Great American Life Introduces New Three-Year Fixed-Indexed Annuities
CINCINNATI — April 18, 2019 — Great American Life® is pleased to announce the availability of two new fixed-indexed annuity products. The American Landmark℠ 3, available in the Retail channel, and AssuranceSelect® 3 Plus, available in the Financial Institutions channel, are designed for consumers seeking growth opportunity with the flexibility to access their funds penalty-free after just three years.
These new products offer indexed strategies linked to well-known indexes and ETFs, including the S&P 500®, iShares U.S. Real Estate ETF, and iShares MSCI EAFE ETF, providing upside potential in diverse markets with complete protection against market loss. Additionally, the American Landmark 3 and AssuranceSelect 3 Plus issue up to age 90, giving older clients a safe vehicle for growth, which may be attractive for those planning to leave a legacy for their loved ones.
According to Joe Maringer, National Sales Vice President, Great American Life, the current market environment highlights the need for solutions like these.
“Our goal is to offer our distribution partners and consumers products that best fit the current economic environment. Between recent market volatility and the yield curve inverting for the first time since 2007, we believe these products are timely solutions for consumers seeking growth potential along with protection from market swings.”
“As the only three-year fixed-indexed annuities available today, these products give consumers the flexibility to walk away after three years without penalty should their needs or market conditions change. This increased flexibility is part of our ongoing commitment to keeping things simple with transparent products that help our contract owners achieve their goals with no surprises.”
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 and registered investment advisor 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 $60 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 August 17, 2018. “A” (Excellent) is third highest out of 16 categories.
Diane P. Weidner
Great American Insurance Group