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fixed annuities

Multi-Year Guarantee Annuity Details

Platinum Assure Series 3

Product Name

Platinum Assure Series 3

Annuity Type

Multi-Year Guarantee Annuity

Issuing Insurance Company and Ratings

A
(3rd of 15 ratings)
Not Rated
A3
(7th of 21 ratings)
Not Rated
71
(percentile of rated companies)

Product Information

The Platinum Assure Series 3 is a deferred multi-year guarantee annuity issued by Americo Financial Life & Annuity Ins Co.

The current 3 year guarantee period annual yield is 5.20% (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 Platinum Assure Series 3 has a full penalty free withdrawal window after 3 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contract year, and each year thereafter, this annuity provides up to 3% (noncumulative) of the contract value may be withdrawn from the annuity each contract year without penalty.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.

Americo Financial Life & Annuity Ins Co is rated “A” by A.M. Best, was founded in 1946, and has over $6.4 billion in total assets.

Rate Details

Premium Amount: $25,000 - $1,000,000

Initial Surrender Charge and MVA Periods

3 years

3 years

3 years

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

Other Guarantee Periods Available

Policy Details

Penalty Free Withdrawal Provisions

Death, Hospitalization and Nursing Home

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 02/22/2023)

For CA: No Market Value Adjustment (MVA).

For MA: No Hospital Confinement or Nursing Home Waiver.