August 5, 2022

Effective today: Increased bonus AND crediting rates!

EstateShield 10 now delivers more payout potential!

1. Increased Benefits Account Value Bonus
The Benefits Account Value (BAV) Bonus is increased to 30%.

2. Increased crediting rates
Crediting rates increased for all strategies, including our fixed interest strategy and our one- and two-year index linked strategies.

3. Increased payout factors
We simplified the age bands for our payout factors, and many of our single and joint payout factors increased.*

Pending contracts issued August 5, 2022 or after will be issued with the updated EstateShield 10 BAV bonus, crediting rates and payout factors. We encourage everyone to begin using the new disclosures today; applications with old disclosures will not be accepted after August 20, 2022.

*Due to larger age bands, payout factors for select ages decreased.

Rates effective: 8/5/2022

Below are rates for the EstateShield 10 fixed index annuity and Lifetime Income Benefit Rider (LIBR).

EstateShield 10 Fixed Index Annuity		CURRENT RATES	NEW RATES
INTEREST CREDITING METHOD	BofA Destinations Index^TM Annual Pt to Pt w/ PR	45.00%	85.00%
	BofA Destinations Index^TM 2-Year Pt to Pt w/ PR	65.00%	125.00%
	CS Tech Edge Annual Pt to Pt w/ PR	45.00%	90.00%
	CS Tech Edge 2-Year Pt to Pt w/ PR	65.00%	135.00%
	SG Global Sentiment Annual Pt to Pt w/ PR	45.00%	85.00%
	SG Global Sentiment 2-Year Pt to Pt w/ PR	65.00%	120.00%
	S&P 500® Dividend Aristocrats® Daily Risk Control 5% ER Index Annual Pt to Pt w/ Cap	2.25%	3.75%
	S&P 500® Dividend Aristocrats® Daily Risk Control 5% ER Index 2-Year Pt to Pt w/ Cap	5.50%	7.50%
	S&P 500® Annual Pt to Pt w/ Cap	1.75%	3.50%
	S&P 500® 2-Year Pt to Pt w/ Cap	4.00%	7.25%
	S&P 500® Monthly Pt to Pt w/ Cap	1.00%	1.60%
	Fixed Value Rate	1.00%	2.00%

LIBR with Wellbeing Benefit and Enhanced Death Benefit option
Benefits Account Value Bonus: 30% Benefits Account Value Multiplier: 150% Enhanced Death Benefit option based on Benefits Account Value*	Payout Factors by Age
	Age	Single Payout	Joint Payout
	50-59	4.50%	4.00%
	60-69	5.00%	4.50%
	70-79	5.50%	5.00%
	80+	6.00%	5.50%

For Agent Information Only. Not for use in solicitation or advertising to the public.

*The enhanced death benefit is limited to the greater of: 125% of the surrender value provided under the base contract; and premiums received (minus any withdrawals including withdrawal charges) accumulated at 10% annual effective rate; not to exceed 250% of all premiums received (minus any withdrawals including withdrawal charges). Additional payment option details can be found in the contract.

Rates not guaranteed and subject to change. Annuity contracts and riders issued under form series for EstateShield Series: ICC21 BASE-IDX-MSP, ICC20 MSP-10, 21 MSP-10, ICC20 E-MPTP-C, ICC20 E-PTP-C, ICC20 E-PTP-PR, ICC16 R-MVA, ICC21 R-LIBR-W-BAV, ICC20 R-EBR and state variations thereof. Product and availability may vary by state.

Lifetime Income Benefit Rider payments are available after a waiting period of 10 years. Benefits Account Value is only used to calculate income payments and/or the enhanced death benefit amount. It is not part of the underlying Contract Value and is not available for partial withdrawal or in a lump sum.

The BofA Destinations Index™ (the “Index”) has been created and is owned by BofA Securities, Inc. and its Affiliates (collectively, “BofAS”) and the Index has been licensed to American Equity Investment Life Insurance Company (“American Equity”). Neither American Equity nor any fixed index annuity (“Product”) is sponsored, operated, endorsed, sold or promoted by BofAS. Obligations to make payments under any Products are solely the obligation of American Equity pursuant to the term of the contract between American Equity and a purchaser, and are not the responsibility of BofAS. BofAS indices and related information, the name “BofAS”, and related trademarks, are intellectual property licensed from BofAS, and may not be copied, used, or distributed without BofAS’ prior written approval. The Products have not been passed on as to their legality or suitability, and are not regulated, issued, endorsed, sold, guaranteed, or promoted by BofAS. BOFAS MAKES NO WARRANTIES AND BEARS NO LIABILITY WITH RESPECT TO THE INDICES, ANY RELATED INFORMATION, ITS TRADEMARKS, OR THE PRODUCT(S) (INCLUDING WITHOUT LIMITATION, THEIR QUALITY, ACCURACY, SUITABILITY AND/OR COMPLETENESS).

