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Great
American Life Insurance Company COMPANY INFORMATION Great American Life Insurance began in 1872 and is now a subsidiary of Great American Financial Resources as of 1992. Great American is also a member of the Insurance Marketplace Standards Association, an organization that promotes honesty and ethics in the sales and service of life insurance. Last year Great American Life had total income of $34.6 million and total assets of $5.9 billion. RATING
A.M. Best – A (Excellent) Duff & Phelps – AA- Standard & Poor’s – A+
WHAT
IS LIFE INSURANCE? Life insurance is an agreement by an insurance company to pay a
specified sum when someone dies. The agreement is a contract between
the insured person and the insurance company that provides the
insurance. If the insured dies while the life insurance policy is in
force, then the life insurance company pays the death benefit
according to the beneficiary designations that the insured has
provided. IS
LIFE INSURANCE NECESSARY? Life insurance is necessary for peace of
mind. It provides the guarantees that your family will be taken care
of financially in your absence. Life insurance lets those who depend
upon you know that even if you are taken prematurely by an un-foreseen
death, you have taken care to provide financial support for your
dependents who count on you. Since term life insurance premiums are so
affordable it is now a simple matter to protect your families most
important asset.... You. TERM
LIFE INSURANCE VS. CASH-VALUE LIFE INSURANCE Current competition among life insurance companies has
dramatically lowered life insurance premiums. A term life insurance
policy offering $250,000 worth of life insurance protection that cost
$600 a year, just seven years ago, would have an annual term life
insurance premium of about $275 today. When we say we can save you 25
- 60% on your term life insurance premiums it is not just marketing
hype.
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