Fixed index annuity review and rates

Bonus Gold

Bonus Gold is a Flexible Premium Deferred Annuity with a 16-year surrender charge period which pays a one year premium bonus of 10%. The Bonus Gold offers a Fixed Interest Account and Multiple Equity Index Options.

The Indexed Interest Rate is not calculated or credited between index crediting dates; consequently amounts surrendered between index crediting dates will not earn any interest credits. Any interest credit is applied to your annuity on its annual anniversary and is locked-in so future decreases in any index will not affect the interest already credited to your annuity.
Available in states: AL, AZ, AR, CO, DE, DC, FL, GA, HI, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MS, MO, NE, NH, NM, NC, ND, RI, SD, TN, VT, VA, WV, WI, and WY

Allocation Accounts

Name Type Rates
1-Year Fixed Account
Fixed
1.1% Fixed
1-Year S&P 500 PTP Participation Rate
Point to Point
Annual
10% Participation
1-Year S&P 500 PTP Monthly Average Participation Rate
Point to Point
Annual
Monthly average
17% Participation
1-Year S&P 500 PTP Monthly Average Cap
Point to Point
Annual
Monthly average
2% Cap
1-Year Dow Jones PTP Monthly Average Cap
Point to Point
Annual
Monthly average
2.25% Cap
1-Year Dow Jones PTP Cap
Point to Point
Annual
2.25% Cap
1-Year S&P 500 PTP Monthly Sum Cap
Point to Point
Annual
Monthly sum
1.1% Cap
1-Year S&P 500 PTP Cap
Point to Point
Annual
2% Cap
1-Year S&P 500 Dividend Aristocrats DRC 5% PTP Spread
Point to Point
Annual
4.75% Spread
1-Year US 10-Year Treasury Bond PTP Cap and Spread
Point to Point
Annual
2.25% Cap
1-Year S&P 500 Performance Triggered
Performance Triggered
Annual
1.5% Performance triggered
1-Year Bond Yield Inverse Cap with Spread
Inverse Cap
Annual
5.15% Cap
2% Spread

Surrender schedule

Year 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16
Penalty 20% 20% 19% 19% 18% 18% 17% 16% 15% 14% 12% 10% 8% 6% 4% 2%

Riders

Name Inbuilt Fee
LIBR Option 1 - 6.00% Rollup No 0.90% annually
LIBR Option 2 - 6.00% Rollup & Wellbeing Rider No 1.00% annually
LIBR Option 3 - Bonus Product Indexing Income No 0.90% annually
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%
Premium bonus
10%
Surrender schedule
16 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