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American Equity Announces Product Enhancements to many …...The Index Credit is based on the...
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Memo – New Strategies and Rate Series Change Feb. 3 Page two New Strategies and Rate Series Change 02/03/14 DATE: Feb. 3, 2014 TO: All Agents in AZ, CO, CT, DC, FL, GA, HI, IA, ID, IL, IN, KS, KY, LA, MA, MD, ME, MI, MS, NC, ND, NE, NH, NM, OK, RI, SC, SD, TN, VA, VT, WI, WV, WY FROM: Jessica Kilker, Assistant Vice President – Marketing Services RE: New Index Strategies and Guarantee Series Changes American Equity Announces Product Enhancements to many of Our Fixed Index Products and Multi-Year Guarantee Series New Crediting Strategies: Effective Feb. 3 American Equity is implementing TWO new Interest Index Crediting Strategies to most of our fixed indexed annuity products. Two Crediting Strategies • Performance Triggered (PT) – This is a new Interest Index Crediting Strategy based on the S&P 500 in which a PT rate is declared annually. Each Contract Anniversary the Index Price is compared to the previous anniversary’s Index Price. The declared PT Rate is credited to the contract if the Index Price on the current Contract Anniversary is equal or greater than the previous Contract Anniversary Index Price. • Bond Yield with Cap (BYC) – This is a new Interest Index Crediting Strategy based on the 10-Yr. US Treasury Bond that works inversely to the current bond index strategy (less the coupon component). The intent of the strategy is to provide an alternative for clients that believe general interest rates will rise over time. Each Contract Anniversary the Bond Price is compared to the Bond Price on the previous anniversary. The Index Credit is based on the decrease in the Bond Price. Caps and/or Asset Fees are applied to the BYC Interest Credit Calculation. Products Affected: • Bonus Gold • Retirement Gold • Foundation Gold • Traditions Gold • Advantage Gold • Integrity Gold New disclosures (dated 2.3.14) are required to select these crediting strategies. Previous versions will no longer be accepted after Feb. 28.
Transcript of American Equity Announces Product Enhancements to many …...The Index Credit is based on the...
Memo – New Strategies and Rate Series Change Feb. 3 Page two
New Strategies and Rate Series Change 02/03/14
DATE: Feb. 3, 2014
TO: All Agents in AZ, CO, CT, DC, FL, GA, HI, IA, ID, IL, IN, KS, KY, LA, MA,
MD, ME, MI, MS, NC, ND, NE, NH, NM, OK, RI, SC, SD, TN, VA, VT, WI, WV,
WY
FROM: Jessica Kilker, Assistant Vice President – Marketing Services
RE: New Index Strategies and Guarantee Series Changes
American Equity Announces Product Enhancements to many of Our Fixed Index Products and Multi-Year Guarantee Series
New Crediting Strategies: Effective Feb. 3 American Equity is implementing TWO new Interest Index Crediting Strategies to most of our fixed indexed annuity products.
Two Crediting Strategies • Performance Triggered (PT) – This is a new Interest Index Crediting Strategy based on the
S&P 500 in which a PT rate is declared annually. Each Contract Anniversary the Index Price is compared to the previous anniversary’s Index Price. The declared PT Rate is credited to the contract if the Index Price on the current Contract Anniversary is equal or greater than the previous Contract Anniversary Index Price.
• Bond Yield with Cap (BYC) – This is a new Interest Index Crediting Strategy based on the 10-Yr. US Treasury Bond that works inversely to the current bond index strategy (less the coupon component). The intent of the strategy is to provide an alternative for clients that believe general interest rates will rise over time. Each Contract Anniversary the Bond Price is compared to the Bond Price on the previous anniversary. The Index Credit is based on the decrease in the Bond Price. Caps and/or Asset Fees are applied to the BYC Interest Credit Calculation.
Products Affected: • Bonus Gold • Retirement Gold • Foundation Gold • Traditions Gold • Advantage Gold • Integrity Gold
New disclosures (dated 2.3.14) are required to select these crediting strategies. Previous versions will no longer be accepted after Feb. 28.
