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Best Guaranteed Annuity Rates
2-Year
5.70%
3-Year
6.25%
5-Year
6.50%
7-Year
5.85%
10-Year
5.80%
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IncomeShield 7

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Highlights

IncomeShield 7 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
Type
 Fixed Index
Purpose Lifetime Income
Term
 7 Years
Surrender schedule
 9.2%9%8%7%6%4%2%
Free withdrawal
 1st year: 0%
2nd+ year: 10%
Flexible premium Product Life
Market value adjustment
Return of premium
Launch date
 03/19/2018
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
Brochure
 Open brochure

Find out if the IncomeShield 7 is the right product for you.

Premium Notes

Minimum Premium:
  • $5,000
Maximum Premium:
  • 40-69: $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.

Allocation Accounts

Name Type Rates
1-Year Fixed Account
Fixed
1.7% Fixed
1-Year S&P 500 PTP Cap
Point to Point
Annual
2.75% Cap
1-Year S&P 500 PTP Participation Rate
Point to Point
Annual
10% Participation
1-Year S&P 500 Dividend Aristocrats DRC 5% ER PTP Cap
Point to Point
Annual
4.5% Cap
1-Year S&P 500 Dividend Aristocrats DRC 5% ER PTP Participation Rate
Point to Point
Annual
65% Participation
1-Year SG Global Sentiment PTP Participation rate
Point to Point
Annual
75% Participation
1-Year BofA Destinations PTP Participation rate
Point to Point
Annual
75% Participation
1-Year UBS Tech Edge PTP Participation rate
Point to Point
Annual
80% Participation
1-Year BlackRock Adaptive U.S. Equity 5% PTP Participation Rate
Point to Point
Annual
80% Participation

Surrender schedule

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

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.

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