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Fixed Indexed Annuity

American Equity IncomeShield Bonus 10

American Equity

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10%

Free W/D

Available jurisdictions

Product data status: October 23, 2026

Rates, state availability, rider terms, and contract language must be confirmed with a licensed financial advisor or insurance professional before purchase. Guarantees are backed by the issuing insurer.

rate data

Run numbers for American Equity IncomeShield Bonus 10

rates, riders, crediting strategies, state availability, and contract facts stay scoped to this American Equity product.

Live product data

Rates as of October 23, 2026, from AdvisorWorld and CANNEX.

Lifetime withdrawal rate (GLWB rider)

7.16% lifetime payout + 6.5%/yr · compound · for up to 20 years roll-up

An income-led, ten-year-surrender fixed indexed annuity from American Equity built around an optional Lifetime Income Benefit Rider with Wellbeing Benefit, paired with a premium bonus that pumps up the rider's income base and a broad crediting menu spanning recognizable S&P 500, Nasdaq-100, and Dow Jones cap strategies plus several proprietary volatility-controlled indexes.

1.2% annual rider feeAdvisorWorld + CANNEX data

Best fit

Buyers planning for lifetime income who want a rider-led FIA with a meaningful premium bonus boosting the rider's income base, can commit to the full ten-year surrender period, and want to choose between two Wellbeing Benefit options (a current-payout flavor and a longer-deferral flavor) on single- or joint-life from a recognized-agency-rated carrier.

AM Best

A Excellent

Surrender period

10 years

Free withdrawal

10%/yr

Availability

49 jurisdictions (excl. California, New York)

Featured crediting strategies

Caps, participation rates, and declared rates are shown separately.

Index / strategyRate mechanicsCreditingSurrenderPremium

S&P 500

S&P 500 Index

Rate unavailable for this rider selection

Rate effective May 6, 2026

Annual point-to-point

Requested state: TX

1-year term · 10-year surrender · Does not vary by premium

1-year term

10-year surrender

Does not vary by premium

S&P 500

S&P 500 Index

Monthly Point to Point

Rate unavailable for this rider selection

Rate effective May 6, 2026

Monthly sum

Requested state: TX

1-year term · 10-year surrender · Does not vary by premium

1-year term

10-year surrender

Does not vary by premium

S&P 500

S&P 500 Index

Rate unavailable for this rider selection

Rate effective May 6, 2026

Performance trigger

Requested state: TX

1-year term · 10-year surrender · Does not vary by premium

1-year term

10-year surrender

Does not vary by premium

S&P 500

S&P 500 Index

Rate unavailable for this rider selection

Rate effective May 6, 2026

2-year point-to-point

Requested state: TX

2-year term · 10-year surrender · Does not vary by premium

2-year term

10-year surrender

Does not vary by premium

Nasdaq-100

Nasdaq-100 Index

Rate unavailable for this rider selection

Rate effective May 6, 2026

Annual point-to-point

Requested state: TX

1-year term · 10-year surrender · Does not vary by premium

1-year term

10-year surrender

Does not vary by premium

Nasdaq-100

Nasdaq-100 Index

Rate unavailable for this rider selection

Rate effective May 6, 2026

Performance trigger

Requested state: TX

1-year term · 10-year surrender · Does not vary by premium

1-year term

10-year surrender

Does not vary by premium

Dow Jones

Dow Jones Industrial Average

Rate unavailable for this rider selection

Rate effective May 6, 2026

Annual point-to-point

Requested state: TX

1-year term · 10-year surrender · Does not vary by premium

1-year term

10-year surrender

Does not vary by premium

Dow Jones

Dow Jones Industrial Average

Rate unavailable for this rider selection

Rate effective May 6, 2026

Performance trigger

Requested state: TX

1-year term · 10-year surrender · Does not vary by premium

1-year term

10-year surrender

Does not vary by premium

Fixed Account

Rate unavailable for this rider selection

Rate effective May 6, 2026

Fixed account

Requested state: TX

1-year term · 10-year surrender · Does not vary by premium

1-year term

10-year surrender

Does not vary by premium

+ 12 additional crediting options (S&P 500, BlackRock, Nasdaq Premier...)

