American Equity Investment Life Insurance Company
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
- 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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