American Equity AssetShield BONUS 10
Status:
Active
Group:
American Equity
Product Type:
Indexed Annuity
Product Status:
Approved
Version:
0
Inception Date:
March 15, 2023
Closed Date:
Last Modified:
January 02, 2026 05:49
Description:
The AssetShield BONUS 10 is a flexible premium, deferred index annuity designed to help grow retirement savings with protection and optional features. It requires a minimum single premium of $5,000 for both qualified and non-qualified money, and additional contributions of $1,000 can be made over time. After the first policy year, up to 10% of original purchase amount can be withdrawn without a surrender charge. Interest earned may be withdrawn even during the first year without penalty. Systematic Withdrawals and Required Minimum Distributions (RMDs) are available. Surrender charges apply for up to 10 years (may vary with state availability), but they are waived in cases of death, entry into a nursing home, or a terminal illness diagnosis. Optional features include Performance Rate Rider, and a Market Value Adjustment (MVA). 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 are based on the claims-paying ability of the 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:
Change in Bonus.
Scrap Book:
Changes in Bonus as per the rate sheet document- 12/11/2025. Changes in Bonus as per the rate sheet document - 9/25/2025. Closure of Rate Integrity Rider (RIR) as per trello E2024356.
Death benefits
| Name | Internal name | Sequence | Inception date |
|---|---|---|---|
| Basic Death Benefit | Basic Death Benefit | 1 | 15 Mar 2023 |