AIG Life & Retirement and Annexus Launch X5 Accelerator Annuity, Powerful New Opportunity to Increase Income in Retirement
X5 Accelerator Annuity Kick Starts Retirement Income Planning with 35% Income Base Bonus at Purchase and 250% Multiplier During Accumulation
The newest addition to the X5 suite of index annuities, X5 Accelerator is a powerful accumulation and income solution with an innovative design that emphasizes income growth from the outset to help consumers generate more income for retirement. The product’s front-end acceleration features include a bonus equal to 35% of the premium that is immediately added to the lifetime income benefit, as well as a multiplier that can increase lifetime income by 250% of net interest earned every year during the accumulation phase.
“X5 Accelerator offers consumers a valuable head start on their retirement planning with an immediate bonus and a strong multiplier,” said
X5 Accelerator offers exclusive indices developed by premier asset managers
“A real concern for many retirees is how to keep pace with rising costs and how to reduce the risk of running out of money in retirement,” said
Additionally, X5 Accelerator includes the potential for an enhanced beneficiary benefit, that may provide a greater inheritance, plus a unique benefit that doubles the annual income should the policy holder become confined to a nursing home or other qualified facility.1 These features, along with the guaranteed lifetime income benefit, are subject to an annual fee.
Guarantees are backed by the financial strength and claims-paying ability of
This material is general in nature, was developed for educational use only, and is not intended to provide financial, legal, fiduciary, accounting or tax advice, nor is it intended to make any recommendations. Applicable laws and regulations are complex and subject to change. Please consult with your financial professional regarding your situation. For legal, accounting or tax advice consult the appropriate professional.
Index annuities are not a direct investment in the stock market. They are long-term insurance products with guarantees backed by the claims-paying ability of the issuing insurance company. They provide the potential for interest to be credited based in part on the performance of the specified index, without the risk of loss of premium due to market downturns or fluctuations. Contract value can be reduced for withdrawals and, if applicable, withdrawal charges. Index annuities may not be appropriate for all individuals.
There is no guarantee that the growth potential of an index annuity will keep pace with inflation or rising costs in retirement. In addition, no interest will be credited in flat or down markets.
Withdrawals may be subject to federal and/or state income taxes. An additional 10% federal tax may apply if individuals make withdrawals or surrender their annuity before age 59½. Individuals should consult their tax advisor regarding their specific situation. Withdrawals may also be subject to a withdrawal charge that begins at 10% in year 1 and declines to 0% in year 11. State variations apply. See the Owner Acknowledgment and Disclosure Statement for more information.
The Morgan Stanley Expanded Horizons Index℠ is a service mark of
MSIM and its suppliers disclaim any and all warranties and representations, express and/or implied, including any warranties of merchantability or fitness for a particular purpose or use, including with respect to the index, index data and any information included in, related to, or derived therefrom (“index data”). MSIM and its suppliers shall not be subject to any liability for any direct, indirect, special, punitive, consequential or any other damages (including lost profits) with respect to the product or the adequacy, accuracy, timeliness or completeness of the index and the index data, all of which have been provided and are provided on an “as is” basis. Any decision to purchase and or invest in the product is at your own risk.
The PIMCO Global Elite Markets Index® (the “Index”) is an excess return index that allocates to a diversified range of global equity and global government bond markets. It employs a rules-based rebalancing process that is designed to enhance returns and manage volatility. The Index is a trademark of Pacific Investment Management Company LLC (“PIMCO”) and has been licensed for use for certain purposes by
Neither PIMCO nor any other party involved in, or related to, making or compiling the Index has any obligation to continue to provide the Index to the Company with respect to the Product. Neither PIMCO nor any other party involved in, or related to, making or compiling the Index makes any representation regarding the Index, Index information, performance, annuities generally or the Product particularly.
PIMCO disclaims all warranties, express or implied, including all warranties of merchantability or fitness for a particular purpose or use. PIMCO shall have no responsibility or liability whatsoever with respect to the Product.
The Index is comprised of a number of constituents, some of which are owned by entities other than PIMCO. The Index relies on a variety of publicly available data and information and licensable equity and fixed income sub-indices. The Index will be calculated independently from PIMCO. All disclaimers referenced in herein relative to PIMCO also apply separately to those entities that are owners of the constituents of the Index and the Index calculation agent.
Index annuities are issued by
Not |
May Lose Value • |
Not a Deposit • Not Insured by any |
About Annexus
Annexus designs solutions to help Americans grow and protect their retirement savings. For over a decade, Annexus has developed market-leading fixed indexed annuities and indexed universal life insurance products. In close collaboration with design partner Genesis Financial, Annexus has forged relationships with many of the industry’s leading insurance carriers and the world’s largest investment banks. Find out more about Annexus and its products at www.annexus.com.
About
About AIG
Additional information about AIG can be found at www.aig.com | YouTube: www.youtube.com/aig | Twitter: @AIGinsurance www.twitter.com/AIGinsurance | LinkedIn: www.linkedin.com/company/aig. These references with additional information about AIG have been provided as a convenience, and the information contained on such websites is not incorporated by reference into this press release.
AIG is the marketing name for the worldwide property-casualty, life and retirement, and general insurance operations of
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1 This benefit is not long-term care insurance and is not a substitute for such coverage.
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