American Equity Investment Life Insurance Co. and Armed Forces Benefit Association announced they will partner to transition American Equity's National Guard and Fire Fighter group life insurance coverage to AFBA, effective Jan. 1. "As our annuity business continues to grow, we believe our service members and firefighters will be well-served by an organization strategically focused on providing products and services meeting their needs," American Equity CEO John Matovina said in a statement. West Des Moines-based American Equity currently insures more than 65,000 National Guard members and over 13,000 firefighters throughout the United States. AFBA, based in Alexandria, Va., provides life insurance to over 140,000 National Guard members, retirees and family members and over 130,000 first responders, retirees and family members.