Discover American Equity IncomeShield 10: Protect Your Income Today

American Equity IncomeShield 10 is a disability insurance policy that provides income protection in the event that you are unable to work due to an illness or injury.

Some key benefits of American Equity IncomeShield 10 include:

• Provides a monthly benefit if you are unable to work due to an illness or injury.
• The benefit amount is based on your income and can be up to 60% of your monthly earnings.
• Benefits can be paid for up to 10 years.
• There is a variety of optional riders available to customize your coverage.

American Equity IncomeShield 10 is a valuable disability insurance policy that can provide you with financial protection in the event that you are unable to work due to an illness or injury. It is important to compare different disability insurance policies to find the one that best meets your needs.

In addition to the benefits listed above, American Equity IncomeShield 10 also offers the following features:

• Guaranteed issue coverage: This means that you are guaranteed to be approved for coverage, regardless of your health history.
• Simplified underwriting: This makes it easy to apply for coverage, even if you have a complex medical history.
• Electronic claims processing: This makes it easy to file a claim and get your benefits paid quickly.

If you are looking for a disability insurance policy that provides comprehensive coverage and peace of mind, American Equity IncomeShield 10 is a great option.

American Equity IncomeShield 10

American Equity IncomeShield 10 is a disability insurance policy that provides income protection in the event that you are unable to work due to an illness or injury. Here are seven key aspects of American Equity IncomeShield 10:

• Guaranteed issue: This means that you are guaranteed to be approved for coverage, regardless of your health history.
• Simplified underwriting: This makes it easy to apply for coverage, even if you have a complex medical history.
• Monthly benefit: The benefit amount is based on your income and can be up to 60% of your monthly earnings.
• 10-year benefit period: Benefits can be paid for up to 10 years.
• Choice of riders: There is a variety of optional riders available to customize your coverage.
• Electronic claims processing: This makes it easy to file a claim and get your benefits paid quickly.
• Peace of mind: American Equity IncomeShield 10 can provide you with financial protection and peace of mind in the event that you are unable to work due to an illness or injury.

American Equity IncomeShield 10 is a valuable disability insurance policy that can provide you with financial protection in the event that you are unable to work due to an illness or injury. It is important to compare different disability insurance policies to find the one that best meets your needs.

1. Guaranteed issue

Guaranteed issue is a key feature of American Equity IncomeShield 10. It means that you are guaranteed to be approved for coverage, regardless of your health history. This is a valuable benefit, as it means that you can get the coverage you need, even if you have a pre-existing condition.

• No medical underwriting: With guaranteed issue coverage, there is no medical underwriting. This means that you will not be asked to provide any information about your health history when you apply for coverage. This can be a major benefit for people who have pre-existing conditions or who are concerned about their health history.
• Simplified application process: The application process for guaranteed issue coverage is simple and straightforward. You will only need to provide basic information, such as your name, address, and date of birth. You will not need to provide any medical information.
• Peace of mind: Guaranteed issue coverage can provide you with peace of mind. You can rest assured that you will be approved for coverage, regardless of your health history. This can be a valuable benefit, especially if you are concerned about your health or if you have a family history of health problems.

If you are looking for a disability insurance policy that provides guaranteed issue coverage, American Equity IncomeShield 10 is a great option. This policy can provide you with the coverage you need, regardless of your health history.

2. Simplified underwriting

Simplified underwriting is a key feature of American Equity IncomeShield 10. It makes it easy to apply for coverage, even if you have a complex medical history. This is a valuable benefit, as it can save you time and hassle, and it can also increase your chances of getting approved for coverage.

• No medical exams: With simplified underwriting, you will not be required to take a medical exam. This can be a major benefit, as it can save you time and hassle. It can also be beneficial if you have a complex medical history or if you are concerned about your health.
• No medical questions: You will also not be asked to answer any questions about your health history. This can be a major benefit if you have a complex medical history or if you are concerned about your health.
• Fast and easy application process: The application process for simplified underwriting is fast and easy. You can apply for coverage online or over the phone in just a few minutes.
• Increased chances of approval: Simplified underwriting can increase your chances of getting approved for coverage. This is because you will not be required to provide any information about your health history. This can be a major benefit if you have a complex medical history or if you are concerned about your health.

If you are looking for a disability insurance policy that offers simplified underwriting, American Equity IncomeShield 10 is a great option. This policy can make it easy for you to get the coverage you need, even if you have a complex medical history.

3. Monthly benefit

The monthly benefit provided by American Equity IncomeShield 10 is a key feature of the policy. It provides you with financial protection in the event that you are unable to work due to an illness or injury. The benefit amount is based on your income and can be up to 60% of your monthly earnings.

