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Fixed Indexed Annuity

American Equity AssetShield 9

American Equity Investment Life Insurance Company

9.25%

Best Cap

10%

Free W/D

California

Only state

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 28, 2026, based on the latest AdvisorWorld scan of CANNEX data.

S&P 500 annual cap rate

9.25% cap on S&P 500

A nine-year-surrender fixed indexed annuity from an A-rated carrier, accumulation-focused with no income rider — a broad crediting menu spanning S&P 500, Nasdaq-100, and Dow Jones caps, participation strategies, trigger strategies, and proprietary volatility-controlled indexes.

1-year termAdvisorWorld + CANNEX data

Best fit

Buyers who want index-linked accumulation across recognizable benchmark caps plus optional participation, trigger, and proprietary volatility-controlled alternatives, can commit to a nine-year surrender window, and do not need a contractually guaranteed lifetime-income rider built into the contract.

AM Best

A Excellent

Surrender period

9 years

Free withdrawal

10%/yr

Availability

California only

Featured crediting strategies

Index / strategyRate mechanics

S&P 500

S&P 500 Index

9.25% cap rate

S&P 500

S&P 500 Index

2% cap rate

S&P 500

S&P 500 Index

11.75% cap rate

S&P 500

S&P 500 Index

3.2% cap rate

S&P 500

S&P 500 Index

100% participation rate + 5.75% 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

7.25% cap rate

Nasdaq-100

Nasdaq-100 Index

100% participation rate + 6.25% declared rate

Dow Jones

Dow Jones Industrial Average

7% cap rate

Dow Jones

Dow Jones Industrial Average

100% participation rate + 6% declared rate

Fixed Account

Fixed Account

3.8% declared rate

+ 32 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

  • Crediting menu is unusually broad — recognizable benchmark indexes (S&P 500, Nasdaq-100, Dow Jones Industrial Average) appear alongside proprietary volatility-controlled options, and the strategy types span annual point-to-point caps, participation rates, trigger (declared-rate) strategies, and two-year point-to-point — giving the buyer real choice between like-for-like cap comparison and higher-participation alternatives.
  • Trigger strategies pay a fixed declared rate whenever the underlying index finishes the term flat or up, which is a structurally different payoff profile from a cap and can be useful in sideways markets — many FIAs do not offer one at all.
  • Carrier financial-strength is rated by more than one agency (A.M. Best and S&P both rate the carrier), so the strength view is not a single-source read.
  • Free-withdrawal allowance and the full 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 lifetime-income product. There is no GLWB income rider and no Protected Income Value mechanism — the only riders are surrender-charge waivers (nursing home, terminal illness, bail-out). Do not compare its lifetime payout side-by-side with a rider-led income FIA or a PIV chassis.
  • A subset of strategies (cap and participation versions on several indexes) is enhanced via a Performance Rate Rider that imposes an allocation charge. The higher caps and higher participation rates those strategies quote are fee-bearing — they are not directly comparable to a base cap on the same index, and the charge erodes the headline number over time.
  • Surrender term runs the full nine years with a steep front-loaded charge — a meaningful liquidity commitment. Buyers who may need access to principal inside the surrender window should weigh the full surrender ladder, not just the free-withdrawal allowance.
  • Several of the indexes on the menu (e.g. BNP Paribas Patriot Technology, BlackRock Adaptive US Equity 15%) are proprietary and volatility-controlled. Participation rates on these strategies look high in absolute terms but are not directly comparable to an S&P 500 cap — evaluate each strategy on its own merits.

Not ideal for

Buyers who need a guaranteed lifetime withdrawal rate from a GLWB rider, built-in income through a Protected Income Value mechanism, a shorter surrender commitment, or a death-benefit roll-up beyond the standard death-benefit terms — none of those are what this contract is built to deliver.

All crediting strategies

View rate listings (88 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: 185% · 1-yr

