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Fixed Index Annuity Providing asset protection and growth potential EAGLE SELECT ® FOCUS 7
Fixed Index Annuity EAGLE SELECT ® FOCUS 7 Flexibility. Asset Growth Potential. Principal Protection. When you reach retirement, you want the assurance that your retirement funds are protected while they potentially grow to meet rising expenses. You want to make sure that your retirement income helps you meet your goals. The Eagle Select® Focus 7 fixed index annuity was crafted to help protect your principal, while also offering opportunities for growth of your assets. A choice of index-linked crediting strategies can help you build the income you need to help you accumulate money for a more financially stable future . WHAT IS A FIXED INDEX ANNUITY? A fixed index annuity (FIA) is a long-term option that combines principal protection and opportunity for growth. Interest credits are based on the performance of an underlying market index, but your money is never directly exposed to the stock market. HOW DOES AN FIA WORK? An FIA can be an excellent choice when seeking a balance between growth and security in your financial strategy. • A n FIA’s growth opportunities include both a fixed interest rate and index-linked strategies. • There are no exposure risks like you might have if investing directly in an index’s holdings. • An FIA can’t lose money due to index decreases, and the interest credited will never be less than zero.
An FIA offers a combination of powerful benefits:
Principal protection
Index-linked options
Guaranteed interest options
Tax-deferral
Terminal Illness and Nursing Care Benefits
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Eagle Select® Focus 7
WHY IS PROTECTED GROWTH IMPORTANT TO YOUR RETIREMENT STRATEGY? Concerns about building an adequate retirement income are often linked to low interest rates, taxes, inflation and market volatility. These factors can potentially impact your retirement savings — unless you’re prepared. Putting a portion of your money into a fixed index annuity can help protect your existing savings, while also helping you enjoy the advantage of opportunities that can allow your assets to potentially grow over time.
67% 66%
retirement concern is that investments won’t keep up2 #2
worry about a possible market downturn1
of Americans are concerned about inflation and the rising cost of living.1
1. Knueven, L.; “Americans have 3 major fears about retirement, but a financial planner says they can be overcome”; Business Insider: Personal Finance; 7/8/2021; https://businessinsider.com/personal-finance/americans-major-fears- about-retirement-overcome-2021-7; viewed 3/8/2022. 2. Napoletano, E., “Top 4 Retirement Worries — And How to Handle Them”; Forbes Advisor; 9/24/2020; https://forbes. com/advisor/retirement/top-retirement-worries/; viewed 3/8/2022 .
ADVANTAGES OF EAGLE SELECT ® FOCUS 7 SEVEN 1 Start at your own level With no premium bands, minimum contracts can begin with consistent rates and as little as an initial premium of $5,000, allowing you to build your retirement savings at your own pace.
Fixed Annuities. Fixed Index Annuities. Guaranteed Income for Life.
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2 Benefit from choices and diversification Select from multiple crediting strategies that allow you to diversify your retirement dollars and potentially benefit from index increases — while your principal remains protected from market downturn.
Fixed Rate Strategy
A fixed interest rate is set at issue, guaranteed for the contract year and can change annually. Designed to deliver exposure to the iShares® Core S&P 500® ETF, this index is subject to a 7% target volatility that incorporates its U.S. Treasury iShares® ETF and cash components with the ability to rebalance daily Multi-asset index comprised of both national and global asset classes, allowing for broad diversification and boosting growth potential. By actively allocating across 10 global asset classes — including equities, fixed income and alternatives — the index provides risk management, with a dynamic approach to allocation based on market trends and the ability to pivot as needed due to market volatility. Index that focuses on growth and seeks to optimize performance by dynamically combining US equities, bonds, and cash, and matching the equity allocation strategy to one of four economic cycles — recovery, expansion, slowdown, or contraction. Addresses risk with daily allocation adjustments and additional intra- day risk management as needed. Consists of 500 leading U.S. stocks and is a common benchmark of the stock market. The S&P 500® Index is widely regarded as the best single gauge of large-cap U.S. equities. Volatility control index that consists of the S&P 500® members that have consistently increased dividends every year for at least 25 consecutive years. This index crediting strategy is designed to provide added stability by limiting risk exposure and measuring the market performance on a daily basis using the most consistent, dividend-producing companies on the S&P 500® Index.
BlackRock Adaptive U.S. Equity 7% Index TM Ticker: BAUSE7X
Franklin Global Trends Index SM Ticker: FTGTREND
Invesco Dynamic Growth Index Ticker: IIDGROW
S&P 500 ® Index Ticker: SPX
S&P 500 ® Dividend Aristocrats ® Daily Risk Control 5% Excess Return Index Ticker: SPXD5UE
3 Boost your potential for long-term success The optional Performance Rate Rider (PRR) gives you the opportunity to increase participation rates on your annuity’s crediting strategies. It can boost the amount of interest credited to your annuity, while the cost for applying the PRR to your selected crediting strategies won’t change for the length of the annuity’s surrender charge period.
• BlackRock Adaptive US Equity 7% Index TM • Franklin Global Trends Indez SM • Invesco Dynamic Growth Index The PRR can be added to these index options with participation rates*:
• S&P 500® Index • S&P 500® Dividend Aristocrats® Daily Risk Control 5% Excess Return Index
The innovative Participation Rate for Term (par-for-term) crediting strategy, guarantees the participation rate determined at contract issue will not change for the surrender charge period of the annuity contract. Additional premium added after contract issue cannot be allocated to the par-for-term strategy.
*Performance Rate Rider not available on 2-Year index options featuring Participation Rate for Term.
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Eagle Select® Focus 7
5 Stay protected when the unexpected happens Through the Enhanced Benefit Rider, automatically included from day one for ages 75 and under, you have access to a Qualified Nursing Care and Terminal Illness Benefit after the first contract year. 3 4 Consolidate and accumulate assets With the flexible premium feature, you can add more money to your contract when it works for you. That means your contract value can grow over time, compounding interest.
Qualified Nursing Care Benefit
After the first year of the contract , one additional free withdrawal of up to 100% of the contract value is allowed if:
You’re confined to a qualified nursing care facility for a minimum of 90 days; Your confinement begins after the contract starts; and You can provide written proof of the confinement from both the nursing care facility and your physician who recommended the confinement.
Terminal Illness Benefit
After the first year of the contract, one additional free withdrawal of up to 100% of the contract value is allowed if:
6 Access for non-natural persons or entities If you’re a business owner, charity or trust, Eagle Select® Focus 7 can be a reliable option to help you put money aside for later. By creating unique opportunities through principal protection and growth options through the annuity, you also have ways for your money to grow, along with protecting the savings you’ve already built up. Eligible organizations You’re diagnosed with a terminal illness,terminal illness, Your diagnosis takes place after the contract begins, and You can provide written proof of the diagnosis with supporting documentation from your physician.
City/county departments
Trade associations
Corporations
Religious organizations
Homeowner associations (HOA)
Limited Liability Company (LLC)
3. Enhanced Benefit Rider (ICC20 E-R-EBR) included with no fee for issue ages 75 and under. Availability and benefits may vary by state. Not available in CA 7 Greater opportunities for growth Time is on your side with Eagle Select® Focus 7. You can receive higher index credits due to the increased rates that come with the longer surrender term of Focus 7. This can help you build up your assets as you near retirement.
Fixed Annuities. Fixed Index Annuities. Guaranteed Income for Life.
