American Equity Investment Life Insurance Review & Ratings (2024)
Discover in-depth American Equity Investment Life Insurance review, ratings, and customer satisfaction. Learn about their history, mission, and offerings, including the cost of their services, the states they operate in, and available discounts. Explore the different types of life insurance products they offer. Trust American Equity Investment Life Insurance to protect your future and achieve your financial goals.
Read moreMichael Vereecke
Commercial Lines Coverage Specialist
Michael Vereecke is the president of Customers First Insurance Group. He has been a licensed insurance agent for over 13 years. He also carries a Commercial Lines Coverage Specialist (CLCS) Designation, providing him the expertise to spot holes in businesses’ coverage. Since 2009, he has worked with many insurance providers, giving him unique insight into the insurance market, differences in ...
Commercial Lines Coverage Specialist
UPDATED: Sep 13, 2024
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Editorial Guidelines: We are a free online resource for anyone interested in learning more about insurance. Our goal is to be an objective, third-party resource for everything insurance related. We update our site regularly, and all content is reviewed by insurance experts.
UPDATED: Sep 13, 2024
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident insurance decisions. Comparison shopping should be easy. We are not affiliated with any one insurance company and cannot guarantee quotes from any single insurance company.
Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different insurance companies please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.
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American Equity Investment Life Insurance Company
Average Monthly Rate For Good Drivers
N/AA.M. Best Rating:
A-Complaint Level:
LowPros
- Competitive Pricing
- Wide Range of Products
- Nationwide Availability
- Discounts and Promotions
- Positive Customer Feedback
Cons
- Lack of Transparency in Pricing
- Complexity of Products
- Limited Information on Average Annual Rates
- Mixed Customer Reviews
- Subject to Change
American Equity Investment Life Insurance is a well-established company that offers a wide range of life insurance products and services to customers in the United States. The company’s competitive pricing and discounts make it a great choice for many individuals and families looking to protect themselves and their loved ones.
While customer reviews are generally positive, there are some areas for improvement, such as transparency in pricing and ease of understanding of products and services. Overall, American Equity Investment Life Insurance is a good choice for those looking for quality coverage at an affordable price.
What You Should Know About American Equity Investment Life Insurance Company
Welcome to our comprehensive review of American Equity Investment Life Insurance. We will delve into various aspects of American Equity Investment Life Insurance, including its history, mission, and offerings. We’ll cover the cost of their services, the states they operate in, available discounts, and the different types of life insurance products they offer, such as term, whole, and universal life insurance, as well as annuities.
We’ll also explore customer reviews to provide insights into the company’s strengths and weaknesses. To make an informed decision and find the best rates for your insurance needs, simply enter your zip code below and compare quotes from top insurance providers. Protect your future with American Equity Investment Life Insurance and secure the coverage that suits you best.
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History and Mission of American Equity Life Insurance
Sure, American Equity Investment Life Insurance is an insurance company that was established in 1989. The company is headquartered in West Des Moines, Iowa, and has been providing life insurance coverage to customers in the United States for over 30 years.
The company’s mission is to provide customers with high-quality life insurance products and services at competitive prices. American Equity Investment Life Insurance is dedicated to helping customers protect themselves and their loved ones, and to assist them in achieving their financial goals.
The company’s main focus is on providing flexible, affordable, and customizable life insurance policies to its clients. The company has a wide range of products including term, whole, and universal life insurance, as well as annuities.
American Equity Investment Life Insurance is also known for its competitive pricing, and discounts that they offer, making its products and services more accessible to a wide range of customers.
American Equity Investment Life Insurance Company Insurance Coverage Options
American Equity Investment Life Insurance offers a wide range of life insurance products to customers, including term life insurance, whole life insurance, and universal life insurance. The company also offers annuities, which can provide a steady stream of income for customers during their retirement years.
In terms of pricing, American Equity Investment Life Insurance is known for its competitive pricing and discounts, making its products and services more accessible to a wider range of customers. American Equity Investment Life Insurance offers a wide range of life insurance products to customers, including:
- Term life insurance: This type of insurance provides coverage for a specific period of time, typically 10, 20, or 30 years. It is often the most affordable option for younger, healthier individuals.
- Whole life insurance: This type of insurance provides lifelong coverage, as long as premiums are paid. Whole life insurance also includes a savings component that can accumulate cash value over time.
- Universal life insurance: This type of insurance is a flexible option that allows customers to adjust their coverage and premium payments as their needs change.
