Rates, state availability, rider terms, and contract language must be confirmed with a licensed financial advisor or insurance professional before purchase. Guarantees are backed by the issuing insurer.
Model this product
See what American Select would do for you
Set your numbers and switch between growth, income, and liquidity. Index losses credit 0% — the floor — so a down market never reduces your value.
Product analyzer
Illustrative — live CANNEX rates as of July 16, 2026; not a projection or guarantee.
Crediting strategy
Compare against
$309,222
Est. value at age 80 (American Select)
9.5%
Best S&P 500 1-yr point-to-point cap
S&P 500 Index — 9.5% Cap (Annual)
✦
How crediting works: the cap limits positive index returns; a down year credits 0%, never a loss. A cap strategy tracks the index within its terms. What is a cap vs participation? →
Assumptions: illustrative — applies American Select's published cap rate (9.5% on S&P 500 Index) to a standard benchmark hypothetical index path (~5.4%/yr average, including down years) with a 0% floor over 20 years. Not a projection, quote, or guarantee. Live CANNEX rates as of July 16, 2026.
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See how American Select compares for your age, state, premium, and income goals alongside other American Life fixed indexed annuity options.
Current rates, riders, crediting strategies, state availability, and contract facts stay scoped to this American Life product.
Live product data
Rates as of July 16, 2026, from AdvisorWorld and CANNEX.
S&P 500 cap rate
9.5% cap on S&P 500
An accumulation-focused fixed indexed annuity from a smaller B++ carrier offering a recognizable S&P 500 annual point-to-point cap plus a broad menu of proprietary participation-rate strategies, sold in two surrender-length variants and available in thirty states.
1-year term7-year surrenderDoes not vary by premiumAdvisorWorld + CANNEX data
Best fit
Accumulation-focused buyers in one of the thirty filed states who are comfortable with a smaller B++-rated carrier in exchange for a broader-than-usual proprietary index menu, want recognizable S&P 500 cap exposure as the core of the allocation, and are willing to commit to either a seven- or ten-year surrender lockup with cash-value death benefit and no rider income.
AM Best
B++ Good
Surrender options
7 and 10 years
Free withdrawal
10%/yr
Availability
30 jurisdictions (restricted footprint)
Featured crediting strategies
Caps, participation rates, and declared rates are shown separately.
Index / strategyRate mechanicsCreditingSurrenderPremium
S&P 500
S&P 500 Index
9.5% cap rate + 0% spread
Annual cap
1-year term · 7-year surrender · Does not vary by premium
1-year term
7-year surrender
Does not vary by premium
S&P 500
S&P 500 Scored & Screened Index (USD) TR
6.5% cap rate + 0% spread
Annual cap
1-year term · 7-year surrender · Does not vary by premium
1-year term
7-year surrender
Does not vary by premium
S&P 500
S&P 500 Index
9.5% cap rate + 0% spread
Annual cap
1-year term · 10-year surrender · Does not vary by premium
1-year term
10-year surrender
Does not vary by premium
S&P 500
S&P 500 Scored & Screened Index (USD) TR
7.25% cap rate + 0% spread
Annual cap
1-year term · 10-year surrender · Does not vary by premium
1-year term
10-year surrender
Does not vary by premium
S&P 500
S&P 500 Index
45% participation rate + 0% spread
Participation
1-year term · 7-year surrender · Does not vary by premium
1-year term
7-year surrender
Does not vary by premium
S&P 500
S&P 500 Scored & Screened Index (USD) TR
45% participation rate + 0% spread
Participation
1-year term · 7-year surrender · Does not vary by premium
1-year term
7-year surrender
Does not vary by premium
S&P 500
S&P 500 Index
50% participation rate + 0% spread
Participation
1-year term · 10-year surrender · Does not vary by premium
1-year term
10-year surrender
Does not vary by premium
S&P 500
S&P 500 Scored & Screened Index (USD) TR
50% participation rate + 0% spread
Participation
1-year term · 10-year surrender · Does not vary by premium
1-year term
10-year surrender
Does not vary by premium
Fixed Account
Fixed Account
4.75% declared rate
Fixed account
1-year term · 7-year surrender · Does not vary by premium
1-year term
7-year surrender
Does not vary by premium
Fixed Account
Fixed Account
4.75% declared rate
Fixed account
1-year term · 10-year surrender · Does not vary by premium
Two surrender-length variants under one product filing — buyers who do not want a ten-year lockup can take the shorter chassis with the same crediting menu, which is unusual at this contract's price point.
