Multiple Lifetime Income Benefit Rider (LIBR) options are available with the IncomeShield series. The LIBR helps secure a lifelong income source for owners 40+ at issue. The income payment amount to be received is measured by an income account value that is credited over time.
There are a variety of rider options available with different income generation and distribution features that vary by product. These options include different interest crediting methods, accumulation periods and potential fees. Wellbeing Benefit riders are also available, allowing for increases in income payments for qualified care-related conditions detailed in the contract. There is a two-year waiting period before the benefit can be activated.
Multiple Lifetime Income Benefit Rider (LIBR) options are available with the IncomeShield series. The LIBR helps secure a lifelong income source for owners 40+ at issue. The income payment amount to be received is measured by an income account value that is credited over time.
There are a variety of rider options available with different income generation and distribution features that vary by product. These options include different interest crediting methods, accumulation periods and potential fees. Wellbeing Benefit riders are also available, allowing for increases in income payments for qualified care-related conditions detailed in the contract. There is a two-year waiting period before the benefit can be activated.
Only Incomeshield 9 available in California
Annuity Contracts and riders issued under form series ICC22 BASE-IDX, ICC22 BASE-IDX-B, ICC22 IDX-11-10, ICC22 IDX-10-7, ICC20 E-PTP-C, ICC20 E-PTP-PR, ICC20 E-MPTP-C, ICC16 R-MVA, ICC20 R-EBR, ICC20 R-LIBR-FCP, ICC20 R-LIBR-FSP, ICC20 R-LIBR-W-FSP, ICC20 R-LIBR-W-FCP and state variations thereof. Availability may vary by state.
Bonus available on 1st year premiums. Each year after the 1st contract year, you become vested in a percentage of the bonus, until 100% vested at the end of the 10th contract year. Vested amounts of the bonus are the amounts not forfeited as a result of an early withdrawal or surrender. Bonus, surrender charges, and vesting schedules may vary by state. See brochure and disclosure for details.
Withdrawal charges may apply to an annuity. Interest earnings in an annuity are not taxed until withdrawn. Annuity withdrawals and distributions may be subject to income tax and, if withdrawals or distributions are taken prior to age 59½, a 10% federal penalty tax may apply.
Guarantees are based on the financial strength and claims paying ability of American Equity and are not guaranteed by any bank or insured by the FDIC.
This material is for informational purposes only, and is not a recommendation to buy, sell, hold or rollover any asset. It does not take into account the specific financial circumstances, investment objectives, risk tolerance, or need of any specific person. In providing this information American Equity Investment Life Insurance Company is not acting as your fiduciary as defined by the Department of Labor. American Equity does not offer legal, investment or tax advice or make recommendations regarding insurance or investment products. Please consult a qualified professional.