Safe Return

a fixed-indexed annuity from Great American Life Insurance Company,

a subsidiary of Great American Financial Resources, Inc.
B1080312NW
A great American icon:
Old Faithful Geyser in Yellowstone National Park
Safe Return

Say hello to Safe Return , a fixed-indexed annuity from

sm

Great American Life Insurance Company featuring:

A return of premium guarantee

The opportunity to select from indexed strategies with a
bailout feature and a declared rate strategy
Indexed strategies that earn interest tied to gains in the
S&P 500
Income you cannot outlive
10% penalty-free withdrawals
Liquidity with an extended care waiver and terminal
illness waiver
10-year declining early withdrawal charges
A guaranteed minimum surrender value
 Safe Return offers protection Estate and probate advantages

Safe Return offers two forms of protection: a return of A fixed-indexed annuity like Safe Return offers a death
premium guarantee to ensure your money is protected benefit that distributes the remaining contract value to
and a bailout feature to help protect your opportunity beneficiaries without going through probate. If death
for growth. occurs before you begin receiving annuity income
payments, your beneficiary is guaranteed to receive the
Return of premium guarantee account value (less adjustments for outstanding loans or
You can have the extra certainty you may be seeking, other applicable charges).
knowing that if the unexpected occurs, you can surrender
your annuity and receive your purchase payments, less the
sum of prior withdrawals. Interest crediting choices

Bailout feature Choose your interest crediting strategies for each term
Safe Return features a bailout on available indexed and adjust them as your financial situation changes. Our
strategies that protects your opportunity for growth. products currently offer a declared rate strategy and
This feature allows you to withdraw your money from indexed strategies.
a particular strategy without penalty if the cap for that
indexed strategy ever falls below its bailout cap. The bailout Declared rate strategy
cap will always be below the initial cap. If the bailout cap Funds in the declared rate strategy earn compound interest
is triggered, we will send a letter and give you 30 days to credited daily based on a rate set at the start of the term
withdraw the money from that strategy with no penalty. If by the company. This rate can vary for subsequent terms;
no action is taken, the money will remain in the strategy. however, this declared interest rate will never be lower
than the guaranteed minimum declared interest rate stated
in your contract.
About fixed-indexed annuities
Indexed strategies
A fixed-indexed annuity is a deferred annuity with Funds in an indexed strategy earn interest based on an
multiple interest crediting strategies. This type of annuity indexed interest rate. Interest is credited to the amount
allows you to allocate your money among strategies that assigned to an indexed strategy on the last day of the term,
credit interest in various ways. using a formula determined by which indexed strategy(ies)
you choose. The following strategies may be available on
Is a fixed-indexed annuity right for me? your Safe Return contract:
Fixed-indexed annuities may be right for you if you want
Annual point-to-point: An annual point-to-point strategy
the potential to earn rates higher than those traditionally
measures the change of the index by comparing the closing
available from fixed annuities and you like the idea of
S&P 500 value at the end of the term to the closing S&P
receiving interest at a rate determined, in part, by the
500 value on the first day of that term. Annual point-to-
performance of an index. Regardless of market conditions,
point may be particularly beneficial when the index is rising,
your fixed-indexed annuitys value will not fall below your
but may reduce the amount of interest you would receive if
total purchase payments, unless you take withdrawals from
the S&P 500 declines just before the end of a term.
or surrender your contract during the early withdrawal
period, or if you annuitize your contract for less than the Monthly averaging with cap: A monthly averaging
minimum account value payout period. This means that strategy measures index change by comparing the average
your principal can remain protected. of the monthly closing S&P 500 values during the term
to the closing S&P 500 value on the first day of that term.
Averaging the monthly values over the term could protect
you against severe declines in the S&P 500. Alternatively,
averaging may reduce the amount of interest you would
earn when the index is rising.
 Accessing your annuity Additional benefits

When youre ready to annuitize, you can have the safety of Keep your income and your family safe with these extras:
knowing that your retirement income will never run dry.
Settlement options are available to provide a steady stream Extended care and terminal illness waivers
of income on which you can depend. You can choose the Extended care and terminal illness waivers are available on
length of time to receive payments, or elect to receive an your contract for no additional charge. Please see the back
income stream that you cannot outlive. page of this brochure for additional information.

