Field update
American Equity Investment Life Insurance Company
LIBR, rate adjustments effective August 6, 2019
July 23, 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.

Effective August 6, 2019, American Equity will implement changes to our crediting rates, Lifetime Income Benefit Rider (LIBR) payout factors, and Rate Integrity Rider. We will also be discontinuing our Foundation Gold product series.

Crediting rates

We will be making changes to our crediting rates on the AssetShield, IncomeShield and Choice product series effective August 6, 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, August 5, 2019.  Transfer funds must be received by 4:45 p.m. CT Monday, September 9, 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 crediting rates here.

LIBR payout factors

American Equity is implementing changes to the LIBR payout factors for the IncomeShield, Bonus Gold and Retirement Gold fixed index annuity products. 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, August 5, 2019. There is no deadline on transfer funds to be received. 

Please note: The LIBR payout factor announcement from June 10, 2019 will no longer take effect due to this change. You will continue to get the higher rate until August 6.

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 by August 6, 2019. Contracts issued after August 6, 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 0.80% 0.80% 0.90% 0.90% 1.00% 1.00%
Annual Pt to Pt w/ Cap 1.50% 1.50% 1.75% 1.75% 2.00% 2.00%
Annual Pt to Pt w/ PR 16.00% 16.00% 17.00% 17.00% 20.00% 20.00%
Aristocrats1 ER 1 yr w/ PR 30.00% 30.00% 35.00% 35.00% 40.00% 40.00%
Aristocrats1 ER 2 yr w/ PR N/A N/A N/A N/A 60.00% 60.00%
Foundation Gold discontinuation

IncomeShield has become our top-selling income product, and we will be discontinuing our Foundation Gold product effective August 6, 2019.

Applications for this product will be accepted in our office until 4:45 p.m. CT on August 5, 2019.
There is no deadline on transfer funds to be received. Pending business will be issued as funds are received.

American Equity is committed to providing you with competitive products. The IncomeShield 10 is a product alternative and offers an average guaranteed income payout greater than the Foundation Gold. Click here for product information on the IncomeShield 10.
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    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 ICC11 BC-IDX-BV,  CA17 BASE-IDX, ICC11 IDX3, ICC17 BASE-IDX, ICC17 IDX-10-5, ICC17 IDX-10-7, ICC17 IDX-10-10, 17 IDX-10-5,17 IDX-10-7. 17 IDX-10-9, ICC19 E-PTPC, ICC19 E-PTPR, ICC19-E-MPTP, ICC18 R-WSC,
 ICC16 R-MVA and state variations thereof. Availability may vary by state.
01FM 07.23.19
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