Eagle Life Announces New No-Commission Fixed Index Annuity

Insurance Weekly News

By a News Reporter-Staff News Editor at Insurance Weekly News -- Eagle Life Insurance Company, a subsidiary of a leading fixed index annuity (FIA) provider-American Equity Investment Life Insurance Company®, announced the addition of a no-commission fixed index annuity product to their portfolio. The Eagle Advisory 8 provides principal protection with guaranteed income and transparent interest crediting opportunities through the S&P 500 Index.

"Eagle Life's Eagle Advisory 8 broadens our annuity suite to help the clients of Registered Investment Advisors (RIAs) and fee-based advisors who are looking for the preservation strengths and lifetime income stability our products can provide," Ron Grensteiner, President at Eagle Life. "As a broker-dealer annuity carrier we are committed to offering our representatives straight-forward products backed by superior service. This addition to our product line allows us to deliver those qualities to a wider audience, helping more clients reach their retirement goals." The Eagle Advisory 8 is the company's first no-commission FIA. Like all Eagle Life FIA products, it offers flexible interest crediting strategies based on the S&P 500 Index, principal and credited interest protection from index volatility, with the option of a lifetime income rider. "Guaranteed retirement income that cannot be outlived is a top priority amongst our representatives' clients," said Jeff Varisco, Senior Vice President at Eagle Life. "We are excited to bring our product benefits to a new market and give consumers more fee-based options." About Eagle Life InsuranceEagle Life Insurance Company is a provider of fixed and fixed index annuities marketed through broker-dealers, representatives and banks. The company is a subsidiary of American Equity Investment Life Insurance Company, headquartered in West Des Moines, Iowa and committed providing products with integrity as well as superior service to the agents they partner with and their contract owners. For more information, please visit www.eagle-lifeco.com.

Annuity issued under form series ICC15 E-IDXB-8 and state variations thereof. Availability may vary by state.

The "S&P®" is a product of S&P Dow Jones Indices LLC ("SPDJI"), and has been licensed for use by Eagle Life Insurance Company ("EL"). Standard & Poor's® and S&P® are registered trademarks of Standard & Poor's Financial Services LLC ("S&P"); Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC ("Dow Jones"). These trademarks have been licensed to SPDJI and sublicensed for certain purposes by EL. EL's products are not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, S&P, or their respective affiliates, and such parties make no representations regarding the advisability of investing in such product(s) and have no liability for any errors, omissions, or interruptions of the S&P. View source version on businesswire.com: http://www.businesswire.com/news/home/20170830006210/en/

Keywords for this news article include: Insurance Companies, Finance and Investment, Investment and Finance, Eagle Life Insurance Company.