Memo – New Strategies and Rate Series Change Feb. 3 Page two
New Strategies and Rate Series Change 02/03/14
Guarantee Series Change Information: We are happy to announce a NEW Guarantee Series, now offering higher rates and more choices! Effective Feb. 3, contracts issued under the new Guarantee Series will receive the increased rates stated below. Additionally, we are now offering a 6-year option! Plus: Clients now have 30 days AFTER the end of the surrender charge period to decide if they want to start a new contract and surrender charge period. (Formerly, 30 days prior.) Guarantee Period Continuation options vary in Florida. Please see disclosure for details.
Market Value Adjustment (MVA) applies. New disclosures (Form # 1149 or 1149-D-FL dated 2.3.14) will be required in order to issue the new Guarantee Series and receive the higher rates. Pending business for the current Guarantee Series will receive current rates unless a new application and disclosure are submitted. There will be no rate adjustments made to previously issued contracts. Applications for the current Guarantee Series (SPDA-MYGA) will no longer be accepted after Feb. 28.
Call our Marketing Department at 888-647-1371 or go to our website for more information.
Click Here for Product Profile!
Click Here for Florida Product Profile!
Thank you for your business and support!
*Annuity Contracts issued under form series ICC13 IDX7, ICC13 MYGA, INDEX-1-07, ICC11 IDX3, ICC11 IDX4, ICC12 IDX5, ICC13 IDX7 and state variations thereof.
Availability may vary by state.
Guarantee Series Current Rate New Rate Guarantee 5 2.50% 2.55%
Guarantee 6 -- 2.90%
Guarantee 7 3.00% 3.15%
Memo – New Strategies and Rate Change Feb. 3 Page two
New Product Enhancements 02/03/14
DATE: Feb. 3, 2014
TO: All Agents in MN, NJ, OH, OR, PA, TX, UT, WA
FROM: Jessica Kilker, Assistant Vice President – Marketing Services
RE: Announcing New Product Enhancements
American Equity announces new Interest Index Crediting Strategies, changes
to the Benefit Gold and the Multi-Year Guarantee Series New Crediting Strategies: Effective Feb. 3 American Equity is implementing TWO new Interest Index Crediting Strategies to most of our fixed indexed annuity products.
Two Crediting Strategies: • Performance Triggered (PT) – This is a new Interest Index Crediting Strategy based on the
S&P 500 in which a PT rate is declared annually. Each Contract Anniversary the Index Price is compared to the previous anniversary’s Index Price. The declared PT Rate is credited to the contract if the Index Price on the current Contract Anniversary is equal or greater than the previous Contract Anniversary Index Price.
• Bond Yield with Cap (BYC) – This is a new Interest Index Crediting Strategy based on the 10-Yr. US Treasury Bond that works inversely to the current bond index strategy (less the coupon component). The intent of the strategy is to provide an alternative for clients that believe general interest rates will rise over time. Each Contract Anniversary the Bond Price is compared to the Bond Price on the previous anniversary. The Index Credit is based on the decrease in the Bond Price. Caps and/or Asset Fees are applied to the BYC Interest Credit Calculation.
Products Affected: • Bonus Gold • Foundation Gold • Traditions Gold • Integrity Gold • Benefit Gold
New disclosures (dated 2.3.14) are required to select these crediting strategies. Previous versions will no longer be accepted after Feb. 28.
.
Memo – New Strategies and Rate Change Feb. 3 Page two
New Product Enhancements 02/03/14
New and Improved Benefit Gold Effective Feb. 3 an updated version of the Benefit Gold is available. This version will now offer Flexible Premium – previously a Single Premium product.
In addition to the two new Interest Index Crediting Strategies the Benefit Gold will now offer: • S&P Annual Point to Point with Participation Rate • S&P Monthly Average with Participation Rate
New disclosure (Form #1150 D or 1150-D-NJ dated 2.3.14) now required in order to take advantage of these new strategies and flexible premium benefit. Please destroy previous versions as they will no longer be accepted after Feb. 28. Guarantee Series Change Information: We are happy to announce a NEW Guarantee Series, now offering higher rates and more choices! Effective Feb. 3, contracts issued under the new Guarantee Series will receive the increased rates stated below. Additionally, we are now offering a 6-year option! Plus: Clients now have 30 days AFTER the end of the surrender charge period to decide if they want to start a new contract and surrender charge period. (Formerly, 30 days prior.) Please see disclosure for details.
