AIG Flex One Annuity
Status:
Active
Group:
Company:
Western National
Product Type:
Fixed Annuity
Product Status:
Draft
Version:
0
Inception Date:
June 01, 1995
Closed Date:
February 16, 2005
Last Modified:
Description:
AIG Flex One Annuity is a Single Premium Deferred Annuity. The minimum initial contribution is $5,000 for Non-Qualified money and $2,000 for Qualified. In the first policy year, additional contributions can be made for $5,000 Non-qualified and $2,000 Qualified. Withdrawals are on an interest only basis. Systematic withdrawal is an option on a Monthly, Quarterly, or Semi-Annual basis. All contributions must be made within contract year one. There are seven years of surrender charges that are waived only in the event of death.
Fee Based:
No
Free Look:
Yes
Plan Types:
401 (k), 403 (b), Non-Qualified, IRA, IRA Rollover, IRA Transfer, SEP IRA, Spousal IRA, Others
Premium Types:
Limited Flexible
States Available:
AK, AL, AR, AZ, CA, CT, DC, DE, GA, HI, IA, ID, IL, KS, KY, IN, LA, MA, MD, ME, MI, MN, MO, MS, MT, NC, ND, NE, NJ, NM, NV, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VA, WA, WI, WV, WY
States Exception:
BERMUDA, CO, FL, GU, NH, NY, PR, VI, VT
Version Note:
Scrap Book: