| Feature | Details |
|---|---|
| Product Name | American Life American Classic 3 (no liquidity) |
| Insurer | American Life & Security Corp. |
| Ratings |
|
| Agent/Broker | PlanEasy Inc. |
| Annuity Type | Multi-Year Guaranteed Annuity (MYGA) |
| Term | 3 Years |
| Current Rate for $0+ | 5.36% |
| Last Rate Change | 6/9/2025, +15bps |
| Interest Type | Compound Interest |
| State Availability | Arizona, Colorado, District of Columbia, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Louisiana, Michigan, Missouri, Montana, Nebraska, Nevada, New Mexico, North Dakota, Ohio, Oklahoma, Oregon, South Dakota, Texas, Utah |
| Free Withdrawals | No. If you request a withdrawal or surrender your contract before the end of your current guarantee period, you would be subject to a withdrawal charge and market value adjustment on any amount you withdraw. |
| Free RMDs | Yes |
| Death Benefit | Yes |
| MVA | Yes |
| Nursing Home Waiver | No |
| Terminal Illness Waiver | No |
| Surrender Charge by Year | 9.0%, 8.0%, 7.0% |
| Funding Sources | Personal Investment, Cash, Traditional IRA, Roth IRA, SEP IRA, SIMPLE IRA |
| Terms Available | 3, 5 Years |
| Age Restrictions | 0 to 90 Years Old |
| Premium Band | Effective Date | Guaranteed 3-Year Yield to Surrender |
|---|---|---|
| $0+ | 6/9/2025 | 5.36% |
| 1/17/2025 | 5.21% | |
| 11/18/2024 | ||
| 9/16/2024 | 5.06% |