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. PensionProtectSM is 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?
With a heritage dating back to 1872, we have a long history of helping people achieve their financial goals. We pride ourselves on our long-term financial strength and track record of success. Learn more about our financial strength ratings.
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.