AssetShield 9 (CA Only)

The American Equity Investment Life Insurance Company, founded in 1995, has been a leader in the annuity and retirement market for nearly three decades now. With a focus on empowering its clients to fulfill their retirement needs, the company is known to offer high-quality fixed indexed annuities, which balance protection and growth while guaranteeing a regular income stream. American Equity holds trustworthiness in high regard, striving to supply financial solutions well suited to their customers’ unique circumstances. Serving the domestic US market, their product distribution goes through independent advisors, banks, and broker-dealers.

American Equity Investment Life Insurance Company
15 customer reviews
AssetShield 9 (CA Only)-brochure AssetShield 9 (CA Only)-brochure

AssetShield 9 (CA Only)

Your Email

Ratings:

  • A.M. Best A-
  • Fitch A-
  • S&P A
  • Comdex 58

About Product

Type
Fixed Index
Purpose
Accumulation
Term
9 Years
Surrender schedule
8%8%7%6%5%4%3%2%1%
Fee withdrawal:
10%
Flexible premium
Product Life
Market Value Adjustment
Yes
Return Of Premium
No
Minimum Contribution
$5,000
Maximum Contribution
$1,500,000
Max Age Qualified
80
Types Of Funds
Non-Qualified, IRA, IRA Rollover, IRA Transfer, SEP IRA, IRA-Roth, 1035 Exchange, Inherited IRA, NQ Stretch, and TSP
Launch Date
10/09/2018
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 - Account Fee
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
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
3% Fixed
1-Year S&P 500 PTP Participation Rate
Point to Point
Annual
60% Participation
2-Year BlackRock Adaptive U.S. Equity 7% PTP Participation Rate
Point to Point
Biennial
250% Participation
2-Year BlackRock Adaptive U.S. Equity 7% PTP Participation Rate
Point to Point
Biennial
160% Participation
1-Year BlackRock Adaptive U.S. Equity 7% PTP Participation Rate
Point to Point
Annual
185% Participation
1-Year BlackRock Adaptive U.S. Equity 7% PTP Participation Rate
Point to Point
Annual
115% Participation
1-Year SG Global Sentiment 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 S&P 500 Dividend Aristocrats DRC 5% ER PTP Participation Rate
Point to Point
Annual
205% Participation
1-Year UBS Tech Edge PTP Participation Rate
Point to Point
Annual
205% Participation
1-Year UBS Tech Edge PTP Participation Rate
Point to Point
Annual
120% Participation
1-Year BofA Destinations PTP Participation Rate
Point to Point
Annual
120% Participation
1-Year BofA Destinations PTP Participation Rate
Point to Point
Annual
205% Participation
1-Year S&P 500 PTP Monthly Sum Cap
Point to Point
Annual
Monthly sum
3.1% Cap
1-Year S&P 500 PTP Cap
Point to Point
Annual
10.5% Cap
2-Year S&P 500 Dividend Aristocrats DRC 5% ER PTP Participation Rate
Point to Point
Biennial
325% Participation
2-Year UBS Tech Edge PTP Participation Rate
Point to Point
Biennial
325% Participation
2-Year UBS Tech Edge PTP Participation Rate
Point to Point
Biennial
200% Participation
2-Year SG Global Sentiment PTP Participation Rate
Point to Point
Biennial
325% Participation
2-Year SG Global Sentiment PTP Participation Rate
Point to Point
Biennial
200% Participation
2-Year BofA Destinations PTP Participation Rate
Point to Point
Biennial
325% Participation
2-Year BofA Destinations PTP Participation Rate
Point to Point
Biennial
200% Participation
2-Year S&P 500 Dividend Aristocrats DRC 5% ER PTP Participation Rate
Point to Point
Biennial
200% Participation
1-Year S&P 500 Dividend Aristocrats DRC 5% ER PTP Participation Rate
Point to Point
Annual
120% Participation
1-Year S&P 500 PTP Participation Rate
Point to Point
Annual
40% Participation
1-Year S&P 500 PTP Monthly Sum Cap
Point to Point
Annual
Monthly sum
2% Cap
1-Year S&P 500 PTP Cap
Point to Point
Annual
8.5% Cap

Surrender schedule

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

Riders

Name Inbuilt Fee
Rate Integrity Rider Yes

Waivers

Death

The Death Benefit is paid with no Surrender Charges.

Premium Notes

Minimum Premium:
  • $5,000
Maximum Premium:
  • 18-69: $1,500,000
  • 70-74: $1,000,000
  • 75-80: $750,000
Contract owners must choose how to allocate the initial premium. Additional premium payments can be made subject to our approval. Additional premiums are automatically allocated to the Fixed Interest Strategy and may be subject to different rates. The contract values may be reallocated between strategies on the contract anniversary, subject to a minimum allocation value of $1,000 each.
Additional premium payments can be added either lump sum or systematic whenever. 

Note: TSP funds have to be rolled into an IRA.

Withdrawal Provisions

Market Value Adjustment (MVA)
This product contains a Market Value Adjustment (MVA) Rider. An MVA may increase or decrease the amount of a withdrawal in excess of the Free Withdrawal amount or the Surrender Value.  The MVA does not apply to Free Withdrawals, any Death Benefit, the MGSV, or any distributions occurring after the Surrender Charge Period has ended.  In general, as the MVA Index increases, Cash Surrender Values decrease. As the MVA Index decreases, Cash Surrender Values increase.

Free Withdrawals
This is an opportunity each year (after the first contract year) to take Free Withdrawals up to 10% of the Contract Value. For Cumulative withdrawals, American Equity allows 10% of the contract value after the 1st contract year.  The free withdrawal percentage is never more than 10%.
Systematic Withdrawal of interest only from the Fixed Value, available after 30 days.

Death Benefit
The greater of the Contract Value or the Minimum Guaranteed Surrender Value. Death Benefit proceeds are paid to the surviving joint owner. If there is no surviving joint owner, the Death Benefit is paid to the named beneficiary(ies) with no Surrender Charges. Generally paid in the lump-sum, other payment options are also available. 

Other American Equity Products

You might also be interested in

James Alden Experienced Financial Advisor
25 years experience
3,712 career consultations
4 slots free for today
scheduling.
Your Name
Your Phone
Thank you for your trust! I have received your contact information. Please wait for a call within 30 minutes. 😌