American Life

American Life

American Classic

Fixed Deferred Annuity

Securing Your Future

For individuals looking for a simple and secure way to manage their money into retirement, American Life offers the American Classic – a Fixed Deferred Annuity with a Multi-Year Rate Guarantee (MYGA). The American Classic provides a low-risk and predictable return that is insulated from economic volatility.

How does the American Classic work?
Customers enter into a contract with American Life and pay an upfront initial premium. In return, American Life grows that initial premium at a fixed, competitively high interest rate for a guaranteed number of years. This provides you with safe, stable and guaranteed returns.

The interest earned is tax-deferred during the term, meaning you don’t pay income taxes until you make a withdrawal. This lets your account grow at its full potential.

At the end of the guarantee period, you can choose to either withdraw your initial premium along with your guaranteed return or roll your account value into a new product.
The options and flexibility you deserve:
You may withdraw up to 10% each year without a penalty*.

We provide free withdrawals for customers meeting their IRS-mandated Required Minimum Distribution (RMD)* and a Guaranteed Death Benefit that allows a full account withdrawal without surrender charges in the event of a policyholder’s death.

American Classic offers innovative features like a Loyalty Bonus that rewards you for helping keep our costs low by not using liquidity during the guarantee period.
What makes us different?
The American Classic is the first and only annuity that provides both peace of mind and a Loyalty Bonus, a reward for not making withdrawals during the term. Keeping the full value in your policy for the entire term saves us money, and we pass that savings on to you. Other annuities entice customers to sacrifice prudent liquidity features for unplanned future events in exchange for increased yields. At American Life, we believe it is unfair to force you to make this choice at policy origination.

Benefits of an American Life Fixed Deferred Annuity

Low Risk

Our interest rate is fixed for the guarantee period and won’t change with economic volatility.


American Life is secure, highly rated (A.M. Best B++, positive watch)


Our customers know exactly how much investment return to expect.


Money can grow at its full potential since customers don’t pay income taxes until they make a withdrawal.

Loyalty Bonus

Customers are rewarded for not making any withdrawals during the term.

Guaranteed Death Benefit

If a customer dies during the term of the policy, the account value may be withdrawn with no surrender charges.

*Not available until beginning of second contract year. Withdrawals of interest prior to age 59 ½ may be subject to a 10% Federal income tax penalty. Withdrawals in excess of the 10% free withdrawal may be subject to contract surrender charges (see contract for details).