WEST DES MOINES, Iowa, Jun 26, 2008 (BUSINESS WIRE) -- American Equity Investment Life Holding Company (NYSE: AEL) is a
leading underwriter of index annuities, which were the topic of a
proposed rule discussed by the Securities and Exchange Commission in
its open meeting held yesterday, June 25, 2008. The proposed rule
would change the interpretation of the exclusion for annuities under
the Securities Act of 1933 and require future registration of index
annuities as securities. AEL intends to oppose this change through all
available channels during the rule-making process, which will include
a comment period and a later opportunity for judicial review. Based on
the existing law, index annuities are insurance products, not
securities, to the same extent as traditional fixed-rate annuity
products. Regardless of the outcome of the rule-making process, AEL
believes that opportunities for growth in the fixed-rate and index
annuity markets remain very attractive. AEL will continue to work
closely with its field force of licensed, independent insurance agents
to provide excellent insurance products and superior service.
CAUTION REGARDING FORWARD-LOOKING STATEMENTS
This press release contains forward-looking statements within the
meaning of The Private Securities Litigation Reform Act of 1995.
Forward-looking statements relate to future operations, strategies,
financial results or other developments, and are subject to
assumptions, risks and uncertainties. Statements such as guidance,
expect, anticipate, believe, goal, objective, target,
may, should, estimate, projects, or similar words as well as
specific projections of future results qualify as forward-looking
statements. Factors that may cause our actual results to differ
materially from those contemplated by these forward looking statements
can be found in the Company's Form 10-K filed with the Securities and
Exchange Commission. Forward-looking statements speak only as of the
date the statement was made and the company undertakes no obligation
to update such forward-looking statements. There can be no assurance
that other factors not currently anticipated by the company will not
materially and adversely affect our results of operations. Investors
are cautioned not to place undue reliance on any forward-looking
statements made by us or on our behalf.
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.
SOURCE: American Equity Investment Life Holding Company
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
