AssetShield 9 (CA Only)
The AssetShield 9 Annuity makes retirement planning easy! This California-specific product stands out for its generous payout options and debt protection. You'll love the reassurance of knowing your future is secure.
We're talking less financial worry and more time to enjoy your golden years. The AssetShield 9 just simply makes sense for a worry-free retirement. It's comfort, protection, and peace of mind - all rolled into one.
AssetShield 9 (CA Only)
About Product
Premium Allocations
The initial premium payment can be allocated, in any combination, to either the fixed interest or any of the index strategies. Payments received after the initial premium automatically go into the fixed interest strategy. Contract Values may be reallocated on the contract anniversary between strategies subject to these minimums:
- The minimum allocation for each value is $1,000.
- The minimum transfer to select a new value is 10% of the Contract Value.
- For the 2-year point to point, Contract Values can be reallocated at the end of a two-year term.
In exchange for a fee, this rider provides the opportunity to increase the cap, participation rate or replacement rate on elected index-linked crediting strategies. The rider fee is locked-in for the surrender charge schedule and deducted on the last day of each term.
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%.
Please take note that the fee shown for the 2-year enhanced Indexed Crediting Strategies is applied every single year, which is 1.5% annually. Therefore, that is a biennial fee of 3.00% for the whole term as declared in the interest rates (Product fact sheets).
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
|
4.25%
Fixed
|
1-Year S&P 500 PTP Participation Rate |
Point to Point
Annual
|
60%
Participation
|
2-Year BlackRock Adaptive U.S. Equity 7% PTP Participation Rate |
Point to Point
Biennial
|
260%
Participation
|
2-Year BlackRock Adaptive U.S. Equity 7% PTP Participation Rate |
Point to Point
Biennial
|
170%
Participation
|
1-Year BlackRock Adaptive U.S. Equity 7% PTP Participation Rate |
Point to Point
Annual
|
195%
Participation
|
1-Year BlackRock Adaptive U.S. Equity 7% PTP Participation Rate |
Point to Point
Annual
|
130%
Participation
|
1-Year SG Global Sentiment PTP Participation Rate |
Point to Point
Annual
|
205%
Participation
|
1-Year SG Global Sentiment PTP Participation Rate |
Point to Point
Annual
|
120%
Participation
|
1-Year S&P 500 Dividend Aristocrats DRC 5% ER PTP Participation Rate |
Point to Point
Annual
|
215%
Participation
|
1-Year UBS Tech Edge PTP Participation Rate |
Point to Point
Annual
|
205%
Participation
|
1-Year UBS Tech Edge PTP Participation Rate |
Point to Point
Annual
|
120%
Participation
|
1-Year BofA Destinations PTP Participation Rate |
Point to Point
Annual
|
120%
Participation
|
1-Year BofA Destinations PTP Participation Rate |
Point to Point
Annual
|
205%
Participation
|
1-Year S&P 500 PTP Monthly Sum Cap |
Point to Point
Annual
Monthly sum
|
3.3%
Cap
|
1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
11%
Cap
|
2-Year S&P 500 Dividend Aristocrats DRC 5% ER PTP Participation Rate |
Point to Point
Biennial
|
335%
Participation
|
2-Year UBS Tech Edge PTP Participation Rate |
Point to Point
Biennial
|
325%
Participation
|
2-Year UBS Tech Edge PTP Participation Rate |
Point to Point
Biennial
|
200%
Participation
|
2-Year SG Global Sentiment PTP Participation Rate |
Point to Point
Biennial
|
325%
Participation
|
2-Year SG Global Sentiment PTP Participation Rate |
Point to Point
Biennial
|
200%
Participation
|
2-Year BofA Destinations PTP Participation Rate |
Point to Point
Biennial
|
325%
Participation
|
2-Year BofA Destinations PTP Participation Rate |
Point to Point
Biennial
|
200%
Participation
|
2-Year S&P 500 Dividend Aristocrats DRC 5% ER PTP Participation Rate |
Point to Point
Biennial
|
215%
Participation
|
1-Year S&P 500 Dividend Aristocrats DRC 5% ER PTP Participation Rate |
Point to Point
Annual
|
130%
Participation
|
1-Year S&P 500 PTP Participation Rate |
Point to Point
Annual
|
45%
Participation
|
1-Year S&P 500 PTP Monthly Sum Cap |
Point to Point
Annual
Monthly sum
|
2%
Cap
|
1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
9%
Cap
|
2-Year BNPP Patriot Technology PTP Participation Rate |
Point to Point
Biennial
|
225%
Participation
|
1-Year BNPP Patriot Technology PTP Participation Rate |
Point to Point
Annual
|
165%
Participation
|
2-Year BNPP Patriot Technology PTP Participation Rate |
Point to Point
Biennial
|
160%
Participation
|
1-Year BNPP Patriot Technology PTP Participation Rate |
Point to Point
Annual
|
115%
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 |
---|---|---|
Rate Integrity Rider | Yes |
Waivers
Death
The Death Benefit is paid with no Surrender Charges.
Premium Notes
- $5,000
- 18-69: $1,500,000
- 70-74: $1,000,000
- 75-80: $750,000
Additional premium payments can be added either lump sum or systematic whenever.
Withdrawal Provisions
Market Value Adjustment (MVA)This product contains a Market Value Adjustment (MVA) Rider. An MVA may increase or decrease the amount of a withdrawal in excess of the Free Withdrawal amount or the Surrender Value. The MVA does not apply to Free Withdrawals, any Death Benefit, the MGSV, or any distributions occurring after the Surrender Charge Period has ended. In general, as the MVA Index increases, Cash Surrender Values decrease. As the MVA Index decreases, Cash Surrender Values increase.Free WithdrawalsThis 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.Death BenefitThe greater of the Contract Value or the Minimum Guaranteed Surrender Value. Death Benefit proceeds are paid to the surviving joint owner. If there is no surviving joint owner, the Death Benefit is paid to the named beneficiary(ies) with no Surrender Charges. Generally paid in the lump-sum, other payment options are also available.
- A.M. Best A
- Fitch A-
- S&P A
- Comdex 73