American Equity Annuities: Everything You Need to Know

Shawn Plummer, CRPC

Chartered Retirement Planning Counselor

If you are looking for a safe and reliable way to save for retirement, you may want to consider investing in an American Equity annuity. These annuities offer various features and benefits that can help you secure your financial future. In this guide, we will discuss the different types of American Equity annuities and the pros and cons of each. We will also provide some helpful tips on choosing the right annuity for your needs.

About American Equity Investment Life Insurance Company

American Equity Investment Life Insurance Company is a leading provider of fixed index annuities. The company was founded in 1995 and is headquartered in West Des Moines, Iowa. American Equity has over $56.42 billion in assets and over two million annuity contracts.

American Equity Life is rated A- (Excellent) by A.M. Best Company, A- with S&P and A- with Fitch.

Types Of American Equity Annuities

There are two main types of American Equity annuities: fixed annuities and fixed-indexed annuities. Fixed annuities offer a guaranteed rate of return on your investment. In contrast, fixed-indexed annuities offer a rate of return that is linked to the performance of a stock market index. Both annuities have advantages and disadvantages, so it is important to consider your options carefully before deciding.

Additionally, American Equity offers a single-premium immediate annuity.

The Pros and Cons of American Equity Annuities

There are both pros and cons to investing in American Equity annuities. Some of the main advantages of these annuities include:

  • Guaranteed income for life: One of the biggest benefits of annuities is that they offer a guaranteed income stream for as long as you live. This can be especially helpful in retirement, when you may no longer have a regular paycheck.
  • Flexible withdrawal options: You can choose how and when to withdraw your money with most annuities. This allows you to tailor your withdrawals to fit your needs and goals.
  • Potential for higher returns: If you invest in a fixed indexed annuity, you can earn a higher rate of return than you would with a traditional savings account.
  • Consistent Renewal Rates: Caps and participation rates can change each year with most annuity companies. American Equity is known for its consistent renewals and consistent returns.
  • Excellent Customer Service: American Equity has an excellent reputation for customer service. Their representatives are always available to answer any questions about your account.

Some of the main disadvantages of American Equity annuities include:

  • High fees: Some American Equity annuities charge a high fee for more upside potential than most fixed-indexed annuities, but you pay for what you get.
  • Fixed Annuity Rates Are Low: The rates on fixed annuities have been low for a while and may not offer as much potential growth as other investment options.
  • Restrictions on withdrawals: With some annuities, you may only be able to withdraw a certain amount of money each year without incurring a penalty.
  • Financial Strength Rating: A.M Best rates American Equity as A- (Excellent), which is good but not the highest rating possible.

American Equity Annuity Plans Of Past And Present

Tips for Choosing the Right American Equity Annuity

If you are considering investing in an American Equity annuity, you should keep a few things in mind. First, ensure you understand the different types of annuities and how they work. Next, consider your specific financial goals and needs to see if an annuity is right for you. Finally, compare different annuities to find the one that offers the best combination of features and benefits.

American Equity annuities can be a great way to secure your financial future. However, it is important to carefully consider your options before deciding. Use the tips above to help you choose the right American Equity annuity for your needs.

American Equity Client Login

If you are an American Equity client, you can log in to your account at https://client.american-equity.com/Login/login. Enter your username and password to access your account information. If you have any trouble logging in, please get in touch with customer service for assistance.

The American Equity phone number is (888) 221-1234.

American Equity Agent Login

If you are an American Equity agent, you can log in to your account at https://agent.american-equity.com/. Enter your username and password to access your account information. If you have any trouble logging in, please get in touch with customer service for assistance.

As an American Equity annuity holder, you can view your account information online 24/hours a day. Simply

Conclusion

Some pros of investing in American Equity annuities include the potential for guaranteed income for life, flexible withdrawal options, and higher returns. However, some cons of these annuities include high fees, complex products, and withdrawal restrictions. When deciding whether or not to invest in an American Equity annuity, carefully consider your specific financial goals and needs. Additionally, compare different annuities to find the one that offers the best combination of features and benefits. Request a quote below for more details.

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Shawn Plummer, CRPC

Chartered Retirement Planning Counselor

Shawn Plummer is a Chartered Retirement Planning Counselor, insurance agent, and annuity broker with over 14 years of first-hand experience with annuities and insurance. Since beginning his journey in 2009, he has been pivotal in selling and educating about annuities and insurance products. Still, he has also played an instrumental role in training financial advisors for a prestigious Fortune Global 500 insurance company, Allianz. His insights and expertise have made him a sought-after voice in the industry, leading to features in renowned publications such as Time Magazine, Bloomberg, Entrepreneur, Yahoo! Finance, MSN, SmartAsset, The Simple Dollar, U.S. News and World Report, Women’s Health Magazine, and many more. Shawn’s driving ambition? To simplify retirement planning, he ensures his clients understand their choices and secure the best insurance coverage at unbeatable rates.

The Annuity Expert is an independent online insurance agency servicing consumers across the United States. The goal is to help you take the guesswork out of retirement planning and find the best insurance coverage at the cheapest rates

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