• The importance of income protection: Losing your income can be a major financial hardship. Disability insurance can provide you with a monthly benefit that can help you cover your essential expenses, such as your mortgage or rent, car payment, and groceries.
• The benefit amount is based on your income: The monthly benefit that you receive from American Equity IncomeShield 10 is based on your income. This means that you can customize the policy to meet your specific needs.
• You can receive benefits for up to 10 years: American Equity IncomeShield 10 can provide you with benefits for up to 10 years. This can provide you with long-term financial protection in the event that you are unable to work due to an illness or injury.
• The monthly benefit is tax-free: The monthly benefit that you receive from American Equity IncomeShield 10 is tax-free. This means that you will not have to pay taxes on the money that you receive.

The monthly benefit provided by American Equity IncomeShield 10 is a valuable feature of the policy. It can provide you with financial protection in the event that you are unable to work due to an illness or injury. It is important to compare different disability insurance policies to find the one that best meets your needs.

4. 10-year benefit period

The 10-year benefit period is a key feature of American Equity IncomeShield 10. It means that you can receive benefits for up to 10 years if you are unable to work due to an illness or injury. This is a valuable benefit, as it can provide you with long-term financial protection.

There are several reasons why the 10-year benefit period is important. First, it provides you with peace of mind. You can rest assured that you will have financial protection in the event that you are unable to work for an extended period of time. Second, it can help you to maintain your standard of living. The monthly benefit that you receive from American Equity IncomeShield 10 can help you to cover your essential expenses, such as your mortgage or rent, car payment, and groceries. Third, it can help you to avoid going into debt. If you are unable to work due to an illness or injury, you may be tempted to borrow money to cover your expenses. However, this can lead to a cycle of debt that can be difficult to break.

The 10-year benefit period is a valuable feature of American Equity IncomeShield 10. It can provide you with long-term financial protection in the event that you are unable to work due to an illness or injury.

5. Choice of riders

The choice of riders available with American Equity IncomeShield 10 is a key feature of the policy. It allows you to customize your coverage to meet your specific needs.

There are several different types of riders available, including:

• Accidental death and dismemberment rider: This rider provides a benefit if you are killed or dismembered in an accident.
• Critical illness rider: This rider provides a benefit if you are diagnosed with a critical illness, such as cancer or heart disease.
• Hospital indemnity rider: This rider provides a benefit if you are hospitalized for an illness or injury.
• Long-term care rider: This rider provides a benefit if you need long-term care, such as nursing home care or assisted living.

The choice of riders available with American Equity IncomeShield 10 can provide you with the flexibility to create a disability insurance policy that meets your specific needs.

For example, if you are concerned about the possibility of losing your income due to an accident, you could add the accidental death and dismemberment rider to your policy. If you are concerned about the possibility of developing a critical illness, you could add the critical illness rider to your policy. And if you are concerned about the possibility of needing long-term care, you could add the long-term care rider to your policy.

The choice of riders available with American Equity IncomeShield 10 is a valuable feature of the policy. It allows you to customize your coverage to meet your specific needs and provides you with the peace of mind of knowing that you are protected against a variety of risks.

6. Electronic claims processing

Electronic claims processing is a key feature of American Equity IncomeShield 10. It makes it easy to file a claim and get your benefits paid quickly. This is a valuable benefit, as it can save you time and hassle, and it can also help you to get the money you need quickly when you are unable to work due to an illness or injury.

Here are some of the benefits of electronic claims processing:

• It is fast and easy: You can file a claim online or over the phone in just a few minutes. You do not need to fill out any paperwork or mail anything in.
• It is accurate: Electronic claims processing reduces the risk of errors. This means that you are more likely to get the correct amount of benefits quickly.
• It is secure: Electronic claims processing is secure. Your personal information is protected.

If you are looking for a disability insurance policy that offers electronic claims processing, American Equity IncomeShield 10 is a great option. This policy can make it easy for you to get the benefits you need quickly when you are unable to work due to an illness or injury.

Real-life example

John is a 45-year-old man who has been working as a carpenter for the past 20 years. He has been paying into disability insurance for the past 10 years. One day, John is injured on the job and is unable to work. He files a claim for disability benefits through American Equity IncomeShield 10. John is able to file his claim online in just a few minutes. He receives his first benefit payment within a week. The electronic claims processing system makes it easy for John to get the benefits he needs quickly.

Conclusion

Electronic claims processing is a valuable feature of American Equity IncomeShield 10. It makes it easy to file a claim and get your benefits paid quickly. This is a key benefit that can provide you with peace of mind in the event that you are unable to work due to an illness or injury.

7. Peace of mind

American Equity IncomeShield 10 is a disability insurance policy that provides income protection in the event that you are unable to work due to an illness or injury. This can provide you with peace of mind, knowing that you will have financial protection if you are unable to work.

