Key Terms Listed here are key terms and definitions that may be useful when learning about our products.
Annuitization
Minimum Guaranteed Surrender Value (MGSV)
Conversion of the Cash Surrender Value of the annuity into regular guaranteed income payments. The amount paid to the contract owner by American Equity when the contract is surrendered.
At no time will the Cash Surrender Value of the contract be less than 91% of premium received, less any withdrawals, accumulated at the minimum guaranteed interest rate. Available at any time, for partial distribution over the Free Withdrawal amount. Surrender Charges and minimum values will apply. This rider allows surrender charges to be waived upon termination of the annuity contract if certain criteria are met as described in the annuity contract.
Cash Surrender Value
Partial Withdrawal
Contract Value
The total of the values in the annuity contract.
Rate Integrity Rider
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. Opportunity each year, after the first contract year, to take withdrawals up to 10% of the Contract Value, without expense. Withdrawals are subject to ordinary income taxes. Contract owners choose from several index or fixed value crediting strategies, each offering different opportunities for growth.
Surrender
Termination of the contract in exchange for Cash Surrender Value.
Free Withdrawal
Surrender Charge
Fee charged, when applicable, for full or partial distribution over the Free Withdrawal amount.
Interest Crediting Strategies
AssetShield 9
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