnished by the insurance companies to The Fisher
Agency. If you have questions
regarding any contract, please contact a representative of that insurance
company or The Fisher Agency, who has been appointed as a representative of
all insurance companies shown. |
|
All Annuities Shown Are Approved
In |
|
A.M. Best
Rating: Reflects their current
opinion of the relative financial strength and operating performance of an
insurance company in comparison to the norms of the life/health insurance
industry. The Best’s Ratings are
neither a warranty of an insurer’s current or future ability to meet its
contractual obligations nor a recommendation of the company’s insurance
policies, policy provisions, policy suitability, rates or claims practices. |
DEFINITIONS
|
INTEREST RATES: All rates shown are the Effective Annual Yields after the Nominal interest rate is credited and compounded daily. AVERAGE ANNUAL YIELD: Average annual yield until surrender charge period expires or until initial guaranteed rate period expires. |
|
|
MINIMUM RATE AFTER INITIAL GUARANTEED PERIOD: The rate of interest guaranteed after the initial rate period. Normally the minimum guaranteed rate for the lifetime of the contract. |
|
|
BAIL OUT INTEREST RATE: Surrender charges will be waived for a period of time (usually 60 days) from each anniversary, during the surrender charge period, if the declared rate is below the Bail Out Rate as specified in the contract. |
|
|
FREE ANNUAL WITHDRAWAL: The Amount available to be withdrawn per contract year without surrender charges. (Examples are shown below) |
|
|
100% Interest |
– All interest earned and/or accumulated in contract. |
|
10% Ann Val |
– Up to 10% of the previous year end accumulated annuity value after the 1st contract year. |
|
FREE
WITHDRAWALS |
|
|
(Examples) 1 or 2 |
– 1 to 2 Times OR Monthly Checks. Normally for a certain minimum amount. May also be paid quarterly. |
|
MVA: Market Value Adjustment may increase or decrease your annuity early surrender value. If interest rates have gone down since the issue date, your surrender value will be higher. If rates have gone up, your surrender value will be lower. |
|
|
ANNUITY FUND INVESTMENT TYPE:
Method company uses to set rates during and/or after initial rate period. |
|
||
|
MYGA (aka “CD” Type) |
– Multi Year Guarantee Annuity: 100% of the value is
available at the end of the initial guaranteed rate period or end of penalty
period, whichever occurs first. |
||
|
Portfolio |
– Pooled by
type of annuity. All annuities of this
type will earn the same rate after the initial rate guarantee period. |
||
|
Banded |
– Pooled by
rate and/or time period. Old annuities
may earn higher or lower rate than New annuities. |
||
|
ACTION REQUIRED @ END OF SURRENDER CHARGE PERIOD: |
|
||
|
NONE |
– No action required by contract owner. Annuity will automatically continue to earn
interest. Surrender charge will expire for the lifetime of the
contract at the end of the surrender charge period. |
|
|
|
|
– Must choose
one of the following options: |
|
|
|
|
Renew |
– Annuity for
a new period. |
|
|
|
Remove |
– Surrender
for cash value. |
|
|
|
Rollover |
– Transfer to
a new annuity. |
|
|
DAYS RATE HELD ON TRANSFERS: (From other Financial Institutions) |
|
||
|
HO Rec + 60 |
– Current rate
will be held on transfers for 60 days from date forms are received in the
insurance company home office. |
|
|
|
Chg + 45 |
– Rate will be
held for 45 days from date of rate change. |
|
|
|
PENALTY WAIVED w/PAY OUT
OVER: (Example: Insurer will waive surrender penalties if Owner accepts a 5
year Fixed Period Payout Option.) |
|
||
|
Insurance products and Annuities
are not deposits of, or guaranteed by any bank and are not insured by the
Federal Deposit Insurance Corporation or any other agency of the United
States Government. All guarantees are
subject to the financial strength of the issuing insurance company. |
|
All
terms, definitions, policy benefits, costs, and limitations will vary
depending on the insurance company and owner state of residence when contract
is issued. |
|
Any Comparison Should Take Into Consideration All
Exclusions And Limitations Contained In Each Contract! |
This form may NOT be reproduced, distributed, nor altered in any form without prior permission of the publisher!