Great American Insurance Group

Great American Insurance Group

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Why Great American Annuities?

As an independent agent with Great American Insurance Group, you can provide your clients industry-leading insurance products. You will also benefit from working with specialists who understand the needs of your agency and the clients you serve.

Great American is committed to simplifying your client's path to financial security with annuities that are easier to understand and superior service every step of the way. Great American offers Fixed Indexed Annuities, Fixed Annuities, and Immediate Annuities.

Great American Life® is proud to have been rated “A" (Excellent) or higher by A.M. Best for more than 40 consecutive years (most recent affirmation August 17, 2018).

  • Main Contact – 301 E. Fourth St. Cincinnati, OH 45202
  • GAIG.com/Annuities
  • Sales and Marketing Support for Agents 800-438-3398
  • Customer Service 800-854-3649

Helpful links and info:

State Availability

Check out the full state availability grid here.

SecureGain 5 Fixed Annuity

This fixed annuity offers a 0.25% first-year interest rate bonus, and a base interest rate that increases 0.10% in years two through five. This product accepts single purchase payments.

Issue ages:

  • Qualified 0-89
  • Non-qualified 0-89
  • Inherited IRA 0-75
  • Inherited non-qualified 0-75

Purchase payments:

  • Minimum: $10,000
  • Maximum: $1 million for ages 0-85; $500,000 for ages 86+

Free withdrawals after Year 1:

  • During the first contract year, 10% of the purchase payment may be withdrawn without an early withdrawal charge or market value adjustment
  • After the first contract year, 10% of the account value as of the most recent contract anniversary may be withdrawn without an early withdrawal charge or market value adjustment.

Payout Options:

  • Fixed period payout
  • Life payout
  • Life payout with payments for at least a fixed period
  • Joint and one-half survivor payout

SecureGain 7 Fixed Annuity

Offer your clients guaranteed growth with SecureGain 7. This fixed annuity offers a 1% first-year interest rate bonus, and a base interest rate that increases 0.25% in years two through seven. This product accepts single purchase payments.

Issue ages:

  • Qualified 0-85
  • Non-qualified 0-85
  • Inherited IRA 0-75
  • Inherited non-qualified 0-75

Purchase payments:

  • Minimum: $10,000
  • Maximum: $1 million for ages 0-85

Free withdrawals after Year 1:

  • During the first contract year, 10% of the purchase payment may be withdrawn without an early withdrawal charge or market value adjustment
  • After the first contract year, 10% of the account value as of the most recent contract anniversary may be withdrawn without an early withdrawal charge or market value adjustment.

Payout Options:

  • Fixed period payout
  • Life payout
  • Life payout with payments for at least a fixed period
  • Joint and one-half survivor payout

SPIA

For a single purchase payment of $10,000 or more, our Single Premium Immediate Annuity (SPIA) guarantees your clients a consistent cash flow of scheduled periodic payments. Payout periods range from five years to life.

Issue ages:

  • Qualified 0-95
  • Non-qualified 0-95

Purchase payments:

  • Minimum: $10,000
  • Maximum: $1 million for ages 0-85; $500,000 for ages 86+

American Custom 10 (FIA)

Help your clients reach their retirement goals with American Custom 10. This fixed-indexed annuity offers a suite of innovative riders to help your clients meet their income or legacy-planning needs, and features early withdrawal charges and market value adjustments that end after 10 years.

Issue ages:

  • Qualified 0-85
  • Non-qualified 0-85
  • Inherited IRA 0-75
  • Inherited non-qualified 0-75

Purchase payments:

  • Minimum: $25,000
  • Subsequent: $2,000
  • Maximum: $1 million for ages 0-85

Interest strategies available:

  • Declared Rate
  • S&P 500 1-Year Point-to-Point with Cap
  • SPDR Gold Shares 1-Year Point-to-Point with Cap
  • S&P 500 Risk Control 1-Year Point-to-Point with Par Rate
  • iShares U.S. Real Estate 1-Year Point-to-Point with Cap

Free withdrawals:

  • During the first contract year, 5% of purchase payments may be withdrawn without an early withdrawal charge or market value adjustment.
  • After the first contract year, 5% of the account value as of the most recent contract anniversary may be withdrawn without an early withdrawal charge or market value adjustment.

Payout Options:

  • Fixed period payout
  • Life payout
  • Life payout with payments for at least a fixed period
  • Joint and one-half survivor payout

American Landmark 3

This fixed-indexed annuity offers multiple indexed strategies, accepts additional purchase payments during the first two contract months, and features early withdrawal charges and market value adjustments that end after three years.