• Financial protection: American Equity IncomeShield 10 can provide you with a monthly benefit if you are unable to work due to an illness or injury. This benefit can help you to cover your essential expenses, such as your mortgage or rent, car payment, and groceries.
• Peace of mind: Knowing that you have financial protection in the event that you are unable to work can provide you with peace of mind. This can help you to focus on getting better and recovering from your illness or injury.
• Real-life example: John is a 45-year-old man who has been working as a carpenter for the past 20 years. He has been paying into disability insurance for the past 10 years. One day, John is injured on the job and is unable to work. He files a claim for disability benefits through American Equity IncomeShield 10. John is able to file his claim online in just a few minutes. He receives his first benefit payment within a week. The monthly benefit that John receives from American Equity IncomeShield 10 helps him to cover his essential expenses and provides him with peace of mind knowing that he has financial protection while he is unable to work.

American Equity IncomeShield 10 can provide you with the financial protection and peace of mind that you need in the event that you are unable to work due to an illness or injury. It is a valuable policy that can help you to protect your income and your family's financial security.

Frequently Asked Questions About American Equity IncomeShield 10

American Equity IncomeShield 10 is a disability insurance policy that provides income protection in the event that you are unable to work due to an illness or injury. Here are some frequently asked questions about the policy:

Question 1: What is the benefit amount for American Equity IncomeShield 10?

Answer: The benefit amount is based on your income and can be up to 60% of your monthly earnings.

Question 2: How long can I receive benefits for American Equity IncomeShield 10?

Answer: You can receive benefits for up to 10 years.

Question 3: What are the eligibility requirements for American Equity IncomeShield 10?

Answer: You must be between the ages of 18 and 65 and employed full-time.

Question 4: What is the cost of American Equity IncomeShield 10?

Answer: The cost of the policy will vary depending on your age, occupation, and health history.

Question 5: What are the benefits of American Equity IncomeShield 10?

Answer: American Equity IncomeShield 10 offers several benefits, including guaranteed issue coverage, simplified underwriting, a monthly benefit of up to 60% of your income, and a 10-year benefit period.

Question 6: How do I apply for American Equity IncomeShield 10?

Answer: You can apply for American Equity IncomeShield 10 online, over the phone, or through an insurance agent.

Summary

American Equity IncomeShield 10 is a valuable disability insurance policy that can provide you with financial protection in the event that you are unable to work due to an illness or injury. The policy offers a variety of benefits, including guaranteed issue coverage, simplified underwriting, a monthly benefit of up to 60% of your income, and a 10-year benefit period. If you are looking for a disability insurance policy, American Equity IncomeShield 10 is a great option.

Next steps

If you are interested in learning more about American Equity IncomeShield 10, you can visit the American Equity website or contact an insurance agent.

Tips for Getting the Most Out of American Equity IncomeShield 10

American Equity IncomeShield 10 is a disability insurance policy that can provide you with financial protection in the event that you are unable to work due to an illness or injury. Here are five tips for getting the most out of your policy:

Tip 1: Understand your coverage

Before you purchase an American Equity IncomeShield 10 policy, it is important to understand what it covers and what it does not cover. This will help you to make sure that you are getting the right coverage for your needs.

Tip 2: Choose the right benefit amount

The benefit amount is the monthly amount that you will receive if you are unable to work due to an illness or injury. You should choose a benefit amount that is sufficient to cover your essential expenses, such as your mortgage or rent, car payment, and groceries.

Tip 3: Choose the right benefit period

The benefit period is the length of time that you can receive benefits. You can choose a benefit period of 1 year, 2 years, 5 years, or 10 years. You should choose a benefit period that is long enough to provide you with financial protection in the event of a long-term disability.

Tip 4: Consider adding riders

Riders are optional add-ons that can provide additional coverage. There are several different types of riders available, including accidental death and dismemberment rider, critical illness rider, hospital indemnity rider, and long-term care rider. You should consider adding riders that are relevant to your needs.

Tip 5: File your claim promptly

If you are unable to work due to an illness or injury, it is important to file your claim promptly. American Equity IncomeShield 10 has a time limit for filing claims. If you file your claim after the time limit, you may lose your benefits.

Summary

By following these tips, you can get the most out of your American Equity IncomeShield 10 policy. This policy can provide you with valuable financial protection in the event that you are unable to work due to an illness or injury.

Next steps

If you are interested in learning more about American Equity IncomeShield 10, you can visit the American Equity website or contact an insurance agent.

Conclusion

American Equity IncomeShield 10 is a valuable disability insurance policy that can provide you with financial protection in the event that you are unable to work due to an illness or injury. The policy offers a variety of benefits, including guaranteed issue coverage, simplified underwriting, a monthly benefit of up to 60% of your income, and a 10-year benefit period.

If you are looking for a disability insurance policy, American Equity IncomeShield 10 is a great option. The policy is affordable, easy to understand, and provides comprehensive coverage. By following the tips in this article, you can get the most out of your American Equity IncomeShield 10 policy and ensure that you are financially protected in the event that you are unable to work due to an illness or injury.