American Equity EstateShield 10
Status:
Active
Group:
American Equity
Product Type:
Indexed Annuity
Product Status:
Approved
Version:
0
Inception Date:
July 21, 2021
Closed Date:
Last Modified:
January 02, 2026 05:51
Description:
The EstateShield 10 is a modified single 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 Additional contributions can be made for $1,000 or more. 10% of the purchase payment may be withdrawn after the first policy year and interest earned may be withdrawn during the first policy year without incurring a surrender charge.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 (may vary with state availability); and are waived in the event of death, entrance into a nursing home, or diagnosis of a terminal illness. There is guaranteed lifetime withdrawal benefit rider LIBR attached to the contract at no additional cost with wellbeing Benefit Rider, Premium Bonus and Enhanced Death Benefit. 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:
Limited 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:
Scrap Book:
Death benefits
| Name | Internal name | Sequence | Inception date |
|---|---|---|---|
| Basic Death Benefit | Basic Death Benefit | 1 | 21 Jul 2021 |
| Enhanced Death Benefit | Enhanced Death Benefit | 2 | 21 Jul 2021 |