Issue ages:

  • Inherited IRA 0-75
  • Inherited non-qualified 0-75
  • Qualified 0-90
  • Non-qualified 0-90
  • In Texas, contracts can only be issued up to age 85

Purchase payments:

  • Minimum: $50,000
  • Subsequent: $2,000
  • Maximum: $1 million for ages 0-85; $500,000 for ages 85+

Interest strategies available:

  • Declared Rate
  • S&P 500 1-Year Point-to-Point with Cap
  • iShares U.S. Real Estate 1-Year Point-to-Point with Cap
  • iShares MSCI EAFE 1-Year Point-to-Point with Cap

Free withdrawals:

  • During the first contract year, 10% of purchase payments may be withdrawn without an early withdrawal charge or market value adjustment.
  • After the first contract year, 10% of the account value as of the most recent contract anniversary may be withdrawn without an early withdrawal charge or market value adjustment.

Payout Options:

  • Fixed period payout
  • Life payout
  • Life payout with payments for at least a fixed period
  • Joint and one-half survivor payout

American Landmark 5

This fixed-indexed annuity offers multiple indexed strategies, accepts additional purchase payments during the first two contract months, and features early withdrawal charges and market value adjustments that end after five years.

Issue ages:

  • Qualified 0-89
  • Non-qualified 0-89
  • Inherited IRA 0-75
  • Inherited non-qualified 0-75
  • In Texas, contracts can only be issued up to age 86

Purchase payments:

  • Minimum: $10,000
  • Subsequent: $2,000
  • Maximum: $1 million for ages 0-85; $500,000 for ages 85+

Interest strategies available:

  • Declared Rate
  • S&P 500 1-Year Point-to-Point with Cap
  • S&P 500 Risk Control 1-Year Point-to-Point with Par Rate
  • S&P U.S. Retiree Spending 1-Year Point-to-Point with Par Rate
  • iShares U.S. Real Estate 1-Year Point-to-Point with Cap

Free withdrawals:

  • During the first contract year, 10% of purchase payments may be withdrawn without an early withdrawal charge or market value adjustment.
  • After the first contract year, 10% of the account value as of the most recent contract anniversary may be withdrawn without an early withdrawal charge or market value adjustment.

Payout Options:

  • Fixed period payout
  • Life payout
  • Life payout with payments for at least a fixed period
  • Joint and one-half survivor payout

American Legend III

This fixed-indexed annuity offers multiple indexed strategies, accepts additional purchase payments, and features early withdrawal charges that end after seven years.

Issue ages:

  • Qualified 0-85
  • Non-qualified 0-85
  • Inherited IRA 0-75
  • Inherited non-qualified 0-75

Purchase payments:

  • Minimum: $10,000
  • Subsequent: $2,000
  • Maximum: $1 million for ages 0-85

Interest strategies available:

  • Declared Rate
  • S&P 500 1-Year Point-to-Point with Cap
  • S&P 500 1-Year Monthly Sum with Cap
  • SPDR Gold Shares 1-Year Point-to-Point with Cap
  • S&P 500 Risk Control 1-Year Point-to-Point with Par Rate
  • S&P U.S. Retiree Spending 1-Year Point-to-Point with Par Rate
  • iShares U.S. Real Estate 1-Year Point-to-Point with Cap

Free withdrawals:

  • During the first contract year, 10% of purchase payments may be withdrawn without an early withdrawal charge.
  • After the first contract year, 10% of the sum of the account value as of the most recent contract anniversary plus all purchase payments received since that contract anniversary may be withdrawn without an early withdrawal charge

Payout Options:

  • Fixed period payout
  • Life payout
  • Life payout with payments for at least a fixed period
  • Joint and one-half survivor payout

American Legend 7

This fixed-indexed annuity offers multiple indexed strategies, accepts additional purchase payments, and features early withdrawal charges and market value adjustments that end after seven years.

Issue ages:

  • Qualified 0-85
  • Non-qualified 0-85
  • Inherited IRA 0-75
  • Inherited non-qualified 0-75

Purchase payments:

  • Minimum: $10,000
  • Subsequent: $2,000
  • Maximum: $1 million for ages 0-85

Interest strategies available:

  • Declared Rate
  • S&P 500 1-Year Point-to-Point with Cap
  • S&P 500 1-Year Monthly Sum with Cap
  • SPDR Gold Shares 1-Year Point-to-Point with Cap
  • S&P 500 Risk Control 1-Year Point-to-Point with Par Rate
  • S&P U.S. Retiree Spending 1-Year Point-to-Point with Par Rate
  • iShares U.S. Real Estate 1-Year Point-to-Point with Cap

Free withdrawals:

  • During the first contract year, 10% of purchase payments may be withdrawn without an early withdrawal charge or market value adjustment.
  • After the first contract year, 10% of the sum of the account value as of the most recent contract anniversary plus all purchase payments received since that contract anniversary may be withdrawn without an early withdrawal charge or market value adjustment

Payout Options:

  • Fixed period payout
  • Life payout
  • Life payout with payments for at least a fixed period
  • Joint and one-half survivor payout

Premier Bonus

This fixed-indexed annuity offers a 5.75% bonus on all purchase payments, and features early withdrawal charges and market value adjustments that end after seven years.

