Americo Platinum Assure Series 5 (w/ liquidity)
Product Overview
Basic Features
| Feature | Details |
|---|---|
| Product Name | Americo Platinum Assure Series 5 (w/ liquidity) |
| Insurer | Americo Financial Life and Annuity Insurance Company |
| Ratings |
|
| Agent/Broker | PlanEasy Inc. |
| Annuity Type | Multi-Year Guaranteed Annuity (MYGA) |
| Term | 5 Years |
| Current Rate for $0+ | 5.45% |
| Last Rate Change | 02/17/2025, +15bps |
| Interest Type | Compound Interest |
| State Availability | AL, AK, AZ, AR, CA, CO, CT, DE, DC, FL, GA, HI, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, WV, WI, WY |
| Free Withdrawals |
|
| Free RMDs | Yes |
| Death Benefit | Yes |
| MVA | Yes |
| Nursing Home Waiver | Yes |
| Terminal Illness Waiver | Yes |
| Surrender Charge by Year | 9.0%, 8.0%, 7.0%, 6.0%, 5.0% |
| Funding Sources | Personal Investment, Cash, Traditional IRA, Roth IRA, SEP IRA, SIMPLE IRA, Pension |
| Terms Available | 2, 3, 4, 5, 6, 7 Years |
| Age Restrictions | 0 to 90 Years Old |
Quick Summary
The Americo Platinum Assure Series 5 (w/ liquidity) is a 5-year Multi-Year Guaranteed Annuity (MYGA) issued by Americo Financial Life and Annuity Insurance Company and sold through PlanEasy Inc., a national online annuity agency.
Earn a guaranteed compound interest rate on this fixed annuity:
Your compound rate is locked in for 5 years, ensuring predictable, tax-deferred growth.
This fixed annuity is a strong alternative to bank CDs, offering stable returns with tax-deferred benefits.
The product has 5% free withdrawals in year 1 and 5% free withdrawals in year 2+.
Withdrawals for RMDs are free.
There is also a traditional accumulated account value death benefit for your beneficiaries.
Earn a guaranteed compound interest rate on this fixed annuity:
- 5.45% for $0+
Your compound rate is locked in for 5 years, ensuring predictable, tax-deferred growth.
This fixed annuity is a strong alternative to bank CDs, offering stable returns with tax-deferred benefits.
The product has 5% free withdrawals in year 1 and 5% free withdrawals in year 2+.
Withdrawals for RMDs are free.
There is also a traditional accumulated account value death benefit for your beneficiaries.
Key Details
- Ratings: Americo Financial Life and Annuity Insurance Company is rated A by A.M. Best.
- Guaranteed Rates: 5.45% for premiums of $0+. This fixed guaranteed rate ensures predictable tax-deferred growth, making it an excellent alternative to bank CDs.
- Term: The interest rate is guaranteed for 5 years with a surrender charge schedule of the same duration.
- Free Withdrawals: Yes, there is liquidity as the product allows for 5% in year 1 and 5% in year 2+ that do not incur any surrender charges.
- RMDs: Yes, RMDs can be taken out without penalty.
- Age Eligibility: Available for owners between 0 to 90 years old.
- Minimum Premium: Investors can contribute a minimum of $0
- Death Benefit: Yes, the product has a traditional death benefit of the annuity's accumulation value, available to the beneficiary with no surrender charges.
- Market Value Adjustment (MVA): Yes, the MVA is applicable to any withdrawals that also incur surrender charges.
- Nursing Home Waiver: Yes, if the owner is confined to a nursing home per the definition in the contract, surrender charges and MVAs are waived.
- Terminal Illness Waiver: Yes, if the owner is terminally ill as defined in the contract, surrender charges and MVAs are waived.
Current & Historical 5-Year Rates
| Premium Band | Effective Date | Guaranteed 5-Year Yield to Surrender |
|---|---|---|
| $0+ | 02/17/2025 | 5.45% |
| 01/13/2025 | 5.30% | |
| 10/04/2024 | 5.05% | |
| 08/27/2024 | 5.20% |
Available Terms & Current Rates
| Premium Band | Term | Guaranteed Yield to Surrender |
|---|---|---|
| $0+ | 2 | 4.65% |
| 3 | 4.95% | |
| 4 | 5.30% | |
| 5 | 5.45% | |
| 6 | 5.50% | |
| 7 | 5.55% |