ANICO Value-Lock 10
Status:
Active
Group:
American National
Company:
American National Insurance Company
Product Type:
Indexed Annuity
Product Status:
Draft
Version:
0
Inception Date:
May 24, 2005
Closed Date:
November 01, 2016
Last Modified:
April 29, 2019 10:19
Description:
The ANICO Value-Lock 10 is a single premium deferred index annuity with a market value adjustment (MVA varies by state). The minimum single premium is $4,000 for qualified and $5,000 for non-qualified money. 10% of the accumulated value may be withdrawn after the first policy year. Systematic Withdrawal is an option. Surrender charges are ten years in duration, vary by state, and are waived in the event of death, disability, entrance into a nursing home or hospital. May choose to stop future participation in the performance of the Index and lock in gains at anytime. Withdrawals and taxable distributions may be subject to ordinary income tax and if made prior to age 59 1/2, may also be subject to a 10% federal income tax penalty. Early surrender charges may also apply. Guarantees based on claims paying ability of insurer. Products / features may not be available in all states. This is an annuity contract issued by an insurance company and not a bank product protected by the FDIC.
Fee Based:
No
Free Look:
Yes
Plan Types:
401 (k), HR-10 (Keogh), 403 (b), Non-Qualified, IRA, IRA Rollover, IRA Transfer, SEP IRA, Spousal IRA, Others, 401 (a)
Premium Types:
Single
States Available:
AL, AK, AZ, AR, CA, CO, CT, DE, FL, GA, HI, ID, IL, IND, IA, KS, KY, LA, MZ, MD, MI, MS, MO, MT, NE, NV, NH, NM, NC, ND, OH, PA, RI, SC, SD, TN, TX, UT, VA, WA, WV, WI, WY, DC
States Exception:
Version Note:
Scrap Book:
Death benefits
| Name | Internal name | Sequence | Inception date |
|---|---|---|---|
| Basic Death Benefit | Basic Death Benefit | 1 |