Great American ~ American Legend 7 Annuity Review

great american legend 7

The Great American American Legend 7 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 7 Annuity Highlights:

+CLICK TO VIEW CURRENT INTEREST RATES
American Legend 7 Annuity Interest Rates Premiums $100,000 and higher
Index Strategy Cap Rates Participation Rates
S&P 500 1 Year Mo. Sum w/ Cap 2.50% N/A
1 Year Point-to-Point w/ Cap 6.40% N/A
S&P 500 Risk Control 1 Year Point-to-Point w/ Cap N/A 70%
iShares U.S. Real Estate 1 Year Point-to-Point w/ Cap 8.25% N/A
GLD 1 Year Point-to-Point w/ Cap 7.25% N/A
S&P U.S. Retiree Spending 1 Year Point-to-Point w/ Cap N/A 75%
Declared Rate: 3.00%
American Legend 7 Annuity Interest Rates Premiums $99,999 and lower
Index Strategy Cap Rates Participation Rates
S&P 500 1 Year Mo. Sum w/ Cap 2.30% N/A
1 Year Point-to-Point w/ Cap 6.15% N/A
S&P 500 Risk Control 1 Year Point-to-Point w/ Cap N/A 65%
iShares U.S. Real Estate 1 Year Point-to-Point w/ Cap 7.75% N/A
GLD 1 Year Point-to-Point w/ Cap 7.00% N/A
S&P U.S. Retiree Spending 1 Year Point-to-Point w/ Cap N/A 70%
Declared Rate: 2.90%

Frequently Asked Questions About the American Legend 7 Annuity:

Q: What is the minimum premium I need to pay?
A:$10,000 - $99,999 for low band rates $100,000 for high band rates

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?
A:Yes, at a minimum of $2,000 each time.

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 7 annuity available?
A:The American Legend 7 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.

Q: For how long are surrender charges in effect?
A:7 Years

Q:Does the American Legend 7 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 7 offer?
A:S&P 500, S&P 500 Daily Risk Control, GLD, iShares U.S. Real Estate

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 or participation rates.

To review the American Legend 7 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.

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