The Credit Suisse Tech Edge Index (“the Index”) and “Credit Suisse”, and any trademarks, service marks and logos related thereto are service marks of Credit Suisse Group AG, Credit Suisse International, or one of their affiliates (collectively, “Credit Suisse”). Credit Suisse has no relationship to American Equity Investment Life Insurance Company (“American Equity”), other than certain hedging arrangements and the licensing of the Index and its service marks for use in connection with the [Product] (“the Product”) and is not a party to any transaction contemplated hereby. Credit Suisse shall not be liable for the results obtained by using, investing in, or trading the Product. Credit Suisse has not published or approved this document and accepts no responsibility for its contents or use. Obligations to make payments under the Product are solely the obligation of American Equity and are not the responsibility of Credit Suisse.

The truVol ® Risk Control Engine is a service mark of Salt Financial Indices LLC, and has been licensed for use by Credit Suisse. This Product is not sponsored, endorsed, sold or promoted by Salt Financial Indices LLC. Nor does Salt Financial Indices LLC make any representation regarding the advisability of investing in the Product.

The SG Global Sentiment Index (the “Index”) is the exclusive property of SG Americas Securities, LLC (SG Americas Securities, LLC, together with its affiliates, “Société Générale”). Société Générale has contracted with S&P Opco, LLC (a subsidiary of S&P Dow Jones Indices LLC (“S&P”) to maintain and calculate the Index. “SG Americas Securities, LLC”, “SGAS”, “Société Générale”, “SG”, “Société Générale Indices”, “SGI”, and “SG Global Sentiment Index” (collectively, the “Société Générale Marks”) are trademarks or service marks of Société Générale. Société Générale has licensed use of the Index and the Société Générale Marks to American Equity Investment Life Insurance Company (“American Equity”) for use in a fixed indexed annuity offered by American Equity (the “Fixed Indexed Annuity”). Société Générale’s sole contractual relationship with American Equity is to license the Index and the Société Générale Marks to American Equity.

None of Société Générale, S&P, or other third party licensor (collectively, the “Index Parties”) to Société Générale is acting, or has been authorized to act, as an agent of American Equity or has in any way sponsored, promoted, solicited, negotiated, endorsed, offered, sold, issued, supported, structured or priced any Fixed Indexed Annuity or provided investment advice to American Equity, and no Index Party makes any representation whatsoever as to the advisability of purchasing, selling or holding any product linked to the Index, including the Fixed Indexed Annuity. No Index Party shall have any liability with respect to the Fixed Indexed Annuity in which an interest crediting option is based on the Index, and is not liable for any loss relating to the Fixed Indexed Annuity, whether arising directly or indirectly from the use of the Index, its methodology, any Société Générale Mark, or otherwise. Obligations to make payments under the Fixed Indexed Annuities are solely the obligation of American Equity. The selection of the Index as a crediting option under a Fixed Indexed Annuity does not obligate American Equity or Société Générale to invest annuity payments in the components of the Index.

In calculating the performance of the Index, Société Générale deducts a maintenance fee of 0.50% per annum on the level of the Index, and fixed transaction and replication costs, each calculated and deducted on a daily basis. The transaction and replication costs cover, among other things, rebalancing and replication costs. The total amount of transaction and replication costs is not predictable and will depend on a number of factors, including the leverage of the Index, which may be as high as 200%, the performance of the indexes underlying the Index, market conditions and the changes in the market states, among other factors. The transaction and replication costs, which are increased by the Index’s leverage, and the maintenance fee will reduce the potential positive change in the Index and increase the potential negative change in the Index. While the volatility control applied by the Index may result in less fluctuation in rates of return as compared to indices without volatility controls, it may also reduce the overall rate of return as compared to products not subject to volatility controls.

The “S&P 500® and/or Dow Jones®” is a product of S&P Dow Jones Indices LLC (“SPDJI”), and has been licensed for use by American Equity Investment Life Insurance Company (“AEL”). Standard & Poor’s® and S&P® are registered trademarks of Standard & Poor’s Financial Services LLC (“S&P”); Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”). These trademarks have been licensed to SPDJI and sublicensed for certain purposes by AEL. AEL’s products are not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, S&P, or their respective affiliates, and such parties make no representations regarding the advisability of investing in such product(s) and have no liability for any errors, omissions, or interruptions of the S&P and/or Dow Jones.