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.
Types of Annuities
Is your money protected from the next market decline?
See how a fixed-indexed annuity can help
A fixed-indexed annuity helps you accumulate money for retirement with principal protection and growth potential. You have the opportunity to allocate money to indexed strategies that credit interest based, in part, on the change in an external index, such as the S&P 500®. Interest credited may vary from term to term, but your account value will not go down, unless you take a withdrawal during the early withdrawal charge period.
The chart below shows historical S&P 500 performance. While the peaks represent an opportunity for growth in the stock market, the valleys represent a threat for significant loss. Fixed-indexed annuities protect against the possible losses that come with investing directly in the market.
You can’t predict which way the market will go. One thing you can count on is that a fixed-indexed annuity will protect your money from the next market decline.
Talk with your insurance professional to see how a fixed-indexed annuity can fit into your overall retirement plan and long-term financial goals.
To demonstrate the volatility of the stock market, selected high and low S&P 500 index values are shown in the graph above. Index values fluctuate over time. The connecting lines between the points do not represent actual index values.
While past performance does not guarantee future results, with a fixed-indexed annuity, you can be certain that your money will be protected against loss if you hold your annuity through the early withdrawal charge period.
With a fixed-indexed annuity, money can be allocated to an indexed strategy for a specified period of time (term). Indexed interest is credited only on the last day of the term. The portion of a positive index change credited to the account value is limited by the cap or the participation rate we set for the term. For example, Great American Life Insurance Company currently offers fixed indexed annuities that include one-year point-to-point S&P 500 indexed strategies with caps ranging from 3.75% to 4.25% or participation rates ranging from 30% to 35%. The indexed interest rate for a term will never be lower than 0%, but we do not guarantee that amounts allocated to an indexed strategy will earn interest.
When you buy a fixed-indexed annuity, you own an insurance contract. You are not buying shares of any stock or index. All guarantees are backed by the claimspaying ability of the issuing insurance company.
The S&P 500 Index is a product of S&P Dow Jones Indices LLC (“SPDJI”), and has been licensed for use by Great American Life Insurance Company®. 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 Great American Life Insurance Company. Great American Life Insurance Company's annuity 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 said products nor do they have any liability for any errors, omissions or interruptions of the S&P 500 Index.
Products issued by Annuity Investors Life Insurance Company® and Great American Life Insurance Company®, members of Great American Insurance Group, Cincinnati OH. Copyright © 2016 by Great American Life Insurance Company. All rights reserved.
Not FDIC or NCUSIF Insured • No Bank or Credit Union Guarantee • Not Insured by any Federal Government Agency • Not a Deposit • May Lose Value