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
Understanding the Safety of Fixed and Fixed-indexed Annuities
If you’re looking for financial security and peace of mind for your retirement years, consider a fixed or fixed-indexed annuity. Unlike some financial products, annuities are not FDIC insured. But, they are backed by the financial strength, assets and guarantees of the insurance company issuing the product.
Financial Strength Ratings
Insurance companies are evaluated by third-party companies and assigned financial strength ratings based on factors such as their balance sheet strength, operating performance and business profile. Companies with high financial strength ratings have, in the rating company’s opinion, the ability to meet their ongoing obligations to you and their other customers.
State law requires insurance companies to maintain a minimum capital level to help ensure they remain financially strong and able to meet their commitments. This provides a layer of protection to help ensure your money will be there when you need it.
Fixed and fixed-indexed annuities come with several guarantees, such as guaranteed interest rates, guaranteed annuity payments and guaranteed minimum values. These guarantees are subject to the claims-paying ability of the issuing company. So it’s important to choose a financially strong company when you buy an annuity.
About Great American Life
- Rated “A+ (Strong)” by Standard & Poor’s and “A (Excellent)” by A.M. Best
- Subsidiary of American Financial Group, which is publicly traded on the New York Stock Exchange (NYSE: AFG)
- American owned and operated with a heritage dating back over a century
Annuities are designed to help you meet your long term financial goals. Great American Life Insurance Company® has a long history of helping people achieve their goals and is committed to remaining a financially strong company you can rely on for years to come.
Not FDIC or NCUSIF Insured • No Bank or Credit Union Guarantee • Not Insured by any Federal Government Agency • Not a Deposit • May Lose Value
S&P rating affirmed Feb. 8, 2017 and is the fifth highest of 21 categories. A.M. Best rating affirmed Aug. 11, 2017 and is the third highest of 21 categories. Ratings apply only to the claim-paying ability of Great American Life®. See the rating agency's website for more information on a rating. Products issued by Great American Life Insurance Company (Cincinnati, Ohio). This information is not intended or written to be used as legal or tax advice. Clients should seek advice on legal and tax questions from an independent attorney or tax advisor.