Annuities

Great American Insurance Group is committed to simplifying your path to financial security with annuities that are easier to understand and superior service every step of the way.

What does the perfect retirement look like to you? It might be relaxing on the beach, traveling the world, giving back to your community or simply spending time with family. The fact is, no matter how you plan to spend your retirement, you need a solid financial plan to get there.

An annuity might be one solution to help you achieve your goals.

What is an annuity?

Simply put, an annuity is a contract between you and an insurance company. It is designed to protect and grow your money, and then provide a stream of income during your retirement.

Here are some reasons you might want to consider purchasing an annuity:

  • Protection and growth: You want to protect your money from loss while still having growth opportunity.
  • Tax-deferral: You want to take advantage of tax-deferred growth.
  • Retirement income: You want to turn the money you’ve saved into a regular paycheck for a specified number of years or for life.
  • Death benefit: You’re looking for an efficient way to leave a legacy for your loved ones.

Tools & Resources

Find Tools & Resources to help secure your financial future.

Are you a current annuity policyholder?

Looking for coverage for your business?

  For Businesses

Types of Annuities

Grow your money based on the performance of an external index, while protecting it from market declines.

Grow your money at a fixed rate that is guaranteed for a specified period of time.

Grow your money based on the performance of an external index, and choose a level of protection from market declines.

Grow your money through the performance of underlying subaccounts that you select.

Turn your money into an immediate stream of income.

A solution for businesses that want to transfer their pension risk.

Annuity Insights


Is a fixed or fixed-indexed annuity right for you?

Aug 23, 2017, 15:00 PM
Purchasing an annuity may help you prepare for the future, and we at Annuity InvestorsĀ® Life understand how important long term security is to your retirement.
Fixed, Fixed-Indexed, Annuity, Annuities, Great American Insurance Group
Purchasing an annuity may help you prepare for the future, and we at Annuity InvestorsĀ® Life understand how important long term security is to your retirement.
Author : Great American Insurance Group
Meta Title : Is a fixed or fixed-indexed annuity right for you? - Great American Insurance Group
Published Date : Aug 21, 2017, 00:00 AM

Learn more about annuities

chalkboard with male hand and dollar sign and question mark

Purchasing an annuity may help you prepare for the future, and we at Annuity Investors® Life understand how important longterm security is to your retirement. With a deferred annuity, you can receive payments at regular intervals based on the purchase payments you make to that contract if you annuitize the contract. The main reason to buy an annuity contract is to obtain an income, usually for retirement.

Below are a few reasons why a fixed or fixed-indexed annuity may be the right choice for you.

Fixed annuities

A fixed annuity offers the stability of a fixed interest rate that is determined by the company and is guaranteed to never be below a minimum interest rate. This rate can be changed by the company at any time. Interest is credited daily. A guaranteed minimum interest rate is one reason a fixed annuity may be the right choice for you.

 

Fixed indexed annuities

A fixed-indexed annuity is a deferred annuity with multiple interest crediting strategies. This annuity allows you to allocate your money among strategies that credit interest in various ways. Some strategies may have interest rates that are declared at the beginning of a term, while other strategies may be credited interest rates that are determined, in part, by an external index, such as the S&P 500®. The declared rate for a fixed-indexed product can vary from term to term. Interest is credited at the end of each term, and a fixed-indexed product may earn 0% interest for a term. When you buy a fixed-indexed annuity, you are not buying shares of any stock or index. Fixed-indexed annuities may be right for you if you want the potential to earn interest at rates higher than those traditionally available from fixed annuities and you like the idea of receiving interest at a rate determined, in part, by the performance of an index.

All of our flexible premium fixed and fixed-indexed annuities feature:

  • Flexible and periodic purchase payments as low as $50 per month, or a lump sum of $3,000;
  • 10% penalty-free withdrawals;
  • An early withdrawal charge1;
  • Extended care and terminal illness waivers that waive the early withdrawal charge under certain circumstances to help ease the strain of unforeseen events;
  • A built-in death benefit that will distribute the remaining contract value to your beneficiaries without going through probate; and
  • The ability to accept 403(b), 457, IRA and NQ funds.

1 Early withdrawal charges may be referred to as surrender charges in your contract.

Products issued by Annuity Investors Life Insurance Company®, a member of Great American Insurance Group®, Cincinnati, OH. All guarantees based on the claims-paying ability of Annuity Investors Life. Withdrawals and distributions may be subject to income tax and, for some tax qualifications, may be restricted. If withdrawals or distributions are taken prior to age 59½, a 10% federal penalty tax may apply. The S&P 500 Index is a product of S&P Dow Jones Indices LLC (“SPDJI”), and has been licensed for use by Annuity Investors Life. Standard & Poor’s®, S&P®, and S&P 500® are registered trademarks of Standard & Poor’s Financial Services LLC (“S&P”); Dow Jones® is a registered trademark Dow Jones Trademark Holdings LLC (“Dow Jones”); and these trademarks have been licensed for use by SPDJI and sublicensed for certain purposes by Annuity Investors Life. Annuity Investors Life’s fixedindexed products are not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, S&P, their respective affiliates, and none of such parties makes any representation regarding the advisability of purchasing one of these fixed-indexed annuities nor do they have any liability for any errors, omissions or interruptions of the S&P 500 Index.

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