Fixed index annuity review and rates

AssetShield 9 (CA Only)

AssetShield 9 (California) 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.

Premium Allocations
The initial premium payment can be allocated, in any combination, to either the fixed interest or any of the index strategies. Payments received after the initial premium automatically go into the fixed interest strategy. Contract Values may be reallocated on the contract anniversary between strategies subject to these minimums:
  • The minimum allocation for each value is $1,000.
  • The minimum transfer to select a new value is 10% of the Contract Value.
  • For the 2-year point to point, Contract Values can be reallocated at the end of a two-year term.
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%.
 
Please take note that the fee shown for the 2-year enhanced Indexed Crediting Strategies is applied every single year, which is 1.5% annually. Therefore, that is a biennial fee of 3.00% for the whole term as declared in the interest rates (Product fact sheets).
Available in states: CA

Allocation Accounts

Name Type Rates
1-Year S&P 500 PTP NeXt Monthly Sum Replacement Rate
NeXt
Annual
Monthly sum
1.2% Cap
1-Year S&P 500 PTP NeXt Monthly Sum Replacement Rate
NeXt
Annual
Monthly sum
0.1% Cap
1-Year Fixed Account
Fixed
3.25% Fixed
2-Year BofA Destinations PTP Participation Rate
Point to Point
Biennial
175% Participation
2-Year BofA Destinations PTP Participation Rate
Point to Point
Biennial
300% Participation
2-Year SG Global Sentiment PTP Participation Rate
Point to Point
Biennial
170% Participation
2-Year SG Global Sentiment PTP Participation Rate
Point to Point
Biennial
295% Participation
2-Year CS Tech Edge PTP Participation Rate
Point to Point
Biennial
185% Participation
2-Year CS Tech Edge PTP Participation Rate
Point to Point
Biennial
320% Participation
2-Year S&P 500 Dividend Aristocrats DRC 5% ER PTP Participation Rate
Point to Point
Biennial
285% Participation
1-Year S&P 500 PTP Participation Rate
Point to Point
Annual
45% Participation
1-Year S&P 500 PTP Cap
Point to Point
Annual
10% Cap
1-Year S&P 500 PTP Monthly Sum Cap
Point to Point
Annual
Monthly sum
2.7% Cap
1-Year BofA Destinations PTP Participation Rate
Point to Point
Annual
205% Participation
1-Year BofA Destinations PTP Participation Rate
Point to Point
Annual
120% Participation
1-Year CS Tech Edge PTP Participation Rate
Point to Point
Annual
125% Participation
1-Year CS Tech Edge PTP Participation Rate
Point to Point
Annual
215% Participation
1-Year S&P 500 Dividend Aristocrats DRC 5% ER PTP Participation Rate
Point to Point
Annual
205% Participation
1-Year SG Global Sentiment PTP Participation Rate
Point to Point
Annual
120% Participation
1-Year SG Global Sentiment PTP Participation Rate
Point to Point
Annual
205% Participation
1-Year S&P 500 PTP Cap
Point to Point
Annual
8% Cap
1-Year S&P 500 PTP Monthly Sum Cap
Point to Point
Annual
Monthly sum
2% Cap
1-Year S&P 500 PTP Participation Rate
Point to Point
Annual
30% Participation
1-Year S&P 500 Dividend Aristocrats DRC 5% ER PTP Participation Rate
Point to Point
Annual
120% Participation
2-Year S&P 500 Dividend Aristocrats DRC 5% ER PTP Participation Rate
Point to Point
Biennial
165% Participation

Surrender schedule

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