Fwd: Rate, LIBR changes effective June 18, 2019


American
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LIBR, rate adjustments effective June 18, 2019
DATE:
June 10, 2019
American Equity is proud to offer simple, transparent products at competitive rates. Today's rate environment requires 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.

Effective June 18, 2019, American Equity will implement changes to our rates and Lifetime Income Benefit Rider (LIBR) payout factors.

LIBR payout factors

American Equity is implementing changes to the LIBR payout factors for all fixed index annuity products, except Choice Series. Please see the LIBR profile below 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 Monday, June 17, 2019. Transfer funds must be received by close of business on Friday, Aug. 2, 2019

LIBR profile

Crediting rates

We will be making changes to our crediting rates on the AssetShield and Choice product series effective June 18, 2019. If the product and/or strategy is not listed below, 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 Monday, June 17, 2019.  Transfer funds must be received by close of business on Friday Aug. 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.

 
AssetShield 5 with MVA Rider CURRENT RATES NEW RATES
INTEREST CREDITING METHOD Fixed Value 2.60% 2.40%
Annual Pt to Pt w/ Cap 4.75% 4.25%
Aristocrats1 ER 1yr - PR 110.00% 100.00%
AssetShield 7 with MVA Rider CURRENT RATES NEW RATES
INTEREST CREDITING METHOD Fixed Value 2.75% 2.55%
Annual Pt to Pt w/ Cap 5.00% 4.50%
Annual Pt to Pt w/ PR 43.00% 42.00%
Aristocrats1 ER 1yr - PR 115.00% 105.00%
AssetShield 10 with MVA Rider CURRENT RATES NEW RATES
INTEREST CREDITING METHOD Fixed Value 2.85% 2.65%
Annual Pt to Pt w/ Cap 5.25% 4.75%
Annual Pt to Pt w/ PR 50.00% 45.00%
Aristocrats1 ER 2yr - PR 175.00% 170.00%
AssetShield 5 CA Only CURRENT RATES NEW RATES
INTEREST CREDITING METHOD Fixed Value 2.45% 2.25%
Annual Pt to Pt w/ Cap 4.50% 4.00%
Aristocrats1 ER 1yr - PR 105.00% 100.00%
AssetShield 7 CA Only CURRENT RATES NEW RATES
INTEREST CREDITING METHOD Fixed Value 2.60% 2.40%
Annual Pt to Pt w/ Cap 4.75% 4.25%
Aristocrats1 ER 1yr - PR 110.00% 100.00%
AssetShield 9 CA Only CURRENT RATES NEW RATES
INTEREST CREDITING METHOD Fixed Value 2.75% 2.50%
Annual Pt to Pt w/ Cap 5.00% 4.50%
Annual Pt to Pt w/ PR 48.00% 42.00%
Aristocrats1 ER 1yr - PR 115.00% 105.00%
Aristocrats1 ER 2yr - PR 165.00% 150.00%
Choice 6 with MVA Rider CURRENT RATES NEW RATES
INTEREST CREDITING METHOD Annual Pt to Pt w/ Cap 5.00% 4.25%
Annual Pt to Pt w/ PR 43.00% 40.00%
Aristocrats2 TR 1yr - Spread 2.00% 2.25%
Choice 6 with no MVA Rider CURRENT RATES NEW RATES
INTEREST CREDITING METHOD Annual Pt to Pt w/ Cap 4.75% 4.00%
Aristocrats2 TR 1yr - Spread 2.25% 2.50%
Choice 8 with MVA Rider CURRENT RATES NEW RATES
INTEREST CREDITING METHOD Annual Pt to Pt w/ Cap 5.25% 4.50%
Annual Pt to Pt w/ PR 48.00% 42.00%
Aristocrats2 TR 1yr - Spread 1.75% 2.00%
Choice 8 with no MVA Rider CURRENT RATES NEW RATES
INTEREST CREDITING METHOD Annual Pt to Pt w/ Cap 5.00% 4.25%
Annual Pt to Pt w/ PR 43.00% 40.00%
Aristocrats2 TR 1yr - Spread 2.00% 2.25%
Choice 10 with MVA Rider CURRENT RATES NEW RATES
INTEREST CREDITING METHOD Annual Pt to Pt w/ Cap 5.50% 4.75%
Annual Pt to Pt w/ PR 50.00% 45.00%
Aristocrats2 TR 1yr - Spread 1.50% 2.00%
Choice 10 with no MVA Rider CURRENT RATES NEW RATES
INTEREST CREDITING METHOD Annual Pt to Pt w/ Cap 5.00% 4.50%
Annual Pt to Pt w/ PR 45.00% 42.00%
Aristocrats2 TR 1yr - Spread 1.75% 2.00%
Thank you for your business and support. Please call Marketing at 888-647-1371 if you have any questions. 
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.
2S&P 500® Dividend Aristocrats® Daily Risk Control 5% Total Return Index.

Rates not guaranteed and subject to change. Annuity contracts and rider issued under form series ICC11 BC-IDX, ICC17 BASE-IDX,, ICC14 IDX8-6, ICC14 IDX8-8, ICC14 IDX8-10, ICC17 IDX-10-5, ICC17 IDX-10-7, ICC17 IDX-10-10, 17 IDX-10-5,.17 IDX-10-7. 17 IDX-10-9, ICC11 E-APTC, ICC11 E-APTPR, ICC14 E-VOL, ICC18 E-PTPC, ICC18 E-PTPR, ICC17 R-MVA, ICC16 R-MVA and state variations thereof. Availability may vary by state.
01FM 06.10.19
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