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DISCONTINUED PRODUCT - Product not available to new enrollees.

The Commodore Distinction
Product ID: 4

Vendor:
Great American Insurance Group (Annuity Investors Life Insurance Company)
Type:
Fixed Annuity 
Discontinued Discontinued


3%
AM Best:
A
Moody's:
A2
S&P:
A+
8 Years / 12.00%
No





The Annuity Investors Commodore Distinction accepts flexible, periodic or single Purchase Payments for TSA, 401(a), IRA (Traditional, Roth, SEP and SIMPLE), 457 and non-qualified. There are no up front sales charges or administrative fees. Each deposit will have its own 7 year rolling early withdrawal period. The early withdrawal period is based on the number of full years that have elapsed since the date on which the Purchase Payment was applied. After the 10th contract anniversary, no early withdrawal charges will be applied. Early withdrawal period on qualified business will be waived when the owner is age 55, separated from service and has been in the contract for at least seven years. A 2% interest rate bonus is added to each purchase payment during the first contract year.

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The Commodore Distinction fixed annuity has a loan rate of 6.00%. A 3% interest rate is credited back to the participant's account for the Commodore Distinction. Annuity Investors Life Insurance Company does not charge an origination or maintenance fee. The minimum loan amount offered is $1,000 and the maximum is based on the value of the contract and IRS limits.

GAFRI will comply with IRS Code to allow distributions from qualified annuity contracts by the required beginning date--April 1 following the calendar year in which the Annuitant reaches 70 ½, or follow the calendar year in which the Annuitant separates from service. If the Annuitant decides to meet the required minimum distribution through annuitization of the contract, then substantially equal payments must be made at least annually. If the Annuitant decides to meet the required minimum distribution other than through annuitization, then, by the required beginning date, the Annuitant will need to take distribution for the calendar year preceding the beginning date.
Joint and One-half Survivor - AILIC will make periodic payments until the death of the primary person on whose life payments are based; thereafter, we will make one-half of the periodic payment until the death of the secondary person on whose life payments are based. The first payment will be paid as of the last day of the initial payment interval.
AILIC will make periodic payments for a fixed period equal to the life expectancy of the person on whose life payments are based. This life expectancy is determined under tables adopted by the Health Care Financing Administration. This option is irrevocable. As of the date that payments begin under this option, this Contract has no value that can be assigned, transferred, surrendered, loaned, commuted or withdrawn. The first payment will be paid as of the last day of the initial payment interval.
AILIC will make periodic payments for at least a fixed period. If the person on whose life payments are based lives longer than the fixed period, then we will make payments until his or her death. The first payment will be paid as of the last day of the initial payment interval.
This option is available at anytime. After the 10th contract year, all remaining surrender charges are waived. There is no Mortality and Expense Charge, Annual Administration Charge or Annual Fee.
Income for a Fixed Period - AILIC will make payments for a fixed period. The first payment will be paid as of the last day of the initial payment interval. The maximum time over which payments will be made by us or money will be held by us is twenty (20) years.
Interest Payments:
AILIC will hold the amount applied for the fixed period you select. We will pay interest on that amount to the payee at the interval you select. The first payment will be paid as of the last day of the initial payment interval. At the end of the period, you may select another option or you may receive the amount then held in one sum.
Yes

This product does not offer an Annuitization Bonus.
This product does not offer a Persistency bonus.
Investment Year Bonus Rate
1 2%
These rates may change without notice. Contact your provider for the most current rates.



All 403(b) products contain fees. The amount of fees varies greatly depending on the product. A slight increase in fees can substantially reduce the growth in your account which will reduce your income in retirement. To learn more about the impact of fees, and the different types of fees please refer to the Explanation of Fees piece located in the Help & Resources.

Surrender Charges

Surrender Period* Surrender Percentage
1 12.00%
2 11.00%
3 10.00%
4 9.00%
5 8.00%
6 6.00%
7 4.00%
8 0.00%

*Expressed in contract years


Surrender Penalty Charge assessed on a "rolling" basis: Each deposit will have its own seven-year rolling early withdrawal period. The early withdrawal charge is based on the number of full years that have elapsed since the date on which the Purchase Payment was applied. They are expressed as a percenta
Exceptions to the Surrender Charge:
Percent of contract value:
100.00%
Percent of purchase payments:
100.00%
Death:
Yes
Attainment of Age:
55

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