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American Equity Investment Life Reviews and Customer 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.

"Run Forest Run "
Commented on 2012-04-02 18:31:43 EST
"I own an indexed annuity. When I have requested a withdrawal they do everything in their power to stall and not send me my money. Their customer service center has the rudest employees. When you ask them a question and they dont know the answer they promise to return the call and they never do. They think my money is theirs and no longer mine."
Commented on 2011-12-12 09:11:47 EST
"Great Company! They have always done a great job with me and been very courteous. I have an income rider with them. The first year I giot a 10% bonus and have earned 8% the last three years on my incoemn value. I am 65 and at age 72 I will have more than doubled my money to help supplement my income! I have never lost a dime either. The product is an indexed annuity and it is an awesome retirement product. A far as gettibng my money. If i go into a nursing home or get termianlly ill I get all my money back plus I get 10% a year of my money if I need it. "
Commented on 2010-12-14 09:37:57 EST
"Finally a company that gives me a predictable retirement income. "
Commented on 2010-11-04 16:41:51 EST
"I am a CPA in NJ, my client was solicited this Index Annuity...my advice to buyers is the same as lighting fireworks...set on ground light fuse and runaway...The sales person refused to speak to me on the merits of the product and on the proposal he gave my client...stay away from this type of sales practice and always have a tax professional review any type of investemnt you purchase"
Commented on 2010-01-29 09:50:21 EST
"the fixed indexed annuities are smoke & mirror scams"
Commented on 2009-11-30 18:49:05 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."
Commented on 2009-09-16 02:16:06 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!"
Commented on 2009-09-14 11:17:35 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."
Commented on 2009-04-10 09:37:02 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. "
Commented on 2009-03-09 07:47:38 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!!"
Commented on 2009-02-24 22:14:36 EST
"Company changes payout policy without notice and in their favor. Considering a lawsuit. Do yourself a favor - stay away!"
Commented on 2009-01-29 13:07:12 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..."
Commented on 2009-01-29 08:25:48 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?"
Commented on 2009-01-28 20:45:23 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! "
Commented on 2009-01-28 20:09:16 EST
"Seems to be a steady player"
Commented on 2009-01-12 11:42:33 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. "
Commented on 2008-11-01 03:16:40 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)."
Commented on 2008-10-26 09:15:42 EST
"Indexed annuities are as bad as the 60 Minutes segment says they are and American Equity Investment Life Insurance Company is awful."
Commented on 2008-10-23 13:03:42 EST
"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! "
Commented on 2007-06-25 13:35:56 EST
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