Great American: American Legend III Annuity Review
The Great American American Legend III is a 7-Year Fixed Indexed annuity designed for growth. You can allocate your money, once a year on the policy anniversary, between a guaranteed interest rate account and a benchmark stock index account.
American Legend III Annuity Highlights:
- Competitive 5.25% cap rate on the Annual Point-to-Point strategy.
- Penalty-free interest withdrawals.
- Participate in stock market gains without any downside risk.
- Click to read the American Legend III company brochure.
|American Legend III Annuity Interest Rates|
|Index||Strategy||Cap Rates||Participation Rates|
|S&P 500||1 Year Mo. Sum w/ Cap||2.00%||N/A|
|1 Year Point-to-Point w/ Cap||5.25%||N/A|
|S&P 500 Risk Control||1 Year Point-to-Point w/ Cap||N/A||60%|
|iShares U.S. Real Estate||1 Year Point-to-Point w/ Cap||6.00%||N/A|
|GLD||1 Year Point-to-Point w/ Cap||5.50%||N/A|
|S&P U.S. Retiree Spending||1 Year Point-to-Point w/ Cap||N/A||75%|
|Declared Rate: 2.00%|
Frequently Asked Questions About the American Legend III Annuity:
Q: What is the minimum premium I need to pay?
Q: Am I paid a bonus on my initial premium at sign-up?
A:No. There is no premium bonus.
Q: Can I pay additional premium later on?
Q: Are there any age restrictions?
A:Yes. You can purchase this annuity up to age 85. In some states the age requirements may differ.
Q:In which states is the American Legend III annuity available?
A:The American Legend III annuity is not available in all states. Call 800-872-6684 to find out if it's available in your state.
Q: Does this annuity have an income rider (for withdrawing income)?
A:Yes. An income rider can be included with your contract for an additional fee.
Click here for the IncomeSecure rider brochure.
Click here for the IncomeSustainer Plus rider brochure.
Q: For how long are surrender charges in effect?
Q:Does the American Legend III annuity permit any withdrawals without penalties?
A:Yes, each year you may withdraw 10% of your account value penalty-free.
Q:What benchmark indices do the American Legend III offer?
Q: What are the index account options?
A:Monthly Sum and Annual Point-to-Point
Q: What is the Method for Crediting Interest or Gains?
A: Cap rates.
To review the American Legend III annuity with an agent or to receive a free personalized illustration call 800-872-6684 or fill in the "Get My Free Quote" form in the upper right section of this page. You can also post your questions in the "Add a comment..." section below.
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