Last week, American Equity Investment Life Insurance Company announced the launch of a new fixed index annuity series, the Income Shield series. The new products offer contract owners a variety of guaranteed income options in addition to the ability to secure a lifelong revenue stream, according to a recent press release. American Equity is one of the leading underwriter of index and fixed rate annuities.
“Our new IncomeShield series provides the guaranteed protection and income options that today’s pre-retirees and retirees are looking for to fund their retirement,” said Ron Grensteiner, President of American Equity. “We are excited to offer the retiring public new financial security products backed by the quality customer service that has made us one of the top carriers in the fixed index annuity industry.”
The Income Shield Series is currently available, giving clients flexibility with 7 or 10 year surrender schedules as well as 5 or 7 year interest crediting options. Additionally, a 7% premium bonus is available on the IncomeShield 10 and flexible lifelong revenue can be provided with optional lifetime income riders.
“Securing income for life is a priority for Americans,” said Kirby Wood, Senior Vice President and Chief Marketing Officer at American Equity. “That’s why the products we offer are designed to help meet the financial demands of today’s lengthening retirements. Our contract owners can sleep well knowing their hard-earned dollars are safe and their income is there as long as they need it.”
American Equity Investment Life Insurance Company is one of the leading underwriters of index and fixed rate annuities. The company, which is headquartered in West Des Moines, Iowa, claims commitment to providing products with integrity in addition to providing superior service to partnering agents and policyholders. For more information, visit www.american-equity.com.
Written by Rachel Summit