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 Bonus 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
$273,597
Est. value at age 80 (American Select Bonus)
12%
Premium bonus offered
S&P 500 Index — 5.75% 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 Bonus's published cap rate (5.75% 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. Growth starts from a bonus-adjusted illustrative account value: $100,000 premium + $12,000 premium bonus (12%) = $112,000. Bonus vesting and withdrawal treatment follow the contract. Not a projection, quote, or guarantee. Live CANNEX rates as of July 16, 2026.
Free Comparison Report
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See how American Select Bonus 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 annual point-to-point cap
5.75% cap on S&P 500
A seven-year, B++-rated bonus FIA that credits an up-front premium bonus subject to a seven-year vesting recapture, with a crediting menu that pairs a recognizable S&P 500 annual point-to-point cap against a broad lineup of proprietary participation-rate indexes.
1-year term10-year surrenderDoes not vary by premiumAdvisorWorld + CANNEX data
Best fit
Accumulation-focused buyers comfortable with a seven-year deferral and a B++-rated carrier who want the working leverage of an up-front premium bonus on day one, and who plan to use both the recognizable S&P 500 cap and the proprietary participation-rate strategies as separate allocation buckets inside the same contract.
AM Best
B++ Good
Surrender options
7 and 10 years
Free withdrawal
5%/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
5.75% 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
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 Index
5.75% 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
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
35% 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
35% 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 Index
30% 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
30% 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
Fixed Account
Fixed Account
3% declared rate
Fixed account
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
3% declared rate
Fixed account
1-year term · 7-year surrender · Does not vary by premium
An up-front premium bonus is credited to the account value at issue, so the working balance that participates in index crediting on day one is meaningfully larger than the premium itself — a real lever on long-term accumulation that most non-bonus FIAs do not offer.
Surrender lockup is seven years rather than the ten common to bonus FIAs, so a buyer who wants a premium bonus without a decade-long commitment has a shorter path to full liquidity here.
The crediting menu pairs a recognizable, fully-participating S&P 500 annual point-to-point cap strategy with proprietary participation-rate indexes including the Nasdaq-100 Intraday Elite 15% Index, the S&P 500 Dynamic Intraday TCA Index ER, the S&P MARC 5% Excess Return Index, the Goldman Sachs Xenith Index, the Janus SG Guidance Value Lock Index, and the S&P 500 Scored & Screened Index — so the buyer gets both a like-for-like comparison point and a broad volatility-controlled lineup inside one contract.
Two-year point-to-point options on Goldman Sachs Xenith and Janus SG Guidance Value Lock are available alongside the one-year strategies, so a buyer who prefers a longer crediting window for higher published participation can hold both cadences on the same proprietary indexes.
Both qualified and non-qualified funding are supported, ownership can be single, joint, trust, or corporate, and both single- and joint-life annuitization are available — the structural availability is unusually broad for a bonus FIA.
What to confirm
The premium bonus is NOT fully vested at issue. The published seven-year vesting schedule recaptures a percentage of the bonus on early surrender each year — at the high end of the schedule, the recaptured amount is larger than the headline bonus rate itself. Read the vesting column before treating the bonus as free money; it is effectively a deferred credit, not an instant one.
American Life & Security Corp is rated B++ by A.M. Best, which is below the A-bracket carriers most often compared against on this site. The bonus and the participation rates on the proprietary strategies are richer than most A-rated alternatives, and the carrier rating is part of why — weigh the trade carefully before treating this as a direct substitute for an A-rated FIA.
Most of the published crediting strategies are proprietary volatility-controlled or excess-return indexes whose participation rates can look high in absolute terms but are not directly comparable to an S&P 500 cap, and several have short live-track histories. Evaluate each strategy on its own index methodology, not on participation rate alone.
The contract carries a market-value adjustment on amounts withdrawn above the free-withdrawal allowance during the seven-year surrender period, so the surrender charge schedule is not the only friction on an early exit — confirm with the carrier how the MVA is computed before any planned partial surrender.
The standard death benefit 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, given both the surrender ladder and the bonus vesting schedule, can be materially lower than an account-value death benefit on a competing contract during the surrender years.
Not ideal for
Buyers who need a contractually guaranteed lifetime withdrawal rate from an income rider, want an A-rated carrier as a baseline, expect the premium bonus to be free of recapture if they exit early, need an account-value or rolled-up death benefit, or want short-surrender liquidity inside the first few contract years — none of those are what this product is built to deliver.
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See how American Select Bonus 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: 100% + Spread: 0% · 1-yr
S&P MARC 5% Excess Return
participation
7-yr surrenderDoes not vary by premium
Par: 30% + Spread: 0% · 1-yr
S&P 500 Index
participation
7-yr surrenderDoes not vary by premium
Par: 30% + Spread: 0% · 1-yr
S&P 500 Scored & Screened Index (USD) TR
participation
7-yr surrenderDoes not vary by premium
Par: 75% + Spread: 0% · 2-yr
Janus SG Guidance Index: Value Lock
participation
7-yr surrenderDoes not vary by premium
Par: 150% + Spread: 0% · 1-yr
Goldman Sachs Xenith Index
participation
10-yr surrenderDoes not vary by premium
Par: 110% + Spread: 0% · 1-yr
S&P MARC 5% Excess Return
participation
10-yr surrenderDoes not vary by premium
Par: 45% + Spread: 0% · 1-yr
Nasdaq-100 Intraday Elite 15% Index
participation
10-yr surrenderDoes not vary by premium
Par: 45% + Spread: 0% · 1-yr
S&P 500 Dynamic Intraday TCA Index (USD) ER
participation
10-yr surrenderDoes not vary by premium
Par: 35% + Spread: 0% · 1-yr
S&P 500 Index
participation
10-yr surrenderDoes not vary by premium
Par: 35% + Spread: 0% · 1-yr
S&P 500 Scored & Screened Index (USD) TR
participation
10-yr surrenderDoes not vary by premium
Cap: 5.75% + Spread: 0% · 1-yr
S&P 500 Index
cap
10-yr surrenderDoes not vary by premium
Cap: 5% + Spread: 0% · 1-yr
S&P 500 Scored & Screened Index (USD) TR
cap
10-yr surrenderDoes not vary by premium
Fixed: 3% · 1-yr
Fixed Account
fixed
10-yr surrenderDoes not vary by premium
Par: 200% + Spread: 0% · 2-yr
Goldman Sachs Xenith Index
participation
10-yr surrenderDoes not vary by premium
Par: 85% + Spread: 0% · 2-yr
Janus SG Guidance Index: Value Lock
participation
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 Bonus
● Can I lose money in American Select Bonus?
A negative index return by itself does not reduce the contract's account value: American Select Bonus 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 5% 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 5% of your account value each year is penalty-free. The scheduled surrender charges run 7 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 Bonus's crediting strategies compare?
Use "Compare against" in the analyzer to overlay another current American Select Bonus 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
5%/yr
Annual amount that may be available without surrender charges, subject to contract terms.
Premium bonus
12%
Bonus terms can vary by state, premium band, and rider election.
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%
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 Bonus currently shows 15 indexed or fixed crediting options, including S&P 500 Index and S&P 500 Scored & Screened Index (USD) TR, with 8 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: 5.75% annual cap
S&P 500 Scored & Screened Index (USD) TR: 5% annual cap
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.
5%/yr free withdrawal
7 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 Bonus rate report
See how American Select Bonus compares for your age, state, premium, and income goals alongside other American Life fixed indexed annuity options.