IncomeShield 10 without LIBR
The IncomeShield 10 offers you a secure way to plan your retirement. This annuity product gives you consistent, lifetime payouts, ensuring you have a stable income during your golden years. Say goodbye to market volatility worries!
What makes IncomeShield 10 stand out is its zero maintenance effort. From its hassle-free set-up to its smooth payouts, this product does all the work for you! Plan your retirement with the IncomeShield 10 for a worry-free future.
IncomeShield 10 without LIBR
About Product
Allocation Accounts
| Name | Type | Rates |
|---|---|---|
| 1-Year Fixed Account |
Fixed
|
2.1%
Fixed
|
| 2-Year BofA Destinations PTP Participation rate |
Point to Point
Biennial
|
70%
Participation
|
| 1-Year BlackRock Adaptive U.S. Equity 5% PTP Participation Rate |
Point to Point
Annual
|
100%
Participation
|
| 2-Year BlackRock Adaptive U.S. Equity 5% PTP Participation Rate |
Point to Point
Biennial
|
150%
Participation
|
| 2-Year S&P 500 PTP Participation Rate |
Point to Point
Biennial
|
35%
Participation
|
| 2-Year S&P 500 PTP Cap |
Point to Point
Biennial
|
7.5%
Cap
|
| 2-Year SG Global Sentiment PTP Participation rate |
Point to Point
Biennial
|
70%
Participation
|
| 1-Year SG Global Sentiment PTP Participation rate |
Point to Point
Annual
|
50%
Participation
|
| 2-Year UBS Tech Edge PTP Participation rate |
Point to Point
Biennial
|
70%
Participation
|
| 1-Year UBS Tech Edge PTP Participation rate |
Point to Point
Annual
|
50%
Participation
|
| 1-Year BofA Destinations PTP Participation rate |
Point to Point
Annual
|
50%
Participation
|
| 1-Year S&P 500 Dividend Aristocrats DRC 5% ER PTP Participation Rate |
Point to Point
Annual
|
90%
Participation
|
| 1-Year S&P 500 Dividend Aristocrats DRC 5% ER PTP Cap |
Point to Point
Annual
|
8%
Cap
|
| 2-Year S&P 500 Dividend Aristocrats DRC 5% ER PTP Participation Rate |
Point to Point
Biennial
|
130%
Participation
|
| 1-Year S&P 500 PTP Monthly Sum Cap |
Point to Point
Annual
Monthly sum
|
1.35%
Cap
|
| 1-Year S&P 500 PTP Participation Rate |
Point to Point
Annual
|
25%
Participation
|
| 1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
3.5%
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% |
Riders
No Riders for IncomeShield 10 without LIBR annuity.
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
- $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 73
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