AssetShield 5
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.
AssetShield 5
Ratings:
- A.M. Best A-
- Fitch A-
- S&P A
- Comdex 58
About Product
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%.
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
|
2.35%
Fixed
|
| 1-Year BlackRock Adaptive U.S. Equity 7% PTP Participation Rate |
Point to Point
Annual
|
165%
Participation
|
| 1-Year BlackRock Adaptive U.S. Equity 7% PTP Participation Rate |
Point to Point
Annual
|
105%
Participation
|
| 1-Year S&P 500 PTP Monthly Sum Cap |
Point to Point
Annual
Monthly sum
|
2.7%
Cap
|
| 1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
8.5%
Cap
|
| 1-Year S&P 500 PTP Participation Rate |
Point to Point
Annual
|
45%
Participation
|
| 1-Year SG Global Sentiment PTP Participation Rate |
Point to Point
Annual
|
160%
Participation
|
| 1-Year S&P 500 Dividend Aristocrats DRC 5% ER PTP Participation Rate |
Point to Point
Annual
|
170%
Participation
|
| 1-Year UBS Tech Edge PTP Participation Rate |
Point to Point
Annual
|
155%
Participation
|
| 1-Year BofA Destinations PTP Participation Rate |
Point to Point
Annual
|
165%
Participation
|
| 1-Year SG Global Sentiment PTP Participation Rate |
Point to Point
Annual
|
105%
Participation
|
| 1-Year UBS Tech Edge PTP Participation Rate |
Point to Point
Annual
|
105%
Participation
|
| 1-Year BofA Destinations PTP Participation Rate |
Point to Point
Annual
|
105%
Participation
|
| 1-Year S&P 500 Dividend Aristocrats DRC 5% ER PTP Participation Rate |
Point to Point
Annual
|
105%
Participation
|
| 1-Year S&P 500 PTP Participation Rate |
Point to Point
Annual
|
30%
Participation
|
| 1-Year S&P 500 PTP Monthly Sum Cap |
Point to Point
Annual
Monthly sum
|
1.8%
Cap
|
| 1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
6.5%
Cap
|
Surrender schedule
| Year | 1 | 2 | 3 | 4 | 5 |
|---|---|---|---|---|---|
| Penalty | 9% | 9% | 8% | 7% | 6% |
Riders
| Name | Inbuilt | Fee |
|---|---|---|
| Rate Integrity Rider | Yes |
Waivers
Death
The Death Benefit is paid with no Surrender Charges.
Enhanced Benefit
Unavailable in states: CA
This rider provides both a qualified nursing care benefit and terminal illness benefit. After the first contract year, a one-time free withdrawal of up to 100% of the contract value is allowed if 1) the owner is confined to a qualified nursing care facility for a minimum of 90 days and confinement begins after the contract issue date; OR 2) the owner is diagnosed with a terminal illness after the contract is issued. Written proof is required. Included automatically for ages 75 and under for AssetSheild Series.
Premium Notes
- $5,000
- 18-69: $1,500,000
- 70-74: $1,000,000
- 75-80: $750,000
- 81-85: $500,000
Additional premium payments can be added either lump sum or systematic whenever.
Note: TSP funds have to be rolled into an IRA.
Withdrawal Provisions
Withdrawals can be made from the annuity contract any time before the maturity date of the contract. Free withdrawals of up to 10% of the contract value are allowed each contract year beginning in year two. Free withdrawals are not subject to withdrawal charges.
Withdrawal charges will apply to withdrawals taken in excess of the free withdrawal amount. Any withdrawal from the contract will result in a reduction of the contract values.
Systematic Withdrawal of interest only from the Fixed Value, available after 30 days.
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