Through its headquarters in Des Moines, Iowa, American Equity Investment Life Holding Company and its subsidiaries specialize in the sale of fixed index and fixed-rate annuities. In fact, American Equity Life Insurance Company’s mission is “to become the premier insurance company specializing in retirement savings and income products.”
For nearly 25 years, this company has provided quality wealth accumulation and protection products, as well as retirement income generating vehicles. Today, the company has 500,000 active contract owners, and assets in excess of $53.7 billion.
American Equity is licensed to offer its products in all 50 of the U.S. states, as well as the District of Columbia. The company is considered to be strong and stable financially, and because of that it has earned an A- (Excellent) rating from A.M. Best (as of June 2018) and an A- (Strong) from Standard & Poor’s.
American Equity Investment Life offers a variety of annuities, including:
Traditional fixed annuities can help you to add balance to your retirement portfolio, particularly in uncertain times. These annuities provide you with a fixed interest rate that is determined when you purchase the annuity. So, regardless of what happens in the stock market, you can still count on a certain amount of growth in your account.
The Guarantee Series of fixed annuities from American Equity Investment Life offers several options to choose from in terms of guaranteed rate periods. Here you can lock in a rate guarantee for 5, 6, or 7 years.
For more information on the fixed annuities offered through American Equity, you can check out the updated product brochure HERE.
Fixed index annuities also offer principal protection in any type of market, while at the same time giving you the opportunity to grow your account value based on an underlying market index (or multiple market indices), such as the S&P 500, the S&P 500 Dividend Aristocrats Daily Risk Control 5% Index, the Down Jones Industrial Average, and / or the 10-Year U.S. Treasury Bond.
American Equity offers several fixed index annuities, including the:
- AssetShield 5
- AssetShield 7
- AssetShield 10
- IncomeShield 7
- IncomeShield 10
- Bonus Gold
- Retirement Gold
- Foundation Gold
- Choice 6
- Choice 8
- Choice 10
For more details on these annuities, you can go HERE. You can also read our in-depth annuity reviews on these products that can be found in our Annuity Gator Review Database.
If you need income now, as versus later, you may want to consider an immediate annuity from American Equity. With an immediate annuity, income will begin right away, or within 6-12 months after you purchase it.
Oftentimes, money from an IRA, 401(k), or other retirement plans can be rolled over into an immediate annuity for the purpose of converting it to an income stream. The amount of income that is generated will depend upon the amount of your deposit, the income payout option that you choose, and your age at the time you purchase the annuity.
How to Determine If an Annuity Company May Be Right for You?
There are a lot of insurance companies in the marketplace today, and they all want to earn your business. They’ll oftentimes try to lure in customers with happy-faced glossy product brochures, and a website that boasts about how much coverage they have in force.
But none of that really matters if their annuity offerings don’t match up with your financial objectives. That’s where having an independent annuity research team on your side can come in, and can help you to narrow down the right company – and the right annuity – for your specific needs.
At Annuity Gator, our mission is to provide consumers with in-depth annuity information, without a lot of fluff, so that you can decide whether an annuity is right for you, and if so, which one!
If you’re interested in comparing annuities at no cost or obligation, please feel free to reach out to us directly by phone at (888) 440-2468, or via our secure online contact form here to set up a time to speak to one of our experts.
The Annuity Gator.
P.S If you would like to read more of our American Equity annuity reviews here are some links to check out:
- American Equity Foundation Gold Annuity with Income Rider LIBR 6%
- American Equity Bonus Gold Annuity with LIBR – [November 2018 Update]
- American Equity Choice 10 Fixed Index Annuity
- American Equity Foundation Gold Fixed Index Annuity
- American Equity Investment Life RateShield 10+ Fixed Annuity with IncomeShield Rider
- American Equity 7 MYGA Annuity
- American Equity Guarantee 6 MYGA Annuity
- American Equity Guarantee 5 MYGA Annuity
- American Equity Life Insurance Company IncomeShield 10 Fixed Indexed Annuity
- American Equity Investment Life Insurance Company IncomeShield 7 Fixed Indexed Annuity
- American Equity Investment Life Insurance Company’s RateShield 7 Fixed Annuity