Market Value Adjustment (MVA) applies in all states. New disclosures (Form #1149 dated 2.3.14) will be required in order to issue the new Guarantee Series and receive the higher rates. Pending business for the current Guarantee Series will receive current rates unless a new application and disclosure are submitted. There will be no rate adjustments made to previously issued contracts. Applications for the current Guarantee Series will no longer be accepted after Feb. 28.
Call our Marketing Department at 888-647-1371 or go to our website for additional details.
Click Here for Product Profile
Click on the State for State Specific Product Profiles: MN, OR, TX, WA
Thank you for your business and support!
*Annuity Contracts issued under form series ICC13 IDX7, ICC13 MYGA, INDEX-1-07, ICC11 IDX3, ICC11 IDX4, ICC12 IDX5, ICC13 IDX7 and state variations thereof.
Availability may vary by state
Guarantee Series Surrender Period New RateGuarantee 5 5 year 2.55%
Guarantee 6 6 year 2.90%
Guarantee 7 7 year 3.15%
Memo – New Product Enhancments Feb. 3 Page two
New Product Enhancements 02/03/14
DATE: Feb. 3, 2014
TO: All Agents in AK, NV
FROM: Jessica Kilker, Assistant Vice President – Marketing Services
RE: Announcing New Product Enhancements
American Equity announces new Interest Index Crediting Strategies, changes
to Benefit Gold and introduces Multi-Year Guarantee Series New Crediting Strategies: Effective Feb. 3 American Equity is implementing TWO new Interest Index Crediting Strategies to most of our fixed indexed annuity products.
Two Crediting Strategies • Performance Triggered (PT) – This is a new Interest Index Crediting Strategy based on the
S&P 500 in which a PT rate is declared annually. Each Contract Anniversary the Index Price is compared to the previous anniversary’s Index Price. The declared PT Rate is credited to the contract if the Index Price on the current Contract Anniversary is equal or greater than the previous Contract Anniversary Index Price. Bond Yield with Cap (BYC) – This is a new Interest Index Crediting Strategy based on the 10-Yr. US Treasury Bond that works inversely to the current bond index strategy (less the coupon component). The intent of the strategy is to provide an alternative for clients that believe general interest rates will rise over time. Each Contract Anniversary the Bond Price is compared to the Bond Price on the previous anniversary. The Index Credit is based on the decrease in the Bond Price. Caps and/or Asset Fees are applied to the BYC Interest Credit Calculation.
Products Affected: • Foundation Gold • Traditions Gold • Integrity Gold • Benefit Gold
New disclosures (dated 2.3.14) are required to select these crediting strategies. Previous versions will no longer be accepted after Feb. 28.
Memo – New Product Enhancments Feb. 3 Page two
New Product Enhancements 02/03/14
New and Improved Benefit Gold Effective Feb. 3 an updated version of the Benefit Gold is available. This version will now offer Flexible Premium – previously a Single Premium product.
In addition to the two new crediting strategies the Benefit Gold will now offer: • S&P Annual Point to Point with Participation Rate • S&P Monthly Average with Participation Rate
New disclosure (Form #1150 dated 2.3.14) now required in order to take advantage of these new strategies and flexible premium benefit. Please destroy previous versions as they will no longer be accepted after Feb. 28.
Introducing our Multi-Year Guarantee Annuity Series: Starting Feb. 3 we will offer the Guarantee Series including a 5, 6, or 7-year option.
Market Value Adjustment (MVA) applies. Other features include:
• Annual Penalty-free withdrawals of interest credited that Contract Year • Guarantee Period Continuation options available at the end of the surrender
charge period • Full Death Benefit at death of Owner and/or Annuitant.
Call our Marketing Department at 888-647-1371 or go to our website for additional details.
Click Here for Product Profile!
