Effective January 3, 2017, the commission rate on American Equity’s Foundation Gold will be adjusted. The street-level commission rate will be reduced by 30 bps, which is less than a 5% change. Other companies within the industry made a similar commission rate reduction in the third quarter of 2016. The Foundation Gold commission Option A will still be 50 bps above the industry average for comparable products.
American Equity offers one of the highest premium bonuses in the industry on a 10-year product where the bonus is not contingent upon the purchase of special riders or features. In order to maintain this product for your clients, American Equity made this decision to make a slight reduction in the commission rate.
The new commission payout will be applied to Foundation Gold applications received January 3, 2017 and after. Applications received by 1:00 p.m. CST on December 30, 2016 will receive the current rate. No exceptions.
We appreciate your business.
Please call DFS Marketing at 855-740-3140 for more information.
For agent use only.