American Equity IncomeShield BONUS 10
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!
American Equity IncomeShield BONUS 10
About Product
Please note that two Lifetime Income Benefit Rider options with and without fees are available for this product. The client may choose ONE option only.
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
|
| 1-Year Nasdaq Premier PTP Participation Rate |
Point to Point
Annual
|
32%
Participation
|
| 2-Year Nasdaq Premier PTP Participation Rate |
Point to Point
Biennial
|
45%
Participation
|
| 2-Year Nasdaq Premier PTP Cap |
Point to Point
Biennial
|
11%
Cap
|
| 1-Year Nasdaq Premier PTP Cap |
Point to Point
Annual
|
4.5%
Cap
|
| 1-Year NYSE Premier PTP Cap |
Point to Point
Annual
|
4.5%
Cap
|
| 2-Year NYSE Premier PTP Cap |
Point to Point
Biennial
|
11%
Cap
|
| 2-Year NYSE Premier PTP Participation Rate |
Point to Point
Biennial
|
45%
Participation
|
| 1-Year NYSE Premier PTP Participation Rate |
Point to Point
Annual
|
32%
Participation
|
| 1-Year S&P 500 Advantage 15% VT TCA ER PTP Participation Rate |
Point to Point
Annual
|
30%
Participation
|
| 2-Year S&P 500 Advantage 15% VT TCA ER PTP Participation Rate |
Point to Point
Biennial
|
45%
Participation
|
| 2-Year S&P 500 Advantage 15% VT TCA ER PTP Cap |
Point to Point
Biennial
|
9%
Cap
|
| 1-Year S&P 500 Advantage 15% VT TCA ER PTP Cap |
Point to Point
Annual
|
3.75%
Cap
|
| 1-Year S&P 500 Advantage 15% VT TCA ER Performance Trigger |
Performance Triggered
Annual
|
4%
Performance triggered
|
| 1-Year S&P 500 Performance Trigger |
Performance Triggered
Annual
|
2.75%
Performance triggered
|
Surrender schedule
| Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
|---|---|---|---|---|---|---|---|---|---|---|
| Penalty | 9% | 9% | 8% | 7% | 6% | 5% | 4% | 3% | 2% | 1% |
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 |
| IncomeShield LIBR Option 2 - 6.5% Rollup & Wellbeing Rider | Yes | 1.20% annually |
| IncomeShield LIBR Option 1 - 10% Rollup & Wellbeing Rider | Yes | 1.20% 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.
RMD
The product includes Penalty-Free Withdrawal Provisions for RMD.
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
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.
- A.M. Best A
- Fitch A
- S&P A
- Comdex 75
