Profile: American Equity Investment Life Holding Co (AEL)
17 Jul 2019
American Equity Investment Life Holding Company, incorporated on December 18, 1997, is engaged in the development and sale of fixed index and fixed rate annuity products. The Company issues fixed annuity and life insurance products through its life insurance subsidiaries, American Equity Investment Life Insurance Company (American Equity Life), American Equity Investment Life Insurance Company of New York and Eagle Life Insurance Company (Eagle Life). The Company's target market includes the group of individuals aged 45 to 75 seeking to accumulate tax-deferred savings or create guaranteed lifetime income. The Company distributes through a range of distribution channels, including independent agents, broker/dealers, banks and registered investment advisors. The Company's product types include fixed index annuities, annual reset fixed rate annuities, multi-year fixed rate annuities and single premium immediate annuities.
The Company's life insurance products include traditional ordinary and term, universal life and other interest-sensitive life insurance products. Fixed index annuities allow policyholders to earn index credits based on the performance of a particular index without the risk of loss of their principal. Fixed rate deferred annuities include annual reset and multi-year rate guaranteed products.
The Company competes with Allianz Life Insurance Company of North America, Security Benefit Life, Great American Life Insurance Company, AIG Companies, Athene USA Corp and Midland National Life Insurance Company.
American Equity Investment Life Holding Co
6000 Westown Pkwy
WEST DES MOINES IA 50266-7711