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DATE: | May 27, 2015 | TO: | American Equity NMOs and Agents | FROM: | Jessica Kilker, Vice President — Marketing Services | RE: | Rate Change Effective June 5, 2015 |
Rate Adjustments Effective June 5, 2015 American Equity's Choice Series rates will change on June 5, 2015. We are happy to announce that rates are increasing on the Fixed Interest Value. In addition, the Asset Fee on the Volatility Control Index is decreasing. However, it was necessary to reduce the Participation Rate on the Choice 10 Annual Point to Point only. Please see the grids below for new crediting rates. To receive the current rate on the Choice 10 Annual Point to Point with Participation Rate, original applications along with cash or 1035/Direct Transfer paperwork must be received in our office by 4:45PM CT on Thursday, June 4, 2015. Transfer funds must be received in our office by 4:45PM CT on Thursday, July 2, 2015. Transfer funds received after Thursday, July 2, 2015 will receive the new rates indicated below. NO EXCEPTIONS! Choice 10 (ICC14 IDX8-10)* | CURRENT RATES | NEW RATES | INTEREST CREDITING METHODS | Fixed Value | 1.95% | 2.25% | Annual PTP - cap | 5.00% | NO CHANGE | Annual PTP - PR | 50% | 45% | Monthly PTP - cap | 2.00% | NO CHANGE | Volatility Control Index w/Asset Fee | 1.25% | 1.00% |
Choice 8 (ICC14 IDX8-8)* | CURRENT RATES | NEW RATES | INTEREST CREDITING METHODS | Fixed Value | 1.75% | 2.05% | Annual PTP - cap | 4.75% | NO CHANGE | Annual PTP - PR | 40% | NO CHANGE | Monthly PTP - cap | 1.90% | NO CHANGE | Volatility Control Index w/Asset Fee | 1.50% | 1.25% |
Choice 6 (ICC14 IDX8-6)* | CURRENT RATES | NEW RATES | INTEREST CREDITING METHODS | Fixed Value | 1.60% | 1.90% | Annual PTP - cap | 4.50% | NO CHANGE | Annual PTP - PR | 35% | NO CHANGE | Monthly PTP - cap | 1.80% | NO CHANGE | Volatility Control Index w/Asset Fee | 1.75% | 1.50% |
*May vary by state.
Rate Change Memo — Choice Series | 05/27/2015 |
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