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Great American Life Insurance
About the Company
Great American Life Insurance company is a subsidiary of the Great American Financial Resources. Great American targets teachers as their main clientele, and sells annuities and long term care coverage. They stopped writing new life insurance policies in 2004, but continue to honor and service any existing life insurance policies that were in place before that date.
Great American Life Insurance's subsidiaries include Annuity Investors Life Insurance, Loyal American Life Insurance, and United Teacher Associates Insurance.
Great American Life insurance is headquartered in Cincinnati, Ohio.
Term Life Insurance Products
Great American Life insurance no longer writes new Term Life Insurance products. However, they offer the following excellent Whole Life products.
UTA Senior Class Life
- A traditional whole life policy that pays a death benefit to your beneficiary upon your demise. The funds are thought to ease the financial hardships that a death in the family may cause.
- The policy can be used for college or trust funds for your children, mortgage payments, outstanding loans, unpaid medical bills, credit card debt, funeral home expenses, and cemetery plot and burial costs.
- Premiums and coverage remain level.
- The plan is tax-deferred, cash accumulation value.
- The face value can range from $2,500 to $25,000.
- It is issued to people aged 45-85.
- Accidental Death Rider option: If you choose to add this option to your policy, your death benefit will double if your death occurs within 180 days of and as a result of a covered accidental injury. Benefits are tripled if the accident results from riding on a bus, plane, train, boat, ship, subway, or streetcar.
UTA Preferred Whole Life Insurance
- Level policy
- Accelerated Death Benefit Rider option
- Accidental Death Benefit Rider
Great American Financial Ratings
A.M. Best: A (Excellent)
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