Thank you for your business and support.
*Annuity Contracts issued under form series ICC13 IDX7, ICC13 MYGA, INDEX-1-07, ICC11 IDX3, ICC11 IDX4, ICC12 IDX5, ICC13 IDX7 and state variations thereof.
Availability may vary by state.
Guarantee Series Surrender Period Interest RatesGuarantee 5 5 year 2.55 %Guarantee 6 6 year 2.90% Guarantee 7 7 year 3.15%
Memo – New Strategies and Rate Change Feb. 3 Page two
New Index Strategies 02/03/14
DATE: Feb. 3, 2014
TO: All Agents in CA, DE
FROM: Jessica Kilker, Assistant Vice President – Marketing Services
RE: Announcing New Index Strategies
American Equity announces two new Interest Index Crediting Strategies New Crediting Strategies: Effective Feb. 3 American Equity is implementing TWO new Interest Index Crediting Strategies to most of our fixed indexed annuity products. Two Crediting Strategies
• Performance Triggered (PT) – This is a new Interest Index Crediting Strategy based on the S&P 500 in which a PT rate is declared annually. Each Contract Anniversary the Index Price is compared to the previous anniversary’s Index Price. The declared PT Rate is credited to the contract if the Index Price on the current Contract Anniversary is equal or greater than the previous Contract Anniversary Index Price.
• Bond Yield with Cap (BYC) – This is a new Interest Index Crediting Strategy based on the 10-Yr. US Treasury Bond that works inversely to the current bond index strategy (less the coupon component). The intent of the strategy is to provide an alternative for clients that believe general interest rates will rise over time. Each Contract Anniversary the Bond Price is compared to the Bond Price on the previous anniversary. The Index Credit is based on the decrease in the Bond Price. Caps and/or Asset Fees are applied to the BYC Interest Credit Calculation.
Products Affected: • Bonus Gold • Retirement Gold • Foundation Gold • Traditions Gold • Advantage Gold • Integrity Gold
New disclosures (dated 2.3.14) are required to select these crediting strategies. Previous versions will no longer be accepted after Feb. 28.
Call our Marketing Department at 888-647-1371 or go to our website for additional details.
Click Here for Product Profile!
*Annuity Contracts issued under form series ICC13 IDX7, ICC13 MYGA, INDEX-1-07, ICC11 IDX3, ICC11 IDX4, ICC12 IDX5, ICC13 IDX7 and state variations thereof.
Availability may vary by state.
Memo – New Strategies, Rate Changes and New Application Feb. 3 Page two
New Strategies, Rate Change and New Application 02/03/14
DATE: Feb. 3, 2014
TO: All Agents in AR
FROM: Jessica Kilker, Assistant Vice President – Marketing Services
RE: New Strategies, Rate Changes and New Application
American Equity announces two new Interest Index Crediting Strategies and changes to Multi-Year Guarantee Series
New Crediting Strategies: Effective Feb. 3 American Equity is implementing TWO new Interest Index Crediting Strategies to most of our fixed indexed annuity products.
Two Crediting Strategies • Performance Triggered (PT) – This is a new Interest Index Crediting Strategy based on the
S&P 500 in which a PT rate is declared annually. Each Contract Anniversary the Index Price is compared to the previous anniversary’s Index Price. The declared PT Rate is credited to the contract if the Index Price on the current Contract Anniversary is equal or greater than the previous Contract Anniversary Index Price.
• Bond Yield with Cap (BYC) – This is a new Interest Index Crediting Strategy based on the 10-Yr. US Treasury Bond Index that works inversely to the current bond index strategy (less the coupon component). The intent of the strategy is to provide an alternative for clients that believe general interest rates will rise over time. Each Contract Anniversary the Bond Price is compared to the Bond Price on the previous anniversary. The Index Credit is based on the decrease in the Bond Price. Caps and/or Asset Fees are applied to the BYC Interest Credit Calculation.
Products Affected: • Bonus Gold • Retirement Gold • Foundation Gold • Traditions Gold • Advantage Gold • Integrity Gold
New disclosures (dated 2.3.14) are required to select these crediting strategies. Previous versions will no longer be accepted after Feb. 28.
