CINCINNATI–(BUSINESS WIRE)–Great American Life® is pleased to announce the availability
of two new fixed-indexed annuity products. The American Landmark℠ 3,
available in the Retail channel, and AssuranceSelect® 3 Plus,
available in the Financial Institutions channel, are designed for
consumers seeking growth opportunity with the flexibility to access
their funds penalty-free after just three years.
These new products offer indexed strategies linked to well-known indexes
and ETFs, including the S&P 500®, iShares U.S. Real
Estate ETF, and iShares MSCI EAFE ETF, providing upside potential in
diverse markets with complete protection against market loss.
Additionally, the American Landmark 3 and AssuranceSelect 3 Plus issue
up to age 90, giving older clients a safe vehicle for growth, which may
be attractive for those planning to leave a legacy for their loved ones.
According to Joe Maringer, National Sales Vice President, Great American
Life, the current market environment highlights the need for solutions
“Our goal is to offer our distribution partners and consumers products
that best fit the current economic environment. Between recent market
volatility and the yield curve inverting for the first time since 2007,
we believe these products are timely solutions for consumers seeking
growth potential along with protection from market swings.”
“As the only three-year fixed-indexed annuities available today, these
products give consumers the flexibility to walk away after three years
without penalty should their needs or market conditions change. This
increased flexibility is part of our ongoing commitment to keeping
things simple with transparent products that help our contract owners
achieve their goals with no surprises.”
Great American Life Insurance Company® is a member of Great
American Insurance Group® and is rated “A+” by Standard &
Poor’s and “A” (Excellent) by A.M. Best for financial strength and
About Great American Insurance Group
The annuity operations of Great American Insurance Group (GAIG) offer
retirement solutions through the sale of traditional fixed,
fixed-indexed and variable-indexed annuities in the retail,
broker-dealer, financial institutions and registered investment advisor
markets. Annuity subsidiaries include Great American Life Insurance
Company® and Annuity Investors Life Insurance Company®.
GAIG’s roots go back to 1872 with the founding of its flagship company,
Great American Insurance Company. The members of GAIG are subsidiaries
of American Financial Group, Inc. (AFG). AFG’s common stock is listed
and traded on the New York Stock Exchange under the symbol AFG. AFG is a
Fortune 500 Company with more than $60 billion in assets. Learn more at GAIG.com.
S&P rating affirmed March 14, 2019. “A+” is fifth highest of 21
categories. A.M. Best rating affirmed August 17, 2018. “A” (Excellent)
is third highest out of 16 categories.
Diane P. Weidner
American Insurance Group