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Fixed Indexed Annuity

American Equity AssetShield 7

American Equity Investment Life Insurance Company

8.75%

Best Cap

10%

Free W/D

50

Jurisdictions

Product data status: May 29, 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.

Live product data

Rates as of May 29, 2026, based on the latest AdvisorWorld scan of CANNEX data.

S&P 500 annual cap rate

8.75% cap on S&P 500

A seven-year-surrender fixed indexed annuity from an A-rated carrier in American Equity's accumulation-focused AssetShield family — no income rider, a broad crediting menu spanning S&P 500, Nasdaq-100, Dow Jones, and several proprietary volatility-controlled indexes, with an optional fee-bearing Performance Rate Rider that lifts caps and participation rates.

1-year termAdvisorWorld + CANNEX data

Best fit

Buyers who want index-linked accumulation with a mid-length seven-year commitment, value a wide menu of cap, participation, and trigger strategies across both recognizable benchmarks and proprietary low-vol indexes, and are comfortable choosing whether to pay an explicit Performance Rate Rider fee in exchange for higher caps and participation rates.

AM Best

A Excellent

Surrender period

7 years

Free withdrawal

10%/yr

Availability

50 jurisdictions (excl. New York)

Featured crediting strategies

Index / strategyRate mechanics

S&P 500

S&P 500 Index

8.75% cap rate

S&P 500

S&P 500 Index

11.25% cap rate

S&P 500

S&P 500 Index

1.9% cap rate

S&P 500

S&P 500 Index

2.9% cap rate

S&P 500

S&P 500 Index

100% participation rate + 4.75% declared rate

S&P 500

S&P 500 Index

40% participation rate

S&P 500

S&P 500 Index

55% participation rate

Nasdaq-100

Nasdaq-100 Index

7.5% cap rate

Nasdaq-100

Nasdaq-100 Index

100% participation rate + 6.5% declared rate

Dow Jones

Dow Jones Industrial Average

7.25% cap rate

Dow Jones

Dow Jones Industrial Average

100% participation rate + 6.25% declared rate

Fixed Account

Fixed Account

3.8% declared rate

+ 17 volatility-controlled index options (S&P 500, BNP Paribas, NYSE Premier...)

Product analyst notes

How to think about this contract

Why it can stand out

  • Surrender term is seven years — a mid-length commitment relative to the ten-year filings that dominate the American Equity AssetShield series and the broader retail FIA shelf, so buyers who want index exposure without locking in a full decade have a same-carrier path.
  • Crediting menu is unusually wide: a recognizable S&P 500 annual point-to-point cap sits alongside cap, participation, and performance-trigger strategies on Nasdaq-100, Dow Jones Industrial Average, and a roster of proprietary volatility-controlled indexes (BNP Paribas Patriot Technology, NYSE Premier, Nasdaq Premier, BlackRock Adaptive US Equity, S&P 500 Dividend Aristocrats DRC 5%, S&P 500 Advantage VT TCA) — buyers can choose between like-for-like comparability and higher-participation alternatives.
  • An optional Performance Rate Rider is available that lifts caps and participation rates on every strategy in exchange for an explicit strategy fee, giving buyers a clear, contract-priced lever to dial up upside without renegotiating the chassis.
  • Free-withdrawal allowance and the full year-by-year surrender ladder are visible on this page, so the schedule of penalty-free liquidity is not gated behind a sales brochure.

What to confirm

  • This contract is not a guaranteed-lifetime-withdrawal product. There is no GLWB income rider in the live feed, and AssetShield is American Equity's accumulation family — buyers who need a contractually guaranteed lifetime payout should be looking at the carrier's IncomeShield series instead, not this filing.
  • The Performance Rate Rider that boosts caps and participation rates is a fee-bearing election — the enhanced numbers it produces are not free upside, and they are not directly comparable to base caps on other carriers' FIAs. Read the rider fee on its own terms before treating the higher rates as the headline.
  • Several of the index options are proprietary, volatility-controlled indexes designed to look attractive under high participation rates. Those participation rates are not directly comparable to an S&P 500 cap — evaluate each strategy on its own merits rather than comparing rate-to-rate across index types.
  • Guaranteed-minimum floors on caps, declared rates, and the fixed account are very low — caps and rates can reset down toward those floors over the seven-year surrender term, and the buyer carries that renewal risk for the full term.

Not ideal for

Buyers who need a contractually guaranteed lifetime withdrawal rate from a GLWB rider, want a built-in Protected Income Value income mechanism, or expect a premium bonus and a death-benefit roll-up — none of those are what this contract delivers, and the AssetShield family is structured for accumulation rather than income.

