2008-04-28 23:43:11 -

- American Equity Investment Life Holding Company (NYSE: AEL) today announced that it will host an Investor Day on Tuesday, May 20, 2008 in New York City. Lunch will begin at 12:00 p.m. (EDT) and management presentations will begin at 1:15 p.m. Management will provide information on AEL's strategy, investments and asset quality, sales outlook and financial performance. A question

and answer session will follow management's presentations.

Members of the investment community are invited to attend. To register, please go to American Equity's Website at www.american-equity.com under the Investor Relations tab.

All presentations, including the question and answer session, will be webcast live. Investors may access the event on American Equity's Website, www.american-equity.com.

Certain statements made during this presentation may constitute forward-looking statements for purposes of the safe harbor provisions under The Private Securities and Reform Act of 1995. Actual results may differ materially. These forward-looking statements are subject to a number of risks and uncertainties discussed in detail in American Equity's most recent SEC filings.

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.

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