CINCINNATI--(BUSINESS WIRE)--Great American Life® ranked number one in fixed-indexed annuity sales through financial institutions in 2016, capturing nearly 20% of the channel’s $10 billion in sales.
Great American Life has been a fixed-indexed annuity leader in this channel for the last several years, landing the number one spot in 2014 and number two in 2015.
According to Tim Minard, Senior Vice President and Chief Distribution Officer, the company owes much of the success to its distribution partners and a focus on keeping things simple.
“This incredible achievement would not be possible without our dedicated distribution partners who work day in and day out to help their clients achieve their financial goals,” says Minard. “We admire their commitment and are honored to be a part of their business.”
“Planning for retirement can be overwhelming, that’s why our mission is to make things simple for our distribution partners and customers,” Minard adds. “From products and services to technology and processes, we owe it to them to continually find new ways to make things easier and improve their experience.”
The company’s fixed-indexed annuities are available in approximately 35 major banks and other financial institutions across the country. The products could be an attractive option for customers looking to protect their principal without giving up growth opportunity. Plus, they offer additional benefits customers might not find in traditional principal protected products, such as the option to receive lifetime income or leave a death benefit for their beneficiaries.
About Great American Insurance Group – Annuities
The annuity operations of Great American Insurance Group (GAIG) offer retirement solutions through the sale of traditional fixed and fixed-indexed annuities in the retail, financial institutions and education markets. Annuity subsidiaries include Great American Life Insurance Company® and Annuity Investors Life Insurance Company®. Both companies are rated “A+” by Standard & Poor’s and “A” (Excellent) by A.M. Best for financial strength and operating performance.* 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 assets of $55 billion as of December 31, 2016. Learn more at GAIG.com.
Source: LIMRA Secure Retirement Institute 4Q 2016 U.S. Individual Annuities Sales Survey
*S&P rating affirmed February 8, 2017. “A+” is fifth highest of 22 categories. A.M. Best rating affirmed May 12, 2016. “A” (Excellent) is third highest of 16 categories.