Field update
American Equity Investment Life Insurance Company
Agent
Resources
LIBR, rate adjustments 
DATE:
September 26, 2019
American Equity is proud to offer simple, transparent products at competitive rates. With today's low-interest rate environment, it is required that rates be adjusted. American Equity must set new money rates appropriately based upon market conditions. These rates must be sustainable and support our renewal rate integrity.

MYGA Crediting rates

We will be making changes to our MYGA crediting rates effective Thursday, October 10, 2019
 
For your client to qualify for the current rates, applications along with cash or 1035/Direct Transfer paperwork must be received in our office by 4:45 p.m. CT Wednesday, October 9, 2019.  Transfer funds must be received by 4:45 p.m. CT Monday, November 25, 2019.

Fixed Index Annuities Crediting rates

We will be making changes to our crediting rates on the AssetShield, IncomeShield, Bonus Gold, Retirement Gold and Choice product series effective Wednesday, October 16, 2019. If the product and/or strategy is not listed, there are no changes.

For your client to qualify for the current rates, applications along with cash or 1035/Direct Transfer paperwork must be received in our office by 4:45 p.m. CT Tuesday, October 15, 2019.  Transfer funds must be received by 4:45 p.m. CT Monday, December 2, 2019.

This rate hold allows your clients to participate in the higher rates for one year. They should expect a lower rate at their next anniversary if the strategy they selected is subject to this rate decrease. Their contract will renew at the same rate as other contracts with the same anniversary date.

See MYGA and Fixed Index Annuity crediting rates here.

LIBR payout factors

American Equity is implementing payout factor changes to the IncomeShield, Bonus Gold, Retirement Gold, and Choice product series. Please see the LIBR profile for full details.

To receive the current payout factors, original applications, along with cash or 1035/Direct Transfer paperwork, must be received in our office by 4:45 p.m. CT Tuesday, October 15, 2019. There is no deadline on transfer funds to be received. 

LIBR profile

Rate Integrity Rider

We will be making changes to our Rate Integrity Rider on the AssetShield product series. Please see the grid below for more details.

For your client to qualify for the current Rate Integrity Rider rates, contracts must be issued before October 16, 2019. Contracts issued after October 16, 2019, will receive the new rates.
Rate Integrity Rider
Interest Crediting Method AssetShield 5 California AssetShield 5 AssetShield 7 California AssetShield 7 California AssetShield 9 AssetShield 10
Monthly Pt to Pt w/ Cap 0.50% 0.50% 0.50% 0.50% 0.50% 0.50%
Annual Pt to Pt w/ Cap 1.00% 1.00% 1.00% 1.00% 1.00% 1.00%
Annual Pt to Pt w/ PR 10.00% 10.00% 10.00% 10.00% 10.00% 10.00%
Aristocrats1 ER 1 yr w/ PR 20.00% 20.00% 30.00% 30.00% 40.00% 40.00%
Aristocrats1 ER 2 yr w/ PR N/A N/A N/A N/A 50.00% 50.00%
Thank you for your continued business with American Equity. If you have any rate or LIBR questions, or would like to learn more about other American Equity product offerings, please call Marketing at 888-647-1371.
American Equity Investment Life Insurance Company
www.american-equity.com    Call us at 888-647-1371  
 
1S&P 500® Dividend Aristocrats® Daily Risk Control 5% Excess Return Index.

Rates not guaranteed and subject to change. Annuity contracts and rider issued under form series ICC17 BASE-IDX, ICC17 IDX-10-5, ICC17 IDX-10-7, ICC17 IDX-10-10, CA17 BASE-IDX,17 IDX-10-5,17 IDX-10-7. 17 IDX-10-9, ICC18 R-WSC and state variations thereof. Availability may vary by state.
01FM 09.26.19
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