CUSIP Number:
00136R453
CUSIP Name:
3-year
Product Policy Type:
Fixed Annuity
Inception Date:
Close Date:
CUSIP Note:
Scrap Book:
The American Pathway Security Builder 5 Annuity is a single premium deferred fixed annuity. The minimum premium is $10,000 for qualified funds non-qualified funds. After 30 days, there is an annual withdrawal of up to 15% available of the last anniversary's account value, cumulative to 20%. Systematic withdrawals are also an option. Surrender charges are five years in length (7,7,6,5,3) and are waived in the event of death, entrance into a nursing home or hospital, diagnosis of a terminal illness, or if the owner is unable to perform certain activities of daily living. 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:
23 Aug 2023 20:19