American Equity GuaranteeShield 5
Current Fixed Rates Bands
The American Equity GuaranteeShield 5 is a single-premium, fixed annuity with a five-year rate guarantee. After five years, owners have a 30-day window to withdraw, transfer, or reinvest the full account value. If no action is taken, the contract will automatically continue with an annual rate guarantee and no surrender penalties.
This policy offers three interest rate bands. Currently, the top two bands (any amount over $100K) offer the same rate. Deposits between $10K and $99.9K receive a lower rate. Qualified and non-qualified funds are accepted. There are no surrender penalties at death, and the policy does not automatically renew.
More Annuity options from: American Equity
Notable Features
At no cost, policy includes both Nursing Home and Terminal Illness waivers. After one year, either rider can be activated and provide 100% free withdrawals if certain conditions are met.
Additional Details
Product Type
MYGA (Multi-Year Guaranteed Annuity)
Term
5 Years
Free Withdrawals Yr1 / Yr2+
0% / 10%
Surrender Schedule
9%, 8%, 7%, 6%, 5%, 0%
Maximum Age
85
Minimum Investment
$250,000
Maximum Investment
$3,000,000
What We Like About This Annuity
This annuity policy does not automatically renew at surrender – it stays surrender-free with no penalties. It also offers 10% free withdrawals beginning in year two. There’s an enhanced benefit Rider included for Nursing Home and Terminal Illness needs. Larger maximum premiums available.
Other Popular Products
American Equity is best known for their fixed-indexed annuity policies. Their IncomeShield, EstateShield, and Asset Shield policies are popular for those looking for growth and income in a bonus annuity.
About American Equity
American Equity
AM Best Rating: A Excellent (3rd of 13 ratings)
https://www.american-equity.com/
About American Equity Investment Life Company
Headquartered in Des Moines, IA, this annuity-focused insurance company has offered policies for over 30 years. They boast an A rating (Excellent) with AM Best and service over 500,000 accounts nationwide.
They offer innovative fixed and fixed-indexed annuities to make retirement easy for their policyholders. Commitment to service, product integrity, and financial strength are the three core pillars supporting their customers.
In 2024, Brookfield Wealth Solutions acquired American Equity Life and later combined it with American National Group. Both companies operate independently as wholly-owned subsidiaries, however.