As stated in a company press release on Datamonitor via COMTEX, Great American Life Insurance has released a new single premium fixed-indexed annuity product. GALI is a subsidiary of Great American Financial Resources. The product is called Safe Return and is meant for people who want to both preserve their wealth and have the possibility of growing it. The two features that accomplish this and make Safe Return stand out from Great American Life’s other product offerings are a bailout cap and a return of premium component.
Great American Financial Resources executive vice president and the manager of the single premium group, Malott Nyhart stressed the importance of Safe Return right now. He said that all consumers are very concerned with securing their financial future. The two new features provide much more protection of the clients’ investments, while preserving their retirement income.