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With Eagle Select® Focus 7, you have access to the money in your annuity. Eagle Life provides withdrawal flexibility. Free withdrawals Each year (after the first contract year), you can take free withdrawals* up to 10% of the contract value. Death benefit The death benefit is paid to the surviving joint owner. If there is no surviving joint owner, the proceeds are paid to the named beneficiary(ies) with no surrender charges. MONEY ACCESS OPTIONS AND FEATURES
ADDITIONAL PRODUCT DETAILS
Withdrawal and surrender charges
Schedule (age 18-85)
Contract year
1
2
3
4
5
6
7
8
Surrender charge percent
8% 8% 7% 6% 5% 4% 3% 0% 8% 7.5% 6.5% 5.5% 4.5% 3.5% 2.5% 0%
California surrender charge percent
Market Value Adjustment (MVA) This product includes a Market Value Adjustment (MVA). An MVA may increase or decrease the amount of a withdrawal in excess of the free withdrawal amount or the surrender value. The MVA does not apply to free withdrawals, any death benefit, the MGSV or any distributions occurring after the surrender charge period has ended. In general, as the MVA Index 4 increases, cash surrender values decrease. As the MVA Index decreases, cash surrender values increase. The maximum MVA (up or down) equals the lesser of the contract value minus the unadjusted surrender value of the contract or the unadjusted surrender value of the contract minus the MGSV. Key terms Annuitization: Conversion of the Cash Surrender Value of the annuity into regular guaranteed income payments. Contract Value: The total of the values in the annuity contract. Death Benefit: The greater of the Contract Value or the Minimum Guaranteed Surrender Value. Available Death Benefit payment options are listed in the annuity contract. Minimum Guaranteed Surrender Value (MGSV): At no time will the Surrender Value of the contract be less than 90% (91% in CA) of premium received, less any withdrawals, accumulated at the minimum guaranteed interest rate. Penalty Free Withdrawal: Opportunity each year, after the first contract year, to take withdrawals up to 10% of the Contract Value, without expense. Withdrawals are subject to income taxes. Partial Withdrawal: Available at any time, for partial distribution over the Free Withdrawal amount. Surrender Charges and minimum values will apply. Surrender: Termination of the contract in exchange for the Surrender Value. Surrender Charge: Fee charged, when applicable, for full or partial distribution over the Free Withdrawal amount. Surrender Value: The greater of the Contract Value minus any Surrender charges; or the Minimum Guaranteed Surrender Value Withdrawal Charge: An amount subtracted from the Contract Value if requested at a time when the Withdrawal Charges apply.
*Partial withdrawals over the free withdrawal amount may result in withdrawal charges.
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Eagle Select® Focus 7
4 MVA Index=The BofA Merrill Lynch 5-7 Year US Corporate Index All products and/or options may not be available in all states or with all broker-dealers or financial institutions. Annuity contract issued under form series ICC23 E-BASE-IDX, ICC23 E-IDX-C-7, ICC22 E-E-PTP-CL, ICC23 E-E-PTP-RL, ICC21 E-E-PTP-C, ICC21, E-E-PTP-PR , ICC17 E-R-MVA, ICC21 E-R-ERR, ICC20 E-R-EBR and state variations thereof. Availability may vary by state. Past performance is not an indication of future results. You may be subject to a 10% federal penalty if you make withdrawals before age 59½. Surrender charges may apply to excess withdrawals that exceed 10% annual free withdrawal available under the contract. Market Value Adjustment (MVA) applies to excess partial withdrawals over the penalty-free amount and surrenders occurring during the surrender charge period. 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. Guarantees are based on the financial strength and claims-paying ability of the issuing company. Eagle Life is a wholly owned subsidiary of American Equity Investment Life Insurance Company®. Under current tax law, the Internal Revenue Code already provides tax-deferral to qualified money, so there is no additional tax benefit obtained by funding a qualified contract, such as an IRA, with an annuity; consider the other benefits provided by an annuity, such as lifetime income and a Death Benefit. Indexed annuities are not stock market investments and do not directly participate in any stock or equity investments. Market indices may not include dividends paid on the underlying stocks, and