CUSIP Number:
02639V387
CUSIP Name:
12 Year Annuity
Product Policy Type:
Indexed Annuity
Inception Date:
Close Date:
CUSIP Note:
Scrap Book:
The AG HorizonIndex 12 is a single premium deferred index annuity with a market value adjustment (not available in all states).. The minimum single premium is $5,000 for qualified and non-qualified money. 10% of the accumulated value may be withdrawn each policy year. Systematic Withdrawal is an option. There are twelve years of surrender charges (12,12,12,12,12,11,10,9,8,7,5,3) that are waived in the event of annuitization after the fifth policy year, death, or entrance into a nursing home. There is an optional Death Benefit Rider which, if elected, will reduce the premium bonus in the first policy year. 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.
Last Modified:
01 Aug 2023 11:40