Advantage Gold
Status:
Active
Group:
American Equity
Product Type:
Indexed Annuity
Product Status:
Approved
Version:
0
Inception Date:
August 13, 2007
Closed Date:
June 01, 2019
Last Modified:
November 19, 2025 07:28
Description:
The Advantage Gold is a flexible premium deferred index annuity. The minimum single premium is $5,000 for qualified and non-qualified money. Additional contributions can be made for $1,000 or more. 10% of the purchase payment may be withdrawn after the first policy year and interest earned may be withdrawn during the first policy year without incurring a surrender charge. Systematic Withdrawal and RMDs are an option. Surrender charges are ten years in duration (16,15,14,13,11.5,10,8.5,7,5.5,4) and are waived in the event of death, entrance into a nursing home, or diagnosis of a terminal illness. There is an optional Lifetime Income Benefit Rider available which, if elected at an extra cost, provides lifetime income. Withdrawals and taxable distributions may be subject to ordinary income tax and if made prior to age 59 1/2, may also be subject to a 10% federal income tax penalty. Early surrender charges may also apply. Guarantees based on claims paying ability of insurer. Products / features may not be available in all states. This is an annuity contract issued by an insurance company and not a bank product protected by the FDIC
Fee Based:
No
Free Look:
Yes
Plan Types:
Non-Qualified, IRA, IRA Rollover
Premium Types:
Flexible
States Available:
AL, AR, AZ, CO, DC, GA, HI, IA, ID, IL, IND, KS, KY, LA, MA, MD, MI, MO, MS, MT, MZ, NC, ND, NE, NH, NM, RI, SD, TN, VA, VT, WI, WV, WY
States Exception:
Version Note:
Scrap Book:
Death benefits
| Name | Internal name | Sequence | Inception date |
|---|---|---|---|
| Basic Death Benefit | Basic Death Benefit | 1 |
Riders
| Name | Rider type | Internal name | Sequence | Inception date |
|---|---|---|---|---|
| Lifetime Income Benefit Rider | GLWB | Lifetime Income Benefit Rider (Roll-up 6%) | 09 Jun 2014 | |
| Lifetime Income Benefit Rider with Indexing Income | GLWB | Lifetime Income Benefit Rider with Indexing Income (EEB 400%) | 09 Jun 2014 | |
| Lifetime Income Benefit Rider with Wellbeing benefit | GLWB | Lifetime Income Benefit Rider with Wellbeing benefit (Roll-up 6%) | 09 Jun 2014 |