American Equity Investment Life Insurance Company
American Equity Investment Life Insurance Company Overview
The aggregated data is based on reviews and questionnaires provided by PissedConsumer.com users.
American Equity Investment Life Insurance Company has 1.0 star rating based on 1 customer review. Consumers are mostly dissatisfied.
- Rating Distribution
Pros: Saleman pitch.
Cons: Being charged with my money as a penalty.
West Des Moines, Iowa
Be sure before your dollars are locked away.
Was allowed to take a partial payout ($7000) in 2018. They sent me a 1099 that I had to claim on income tax, as income.
Was not informed that any $$$ would be taxed. When American Equity does start lifetime payments.
Just be prepared to be accountable at tax time, your $$$ are being reported and watched. KO
I have requested more concerns to American Equity regarding their policy that protects "our" dollars from abuse by companies that claim to have our best interests in their equity program. No contact, at all, and no return of my retirement dollars.
Only, one thing to say, again and again....Don't fall for this companies claims, of "handling your retirement". Handle YOUR retirement yourself. This company swoops in, and once those papers are signed, after 30 days, they are in charge.
Again, I was a fool, have someone U trust, to help U protect your dollars. KO
I signed up for this so called retirement package, and am now required to "play by their rules". Big penalties, should you decide to take back some of "your" dollars, before their 10 year schedule is met.
I know that this American Equity Investment Life, relies on us leaving our dollars, in their account, to be claimed by them ....as their assets. Their claim to fame can be settled in just three letters....OPM! Once signed up, the dollars are theirs, till that contract marker is met....or you die early, then it is given to your beneficiary. Easier choice!
Just saying, don't be sweet talked into signing on that easy. Talk with someone....no, have someone with you, to go over all those contract details.
Fare warning! KO
- Saleman pitch
- Being charged with my money as a penalty
Preferred solution: Don't think I have one, just want others to be aware...of choices.
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