Great American Life News

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October 20, 2014

Tackle your clients’ retirement with the new American Custom 10! 

The new American Custom 10 fixed-indexed annuity from Great American Life
offers competitive benefits to help your clients create a winning strategy for their retirement. Product highlights include:

 10-year early withdrawal charge schedule

5% penalty-free withdrawals

Multiple indexed
strategies
:

     -S&P 500 1-year point-to-point with cap

     -SPDR GLD 1-year point-to-point with cap

     -S&P 500 1-year point-to-point with

      participation rate – uncapped growth potential!

Four commission options for you!

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Plus, customize your
clients’ strategy with one of our new optional riders, available
exclusively with the American Custom 10!

 

Cumulative Free-Withdrawal Option



Simple Income Option



Stacked Income Option

Maximum 25% (20% maximum carryover, plus 5% annual free withdrawal)


10% income rollup for 10 years & early income enhancement



5% income rollup for 10 years, plus 100% of account value interest for the life of the contract.

 

New State Approvals

The American Custom 10
is now available for sale in Hawaii, Illinois and
Maryland
making it available in 30 states!


See the state approval chart for details
.

Please note Illinois has approved the Cumulative Free-Withdrawal rider.
Hawaii and Maryland have not approved the optional riders.

 

Non-MVA Version (California, Ohio and Texas)

Please note the non-MVA
version of the American Custom 10 is a true single premium product, and
does not accept additional purchase payments. This may differ from what
was communicated during product training.



Training Reminder

If you need to complete NAIC product-specific training for the American Custom 10, you may do so here or view our frequently asked questions for more details. Please note LIMRA currently does not support training through Firefox.

 

Not sure if you have completed the required training?
Access your training status here.


New commission option available for American Legend III!

 

Great news! The American Legend III now offers a Trail AV commission option. As a reminder, Trail AV pays an upfront commission plus an immediate trail payment the first
contract year followed by quarterly trail payments for the life of the contract base on the account value.

 

Check out the American Legend III commission calculator
to see how your earnings can add up with a trail!


 Reminder – Rate decreases effective October 27 & November 21


Please remember, due to the recent decline in 10-year treasury rates and
steadily rising volatility rates, the following changes are effective October 27 and November 21, 2014.

Effective Monday, October 27, 2014


·        The American Valor 10 premium
bonus
is decreasing from 4% to 2%

·

The Safe Return bailout cap
is decreasing to 3% for both the point-to-point and monthly averaging
indexed strategies. This is a change from the previous 50 bps spread.

 

Order tickets received
by Friday, October 24 must have funds in the Home Office by Friday, November
21 to receive the previous rates.


Effective Friday, November 21, 2014

 

·

Fixed interest rates and caps
are decreasing for the American Legend III and Safe Outlook.



Rates will be determined by the date money is received, regardless of the
order ticket date. Funds must be received by Thursday, November 20 in order
to receive the previous rates.


Please see the interest rate chart for details
.

 

Thank you for your continued support of Great American Life. 



NB214-14

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Calculate

Calculate the value of our
IncomeSecure,
Inheritance Enhancer
and
IncomeSustainer Plus
riders

Rates

View
current rates
and
state approvals

Resources

Online resources for

your required training

Paperwork

New Business Forms

& Marketing Materials

Questions?
Contact the Sales Team at (800) 438.3398, ext. 11999 or

SPSales@gaig.com
.

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For producer use only. Not for use in sales solicitation.

If applicable, please confirm products and riders are approved by your
Broker/Dealer.

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