American Equity AssetShield BONUS 5 (Option 3)
Status:
Active
Group:
American Equity
Product Type:
Indexed Annuity
Product Status:
Approved
Version:
0
Inception Date:
February 25, 2026
Closed Date:
Last Modified:
March 09, 2026 16:35
Description:
The AssetShield BONUS 5 (Option 3) 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 After the first policy year, up to 10% of original purchase amount can be withdrawn without a surrender charge. Interest earned may be withdrawn even during the first year without penalty.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 5 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. 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, 401 (a)
Premium Types:
Flexible
States Available:
AL, AK, AZ, AR, CA, 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 | 25 Feb 2026 |