CUSIP Number:
38983V185
CUSIP Name:
Non-MVA Annuity
Product Policy Type:
Indexed Annuity
Inception Date:
07 Jul 2021
Close Date:
CUSIP Note:
Scrap Book:
The American Freedom Liberty 5 Non-MVA CA (PNC) is a modified premium deferred index annuity. The minimum initial premium is $25,000 for qualified and non-qualified money. Additional contributions can be made for $2,000 or more. 10% of the purchase payment may be withdrawn during the first policy year and 10% of the account value as of the prior anniversary plus any purchase payments received since may be withdrawn after the first policy year without a surrender charge. Systematic Withdrawal is an option. Surrender charges are 5 years in duration and are waived in the event of death, annuitization, entrance into a nursing home, or diagnosis of a terminal illness. 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 the claims-paying ability of the 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:
19 Feb 2026 11:05