AAAdvantage Annuity
Status:
Active
Group:
Company:
Auto Club Life Insurance Company
Product Type:
Fixed Annuity
Product Status:
Approved
Version:
0
Inception Date:
January 01, 1996
Closed Date:
January 01, 1998
Last Modified:
November 05, 2024 00:00
Description:
The AAAdvantage Annuity is a Flexible Premium product with a unique Travel Accident Death Benefit that provides up to a $100,000 benefit if the Annuitiant is killed in a vehicular accident (See Travel Accident Death Benefit Description). The minimum initial contribution is $5,000. Additional contributions can be made at any time for $500. There is an annual 10% free withdrawal of accumulated value. Surrender charges are seven years in length and are waived in the event of Annuitization, Death, and entrance into a Nursing Home.
Fee Based:
No
Free Look:
Yes
Plan Types:
Non-Qualified, IRA, IRA Rollover, IRA Transfer, SEP IRA
Premium Types:
Flexible
States Available:
CA, MI, OH, WA
States Exception:
AK, AL, AR, AZ, BERMUDA, CO, CT, DC, DE, FL, GA, GU, HI, IA, ID, IL, KS, KY, IN, LA, MA, MD, ME, MN, MO, MS, MT, NC, ND, NE, NH, NJ, NM, NV, NY, OK, OR, PA, PR, RI, SC, SD, TN, TX, UT, VA, VI, VT, WI, WV, WY
Version Note:
Scrap Book: