WEST DES MOINES, Iowa--(BUSINESS WIRE)--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 IncomeShield
The 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 EQUITY
American 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.