How and when you will save for retirement are some of the most important financial decisions that you may make in your life. You want peace of mind that your money is secure has the opportunity to grow, and will be there when you need it. With Americo Platinum Assure fixed annuity, you can feel comfortable knowing that your money is earning a guaranteed interest rate for the entire period.
- “A” Rated Insurance Company
- 2 to 7 -Year Surrender Charge Periods
- 10% penalty-free yearly withdraws, including the first year
- Systematic monthly interest option
- 45-day rate lock
- Nursing Home waiver
- Single premium tax-deferred annuity
- Issue ages 0 – 90
About Americo Annuities
All earnings in your Americo Platinum Assure fixed annuity will grow income tax-deferred until withdrawn. That means money that would have otherwise been used to pay taxes can remain in your annuity and compound over time.
Safety and Security
The interest rate for your Platinum Assure fixed annuity is guaranteed for the entire period. After the period, you can choose to withdraw your money without any penalties.
Ability to Access your Money
Withdraw up to 10% of your Account Value once in each contract year without incurring a surrender charge or Market Value Adjustment. Amounts taken in excess of the 10% may be subject to charges and Market Value Adjustments.
Your beneficiaries will receive the full Account Value of your Platinum Assure fixed annuity. Life Insurance is also an inexpensive way to leave a death benefit for beneficiaries, tax-free.
Nursing Home Waiver
Americo’s Platinum Assure fixed annuity provides a Waiver of Surrender Charge Upon Nursing Home or Hospital Confinement Endorsement (Endorsement 4139).
If you are subsequently confined to a qualified nursing home or hospital for at least 90 consecutive days, this waiver provides access to your entire Account Value with no surrender charges. (May not be available in all states.)
Should you need to terminate your policy early, or take a withdrawal in excess of the 10% annual penalty-free withdrawal privilege, a surrender charge will apply.
After the period is complete, there are no charges.
Market Value Adjustment Feature
Due to fluctuations in the general interest rate environment, this annuity, like many others, contains a Market Value Adjustment (MVA) feature.
With an MVA, your surrender value may increase or decrease depending on changes in the U.S. Treasury rates.
The adjustment applies to amounts received upon a partial or full surrender if made during the period.
It also applies if the policy is annuitized during the guarantee period regardless of whether or not the surrender charges are waived under certain provisions.
The adjustment does not apply when funds are withdrawn under the 10% penalty-free withdrawal provision.