American Equity Investment Life Insurance Company
4.6
based on complex data
Annuity Educator Rating
Annuity review

IncomeShield 10 with LIBR

The IncomeShield 10 with LIBR annuity is a fantastic choice if you want a stable income flow in your golden years. It's known for its predictable monthly payout, assuring you peace of mind, allowing you to enjoy your retirement worry-free.

The built-in Lifetime Income Benefit Rider (LIBR) is the cherry on the cake. It increases your income potential even more, ensuring your financial security. It's a well-rounded product that secures your future comfortably. An excellent choice for retirees!

IncomeShield 10 with LIBR-brochure IncomeShield 10 with LIBR-brochure

IncomeShield 10 with LIBR

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About Product

Type
Fixed Index
Purpose
Lifetime Income
Premium Bonus
10%
Term
10 Years
Surrender schedule
9.1%
9%
8%
7%
6%
5%
4%
3%
2%
1%
Fee withdrawal:
10%
Flexible premium
Product Life
Market Value Adjustment
Yes
Return Of Premium
No
Minimum Contribution
$5,000
Maximum Contribution
$1,500,000
Max Age Qualified
80
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 10 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.

Please note five Lifetime Income Benefit Rider options with and without fees are available for this product. The client may choose ONE option only. A product without any rider is available separately. 
Available in states: AL, AK, AZ, AR, 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 Fixed Account
Fixed
2% Fixed
2-Year UBS Tech Edge PTP Participation rate
Point to Point
Biennial
65% Participation
2-Year BlackRock Adaptive U.S. Equity 5% PTP Participation Rate
Point to Point
Biennial
145% Participation
1-Year BlackRock Adaptive U.S. Equity 5% PTP Participation Rate
Point to Point
Annual
95% Participation
1-Year S&P 500 PTP Participation Rate
Point to Point
Annual
20% Participation
1-Year S&P 500 PTP Cap
Point to Point
Annual
3.25% Cap
1-Year SG Global Sentiment PTP Participation rate
Point to Point
Annual
45% Participation
1-Year UBS 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 BofA Destinations PTP Participation rate
Point to Point
Annual
45% Participation
2-Year BofA Destinations PTP Participation rate
Point to Point
Biennial
65% Participation
1-Year S&P 500 Dividend Aristocrats DRC 5% ER PTP Participation Rate
Point to Point
Annual
85% Participation
1-Year S&P 500 Dividend Aristocrats DRC 5% ER PTP Cap
Point to Point
Annual
7.5% Cap
2-Year S&P 500 Dividend Aristocrats DRC 5% ER PTP Participation Rate
Point to Point
Biennial
125% Participation
1-Year S&P 500 PTP Monthly Sum Cap
Point to Point
Annual
Monthly sum
1.3% Cap
2-Year S&P 500 PTP Participation Rate
Point to Point
Biennial
30% Participation
2-Year S&P 500 PTP Cap
Point to Point
Biennial
7% Cap

Surrender schedule

Year 1 2 3 4 5 6 7 8 9 10
Penalty 9% 9% 8% 7% 6% 5% 4% 3% 2% 1%

Hypothetical Projection

Comparison against S&P 500 using current rates
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Riders

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

Waivers

Death

No Surrender Charges at Death

Enhanced Benefit

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 IncomeSheild Series.

Premium Notes

Minimum Premium:
  • $5,000
Maximum Premium:
  • 18-69: $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 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.

Company Founded: 1995
Excellent Rated Company
American Equity Investment Life Insurance Company
Company Ratings
4.5
  • A.M. Best A-
  • Fitch A-
  • S&P A
  • Comdex 58
Assets: $59,829,070,316
Iowa

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