Questions? 1.800.239.0356

X
1.800.239.0356
1.800.239.0356
Back to Top

Multi-Year Guarantee Annuity Details

Product Name

Guarantee 7

Annuity Type

Multi-Year Guarantee Annuity

Issuing Insurance Company and Ratings

A-
(4th of 15 ratings)
A-
(7th of 20 ratings)
Not Rated
A-
(7th of 21 ratings)
59
(percentile of rated companies)

Product Information

The Guarantee 7 is a deferred multi-year guarantee annuity issued by American Equity Investment Life Ins Co.

The current 7 year guarantee period annual yield is 1.90% (see Rate Details below). This is the guaranteed annual yield, including bonuses if applicable, for the initial guarantee period term, up to the first penalty free full withdrawal window. The Guarantee 7 has a full penalty free withdrawal window after 7 years.

During the time in which the annuity is subject to surrender penalties, there are policy provisions that allow partial access on a penalty free basis. Beginning with the first contract year, and each year thereafter, this annuity provides interest only (noncumulative) as the penalty free withdrawal amount.

This annuity also waives withdrawal penalties upon death. Your named beneficiary(ies) will receive a death benefit equal to the full accumulation value. A beneficiary may choose to receive their death benefit in either a lump sum or select an available annuitization option.

Details on additional penalty waivers can be found in the Penalty Free Withdrawal Provisions section below.

American Equity Investment Life Ins Co is rated “A-” by A.M. Best, was founded in 1980, and has over $57.6 billion in total assets.

Rate Details

Mar 4th, 2021
Not Scheduled
7 years

Premium Amount: $10,000 - See Notes

Current
7 Year Guarantee Period Annual Yield: 1.90%
Interest rate start of year 1 through end of year 7: 1.90%

Initial Surrender Charge and MVA Periods

7 years

7 years

7 years

State variations may exist, refer to product disclosure for details.

Other Guarantee Periods Available

Policy Details

$10,000
$10,000
See Notes
See Notes
85
85
Varies
Yes
Accumulation Value
No

Penalty Free Withdrawal Provisions

Interest Only
Interest Only
No
Yes
Annuitization, Death, Nursing Home and Terminal Illness

See product brochure, disclosure and riders for additional details, limitations and availability. State variations, age restrictions and holding periods may apply.

State Variations

Not available in:  NY (as of 05/31/2019)

Notes

Max Premium:
18-69: $1,500,000
70-74: $1,000,000
75-80: $750,000
81-85: $500,000