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Fixed Indexed Annuity

American Select Bonus

American Life

5.75%

Best Cap

5%

Free W/D

30

Jurisdictions

Product data status: May 29, 2026

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.

Live product data

Rates as of May 29, 2026, based on the latest AdvisorWorld scan of CANNEX data.

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 termAdvisorWorld + 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 period

7 years

Free withdrawal

5%/yr

Availability

30 jurisdictions

Featured crediting strategies

Index / strategyRate mechanics

S&P 500

S&P 500 Index

5.75% cap rate + 0% spread

S&P 500

S&P 500 Scored & Screened Index (USD) TR

5% cap rate + 0% spread

S&P 500

S&P 500 Index

30% participation rate + 0% spread

S&P 500

S&P 500 Scored & Screened Index (USD) TR

30% participation rate + 0% spread

Fixed Account

Fixed Account

3% declared rate

+ 6 volatility-controlled index options (Nasdaq-100 Intraday, S&P 500, S&P MARC...)

Product analyst notes

How to think about this contract

Why it can stand out

  • 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 API publishes a seven-year vesting schedule in which a percentage of the bonus is recaptured 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.

All crediting strategies

View rate listings (22 rows)

These are the current crediting strategy listings returned for this product. Use the filters to narrow by index, term, premium band, or rate type.

Par: 150% + Spread: 0% · 1-yr

Goldman Sachs Xenith Index

participation

7-yr surrender

Par: 100% + Spread: 0% · 1-yr

S&P MARC 5% Excess Return

participation

7-yr surrender

Par: 45% + Spread: 0% · 1-yr

Nasdaq-100 Intraday Elite 15% Index

participation

7-yr surrender

Par: 45% + Spread: 0% · 1-yr

S&P 500 Dynamic Intraday TCA Index (USD) ER

participation

7-yr surrender

Par: 30% + Spread: 0% · 1-yr

S&P 500 Index

participation

7-yr surrender

Par: 30% + Spread: 0% · 1-yr

S&P 500 Scored & Screened Index (USD) TR

participation

7-yr surrender

Cap: 5.75% + Spread: 0% · 1-yr

S&P 500 Index

cap

7-yr surrender

Cap: 5% + Spread: 0% · 1-yr

S&P 500 Scored & Screened Index (USD) TR

cap

7-yr surrender

Fixed: 3% · 1-yr

Fixed Account

fixed

7-yr surrender

Par: 200% + Spread: 0% · 2-yr

Goldman Sachs Xenith Index

participation

7-yr surrender

Par: 75% + Spread: 0% · 2-yr

Janus SG Guidance Index: Value Lock

participation

7-yr surrender

Par: 150% + Spread: 0% · 1-yr

Goldman Sachs Xenith Index

Par: 100% + Spread: 0% · 1-yr

S&P MARC 5% Excess Return

Par: 45% + Spread: 0% · 1-yr

Nasdaq-100 Intraday Elite 15% Index

Par: 45% + Spread: 0% · 1-yr

S&P 500 Dynamic Intraday TCA Index (USD) ER

Par: 30% + Spread: 0% · 1-yr

S&P 500 Index

Par: 30% + Spread: 0% · 1-yr

S&P 500 Scored & Screened Index (USD) TR

Cap: 5.75% + Spread: 0% · 1-yr

S&P 500 Index

Cap: 5% + Spread: 0% · 1-yr

S&P 500 Scored & Screened Index (USD) TR

Fixed: 3% · 1-yr

Fixed Account

Par: 200% + Spread: 0% · 2-yr

Goldman Sachs Xenith Index

Par: 75% + Spread: 0% · 2-yr

Janus SG Guidance Index: Value Lock

Income riders

Accumulation-focused — no income rider

This contract is designed for tax-deferred accumulation, not guaranteed lifetime income. No GLWB rider was returned because none is part of the contract design — compare against other accumulation FIAs on cap, participation rate, and surrender terms rather than lifetime income.

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.

Strategy guarantee

Minimum guaranteed cap: 0.50%

Strategy guarantee

Guaranteed minimum interest rate (fixed): 0.50%

Strategy guarantee

Minimum guaranteed participation: 10.00%

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 were not returned for this product on this request. 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 11 distinct indexed or fixed crediting choices across 22 current rate listings, including S&P 500 Index, S&P 500 Scored & Screened Index (USD) TR, and S&P 500 Dynamic Intraday TCA Index (USD) ER, with 4 volatility-controlled index options grouped separately. These choices matter because caps, participation rates, fixed accounts, spreads, and renewal terms are different mechanics and should not be ranked as one simple rate list.

  • S&P 500 Index: 5.75% cap
  • S&P 500 Scored & Screened Index (USD) TR: 5% cap
  • S&P 500 Dynamic Intraday TCA Index (USD) ER: 45% participation

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.

  • 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 data returned 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

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