American Life & Security launches MaxGrowth FIA

LINCOLN, Neb.--(BUSINESS WIRE)--American Life & Security announced its newest innovation, American Life MaxGrowth 10 Fixed Indexed Annuity. MaxGrowth is designed to enhance retirement savings through accumulation while offering the security of principal protection.

MaxGrowth addresses the evolving needs of today's retirees, who seek a blend of growth potential and financial stability. By merging market-linked growth opportunities with strong protective features, MaxGrowth offers a strategy for those aiming for a secure and prosperous retirement. The product is tailored for clients who prioritize accumulation over liquidity, focusing on maximum growth over a 10-year period.

Key Features of MaxGrowth:

• Enhanced Growth Potential: MaxGrowth enables policyholders to earn interest based on the performance of a chosen market index. With several index crediting options available, it allows for potential growth to be aligned with individual retirement goals.
• Principal Protection: Regardless of market conditions, MaxGrowth ensures that the policyholder’s principal remains protected from market losses, offering peace of mind.
• Diverse Interest Crediting Strategies: MaxGrowth includes various crediting strategies such as annual point-to-point, monthly sum, and performance-triggered options, providing flexibility to match financial objectives.
• Tax-Deferred Accumulation: Policyholders benefit from tax-deferred growth, allowing their retirement savings to grow until a withdrawal is elected.
• Real-Life Flexibility: The annuity allows for additional premium contributions within the first 6 months and offers a 5x5 Annuitization option for accessing the full Contract Value over 5 years after 5 years. 5x5 Annuitization is only available if no withdrawals other than RMDs have previously been taken. Additionally, MaxGrowth includes a Nursing Home Benefit rider for those who may need nursing home care.

American Life is excited to work with top-tier index partners, S&P Dow Jones Indices and Schroders, to offer the following crediting strategies within MaxGrowth:

• The S&P Market Agility 10 Index (S&P Market Agility 10 TCA 0.5% Decrement Index): The S&P Market Agility 10 Index is an equity-bond index that measures the performance of equity and fixed income component indices that each take long or short positions based on momentum and volatility indicators to respond to changing market conditions. RBC Capital Markets is the hedging partner for the index.
• The Schroders Global Compass Index: The Schroders Global Compass Index is a global multi-asset index that uses a dynamic allocation to seek positive return opportunities amid changing market conditions. The Index utilizes a rules-based approach to allocate across multiple asset classes, including global equities, government bonds, and energy commodities.

“We are thrilled to introduce MaxGrowth, the latest addition to our product portfolio designed to help retirees maximize their accumulation potential as they prepare for retirement,” said Tom Bumbolow, Head of Distribution and Business Development at American Life. “MaxGrowth represents the culmination of valuable feedback from our partners, agents, and clients. It is a testament to our collaborative approach and commitment to innovation, both central to our business model.”

MaxGrowth is distributed through American Life’s IMO partners and is now available for sale in the following states: Arizona, Colorado, Florida, Georgia, Illinois, Iowa, Kansas, Kentucky, Michigan, Nebraska, Nevada, New Mexico, North Dakota, Oklahoma, South Dakota and Utah, as well as the District of Columbia, with expanded availability to American Life’s full state footprint soon.

For more information about MaxGrowth and other retirement solutions, visit american-life.com or contact our team at [email protected].