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

Performance Rate Rider · participation

9-yr surrender

Par: 140% · 1-yr

BNP Paribas Patriot Technology Index

Performance Rate Rider · participation

9-yr surrender

Par: 100% · 1-yr

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

participation

9-yr surrender

Par: 100% + Fixed: 8.25% · 1-yr

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

trigger

9-yr surrender

Par: 100% + Fixed: 5.75% · 1-yr

S&P 500 Index

trigger

9-yr surrender

Par: 100% + Fixed: 6% · 1-yr

Dow Jones Industrial Average

trigger

9-yr surrender

Par: 100% + Fixed: 6.25% · 1-yr

Nasdaq-100 Index

trigger

9-yr surrender

Par: 100% + Fixed: 8.25% · 1-yr

Nasdaq Premier Index

trigger

9-yr surrender

Par: 90% · 1-yr

BNP Paribas Patriot Technology Index

participation

9-yr surrender

Par: 80% · 1-yr

NYSE Premier Index

Performance Rate Rider · participation

9-yr surrender

Par: 80% · 1-yr

Nasdaq Premier Index

Performance Rate Rider · participation

9-yr surrender

Par: 80% · 1-yr

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

Performance Rate Rider · participation

9-yr surrender

Par: 75% · 1-yr

BlackRock Adaptive US Equity 15% Index

Performance Rate Rider · participation

9-yr surrender

Par: 60% · 1-yr

NYSE Premier Index

participation

9-yr surrender

Par: 60% · 1-yr

Nasdaq Premier Index

participation

9-yr surrender

Par: 60% · 1-yr

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

participation

9-yr surrender

Par: 55% · 1-yr

S&P 500 Index

Performance Rate Rider · participation

9-yr surrender

Par: 45% · 1-yr

BlackRock Adaptive US Equity 15% Index

participation

9-yr surrender

Par: 40% · 1-yr

S&P 500 Index

participation

9-yr surrender

Cap: 11.75% · 1-yr

S&P 500 Index

Performance Rate Rider · cap

9-yr surrender

Cap: 11% · 1-yr

NYSE Premier Index

cap

9-yr surrender

Cap: 11% · 1-yr

Nasdaq Premier Index

cap

9-yr surrender

Cap: 11% · 1-yr

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

cap

9-yr surrender

Cap: 9.25% · 1-yr

S&P 500 Index

cap

9-yr surrender

Cap: 7.25% · 1-yr

Nasdaq-100 Index

cap

9-yr surrender

Cap: 7% · 1-yr

Dow Jones Industrial Average

cap

9-yr surrender

Fixed: 3.8% · 1-yr

Fixed Account

fixed

9-yr surrender

Cap: 3.2% · 1-yr

S&P 500 Index

Monthly Point to Point with Performance Rate Rider · monthly_sum_cap

9-yr surrender

Cap: 2% · 1-yr

S&P 500 Index

Monthly Point to Point · monthly_sum_cap

9-yr surrender

Par: 300% · 2-yr

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

Performance Rate Rider · participation

9-yr surrender

Par: 190% · 2-yr

BNP Paribas Patriot Technology Index

Performance Rate Rider · participation

9-yr surrender

Par: 180% · 2-yr

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

participation

9-yr surrender

Par: 125% · 2-yr

BNP Paribas Patriot Technology Index

participation

9-yr surrender

Par: 115% · 2-yr

NYSE Premier Index

Performance Rate Rider · participation

9-yr surrender

Par: 115% · 2-yr

Nasdaq Premier Index

Performance Rate Rider · participation

9-yr surrender

Par: 115% · 2-yr

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

Performance Rate Rider · participation

9-yr surrender

Par: 90% · 2-yr

BlackRock Adaptive US Equity 15% Index

Performance Rate Rider · participation

9-yr surrender

Par: 85% · 2-yr

NYSE Premier Index

participation

9-yr surrender

Par: 85% · 2-yr

Nasdaq Premier Index

participation

9-yr surrender

Par: 85% · 2-yr

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

participation

9-yr surrender

Par: 60% · 2-yr

BlackRock Adaptive US Equity 15% Index

participation

9-yr surrender

Cap: 35% · 2-yr

NYSE Premier Index

cap

9-yr surrender

Cap: 35% · 2-yr

Nasdaq Premier Index

cap

9-yr surrender

Cap: 35% · 2-yr

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

cap

9-yr surrender

Par: 185% · 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: 5.75% · 1-yr

S&P 500 Index

Par: 100% + Fixed: 6% · 1-yr

Dow Jones Industrial Average

Par: 100% + Fixed: 6.25% · 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: 80% · 1-yr

NYSE Premier Index

Performance Rate Rider

Par: 80% · 1-yr

Nasdaq Premier Index

Performance Rate Rider

Par: 80% · 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: 11.75% · 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: 9.25% · 1-yr

S&P 500 Index

Cap: 7.25% · 1-yr

Nasdaq-100 Index

Cap: 7% · 1-yr

Dow Jones Industrial Average

Fixed: 3.8% · 1-yr

Fixed Account

Cap: 3.2% · 1-yr

S&P 500 Index

Monthly Point to Point with Performance Rate Rider

Cap: 2% · 1-yr

S&P 500 Index

Monthly Point to Point

Par: 300% · 2-yr

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

Performance Rate Rider

Par: 190% · 2-yr

BNP Paribas Patriot Technology Index

Performance Rate Rider

Par: 180% · 2-yr

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

Par: 125% · 2-yr

BNP Paribas Patriot Technology Index

Par: 115% · 2-yr

NYSE Premier Index

Performance Rate Rider

Par: 115% · 2-yr

Nasdaq Premier Index

Performance Rate Rider

Par: 115% · 2-yr

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

Performance Rate Rider

Par: 90% · 2-yr

BlackRock Adaptive US Equity 15% Index

Performance Rate Rider

Par: 85% · 2-yr

NYSE Premier Index

Par: 85% · 2-yr

Nasdaq Premier Index

Par: 85% · 2-yr

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

Par: 60% · 2-yr

BlackRock Adaptive US Equity 15% Index

Cap: 35% · 2-yr

NYSE Premier Index

Cap: 35% · 2-yr

Nasdaq Premier Index

Cap: 35% · 2-yr

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

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

8.3%

Yr 2

8.25%

Yr 3

7.25%

Yr 4

6.25%

Yr 5

5.2%

Yr 6

4.2%

Yr 7

3.15%

Yr 8

2.1%

Yr 9

1%

After

0%

Nursing home waiver, Terminal illness waiver, Surrender waivers

Documents

product guide

American Equity AssetShield 9 Sales Brochure - CA-2.pdf

Confidence: highReviewed Apr 1, 2026

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

product guide

American Equity AssetShield 9 Sales Brochure - CA.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 9 currently shows 44 distinct indexed or fixed crediting choices across 88 current rate listings, including S&P 500 Index, with 28 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: 9.25% cap
  • S&P 500 Index: 2% cap
  • S&P 500 Index: 11.75% 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
  • 9 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 9 Sales Brochure - CA-2.pdf and American Equity AssetShield 9 Sales Brochure - CA.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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