The “American Accumulator” is a multi-benefit life insurance policy that combines cash value life insurance benefits with a tax deferred annuity that allows the owners of the contract to have a guaranteed life insurance benefit, with an opportunityto accumulate cash in a flexible annuity
* Early withdrawals off annuity earnings may result in taxable income and penalties.
The Board of Directors declares the annuity interest rate based upon the Company's success. The Board has established a guaranteed minimum of 1.5%, but has declared a current rate of 4%.
At retirement exchange your contract for a supplemental contract to provide monthly income for the rest of your life.