American Equity Car Insurance Review [2020]

American Equity insurance offerings include annuities and life insurance policies. Since there is no American Equity insurance for cars, compare policies using our quote comparison tool below.

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Zaneta Wood, Ed.S. has over 15 years of experience in research and technical writing bringing a keen understanding of data analysis and information synthesis to reach a wide variety of audiences. She studied adult education and instructional technology at Appalachian State University as well as technical and professional communication at East Carolina University. Zaneta has prepared technical p...

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Joel Ohman is the CEO of a private equity backed digital media company. He is a CERTIFIED FINANCIAL PLANNER™, author, angel investor, and serial entrepreneur who loves creating new things, whether books or businesses. He has also previously served as the founder and resident CFP® of a national insurance agency, Real Time Health Quotes. He has an MBA from the University of South Florida. Jo...

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Reviewed by Joel Ohman
Founder & CFP®

UPDATED: Jan 26, 2021

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Company Details
Address: One Tower Square
City: Hartford
State: CT
ZIP Code: 06183
Phone Number: 860-277-0111
Year Founded: 1980
AM Best Rating: A++ (Superior)
Company Rating 0 (0 reviews)

Here's what you need to know...

  • American Equity does not sell car insurance coverage
  • The company focuses on annuities and life insurance policies
  • If you are searching for car insurance coverage, make sure to research multiple companies online

If you are looking for an American Equity car insurance review, you will find a stable company, but one that does not offer auto insurance coverage.

Enter your zip code above to receive free car insurance quotes from multiple businesses today!

American Equity has positive financial strength ratings from the Better Business Bureau (A+) and A.M. Best (A-).

Emphasizing annuities and life insurance policies, American Equity does not sell car insurance as one of their products.

However, if you have life insurance from American Equity and you are in the unfortunate circumstance of suffering a fatality in a car accident, your beneficiaries will receive your life insurance benefits.

American Equity Options

Annuities are available from American Equity to help you secure your financial future. Choose from traditional fixed interest rate annuities or fixed-index interest rate annuities.

With a traditional annuity, you benefit from tax-deferred monetary growth at competitive interest rates.

You can also choose your premium to be single or flexible with no upfront sales fees. Your IRS withdrawal requirements are met systematically and you can receive additional liquidity under certain circumstances of illness.

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With a fixed-indexed interest rate annuity through American Equity, you also receive the benefit of tax-deferred growth, but you have a choice of interest calculation and index options.

You can also receive a lifetime income benefit.

You have three life insurance options from American Equity:

  • Single Premium Universal Life
  • Simplified Issue Whole Life Insurance
  • Term Life

The Single Premium Universal Life option is optimized for Estate Creation and Capital Transfer so that your beneficiaries will not have to pay income tax on the death benefit.

If you need access to the cash benefit of the plan, you can liquidate up to 10 percent without penalty.

The Simplified Whole Life plan locks in your premium for life and pays beneficiaries tax-free federal income. Emergency cash value is available through policy loans.

Term life insurance is available for five years, ten years, fifteen years, or twenty years.

A life insurance policy through American Equity can make your car insurance more complete, but what you really want are car insurance quotes.

Enter your zip code into the free tool below and you can find quotes from many other insurers!

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