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Thank you!. How Does the Lifetime Income Benefit Rider Work?. Greater Of. LIFETIME INCOME BENEFIT RIDER (LIBR-2010). CHOOSE ONE. - PowerPoint PPT Presentation
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American Equity Investment Life Insurance Company • West Des Moines, IA 50266 • 888-647-1371 • www.american-equity.com | For Agent Information Only. Not For Use For Solicitation Or Advertising To The Public 1
For Agent Information Only. Not For Use For Solicitation Or Advertising To The Public
West Des Moines, IA 50266
American Equity Investment Life Insurance Company • West Des Moines, IA 50266 • 888-647-1371 • www.american-equity.com | For Agent Information Only. Not For Use For Solicitation Or Advertising To The Public 3
How Does the Lifetime Income Benefit
Rider Work?
American Equity Investment Life Insurance Company • West Des Moines, IA 50266 • 888-647-1371 • www.american-equity.com | For Agent Information Only. Not For Use For Solicitation Or Advertising To The Public 4
LIFETIME INCOME BENEFIT RIDER (LIBR-2010)
MGSV CV IAV IAV
Depends on product
? 4.5%
No Fee
6.5%
0.60% Fee
Greater Of When you are ready to elect income, the
Company will look back and guarantee you earned at least 4.5% or 6.5% on your Income Account
Value (IAV). If CV is larger, your IAV will step up to the Contract Value.
CHOOSE ONE
American Equity Investment Life Insurance Company • West Des Moines, IA 50266 • 888-647-1371 • www.american-equity.com | For Agent Information Only. Not For Use For Solicitation Or Advertising To The Public 5
LIFETIME INCOME BENEFIT RIDER (LIBR-2010) GUARANTEED INCOME PAYOUT PERCENTAGES
LEVEL PAYMENT OPTION
INCREASING PAYMENT OPTION
Owner or Annuitant’s
Minimum Age at Election
Single Payee Percentage of
IAV
Joint Payee Percentage of
IAV
Single Payee Percentage of
IAV
Joint Payee Percentage of
IAV
50-54
55-59
3.5%
4.0%
3.0%
3.5%
2.5%
3.0%
2.0%
2.5%
60-64
65-69
4.5%
5.0%
4.0%
4.5%
3.5%
4.0%
3.0%
3.5%
70-74
75-79
5.5%
6.0%
5.0%
5.5%
4.5%
5.0%
4.0%
4.5%
80+ 6.5% 6.0% 5.5% 5.0%
American Equity Investment Life Insurance Company • West Des Moines, IA 50266 • 888-647-1371 • www.american-equity.com | For Agent Information Only. Not For Use For Solicitation Or Advertising To The Public 6
LIFETIME INCOME BENEFIT RIDER (LIBR-2010)
Two Payment Options■ Level Payment Option
■ Increasing Payment Option – 3% Guaranteed
■ NOT A POINT OF SALE DECISION
■ Client Decides Level or Increasing when they turn income on
American Equity Investment Life Insurance Company • West Des Moines, IA 50266 • 888-647-1371 • www.american-equity.com | For Agent Information Only. Not For Use For Solicitation Or Advertising To The Public 7
American Equity Investment Life Insurance Company • West Des Moines, IA 50266 • 888-647-1371 • www.american-equity.com | For Agent Information Only. Not For Use For Solicitation Or Advertising To The Public 8
AEL LIBR STRENGTHS■ 4.5% for NO FEE for all ages or 6.5% for
0.60%* for owner issue ages 50+
■ No forced strategy allocation
■ Withdrawals do not cancel IAV** Rate
■ Can terminate LIBR any time
■ LIBR added to all indexed annuities+
■ Fee Based on Contract Value■ Up to 20 Years of Guaranteed IAV Rate
*Annual fee taken from Contract Value**IAV only used to calculate lifetime payments.+ Except 10/10 Gold and Heritage Gold. Call for availability
American Equity Investment Life Insurance Company • West Des Moines, IA 50266 • 888-647-1371 • www.american-equity.com | For Agent Information Only. Not For Use For Solicitation Or Advertising To The Public 9
American Equity Investment Life Insurance Company • West Des Moines, IA 50266 • 888-647-1371 • www.american-equity.com | For Agent Information Only. Not For Use For Solicitation Or Advertising To The Public 10
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