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fixed annuity
It was based in London England in the early seventies.
The company was founded in 1995.
I found different sites with definitions for annuity variables. Investopedia states that an annuity variable is, "an insurance contract in which, at the end of the accumulation stage, the insurance company guarantees a minimum payment. The remaining income payments can vary depending on the performance of the managed portfolio." (http://www.investopedia.com/terms/v/variableannuity.asp#axzz1bw9FbZ8G)
An Annuity
A fixed income annuity is a type of insurance contract where the insurance company makes payments of a preassigned amount to the holder of the annuity, the annuitant.
The definition of a variable annuity is basically a contract between you and the insurance company where you agree to purchase the annuity. In doing so you make 1 or 2 payments. Then the money is invested into a variety of investment options. The insurance company agrees to pay you income payments at some point in the future. That time can last a long or short period or for the rest of your life.
in 1989 became London Pacific Life and Annuity, then Philadelphia American Life Insurance Company, then The Hartford, which it remains currently.
A fixed income annuity is a type of insurance contract where the insurance company makes payments of a preassigned amount to the holder of the annuity, the annuitant.
Yes, there are many legal complaints against American Equity Investment Life Insurance Company. Most of the legal complaints touch on compensation.
AIG