Monday, July 11, 2016

Great American Interest Rates are Decreasing Effective July 21

 

 

GAIG Annuity Logo

Jul 08, 2016  
Product News  

 

 

Interest rates are decreasing for our fixed and fixed-indexed annuities effective July 21, 2016. Please see the interest rate chart for details.

Cash with Application/Wire
In order to receive the higher rate:

  • Paper applications with checks must be signed by Wednesday, July 20. Paperwork and funds must be received by Great American within seven calendar days of the application sign date.
  • Electronic applications must be completed by Wednesday, July 20. The electronic file and funds must be received by Great American within seven calendar days of the completion date.


Transfers and Rollovers
In order to receive the higher rate:

  • Paper applications must be signed by Wednesday, July 20 and received by Great American within seven calendar days of the application sign date.
  • Electronic applications must be completed by Wednesday, July 20 and received by Great American within seven calendar days of the completion date.

Fixed annuity funds must be received within 60 calendars days of the date the paper application is signed or the electronic application is completed. Please refer to the table below for guidance on when fixed-indexed annuity funds must be received in order to receive the higher rate:

 

Paper App Signed / Electronic App Completed

Funds must be received by 5:00 p.m. ET on:

On or before June 6, 2016

July 20, 2016

June 7, 2016-June 20, 2016

August 5, 2016 (Friday)

June 21, 2016-July 6, 2016

August 19, 2016 (Friday)

July 7, 2016-July 20, 2016

September 6, 2016

 

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