American General Life Insurance Co., a member company of American International Group Inc., said Wednesday that it had introduced Emerging Edge, an index annuity product.
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This single-premium deferred index annuity has four interest crediting accounts that can be used to help diversify earnings ability.
Emerging Edge offers a free annual reallocation during which funds may be moved among interest crediting accounts without withdrawal charges or market-value adjustment on each contract anniversary. It also offers free withdrawals beginning in the second contract year - up to 10% of the annuity value as of the previous contract anniversary may be withdrawn without a withdrawal charge or market-value adjustment.
