American Equity Guarantee 5 is a single-premium, multi-year annuity product with a 6-year guaranteed interest rate, a 6-year surrender charge duration, and a provision for Market Value Adjustment (MVA).

Guaranteed Rates

With the Guarantee 6 from American Equity, a fixed interest rate (currently 2.65%) is credited to your contract in year one, and is guaranteed by the company for a total of 6 years.

Once the Guarantee Period for your annuity ends, you can either choose to renew your contract for another guaranteed interest duration. Assuming you take this course of action, the company sets a new interest rate based on existing market conditions. American Equity however guarantees that this rate will never be less than 1%. If you do not intend to renew your annuity for a new guaranteed interest period, there are several other options available to you within a 30-day window. To start with, you could make partial withdrawals then renew the remaining value for a new guaranteed interest period. Alternatively, you could surrender your annuity for its Contract Value.