American Equity Investment Life Insurance Company has introduced a new indexed annuity product, the AssetShield product.
The contract comes in versions with five-year, seven-year and 10-year terms, according to American Equity.
(Related: Lincoln Adds Indexed Variable Annuity)
The West Des Moines, Iowa-based insurer says the products will give purchasers access to a crediting strategy tied to the performance of the S&P 500 Dividend Aristocrats index.