Fixed index annuity review and rates

AssetShield 5

AssetShield 5 is a Flexible Premium Deferred Annuity designed to help protect hard-earned dollars from index fluctuations while offering interest growth opportunities based on increases in an index. Money access options and features With AssetShield 5, there is always access to money in the annuity. American Equity provides withdrawal flexibility and a variety of liquidity options.

Rider Charge
The rider charge is the amount deducted on the last day of each indexed strategy term from each indexed strategy to which the rider is applied. To calculate the rider charge, the rider fee (1.5% for monthly and annual point-to-point strategies and 3% for 2- year point to point strategies) is multiplied by the strategy value of the corresponding indexed strategy on the first day of each term. The rider fee will not change during the surrender charge period and will never be more than the maximum rider fee of 3%.
Available in states: AL, AK, AZ, AR, CA, CO, CT, DE, DC, FL, GA, HI, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, WV, WI, and WY

Allocation Accounts

Name Type Rates
1-Year S&P 500 PTP NeXt Monthly Sum Replacement Rate
NeXt
Annual
Monthly sum
0.1% Cap
1-Year S&P 500 PTP NeXt Monthly Sum Replacement Rate
NeXt
Annual
Monthly sum
1.2% Cap
1-Year Fixed Account
Fixed
2.8% Fixed
1-Year S&P 500 PTP Cap
Point to Point
Annual
7% Cap
1-Year S&P 500 PTP Monthly Sum Cap
Point to Point
Annual
Monthly sum
1.7% Cap
1-Year S&P 500 PTP Participation Rate
Point to Point
Annual
24% Participation
1-Year S&P 500 Dividend Aristocrats DRC 5% ER PTP Participation Rate
Point to Point
Annual
100% Participation
1-Year BofA Destinations PTP Participation Rate
Point to Point
Annual
100% Participation
1-Year CS Tech Edge PTP Participation Rate
Point to Point
Annual
105% Participation
1-Year SG Global Sentiment PTP Participation Rate
Point to Point
Annual
100% Participation
1-Year BofA Destinations PTP Participation Rate
Point to Point
Annual
190% Participation
1-Year CS Tech Edge PTP Participation Rate
Point to Point
Annual
195% Participation
1-Year S&P 500 Dividend Aristocrats DRC 5% ER PTP Participation Rate
Point to Point
Annual
190% Participation
1-Year SG Global Sentiment PTP Participation Rate
Point to Point
Annual
190% Participation
1-Year S&P 500 PTP Participation Rate
Point to Point
Annual
38% Participation
1-Year S&P 500 PTP Cap
Point to Point
Annual
9% Cap
1-Year S&P 500 PTP Monthly Sum Cap
Point to Point
Annual
Monthly sum
2.4% Cap

Surrender schedule

Year 1 2 3 4 5
Penalty 9% 9% 8% 7% 6%

Riders

Name Inbuilt Fee
Rate Integrity Rider Yes None
American Equity Investment Life Insurance Company
Founded: 1995
A.M. Best: A-
Fitch: A-
S&P: A-
Carrier details
Free withdrawal
1st year: 0%
2nd+ year: 10%
Surrender schedule
5 years
Return of premium
Market value adjustment
Minimum contribution
$5,000
Types of funds
Non-Qualified, IRA, SEP IRA, IRA-Roth, 1035 Exchange, Inherited IRA, and TSP