AssetShield Features

You work hard. Let your money do the same.

You worked for what you’ve earned. As retirement nears, letting your money work harder for you, while shielding assets from risk, may open new accumulation strategies to help you explore new retirement opportunities.

With the AssetShield fixed index annuity you choose how your money works for you, based on your goals and risk tolerance.

Built on integrity. Designed to help find more ways to grow assets.

American Equity’s flagship accumulation fixed index annuity offers more paths to growth and more asset growth control, along with the same powerful benefits that have established fixed index annuities as a go-to portfolio builder for many retirees.

Product Features Include:
Allocation Options

Principal can be diversified across fixed and index-linked crediting strategies.

  • Fixed Interest Strategy : A fixed interest rate, set at issue, that is guaranteed for the contract year and can change annually.
  • Fixed Index Strategy : Interest growth opportunities linked to index performance without being directly invested in stocks or bonds to help keep your money secure.

Indexed Crediting Strategies

The AssetShield offers multiple crediting strategy options to choose from based on individual goals and conditions.

  • Monthly Point to Point : Interest credits calculated based on monthly changes in the index from point to point in a contract year, and credited annually based on changes in price.
  • Annual Point to Point : Each contract anniversary, the index price is compared to the year's previous and credited based on changes in price.
  • 2-Year Point to Point : On the contract anniversary at the end of end a two-year term, the index price is compared to the price at the beginning of the term.

Index Options

  1. S&P 500® : Consists of 500 leading U.S. stocks and is a common benchmark of the stock market (Ticker: SPX). The S&P® 500 Index is widely regarded as the best single gauge of large-cap U.S. equities. 
  2. S&P 500® Dividend Aristocrats® Daily Risk Control 5% Excess Return Index : Volatility control index that consists of the S&P 500 members that have consistently increased dividends every year for at least 25-consecutive years (Ticker: SPXD5UE).  This index crediting strategy is designed to provide added stability by limiting risk exposure and measuring the market performance on a daily basis using the most consistent, dividend-producing companies on the S&P 500 Index.  Additionally, the Excess Return is the total return of the risk control index minus a risk-free rate ^A security that is perceived to be risk free may be considered to carry some degree of risk however, the statistical probability of default is so minute that it is generally/commonly believed to be risk-free. The yield on U.S Treasury securities is considered an example of a risk-free return.such as a 3 month Treasury Bill.
  3. BofA Destinations Index™ : Designed in collaboration with Bank of America, this exclusive-to-American Equity volatility control index aims to deliver stability and growth in changing market conditions.  
  4. SG Global Sentiment Index: A global excess return index that uses 6 cross asset capital market indicators to assess market sentiment and determine whether the market is in a growth, intermediate or shrinking phase.  Once the market phase is determined, the index allocates assets across a predetermined global and diverse asset base including ETFs and domestic, European and Asian indices. 
  5. Credit Suisse Tech Edge Index: The excess return index combines 4 U.S. tech- and biotech-focused ETFs and two fixed income components. It utilizes a cutting-edge target volatility control mechanism, powered by Salt Financial, to identify changing market conditions by using a combination of intraday and end-of-day data. 

More Control: Performance Rate Rider

The Performance Rate Rider is automatically included for all ages and helps offer more control to magnify growth potential:

  • Increase cap, participation rate, or replacement rate on available strategies for more accumulation options that can align with a wide variety of goals
  • Locked-in rider fee for control on potential without risk of surprise
  • How interest is credited, based on index performance, is determined by the chosen calculation method.
  • Replacement Rate : The three highest monthly index changes are replaced with the replacement rate declared at the beginning of each contract year. (Only available on Monthly Point to Point.) 
  • Cap Rate : The maximum rate to be used in determining any interest credits.
  • Participation Rate : Percentage that determines how much of any gain in the index will be credited to the contract.

Locked-In Growth

Our product design allows the opportunity to lock in any interest credited to the contract without risk of losing money when an index decreases, on annual or bi-annual basis.

Access and Liquidity Features

The AssetShield has a number of built in liquidity features and access options for ongoing income security.

