American Life Classic MYGA – Predictable Growth Without Market Risk
Safe, Steady Growth for Retirement Planning
At Diversified Insurance Brokers, we specialize in helping individuals protect and grow their savings through annuities that offer guaranteed returns and full principal protection. The American Life Classic MYGA (Multi-Year Guaranteed Annuity), issued by American Life & Security Corp., is an ideal solution for conservative investors who want dependable interest rates without market volatility.
This annuity is especially well-suited for pre-retirees and retirees who value predictability, tax advantages, and estate planning efficiency—all without giving up control of their funds.
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Guaranteed Growth With Locked-In Interest Rates
The American Life Classic MYGA allows you to lock in a fixed interest rate for a term that fits your financial goals. Whether you choose a 3-, 5-, or 7-year guarantee period, your savings grow safely with no exposure to market losses. Interest compounds tax-deferred, meaning you don’t pay taxes on your gains until you begin withdrawals—allowing your money to work harder over time.
Flexible Access to Funds
Starting after the first contract anniversary, policyholders can take up to 10% of their contract value each year without penalty. For qualified retirement accounts, Required Minimum Distributions (RMDs) can also be withdrawn without surrender charges—ensuring compliance with IRS rules while maintaining flexibility.
This annuity includes a Market Value Adjustment (MVA), which may affect the contract value for early withdrawals beyond the penalty-free limits, but it also helps boost rates in today’s interest rate environment.
Reliable Death Benefit Protection
In the event of your passing, the American Life Classic MYGA pays out the full account value to your named beneficiaries without applying surrender charges. This ensures a smooth and tax-advantaged transfer of wealth—making it a strong estate planning tool for individuals looking to leave a secure financial legacy.
Is the American Life Classic MYGA Right for You?
This annuity is an excellent fit for:
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Individuals nearing or in retirement who seek safety and stability
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Conservative savers who prefer guaranteed, fixed growth over market risk
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People who want flexible access to funds, especially for RMDs
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Families interested in a simplified and efficient wealth transfer strategy
📄 Click here to request your personalized annuity quote.
Talk to an Advisor or Request Your Annuity Quote
Ready to explore this annuity in more detail—or compare it with other carriers to see if even higher rates are available? With guaranteed income, principal protection, and long-term growth potential on the line, making the right choice is essential. The experienced advisors at Diversified Insurance Brokers will guide you through the options and design a strategy tailored to your retirement goals.
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FAQs: American Life Classic MYGA
What is American Life Classic MYGA?
American Life Classic MYGA is a multi-year guaranteed annuity (MYGA) that locks in a fixed interest rate for a set period — typically 3 to 10 years — providing principal protection and predictable growth, without exposure to stock-market risk.
How does the guaranteed rate work?
When you purchase Classic MYGA, the insurer guarantees a fixed interest rate for the duration of the guarantee period. That rate is set at issue and does not change, regardless of market or interest-rate fluctuations. This gives you a clear, stable return over the entire guarantee term.
Can I withdraw money before the end of the guarantee period?
Typically, MYGAs like Classic do not offer flexible liquidity during the guarantee term. Early withdrawals or surrenders may trigger surrender charges or loss of some interest — especially if done before the end of the guarantee term. Always review the contract’s surrender schedule.
What happens when the guarantee period ends?
At the end of the guarantee period, you generally have a few options: renew at a new fixed rate, annuitize (convert to lifetime income), withdraw the accumulated value, or roll over into another annuity. We can help compare new rates and evaluate whether renewing or converting makes sense based on your goals.
Is Classic MYGA a good fit for retirement savings?
Yes — for individuals seeking safety, predictable, tax-deferred growth, and who can leave funds untouched for the guarantee period. It’s especially useful for pre-retirees or retirees wanting a stable “safe-money” bucket to complement more volatile investments.
What are the trade-offs compared with other annuities or investments?
Trade-offs include limited liquidity, surrender-period restrictions, and lack of upside beyond the fixed rate (unlike indexed or variable annuities). Also, returns may be lower than high-growth investments if markets perform well. The benefit is stability and predictability.
How do I compare Classic MYGA with other annuity types?
Compare guarantee durations, credited rates, surrender schedules, liquidity options, and potential income conversion. For indexed or income-focused alternatives, see our Current Annuity Rates and GLWB annuity guide.
Who should consider American Life Classic MYGA?
It’s best for savers who: want guaranteed growth and principal protection; don’t need liquidity during the guarantee period; are nearing retirement or already retired; and wish to preserve capital while avoiding market volatility.
About the Author:
Jason Stolz, CLTC, CRPC, is a senior insurance and retirement professional with more than two decades of real-world experience helping individuals, families, and business owners protect their income, assets, and long-term financial stability. As a long-time partner of the nationally licensed independent agency Diversified Insurance Brokers, Jason provides trusted guidance across multiple specialties—including fixed and indexed annuities, long-term care planning, personal and business disability insurance, life insurance solutions, and short-term health coverage. Diversified Insurance Brokers maintains active contracts with over 100 highly rated insurance carriers, ensuring clients have access to a broad and competitive marketplace.
His practical, education-first approach has earned recognition in publications such as VoyageATL, highlighting his commitment to financial clarity and client-focused planning. Drawing on deep product knowledge and years of hands-on field experience, Jason helps clients evaluate carriers, compare strategies, and build retirement and protection plans that are both secure and cost-efficient.
