American Equity IncomeShield BONUS 10
Status:
Active
Group:
American Equity
Product Type:
Indexed Annuity
Product Status:
Approved
Version:
0
Inception Date:
March 19, 2018
Closed Date:
Last Modified:
January 02, 2026 05:59
Description:
The American Equity IncomeShield BONUS 10 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 Additional contributions can be made for $1,000 or more. 10% of the purchase payment may be withdrawn after the first policy year and interest earned may be withdrawn during the first policy year without incurring a surrender charge.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 10 years in duration 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. There is also a fee and no fee income rider option. There is an optional MVA Rider available. 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, AK, AZ, AR, CO, CT, DE, FL, GA, HI, ID, IL, IND, IA, KS, KY, LA, MZ, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NC, ND, OH, OK, ORG, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, WV, WI, WY, DC
States Exception:
Version Note:
New Enhanced benefit rider introduced
Scrap Book:
Updated Surrender charge schedule, LIBR option from Trello E2025678 - IncomeShield 10 on 9/3/2025
Death benefits
| Name | Internal name | Sequence | Inception date |
|---|---|---|---|
| Basic Death Benefit | Basic Death Benefit | 1 | 19 Mar 2018 |