  • Rate Integrity Rider: This rider allows for a waiver of surrender charges upon termination of the annuity contract. During the waiver election period, American Equity will waive surrender charges if we declare a cap or participation rate for any crediting strategy included in the Rate Integrity Rider that is less than or equal to the surrender charge waiver rate. The surrender charge waiver rate for each crediting strategy is determined at the date of purchase.
  • Free Withdrawals: After the first contract year, the opportunity to take annual withdrawals up to 10% of the Contract Value without expense.
  • Withdrawal and Surrender Charges: For partial withdrawal or surrender taken during the surrender charge period, a percentage deduction will be taken according to the established withdrawal and surrender charge schedule.
  • Contract Maturity: Distribution from the annuity is set to begin at a maturity date established by the owner or specified in the contract.
  • Enhanced Benefit Rider – This no-fee rider is automatically included for owners under age 75 at issue and includes both a Qualified Nursing Care and Terminal Illness Benefit. 
    • Qualified Nursing Care Benefit – After the first contract year, one additional free withdrawal of up to 100% of the contract value is allowed if the owner is confined in a qualified care facility for a minimum of 90 days. Confinement must begin after the contract issue date and written proof is required from both the qualified care facility and recommending physician. 
  • Terminal Illness Benefit – After the first contract year, one additional free withdrawal of up to 100% of the contract value is allowed if the owner is diagnosed with a terminal illness. Diagnosis must occur after the contract is issued and written proof with supporting documentation is required from a qualified physician.



Annuity contract and riders issued under form series ICC17 BASE-IDX, ICC17 IDX-10-10, ICC17 IDX-10-7, ICC17 IDX-10-5, ICC20 E-PTP-C, ICC20 E-MPTP-C, ICC20 E-PTP-PR, ICC18 E-MPTP-A, ICC20 R-EBR, ICC20 R-ERR, 21 R-ERR, ICC16 R-MVA, ICC18 R-WSC and state variations thereof.  Availability may vary by state.
The content is provided for informational purposes only and does not constitute advice. For specific details on how this may apply to your personal situation, contact your personal financial advisor or insurance agent for more details. American Equity contracts are only sold through independent agents. Please contact our home office Agency Services department at (888) 221-1234 option 3, or your state insurance department to see if there is an independent insurance agent in your area appointed to sell American Equity annuity contracts.
American Equity Investment Life Insurance Company® does not offer legal, investment, or tax advice. Please consult a qualified professional.
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.
Surrender charges may apply to excess withdrawals that exceed 10% annual free withdrawal available under the contract. You may be subject to a 10% federal penalty if you make withdrawals before age 59 ½.
Market Value Adjustment (MVA) applies to partial withdrawals that exceed the free withdrawal amount allowed and surrenders occurring during the surrender charge period.
Possible interest credits for money allocated to an index-linked crediting strategy are based upon performance of the specific index; however, fixed index annuities are not an investment, but an insurance product, and do not directly invest in the stock market or the index itself.
The "S&P 500®" is a product of S&P Dow Jones Indices LLC (“SPDJI”), and has been licensed for use by American Equity Investment Life Insurance Company (“AEL”). Standard & Poor’s® and S&P® are registered trademarks of Standard & Poor’s Financial Services LLC (“S&P”); Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”). These trademarks have been licensed to SPDJI and sublicensed for certain purposes by AEL. AEL's products are not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, S&P, or their respective affiliates, and such parties make no representations regarding the advisability of investing in such product(s) and have no liability for any errors, omissions, or interruptions of the S&P.
The BofA Destinations Index™ (the “Index”) has been created and is owned by BofA Securities, Inc. and its Affiliates (collectively, “BofAS”) and the Index has been licensed to American Equity Investment Life Insurance Company (“American Equity”). Neither American Equity nor any fixed index annuity (“Product”) is sponsored, operated, endorsed, sold or promoted by BofAS. Obligations to make payments under any Products are solely the obligation of American Equity pursuant to the term of the contract between American Equity and a purchaser, and are not the responsibility of BofAS.  BofAS indices and related information, the name “BofAS”, and related trademarks, are intellectual property licensed from BofAS, and may not be copied, used, or distributed without BofAS’ prior written approval. The Products have not been passed on as to their legality or suitability, and are not regulated, issued, endorsed, sold, guaranteed, or promoted by BofAS. BOFAS MAKES NO WARRANTIES AND BEARS NO LIABILITY WITH RESPECT TO THE INDICES, ANY RELATED INFORMATION, ITS TRADEMARKS, OR THE PRODUCT(S) (INCLUDING WITHOUT LIMITATION, THEIR QUALITY, ACCURACY, SUITABILITY AND/OR COMPLETENESS).

