Great American Life Unveils Comprehensive Suite of Fee-Based Annuities With Launch of Two New Products
January 8, 2020 by Great American Insurance Group
CINCINNATI — January 06, 2020 — Great American Life® expanded its fee-based product offering with the launch of two new fixed-indexed annuities (FIAs).
The Index Protector 4 and Index Protector 5 MVA (market value adjustment) annuities are designed specifically for advisors involved in fee-based planning, making it easy to incorporate these insurance products into their investment services. These new solutions are available in addition to Great American Life’s flagship Index Protector 7, giving advisors options for their clients seeking tax-deferred growth opportunity, principal protection and lifetime income options.
- Index Protector 7 offers greater accumulation and income opportunity.
- Index Protector 5 MVA has no early withdrawal charges and features a market value adjustment that ends after five years.
- Index Protector 4 is the only fee-based FIA without a market value adjustment and features early withdrawal charges that end after four years.
In addition to the launch of two new products, the Index Protector 7 now features a new point-to-point indexed strategy tied to the iShares MSCI EAFE ETF, offering clients exposure to international markets.*
“Since launching the industry’s first fee-based fixed-indexed annuity in 2016, we’ve remained committed to providing transparent products that fit the needs of Registered Investment Advisors. In offering these new products, we are pleased to provide advisors with new ways to help clients meet their goals. Whether they are seeking growth opportunity, lifetime income options or simplified product features, our comprehensive suite of fee-based annuities now responds to a variety of needs,” says Tony Compton, Great American Life Divisional Vice President of Broker/Dealer and RIA Sales.
In addition to offering innovative products, Great American is committed to making annuities easy to incorporate into an advisory portfolio.
“We recognize the importance of efficiency for our advisors,” Compton continues. “That’s why we offer advanced technologies, including a cutting-edge Portfolio Simulator, an easy-to-use electronic application system and extensive data capabilities, among others. We’re proud to offer a seamless experience every step of the way.”
For more information on Great American Life’s comprehensive suite of fee-based annuities and how they can be easily integrated into an investment portfolio, visit GreatAmericanRIA.com.
Great American Life Insurance Company® is a member of Great American Insurance Group® and is rated “A+” by Standard & Poor’s and “A” (Excellent) by A.M. Best for financial strength and operating performance.
About Great American Insurance Group
The annuity operations of Great American Insurance Group (GAIG) offer retirement solutions through the sale of traditional fixed, fixed-indexed and variable-indexed annuities in the retail, broker-dealer, financial institutions, registered investment advisor and education markets. Annuity subsidiaries include Great American Life Insurance Company® and Annuity Investors Life Insurance Company®. GAIG’s roots go back to 1872 with the founding of its flagship company, Great American Insurance Company. The members of GAIG are subsidiaries of American Financial Group, Inc. (AFG). AFG’s common stock is listed and traded on the New York Stock Exchange under the symbol AFG. AFG is a Fortune 500 Company with more than $65 billion in assets. Learn more at GAIG.com.
S&P rating affirmed March 14, 2019. “A+” is fifth highest of 21 categories. A.M. Best rating affirmed September 11, 2019. “A” (Excellent) is third highest out of 16 categories.
*iShares MSCI EAFE ETF available on Index Protector 7 contracts issued on or after January 6, 2020.
Contacts
For more information about Great American’s annuity products, contact:
Donna Carrelli
Divisional Vice President, Marketing Services
Great American Insurance Group – Annuities
513-412-1518
dcarrelli@gaig.com
Great American Insurance Group Media Contact:
Diane P. Weidner
Great American Insurance Group
513-369-5713
dweidner@amfin.com
