ASIA PLUS NY 7
Status:
Active
Group:
American National
Product Type:
Indexed Annuity
Product Status:
Approved
Version:
0
Inception Date:
September 01, 2015
Closed Date:
Last Modified:
March 02, 2026 12:04
Description:
The ASIA PLUS NY 7 is a single premium deferred index annuity. The minimum single premium is $5,000 for qualified and $10,000 for non-qualified money. 10% of the accumulated value may be withdrawn at the beginning of the contract year. Systematic Withdrawal is an option. Surrender charges are 7 years in duration and are waived in the event of death, disability, entrance into a nursing home or hospital 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 claims paying ability of insurer. 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:
NY
States Exception:
Version Note:
Scrap Book:
As per Rate sheet the GMIR changes in this product on date 03/01/2026.
Death benefits
| Name | Internal name | Sequence | Inception date |
|---|---|---|---|
| Basic Death Benefit | Basic Death Benefit | 1 |