therefore may not reflect the total return of the underlying stocks; neither an index nor any market-indexed annuity is comparable to a direct investment in the equity markets. This material is for informational purposes only, and is not a recommendation to buy, sell, hold or rollover any asset. It does not take into account the specific financial circumstances, investment objectives, risk tolerance, or need of any specific person. In providing this information, Eagle Life Insurance Company® is not acting as your fiduciary as defined by the Department of Labor. Eagle Life does not offer legal, investment or tax advice or make recommendations regarding insurance or investment products. Please consult a qualified professional. The BlackRock Adaptive US Equity 7% Index (the “Index”) is a product of BlackRock Index Services, LLC and has been licensed for use by Eagle Life Insurance Company (“Eagle Life”) as a component of Eagle Select Focus (the “Product”). The Index does not guarantee future income or protect against loss of principal. There can be no assurance that an investment strategy or financial product based on or in any way tracking the Index will be successful. Indexes are unmanaged and one cannot invest directly in an index. The Product is not sponsored, endorsed, marketed, sold, or distributed by BlackRock Index Services, LLC, BlackRock, Inc., or any of its affiliates, or any of their respective third party licensors (including the Index calculation agent, as applicable) (collectively, “BlackRock”). BlackRock makes no representation or warranty, express or implied, to the owners of the Product or any member of the public regarding the advisability of investing the Product or the ability of the Index to meet its stated objectives. BlackRock’s only relationship to Eagle Life with respect to the Index is the licensing of the Index and certain trademarks of BlackRock. The Index is created, compiled, and calculated by BlackRock Index Services, LLC without regard to Eagle Life or the Product. BlackRock Index Services, LLC has no obligation to take the needs of Eagle Life or the owners of the Product into consideration in calculating the Index. BlackRock is not responsible for and has not participated in the determination of the benefits and charges of Product or the timing of the issuance or sale of the Product or in the determination or calculation of the equation by which the Product is to be converted into cash, surrendered or redeemed, as the case may be. BlackRock has no obligation or liability in connection with the administration of Product. There is no assurance that products based on the Index will accurately track index performance or provide positive investment returns. BlackRock Index Services, LLC is not an investment advisor. Inclusion of a security within an index is not a recommendation by BlackRock to buy, sell, or hold such security, nor is it considered to be investment advice. Notwithstanding the foregoing, BlackRock, Inc. and its affiliates may independently issue and/or sponsor financial products unrelated to the Product currently being issued by Eagle Life, but which may be similar to and competitive with Product. In addition, BlackRock, Inc. and its affiliates may trade financial products which are linked to the performance of the Index. THE INDEX AND THE INDEX DATA ARE PROVIDED “AS-IS” AND “AS AVAILABLE”. BLACKROCK DOES NOT GUARANTEE THE ADEQUACY, ACCURACY, TIMELINESS AND/OR THE COMPLETENESS OF THE INDEX OR ANY DATA RELATED THERETO OR ANY COMMUNICATION WITH RESPECT THERETO, INCLUDING, ORAL, WRITTEN, OR ELECTRONIC COMMUNICATIONS. BLACKROCK SHALL NOT BE SUBJECT TO ANY DAMAGES OR LIABILITY FOR ANY ERRORS, OMISSIONS, OR DELAYS THEREIN. BLACKROCK MAKES NO EXPRESS OR IMPLIED WARRANTIES, AND EXPRESSLY DISCLAIMS ALL WARRANTIES, OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE, TITLE, NON- INFRINGEMENT, OR AS TO RESULTS TO BE OBTAINED BY EAGLE LIFE, OWNERS OF THE PRODUCT, OR ANY OTHER PERSON OR ENTITY FROM THE USE OF THE INDEX OR WITH RESPECT TO ANY DATA CONTAINED THEREIN OR RELATED THERETO. WITHOUT LIMITING ANY OF THE FOREGOING, IN NO EVENT WHATSOEVER SHALL BLACKROCK BE LIABLE FOR ANY INDIRECT, SPECIAL, INCIDENTAL, PUNITIVE, OR CONSEQUENTIAL DAMAGES INCLUDING, WITHOUT LIMITATION, LOSS OF PROFITS, TRADING LOSSES, LOST TIME OR GOODWILL, EVEN IF THEY HAVE BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES, WHETHER IN CONTRACT, TORT, STRICT LIABILITY, OR OTHERWISE.
Fixed Annuities. Fixed Index Annuities. Guaranteed Income for Life.
