American Equity Has Increased The MGSV-MGIR

American Equity is thrilled to share that they recently increased the Minimum Guaranteed Surrender Value-Minimum Guaranteed Interest Rate (MGSV-MGIR)* across all of their products, including the Shield Suite of fixed index annuities. This increased rate provides even more protection for your clients by bolstering the minimum guaranteed surrender value on American Equity contracts. 

How It Works

Let’s look at a hypothetical example* where a client purchases a Shield Suite fixed index annuity with a $100,000 premium. Our annuity contracts' Minimum Guaranteed Surrender Value is 87.50% of all premiums - that means, assuming no withdrawals are made, the contract’s cash surrender value will never be less than $87,500.  

Each year the contract is in force, the minimum guaranteed surrender value goes up by the MGSV-MGIR, which is 2.95%, and applies to the MGSV only. As you can see below, at the end of 10 years, assuming no withdrawals, the contract’s MGSV cannot be less than $117,023.

*Hypothetical example used for illustrative purposes only.

The minimum guaranteed surrender value on a $100,000 premium in a Shield Suite product will be $117,023 at the end of 10 years. 

Share the good news of this Minimum Guaranteed Surrender Value with your clients. 

If you have any questions, call us today at 866-568-9649!