American Equity is an investment Holding Company, or a retirement planning firm that offers annuities.
American Equity is based in America and-run financial services corporation. Its headquarters are located in West Des Moines, Iowa. They have authority of annuity sales licenses for all 50 states of the USA and the District of Columbia.
More than 500,000 people (contract owners) are being supported by this company across the United States.
Purpose of American Equity:
With solid retirement planning and the creation of a stable source of lifelong income, they are aiming to secure a financially independent future today. They take your finances seriously since you are a dedicated worker.
They try to offer reliable American equity annuity solutions that guarantee their customers financial strength, solid investment strategies, and award-winning customer service at American Equity.
They put a lot of time and immense effort to build and maintain a quality of life that works for you and your family. Moreover, an annuity insures your personal money in the same way that you insure your residence, healthcare, and car.
Brief Detail about American Equity:
American Equity was created in 1995 by David J. Noble. It is based on two ideologies: excellent customer assistance and output authenticity. By the end 2020, American Equity had accumulated $53.91 billion in debt through its owned companies.
Initially the company began with limited staff and has now expanded to over hundreds of employees and agents.
Overview of American Equity
Here’s the quick overview of the company:
- Funds: $57.64 billion
- Liabilities are $53.91 billion as of December 31, 2020
- Employees: 650+
- Employees engage in Red Shirt Fridays and celebrate soldiers through multiple activities
- There are 26,000 active agents
- Owners of 500,000 Contracts
- American-owned and operated
- Dedicated to providing back to the community, involving financial support and volunteer hours for a variety of causes.
American Equity Annuities
American Equity believes strongly in its one-on-one approach to marketing financial security annuities.
“We seek to offer secure annuity products supported by our business’s financial stability, value investing processes, and award-winning service,” the company says on their website.
The company offers:
- Fixed indexed annuities
- Fixed annuities
- Immediate annuities
Have a look at what these annuities have.
● Fixed Indexed Annuities
Fixed indexed annuities offer premium protection as well as the possibility for development. Earnings are determined by a stock index like S&P 500. They offers a variety of fixed indexed annuity products, including:
- Bonus Gold
- Retirement Gold
- Fixed Annuities
- AssetShield 5
- AssetShield 7
- AssetShield 10
- IncomeShield 7
- IncomeShield 10
Fixed annuities are intended to deliver a steady source of income with a fixed interest rate. At the start of the contract, this rate is decided. The Guarantee and GuaranteeShield Series are two products offered in this type.
Fixed annuities and fixed indexed annuities both build tax-deferred unless you start receiving payments. Even though the stock market falls, your profit can never go below zero.
● Immediate Annuities
Immediate annuities payout in regular installments for the rest of your life or for a set time period.
The services provided by American Equity are referred to as “sleep insurance.” Policyholders might feel much safer with guaranteed annuity income rather than experiencing restless nights worried about their retirement.
Single Immediate Annuity from American Equity provides profit within 12 months of the agreement’s start date.
The benefits of annuities are:
- Income that is assured
- Escape from probate
- The most crucial safeguard
- The tax-deferred growth
In conclusion, Fixed annuities are safe investments for those who wish to put money down for retirement and have a stable monthly income. Furthermore, Fixed annuities have greater fees than mutual funds, but their returns are guaranteed.