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American Equity Life Insurance Review and Rating

Researcher & Writer
May 25, 2018

Pros for American Equity

American Equity Investment Life Insurance Company has an interesting program they like to call “Sleep Insurance.” It works by offering policy holders regular payouts—during their lifetime—in order to supplement income. By using conservative investments, the company has set itself apart as a reliable choice. Every year American Equity issues many fixed index annuities.

Cons for American Equity

American Equity is a solid choice for annuities. However, it is but one of many companies. Before making that final choice on the right company for you, make sure you have weighed all your options. The best way to do that is to call an agency that works with many of the top life insurance companies in the U.S., including the best no medical exam life insurance companies.

About American Equity Investment Life Holding Company

American Equity has an interesting story. The founder, David Noble, worked in the insurance industry for decades. He retired for a whole three days before he realized the insurance business was in his blood. He knew what insurance customers faced on a regular basis, and set out to solve those issues. His goal was simply to offer great customer service and a great life insurance product.

Although the company is a little more than twenty years older, American Equity has grown substantially. There are now more than 30,000 agents working for American Equity, and the company has roughly $36 Billion in assets.

American Equity Product Offering

  • Traditional Fixed Annuity
  • Single Premium Annuity
  • Immediate Annuity
  • Fixed Indexed Annuity
  • Flexible Premium Annuity

Annuities can be beneficial for those with a focus on estate planning with life insurance. For others, one of the different types of life insurance policies might be a better fit.

Eagle Life Insurance Company

Under the American Equity banner is one of the company's subsidiaries, Eagle Life Insurance Company, A.M. Best Company rating A-, excellent. Eagle Life offers both traditional fixed annuities and fixed indexed annuities.

Traditional Fixed Annuity Products:

The company offers 3 different multi year rate guaranteed (MYGA) annuities with a minimum premium payment of $10,000. Traditional Fixed Annuities earn a guaranteed interest rate declared by the company for a specified time. The interest rate can never be below the guaranteed minimum agreed to at the policy's beginning.

  • Eagle Platinum (MYGA) 5 Year
  • Eagle Platinum (MYGA) 6 Year
  • Eagle Platinum (MYGA) 7 Year

Fixed Indexed Annuity Products:

Fixed indexed annuities are similar to indexed universal life insurance in that the interest earned is tied to an external indices, such as the S&P 500.

You can choose from several policy options, including riders such as a confinement care rider and terminal illness rider. Both riders are included at no cost and allow you to withdraw 100% of your money with no penalties if you qualify.

Eagle Life offers 4 fixed indexed annuities:

  • Eagle Advisory 8
  • Eagle Select 6
  • Eagle Select 8
  • Eagle Select 10

American Equity’s Ratings

There are many prominent rating agencies that take a deep look at the financial strength of institutions such as life insurance companies. These ratings can help life insurance seekers understand the quality and reliability of a life insurance company before purchasing a policy. One of the most well-known ratings agencies is A.M. Best.

A.M. Best gives American Equity an A- or “Excellent” rating. The rating scale used by A.M. Best includes 15 rating categories, of which an A- is the fourth highest. This top-notch rating assures us that American Equity offers a quality product and the company has a strong outlook for the future. Your carrier should be strong and reliable until the time you die (and your life insurance beneficiaries cash in on your policy). With this strong of rating we feel American Equity is a solid choice.

Other ratings for American Equity Investment Life Insurance Company:

  • Standard & Poor’s: A- (Stable)
  • Fitch: A- (stable outlook)

Final Thoughts on American Equity

As we stated, American Equity has been in the insurance game for quite some time. It continues to grow, and many people have purchased life insurance policies through American Equity and been more than satisfied. When you choose American Equity, you are making a good choice—but are you making the best choice? For many, the answer is yes. For some, another life insurance company may be more appropriate.

Is American Equity right for me?

Now you’re probably asking, “Well, is American Equity Investment Life Insurance Company right for me?” To find the answer is a little tricky. Not all life insurance companies will weigh each variable the same. Sometimes, a life insurance company may see diabetes as a big concern, whereas another life insurance company may think if you have diabetes, but no major incidents, then it’s not a big deal. Because there are so many variables, and each life insurance company looks at those variables differently, truly knowing which life insurance company is right for you will take expert analysis.

That’s where TermLife2Go steps in. We gather all the necessary data, and then we use our extensive knowledge of dozens of the top life insurance companies in the United States—including American Equity—and then we give you custom recommendations based on our findings.

We may recommend American Equity…but we may not.

So, what are you waiting for?  Give us a call today or visit our Life Insurance Quotes page and see what we can do for you!

Written by
We are a team of life insurance experts with the simple mission of helping you find the best coverage for your unique situation. We research, review, and rank life insurance companies to make that process easier.