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Fixed Indexed Annuity

American Select Bonus Plus 7

American Life

5.75%

Best Cap

10%

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 cap rate

5.75% cap on S&P 500

A seven-year-surrender accumulation FIA from a B++-rated carrier built around an upfront premium bonus vested over the same seven years, no income rider, and a deep crediting menu pairing recognizable S&P 500 cap and participation options with proprietary volatility-controlled indexes from Goldman Sachs, S&P MARC, Nasdaq, and Janus SG.

1-year termAdvisorWorld + CANNEX data

Best fit

Accumulation-focused buyers who can lock principal for the full seven-year surrender and bonus-vesting window, want an upfront premium bonus added to their accumulation value at issue, are comfortable with a B++ single-agency carrier rating, and value a wide crediting menu mixing recognizable S&P 500 options with proprietary participation-rate strategies — and who don't need lifetime-income guarantees or a richer-than-CSV death benefit.

AM Best

B++ Good

Surrender period

7 years

Free withdrawal

10%/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

  • Carrier publishes an upfront premium bonus credited to the accumulation value at issue and vested over a seven-year schedule shown in the live feed — the structural feature that distinguishes the 'Bonus Plus 7' filing from a plain Select FIA, with the bonus and the surrender period scheduled to expire in the same contract year so the buyer isn't locked into bonus vesting beyond the surrender term.
  • Surrender lockup runs only seven years rather than the ten-year term common on bonus-rich FIAs from larger carriers — buyers get the upfront bonus and a shorter principal-commitment window on the same contract.
  • Crediting menu is wide for a small-carrier FIA — the live feed exposes a fixed account, two S&P 500 annual point-to-point options (cap and participation), an S&P 500 Scored & Screened pair, a Nasdaq-100 Intraday Elite strategy, and a slate of proprietary participation-rate indexes including Goldman Sachs Xenith (offered in both 1-year and 2-year flavors), S&P MARC 5% ER, and Janus SG Value Lock — so buyers can hold like-for-like S&P comparison options alongside higher-participation volatility-controlled strategies in one contract.
  • Contractual rate floors are spelled out in the live feed — minimum guaranteed cap, minimum guaranteed participation rate, and a fixed-account guaranteed minimum interest rate are all published — so buyers can see the worst-case renewal economics, not just the current rates.
  • Free-withdrawal allowance, the full declining surrender ladder, and the MVA flag are visible directly on this page rather than gated behind a sales brochure.

What to confirm

  • This is NOT a guaranteed-lifetime-withdrawal product. The live feed shows zero income riders attached. There is no GLWB on this contract — do not compare its payout side-by-side with a rider-led income FIA.
  • The premium bonus is upfront and forfeitable on surrender during the seven-year vesting schedule. The vesting steps published in the live feed are not strictly monotonic year-by-year, so the share of the bonus a buyer keeps on early surrender depends on the exact contract year — confirm with the carrier exactly how much of the bonus the buyer retains before any planned partial or full surrender.
  • Carrier A.M. Best rating is B++ (Good) from a single agency. That is below the A-range ratings common on larger FIA issuers and there is no second-agency triangulation on this page — buyers prioritizing carrier financial strength should weigh the rating gap against the larger bonus and the shorter surrender term.
  • A separate 'Interest Bonus' rider with an annual fee is attached on this contract per the live feed — the bonus crediting story is not free, the fee is deducted regardless of index performance, and buyers should confirm with the carrier how that fee interacts with the upfront premium bonus before reading the headline bonus rate as a pure giveaway.
  • A market value adjustment applies on surrenders above the free-withdrawal allowance, which can move the actual amount received up or down with interest rates — confirm with the carrier how the MVA is computed before any planned partial surrender.
  • Death benefit on this contract is the cash surrender value, not account value and not 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 death benefit on a competing contract, and there are no surrender-charge waivers (nursing-home, terminal-illness) listed in the live feed.

Not ideal for

Buyers who need a contractually guaranteed lifetime withdrawal rate from a GLWB rider, want top-tier (A or better) multi-agency carrier ratings, need short-surrender liquidity inside the seven-year term, expect a death-benefit roll-up beyond cash surrender value, or are unwilling to forfeit unvested bonus on early surrender — none of those are what this contract 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

10%/yr

Annual amount that may be available without surrender charges, subject to contract terms.

Premium bonus

16%

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 Plus 7 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.

  • 10%/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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