Rate Change Effective July 14, 2016
American Equity’s Choice 10 Annual Point to Point with Participation Rate will change on July 14, 2016. Please see the grid below for the new crediting rate.
To receive the current rate on the Choice 10 Annual Point to Point with Participation Rate, original applications along with cash or 1035/Direct Transfer paperwork must be received in our office by 4:45 P.M. (CT) on Wednesday, July 13, 2016. Transfer funds must be received in our office by 4:45 P.M. (CT) on Wednesday, August 10, 2016. Transfer funds received after August 10, 2016 will receive the new rate indicated below. NO EXCEPTIONS!
|Choice 10 (ICC14 IDX8-10)*||CURRENT RATES||NEW RATES|
|INTEREST CREDITING STRATEGIES||Fixed Value||2.25%||NO CHANGE|
|Annual PTP – Cap||5.00%||NO CHANGE|
|Annual PTP – PR||45%||40%|
|Monthly PTP – Cap||2.00%||NO CHANGE|
|Volatility Control Index w/Spread||0.75%||NO CHANGE|
*Form number and availability may vary by state.