Rates as of 09/01/2022

“Top 10”

 

Carpenter Enterprises, LLP

Subject to Change Without Notice!

 

P. O. Box 878

Wimberley, TX 78676

512-847-2433 or 1-800-955-2433

[email protected]

 

Insurance Company

Americo

Financial

Life

American
Life &
Security

Guaranty

Income

Life

Americo

Financial

Life

American
Life &
Security

Americo

Financial

Life

New Era &

Phil Amer &

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

AnnuityFund InvestmentType

MYGA

MYGA

MYGA

MYGA

MYGA

MYGA

MYGA

MYGA

MYGA

MYGA

FREE Annual Withdrawal

3% of
Acct Value

10% of  Prev
Yr
Ann Value

5% Prev Yr
Anniv Value

5% of
Acct Value

10% of  Prev
Yr
Ann Value

5% of
Acct Value

100%

Interest

Option

Rider

5% of
Acct Value

5% of
Acct Value

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

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

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

HO Rec+60

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

Kansas City

Lincoln

BatonRouge

Kansas City

Lincoln

Kansas City

Houston

Salt Lake City

Kansas City

Kansas City

 

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.


 

FISHER ANNUITY INDEX

 

09/01/2022

Average Rates for Multi-Year Guarantee Annuities (MYGA)
Averages and Number of Annuities count each band/tier as a separate annuity for this summary.

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.

300 West 11th Street

Kansas City

MO

64105

800-231-0801

www.Americo.com/

American Life & Security Corp.

2900 S. 70th St., Suite 400

Lincoln

NE

68506

800-715-1458

www.american-life.com

Guaranty Income Life Insurance Company

5801 SW 6th Ave

Topeka

KS

66636-1001

833-444-5426

www.GILICO.com

New Era Life Insurance Company

11720 Katy Freeway #1700

Houston

TX

77079-2663

877-368-4692

www.NewEraLife.com

New Era Life Insurance Co. of the Midwest

11720 Katy Freeway #1700

Houston

TX

77079-2663

877-368-4692

www.NewEraLife.com

Philadelphia American Life Insurance Co.

11720 Katy Freeway #1700

Houston

TX

77079-2663

877-368-4692

www.NewEraLife.com

Sentinel Security Life Insurance Company

1405 West 2200 South

Salt Lake City

UT

84119

800-247-1423

www.sslco.com

 

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 Texas, But May Not Be Approved In Other States!

 

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 PER YEAR: The number of times per year money may be withdrawn without surrender charges.

(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.

 

RRR

– 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!