American Equity Asset Shield

Money Access Options Ongoing liquidity features

Free Withdrawals This is an opportunity each year (after the first contract year) to take Free Withdrawals up to 10% of the Contract Value. Withdrawals are subject to ordinary income tax, so you may want to speak with a tax professional when considering your annuity taxation. Death Benefit In the event of death, the entire contract value is paid to the surviving joint owner. If there is no surviving joint owner, the Death Benefit is paid to the named beneficiary(ies) with no Surrender Charges. Generally, this is paid in a lump-sum, but other payment options are available. See the product disclosure for further details. Surrender Values and Charges The annuity’s Surrender Value will never be less than 91% of the premium received, less any withdrawals, accumulated at the minimum guaranteed interest rate. If a Partial Withdrawal above the Free Withdrawal or a Surrender is taken during the Surrender Charge period, a deduction will be taken out according to the Surrender Charge schedule.

Surrender Charge Schedule (Age 18-80)

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Contract Year

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Surrender Charge %

Waiver of Surrender Charge Riders Rate Integrity Rider

Market Value Adjustment (MVA) This product contains a Market Value Adjustment (MVA) Rider. 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 increases, Cash Surrender Values decrease. As the MVA Index decreases, Cash Surrender Values increase.

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 we declare a Cap or 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. Performance Rate Rider (PRR) More options for magnified growth potential. In exchange for a fee, this rider provides the opportunity to increase the cap, participation rate or replacement rate on elected index-linked crediting strategies. The rider fee is locked-in for the surrender charge schedule and deducted on the last day of each time period.

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