Great American Life Insurance Company Legal and Privacy Information
A solution for businesses that want to transfer their pension risk.
Today’s unpredictable market, coupled with the costs and complexities of running a defined benefit plan, may mean it’s time for plan sponsors to transfer their pension risk. That’s why we offer a group annuity that can provide guaranteed benefit payments to participants of terminated pension plans.
- For plan sponsors: Reduced risk and liabilities
- For plan participants: A steady stream of income from a company with years of annuity experience
Why Great American Life?
As a leading provider of annuities, Great American Life Insurance Company is committed to helping people plan for a secure retirement. We offer a level of financial strength that our customers can count on. We are a wholly owned subsidiary of MassMutual, one of the largest life insurance companies in the U.S., founded in 1851.
Since 2000, Great American Life has paid more than $6 billion in guaranteed income benefits to our valued contract owners, including more than $675 million in 2017.*
*The guaranteed income benefit amount includes annuity benefit payments under immediate and deferred annuities, income benefit payments under guaranteed withdrawal benefit riders and contract withdrawals taken by owners after their rider benefit payments began.