We would love to hear from you. Click on the ‘Contact Us’ link to the right and choose your favorite way to reach-out!

wscdsdc

media/speaking contact

Jamie Johnson

business contact

Victoria Peterson

Contact Us

855.ask.wink

Close [x]
pattern

Blog + Articles

Categories

  • Industry Articles (13,736)
  • Industry Conferences (2)
  • Industry Job Openings (3)
  • Negative Media (128)
  • Positive Media (73)
  • Sheryl's Articles (524)
  • Sheryl's Blogs (150)
  • Wink's Articles (203)
  • Wink's Blogs (177)
  • Wink's Press Releases (80)
  • Blog Archives

  • November 2019
  • October 2019
  • September 2019
  • August 2019
  • July 2019
  • June 2019
  • May 2019
  • April 2019
  • March 2019
  • February 2019
  • January 2019
  • December 2018
  • November 2018
  • October 2018
  • September 2018
  • August 2018
  • July 2018
  • June 2018
  • May 2018
  • April 2018
  • March 2018
  • February 2018
  • January 2018
  • December 2017
  • November 2017
  • October 2017
  • September 2017
  • August 2017
  • July 2017
  • June 2017
  • May 2017
  • April 2017
  • March 2017
  • February 2017
  • January 2017
  • December 2016
  • November 2016
  • October 2016
  • September 2016
  • August 2016
  • July 2016
  • June 2016
  • May 2016
  • April 2016
  • March 2016
  • February 2016
  • January 2016
  • December 2015
  • November 2015
  • October 2015
  • September 2015
  • August 2015
  • July 2015
  • June 2015
  • May 2015
  • April 2015
  • March 2015
  • February 2015
  • January 2015
  • December 2014
  • November 2014
  • October 2014
  • September 2014
  • August 2014
  • July 2014
  • June 2014
  • May 2014
  • April 2014
  • March 2014
  • February 2014
  • January 2014
  • December 2013
  • November 2013
  • October 2013
  • September 2013
  • August 2013
  • July 2013
  • June 2013
  • May 2013
  • April 2013
  • March 2013
  • February 2013
  • January 2013
  • December 2012
  • November 2012
  • October 2012
  • September 2012
  • August 2012
  • July 2012
  • June 2012
  • May 2012
  • April 2012
  • March 2012
  • February 2012
  • January 2012
  • December 2011
  • November 2011
  • October 2011
  • September 2011
  • August 2011
  • July 2011
  • June 2011
  • May 2011
  • April 2011
  • March 2011
  • February 2011
  • January 2011
  • December 2010
  • November 2010
  • October 2010
  • September 2010
  • August 2010
  • July 2010
  • June 2010
  • May 2010
  • April 2010
  • March 2010
  • February 2010
  • January 2010
  • December 2009
  • November 2009
  • October 2009
  • August 2009
  • June 2009
  • May 2009
  • April 2009
  • March 2009
  • November 2008
  • May 2008
  • February 2008
  • Great American Life Collaborates with Raymond James to Develop First-Of-Its-Kind Annuity

    June 4, 2019 by Great American Life

    CINCINNATI–(BUSINESS WIRE)–Great American Life® is pleased to announce the launch of a new variable-indexed annuity developed in collaboration with Raymond James. The Index Summit 6℠, which will be offered through financial institutions, banks and independent broker dealers, is the only annuity on the market to offer crediting strategies with both upside and downside participation rates.

    The crediting strategies feature a 50% downside participation rate and current upside participation rates of up to 120% for the first term. For clients, this combination can mean greater growth opportunity while assuming only half the risk of index downturns each term.

    Additionally, the product’s crediting strategies offer participation in a variety of market segments with earning potential linked to well-known indexes and ETFs, including the S&P 500®, iShares U.S. Real Estate ETF, and iShares MSCI EAFE ETF. Between this opportunity for diversification and the unique combination of upside potential and downside protection, this new solution can help mitigate volatility risk and allow for greater growth potential in today’s increasingly uncertain market.