All crediting strategies

View rate listings (58 rows)

These are the current crediting strategy listings returned for this product. Use the filters to narrow by index, term, premium band, or rate type.

Par: 175% · 1-yr

S&P 500 Dividend Aristocrats Daily Risk Control 5% Index (USD) Excess Return

Performance Rate Rider · participation

7-yr surrender

Par: 140% · 1-yr

BNP Paribas Patriot Technology Index

Performance Rate Rider · participation

7-yr surrender

Par: 100% · 1-yr

S&P 500 Dividend Aristocrats Daily Risk Control 5% Index (USD) Excess Return

participation

7-yr surrender

Par: 100% + Fixed: 8.25% · 1-yr

S&P 500 Advantage 15% VT TCA Index (USD) ER

trigger

7-yr surrender

Par: 100% + Fixed: 4.75% · 1-yr

S&P 500 Index

trigger

7-yr surrender

Par: 100% + Fixed: 6.25% · 1-yr

Dow Jones Industrial Average

trigger

7-yr surrender

Par: 100% + Fixed: 6.5% · 1-yr

Nasdaq-100 Index

trigger

7-yr surrender

Par: 100% + Fixed: 8.25% · 1-yr

Nasdaq Premier Index

trigger

7-yr surrender

Par: 90% · 1-yr

BNP Paribas Patriot Technology Index

participation

7-yr surrender

Par: 75% · 1-yr

NYSE Premier Index

Performance Rate Rider · participation

7-yr surrender

Par: 75% · 1-yr

Nasdaq Premier Index

Performance Rate Rider · participation

7-yr surrender

Par: 75% · 1-yr

S&P 500 Advantage 15% VT TCA Index (USD) ER

Performance Rate Rider · participation

7-yr surrender

Par: 75% · 1-yr

BlackRock Adaptive US Equity 15% Index

Performance Rate Rider · participation

7-yr surrender

Par: 60% · 1-yr

NYSE Premier Index

participation

7-yr surrender

Par: 60% · 1-yr

Nasdaq Premier Index

participation

7-yr surrender

Par: 60% · 1-yr

S&P 500 Advantage 15% VT TCA Index (USD) ER

participation

7-yr surrender

Par: 55% · 1-yr

S&P 500 Index

Performance Rate Rider · participation

7-yr surrender

Par: 45% · 1-yr

BlackRock Adaptive US Equity 15% Index

participation

7-yr surrender

Par: 40% · 1-yr

S&P 500 Index

participation

7-yr surrender

Cap: 11.25% · 1-yr

S&P 500 Index

Performance Rate Rider · cap

7-yr surrender

Cap: 11% · 1-yr

NYSE Premier Index

cap

7-yr surrender

Cap: 11% · 1-yr

Nasdaq Premier Index

cap

7-yr surrender

Cap: 11% · 1-yr

S&P 500 Advantage 15% VT TCA Index (USD) ER

cap

7-yr surrender

Cap: 8.75% · 1-yr

S&P 500 Index

cap

7-yr surrender

Cap: 7.5% · 1-yr

Nasdaq-100 Index

cap

7-yr surrender

Cap: 7.25% · 1-yr

Dow Jones Industrial Average

cap

7-yr surrender

Fixed: 3.8% · 1-yr

Fixed Account

fixed

7-yr surrender

Cap: 2.9% · 1-yr

S&P 500 Index

Monthly Point to Point with Performance Rate Rider · monthly_sum_cap

7-yr surrender

Cap: 1.9% · 1-yr

S&P 500 Index

Monthly Point to Point · monthly_sum_cap

7-yr surrender

Par: 175% · 1-yr

S&P 500 Dividend Aristocrats Daily Risk Control 5% Index (USD) Excess Return

Performance Rate Rider

Par: 140% · 1-yr

BNP Paribas Patriot Technology Index

Performance Rate Rider

Par: 100% · 1-yr

S&P 500 Dividend Aristocrats Daily Risk Control 5% Index (USD) Excess Return

Par: 100% + Fixed: 8.25% · 1-yr

S&P 500 Advantage 15% VT TCA Index (USD) ER

Par: 100% + Fixed: 4.75% · 1-yr

S&P 500 Index

Par: 100% + Fixed: 6.25% · 1-yr

Dow Jones Industrial Average

Par: 100% + Fixed: 6.5% · 1-yr

Nasdaq-100 Index

Par: 100% + Fixed: 8.25% · 1-yr

Nasdaq Premier Index

Par: 90% · 1-yr

BNP Paribas Patriot Technology Index

Par: 75% · 1-yr

NYSE Premier Index

Performance Rate Rider

Par: 75% · 1-yr

Nasdaq Premier Index

Performance Rate Rider

Par: 75% · 1-yr

S&P 500 Advantage 15% VT TCA Index (USD) ER

Performance Rate Rider

Par: 75% · 1-yr

BlackRock Adaptive US Equity 15% Index

Performance Rate Rider

Par: 60% · 1-yr

NYSE Premier Index

Par: 60% · 1-yr

Nasdaq Premier Index

Par: 60% · 1-yr

S&P 500 Advantage 15% VT TCA Index (USD) ER