The SG Global Sentiment Index (the “Index”) is the exclusive property of SG Americas Securities, LLC (SG Americas Securities, LLC, together with its affiliates, “Société Générale”).  Société Générale has contracted with S&P Opco, LLC (a subsidiary of S&P Dow Jones Indices LLC (“S&P”) to maintain and calculate the Index.  “SG Americas Securities, LLC”, “SGAS”, “Société Générale”, “SG”, “Société Générale Indices”, “SGI”, and “SG Global Sentiment Index” (collectively, the “Société Générale Marks”) are trademarks or service marks of Société Générale.  Société Générale has licensed use of the Index and the Société Générale Marks to American Equity Investment Life Insurance Company (“American Equity”) for use in a fixed indexed annuity offered by American Equity (the “Fixed Indexed Annuity”). Société Générale’s sole contractual relationship with American Equity is to license the Index and the Société Générale Marks to American Equity. 
None of Société Générale, S&P, or other third party licensor (collectively, the “Index Parties”) to Société Générale is acting, or has been authorized to act, as an agent of American Equity or has in any way sponsored, promoted, solicited, negotiated, endorsed, offered, sold, issued, supported, structured or priced any Fixed Indexed Annuity or provided investment advice to American Equity, and no Index Party makes any representation whatsoever as to the advisability of purchasing, selling or holding any product linked to the Index, including the Fixed Indexed Annuity.  No Index Party shall have any liability with respect to the Fixed Indexed Annuity in which an interest crediting option is based on the Index, and is not liable for any loss relating to the Fixed Indexed Annuity, whether arising directly or indirectly from the use of the Index, its methodology, any Société Générale Mark, or otherwise.  Obligations to make payments under the Fixed Indexed Annuities are solely the obligation of American Equity.  The selection of the Index as a crediting option under a Fixed Indexed Annuity does not obligate American Equity or Société Générale to invest annuity payments in the components of the Index.
In calculating the performance of the Index, Société Générale deducts a maintenance fee of 0.50% per annum on the level of the Index, and fixed transaction and replication costs, each calculated and deducted on a daily basis. The transaction and replication costs cover, among other things, rebalancing and replication costs.  The total amount of transaction and replication costs is not predictable and will depend on a number of factors, including the leverage of the Index, which may be as high as 200%, the performance of the indexes underlying the Index, market conditions and the changes in the market states, among other factors. The transaction and replication costs, which are increased by the Index’s leverage, and the maintenance fee will reduce the potential positive change in the Index and increase the potential negative change in the Index. While the volatility control applied by the Index may result in less fluctuation in rates of return as compared to indices without volatility controls, it may also reduce the overall rate of return as compared to products not subject to volatility controls.

The CS Tech Edge Index (“the Index”) and “Credit Suisse”, and any trademarks, service marks and logos related thereto are service marks of Credit Suisse Group AG, Credit Suisse International, or one of their affiliates (collectively, “Credit Suisse”). Credit Suisse has no relationship to American Equity Investment Life Insurance Company (“American Equity”), other than the licensing of the Index and its service marks for use in connection with a fixed indexed annuity offered by American Equity (“the Product”) and is not a party to any transaction contemplated hereby.  Credit Suisse shall not be liable for the results obtained by using, investing in, or trading the Product.  Credit Suisse has not published or approved this document and accepts no responsibility for its contents or use.  Obligations to make payments under the Product are solely the obligation of American Equity and are not the responsibility of Credit Suisse.