Crediting menu includes a recognizable S&P 500 annual point-to-point cap alongside an S&P 500 annual participation strategy on the same index, so a buyer who prefers one index can hold both a capped and an uncapped version of it inside one contract.
Broad proprietary index lineup for a small-carrier FIA — Goldman Sachs Xenith, Janus SG Guidance Value Lock, S&P MARC 5% Excess Return, S&P 500 Scored & Screened, S&P 500 Dynamic Intraday TCA, and Nasdaq-100 Intraday Elite 15% all appear on the same contract, giving the buyer multiple volatility-controlled options to evaluate against the S&P cap.
Every strategy in this contract has a zero published spread and no strategy fee, so the participation and cap numbers shown are gross of any drag inside the crediting formula itself.
A declared fixed-rate bucket sits alongside the index strategies, so a buyer can park part of the premium in a non-indexed allocation without leaving the contract.
What to confirm
Carrier strength is B++ (Good) at A.M. Best — that is below the A- threshold most FIA shoppers use as a screen, and well below the A and A+ ratings carried by the larger carriers in this lineup. Weigh that carrier-strength gap against the crediting-rate advantage before committing.
Several of the highest participation rates on this contract — well above one hundred percent — credit against proprietary volatility-controlled or excess-return indexes whose historical returns are not directly comparable to the S&P 500. A high participation rate on a low-volatility excess-return index is not equivalent to the same rate on an uncapped S&P 500 strategy; read the index name and methodology in the strategy table before reading the participation number, especially on the two-year crediting periods where the headline multiplier is largest.
Surrender lockup runs as long as a full decade on the longer-chassis variant, with a market-value adjustment on amounts above the free-withdrawal allowance. No nursing-home or terminal-illness surrender waiver is published in this data, so plan around the full surrender schedule, not around an emergency-exit ramp.
The standard death benefit on this contract pays cash surrender value, not account value or a rolled-up income base — heirs receive what a buyer would receive on a non-penalty surrender, which can be materially lower than an account-value-based death benefit on a competing contract.
The contract files into thirty states, not nationally — confirm your state appears in the availability list on this page before assuming you can buy it.
Not ideal for
Buyers who need a guaranteed lifetime withdrawal rider, require an A-rated or larger carrier, want an account-value or rolled-up death benefit, need short-surrender liquidity or a nursing-home waiver, or live in one of the twenty-plus states where this contract is not filed — none of those are what American Select delivers.
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See how American Select compares for your age, state, premium, and income goals alongside other American Life fixed indexed annuity options.
These are the current crediting strategies available for this product. Use the filters to narrow by index, term, premium band, or rate type.
Par: 200% + Spread: 0% · 1-yr
Goldman Sachs Xenith Index
participation
7-yr surrenderDoes not vary by premium
Par: 150% + Spread: 0% · 1-yr
S&P MARC 5% Excess Return
participation
7-yr surrenderDoes not vary by premium
Par: 75% + Spread: 0% · 1-yr
S&P 500 Dynamic Intraday TCA Index (USD) ER
participation
7-yr surrenderDoes not vary by premium
Par: 45% + Spread: 0% · 1-yr
S&P 500 Index
participation
7-yr surrenderDoes not vary by premium
Par: 45% + Spread: 0% · 1-yr
S&P 500 Scored & Screened Index (USD) TR
participation
7-yr surrenderDoes not vary by premium
Cap: 9.5% + Spread: 0% · 1-yr
S&P 500 Index
cap
7-yr surrenderDoes not vary by premium
Cap: 6.5% + Spread: 0% · 1-yr
S&P 500 Scored & Screened Index (USD) TR
cap
7-yr surrenderDoes not vary by premium
Fixed: 4.75% · 1-yr
Fixed Account
fixed
7-yr surrenderDoes not vary by premium
Par: 275% + Spread: 0% · 2-yr
Goldman Sachs Xenith Index
participation
7-yr surrenderDoes not vary by premium
Par: 115% + Spread: 0% · 2-yr
Janus SG Guidance Index: Value Lock
participation
7-yr surrenderDoes not vary by premium
Par: 70% + Spread: 0% · 2-yr
Nasdaq-100 Intraday Elite 15% Index
participation
7-yr surrenderDoes not vary by premium
Par: 70% + Spread: 0% · 1-yr
Nasdaq-100 Intraday Elite 15% Index
participation
10-yr surrenderDoes not vary by premium
Par: 50% + Spread: 0% · 1-yr
S&P 500 Index
participation
10-yr surrenderDoes not vary by premium
Par: 50% + Spread: 0% · 1-yr
S&P 500 Scored & Screened Index (USD) TR
participation
10-yr surrenderDoes not vary by premium
Cap: 7.25% + Spread: 0% · 1-yr
S&P 500 Scored & Screened Index (USD) TR
cap
10-yr surrenderDoes not vary by premium
Accumulation profile
Accumulation-focused contract
Current CANNEX information identifies this product as tax-deferred accumulation. Compare cap, participation rate, fees, liquidity, and surrender terms; use a separate payout-focused contract when guaranteed payout mechanics are required.
