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Fixed Indexed Annuity

Growth Commander 10

Americo Financial Life and Annuity Insurance Company

11.75%

Best Cap

10%

Free W/D

48

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

11.75% cap on S&P 500

A ten-year, accumulation-only fixed indexed annuity from an A.M. Best A-rated carrier pairing a recognizable no-fee S&P 500 annual point-to-point cap with proprietary volatility-controlled indexes and optional 'with fee' allocation-charge variants — no income rider, no premium bonus, no market value adjustment.

1-year termAdvisorWorld + CANNEX data

Best fit

Accumulation-focused buyers who can lock principal for the full ten-year surrender, want recognizable S&P 500 annual point-to-point cap exposure as their baseline, and want the optional ability to add proprietary participation-rate strategies (with or without an allocation charge) from a mid-tier A-rated carrier — and who do not need any lifetime-income guarantee from the contract.

AM Best

A Excellent

Surrender period

10 years

Free withdrawal

10%/yr

Availability

48 jurisdictions

Featured crediting strategies

Index / strategyRate mechanics

S&P 500

S&P 500 Index

7.85% cap rate

S&P 500

S&P 500 Index

11.7% cap rate

S&P 500

S&P 500 IQ 0.5% Decrement Index

11.75% cap rate

S&P 500

S&P 500 IQ 0.5% Decrement Index

65% participation rate

S&P 500

S&P 500 IQ 0.5% Decrement Index

90% participation rate

Fixed Account

Fixed Account

3.95% declared rate

+ 8 volatility-controlled index options (Balanced, Morgan Stanley...)

Product analyst notes

How to think about this contract

Why it can stand out

  • Crediting menu pairs a recognizable no-fee S&P 500 annual point-to-point cap with a slate of higher-participation alternatives — proprietary volatility-controlled indexes (Morgan Stanley Enhanced Allocation, SG Global Balanced) and an S&P 500 0.5% decrement variant — so a buyer gets at least one like-for-like S&P comparison point alongside richer-curve options inside the same contract.
  • Several index strategies are offered in both a no-fee variant and a 'with fee' allocation-charge variant that lifts the cap or participation in exchange for a recurring strategy fee, so buyers who want to pay for a richer crediting curve have that lever without leaving the contract.
  • A guaranteed-minimum floor is documented in the live feed for caps, participation rates, and the fixed account, so the contract's worst-case crediting behavior is contractually defined rather than left to renewal discretion.
  • Free-withdrawal allowance, the full ten-year surrender ladder, the no-MVA flag, and the nursing-home waiver are all visible directly on this page rather than gated behind a sales brochure, and the contract has no market value adjustment on partial withdrawals above the free amount.

What to confirm

  • This is NOT a guaranteed-lifetime-withdrawal product and not a built-in-income contract. The live feed shows no income riders attached and no Protected Income Value mechanism — do not read 'Growth Commander' as an income story. Buyers comparing to GLWB-rider products should recognize that there is no contractual lifetime payout rate to compare here at all.
  • The 'with fee' strategy variants carry a recurring annual allocation charge deducted from the accumulation value regardless of index performance — the enhanced cap or participation has to outrun that drag every year to be worth choosing over the no-fee version of the same strategy.
  • Several index options are proprietary, volatility-controlled indexes (Morgan Stanley Enhanced Allocation, SG Global Balanced) whose participation rates can look high in absolute terms but are not directly comparable to an S&P 500 cap. The S&P 500 IQ 0.5% Decrement variant is also not the same index as the plain S&P 500 — it has a built-in 0.5%/yr drag — so its higher cap is not free.
  • Carrier financial strength is rated by a single agency (A.M. Best A) in this feed, so the strength view here is single-sourced rather than triangulated across multiple agencies. The standard death benefit pays cash surrender value, not account value or a rolled-up income base — heirs receive what the buyer would receive on a non-penalty surrender, which can be materially lower than an account-value-based death benefit on a competing contract.

Not ideal for

Buyers who need a contractually guaranteed lifetime withdrawal rate from a GLWB rider, a built-in Protected Income Value income mechanism, short-surrender liquidity, an upfront premium bonus, a market-value-adjustment-protected exit, or an account-value-based death benefit — none of those are what this contract is structured to deliver.

