Key Benefits of Western National Fixed Annuities
Safety of Principal
You can enjoy peace of mind knowing a Western National fixed annuity offers protection against a volatile market.
Tax deferral is a key feature that can help your savings accumulate faster than it would in a comparable taxable account.
Guaranteed Interest Rates
When you purchase a Western National fixed annuity, your payments (premiums) are guaranteed to earn an initial interest rate for a certain period of time.
Easy Access to Your Money*
It is difficult to predict the future. You may have an emergency during the annuity accumulation phase (the time when you contribute money to the annuity). That’s why we offer penalty-free withdrawal options—in case you need to access your money.
All guarantees are subject to the claims-paying ability of American General Life Insurance Company. Annuities have limitations.
* Withdrawals of taxable amounts are taxed as ordinary income and, if taken prior to age 59½, your withdrawal may be subject to a 10% federal early withdrawal penalty. Contractual withdrawal charge fees (surrender charges) may also apply.
Tax-qualified contracts such as IRAs, 401(k)s, etc., are tax deferred regardless of whether or not they are funded with an annuity. If you are considering funding a tax-qualified retirement plan with an annuity, you should know that an annuity does not provide any additional tax-deferred treatment of earnings beyond the treatment by the tax-qualified retirement plan itself. However, annuities do provide other features and benefits such as income options.
Neither American General Life Insurance Company nor its agents or representatives are authorized to give legal, tax or accounting advice. Please consult your attorney, accountant, or tax advisor on specific points of interest.
The Western National series of annuities is issued and underwritten in New York by The United States Life Insurance Company in the City of New York and in all other states by American General Life Insurance Company.