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Growth Commander Rates Are Increasing After February 21! |
Americo Financial Life and Annuity Insurance Company has announced that, effective
February 22, 2023, Growth Commander fixed indexed annuity interest crediting rates are going up. Increased rates are shown below in green.
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New rates, effective February 22, 2023, and subject to change
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Interest Crediting Option
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Growth Commander 6
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Growth Commander 10
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No Fee
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1.50% Fee
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No Fee
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1.50% Fee
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Declared Interest Account
(current declared rate)
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3.70%
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NA
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3.80%
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NA
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One-Year
S&P 500®
Point-to-Point With Cap
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7.10%
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10.60%
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7.20%
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10.75%
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One-Year
S&P 500
Point-to-Point With Participation Rate |
42%
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58%
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43%
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59%
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One-Year
S&P MARC 5%
Point-to-Point With Participation Rate
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152%
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212%
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155%
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215%
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Five-Year
SG Global Balanced Index Value Lock Annual Sum With Participation Rate and Cap
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NA
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NA
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7% Cap
265% Par.
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NA
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Six-Year
SG Global Balanced Index Value Lock Annual Sum With Participation Rate and Cap
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7% Cap
271% Par.
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NA
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NA
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NA
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Participation rate guaranteed for the entire surrender period:
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One-Year
SG Global Balanced Index Point-to-Point With Participation Rate
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146%
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204%
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148%
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207%
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Two-Year
SG Global Balanced Index Point-to-Point With Participation Rate
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196%
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274%
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199%
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278%
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One-Year
Morgan Stanley Enhanced Allocation Index Point-to-Point With Participation Rate
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133%
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187%
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136%
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190%
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Two-Year
Morgan Stanley Enhanced Allocation Index Point-to-Point With Participation Rate
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206%
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290%
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210%
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294%
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Rate Lock
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A rate lock applies on each interest crediting option for 45 days from the date the application is received by Americo.
On premium received within the 45-day period,
clients will receive the greater of
(1) the locked-in rate or
(2) the rate in effect on the index date following the date premium is received.
After 45 days, the rates in effect at the time premium is received will apply.
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Submit applications via:
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FireLight® e-app platform
(preferred method)
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Log in to www.GrowthCommanderFIA.com for access.
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E-mail
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submit@americo.com
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Fax
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800-395-9261
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Mail
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Regular Mail:
Americo
P.O. Box 410288
Kansas City, MO 64141-0288
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Overnight Delivery:
Americo
300 W. 11th Street
Kansas City, MO 64105-1618
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Log in to www.GrowthCommanderFIA.com for a current Compensation Schedule.
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Questions? Please contact your IMO.
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Growth Commander 6, Growth Commander 10 (Contract Series 319). Products are single premium deferred fixed indexed annuities
underwritten by Americo Financial Life and Annuity Insurance Company (Americo), Kansas City, MO,
and may vary in accordance with state laws. Some products and benefits may not be available in all states.
Certain restrictions and variations apply. Consult contract and riders for all limitations and exclusions.
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The S&P 500®
Index and S&P MARC 5% Index are products of S&P Dow Jones Indices LLC (“SPDJI”)
and have been licensed for use by Americo Financial Life and Annuity Insurance Company (“Americo”).
Standard & Poor’s®,
and S&P®
are registered trademarks of Standard & Poor’s Financial Services LLC (“S&P”);
Dow Jones®
is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”). These trademarks have been licensed
for use by SPDJI and sublicensed for certain purposes by Americo. Americo’s annuity product is not sponsored,
endorsed, sold, or promoted by SPDJI, S&P, Dow Jones, or their respective affiliates,
and none of such parties makes any representation regarding the advisability of investing in such product,
nor do they have any liability for any errors, omissions, or
interruptions of the
S&P 500® Index.
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Any annuity product that is linked to the performance of the Index is not sponsored, endorsed, sold or
promoted by Morgan Stanley & Co. LLC, or any of its affiliates (collectively, “Morgan Stanley”).
Neither Morgan Stanley nor any other party (including without limitation any calculation agents or data providers)
makes any representation or warranty, express or implied, regarding the advisability of purchasing this product.
In no event shall Morgan Stanley have any liability for any special, punitive, indirect
or consequential damages including lost profits, even if notified of the possibility of such damages.
The Index is the exclusive property of Morgan Stanley. Morgan Stanley and the Index are service marks
of Morgan Stanley and have been licensed for use for certain purposes. Neither Morgan Stanley nor
any other party has or will have any obligation or liability to owners of this product
in connection with the administration or marketing of this product,
and neither Morgan Stanley nor any other party guarantees the accuracy
and/or the completeness of the Index or any data included therein.
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Morgan Stanley includes an index deduction mechanism that scales upward based on positive recent performance of the Index,
up to a maximum of 0.15% per business day or up to approximately 37.8% per year. Such deduction is included in calculating the level
of the Index and will thus reduce the return of the Index. The excess return calculation applied by Morgan Stanley as part of the
Index’s methodology will also decrease the Index’s performance and thus reduce the return of any product linked directly to the Index.
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The Global Balanced Index (“Index”) is the exclusive property of SG Americas Securities,
LLC (together with its affiliates, “SG”). SG has contracted with S&P Opco,
LLC (a subsidiary of S&P Dow Jones Indices LLC) (“S&P”) to maintain and calculate the Index.
“SG Americas Securities, LLC”, “SGAS”, “Société
Générale”, “SG”, “Global Balanced Index”,
et al. (collectively, the “SG Marks”) are trademarks or service marks of SG. SG has licensed use
of the Index and the SG Marks to Americo Financial Life and Annuity Insurance Company (“Americo”)
for use in fixed indexed annuities. Neither SG, S&P, nor any other third-party licensor has been authorized
to act as an agent of Americo or has in any way sponsored, endorsed, sold, promoted, structured or priced any
fixed indexed annuity or provided investment advice to Americo. Such parties make no representation regarding
the advisability of purchasing, selling, or holding product linked to the Index, including Fixed Indexed
Annuities and shall not be liable for any related loss or payment thereof. Obligations to make payments
under the Fixed Indexed Annuities are solely the obligation of Americo. Neither Americo nor SG are
obligated to invest annuity payments in the components of the Index. The Index levels are net of a
0.50% annual maintenance fee, calculated and deducted daily.
The Index also deducts fees to cover rebalancing,
replication, and other costs. The total amount of these fees is unpredictable and depends on a number of factors,
including the leverage of the Index, which may be as high as 200%. These fees and costs,
which are increased by the Index’s leverage, will reduce the potential positive change in the Index
and increase the potential negative change in the Index. While the volatility control
applied by the Index may result in less fluctuation in rates of return as compared
to indices without volatility controls, it may also reduce the overall rate of
return as compared to products not subject to volatility controls.
Additional information is available at
https://sg-global-balanced.com/.
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AF1557v0223_A 22-604-1 (02/22/23) |
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FOR AGENT USE ONLY. NOT FOR USE WITH CONSUMERS. |
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