American Equity Investment Life Insurance CompanyReviews of american-equity.com

#AmericanEquity to protect their Fraudulent Agents, Rob their Clints: Since May 23, 2023, Frederick Saide has been fraudulently presenting himself as the Managing Director/Partner of an unregistered, unlicensed and non-existent company, MoneyMattersUSA, Advisory LLC, with non-existent branches in Bridgewater, Short Hills, and Cranford, New Jersey. Under this guise, Mr. Saide solicited and sold annuities and insurance products to us from May 23, 2023, to May 24, 2024, including the American Equity contracts. For an entire year, Mr. Saide harassed the undersigned to get their existing all/every insurance/annuity personal, family and company business from him. The proof for this was also provided to regulatory agencies as well as AEL. The core issue here is not just about the contracts we purchased but about the fact that a conman was able to represent AEL and sell us these contracts. AEL has not admitted its failure in supervising its agent, Mr. Saide, nor did it conduct a thorough background check on him. AEL has knowingly failed in its fiduciary duty, and for this reason, we demand a full refund with interest and penal interest. We thought because of our action, AEL may learn from this incident and ensure that someone like Frederick Saide never represents them again. Unfortunately, it appears that AEL cares more about protecting fraud individuals like Mr. Saide than their small contract holders or future small customers from the public. Moreover Fred made upfront $52,000 by selling us a bad AEL contract by making us loser even if we stay with the contract. We accept AEL’s fraudulent offer for a partial refund of our money under protest. The SEC, NJDOBI, Iowa Insurance Division, and American Equity should be ashamed for failing to protect small investors like us. They should not claim to care for the small investor if they cannot provide assistance in such clear cases of fraud promoted/protected by Insurance companies like AEL. Furthermore, could any of these aforementioned entities explain where in the USA one can borrow money at 1% compound interest per annum? AEL is essentially committing daylight robbery under the watch of regulatory agencies by offering us a mere 1% interest and fraudulently describing it in the agreement as "a compromised resolution for a disputed claim." The real dispute is that AEL was represented by a conman, Frederick Saide, under the guise of fraudulent MoneyMattersUSA Advisory LLC. Moreover, the terms and rate of interest were never discussed or negotiated between both parties, still AEL with guns pointing towards us call it a compromised resolution! On 09-06-24 we are going to sign a amended contract by correcting their one sided contract to get our money back. We are not sure they will accept the amended contract even if we are willing to accept 1% offer. DOES ANYONE KNOWS WHERE IN THE USA, I CAN BORROW FUNDS ON 1% per Annum?

Awful company with nepharious intentions in their business. 10% cascading fees are 2x that due to hidden language. Good job lawyers. Good job company. 100% don't recommend. They prey on baby boomers and sculpt their seemingly desirable offering through empathy and compassion. Their returns are 0%-3% with an average 1% annually. If you invest your money you can't remove it without paying 2xannual termination rate% (10%×2=20% in year 1) and over a 10 year time frame you won't make more than 22% average total. Stay away like the plague. Invest through Charles s w a b bond s instead if you want better returns.