IncomeShield 9 with LIBR (CA Only)
The IncomeShield 9 with LIBR is a fantastic investment for your future! It offers a high guaranteed income, which is perfect for those golden retirement years. More so, it's specifically designed for the Californian resident and finer tuned to your lifestyle.
Love the security it brings too! With this product, your hard-earned money is safeguarded while ensuring a steady income stream. Forget investment worries and enjoy your retirement with IncomeShield 9 with LIBR.
IncomeShield 9 with LIBR (CA Only)
About Product
Please note five Lifetime Income Benefit Rider options with and without fees are available for this product. The client may choose ONE option only. A product without any rider is available separately.
Allocation Accounts
| Name | Type | Rates |
|---|---|---|
| 1-Year Fixed Account |
Fixed
|
2%
Fixed
|
| 2-Year S&P 500 PTP Participation Rate |
Point to Point
Biennial
|
30%
Participation
|
| 1-Year BlackRock Adaptive U.S. Equity 5% PTP Participation Rate |
Point to Point
Annual
|
95%
Participation
|
| 2-Year BlackRock Adaptive U.S. Equity 5% PTP Participation Rate |
Point to Point
Biennial
|
145%
Participation
|
| 1-Year SG Global Sentiment 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 UBS Tech Edge PTP Participation rate |
Point to Point
Annual
|
45%
Participation
|
| 2-Year UBS Tech Edge PTP Participation rate |
Point to Point
Biennial
|
65%
Participation
|
| 2-Year BofA Destinations PTP Participation rate |
Point to Point
Biennial
|
65%
Participation
|
| 1-Year BofA Destinations PTP Participation rate |
Point to Point
Annual
|
45%
Participation
|
| 1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
3.25%
Cap
|
| 2-Year S&P 500 PTP Cap |
Point to Point
Biennial
|
7%
Cap
|
| 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 Dividend Aristocrats DRC 5% ER PTP Participation Rate |
Point to Point
Annual
|
85%
Participation
|
| 1-Year S&P 500 PTP Participation Rate |
Point to Point
Annual
|
20%
Participation
|
| 1-Year S&P 500 PTP Monthly Sum Cap |
Point to Point
Annual
Monthly sum
|
1.3%
Cap
|
Surrender schedule
| Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 |
|---|---|---|---|---|---|---|---|---|---|
| Penalty | 7% | 7% | 7% | 6% | 5% | 4% | 3% | 2% | 1% |
Riders
| Name | Inbuilt | Fee |
|---|---|---|
| IncomeShield LIBR - CA Option 1 - 4.00% Rollup | Yes | |
| IncomeShield LIBR CA - Option 3 - 6.5% Rollup | Yes | 1.10% annually |
| IncomeShield LIBR CA Option 2 - 8.25% Rollup | Yes | 1.10% annually |
| IncomeShield LIBR - CA Option 4 - 8.25% Rollup & Wellbeing Rider | Yes | 1.20% annually |
| IncomeShield LIBR - CA Option 5 - 6.5% Rollup & Wellbeing Rider | Yes | 1.20% annually |
Waivers
Death
No Surrender Charges at Death
Premium Notes
- $5,000
- 40-69: $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
