American Landmark 5

Offer your clients competitive growth opportunity with American Landmark 5. This fixed-indexed annuity offers multiple indexed strategies, accepts additional purchase payments during the first contract year, and features early withdrawal charges and market value adjustments that end after five years. For a complete product description, see the Product Overview located in the Marketing Materials section below.

No MVA available in: AK, CA, PA and UT

Details

Issue Ages

Inherited non-qualified 0-75Non-qualified 0-89Inherited IRA 0-75Qualified 0-89In Texas, contracts can only be issued up to age 86

Tax Qualifications

Non-qualifiedQualifiedInherited non-qualified403(b) (Traditional and Roth)IRA (Traditional, Roth, SEP, SIMPLE and Inherited)457(b)

Purchase Payments

Issued with single purchase paymentSubsequent purchase payments accepted in the first contract year

Purchase Payment Minimums and Maximums

Minimum:

$10,000

Subsequent:

$2,000

Maximum:

$1 million for ages 0-85
$500,000 for ages 86+

Early Withdrawal Charges

5-year declining 9%, 8%, 7%, 6%, 5%

Market Value Adjustment

A market value adjustment will apply to withdrawals or surrenders during the five-year term.

Free Withdrawal Allowance

During the first contract year, 10% of purchase payments may be withdrawn without an early withdrawal charge or market value adjustment.After the first contract year, 10% of the account value as of the most recent contract anniversary may be withdrawn without an early withdrawal charge or market value adjustment.

Waivers

Terminal Illness WaiverExtended Care Waiver

Interest Strategies

Declared RateS&P 500 1-Year Point-to-Point with CapS&P 500 5-Year Cap Lock Annual Point-to-PointiShares U.S. Real Estate 1-Year Point-to-Point with CapS&P 500 Risk Control 1-Year Point-to-Point with Par RateS&P U.S. Retiree Spending 1-Year Point-to-Point with Par Rate

Guaranteed Minimum Surrender Value (GMSV)

87.5% of purchase payments, plus interest credited daily at a minimum guaranteed rate, less withdrawals, not including amounts applied to pay early withdrawal charges or negative MVAs