Great American Life is pleased to announce it received a Private Letter Ruling (PLR) from the IRS that changes the tax treatment of advisory fees. The PLR was issued on August 6 and states that advisory fees may be withdrawn from a non-qualified fixed-indexed annuity without creating a taxable event for the client. The PLR… Continue reading Great American Life Gets IRS Ruling on Taxation of Fee-Based Annuities
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Great American Life Collaborates with Raymond James to Develop First-Of-Its-Kind Annuity
Great American Life® is pleased to announce the launch of a new variable-indexed annuity developed in collaboration with Raymond James. The Index Summit 6℠, which will be offered through financial institutions, banks and independent broker dealers, is the only annuity on the market to offer crediting strategies with both upside and downside participation rates. The… Continue reading Great American Life Collaborates with Raymond James to Develop First-Of-Its-Kind Annuity