Great American Life Insurance Company Annuities
SecureGain 5
Offer your clients inflationary protection with SecureGain 5! This fixed annuity offers a 0.25% first-year interest rate bonus. Plus, after the first contract year of the initial term, 0.10% will be added to the base interest rate in years two through five. This product is issued with single premium only. Additional purchase payments require a separate contract. For a complete product description, see the Product Guide located under the Marketing Materials tab.
PRODUCT DETAILS
- Inherited IRA 18-75
- Inherited non-qualified 0-75
- Qualified 18-89
- Non-qualified 0-89
- Non-qualified
- Inherited non-qualified
- 403(b) (Traditional and Roth)
- IRA (Traditional, Inherited, Roth and SIMPLE)
- 457(b)
- Issued with single premium
- Additional purchase payments require a separate contract
Minimum:
- $10,000
Maximum:
- $1 million for ages 0-75
- $750,000 for ages 76-80
- $500,000 for ages 81+ without prior Home Office approval
- 0.25% first year bonus interest rate
- 0.10% annual interest rate adjustment in years 2-5
- 5-year declining 9%, 8%, 7%, 6%, 5%
- During the first contract year, 10% of purchase payments may be withdrawn without an early withdrawal charge.
- After the first contract year, 10% of the account value as of the most recent contract anniversary may be withdrawn without an early withdrawal charge.
A market value adjustment will apply if, prior to the end of the initial five-year term, the contract is surrendered or a withdrawal above the free withdrawal allowance is taken.
- Terminal Illness Waiver
- Extended Care Waiver
Extended care waiver rider - After the first contract year, if the contract owner is confined to a nursing home or long-term care facility for at least 90 consecutive days as prescribed by a physician for a medically necessary reason, early withdrawal charges will be waived on withdrawals up to a full surrender. There is no additional charge for this waiver.
Terminal illness waiver rider - After the first contract year, if the contract owner is diagnosed by a physician as having a terminal illness (prognosis of survival is 12 months or less, or a longer period as required by state law), early withdrawal charges will be waived on withdrawals up to a full surrender. There is no additional charge for this waiver.
Complete the form below to find product-specific marketing materials. Additional materials are located under Marketing and Sales Materials.
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