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.

American Equity Investment Life Insurance Company
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AssetShield 5-brochure AssetShield 5-brochure

AssetShield 5

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Ratings:

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

About Product

Type
Fixed Index
Purpose
Accumulation
Term
5 Years
Surrender schedule
9.2%9%8%7%6%
Fee withdrawal:
10%
Flexible premium
Product Life
Market Value Adjustment
Yes
Return Of Premium
No x
Minimum Contribution
$5,000
Maximum Contribution
$1,500,000
Max Age Qualified
85
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 5 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. Money access options and features With AssetShield 5, there is always access to money in the annuity. American Equity provides withdrawal flexibility and a variety of liquidity options.

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%.
Available in states: AL, AK, AZ, AR, CA, CO, CT, DE, DC, FL, GA, HI, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, WV, WI, and WY

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

Minimum Premium:
  • $5,000
Maximum Premium:
  • 18-69: $1,500,000
  • 70-74: $1,000,000
  • 75-80: $750,000
  • 81-85: $500,000
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

Withdrawals
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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