Deferred
Annuities
Is a comfortable
retirement one
of your
financial goals?
If so, your
planning should
include one or
more of American
National's
deferred
annuities, Forms
FPDA-NQ,
FPDA5-NQ,
FPDA7-NQ, FPDA-PQ,
FPDA5-PQ,
FPDA7-PQ.
Competitive
interest
earnings.
You can choose
from three
different plans,
each offering a
different
first-year
interest rate.
Your annuity's
value will
always earn a
competitive rate
of interest,
never less than
3%.
Safety and
security.
You'll be doing
business with
one of the
country's
largest,
strongest, and
most respected
insurance
companies.
Tax
advantages.
A deferred
annuity earns
interest on a
tax-deferred
basis. Income
tax on those
interest
earnings is
postponed until
the money is
withdrawn.
Liquidity.
You'll be able
to withdraw
money from your
annuity at any
time, subject to
applicable
surrender
charges, if any,
during the years
of the policy.
Lifetime
income. You
may someday
elect to "annuitize"
your contract
and begin
receiving a
guaranteed
regular income
for as long as
you live (or for
another
predetermined
length of time.)
No
administrative
fees, loads, or
charges.
Free
withdrawal
privilege every
year. Ten
percent of the
annuity value,
as of the first
day of each
policy year, can
be withdrawn
during that
policy year
without
incurring a
surrender
charge.
(Withdrawals
prior to the
owner's age 59
1/2 may result
in a tax
penalty.)
Systematic
withdrawals.
You can arrange
for automatic
withdrawals
(equal to your
interest earning
or some fixed
amount you
choose) to occur
every month,
every quarter,
every six
months, or every
year. Systematic
withdrawals may
incur surrender
charges.
Annuitization.
After the fifth
policy year (or
possibly sooner,
depending on the
plan you select
and company's
current
practice) you'll
be able to
annuitize your
contract and
begin receiving
a regular
payout,
guaranteed to
last for as long
as you live (or
for some other
guaranteed
length of time
that you
select.)
Quarterly
statements.
Every three
months, you'll
receive a
statement
providing
details as to
your annuity's
interest
earnings and
other
transactions, if
any, during the
quarter.
Death
benefit. At
the annuitant's
death, the
entire
accumulated
value of the
annuity will be
paid immediately
to the named
beneficiary.
Generally, death
proceeds paid to
a named
beneficiary (not
the annuitant's
estate) are not
subject to the
probate process.
No maximum
age limit for
the contract
owner.
Options.
The annuity can
be
non-qualified,
or can be the
funding vehicle
for an IRA, TSA,
SEP or other
qualified
retirement
plans.
Information and
tax notes
If your deferred
annuity has less
than $5,000 of
value at the end
of the third
policy year, the
rate of interest
it earns will
drop to 3% until
a minimum value
of $5,000 is in
the policy.
Income and
growth on
accumulated
annuity values
have been held
by the Tax Court
to be generally
taxable only
upon withdrawal.
(IRC Sect.72.)
Consult your tax
adviser or
attorney on your
specific
situation.
The foregoing is
neither a
contract nor an
offer to
contract, but is
only a general
description of
benefits
available under
a policy
providing the
benefits
outlined. The
exact
provisions,
terms, and
conditions are
set forth in
detail in any
such policy as
may be issued.
The deferred
annuities have
limitations.
Neither American
National
Insurance
Company nor its
representatives
gives legal, tax
or accounting
advice. If you
need such
advice, consult
your attorney,
accountant, or
personal tax
adviser.
Click here to
request a
QUOTE or
call (719)
572-0900
