American Equity – Choice Series Product and Application Changes

Choice Series Product and Application Changes

American Equity is pleased to announce the following changes for the Choice Series effective January 14.

  1. The maximum issue age is increasing from 80 to 85 on the Choice 6 and Choice 8 products. The maximum issue age remains 80 for the Choice 10.
  2. Commission Options B and C (trail commissions) have been added to the Choice Series. Additionally, Commission Option U (upfront commission) is the only option available for additional premium on the Choice Series. Please refer to your Commission Schedule for additional details.


PLEASE NOTE:
The Optional Lifetime Income Benefit Rider offered with the Choice Series will not be available for issue ages 81-85.

Effective immediately, updated disclosures (dated 01.01.16) are required. Previous versions will no longer be accepted after February 14, 2016.

American Equity’s Annuity Application has also been updated to reflect the additional commission options on the Choice Series as well as other modifications that add to the ease of doing business with American Equity.

Application Form Number For Use In:
ICC15 A-2001.1 dated 11.19.15 AK, AL, AR, AZ, CO, GA, HI, IA, ID, IL, IN, KS, KY, LA, MA, MD, ME, MI, MN, MO, MS, MT, NC, NE, NH, NJ, NM, NV, OH, OK, OR, PA, RI, SC, TN, TX, UT, VA, VT, WA, WI, WV, WY
15 A-2001.1 dated 11.19.15 CA, DC, DE, FL, ND, SD
CT15 A-2001.1 dated 11.19.15 CT only

Please begin using updated applications immediately. Previous versions will no longer be accepted after February 14, 2016.

Posted in Annuity, Bulletins, Product Change.