4.7
based on complex data
Annuity Educator Rating
Annuity review
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)
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About Product
Type
Fixed Index
Purpose
Lifetime Income
Premium Bonus
10%
Term
9 Years
Surrender schedule
7.35%
7.35%
7.25%
6.2%
5.1%
3.95%
2.75%
1.55%
0.8%
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 9 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.
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.
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.
Available in states:
CA
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
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.
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 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.
Company Founded: 1995
Excellent Rated
Company
Company Ratings
4.5
- A.M. Best A-
- Fitch A-
- S&P A
- Comdex 58
Assets: $59,829,070,316
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