All crediting strategies

View rate listings (28 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: 214% · 1-yr

SG Global Balanced Index

(with fee) · participation

10-yr surrender

Par: 196% · 1-yr

Morgan Stanley Enhanced Allocation Index

(with fee) · participation

10-yr surrender

Par: 155% · 1-yr

SG Global Balanced Index

participation

10-yr surrender

Par: 142% · 1-yr

Morgan Stanley Enhanced Allocation Index

participation

10-yr surrender

Par: 90% · 1-yr

S&P 500 IQ 0.5% Decrement Index

(with fee) · participation

10-yr surrender

Par: 65% · 1-yr

S&P 500 IQ 0.5% Decrement Index

participation

10-yr surrender

Cap: 11.75% · 1-yr

S&P 500 IQ 0.5% Decrement Index

cap

10-yr surrender

Cap: 11.7% · 1-yr

S&P 500 Index

(with fee) · cap

10-yr surrender

Cap: 7.85% · 1-yr

S&P 500 Index

cap

10-yr surrender

Fixed: 3.95% · 1-yr

Fixed Account

fixed

10-yr surrender

Par: 303% · 2-yr

Morgan Stanley Enhanced Allocation Index

(with fee) · participation

10-yr surrender

Par: 287% · 2-yr

SG Global Balanced Index

(with fee) · participation

10-yr surrender

Par: 219% · 2-yr

Morgan Stanley Enhanced Allocation Index

participation

10-yr surrender

Par: 209% · 2-yr

SG Global Balanced Index

participation

10-yr surrender

Par: 214% · 1-yr

SG Global Balanced Index

(with fee)

Par: 196% · 1-yr

Morgan Stanley Enhanced Allocation Index

(with fee)

Par: 155% · 1-yr

SG Global Balanced Index

Par: 142% · 1-yr

Morgan Stanley Enhanced Allocation Index

Par: 90% · 1-yr

S&P 500 IQ 0.5% Decrement Index

(with fee)

Par: 65% · 1-yr

S&P 500 IQ 0.5% Decrement Index

Cap: 11.75% · 1-yr

S&P 500 IQ 0.5% Decrement Index

Cap: 11.7% · 1-yr

S&P 500 Index

(with fee)

Cap: 7.85% · 1-yr

S&P 500 Index

Fixed: 3.95% · 1-yr

Fixed Account

Par: 303% · 2-yr

Morgan Stanley Enhanced Allocation Index

(with fee)

Par: 287% · 2-yr

SG Global Balanced Index

(with fee)

Par: 219% · 2-yr

Morgan Stanley Enhanced Allocation Index

Par: 209% · 2-yr

SG Global Balanced Index

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.

Surrender waivers

1

Nursing home waiver

Death benefit

Standard Death Benefit

Beneficiary value depends on contract terms, withdrawals, and rider elections.

Strategy guarantee

Minimum guaranteed cap: 1.00%

Strategy guarantee

Guaranteed minimum interest rate (fixed): 0.15%

Strategy guarantee

Minimum guaranteed participation: 5.00%

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

8.7%

Yr 3

7.8%

Yr 4

6.8%

Yr 5

5.9%

Yr 6

4.9%

Yr 7

3.9%

Yr 8

3%

Yr 9

2%

Yr 10

1%

After

0%

Nursing home waiver, Surrender waivers

Documents

product guide

AF1542F.pdf

Confidence: highReviewed Apr 1, 2026

Direct link not published — request the document from the carrier.

Carrier Ratings

AM BestA

Contract notes from product data

Crediting design

How the interest-crediting choices are framed

Growth Commander 10 currently shows 14 distinct indexed or fixed crediting choices across 28 current rate listings, including S&P 500 Index and S&P 500 IQ 0.5% Decrement Index, with 8 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: 7.85% cap
  • S&P 500 Index: 11.7% cap
  • S&P 500 IQ 0.5% Decrement Index: 11.75% cap

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
  • Nursing home waiver

Verification note

Use carrier materials as term evidence, then confirm the current version

Carrier materials such as AF1542F.pdf help explain the contract language behind the data on this page; the latest document activity we see is Apr 8, 2026. 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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