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Review: American Equity Investment Life |
Comments
These are comments left by site visitors who have completed a survey for this company. The comments are unedited and shown in the order the surveys were received. If you would like to participate, just click the "Take a Survey" button at the end of these comments. |
"I was sent the agent after what I think was an AARP senior meeting on finance. I showed him my total finances not realizing he was there to sell me whatever he could get. He was very nice. To get out of this company once you are in is very costly. Never would I do this again! "
2007-06-25 14:35:56 EST
"AGENT WANTS ME TO BUY AN ANNUITY FOR $50,000
CLAIMS i WOULD AVERAGE 10% AND GIVE ME 10%
UP FRONT JUST FOR TAKING POLICY OUT."
2008-05-20 20:46:38 EST
"Indexed annuities are as bad as the 60 Minutes segment says they are and American Equity Investment Life Insurance Company is awful."
2008-10-23 14:03:42 EST
"I responded "Definitely not" to q. 5 because I am 79 and my contract with American Equity is an annuity that will not mature for more years than I anticipate being here. My penalty free annual withdrawal covers my larger expenditures (auto insurance, home insurance)."
2008-10-26 10:15:42 EST
"My policy is a fixed annuity with withdrawal provisions. I have exercized this provision three times and each time it has been a problem. The Company deliberately drags out the process delaying your getting the money excessively. I would never recommend this Company to anyone due to this and some other problems with thier policies. "
2008-11-01 04:16:40 EST
"Seems to be a steady player"
2009-01-12 12:42:33 EST
"I have had an annuity with American Equity for just over a year. Recently, I had a family emergency. I contacted my agent and he was able to get half of my money without any cost to me. My account also did not lose any money this past year. I am so happy I got out of the stock market! "
2009-01-28 21:09:16 EST
"I have heard a lot of negatives about annuities. They are less liquid than cd's or stocks, but much safer. Many people I know have lost 40% of their ira because it was in either stock or a variable annuity. A fixed annuity will not lose pricipal. I have gained while others have lost and I can still get 10% of my money per year without penalty. I will not run out of money. Will you?"
2009-01-28 21:45:23 EST
"I have had the policies for 6 years and have excercised the withdrawal option 2 times with much consternation. I am 81 now and want to do more and can't get to my money without a huge penalty for another 10 years. I don't think I will be able to do the things I want to do now in 10nyears. Shame on the company and the agent who sold it to me - who I have not seen in 6 years..."
2009-01-29 09:25:48 EST
"Company changes payout policy without notice and in their favor. Considering a lawsuit. Do yourself a favor - stay away!"
2009-01-29 14:07:12 EST
"Do not buy an annuity from this company! When they quote 3% minimum return per year on your annuity - they don't mean 3% EVERY YEAR. If they earn more than First year I earned 10% (because of agent's large commisiion which I paid for) Second and third year - I EARNED ZERO - because that 10% covered 3 and one third years at 3% per year. Even reading the fine print doesn't protect you - you'd need a lawyer.
I cashed it in after 3 years and paid a 15% surrender fee which is not tas deductible. BUT I have to pay tax on the 10% interest I drew out. BEWARE!!"
2009-02-24 23:14:36 EST
"I am very happy with my American Equity Annuity. Despite many efforts to malign this company and its agents, I have had no problems making withdrawals, ect.. While the stock market has tanked, I have not lost a nickle. No doubt my money is tied up for many years (17), but I knew that when I purchased the policy. I have a very good agent and if we are to complain about anything, it should be about wall street and all their shenanigans. "
2009-03-09 08:47:38 EST
"In these bad times I have not lost a dime. My returns during good years were excellent and during bad years I didn't make alot but I didn't lose ANYTHING. Compare that to my market accounts where I lost 40%. Great company and great customer service."
2009-04-10 10:37:02 EST
"This company does NOT respect its clients! It releases confidential information on clients without their consent and changes agents on a whim. If you value your personal information or your client/agent relationship, do NOT do business or risk your money with them!"
2009-09-14 12:17:35 EST
"I have not lost a dime with my annuity while the stock market continues to ebb and flow on a whim. My agent explained the product thoroughly and the surrender charges make sense that the company protects my principal and provides a lifetime income without worry. I could not be happier, I just wish I could have found American Equity before I lost 58% of my money these past 3 years."
2009-09-16 03:16:06 EST
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