Par: 55% · 1-yr

S&P 500 Index

Performance Rate Rider

Par: 45% · 1-yr

BlackRock Adaptive US Equity 15% Index

Par: 40% · 1-yr

S&P 500 Index

Cap: 11.25% · 1-yr

S&P 500 Index

Performance Rate Rider

Cap: 11% · 1-yr

NYSE Premier Index

Cap: 11% · 1-yr

Nasdaq Premier Index

Cap: 11% · 1-yr

S&P 500 Advantage 15% VT TCA Index (USD) ER

Cap: 8.75% · 1-yr

S&P 500 Index

Cap: 7.5% · 1-yr

Nasdaq-100 Index

Cap: 7.25% · 1-yr

Dow Jones Industrial Average

Fixed: 3.8% · 1-yr

Fixed Account

Cap: 2.9% · 1-yr

S&P 500 Index

Monthly Point to Point with Performance Rate Rider

Cap: 1.9% · 1-yr

S&P 500 Index

Monthly Point to Point

Income riders

Accumulation-focused — no income rider

This contract is designed for tax-deferred accumulation, not guaranteed lifetime income. No GLWB rider was returned because none is part of the contract design — compare against other accumulation FIAs on cap, participation rate, and surrender terms rather than lifetime income.

Key Features

Free withdrawal

10%/yr

Annual amount that may be available without surrender charges, subject to contract terms.

Surrender waivers

3

Bail out provisions, Nursing home waiver, Terminal illness waiver

Death benefit

Standard Death Benefit

Beneficiary value depends on contract terms, withdrawals, and rider elections.

Strategy guarantee

Minimum guaranteed cap: 0.50%

Strategy guarantee

Minimum guaranteed declared rate: 1.00%

Strategy guarantee

Guaranteed minimum interest rate (fixed): 0.50%

Annuitization options

Single and joint

Contract conversion options should be confirmed before purchase.

Fund types

Non-qualified, Qualified

Availability can vary by state and product terms.

Surrender schedule

Yr 1

9.2%

Yr 2

9%

Yr 3

8%

Yr 4

7%

Yr 5

6%

Yr 6

4%

Yr 7

2%

After

0%

Nursing home waiver, Terminal illness waiver, Surrender waivers

Documents

product guide

American Equity AssetShield 7 Sales Brochure.pdf

Confidence: highReviewed Apr 1, 2026

Direct link not published — request the document from the carrier.

Carrier Ratings

AM BestA
S&PA
S&PA

Contract notes from product data

Crediting design

How the interest-crediting choices are framed

American Equity AssetShield 7 currently shows 29 distinct indexed or fixed crediting choices across 58 current rate listings, including S&P 500 Index, with 15 volatility-controlled index options grouped separately. These choices matter because caps, participation rates, fixed accounts, spreads, and renewal terms are different mechanics and should not be ranked as one simple rate list.

  • S&P 500 Index: 8.75% cap
  • S&P 500 Index: 11.25% cap
  • S&P 500 Index: 1.9% cap

Liquidity terms

Why access rules deserve as much attention as rates

A fixed indexed annuity can preserve more control than an income-only contract, but access is still governed by the surrender schedule, free-withdrawal terms, and waiver language. Those details are where many product comparisons become more meaningful than a simple rate list.

  • 10%/yr free withdrawal
  • 7 surrender years
  • Nursing home waiver
  • Terminal illness waiver

Verification note

Use carrier materials as term evidence, then confirm the current version

Carrier materials such as American Equity AssetShield 7 Sales Brochure.pdf help explain the contract language behind the data on this page; the latest document activity we see is Apr 8, 2026. For the current brochure, rate sheet, or specimen contract, confirm the state-specific version with the carrier or a licensed financial professional.

  • Rates and rider terms can vary by state and issue age
  • Carrier guarantees depend on claims-paying ability
  • Current contract forms should be confirmed before purchase

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