Introducing Destinations- A New Fixed Index Annuity From American Equity
Changing economic conditions don’t have to mean a change to your client's retirement course. Offer an annuity that performs during calm and volatile markets.
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The Destinations fixed index annuity offers protection from index volatility while letting them choose how to grow their assets, either by using a fixed rate or selecting an exclusive index-linked crediting strategy option.
Here a just a few of the exciting benefits of the new Destinations FIA:
- S&P 500 NeXt Monthly Point to Point with Replacement Rate – The three highest monthly S&P 500® index changes are replaced with the replacement rate declared at the beginning of each contract year.
- An Innovative Index: American Equity’s exclusive volatility controlled multi-asset index. This index aims to deliver stability in many market conditions with a target volatility level of 5%. The dynamic design balances risk and adjusts toward recently outperforming assets across U.S. equities, U.S. treasuries and Gold futures.
- Rate Integrity Rider: This rider allows for a waiver of surrender charges upon termination of the annuity contract. During the waiver election period, American Equity will waive surrender charges if they declare a participation rate for any crediting strategy included in the Rate Integrity Rider that is less than or equal to the surrender charge waiver rate. The surrender charge waiver rate for each crediting strategy is determined at the date of purchase.
- Free Withdrawals: After the first contract year, contract owners have the opportunity to take withdrawals up to 10% of the Contract Value without expense.
For producer use only. Not for use with the consumer unless directly stated in the material.
Product not guaranteed to be available in all 50 states. Contact Simplicity Des Moines (formerly Davis Life & Annuity) to verify state eligibility.
Annuity Contract and Riders issued under from series ICC17 BASE-IDX, ICC17 IDX-10-10, ICC18 E-MPTP-A (+Patent Pending), ICC20 E-PTP-PR, ICC18 R-WSC, ICC19 R-NCR, ICC19 R-TIR, ICC16 R-MVA, and state variations thereof. Possible interest credits for money allocated to an index-linked crediting strategy are based upon performance of the specific index; however, fixed index annuities are not an investment, but an insurance product, and do not directly invest in the stock market or the index itself. Clients may be subject to a 10% Federal tax penalty if withdrawals are taken before age 59 1/2
The S&P 500® is a product of S&P Dow Jones Indices LLC (“SPDJI”), and has been licensed for use by American Equity Investment Life Insurance Company (“AEL”). Standard & Poor’s® and S&P® are registered trademarks of Standard & Poor’s Financial Services LLC (“S&P”); Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”). These trademarks have been licensed to SPDJI and sublicensed for certain purposes by AEL. AEL's products are not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, S&P, or their respective affiliates, and such parties make no representations regarding the advisability of investing in such product(s) and have no liability for any errors, omissions, or interruptions of the S&P.
Surrender charges may apply to excess withdrawals that, in addition to LIB payment, exceed 10% annual penalty free withdrawal available under the contract. You may be subject to a 10% federal penalty if you make withdrawals before age 59 1/2
Market Value Adjustment (MVA) applies to partial withdrawals that exceed the free withdrawal amount allowed and surrenders occurring during the surrender charge period.
Guarantees are based on the financial strength and claims paying ability of American Equity and are not guaranteed by any bank or insured by the FDIC.
Simplicity Des Moines (formerly Davis Life & Annuity) and American Equity are not affiliated.