American Equity Broadens Fixed Annuity Portfolio
March 03 2017 - 12:40PM
Business Wire
-Leading Annuity Provider Announces the
RateShield Series and IncomeShield Lifetime Income Rider-
American Equity Investment Life Insurance Company, a leading
issuer of fixed index annuities, announced the addition of a new
product to its competitive portfolio. The new RateShield fixed
annuity series offers contract owners growth at a guaranteed
interest rate for a guaranteed income source in retirement. All of
the new fixed annuity products are available with an optional
lifetime income rider, the IncomeShield, which helps establish a
lifelong revenue source, available to the contract owner and
spouse.
"Americans are looking for retirement products that offer
predictable results in an unpredictable world," said Ron
Grensteiner, President at American Equity. "That's why we design
products that offer reliable growth for guaranteed income, with the
ability to turn a predictable revenue stream into a lifetime of
income. As American Equity expands its offerings in both the
broker-dealer and independent agent channel, we remain committed to
the superior service and product integrity our contract owners and
agents have come to expect."
RateShield and IncomeShieldThe RateShield
series—available now—offers competitive rates with an option for
seven or 10-year surrender schedules. Each product includes a 10
percent free withdrawal after the first contract year. The
IncomeShield rider is available on all of the products, featuring
8.5 percent simple interest over a 20-year period on the income
account value.
"A guaranteed lifetime income for our contract owners is of
paramount importance to us," said Kirby Wood, Senior Vice President
and Chief Marketing Officer at American Equity. "American Equity
works to provide effective products that help meet the financial
demands associated with long retirements. We want to help our
contract owners to sleep well knowing their hard earned dollars are
safe and their income is secure."
ABOUT AMERICAN EQUITYAmerican Equity Investment Life
Insurance Company® is a full-service underwriter of fixed annuity
and life insurance products with a primary emphasis on the sale of
index and fixed rate annuities. Headquartered in West Des Moines,
Iowa, American Equity Investment Life Insurance Company is
committed to providing products with integrity as well as superior
service to the agents they partner with and their policyholders.
For more information, please visit www.american-equity.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20170303005641/en/
American Equity Investment Life Insurance CompanyHeather
Gierstorf, 515-457-1788Vice President –
Communicationshgierstorf@american-equity.com
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