Great American Life Ranked Number One Provider of Fixed-Indexed Annuities through Financial Institutions for Third Straight Year
CINCINNATI — April 4, 2019 — Great American Life® once again landed the number one spot for fixed-indexed annuity (FIA) sales through financial institutions, capturing nearly 15% of the channel’s $12 billion in sales in 2018.
The company has maintained the top position in four out of the last five years. Additionally, when it comes to FIA sales across all channels, Great American Life has maintained a top five position over the last five years.
According to Tim Minard, Executive Vice President and Chief Distribution Officer, the company owes much of its success to its distribution partners and a continued focus on keeping things simple.
“We are incredibly thankful for the longstanding relationships we’ve built within the financial institutions channel and the dedicated advisors who strive to serve their clients’ needs,” said Minard.
“Great American is a natural fit for this channel where transparency and ease of business are key. The advisors need to know they’re offering products from a company they can trust – with no red tape or hidden surprises. This need for simplicity is at the core of everything we do.” Minard continued, “From products and services to technology and processes, we’re continually finding new ways to make things easier, so advisors can keep their focus on what matters most – serving their clients.”
Great American’s annuity products are available in approximately 40 major banks and other financial institutions across the country. These products are designed to help customers protect their principal without giving up growth opportunity, and they offer unique benefits not typically available with other principal protected products, such as tax-deferred growth and the option to receive lifetime income.
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 assets over $60 billion. Learn more at GAIG.com.
Source: LIMRA Secure Retirement Institute 4Q 2018 U.S. Individual Annuities Sales Survey