American Equity Investment Life Insurance Company Announces Transition of National Guard & Fire Fighter Group Insurance to Ar...
September 25 2017 - 4:15PM
Business Wire
American Equity Investment Life Insurance Company (“American
Equity”), a leading provider of fixed index annuities, and Armed
Forces Benefit Association (“AFBA”) today announced that they will
partner to transition American Equity’s National Guard and Fire
Fighter group life insurance coverage to AFBA effective January 1,
2018.
“We are excited to work with AFBA. With its long-standing
commitment to service members and first responders, we are
confident AFBA is the ideal partner as we transition our group life
insurance business,” said John Matovina, Chief Executive Officer of
American Equity. “We have been in the National Guard and Fire
Fighter business since day 1 at American Equity. Supporting those
who serve our country and communities is, and will continue to be,
part of our culture and identity. As our annuity business continues
to grow, we believe our service members and fire fighters will be
well-served by an organization strategically focused on providing
products and services meeting their needs.”
American Equity currently insures over 65,000 National Guard
members and over 13,000 fire fighters serving in 106 locals
throughout the United States. AFBA provides life insurance to over
140,000 National Guard members, retirees and family members and
over 130,000 First Responders, retirees and family members.
General Ralph E. “Ed” Eberhart, USAF (Ret.), Chairman and
President of AFBA, added “For 70 years, AFBA has been committed to
serving those who serve this great nation. Our focus is on
providing life insurance products and services tailored for service
members and first responders. American Equity has been the
pathfinder in serving the citizen Soldiers and Airmen of our nation
and we are honored to work with their National Guard and Fire
Fighter customers to provide excellent life insurance solutions and
service.”
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.
About Armed Forces Benefit AssociationThe Armed Forces
Benefit Association (AFBA) was established in 1947 in the basement
of the Pentagon with the support of the General of the Army, Dwight
D. Eisenhower to ease the strain on military members and their
families who, at the time, could not purchase life insurance that
would pay a death benefit if the member was killed in combat.
Today, headquartered in Alexandria, VA, AFBA continues to honor its
mission, in war and peace, promoting the welfare of its members as
a market leader providing high-quality, affordable life insurance
and other benefits to those who serve this great nation, including
members of the uniformed services, first responders, government
employees, and their families. AFBA has more than 450,000 members
with $36 billion of life insurance in force and has paid nearly $2
billion of claims paid since inception. AFBA products are
underwritten by its affiliate, 5Star Life Insurance Company (a
Baton Rouge, Louisiana domiciled company).
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version on businesswire.com: http://www.businesswire.com/news/home/20170925006379/en/
American Equity Investment Life Insurance Company®Heather
Gierstorf, 515-457-1788Vice President –
Communicationshgierstorf@american-equity.comorAFBA 5StarCynthia
Light, 703-835-6876Senior Vice President,
Marketingclight@afba.com
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