American Equity – New Wellbeing Rider Now Available in…

AEL Field_Header_Memo
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.