Eagle Life At a Glance: Rates, Products and Reviews

Today’s Best Eagle Life Annuity Rates

Term	Product	AM Best Rating	Rate
5 Years	Eagle Guarantee Focus Series	A-	4.90 %
5 Years	Eagle Guarantee Focus Series	A-	4.90 %
5 Years	Eagle Guarantee Focus Series	A-	4.65 %

Compare Eagle Life Annuity Rates

Additional Products Offered by Eagle Life

Eagle Life’s products include two types of annuities: fixed and indexed. These annuities come with benefits such as principal protection, tax-deferred growth and lifetime income options.

Eagle Life’s Fixed Annuities

The Guarantee Focus^® series from Eagle Life is a single premium deferred fixed annuity with two options for guarantee periods. Customers can choose to lock in the guaranteed rate on this annuity for three years or five years.

Guarantee Focus^® annuity owners can access annual free withdrawals up to 10% of the contract value, but only after the first contract year. When the guarantee period elapses, owners have the option to renew the contract with the same guarantee period, surrender the contract without surrender charges or a market value adjustment (MVA), continue the contract or annuitize the contract and begin receiving income payments.

Eagle Life’s fixed annuity comes with a few different benefits to help owners gain access to their money. After the first contract year, the owner may withdraw up to 100% of their contract’s value in the case of terminal illness or confinement to a qualified nursing care facility.

Additionally, the Guarantee Focus^® annuities come with a no-fee enhanced benefit rider with additional withdrawal and surrender options. This rider is not available in California.

Eagle Life’s Indexed Annuities

The three indexed annuities that Eagle Life offers are the Eagle Select^® Income Focus, the Eagle Select^® Focus Series and the Eagle Guaranteed Flex 5.

• The Eagle Select^® Income Focus comes with a few generous riders and benefits, including a Lifetime Income Benefit Rider that increases payouts as you age, a Performance Rate Rider that increases the annuity’s participation rate and a Wellbeing Benefit that boosts an annuity’s payouts by up to 200% if the contract owner becomes incapacitated by an illness or injury.
• The Eagle Select^® Focus Series requires a minimum premium of just $5,000 and has flexible premium options. These annuities also feature the optional Performance Rate Rider and an Enhanced Benefit Rider to access a free withdrawal for qualified nursing care or terminal illness. Customers can choose a surrender charge schedule of six or eight years.
• The Eagle Guaranteed Flex 5 features five crediting strategies — two fixed rates and three indexed — and a no-fee enhanced benefit rider similar to what Eagle Life’s other indexed annuities offer.

About Eagle Life

Eagle Life Insurance Company is a wholly-owned subsidiary of American Equity Investment, another provider specializing in fixed and indexed annuities. American Equity’s core values include commitment to service, product integrity and financial strength.

Eagle Life sells annuities in 44 states and the District of Columbia. According to data from the National Association of Insurance Commissioners (NAIC), Eagle Life Insurance Company sold over $550 million in annuity premiums in 2022. This represents a 0.197% share of the 2022 U.S. annuity market.

Credit Ratings

If you’re thinking of buying an annuity, it’s important to know about credit ratings for annuity providers. These ratings show how financially stable the provider is. Just keep in mind that different rating companies use different rating scales.

Eagle Life Credit Ratings

Rating Company	Credit Rating
AM Best	A- (Excellent)
Fitch	A-
S&P	A-

What Customers Are Saying About Eagle Life

In the last three years, Eagle Life Insurance Company has had only one annuity customer file a complaint with their state’s insurance commission, according to NAIC data. However, that single complaint results in a relatively high NAIC complaint index because Eagle Life has such a small share of the U.S. annuity market.

The NAIC tracks the consumer complaints that each state’s insurance commission receives each year. These are used to compile a company’s NAIC Complaint Index.NAIC Complaint IndexDetermined by dividing the company’s share of complaints in the U.S. market by the company’s share of premiums in the U.S. market. The National Complaint Index is always 1.00, so a score of 2.00, for example, is twice as high as expected in the market.

NAIC Complaint Index for Eagle Life

All Policy Types	0.05
Individual Annuities Only	1.09

These numbers indicate that Eagle Life receives slightly more complaints than the annuity industry average, but far fewer complaints than average for the wider insurance industry.

Eagle Life did not appear in either the 2022 or 2023 editions of the J.D. Power Customer Satisfaction Index Ranking, which measures the overall customer satisfaction of annuity providers.

Eagle Life Pros & Cons

Like any annuity provider, Eagle Life has both pros and cons. Before purchasing an annuity from any issuer, consider the advantages and disadvantages of the company and its products.

Pros

• Low minimum premiums and flexible premium options: You can purchase some of Eagle’s indexed annuities for as little as $5,000. These products also have flexible premiums, so you can add money to your contract at your own pace.
• No-fee enhanced benefit rider: A few of Eagle Life’s products come with an enhanced benefit rider, allowing you to withdraw funds in extreme circumstances for no extra charge.
• Strong financial strength ratings: Eagle Life has received excellent ratings from two of the biggest credit rating agencies, signaling confidence in the provider’s ability to meet its annuity obligations.

Cons

• No immediate or variable annuities offered: Eagle Life only offers fixed and indexed deferred annuities; they do not sell variable deferred annuities or any immediate annuity products.
• High NAIC Complaint Index: The provider has a score of 1.09 on the NAIC Complaint Index, indicating a higher number of complaints than the industry average.

Provider Rating Methodology

Annuity.org created a fact-based methodology to analyze the strength, security and reach of different annuity providers. We assessed companies based on their availability, the amount of direct premiums sold, their AM Best Financial Strength Rating and their NAIC Complaint Index score.

Providers received a rating on a five-star scale for each of these categories, with the complaint index and financial strength ratings weighed as the heaviest variables. Then, using a weighted average, each company was assigned an overall star rating.

Annuity.org’s Top-Ranked Providers

Provider	Annuity.org Star Rating
Mass Mutual
New York Life
Pacific Life
Midland National
North American
Western & Southern

Our Rating Panel

The Annuity.org editorial team spoke with several different annuity experts to learn more about what is important to customers when searching for a provider and what factors make a company reliable. While Annuity.org designed the methodology, these experts provided feedback during the process and consulted on what factors we should leverage to best help prospective buyers compare providers.