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American Equity Schedules Quarterly Earnings Release, Conference Call and Webcast

WEST DES MOINES, Iowa--(BUSINESS WIRE)--Oct. 9, 2007--American Equity Investment Life Holding Company (NYSE:AEL) today announced that it will announce its third quarter 2007 earnings after the close of market on Wednesday, October 31, 2007. The third quarter earnings release and financial supplement will be posted on the American Equity web site (www.american-equity.com) at that time. As previously announced, American Equity has discontinued the practice of pre-releasing quarterly sales information.

AEL will hold a conference call to discuss third quarter 2007 earnings on Thursday, November 1, 2007, at 10 a.m. CDT. The conference call will be webcast live on the Internet. Investors and interested parties who wish to listen to the call on the Internet may do so at www.american-equity.com.

The call may also be accessed by telephone at 1-888-396-2386, passcode 39143327 (international callers, please dial 1-617-847-8712). An audio replay will be available shortly after the call on AEL's web site. An audio replay will also be available via telephone through, November 15, 2007, by calling 1-888-286-8010, passcode 90099989 (international callers will need to dial 1-617-801-6888).

American Equity Investment Life Holding Company, through its wholly-owned operating subsidiaries, is a full service underwriter of a broad line of annuity and insurance products with a primary emphasis on the sale of fixed-rate and index annuities. The company's headquarters are located at 5000 Westown Parkway, West Des Moines, Iowa, 50266. The mailing address of the company is: P.O. Box 71216, Des Moines, Iowa, 50325.

CONTACT: American Equity Investment Life Holding Company
Debra J. Richardson, Sr. Vice President, 515-273-3551
drichardson@american-equity.com
or
John M. Matovina, Vice Chairman, 515-457-1813
jmatovina@american-equity.com
or
D. J. Noble, Chairman, 515-457-1705
dnoble@american-equity.com
or
Julie L. LaFollette, Investor Relations, 515-273-3602
jlafollette@american-equity.com

SOURCE: American Equity Investment Life Holding Company