NAFA Recognizes Lifetime Achievement of Fixed Annuity Industry Leader - Wendy Waugaman

  NAFA Recognizes Lifetime Achievement of Fixed Annuity Industry Leader -
  Wendy Waugaman

Business Wire

MILWAUKEE -- November 01, 2012

Wendy Waugaman, the late President & CEO of American Equity Investment Life
Holding Company, was announced as the inaugural recipient of the National
Association for Fixed Annuities' (NAFA) lifetime achievement award. NAFA’s
Insurance Marketing Advisory Council’s (IMAC) presented the Bo Johnson Spirit
Award for Lifetime Achievement at its IMO Summit. The award recognizes
courage, spirit and determination that challenges the status quo, inspires
others to achieve, contributes unselfishly to others, and works ethically and
conscientiously to improve the fixed annuity marketplace.

Marla Lacey, the Chief Compliance Officer and Associate General Counsel of
American Equity, was also a close friend and colleague of Waugaman. She
accepted the award on Waugaman's behalf and stated, "Wendy was a true
visionary and dedicated her corporate career to the advancement of fixed
annuity products. Without her courage, leadership and strategic direction in
the battle to repeal SEC Rule 151A, our industry would have been forever
changed. Wendy worked tirelessly to establish best practices and believed
deeply in the value of our products for consumers. Her untimely death has left
a great void in our business and she is and will continue to be greatly

NAFA's IMAC committee named the award in honor of Bo Johnson. Johnson was well
known for his energy, enthusiasm and love of the fixed annuity industry. He
was a proud member of NAFA and served as a board member for several years and
was the original chair of IMAC. His life was cut much too short when he died
in 2009 after a courageous fight with cancer. He exhibited the attributes
outlined in the award created in his name and left a very positive and lasting
imprint on the annuity industry.

NAFA, the National Association for Fixed Annuities, is a national trade
association exclusively dedicated to promoting the awareness and understanding
of fixed annuities – including income, declared rate, market value adjusted
and indexed. NAFA is the only association whose sole purpose is advocating for
the fixed annuity product and educating regulators, legislators, consumers,
members of the media, industry personnel, and distributors about fixed
annuities and their benefits to retirees and those planning retirement. Learn
more at


W. Scott Hinds, Education & Training Director, 414-332-9306, ext.2
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