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American Equity Schedules Quarterly Earnings Release, Conference Call and Webcast

WEST DES MOINES, Iowa--(BUSINESS WIRE)--April 16, 2008--American Equity Investment Life Holding Company (NYSE: AEL) today announced that it will announce its first quarter 2008 earnings after the close of market on Wednesday, May 7, 2008. The first quarter earnings release and financial supplement will be posted on the American Equity web site (www.american-equity.com) at that time.

AEL will hold a conference call to discuss first quarter 2008 earnings on Thursday, May 8, 2008, 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 1-866-700-0161, passcode 90020628 (international callers, please dial 1-617-213-8832). 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, May 22, 2008, by calling 1-888-286-8010, passcode 83963836 (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, 515-273-3551
Sr. Vice President
drichardson@american-equity.com
or
John M. Matovina, 515-457-1813
Vice Chairman
jmatovina@american-equity.com
or
D. J. Noble, 515-457-1705
Chairman
dnoble@american-equity.com
or
Julie L. LaFollette, 515-273-3602
Investor Relations
jlafollette@american-equity.com
SOURCE: American Equity Investment Life Holding Company