American Equity – New Wellbeing Rider Now Available in…

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American Equity is excited to announce the addition of a Wellbeing Benefit Rider to our industry-leading Lifetime Income Benefit Rider. All of the options below are available for issue ages 50+ and offer an enhanced LIB payment for up to 5 years if eligibility requirements are met.
Two New IAV Rate Options Both Offering the Wellbeing Rider*:
1. 6.5% IAV Rate
  • .85% fee deducted annually from Contract Value
  •  10 year IAV Period (20 Year Max if reset selected)
  •  Two Year Enhanced LIB Waiting Period
2. 7.0% IAV Rate
  • 1.0% fee deducted annually from Contract Value
  • 5 year IAV Period (10 Year Max if reset selected)
  • Two Year Enhanced LIB Waiting Period
Effective immediately, an updated LIBR disclosure (Form #1154-D dated 4.2.15) is required.
New IAV Rate Option Available for the Choice Series Only:
3. 7.0% IAV Rate
  • 1.0% fee deducted annually from Contract Value
  • 7 year IAV Period (14 Year Max if reset selected)
  • Two Year Enhanced LIB Waiting Period
Effective immediately, an updated LIBR disclosure (Form #1156-D dated 4.2.15) is required.
Click Here for the LIBR Sales Brochure Click Here for the Choice Series LIBR Sales Brochure

Great American Life – Rider Changes

Rider Changes Effective April 21 Due to the persistently low interest rate environment, the following changes will be effective on April 21, 2015:
  •  IncomeSecure – income rider
    • The rollup credit is changing to 9% from 10%
    • The annual charge is increasing to 0.95%
  •  Inheritance Enhancer – death benefit rider
    • The rollup credit is changing to 8% from 9%
    • The annual charge is increasing to 0.95%
  •  IncomeSustainer Plus – income and death benefit rider
    • The rollup credit is changing to 7% from 8%
    • The annual charge is increasing to 1.35%
Income percentages for the IncomeSecure and IncomeSustainer Plus will remain the same. For complete rider details, click here. New Business Notes In order to receive current rider benefits, applications must be signed by April 20, 2015 and received by April 27, 2015. All funds must be received in the Home Office by June 5, 2015.

American Equity – Internal Rollover Program Update

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American Equity is announcing changes to our internal rollover program. We appreciate your help and cooperation by working within the updated parameters as outlined below.
Effective April 17, 2015, the following guidelines will apply any time funds are being moved from an existing American Equity annuity to another American Equity annuity (new or active).
  • The amount being transferred/1035 exchanged from an existing annuity has to be at least $5,000. We will not accept smaller dollar amounts from more than one annuity to get to the $5,000 minimum.
  • If an annuity was funded by an internal transfer/1035 exchange, we will not process an internal transfer/1035 exchange out of that contract for three years. Additional premium will not be accepted if a client requests a penalty free withdrawal and then submits it as additional premium.
  • The Suitability Department reviews each of the internal rollovers in their totality, which includes the comparison of rates/caps and Lifetime Income Benefit Rider rollups/payouts on both annuities.
Please note: These guidelines are subject to change. If there is a unique situation that does not meet the above criteria, please submit a Potential Business form (Form #4079) for review prior to the application being written.

Americo – Annuity Rates and Product Change Notice

New Annuity Rates Effective April 15, 2015   The deadline to lock in current rates is Tuesday, April 14, 2015. Applications and money must be received in the Home Office by April 14, 2015, 5:00 pm Central in order to lock in current rates. For more information and to view new rates, click on the link below.   Rate Card   Ultimate One Index 9 Bonus Sales Suspended Following a recent review of the product portfolio, Americo has decided to suspend sales of Ultimate One Index 9 Bonus annuity in all states effective April 15, 2015. Applications must be dated and received by close of business Tuesday, April 14, 2015.