Ratings:

A.M. Best A-
Fitch A-
S&P A
Comdex 58

James Alden

Experienced Financial Advisor

25 years

experience

3,712

career consultations

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GuaranteeShield Series

The American Equity Investment Life Insurance Company, founded in 1995, has been a leader in the annuity and retirement market for nearly three decades now. With a focus on empowering its clients to fulfill their retirement needs, the company is known to offer high-quality fixed indexed annuities, which balance protection and growth while guaranteeing a regular income stream. American Equity holds trustworthiness in high regard, striving to supply financial solutions well suited to their customers’ unique circumstances. Serving the domestic US market, their product distribution goes through independent advisors, banks, and broker-dealers.

GuaranteeShield Series

Your Email

Ratings:

A.M. Best A-
Fitch A-
S&P A
Comdex 58

About Product

Premium Type

Single Premium

Fee withdrawal:

10%

Market Value Adjustment

Yes

Return Of Premium

Minimum Contribution

$10,000

Maximum Contribution

$1,500,000

Min Age Qualified

Max Age Qualified

Types Of Funds

Non-Qualified, IRA, IRA Rollover, IRA Transfer, SEP IRA, IRA-Roth, 1035 Exchange, Inherited IRA, NQ Stretch, and TSP

Launch Date

10/01/2020

MYGA Interest Rates

Term	Rate Annual percentage yield (APY) earned over the investment term
3 years	3.5%
5 years	3.6%

The Guarantee Shield Series is a single premium deferred annuity with a market value adjustment. The minimum single premium is $10,000 for qualified and non-qualified money. Interest earned may be withdrawn after the first policy year without incurring a surrender charge or market value adjustment. Systematic Withdrawal is an option. Surrender charges vary by rate term and are waived in the event of death. Withdrawals and taxable distributions may be subject to ordinary income tax and if made prior to age 59 1/2, may also be subject to a 10% federal income tax penalty. Early surrender charges may also apply. Guarantees based on the claims-paying ability of the insurer. Products/features may not be available in all states. This is an annuity contract issued by an insurance company and not a bank product protected by the FDIC.

Premium
Minimum Premium:

$10,000

Maximum Premium:

18-69: $1,500,000
70-74: $1,000,000
75-79: $750,000
80-85: $500,000

Free Withdrawal
This is an opportunity each year (after the first contract year) to take Free Withdrawals up to 10% of the Contact Value. (RMD Friendly)

Partial Withdrawal
Available at any time, for partial distribution over the Free Withdrawal amount. Surrender Charges and minimum values will apply.

Market Value Adjustment (MVA)
This product includes a Market Value Adjustment (MVA) Rider. An MVA may increase or decrease the amount of a withdrawal in excess of the Free Withdrawal amount or the Surrender Value. The MVA does not apply to Free Withdrawals, any death benefit, the MGSV, or any distributions occurring after the Surrender Charge Period has ended. In general, as the MVA Index increases, Surrender Values decrease. As the MVA Index decreases, Surrender Values increase.

Minimum Guaranteed Surrender Value (MGSV)
At no time will the Surrender Value of the contract be less than 90% of the premium received, less any withdrawals, accumulated at the minimum guaranteed surrender value - minimum guaranteed interest rate.

Death Benefit
The greater of the Contract Value or the Minimum Guaranteed Surrender Value. Death Benefit proceeds are paid to the surviving joint owner. If there is no surviving joint owner, the death benefit is paid to the named beneficiary(ies) with no surrender charges. Generally paid in a lump-sum, other payment options are also available.

Principal Protection no return of premium feature. No surrender charges if owner passes away.

Note: TSP funds have to be rolled into an IRA.

Riders

No Riders for GuaranteeShield Series annuity.

Waivers

Death

No Surrender Charges at death

Surrender Window

Within 30 calendar days after the end of the guarantee period you can surrender the contract without surrender charges or market value adjustment.

Enhanced Benefit

Unavailable in states: CA

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 all ages for GuaranteeShield Series.

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