American Spirit (Interest WD) 5

The American Spirit (Interest WD) 5 is a deferred multi-year guarantee annuity issued by American Century Life Insurance Co.

The current 5 year guarantee period annual yield is 5.80% (see Rate Details below). 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 Spirit (Interest WD) 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. Beginning with the first contract year, and each year thereafter, this annuity provides interest only (cumulative) as the penalty free withdrawal amount.

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 Century Life Insurance Co is rated “B++” by A.M. Best, was founded in 1980, and has over $202 million in total assets.