According to Great American Insurance, the features of the GreatStep Five and GreatStep Seven fixed annuities will include guaranteed growth, steady income and liquidity.
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Great American Insurance executive vice president, Mat Dutkiewicz, said: "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. The two options can be an effective way for clients to step up saving and move toward a financially secure future."
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