IncomeShield 9 without LIBR (CA Only)
The IncomeShield 9 is a fantastic product for retirees. Guaranteed income for life is what sets this product apart. You folks in sunny California are lucky, it offers an impressive blend of growth and security tailored just for you!
The terms are very clear, and the customer service was exceptional. Get ready to wave goodbye to market volatility, roll out your hammock, and enjoy a worry-free retirement with IncomeShield 9. Start relishing your golden years now!
IncomeShield 9 without LIBR (CA Only)
About Product
Allocation Accounts
| Name | Type | Rates |
|---|---|---|
| 1-Year Fixed Account |
Fixed
|
2.1%
Fixed
|
| 2-Year S&P 500 PTP Participation Rate |
Point to Point
Biennial
|
35%
Participation
|
| 2-Year BlackRock Adaptive U.S. Equity 5% PTP Participation Rate |
Point to Point
Biennial
|
150%
Participation
|
| 1-Year BlackRock Adaptive U.S. Equity 5% PTP Participation Rate |
Point to Point
Annual
|
100%
Participation
|
| 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
|
| 2-Year BofA Destinations PTP Participation rate |
Point to Point
Biennial
|
70%
Participation
|
| 1-Year BofA Destinations PTP Participation rate |
Point to Point
Annual
|
50%
Participation
|
| 1-Year S&P 500 PTP Participation Rate |
Point to Point
Annual
|
25%
Participation
|
| 2-Year S&P 500 PTP Cap |
Point to Point
Biennial
|
7.5%
Cap
|
| 2-Year S&P 500 Dividend Aristocrats DRC 5% ER PTP Participation Rate |
Point to Point
Biennial
|
130%
Participation
|
| 1-Year S&P 500 Dividend Aristocrats DRC 5% ER PTP Participation Rate |
Point to Point
Annual
|
90%
Participation
|
| 1-Year S&P 500 Dividend Aristocrats DRC 5% ER PTP Cap |
Point to Point
Annual
|
8%
Cap
|
| 1-Year S&P 500 PTP Monthly Sum Cap |
Point to Point
Annual
Monthly sum
|
1.35%
Cap
|
| 1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
3.5%
Cap
|
Surrender schedule
| Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 |
|---|---|---|---|---|---|---|---|---|---|
| Penalty | 7% | 7% | 7% | 6% | 5% | 4% | 3% | 2% | 1% |
Riders
No Riders for IncomeShield 9 without LIBR (CA Only) annuity.
Waivers
Death
No Surrender Charges at Death
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.
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
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