The BPASelect Family of Annuities is an indexed annuity, with the same basic DNA as other indexed annuities.
The difference is in the 3 patents pending: |
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The original BPA became the largest product launch in the history of the indexed annuity industry, with over $1 billion sold in its first calendar year on the market. It also won awards as the “Product that offers the most value for seniors” and the “Product that offers the most potential for growth” from Senior Market Advisor magazine. To order a reprint of the Senior Market Advisor article, click here.
The New BPASelect Series builds on the success of the original by incorporating new allocation options and a menu of riders to enable agents to customize the product to truly fit their client needs. For a menu of available products, riders, and allocations, click here.
The 6 year product offers a 5% bonus, 5% commission and all contract provisions are fully guaranteed throughout the surrender period. It also offers 100% of the S&P 500 index gain, less a spread. For a comparison of the 6 year product to other strategies, click here.
The 10 year product offers a 10% bonus (yes a 10% bonus on a 10 year
product with an A+ rated carrier) 8% commission and has a choice of
two strategies that both offer excellent upside potential. For a comparison
of the 10 year product to other strategies, click
here.
The 12 year product is most like the original BPA. It offers a 10% bonus option, and also incorporates the original Balance Allocation strategy with no spread with incorporates two additional strategies that may provide higher growth potential. For a comparison of the 12 year product to other strategies, click here.
For agent/broker use only - not for use with the public.
The BPASelect Bonus AnnuityTM [rider forms PBDBR6 (10/07), PBDBR10 (10/07), PBDBR12HB (Rev. 10/07), PBDBR12LB (Rev. 10/07) or state variation], optional benefits for which a premium is charged, and the BPASelect AnnuityTM [form BPASEL6 (10/07), BPASEL10 (10/07), BPASEL12 (10/07) or state variation] are fixed indexed annuities issued by American Investors Life Insurance Company, Inc., Topeka, Kansas. Product features, limitations and availability vary by State; refer to the product disclosure for details.
To receive the premium bonus the owner must elect the BPASelect Bonus Annuity™ Rider, an optional benefit for which a charge is deducted. Bonus is credited immediately and vested for death, confinement, terminal illness and free withdrawals. Withdrawals in excess of the free amount lose the percentage of the bonus associated with the excess withdrawal as well as any interest accrued during that term that is attributed to the excess amount.
If elected, the Family Endowment Rider™, an optional benefit for which a charge is deducted, provides a guaranteed death benefit floor upon the death of the annuitant equal to the premium accumulated at an interest rate of up to 5% compounded through age 85. Once issued, the owner may not elect to terminate the rider for any reason. Product features, limitations and availability vary by State; please refer to the Family Endowment Rider insert for details.
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