Annuity Investors Life Enhances Portfolio with New Single Premium Fixed Annuities

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Annuity Investors Life Enhances Portfolio with New Single Premium Fixed Annuities

CINCINNATI--(BUSINESS WIRE)-- Clients who desire inflation protection now have two new options from Annuity Investors Life Insurance Company®. The GreatStep FiveSM and GreatStep SevenSM fixed annuities offer a guaranteed increasing interest rate during the five- or seven-year term.

According to Mat Dutkiewicz, Executive Vice President, the introduction of GreatStep Five and GreatStep Seven offers clients peace of mind when making preparations for retirement.


"A recent study from the Employee Benefit Research Institute shows that 28% of Americans have less than $1,000 in savings and investments," Dutkiewicz notes. "With a guaranteed increasing interest rate, annuity products like the GreatStep Five and GreatStep Seven can be an effective way for clients to step up saving and move toward a financially secure future."

Features of the GreatStep Five and GreatStep Seven fixed annuities include:1

  • Guaranteed growth: Clients earn interest at guaranteed increasing rates during the five- or seven-year terms.
  • Steady income: Annuities offer several settlement options for a variety of retirement needs.
  • Liquidity: Extended care waiver riders and terminal illness waiver riders are available for no additional charge.

GreatStep Five and GreatStep Seven are the latest annuity product offerings brought to you by Annuity Investors Life Insurance Company, a member of Great American Insurance Group. Annuity Investors Life is rated "A+ (Strong)" by Standard & Poor's and "A (Excellent)" by A.M. Best Co.2 for financial strength and operating performance. Many other annuity products are available through our companies.

1All guarantees are based on the claims-paying ability of the issuing company.

2S&P rating-affirmed November 20, 2012. "A+" is fifth highest of 21 categories. A.M. Best rating-affirmed February 22, 2013.

"A (Excellent)" is third highest out of 16 categories.

About Great American Insurance Group

The annuity operations of Great American Insurance Group(GAIG)offer retirement solutions through the sale of traditional fixed and fixed-indexed annuities in the retail, financial institution and education markets. Annuity subsidiaries include Great American Life Insurance Company® and Annuity Investors Life Insurance Company®. GAIG's roots go back to 1872 with the founding of its flagship company, Great American Insurance Company. The members of GAIG are subsidiaries of American Financial Group, Inc. AFG's common stock is listed and traded on the New York Stock Exchange and Nasdaq Global Select Market under the symbol "AFG". Learn more at www.GAIG.com.



Great American Insurance Group - Annuities
Donna Carrelli, AVP, Marketing Services, 513-412-1518
dcarrelli@gafri.com

KEYWORDS:   United States  North America  Ohio

INDUSTRY KEYWORDS:

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