American General Annuity
In today's financial market, a retirement
strategy wouldn't be complete unless part of it
provided growth while making sure that the
underlying assets are not subject to market
risk.
Today's successful retirement strategy involves
a variety of financial products, with different
risk and return qualities, to satisfy different
objectives.
AG HorizonMYG™
The AG HorizonMYG™ from American
General Life Insurance Company is a great way to
provide security for your hard-earned assets -
and yet still allow the growth you need as part
of your overall portfolio.
Fixed Annuities offer a guaranteed interest rate
for a set period of time; while the rate of
return may be adjusted periodically, it will not
fall below a guaranteed minimum. Your funds will
accumulate on a tax-deferred basis until you're
ready to begin receiving income.
- Multiyear Rate: Earn a
guaranteed interest rate for the
first six contract years
- Interest Bonus: Receive a
4
percent interest rate bonus during
the first contract year in
additional to the declared rate.
- Annuitization Feature: If you
start an income plan any time after
the fifth contract year and make the
stream of payments last at least
five years, the full annuity value
without withdrawal charges or MVA
will be used to determine the amount
of your payments.
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- Free Withdrawals: Each year
(including the first one), you may
withdraw up to 10 percent of your
annuity value as of the premiums
contract anniversary through partial
withdrawals or systematic
withdrawals without any withdrawal
charges or market value adjustment.
- Credit Interest Rate: Guaranteed
to never be less than 2.0 percent
(may be different in some states)
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AG HorizonPlus 2004™
A fixed annuity can be
an excellent choice for retirement goals that
require a safe, predictable source of income,
free from the fluctuations of the stock market.
- Multiyear Rate: Earn a
guaranteed interest rate for the
first six contract years
- Interest Bonus: Receive a
6
percent interest rate bonus
during the first contract year in
additional to the declared rate
- Extended Care Rider: If you find
yourself facing a long-term stay in
a nursing home or other qualified
institutions, you might be able to
make a withdrawal without a
withdrawal charge and/or MVA (some
restrictions apply)
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- Annuitization Feature: If you
start an income plan any time after
the fifth contract year and make the
stream of payments last at least
five years, the full annuity value
without withdrawal charges or MVA
will be used to determine the amount
of your payments
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AG HorizonSelect
Once you reach retirement age, a fixed annuity
such as AG HorizonSelect can also provide you
with a reliable income stream that can't be
outlived. Only annuities can make a claim this
strong - and stand behind it regardless of
future market conditions.
- Multiyear Rate: Earn a
guaranteed interest rate for the
first five, seven or ten contract
years
- Free Withdrawals: Each year
(including the first one), you may
withdraw up to 10 percent of your
annuity value as of the previous
contract anniversary through partial
withdrawals or systematic
withdrawals without any withdrawal
or MVA
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- End-of-Plan Option: On the final
contract anniversary of the selected
term (e.g., on the fifth contract
anniversary of a five-year plan),
the owner has the option to withdraw
part or all of the annuity value
without a withdrawal charge or MVA
- 100% Participation Rate (Guaranteed For The Life of The Contract)
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Forethought also offers Deferred Indexed Annuities
Forethought Destination Indexed Annuities all carry unique product design, especially with the 3 and 6 year products. They are also some of the highest commissioned indexed annuities in the market still providing huge override potential on large Street commissions.
Upside potential and downside protection
Indexed annuities provide the potential to earn more interest than traditional fixed accounts. Positive changes in the S&P 500® Index increase the amount credited to your account, while limiting the downside risk and protecting your principal by providing a guaranteed minimum interest rate.
- Fixed Account Strategy - Interest rate guaranteed for three years
- Annual Spread with Monthly Averaging
Over the Index Averaging Period
- Three Year Point-to-Point with Cap
- Three Year Monthly Point-to-Point with Cap
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Destination Index 3-Year
(0 through 85)
Funds selected are locked-in for 3
years.
| Contract Year |
1 |
2 |
3 |
4+ |
| Withdrawal Charge |
6% |
6% |
5% |
0% |
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Destination Index 6-Year
(0 through 80)
At the end of the first three year
period you may reallocate your funds
among the index strategies for another
three year period.
| Contract Year |
1 |
2 |
3 |
4 |
5 |
6 |
7+ |
| Withdrawal Charge |
6% |
6% |
5% |
5% |
4% |
3% |
0% |
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Destination Index 9-Year
(0 through 78)
At the end of the three and six year
periods you may reallocate your funds
among the index strategies for another
three year period.
| Contract Year |
1 |
2 |
3 |
4 |
5 |
6 |
7 |
8 |
9 |
10+ |
| Withdrawal Charge |
9% |
8% |
7% |
6% |
5% |
4% |
3% |
2% |
1% |
0% |
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The Guaranteed Lifetime Income Benefit provides
the owner with a guaranteed annual income for
life, even if the contract value falls to zero.
Index Strategy
- Annual Reset
- Annual Monthly Average Strategy
- NO SPREAD (Guaranteed for first 100 contract years)
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- NO CAP (Guaranteed For The Life of The Contract)
- 100% Participation Rate (Guaranteed For The Life of The Contract)
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Carrier Information
- A.M.
Best Rating A- (Excellent)
- Headquartered
In Indianapolis, IN
- Assets
in excess of $3.6 Billion
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- Life
insurance in-force over $4.4 Billion
- Policy owners
served exceeds 2 Million
- Annual revenue of
approximately $690 Million
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