- Annuities: These are financial products that provide a steady stream of income, typically during retirement. American Equity Investment Life Insurance offers both fixed and indexed annuities, which can help customers plan for their future and ensure that they have a reliable source of income during their golden years.
In addition to these life insurance products, American Equity Investment Life Insurance also offers a variety of riders and options that customers can add to their policies to customize their coverage. These include accidental death benefit riders, waiver of premium riders, and long-term care riders.
American Equity Investment Life Insurance also offers a range of financial and insurance services to their clients, such as financial planning, retirement planning, and estate planning. The company provides customers with the flexibility to customize their policies to suit their specific needs and preferences.
Customers also have access to financial experts who can help them understand and make the most of the products and services offered by American Equity Investment Life Insurance.
States Where American Equity Investment Life Offers Insurance
American Equity Investment Life Insurance is licensed to offer insurance in all 50 states and the District of Columbia. The company has a wide range of products and services that are available to customers across the United States, making it easy for people to find a policy that meets their needs, regardless of where they live.
American Equity Investment Life Insurance operates in all of the states, and customers can purchase policies directly from the company or through one of their independent agents. The company has a nationwide network of agents who can help customers find the right policy, explain the different options available to them, and help them enroll in coverage.
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American Equity Investment Life Insurance Company Insurance Rates Breakdown
The cost of American Equity Investment Life Insurance policies will vary depending on a number of factors, including the type of policy, the coverage amount, the term of the policy, and the age and health of the policyholder.
For example, a term life insurance policy with a 20-year term and a $500,000 coverage amount will cost significantly less than a whole life insurance policy with the same coverage amount. And a policy for a younger, healthier individual will typically be less expensive than one for an older, less healthy individual.
It’s also worth noting that American Equity Investment Life Insurance offers a variety of discounts to their customers, which can help reduce the cost of coverage. These discounts include things like multi-policy discounts (if you have multiple policies), good driver discounts, and discounts for non-smokers. Additionally, the company regularly offers promotions, which can also help customers save money on their policies.
It’s hard to give an accurate estimate of the cost of an insurance policy without taking into account the specific information of each individual, as the cost will vary based on the individual’s age, health, coverage amount, and other factors. However, American Equity Investment Life Insurance is known for providing competitive prices and has a variety of options available, which makes it easier for customers to find a policy that fits their budget.
American Equity Investment Life Insurance Company Discounts Available
American Equity Investment Life Insurance offers a variety of discounts to customers, including discounts for nonsmokers, multi-policy discounts, and discounts for customers who purchase their coverage through a qualified agent. To qualify for these discounts, customers may need to meet certain eligibility requirements, such as being a nonsmoker or purchasing multiple policies.
These discounts include:
- Multi-policy discount: If you have multiple policies with American Equity Investment Life Insurance, such as car insurance or homeowners insurance, you may be eligible for a discount on your life insurance policy.
- Good driver discount: If you have a good driving record, you may qualify for a discount on your life insurance policy.
- Non-smoker discount: Non-smokers may be eligible for a discount on their life insurance policy.
- Occupational discount: Some occupations may qualify for a discount on life insurance policies.
- Health and wellness discount: Some health and wellness activities, such as regular exercise or participation in a wellness program, can qualify for a discount on life insurance policies.
- Electronic fund transfer discount: Customers who sign up for automatic payments through electronic funds transfer may be eligible for a discount on their life insurance policy.
It’s worth noting that the availability and specific details of discounts may vary depending on the state in which the policy is purchased, so it’s always best to check with American Equity Investment Life Insurance or their agents for more information on the discounts that are available in your area.
Additionally, the company regularly offers promotions and special offers that can help customers save even more on their policies.
Elevating American Equity Investment Life Insurance Claims Service
Ease of Filing a Claim (Online, Over the Phone, Mobile Apps)
American Equity Investment Life Insurance offers a user-friendly claims process designed to cater to the diverse needs of its customers. Policyholders can file claims conveniently through various channels, including online submissions, phone assistance, and mobile apps.
The online portal allows for a seamless and efficient submission process, while the dedicated customer service team is readily available over the phone to guide individuals through the process. Additionally, the mobile app offers a convenient platform for policyholders to initiate and track their claims on the go, ensuring accessibility and ease of use.
Average Claim Processing Time
American Equity Investment Life Insurance is committed to providing swift claim processing services. While the exact processing time may vary depending on the complexity of the claim, the company generally strives to expedite the claims resolution process.
