6.05%
5-yr guarantee
10%
Free W/D
32
Available jurisdictions
Product analyzer
Run live numbers for American Classic
Current guaranteed rates, terms, state availability, surrender details, and contract facts stay scoped to this American Life product.
Live product data
Rates as of July 16, 2026, from AdvisorWorld and CANNEX.
5-year guaranteed-period rate
6.05% guaranteed for 5 years
A stepped-rate fixed annuity from American Life & Security with three- and five-year guarantee choices, annual withdrawal access, and an MVA during the surrender period.
Best fit
Buyers who can hold through a three- or five-year guarantee period and want to compare the contract's live effective yield rather than shop on a first-year credit alone.
AM Best
B++ Good
Surrender period
5 years
Free withdrawal
10%/yr
Availability
32 jurisdictions (restricted footprint)
Product analyst notes
How to think about this contract
Why it can stand out
- Two guarantee-period choices let buyers choose a shorter or longer fixed-rate commitment without changing product families.
- An annual free-withdrawal allowance provides limited access while the surrender schedule is in force.
What to confirm
- This contract uses a stepped rate schedule. Compare the live full-period effective yield, first-year rate, and renewal rate together rather than treating the opening credit as the rate earned every year.
- Early withdrawals above the free allowance can face both surrender charges and a market value adjustment, and availability is limited to the jurisdictions shown on the page.
Not ideal for
Buyers who need penalty-free access to most of their premium, want a simple single-rate schedule, or live outside the product's published filing footprint.
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Guaranteed Rates by Term
| Term | Guaranteed Rate |
|---|---|
| 3-Year | 5.55% |
| 5-Year | 6.05% |
Key Features
Free withdrawal
10%/yrAnnual amount that may be available without surrender charges, subject to contract terms.
Death benefit
Standard Account Value DBBeneficiary value depends on contract terms, withdrawals, and rider elections.
Annuitization options
Single and jointContract conversion options should be confirmed before purchase.
Fund types
Non-qualified, QualifiedAvailability can vary by state and product terms.
Surrender Schedule
Yr 1
9%
Yr 2
8%
Yr 3
7%
Yr 4
6%
Yr 5
5%
After
0%
Carrier Ratings
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See how American Classic compares for your age, state, premium, and income goals alongside other American Life MYGA options.