Great American Life has expanded its annuity offerings with the addition of two new indexed strategies that earn interest based on the performance of the iShares US Real Estate ETF and the S&P US Retiree Spending Index.
The iShares US Real Estate ETF offers exposure to domestic real estate companies and real estate investment trusts.
Great American Life vice president and national sales manager John Burhoe said the iShares US Real Estate indexed strategy provides an opportunity for diversification.
“The real estate market tends to perform well when interest rates are low, which provides contract owners the opportunity to diversify their funds.
The S&P US Retiree Spending Index gives exposure to economic sectors expected to be impacted by retiree spending.
Great American Life national sales vice president, Joe Maringer, said the S&P US Retiree Spending point-to-point indexed strategy may allow contract owners to capitalize on the economic impact of shifting demographics.
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Starting 23 January, the new indexed strategies are available on several Great American Life fixed-indexed annuities.