AIG QoL Life Interest Rates

AIG has just announced interest rate changes for the QoL Max Accumulator + (Non-NY).  Please take a look at the reference rates below or click here to view the formal announcement.

QoL Max Accumulator+ (Non-NY) (Policy Form ICC19-19646, 19646) Policies from 7/29/2019 through current
Index Interest Account Type Guaranteed Minimum Interest Cap Rate Participation Rate Maximum Illustrated Rate Current Acc’t Value Enhancement
(Policy Yrs 6+)1
Total Illustrated Rate (Policy yrs 6+)
ML Strategic Balanced Index 0.00% NA 110% 7.34% 0.65% 7.99%
(+10.00%) (+0.04%)
PIMCO Global Index 0.00% NA 90% 7.34% 0.30% 7.64%
(+10.00%) (-0.05%)
S&P 500 High Bonus Rate Index 0.25% 7.60% 100% 5.00% 0.75% 5.75%
(-0.40%) (-0.22%)
S&P 500 High Cap Rate Index 0.00% 10.20% 100% 6.42% 0.25% 6.67%
(-1.05%) (-0.31%)
Declared Interest 2.00% NA NA 2.15% 0.25% 2.40%
 

QoL Value+ Protector (Non-NY) (Policy Form ICC16-16760, 16760) Policies from 12/17/2018 through current

Index Interest Account Type Guaranteed Minimum Interest Cap Rate Participation Rate Maximum Illustrated Rate Current Acc’t Value Enhancement
(Policy Yrs 6+)2
Total Illustrated Rate (Policy yrs 6+)
ML Strategic Balanced Index 0.00% NA 85% 5.74% 0.80% 6.54%
PIMCO Global Index 0.00% NA 70% 6.45% 0.80% 7.25%
(+5.00%) (+0.42%)
S&P 500
Participation Rate Index
0.00% NA 30% 3.51% 0.75% 4.26%
(-10.00%) (-1.15%)
S&P 500 Cap Rate Index 0.00% 7.10% 100% 4.65% 0.75% 5.40%
(-0.25%) (-0.14%)
Declared Interest 2.00% NA NA 2.00% 0.75% 2.75%

 

 

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