American National Palladium MYG 3
Current Fixed Rates
| 4.75% | $250,000 | — | $3,000,000 |
| 4.60% | $100,000 | — | $249,999 |
| 4.50% | $5,000 | — | $99,999 |
The American National Palladium MYG 3 is a single-premium fixed annuity with a guaranteed three-year interest rate lock. After three years, owners have a 30-day window to withdraw or transfer the full account value. If no action is taken at first maturity, the annuity renews for seven more years and completes a ten-year term at a new interest rate declared at that time.
This contract offers three rate bands. The highest rates are for deposits over $250K. Two lower interest rate bands are available for funds between $100K-$249.9K as well as $5K-$99.9K.
Free 10% annual withdrawals are available in all years. Both qualified and non-qualified funds are accepted. There are no surrender charges upon passing.
Another option from American National is the Palladium MYG Annuity Max 3, which offers higher rates and less liquidity.
More Annuity options from: American National Life
Notable Features
At no cost, this account provides Confinement, Terminal Illness, and Disability waivers giving consumers several ways to access their full account value during times of need.
Additional Details
Product Type
MYGA (Multi-Year Guaranteed Annuity)
Term
3 Years
Free Withdrawals Yr1 / Yr2+
10% / 10%
Surrender Schedule
8%, 8%, 7%, 0%
Maximum Age
90
Minimum Investment
$250,000
Maximum Investment
$3,000,000 without prior approval
What We Like About This Annuity
Three rate bands are available and 10% contract liquidity is offered in all years from an A rated company. Up to $3 million accepted for larger accounts. No surrenders at death.
Other Popular Products
Beyond fixed annuities, American National offers competitive indexed and immediate income annuities. Their whole life and guaranteed universal life policies are also popular with consumers.
About American National Life
American National Life
AM Best Rating: A Excellent (3rd of 13 ratings)
https://www.americannational.com/home
About American National Insurance Company
This large and well-diversified insurance company offers life, annuity, and property and casualty insurance nationwide. They’ve been in business for over 100 years and are widely recognized for their industry strength and consumer service.
American National is rated A (Excellent) with AM Best, Fitch, and S&P. Their Comdex score is 75, further reassuring investors of overall financial strength.
Integrity, respect, service, financial strength, and teamwork are just a few of their most important core values. The company’s breadth and flexibility enable it to offer unique coverage options tailored to meet consumers’ insurance and annuity needs.