    The Index Summit 6 also offers a return of premium death benefit, no annual or recurring charges and an early withdrawal charge schedule that ends after six years. These features are part of Great American Life’s commitment to offering transparent products that help clients achieve their goals with no surprises.

    “We are incredibly honored to have worked with Raymond James to create this new, innovative solution in an increasingly competitive market,” said Joe Maringer, National Sales Vice President, Great American Life. “One of our main goals in developing this product was to provide an alternative to traditionally sold structured investments with the added benefit of tax deferral. This, coupled with its growth potential and protection factor, can make the Index Summit 6 an attractive investment vehicle for growth-focused clients seeking to mitigate market volatility.”

    Tom Layton, Vice President of Product Management at Raymond James, played a pivotal role in the development of this product.

    “While we have seen multiple carriers enter the variable-indexed annuity market, few have offered products with innovative crediting strategies,” Layton said. “When Great American asked for our input on potential products, we proposed this particular interest crediting idea because we believe it provides incremental value to investors. We were pleased to see the creation of this product as a result of this collaboration. Great American has always been a great partner, and the launch of the Index Summit 6 really takes that partnership to the next level.”

    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 operating performance.

    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 approximately $65 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.

    The Index Summit 6 can only be sold through a Broker/Dealer that is contracted with Great American Life Insurance Company (“Great American Life”). Sales solicitations must be accompanied or preceded by a prospectus. The prospectus contains important information about the Index Summit 6 annuity and Great American Life. To obtain a copy of the prospectus, please visit GAIGannuities.com. Read it carefully before you purchase an Index Summit 6 contract.

    Great American Life designed the contract to be a long-term investment that you can use to help build a retirement nest egg and provide income for retirement. The limitations, adjustments and charges included in the contract reflect its long-term nature. All guarantees are subject to the claims-paying ability of Great American Life. No company other than Great American Life has any legal responsibility to pay amounts owed under the contract.

    Variable-indexed annuities involve risk of potential loss, which may include both your original principal and prior earnings, and may not be suitable for all investors. Great American Life has the right to replace an index. Products and features may vary by state, and may not be available in all states.

    Withdrawals will reduce the account value, which in turn reduces the amount payable upon surrender, applied to the annuity payout benefit, or payable as the death benefit. Withdrawals may be subject to withdrawal charges. If you withdraw money from an indexed strategy before the end of a term, it will affect your return for that term and may have a significant negative effect. If under age 59½, the taxable amount withdrawn from a qualified or non-qualified annuity is generally subject to a 10% federal penalty tax.

    Great American Life Insurance Company is not an investment adviser and the information provided in this document is not investment advice, legal advice, or tax advice. You should consult your investment professional for advice based on your personal circumstances and financial situation. You should seek advice on legal or tax questions based on your particular circumstances from an attorney or tax advisor.

    Principal Underwriter/Distributor: Great American Advisors, Inc., member FINRA and an affiliate of Great American Life Insurance Company.

    Products are issued by Great American Life Insurance Company®, member of Great American Insurance Group (Cincinnati, Ohio) under contract form P1825218NW, endorsement form E1826318NW, and rider forms R1462416NW and R1462316NW (not available in Massachusetts). Contract and rider form numbers may vary by state. © 2019 by Great American Life Insurance Company. All rights reserved.

    Contacts

    For more information about Great American’s annuity products, contact:
    Donna Carrelli
    Divisional Vice President, Marketing Services
    Great American Insurance Group – Annuities
    513-412-1518
    dcarrelli@gaig.com

    Great American Insurance Group Media Contact:
    Diane P. Weidner
    Great American Insurance Group
    513-369-5713
    dweidner@amfin.com

    Originally Posted at Business Wire on May 30, 2019 by Great American Life.

    Categories: Industry Articles
    currency