Lifetime Income Riders

Income rider

Income Benefit Rider with Wellbeing Benefit Option 2

Lifetime payout rate7.16% lifetime payout

Annual rider fee1.2% annual rider fee

Guaranteed roll-up6.5%/yr · compound · for up to 20 years

Income rider

Income Benefit Rider with Wellbeing Benefit Option 1

Lifetime payout rate7% lifetime payout

Annual rider fee1.2% annual rider fee

Guaranteed roll-up10%/yr · simple · for up to 10 years

Product analyst notes

How to think about this contract

Why it can stand out

Lifetime income runs through a real, optional GLWB rider — the Lifetime Income Benefit Rider with Wellbeing Benefit — so the lifetime withdrawal rate is contractually attached to the rider and is directly comparable to other rider-led income FIAs. Buyers can choose between two Wellbeing Benefit options (Option 1 and Option 2), each available on single- or joint-life, so the rider can be tuned to the buyer's deferral horizon and survivor plan.
The contract carries a meaningful premium bonus credited at issue, which boosts the rider's income base and accelerates the lifetime-income story for buyers who plan to turn on the GLWB rather than walk away with the account value. This is the structural difference between IncomeShield Bonus 10 and the no-bonus IncomeShield filings — it is built to maximize rider-based income, not account-value growth.
Crediting menu is unusually broad for an income-led FIA: a fixed account, recognizable annual point-to-point cap and participation strategies on the S&P 500, Nasdaq-100, Dow Jones Industrial Average, plus longer two-year options and several proprietary volatility-controlled indexes (S&P 500 Dividend Aristocrats Daily Risk Control 5%, BlackRock Adaptive US Equity 5%, S&P 500 Advantage 15% VT TCA, Nasdaq Premier, NYSE Premier) — so the underlying account value backing the rider has both like-for-like S&P 500 comparability and higher-participation alternatives.
Carrier financial strength is rated by recognized agencies (A.M. Best and S&P) and the contract is filed broadly across U.S. jurisdictions, with nursing-home and terminal-illness waivers plus an annual free-withdrawal allowance built in for liquidity during the surrender period.

What to confirm

The premium bonus is the contract's headline marketing feature, but it is a structural tradeoff — the bonus is credited into the rider's income base (or the account value subject to a vesting schedule) in exchange for the longest surrender term in the IncomeShield family. Buyers who surrender the contract early or who never turn on the GLWB rider may not realize the full economic value of the bonus.
The income story is a rider, not a base-contract guarantee — its lifetime withdrawal rate, deferral mechanics, and rider fee are CONTRACTUAL TERMS of the rider, and the rider fee is deducted from the account value annually for as long as the rider is attached. Compare the rider's fee and payout terms together, not the headline rate alone; recognize that the Wellbeing Benefit Option 2 variant trades a longer deferral requirement for a different payout profile; and note the base contract carries a standard cash-value death benefit, not a rolled-up income-base death benefit, so heirs receive account value net of any surrender charge rather than the rider's income base.
Long-surrender contract — the surrender ladder is the full ten years the 'Bonus 10' name implies, with a steep first-year charge that grades down only gradually. The annual free-withdrawal allowance plus the nursing-home and terminal-illness waivers are the only built-in liquidity outlets during that window; this is a long-deferral commitment with real penalty for early exit.
Several index options (S&P 500 Dividend Aristocrats Daily Risk Control 5%, BlackRock Adaptive US Equity 5%, S&P 500 Advantage 15% VT TCA, Nasdaq Premier, NYSE Premier) are proprietary volatility-controlled or excess-shows indexes. Their participation rates can look high in absolute terms but are not directly comparable to an S&P 500 annual cap — evaluate each on its own historical and forward characteristics rather than the participation number alone.

Not ideal for

Buyers who need short-surrender liquidity, plan to walk away with the account value rather than turn on the GLWB rider (the bonus is built into the income base, not a free upgrade to account value), want a no-rider PIV-style built-in income mechanism, expect an enhanced or rolled-up death benefit, or need a plain MYGA-style declared rate — none of those are what this contract is built to deliver.

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All crediting strategies

View rate listings (16 strategies)

These listings show published strategy details and any available rates. Use the filters to narrow by index, term, premium band, or rate type.

Rate unavailable for this rider selection · 1-yr

Fixed Account

Fixed account