CINCINNATI--(BUSINESS WIRE)--
Great American Life Insurance Company® is pleased to announce
that its new, fee-based fixed-indexed annuity with optional guaranteed
income rider is now available through financial advisors at Raymond
James. The annuity will complement the commissioned-based indexed
annuities already on the firm's platform and provide an additional
fee-based option.
The Index ProtectorSM 7 fixed-indexed annuity, introduced in
August, marks Great American Life's entry into the investment advisory
channel. As one of the first fixed-indexed annuities to hit this
emerging market, the Index Protector 7 is designed for financial
advisors who offer fee-based services.
The Index Protector 7 offers competitive earning potential, tax-deferred
growth and a return of premium guarantee. In addition, consumers can add
the low-cost Income KeeperSM rider, which provides lifetime
income payments that could increase each year.
According to Joe Maringer, National Sales Vice President, Great American
Life, the Index Protector 7 is an opportunity for consumers to further
diversify* their portfolios.
"We are pleased to further partner with a leading organization like
Raymond James to offer a product that fits into a fee-based advisory
model. This is a relatively new development in the fixed-indexed annuity
marketplace. Due to the persistently low interest rate environment,
advisors may be seeking alternatives for the traditional fixed income
portion of clients' investment portfolios. Incorporating the Index
Protector 7 into a portfolio brings several advantages, which is why we
are confident it is a solution that advisors will be excited to offer,"
said Maringer.
According to Scott Stolz, Senior Vice President, PCG Investment Products
at Raymond James, "Demographic trends continue to favor fixed-indexed
annuities. In addition to the much needed income guarantees, they
provide our clients the potential to get returns in excess of inflation
while subjecting their principal to minimal risk. We invited Great
American to provide an annuity option for those advisors and clients who
prefer an advisory arrangement. We believe that, given the changing
regulatory landscape, the need for fee-based annuities will only grow."
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 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®. 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 more than
$50 billion as of June 30, 2016. Learn more at GAIG.com.
About Raymond
James Financial, Inc.
Raymond James Financial, Inc. (NYSE: RJF) is a leading diversified
financial services company providing private client group, capital
markets, asset management, banking and other services to individuals,
corporations and municipalities. The company has approximately 6,900
financial advisors serving in excess of 2.8 million client accounts in
more than 2,800 locations throughout the United States, Canada and
overseas. Total client assets are approximately $556 billion. Public
since 1983, the firm has been listed on the New York Stock Exchange
since 1986 under the symbol RJF. Additional information is available at www.raymondjames.com.
*Diversification does not ensure a profit or protection against loss.
S&P rating affirmed March 2, 2016. "A+" is fifth highest of 22
categories. A.M. Best rating affirmed May 12, 2016. "A"
(Excellent) is third highest out of 16 categories.
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