According to a Business Wire press release, Great American Life® was just ranked at the top of the list in fixed-indexed annuity sales through financial institutions in 2016. The insurer is responsible for nearly 20% of the $10 billion in industry sales.
Tim Minard, Senior Vice President and Chief Distribution Officer, says the company has their distribution partners to thank for their success.
“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,” Minard stated. “We admire their commitment and are honored to be a part of their business.”
Minard also credits their focus on keeping things simple when it comes to sales.
“Planning for retirement can be overwhelming, that’s why our mission is to make things simple for our distribution partners and customers,” he added. “From products and services to technology and processes, we owe it to them to continually find ways to make things easier and improve their experience.”
Fixed-indexed annuities from Great American Life are available in about 35 major banks and financial institutions across the United States. Consumers looking for protection of their principal without giving up growth potential are those who are likely to be most attracted to them. They also offer additional benefits, like the option to receive lifetime income or leave a death benefit for loved ones, that aren’t always available in traditional principal protection products.
The annuity subsidiaries of Great American Insurance Group (GAIG) include Great American Life Insurance Company® and Annuity Investors Life Insurance Company®, offering retirement solutions via the sale of traditional fixed and fixed-indexed annuities in retail, education and financial institution markets. Both companies have achieved “A+” ratings by Standard & Poor’s and an “A” rating by A.M. Best for financial strength and operating performance.
Written by Rachel Summit