Memo – New Strategies, Rate Changes and New Application Feb. 3 Page two
New Strategies, Rate Change and New Application 02/03/14
Guarantee Series Change Information: We are happy to announce a NEW Guarantee Series, now offering higher rates and more choices! Effective Feb. 3, contracts issued under the new Guarantee Series will receive the increased rates stated below. Additionally, we are now offering a 6-year option! Plus: Clients now have 30 days AFTER the end of the surrender charge period to decide if they want to start a new contract and surrender charge period. (Formerly, 30 days prior.) Please see disclosure for details.
Market Value Adjustment (MVA) applies. New disclosures (Form #1149 dated 2.3.14) will be required in order to issue the new Guarantee Series and receive the higher rates. Pending business for the current Guarantee Series will receive current rates unless a new application and disclosure are submitted. There will be no rate adjustments made to previously issued contracts. Applications for the current Guarantee Series will no longer be accepted after Feb. 28. New Application Required: Effective Feb. 28, we are no longer accepting old form – 12-A-2000.1. New Application form number is – ICC12-A-2000 (dated 4.8.13).
Call our Marketing Department at 888-647-1371 for more details and to order supplies.
Click Here for Product Profile!
Click Here for Application
Thank you for your business and support!
*Annuity Contracts issued under form series ICC13 IDX7, ICC13 MYGA, INDEX-1-07, ICC11 IDX3, ICC11 IDX4, ICC12 IDX5, ICC13 IDX7.
Guarantee Series Current Rate New Rate Guarantee 5 2.50% 2.55 %
Guarantee 6 -- 2.90%
Guarantee 7 3.00% 3.15%
Memo – New Strategies and New Guarantee Series Feb. 3 Page two
New Strategies and New Guarantee Series 02/03/14
DATE: Feb. 3, 2014
TO: All Agents in MO
FROM: Jessica Kilker, Assistant Vice President – Marketing Services
RE: Introducing New Strategies and New Guarantee Series
American Equity announces two new Interest Index Crediting
Strategies and introduces Multi-Year Guarantee Series New Crediting Strategies: Effective Feb. 3 American Equity is implementing TWO new Interest Index Crediting Strategies to most of our fixed indexed annuity products.
Two Crediting Strategies • Performance Triggered (PT) – This is a new Interest Index Crediting Strategy based on the
S&P 500 in which a PT rate is declared annually. Each Contract Anniversary the Index Price is compared to the previous anniversary’s Index Price. The declared PT Rate is credited to the contract if the Index Price on the current Contract Anniversary is equal or greater than the previous Contract Anniversary Index Price.
• Bond Yield with Cap (BYC) – This is a new Interest Index Crediting Strategy based on the 10-Yr. US Treasury Bond that works inversely to the current bond index strategy (less the coupon component). The intent of the strategy is to provide an alternative for clients that believe general interest rates will rise over time. Each Contract Anniversary the Bond Price is compared to the Bond Price on the previous anniversary. The Index Credit is based on the decrease in the Bond Price. Caps and/or Asset Fees are applied to the BYC Interest Credit Calculation.
Products Affected: • Bonus Gold • Retirement Gold • Foundation Gold • Traditions Gold • Advantage Gold • Integrity Gold
New disclosures (dated 2.3.14) are required to select these crediting strategies. Previous versions will no longer be accepted after Feb. 28.
Memo – New Strategies and New Guarantee Series Feb. 3 Page two
New Strategies and New Guarantee Series 02/03/14
Introducing our Multi-Year Guarantee Annuity Series: Starting Feb. 3 we will offer the Guarantee Series including a 5, 6, or 7-year option.
Market Value Adjustment (MVA) applies.
Other features include:
• Annual Penalty-free withdrawals of interest credited that Contract Year • Guarantee Period Continuation options available at the end of the surrender
charge period • Full Death Benefit at death of the Owner and/or Annuitant
Call our Marketing Department at 888-647-1371 or go to our website for more details.
Click Here for Product Profile
Thank you for your business and support!
