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
Ratings:
- A.M. Best A-
- Fitch A-
- S&P A
- Comdex 58
About Product
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
- $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.
Note: TSP funds have to be rolled into an IRA.
Withdrawal Provisions
This is an opportunity each year (after the ο¬rst 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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