Ratings:

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

James Alden

Experienced Financial Advisor

25 years

experience

3,712

career consultations

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IncomeShield 7 (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.

15 customer reviews

IncomeShield 7 (CA Only)

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Ratings:

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

About Product

Type

Fixed Index

Purpose

Lifetime Income

Term

7 Years

Surrender schedule

8.3%8.25%7.25%6.25%5.2%4.2%3.1%

Fee withdrawal:

10%

Flexible premium

Product Life

Market Value Adjustment

Yes

Return Of Premium

Minimum Contribution

$5,000

Maximum Contribution

$1,500,000

Max Age Qualified

Types Of Funds

Non-Qualified, IRA, IRA Rollover, IRA Transfer, SEP IRA, IRA-Roth, 1035 Exchange, Inherited IRA, NQ Stretch, and TSP

Launch Date

03/19/2018

IncomeShield 7 is a fixed index annuity designed to help protect hard-earned dollars from index fluctuations while offering interest growth opportunities based on increases in an index.

Available in states: CA

Allocation Accounts

Name	Type	Rates
1-Year Fixed Account	Fixed	1.7% Fixed
1-Year S&P 500 PTP Cap	Point to Point Annual	2.75% Cap
1-Year S&P 500 Dividend Aristocrats DRC 5% ER PTP Cap	Point to Point Annual	4.5% Cap
1-Year S&P 500 Dividend Aristocrats DRC 5% ER PTP Participation Rate	Point to Point Annual	65% Participation
1-Year S&P 500 PTP Participation Rate	Point to Point Annual	10% Participation
1-Year BofA Destinations PTP Participation rate	Point to Point Annual	75% Participation
1-Year SG Global Sentiment PTP Participation rate	Point to Point Annual	75% Participation
1-Year UBS Tech Edge PTP Participation rate	Point to Point Annual	80% Participation
1-Year BlackRock Adaptive U.S. Equity 5% PTP Participation Rate	Point to Point Annual	80% Participation

Surrender schedule

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

Riders

Name	Inbuilt	Fee
IncomeShield LIBR - CA Option 1 - 4.00% Rollup	Yes
IncomeShield LIBR CA - Option 3 - 6.5% Rollup	Yes	1.10% annually
IncomeShield LIBR CA Option 2 - 8.25% Rollup	Yes	1.10% annually
IncomeShield LIBR - CA Option 4 - 8.25% Rollup & Wellbeing Rider	Yes	1.20% annually
IncomeShield LIBR - CA Option 5 - 6.5% Rollup & Wellbeing Rider	Yes	1.20% annually

Waivers

Death

No Surrender Charges at Death

Premium Notes

Minimum Premium:

$5,000

Maximum Premium:

40-69: $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

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.