Choice Series Rate Adjustments Effective December 6, 2016
American Equity’s Choice Series rates will change on December 6, 2016. We are happy to announce that rates are increasing on the Annual Point to Point with Cap and Annual Point to Point with Participation Rate.
All contracts issued December 6, 2016 or after will receive the new rates as outlined below. There will be no rate adjustments made to previously issued contracts.
Choice 10 (ICC14 IDX8-8) |
CURRENT RATES |
NEW RATES |
INTEREST CREDITING METHODS |
Fixed Value |
2.00% |
NO CHANGE |
Annual PTP – cap |
4.25% |
4.35% |
Annual PTP – PR |
35% |
40% |
Monthly PTP – cap |
1.90% |
NO CHANGE |
Volatility Control Index w/Spread |
1.0% |
NO CHANGE |
|
|
|
|
Choice 8 (ICC14 IDX8-8) |
CURRENT RATES |
NEW RATES |
INTEREST CREDITING METHODS |
Fixed Value |
1.90% |
NO CHANGE |
Annual PTP – cap |
4.10% |
4.35% |
Annual PTP – PR |
35% |
40% |
Monthly PTP – cap |
1.80% |
NO CHANGE |
Volatility Control Index w/Spread |
1.25% |
NO CHANGE |
|
|
|
|
Choice 8 (ICC14 IDX8-8) |
CURRENT RATES |
NEW RATES |
INTEREST CREDITING METHODS |
Fixed Value |
1.80% |
NO CHANGE |
Annual PTP – cap |
4.00% |
4.35% |
Annual PTP – PR |
35% |
40% |
Monthly PTP – cap |
1.70% |
NO CHANGE |
Volatility Control Index w/Spread |
1.60% |
NO CHANGE |
|
|
|
|