Great American: American Legend III Annuity Review

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The Great American American Legend III is a 7-Year Fixed Indexed annuity designed for growth. You can allocate your money, once a year on the policy anniversary, between a guaranteed interest rate account and a benchmark stock index account.

American Legend III Annuity Highlights:

American Legend III Annuity Interest Rates
Index Strategy Cap Rates Participation Rates
S&P 500 1 Year Mo. Sum w/ Cap 2.25% N/A
1 Year Point-to-Point w/ Cap 6.10% N/A
S&P 500 Risk Control 1 Year Point-to-Point w/ Cap N/A 65%
iShares U.S. Real Estate 1 Year Point-to-Point w/ Cap 7.00% N/A
GLD 1 Year Point-to-Point w/ Cap 6.50% N/A
S&P U.S. Retiree Spending 1 Year Point-to-Point w/ Cap N/A 70%
Declared Rate: 2.85%

Frequently Asked Questions About the American Legend III Annuity:

Q: What is the minimum premium I need to pay?

Q: Am I paid a bonus on my initial premium at sign-up?
A:No. There is no premium bonus.

Q: Can I pay additional premium later on?

Q: Are there any age restrictions?
A:Yes. You can purchase this annuity up to age 85. In some states the age requirements may differ.

Q:In which states is the American Legend III annuity available?
A:The American Legend III annuity is not available in all states. Call 800-872-6684 to find out if it's available in your state.

Q: Does this annuity have an income rider (for withdrawing income)?
A:Yes. An income rider can be included with your contract for an additional fee.
Click here for the IncomeSecure rider brochure.
Click here for the IncomeSustainer Plus rider brochure.

Q: For how long are surrender charges in effect?
A:7 Years

Q:Does the American Legend III annuity permit any withdrawals without penalties?
A:Yes, each year you may withdraw 10% of your account value penalty-free.

Q:What benchmark indices do the American Legend III offer?
A:S&P 500

Q: What are the index account options?
A:Monthly Sum and Annual Point-to-Point

Q: What is the Method for Crediting Interest or Gains?
A: Cap rates.

To review the American Legend III annuity with an agent or to receive a free personalized illustration call 800-872-6684 or fill in the "Get My Free Quote" form in the upper right section of this page.

Read more about Great American Life Insurance Company Annuities on Great American's site

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