Annuities are issued by American General Life Insurance Company (AGL), 2727-A Allen Parkway, Houston, Texas 77019. Capital and Surplus: $6,288,673,091.
All names, marks, and materials used for the reviews on this site are property of their respective owners, and not those of AnnuityGator.com. These include the following situations:Extended Care – After the first contract year (the second year, if in New York), early withdrawal charge fees will be waived if the annuity owner is confined to a qualifying institution or an extended care facility for 90 consecutive days or longer.Terminal Illness – Early withdrawal charge fees will be waived on one full or partial withdrawal upon the diagnosis of a terminal illness that will result in the death of a contract owner within one year. All content is for educational purposes only. eService. You can selectively provide your consent below to allow such third party embeds. The underwriting risks, financial and contractual obligations and support functions associated with the annuities issued by American In fact, one place where you could incur a substantial fee is if you opt to withdraw more than 15% of the contract’s value. I have been trying to contact you to obtain information about two existing policies. Or, if its easier (and so that you don’t have to dial in), you can set up a specific time to chat by going through our direct online contact form at: AnnuityGator.com offers independent annuity product reviews. If you choose to surrender your contract before theThis material was prepared to support the marketing of X5 Advantage Annuity. AIG Retirement Services represents … I spent 20 minutes navigating a phone tree before being routed to a non-English speaking person who transferred me to someone who hung up on me. You can selectively provide your consent below to allow such third party embeds. In fact, the low rate here is barely that of a savings or money market account – even though your funds won’t be very liquid (i.e., accessible, at least without incurring a surrender/withdrawal penalty).And, while these low rates might appear to be a good tradeoff for safety, the reality is that you could end up being unable to meet, much less beat, the rate of inflation over time.
Annuities and riders may vary by state and are not available in all states.© 2020 American International Group, Inc. All Rights Reserved.
In this case, you could be hit with a withdrawal charge.These charges begin at 9% in the first contract year, and they grade down over time as follows:In addition, withdrawals of interest prior to turning age 59 1/2 could also subject you to an additional “early withdrawal charge” of 10% by the IRS.This annuity may be a good product for those who are looking for the following benefits:But, even with all of its benefits, this annuity may not be right for everyone – particularly those who:May need to take large withdrawals during the surrender periodThere are a number of key factors that should ideally be taken into consideration if you are thinking about purchasing an annuity.
This is certainly the case with this annuity.First, due to the painfully low-interest-rate environment that the U.S. has been stuck in for roughly ten years now, don’t expect that the rate you get will really grow your money all that much. Because of that, the demand for fixed-rate annuities – which are always backed by insurance companies – has been steadily increasing ever since market volatility has become the norm rather than the exception over the past several years. (If your spouse is the sole beneficiary, then he or she may alternatively elect to become the new owner of the annuity and continue the contract).There are also several instances where you could receive a waiver of the surrender charges if you need to take money out of the annuity. These strategies may help you feel. This, in turn, could have a negative impact on how much you are able to spend on the goods and the services that you need in the future.So, prior to diving into a long-term financial commitment on the AIG / American General American Pathway annuity – or any annuity – be sure that you are aware of what you are giving up in return for what you’re getting.Even though there is no up-front charge on this annuity, as well as no annual fees, don’t let that make you believe that you won’t have any type of fees or charges at all with this annuity. We are a team of experienced financial professionals who are dedicated to providing non-biased and in-depth reviews of annuity products. Whether you're tracking your current variable annuity investments or exploring new options, you can easily access the most current performance information.Access retirement focused programs and online tools all designed to help you keep your retirement and income strategies on track.Stay current on news and events that can impact your retirement with these timely articles, ideas, commentaries and white papers.Give clients the protection of a fixed annuity, the potential for tax-deferred interest earnings based on the performance of a specific index, and the opportunity for guaranteed income for life.Bring together a combination of growth potential, beneficiary protection and optional income protection features to help you address todayâs retirement challenges.Customize your retirement income solution with guaranteed interest earnings, principal protection and no market participation â plus options for lifetime income you canât outlive. This information is general in nature, may be subject to change and does not constitute legal, tax or accounting advice from any company, its employees, financial professionals or other representatives. Life insurance and annuities issued by American General Life Insurance Company (AGL), Houston, TX except in New York, where issued by The United States Life Insurance Company in the City of New York (US Life).
(Here, the written documentation from a qualified physician is required).Activities of Daily Living (ADLs) – After the first contract year, early withdrawal charge fees will be waived if the owner of the annuity is unable to perform – based on the written certification of a licensed health care practitioner – two or more of six defined activities of daily living (ADSs) for at least 90 consecutive days. X5 Advantage may not be appropriate if you plan to make ongoing contributions.Indices are not a permanent part of the contract and may be removed due to circumstances beyond the control of American General Life Insurance Company.