Common questions about American Select
● Can I lose money in American Select?
A negative index return by itself does not reduce the contract's account value: American Select credits 0% — the floor — for that indexed period. The account value can still decrease from applicable rider fees, Performance Rate Rider or other strategy charges, administrative charges, withdrawals, surrender charges, or other contract-specific deductions. In years with no credited interest, those deductions can reduce the account value. Up to 10% of your value can be withdrawn each year without a charge; withdrawals above the penalty-free amount during the surrender period can incur a surrender charge.
● When can I access my money without a surrender charge?
Up to 10% of your account value each year is penalty-free. The scheduled surrender charges run 10 years; after that the surrender-charge schedule ends. Bonus vesting, market value adjustments when applicable, and other contract rules can still affect the amount available. The Liquidity tab of the analyzer shows the year-by-year surrender charge.
● How do American Select's crediting strategies compare?
Use "Compare against" in the analyzer to overlay another current American Select strategy on the same premium, age, years, and hypothetical index path. The control labels the strategy type, rate, index, and context so caps, participation rates, triggers, spreads, and fixed-account choices are not treated as interchangeable.
Key Features
Free withdrawal
10%/yr
Annual amount that may be available without surrender charges, subject to contract terms.
Death benefit
Standard Death Benefit
Beneficiary value depends on contract terms, withdrawals, and rider elections.
Cap-rate floor
0.50%
Minimum guaranteed cap for cap-based indexed strategies.
Fixed account guarantee
0.50%
Guaranteed minimum interest rate for the fixed account.
Participation-rate floor
10.00%
Minimum guaranteed participation rate for participation-rate indexed strategies.
Maximum spread
0.00%
Maximum spread: 0.00%
Annuitization options
Single and joint
Contract conversion options should be confirmed before purchase.
Fund types
Non-qualified, Qualified
Availability can vary by state and product terms.
Surrender schedule
Yr 1
9%
Yr 2
8.1%
Yr 3
7.2%
Yr 4
6.3%
Yr 5
5.4%
Yr 6
4.5%
Yr 7
3.6%
Yr 8
2.7%
Yr 9
1.8%
Yr 10
0.9%
After
0%
Documents
Carrier documents not available for this product
Brochures, product guides, or contract disclosures are currently unavailable for this product. Request the state-specific brochure or specimen contract from the carrier before purchase.
Carrier Ratings
AM BestB++
Contract notes from product data
Crediting design
How the interest-crediting choices are framed
American Select currently shows 15 indexed or fixed crediting options, including S&P 500 Index and S&P 500 Scored & Screened Index (USD) TR, with 7 volatility-controlled index options grouped separately. These choices matter because caps, participation rates, fixed accounts, spreads, renewal terms, and fee-bearing rider variants are different mechanics and should not be ranked as one simple rate list.
S&P 500 Index: 9.5% annual cap
S&P 500 Scored & Screened Index (USD) TR: 6.5% annual cap
S&P 500 Scored & Screened Index (USD) TR: 7.25% annual cap
S&P 500 Index: 45% annual participation rate
Liquidity terms
Why access rules deserve as much attention as rates
A fixed indexed annuity can preserve more control than an income-only contract, but access is still governed by the surrender schedule, free-withdrawal terms, and waiver language. Those details are where many product comparisons become more meaningful than a simple rate list.
10%/yr free withdrawal
10 surrender years
Verification note
Use carrier materials as term evidence, then confirm the current version
This page uses the current structured product information for the contract. For the current brochure, rate sheet, or specimen contract, confirm the state-specific version with the carrier or a licensed financial professional.
Rates and rider terms can vary by state and issue age
Carrier guarantees depend on claims-paying ability
Current contract forms should be confirmed before purchase
Free Comparison Report
Get an American Select rate report
See how American Select compares for your age, state, premium, and income goals alongside other American Life fixed indexed annuity options.