Who owns American Equity insurance Company?
Who owns American Equity insurance Company?
Who owns American Equity insurance Company?
American Equity Investment Life Holding CompanyAmerican Equity Investment Life Insurance Company / Parent organization
Who is American Equity?
American Equity was founded in 1995 by David J. Noble, an insurance executive with more than 60 years in the industry. Today, it has over 650 employees, 26,000 active agents, and 500,000 contract owners, funding over half a million retirements across the country.
Is American Equity investments a good company to invest in?
American Equity Investment received an A- (Excellent) financial strength rating from AM Best.
Who bought out American Equity?
Brookfield Asset Management Reinsurance Partners
The retirement insurer announced Jan. 3 that it was selling about 6% of the publicly traded company to Brookfield Asset Management Reinsurance Partners for about $252 million. The transaction gives Brookfield, a Canadian investment company, a 16% stake in American Equity.
What is the rating of American Equity?
Rating effective 8/5/15, affirmed 8/20/2021. Fitch Ratings assigned American Equity Investment Life Insurance Company an Insurer Financial Strength rating of “A-” (Outlook Negative). Fitch Ratings utilizes 19 rating categories ranging from “AAA” to “C.” An “A-” rating is the seventh highest rating.
Is American Equity FDIC insured?
Guarantees are based on the financial strength and claims paying ability of American Equity and are not guaranteed by any bank or insured by the FDIC. American Equity Investment Life Insurance Company® does not offer legal, investment, or tax advice.
How big is American Equity?
From its humble beginnings of just three employees, American Equity has grown to encompass three life insurance companies with over 600 employees, more than 20,000 agents and over 500,000 contract owners around the country.
How long has American Equity been in business?
American Equity was founded in 1995 with the simple promise of providing sound annuities for retirement while offering superior customer service.
Why annuities are a poor investment choice?
Reasons Why Annuities Make Poor Investment Choices Annuities are long-term contracts with penalties if cashed in too early. Income annuities require you to lose control over your investment. Some annuities earn little to no interest. Guaranteed income can not keep up with inflation in certain types of annuities.
How does an FIA work?
An FIA is a fixed annuity that, according to the Insured Retirement Institute’s report, credits a minimum guaranteed rate of interest over a fixed number of years, plus additional interest that may be credited based on the percentage change in the value of a broad market index.