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June 16, 2019

American Landmark 5

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New 5 Year Index Annuity with High Cap!
1st Year Cap¹
Blurred commission%
  • 5 year surrender charge!
  • 2 Fixed Buckets, 8 Index Buckets to choose from
  • Accepts Inherited NQ Funds
  • Issues to age 89 Q!
  • Rated A (Excellent) by A.M Best Co.

* (0-75) issues to age 89
¹ S&P 500® 1-Year Point to Point ($100k+)
Fixed Buckets
1st YearBaseGuar. Yrs.Min. Guar.MVAEffective
$100k or more initial premium
Fixed Account 2.65%2.65%11.25%Yes5/21/2019
Rate Decrease:2.35%2.35%11.25%Yes6/21/2019
Less than $100k initial premium
Fixed Account 2.55%2.55%11.25%Yes5/21/2019
Rate Decrease:2.25%2.25%11.25%Yes6/21/2019
Index BucketsShow All Buckets
Participation Cap Asset Fee Effective
This product has 7 additional buckets. Click here to show.
Product Features
Important Notes Issue age is based on the older of the owner or annuitant.
Rate Protection 45 days from the effective date for Fixed Annuities.
Fixed-Indexed Funds must be in the Home Office by 5:00 p.m. ET on the fourth buy date following the date on which the paperwork was received.
Issue Ages
Ages 0‑89
Ages 18‑89
Minimum Premium
Accepts Inherited NQ Funds. You can add to your annuity during the first two contract months with additional purchase payments of at least $2,000.
Maximum Premium $1M ages 0-85 or $500K ages 86+ without prior home office approval for all products except Safe Return.
Surrender Charges
5 Years:
Withdrawals 10% premium year 1
10% of the Purchase Payment in year 1.
10% of Account Value available after year 1.
Required Distribution Penalties are waived when the minimum distribution amount exceeds the penalty free withdrawal amount.
Annuitization Available anytime. Must annuitize for at least 5 years to avoid surrender charge.
Death Benefit Penalties waived at death
Minimum Guarantee
Years 1-7
1.25% on 100% of Premium
Guarantee less surrenders and withdrawals.
Ages 0‑75
Blurred commission%
Effective: 12/11/2017
Ages 76‑85
Blurred commission%
Effective: 12/11/2017
Ages 86‑89
Blurred commission%
Effective: 12/11/2017
Commission Notes Commissions paid Daily, Weekly, Bi-Monthly or Monthly via EFT only.
Commission Chargeback 100% upon death, annuitization or full and partial surrenders in year 1
Policies annuitized during first year will be repaid 100% of the SPIA commission for payouts of 10+ years or life. Annuitizations for periods of 9 years or less will be repaid at 50% of the current Single Premium Immediate Annuity commission rate.
100% upon full and partial surrenders in months 1-6, 50% in months 7-12.All withdrawals during the 1st contract year, except for ESP payments, will trigger a chargeback. Commissions that are paid on an individual application that includes the Addendum to Client Financial Disclosure Information for Irrevocable Trusts form will be reduced by 25%.
Death Benefit
Inheritance Enhancer
(Issue Ages: 50-85)
Rollup credits At the end of each year during the 10-year rollup period, the death benefit base is increased by 7% of all purchase payments received in the first contract year, including any applicable purchase payment bonuses. Rollup credits cannot increase the death benefit base to more than the rollup cap of 250%.

Resets Beginning with the first rider anniversary and any anniversary thereafter, the death benefit base may be reset to the account value, if greater. By resetting the death benefit base, the rollup credits can begin again and continue until the rollup cap is reached. A reset may increase the annual rider charge.

Death benefit options The death benefit under the rider is available after the fifth contract anniversary and may replace the annuity contracts death benefit. Beneficiaries may choose one of two death benefit options at the time of settlement:
Lump sum: Beneficiaries may select to receive the basic death benefit amount equal to the account value plus 50% of the difference between account value and death benefit base amount.
Annuitization: If beneficiaries elect to have the rider death benefit paid for life or a fixed period of at least five years, then the rider death benefit amount will be equal to the account value plus the entire difference between the account value and the death benefit base amount.

Rider charge An annual rider charge of 0.95% will be taken at the end of each contract year. The charge is based on the death benefit base and is deducted from the account value. A refund of all rider charges will be given if we pay a death benefit under the base contract because of the death of the “Insured” during the first five years or the death of the “Non-Insured” joint owner at any time.

Amount of death benefits If a lump sum is selected by the beneficiary, the death benefit amount is the account value plus 50% of the difference between the account value and the death benefit base amount. If annuitization is selected, the amount is the account value plus the entire excess (100%) between the death benefit base amount and account value, annuitized at a guaranteed settlement option rate over a fixed period of at least five years.
Terminal Illness Rider
100% of Account Value
Prognosis of 12 months or less after the first policy year.
(Issue Ages: 40-85)
Roll-Up is paid for 10 years. Required minimum distributions and withdrawals up to the free withdrawal allowance do not stop the income rollup but are subtracted from the income credits. The income base is reduced proportionally for the withdrawal, but income rollup continues off initial eligible premium. Any withdrawals larger than the RMD or FWA will stop the income rollup period and may reduce rollup base. Resets are available at any anniversary if the account value is greater than the Benefit Base. A reset may increase the annual rider charge and maximum rollup is 250% of eligible purchase payments. Rider charges are refunded upon death if income payments have not begun.
Income Rider Features
Roll-Up Rate: 7.00% (Simple)
Roll-Up Years: 10
Cost (Based on Income AV): 0.95%
Minimum Start Age: 55
Minimum Deferral: None
Withdrawal Percentages
Carrier Details
Great American is rated A (Excellent) with A.M. Best and is domiciled in OH. As of 12/31/2016 Great American has $22.6 billion in assets, a 93% investment grade bond portfolio, and $1.7 billion in capital, surplus, and AVR. The company was first incorporated in 1959.
Contact Us
Toll Free:800.327.1460
Fairlane Financial Corp.
1200 S Pine Island Rd Ste 100
Fort Lauderdale, FL 33324
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