Guaranteed Minimum Value Interest Rates Effective 01/01/23

Americo Guarantee Minimum Value Change

Effective January 1, 2023, the Guaranteed Minimum Value on Ultimate One Index Series fixed indexed annuities will equal 87.5% of the premium, minus any gross withdrawals and applicable premium tax, plus interest credited at the Guaranteed Minimum Value Interest Rate (GMVIR). This change applies to all applications signed on or after January 1, 2023.

The GMVIR, which can range from 0.15% to 3%, will be 3% in all states, subject to change quarterly.

These changes are not yet effective for South Dakota. The Guaranteed Minimum Values for South Dakota will equal 100% of the single premium, minus any gross withdrawals, surrender charges, and applicable premium tax, plus interest credited at the Guaranteed Minimum Value Interest Rate (GMVIR) of 2.45%.

To receive the current rates, Applications must be signed in 2022 and received by Americo’s administrative office on or before 5 p.m., Central time, Friday, January 13, 2023. Applications signed on and after January 1, 2023, or signed in 2022 and received by Americo after January 13, 2023, will receive the updated product.

Annuity packets with an updated disclosure will be available on the agent portal on January 1, 2023, and are required for applications signed on and after January 1, 2023. Avoid new business and commission delays by ensuring the most current forms, including the updated disclosure document, are used, and please discard any older versions you may have. 

For Elite 5 Annuity, the Guaranteed Minimum Value Interest Rate for policies issued in 2023 will be 2.45% for all contract years.

For Platinum Assure Series (Series 320) and Platinum Assure 5 (Series 271) in CA, the Minimum Guaranteed Interest Rate for policies issued in 2023 will be 2.35%.