American Equity BalanceShield 10
Status:
Active
Group:
American Equity
Product Type:
Indexed Annuity
Product Status:
Approved
Version:
0
Inception Date:
July 17, 2024
Closed Date:
December 22, 2025
Last Modified:
December 22, 2025 06:24
Description:
The BalanceShield 10 is a Single premium deferred index annuity. The minimum single premium is $10,000 for qualified and non-qualified money. Withdrawals of up to 10% of the contract value are permitted in the beginning of 2 year without incurring a surrender charge. 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 an optional Enhanced Benefit rider(EBR) and MVA also available with the product. 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, IRA Transfer, SEP IRA, Spousal IRA, 401 (a)
Premium Types:
Single
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:
The product is available for sale in Florida.
Scrap Book:
This product has been closed,along with the Trello card E2025764.
Death benefits
| Name | Internal name | Sequence | Inception date |
|---|---|---|---|
| Basic Death Benefit | Basic Death Benefit | 1 | 17 Jul 2024 |