IncomeShield 10 without LIBR

American Equity Investment Life Insurance Company
IncomeShield 10 without LIBR-brochure IncomeShield 10 without LIBR-brochure

IncomeShield 10 without LIBR

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Ratings:

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

About Product

Type
Fixed Index
Purpose
Accumulation
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. 
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
1.1% 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
50% Participation
2-Year BlackRock Adaptive U.S. Equity 5% PTP Participation Rate
Point to Point
Biennial
70% Participation
2-Year S&P 500 PTP Participation Rate
Point to Point
Biennial
15% Participation
2-Year S&P 500 PTP Cap
Point to Point
Biennial
3.75% 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
40% Participation
1-Year S&P 500 Dividend Aristocrats DRC 5% ER PTP Cap
Point to Point
Annual
2.5% Cap
2-Year S&P 500 Dividend Aristocrats DRC 5% ER PTP Participation Rate
Point to Point
Biennial
55% Participation
1-Year S&P 500 PTP Monthly Sum Cap
Point to Point
Annual
Monthly sum
1% Cap
1-Year S&P 500 PTP Participation Rate
Point to Point
Annual
10% Participation
1-Year S&P 500 PTP Cap
Point to Point
Annual
1.75% 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

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 Withdrawals
This 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.

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