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fixed annuities

Multi-Year Guarantee Annuity Details

American Pathway Fixed MVA with ROP 5

Product Name

American Pathway Fixed MVA with ROP 5

Annuity Type

Multi-Year Guarantee Annuity

Issuing Insurance Company and Ratings

(3rd of 15 ratings)
(5th of 20 ratings)
(6th of 21 ratings)
(5th of 21 ratings)
(percentile of rated companies)

Product Information

The American Pathway Fixed MVA with ROP 5 is a deferred multi-year guarantee annuity issued by American General Life Insurance Company.

This annuity is a premium banded product. The interest rate you earn will vary depending on the amount of premium you deposit (see Rate Details below). Currently, the highest 5 year guarantee period annual yield is 5.10% on premium amounts of $100,000 - $1,000,000.  This is the guaranteed annual yield, including bonuses if applicable, for the initial guarantee period term, up to the first penalty free full withdrawal window. The American Pathway Fixed MVA with ROP 5 has a full penalty free withdrawal window after 5 years.

During the time in which the annuity is subject to surrender penalties, there are policy provisions that allow partial access on a penalty free basis. In the first contract year, this annuity provides interest only withdrawals. Beginning in the second contract year, up to 15%  of the contract value may be withdrawn from the annuity each contract year without penalty.

This annuity also waives withdrawal penalties upon death. Your named beneficiary(ies) will receive a death benefit equal to the full accumulation value. A beneficiary may choose to receive their death benefit in either a lump sum or select an available annuitization option.

Details on additional penalty waivers can be found in the Penalty Free Withdrawal Provisions section below.

American General Life Insurance Company is rated “A” by A.M. Best, was founded in 1960, and has over $151.9 billion in total assets.

Rate Details

Premium Amount: $100,000 - $1,000,000 High-Band

5 Year Guarantee Period Annual Yield: 5.10%
Interest rate start of year 1 through end of year 5: 5.10%

Premium Amount: $2,000 - $99,999 Low-Band

5 Year Guarantee Period Annual Yield: 3.50%
Interest rate start of year 1 through end of year 5: 3.50%

Initial Surrender Charge and MVA Periods

5 years

5 years

5 years

State variations may exist, refer to product disclosure for details.

Other Guarantee Periods Available

Policy Details

Penalty Free Withdrawal Provisions

ADL-based, Death, Extended Care and Terminal Illness

See product brochure, disclosure and riders for additional details, limitations and availability. State variations, age restrictions and holding periods may apply.

State Variations

Not available in:  NY (as of 04/18/2022)


Cumulative Withdrawals: After 30 days from the contract date, you may take penalty-free withdrawals each year not exceeding in total the greater of (1) the accumulated interest earned or (2) up to 15% of the previous anniversary annuity value. If you do not use all of the 15% withdrawal percentage in a contract year, you may carry over the unused portion (up to 5%) to the next contract year increasing the annual withdrawal to 20% (or the accumulated interest if greater).

Return of Premium (ROP): Included with this configuration. The annuity may be surrendered at any time for an amount equal to the greater of the single premium paid, less prior net withdrawals, or the contract value minus any applicable withdrawal charges, or the minimum withdrawal value. Including this feature results in slightly lower interest rates than a contract without the ROP feature.