*Annuity Contracts issued under form series ICC13 IDX7, ICC13 MYGA, INDEX-1-07, ICC11 IDX3, ICC11 IDX4, ICC12 IDX5, and ICC13 IDX7.
Guarantee Series Surrender Period Rates Guarantee 5 5 year 2.55 % Guarantee 6 6 year 2.90% Guarantee 7 7 year 3.15%
Memo – New Strategies and New Products Feb. 3 Page two
New Strategies and New Products 02/03/14
DATE: Feb. 3, 2014
TO: All Agents in MT
FROM: Jessica Kilker, Assistant Vice President – Marketing Services
RE: Announcing New Strategies and New Products
American Equity introduces new Interest Index Crediting Strategies, New Products and New Application
Introducing our Multi-Year Guarantee Annuity Series: Starting Feb. 3 we will offer the Guarantee Series including a 5, 6, or 7-year option.
Market Value Adjustment (MVA) applies.
Other features include:
• Annual Penalty-free withdrawals of interest credited that Contract Year • Guarantee Period Continuation options available at the end of the surrender
charge period • Full Death Benefit at death of Owner and/or Annuitant
New Application Required: Effective Feb. 28 we are no longer accepting old form – 12-A-2000.1. The new Application form number is – ICC12-A-2000 (dated 4.8.13). New Product Introductions: Effective Feb. 3 the following American Equity products are available:
Foundation Gold 7% Premium Bonus
• Issue Ages 0-80 • 10-Year Surrender Charge and Bonus Vesting Schedule • 5% Penalty Free Withdrawal with cumulative withdrawal option up to 10%
maximum available • Includes Lifetime Income Benefit Rider • Full Death benefit at death of Owner or Annuitant
Guarantee Series Surrender Period Interest Rate Guarantee 5 5 year 2.55% Guarantee 6 6 year 2.90% Guarantee 7 7 year 3.15%
Memo – New Strategies and New Products Feb. 3 Page two
New Strategies and New Products 02/03/14
New Product Introductions continued… • Traditions Gold
• 10 Year Surrender Charge Schedule • Includes Lifetime Income Benefit Rider • Higher Crediting Rates • 10% Annual Penalty Free Withdrawals -Starting Year 2 • Full Death Benefit at death of Owner or Annuitant
• Integrity Gold • 6 Year Surrender Charge Period • Includes Lifetime Income Benefit Rider • 10% Annual Penalty Free Withdrawals - Starting Year 2 • Full Death Benefit at death of Owner or Annuitant
New Crediting Strategies: Effective Feb. 3 American Equity is implementing TWO new Interest Crediting Strategies to most of our fixed indexed annuity products. Two Crediting Strategies
• Performance Triggered (PT) – This is a new index strategy based on the S&P 500 in which a PT rate is declared annually. Each Contract Anniversary the Index Price is compared to the previous anniversary’s Index Price. The declared PT Rate is credited to the contract if the Index Price on the current Contract Anniversary is equal or greater than the previous Contract Anniversary Index Price.
• Bond Yield with Cap (BYC) – This is a new index strategy based on the 10- Yr. US Treasury Bond that works inversely to the current bond index strategy (less the coupon component). The intent of the strategy is to provide an alternative for clients that believe general interest rates will rise over time. Each Contract Anniversary the Bond Price is compared to the Bond Price on the previous anniversary. The Index Credit is based on the decrease in the Bond Price. Caps and/or Asset Fees are applied to the BYC Interest Credit Calculation.
Products Affected: • Bonus Gold • Retirement Gold • Foundation Gold • Traditions Gold • Integrity Gold • Advantage Gold New disclosures (dated 2.3.14) are required to select these crediting strategies. Previous versions will no longer be accepted after Feb. 28. Call our Marketing Department at 888-647-1371 or go to our website for details.
Click Here for Product Profile Click Here for Application
*Annuity Contracts and Rider issued under form series ICC13 IDX7, ICC13 MYGA, INDEX-1-07, ICC11 IDX3, ICC11 IDX4, ICC12 IDX5, ICC13 IDX7, ICC13 R-LIBR.1.