Timely payouts are a priority, and the company’s efficient claims department works diligently to assess and settle claims as quickly as possible, offering peace of mind to policyholders during challenging times.
Customer Feedback on Claim Resolutions and Payouts
Customer feedback is a valuable indicator of an insurance company’s commitment to its policyholders. American Equity Investment Life Insurance consistently receives positive reviews for its claim resolutions and payouts. Customers appreciate the company’s responsiveness and fair handling of claims.
The transparency and professionalism exhibited in the claims process contribute to the high satisfaction levels among policyholders. These positive customer experiences underscore the company’s dedication to delivering on its promises and ensuring financial security for its clients.
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American Equity Investment Life Insurance – Your Digital Insurance Advantage
Mobile App Features and Functionality
American Equity Investment Life Insurance offers a feature-rich mobile app that empowers policyholders with convenient account management capabilities. The app provides a user-friendly interface for accessing policy information, making premium payments, and initiating claims.
Policyholders can view their coverage details, track policy performance, and receive important updates directly on their mobile devices. The mobile app enhances the overall customer experience by putting essential insurance tools and resources at users’ fingertips.
Online Account Management Capabilities
Managing insurance policies has never been easier with American Equity Investment Life Insurance’s online account management capabilities. Policyholders can log in to their secure online accounts to perform a wide range of tasks.
These include reviewing policy documents, updating personal information, monitoring policy performance, and accessing important forms and resources. The online platform ensures that policyholders have the flexibility and convenience to oversee their insurance policies efficiently.
Digital Tools and Resources
American Equity Investment Life Insurance offers a robust suite of digital tools and resources designed to empower customers with financial knowledge and support. These resources include educational articles, calculators for policy planning, and retirement planning tools.
The company’s commitment to equipping policyholders with valuable information extends beyond insurance coverage, reinforcing its mission to help customers achieve their financial goals.
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How American Equity Investment Life Insurance Company Ranks Among Providers
Assessing a company’s rank typically involves considering factors such as financial stability, customer satisfaction, coverage options, and overall market reputation. To obtain up-to-date and comprehensive rankings, it is recommended to refer to industry reports, customer reviews, and rating agencies.
American Equity Investment Life Insurance, being a well-established company with a positive reputation, competitive pricing, and a range of products, may fare well in comparison to other providers.
American Equity Investment Life Insurance Customer Reviews
Overall, American Equity Investment Life Insurance has a positive reputation among customers. Customers report that the company offers competitive pricing, a wide range of products and services, and responsive customer service. Some weaknesses that customers reported include a lack of transparency in pricing and difficulty in understanding the company’s products and services.
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Frequently Asked Questions
What is American Equity Investment Life Insurance?
American Equity Investment Life Insurance is an insurance company that provides fixed and indexed annuity products for individuals and businesses.
What types of annuities does American Equity Investment Life Insurance offer?
American Equity Investment Life Insurance offers fixed and indexed annuities, including fixed-rate annuities, indexed annuities, and fixed-indexed annuities.
What is a fixed-rate annuity?
A fixed-rate annuity is an annuity that provides a guaranteed interest rate for a set period of time, usually between one and ten years.
What is an indexed annuity?
An indexed annuity is an annuity that earns interest based on the performance of a stock market index, such as the S&P 500.
What is a fixed-indexed annuity?
A fixed-indexed annuity is a hybrid annuity that combines features of both fixed and indexed annuities. It provides a guaranteed minimum interest rate along with potential interest earnings based on the performance of a stock market index.
Can I withdraw money from my annuity before the end of the contract term?
Yes, you can withdraw money from your annuity before the end of the contract term, but you may be subject to surrender charges and/or taxes on any gains you have earned.
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Michael Vereecke
Commercial Lines Coverage Specialist
Michael Vereecke is the president of Customers First Insurance Group. He has been a licensed insurance agent for over 13 years. He also carries a Commercial Lines Coverage Specialist (CLCS) Designation, providing him the expertise to spot holes in businesses’ coverage. Since 2009, he has worked with many insurance providers, giving him unique insight into the insurance market, differences in ...
Commercial Lines Coverage Specialist
Editorial Guidelines: We are a free online resource for anyone interested in learning more about insurance. Our goal is to be an objective, third-party resource for everything insurance related. We update our site regularly, and all content is reviewed by insurance experts.