The WealthQuest Citadel 5 Diamond is a deferred traditional fixed annuity issued by American National 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 first year yield is 4.50% (including bonuses if applicable) on premium amounts of $100,000 - $3,000,000. The highest 5 year term current annual yield is 3.40% (including bonuses if applicable) on premium amounts of $100,000 - $3,000,000. This assumes that the current base interest rate remains unchanged up to the first penalty free full withdrawal window, which is not guaranteed. The WealthQuest Citadel 5 Diamond 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contract year, and each year thereafter, this annuity provides up to 10% (noncumulative) of the contract value may be withdrawn from the annuity each contract year without penalty.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.
American National Insurance Company is rated “A” by A.M. Best, was founded in 1905, and has over $21 billion in total assets.