Close Close
Sign In
Newsletters
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards
Podcast Center Video Center Webcasts Resource Center Events
About ThinkAdvisor Contact Us Advertise With Us Asset & Logo Licensing Sitemap Terms of Service Privacy Policy Copyright © 2024 ALM Global, LLC. All Rights Reserved.
ThinkAdvisor

Life Health > Annuities

Great American Adds Indexed Annuities

By Allison Bell

X
Your article was successfully shared with the contacts you provided.

Great American Life Insurance Company has introduced two new indexed annuity contracts: the American Landmark 3 contract and the AssuranceSelect 3 Plus contract.

(Related: Great American Adds 3-Year MYGA)

Great American is selling the American Landmark 3 contract through retail financial professionals and the AssuranceSelect 3 Plus contract through financial institutions.

Purchasers of the contracts can take cash out without facing surrender charges after three years.

The investment index menu for the contracts includes the S&P 500 index, the iShares U.S. Real Estate ETF, and the iShares MSCI EAFE ETF.

The contracts are available with an issue age up to age 90.

The company says it believes the contracts will be the only indexed annuities filed as fixed annuity products with a three-year surrender period.

In January, Great American introduced the American Freedom Classic 3 contract, a multi-year guaranteed annuity contract with a fixed interest rate that’s guaranteed to stay the same for three years.

Great American is a unit of Great American Insurance Group, which is part of American Financial Group Inc.

— Read Great-American Adds Variable Indexed Annuity, on ThinkAdvisor.

— Connect with ThinkAdvisor Life/Health on LinkedIn and Twitter.

Allison Bell

Think_Allison

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.