Issue ages:

  • Qualified 0-85
  • Non-qualified 0-85
  • Inherited IRA 0-75
  • Inherited non-qualified 0-75

Purchase payments:

  • Minimum: $10,000
  • Subsequent: $2,000
  • Maximum: $1 million for ages 0-85

Interest strategies available:

  • Declared Rate
  • S&P 500 1-Year Point-to-Point with Cap
  • S&P 500 Risk Control 1-Year Point-to-Point with Par Rate
  • S&P U.S. Retiree Spending 1-Year Point-to-Point with Par Rate
  • iShares U.S. Real Estate 1-Year Point-to-Point with Cap

Free withdrawals:

  • During the first contract year, 10% of purchase payments may be withdrawn without an early withdrawal charge or market value adjustment.
  • After the first contract year, 10% of the account value as of the most recent contract anniversary may be withdrawn without an early withdrawal charge or market value adjustment.

Payout Options:

  • Fixed period payout
  • Life payout
  • Life payout with payments for at least a fixed period
  • Joint and one-half survivor payout

Premier Income Bonus

This fixed-indexed annuity includes a built-in income rider with an 8% rider bonus, and features early withdrawal charges and market value adjustments that end after seven years.

Issue ages:

  • 40-85 (Q & NQ)
  • Income payments may begin at age 55

Purchase payments:

  • Minimum: $10,000
  • Subsequent: $2,000
  • Maximum: $1 million for ages 0-85

Interest strategies available:

  • Declared Rate
  • S&P 500 1-Year Point-to-Point with Cap
  • S&P 500 Risk Control 1-Year Point-to-Point with Par Rate
  • S&P U.S. Retiree Spending 1-Year Point-to-Point with Par Rate
  • iShares U.S. Real Estate 1-Year Point-to-Point with Cap

Free withdrawals:

  • During the first contract year, 10% of purchase payments may be withdrawn without an early withdrawal charge or market value adjustment.
  • After the first contract year, 10% of the account value as of the most recent contract anniversary may be withdrawn without an early withdrawal charge or market value adjustment.

Rider Description:

Includes a built-in rider that offers guaranteed growth with an 8% rider bonus, 8% rollup credit and 10-year rollup period. Additionally, payout percentages increase 0.10% each year your clients wait to start income payments, until it reaches 7.5% for single lifetime income and 6.5% for joint lifetime income.

There is an annual charge for the rider that is currently 1.15%.

Payout Options:

  • Fixed period payout
  • Life payout
  • Life payout with payments for at least a fixed period
  • Joint and one-half survivor payout

Safe Return

This fixed-indexed annuity offers a return of premium guarantee, a bailout on indexed strategies, and features early withdrawal charges that end after 10 years.

Issue ages:

  • Qualified 0-85
  • Non-qualified 0-85
  • Inherited IRA 0-75
  • Inherited non-qualified 0-75

Purchase payments:

  • Minimum: $25,000
  • Subsequent: $2,000 (Q); $5,000 (NQ)
  • Maximum: $1 million for ages 0-75; $750,000 for ages 76-80; $500,000 for ages 81+ without prior Home Office approval

Interest strategies available:

  • Declared Rate
  • S&P 500 1-Year Point-to-Point with Cap
  • S&P 500 Risk Control 1-Year Point-to-Point with Par Rate
  • iShares U.S. Real Estate 1-Year Point-to-Point with Cap

Free withdrawals:

  • During the first contract year, 10% of purchase payments may be withdrawn without an early withdrawal charge.
  • After the first contract year, 10% of the account value as of the most recent contract anniversary may be withdrawn without an early withdrawal charge.
  • In the event a cap or participation rate falls below its bailout rate, early withdrawal charges will be waived

Payout Options:

  • Fixed period payout
  • Life payout
  • Life payout with payments for at least a fixed period
  • Joint and one-half survivor payout

New to Annuity Sales?

Annuity sales are a huge opportunity for independent agents in the senior market. If you want to learn how to sell annuities to seniors, you've come to the right place!

Check out our complete guide here: The Ultimate Guide to Selling Annuities In the Senior Market

Also, check out this video from annuity all-star, Michael Sams:

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This product may be available in other states not listed. Please contact us to inquire.