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Multi-Year Guarantee Annuity Details

GuaranteeShield 3

Product Name

GuaranteeShield 3

Annuity Type

Multi-Year Guarantee Annuity

Issuing Insurance Company and Ratings

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

Product Information

The GuaranteeShield 3 is a deferred multi-year guarantee annuity issued by American Equity Investment Life Ins Co.

The current 3 year guarantee period annual yield is 2.40% (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 GuaranteeShield 3 has a full penalty free withdrawal window after 3 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. In the first contract year, this annuity provides interest only withdrawals. Beginning in the second contract year, up to 10% (noncumulative) of the contract value may be withdrawn from the annuity each contract year without penalty.

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

Oct 1st, 2020
Not Scheduled
3 years

Premium Amount: $10,000 - See Notes

3 Year Guarantee Period Annual Yield: 2.40%
Interest rate start of year 1 through end of year 3: 2.40%

Initial Surrender Charge and MVA Periods

3 years

3 years

3 years

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

Other Guarantee Periods Available

Policy Details

See Notes
See Notes
Accumulation Value

Penalty Free Withdrawal Provisions

Interest Only
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:  CA, DE and NY (as of 10/01/2020)


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