In a press release last week, Great American Life Insurance Company® announced that their fee-based annuity will now be available through Brookstone Capital Management (BCM). The annuity product will allow BCM advisors to offer clients more diversification for their portfolios in order to manage risk.
“We are thrilled to add a leader like Brookstone Capital to the growing list of RIAs that understand the value insurance adds to a portfolio by helping clients to achieve better results,” said Joe Maringer, National Sales Vice President at Great American Life.
Index Protector 7 is one of the first fee-based annuities to hit the market, offering competitive earning potential, tax-deferred growth and a return of premium guarantee. Consumers also have the option to add the low-cost Income Keeper rider, which provides lifetime income payments that could increase each year. BCM is one of nearly 50 Registered Investment Advisors (RIAs) positioned to sell the product.
“As fixed income yields remain near all-time lows, advisors may be looking for new ways to help clients generate higher returns and offset the impact when rates do rise,” Maringer added. “The Index Protector 7 may be an attractive alternative to traditional fixed income offerings by providing greater growth opportunity and protection from market downturns.
BCM Founder and CEO, Dean Zayed, claims that the addition of the Index Protector 7 was an easy decision in that it adds even more options to their diverse platform.
“Brookstone has always been ahead of changes and trends in the industry,” Zayed stated. “Giving our 350+ affiliated advisors access to this innovative product is a testament to our belief in fee-based annuities, as well as our commitment to ensuring they have the cutting-edge tools needed to serve each and every client.”
Tony Compton, Vice President of Broker/Dealer and RIA Sales at Great American Life, added, “Over the years, we have watched Brookstone Capital become an industry leader in designing risk-management portfolios. Their advisors are embracing annuities as a part of the solution, so we are excited to partner with them to offer a fee-based fixed-indexed annuity to their clientele.”
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.
Written by Rachel Summit