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THERE ARE NO THIRD PARTY BENEFICIARIES OF ANY AGREEMENTS OR ARRANGEMENTS BETWEEN BLACKROCK AND EAGLE LIFE. BlackRock®, BlackRock Adaptive US Equity 7% Index™, and the corresponding logos are registered and unregistered trademarks of BlackRock, Inc. or its subsidiaries. All rights reserved. “Franklin,” “Franklin Templeton” and the “Franklin Global Trends Index SM (the “Index”) are trademarks of Franklin Advisers, Inc. (the “Licensor”) and have been licensed for use by Eagle Life Insurance Company (“Eagle Life”) as a component of certain fixed index annuity products (each, a “Product” and collectively, the “Products”). Licensor uses a third-party calculation agent (the “Calculation Agent”) to calculate and publish the Index. The Calculation Agent uses its best efforts to ensure that the Index is calculated correctly; however, the Calculation Agent has no obligation to point out errors in the Index to third parties. Neither publication of the Index by the Calculation Agent nor the licensing of the Index or Index trademark for the purpose of use in connection with the Products constitutes a recommendation by the Calculation Agent to purchase the Products, nor does it in any way represent an assurance or opinion of the Calculation Agent with regard to any Product. The Products are not sponsored, endorsed, sold or promoted by Licensor or the Calculation Agent. Neither Licensor nor the Calculation agent makes any representation or warranty (express or implied) regarding the Product, the advisability of purchasing the Product, or the use of the Index or any data included therein. Licensor’s only relationship to Eagle Life is the licensing of certain trademarks and trade names and the Index or components thereof. Neither Licensor nor the Calculation Agent have any obligation or liability in connection with the marketing, issuance, or administration of the Product. LICENSOR DOES NOT GUARANTEE THE ACCURACY AND/OR THE COMPLETENESS OF THE INDEX OR ANY DATA INCLUDED THEREIN AND LICENSOR SHALL HAVE NO LIABILITY FOR ANY ERRORS, OMISSIONS, UNAVAILABILITY, OR INTERRUPTIONS THEREIN. LICENSOR MAKES NO WARRANTY, EXPRESS OR IMPLIED, AS TO RESULTS TO BE OBTAINED BY LICENSEE, HOLDERS OF THE PRODUCT OR ANY OTHER PERSON OR ENTITY FROM THE USE OF THE INDEX OR ANY DATA INCLUDED THEREIN. LICENSOR MAKES NO EXPRESS OR IMPLIED WARRANTIES, AND EXPRESSLY DISCLAIMS ALL WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE, WITH RESPECT TO THE INDEX OR ANY DATA INCLUDED THEREIN. WITHOUT LIMITING ANY OF THE FOREGOING, IN NO EVENT SHALL LICENSOR HAVE ANY LIABILITY FOR ANY SPECIAL, PUNITIVE, INDIRECT, INCIDENTAL, CONSEQUENTIAL DAMAGES, OR LOST PROFITS, EVEN IF NOTIFIED OF THE POSSIBILITY OF SUCH DAMAGES. The “Invesco Dynamic Growth Index” (the “Index”), the proprietary data contained therein, and “Invesco” are the property of Invesco Indexing LLC (“Licensor”) and have been licensed for use by Eagle Life Insurance Company (“Licensee”) as a component of certain fixed index annuity products (each, a “Product” and collectively, the “Products”). The Product is not sponsored, endorsed, sold or promoted by Licensor. Licensor makes no representation or warranty, express or implied, regarding the advisability of purchasing the Products generally or the ability of the Index, to track general stock market performance. Licensor’s relationship to Licensee includes the licensing of certain trademarks and trade names of Licensor and of the Index, which is determined, composed and calculated by Licensor without regard to the Licensee or the Product. Licensor has no obligation to take the needs of the Licensee or any other party into consideration in determining, composing or calculating the Index. Licensor has no obligation or liability in connection with the administration, marketing or trading of the Product. Licensor does not guarantee the accuracy and/or the completeness of the Index and/or any data included therein. Licensor makes no warranty, express or implied, as to results to be obtained by any person or entity from the use of the Index, any data included therein in connection with the rights licensed hereunder or for any other use. Licensor makes no express or implied warranties, and hereby expressly disclaims all warranties of merchantability or fitness for a particular purpose with respect to the Index, or any data included therein. Without limiting any of the foregoing, in no event shall Licensor have any liability for any special, punitive, indirect, or consequential damages (including lost profits), even if notified of the possibility of such damages. The S&P 500® is a product of S&P Dow Jones Indices LLC (“SPDJI”), and has been licensed for use by Eagle Life Insurance Company (“EL”). 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 EL. EL’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 and/or Dow Jones.
No Bank/Credit Union Guarantee
Not Insured by Any Federal Government Agency
Not FDIC/NCUA Insured
May Lose Value
Not a Deposit
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09SB3591-7 10.11.23 ©2023 Eagle Life. All Rights Reserved.
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Eagle Select® Focus 7
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