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.

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.

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.