Great American – Reminder – Interest Rate Decrease and Fiduciary Rule

Please remember interest rates are decreasing for the following fixed-indexed annuities effective August 21, 2015:

* Safe Return
* Safe Outlook
* American Legend III
* American Custom 10
* American Valor 10

Cash with Application/Wire

In order to receive the higher rate, applications with checks must be received in the Home Office by 5:00 p.m. ET on August 20, 2015.

Transfers and Rollovers

In order to receive the higher rate, please follow the guidelines provided in the table below:


Paperwork Received Funds must be received by 5:00 p.m. ET on:
On or before July 6, 2015 August 20, 2015
July 7, 2015-July 20, 2015 September 4, 2015 (Friday)
July 21, 2015-August 6, 2015 September 18, 2015 (Friday)
August 7, 2015-August 20, 2015 October 6, 2015


Please see the interest rate chart for details.

What You Need to Know About the Fiduciary Rule and How You Can Help
On April 20, 2015, the U.S. Department of Labor (DOL) made its second attempt to gain greater control of Individual Retirement Accounts by proposing a rule that would establish a new framework for determining whether a person is a fiduciary. The proposed rule would change the definition of fiduciary under the Employee Retirement Income Security Act (ERISA) and extend fiduciary status to insurance professionals whose services include IRAs and employer-sponsored plans.

Malott Nyhart, Chief Marketing Officer, recently issued this commentary on the DOL’s proposed fiduciary rule. He urges all business partners to write their members of Congress to help stop the proposed rule from becoming final.

New Financial Strength Brochure & Ward’s 50

Use the new financial strength brochure to help your clients understand what makes Great American a strong company that is here for the long run. The new brochure highlights our financial strength, quality products and long-term commitment to their success.

In addition, they are pleased to announce that Great American Life was once again named on the Ward’s 50 list of top performing life and health insurers. The 2015 list is available here.

Protect your clients. Protect yourself.

Unfortunately, sharing just one piece of personally identifiable information (PII), such as birthday or driver’s license number, can enable someone to access additional sensitive information. Understanding how to prevent this from happening could possibly keep you and your clients from dealing with a case of identity theft. Protect your clients and yourself from potential identity theft by practicing these tips.

Posted in Annuity, Bulletins, Product Change, Rate Change.