Disclaimers & Disclosures
1Annuities are not considered short-term investments. Surrender charges may apply, and the fees and charges associated with a fixed-rate annuity are usually higher than other investments like certificates of deposit. Under current tax law, earnings withdrawn before age 59½ may be subject to IRS penalty. Withdrawals exceeding 10% of the accumulation value are also subject to a contractual withdrawal schedule included in each contract.
2IRAs and Qualified Plans already provide tax-deferral of earnings. There is no additional benefit from the annuity's tax deferral feature. An annuity should be used to fund an IRA when its features, other than tax-deferral, are beneficial.
3The first year declared interest rate is an annual effective yield that is guaranteed for the first contract year. It is separate from the contract's Guaranteed Minimum Interest Rate that is effective for all contract years.
4Dependent upon individual circumstances and the plan selected. The single premium amount required to establish the guaranteed payout you want is based on the option selected at the time of application.
5Income received from a qualified retirement plan is fully taxable.
Life insurance underwritten and annuities offered by AAA Life Insurance Company, Livonia, Michigan. AAA Life Insurance Company is licensed in all states except NY. CA Certificate of Authority #07861. Products and their features may not be available in all states.
EliteGuarantee Contract Form Series: ICC11-4101, DA-4101; Platinum Bonus Contract Form Series: ICC11-4111, DA-4111, SPIA Contract Form Series: 40611.
AAA Life Insurance Company and its agents do not provide legal or tax advice. Therefore, you may wish to seek independent legal, tax, or financial advice prior to the purchase of this contract.
This information is not a contract. All descriptions are intended solely to inform you about the many features of annuities. The contract and its endorsements determine exact product features and benefits.
This is a summary of provisions and does not contain all of the benefits and exclusions. For complete terms of the insurance coverage, please contact your insurance professional or refer to the contract. Products and their features may not be available in all states.