Fixed index annuity review and rates

IncomeShield 9 with LIBOR (CA Only)

IncomeShield 9 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% Fixed
1-Year S&P 500 PTP Cap
Point to Point
Annual
1.75% Cap
1-Year S&P 500 PTP Monthly Sum Cap
Point to Point
Annual
Monthly sum
1% Cap
1-Year S&P 500 PTP Participation Rate
Point to Point
Annual
10% Participation
1-Year S&P 500 Dividend Aristocrats DRC 5% ER PTP Participation Rate
Point to Point
Annual
35% Participation
2-Year S&P 500 Dividend Aristocrats DRC 5% ER PTP Participation Rate
Point to Point
Biennial
50% Participation
1-Year S&P 500 Dividend Aristocrats DRC 5% ER PTP Cap
Point to Point
Annual
2.25% Cap
2-Year S&P 500 PTP Cap
Point to Point
Biennial
3.75% Cap
2-Year S&P 500 PTP Participation Rate
Point to Point
Biennial
15% Participation
1-Year BofA Destinations PTP Participation rate
Point to Point
Annual
45% Participation
2-Year BofA Destinations PTP Participation rate
Point to Point
Biennial
65% Participation
2-Year CS Tech Edge PTP Participation rate
Point to Point
Biennial
65% Participation
1-Year CS Tech Edge PTP Participation rate
Point to Point
Annual
45% Participation
2-Year SG Global Sentiment PTP Participation rate
Point to Point
Biennial
65% Participation
1-Year SG Global Sentiment PTP Participation rate
Point to Point
Annual
45% Participation

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
IncomeShield LIBR - CA Option 1 - 4.00% Rollup Yes None
IncomeShield LIBR CA - Option 3 - 7.00% Rollup Yes 1.10% annually
IncomeShield LIBR CA Option 2 - 8.25% Rollup Yes 1.10% 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
7%
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