While an annuity should provide retirement income, an IncomeSecure

emergency or unforeseen circumstance may require you to The IncomeSecureSM guaranteed income rider offers a 10%
access your money earlier than planned. Great American rollup income credit. When you purchase this rider with
Life offers a number of options to withdraw the money in your fixed-indexed annuity, the amount on which income
your annuity. Note that withdrawals prior to age 59 may payments under the rider are basedthe income baseis
be subject to IRS restrictions and a 10% federal penalty increased each year by income credits and any additional
tax. Withdrawals will reduce the account value and related purchase payments you may make, and decreased by any
benefits. Also, indexed interest will not be credited at the withdrawals.
end of a term to withdrawals made during a term from an In good times, the income base may be reset to equal your
indexed strategy. account value. In bad times, your income base is guaranteed
Early withdrawal charges to increase each year by income credits. As your income
Please refer to your disclosure document for the Safe base grows, so does your annual income payment. Each
Return early withdrawal charge schedule. Charges are year before income payments start, we increase your income
applied during the early withdrawal charge period to percentage by 0.10% until it reaches 8.0% for the lifetime
amounts withdrawn in excess of the 10% penalty-free income option and 7.0% for the spousal lifetime income
withdrawal allowance; to amounts annuitized, where option, so the longer you wait to receive income payments,
payments are made for less than 10 years; and to full the larger your payments will be. The IncomeSecure is
surrenders. Please note that this does not affect the return available for an annual charge of 0.85% of the income base,
of premium guarantee feature of this product. and charges are refundable at death if the income period
hasnt started.
Loan availability
With Safe Return, you may be able to take out a loan at IncomeSustainer Plus
a reasonable interest rate. Loans are available for certain The IncomeSustainer Plus is a guaranteed income and
qualified plans (subject to minimum and maximum loan death benefit rider that offers 10% rollup credits for
amounts and repayment requirements). Remember, a loan income and death benefits. In addition to providing
may adversely affect your account value and outstanding income options, the rider provides a guaranteed death
loan balances will be deducted from your account value benefit to your beneficiaries. The death benefit is available
upon surrender, annuitization or death. after the fifth contract anniversary, and enhances the
death benefit available with your annuity. Lump sum and
Guaranteed minimum surrender value annuitization payout options are available for the rider
The guaranteed minimum surrender value is 100% of your death benefit, and your beneficiaries will be able to choose
purchase payments, less withdrawals and early withdrawal the death benefit payout option most attractive to them
charges, plus interest credited daily at a minimum at the time of settlement. The IncomeSustainer Plus is
guaranteed rate, minus an amount equal to the early available for an annual charge of 1.25% of the income base.
withdrawal charge rate multiplied by the account value. All guarantees based on the claims-paying ability of Great American Life. Note that any
applicable rider charges and fees are withdrawals that will reduce the return of premium
Standard & Poors, S&P, S&P 500 and Standard & Poors 500 are tm

guarantee. Additionally, premium tax or other taxes not previously deducted and
trademarks of Standard & Poors Financial Services LLC (Standard & Poors) and have
outstanding balances on any loans will reduce the return of premium guarantee.
been licensed for use by Great American Life Insurance Company. The Safe Return is not
sponsored, endorsed, sold or promoted by Standard & Poors and Standard & Poors With IncomeSecure and IncomeSustainer Plus, withdrawals in excess of free withdrawal
makes no representation regarding the advisability of purchasing the Safe Return. allowances or RMDs stop income/rollup credits and all withdrawals adversely impact the
This information is not intended or written to be used as legal or tax advice. It cannot benefits available under the rider. With both riders, resets may increase the rider charge.
be used by any taxpayer for the purpose of avoiding penalties that may be imposed on The maximum income percentage of 8% or 7% is available at age 90. Please note, this
the taxpayer. It was written solely to support the sale of annuity products. You should brochure is a general description of the product. Please read your contract for definitions
seek advice on legal or tax questions based on your particular circumstances from an and complete terms and conditions, as this is a summary of the annuitys features. In rider
independent attorney or tax advisor. contract, income credits are referred to as rollup amounts and income base is referred to as
A.M. Best rating as of February 14, 2011. A (Excellent) is third highest out of 16 categories. benefit base amount. For use with contract form P1074509NW, and rider forms
R6025809NW, R6026109NW, R6032810NW and R6036711NW. Contract and rider form
Any contract loan issued by Great American Life uses your contract value as collateral for the loan. numbers may vary by state. Products and features may vary by state, and may not be
available in all states.
 Who we are The power of protection

With a heritage dating back to 1872, Great American Life The advantage of a fixed-indexed annuity is that you cant lose your
is a subsidiary of Great American Financial Resources, money, regardless of index performance, unless, during the early
Inc., and is headquartered in Cincinnati, Ohio. GAFRI withdrawal charge period, you withdraw money, surrender your
contract or annuitize your contract.
is one chapter in an American success story that began
in 1940 when Carl Lindner, with his father, sister and $160,000
brothers, opened a cash-and-carry dairy market. This Karen
single storefront launched Mr. Lindners career as a Bill
$140,000 0% change $136,098
businessman and entrepreneur. Two of Mr. Lindners sons,
Craig and Carl, have spent their entire careers helping to
build American Financial Group. Today, they serve as $120,000 5.0% $126,194
$123,445
co-chief executive officers of the company. GAFRI and its increase

subsidiaries are owned by AFG, a publicly traded company $100,000 37%

decrease
on the New York Stock Exchange, which has assets of $100,000
more than $36 billion as of December 31, 2011.
28%
Financially sound $80,000
increase
$86,519
Preparing for your future with a financially strong
$77,545
company should be a high priority. GAFRI and its family
of life insurance companies offer the fiscal strength, quality $60,000
products and personal attention you deserve. We have a Contract years 1 2 3 4 5 6 7 8 9 10
long history of providing financial security to contract end of year
owners, and it is a heritage we continue with pride. The story of Bill and Karen

Strong ratings Bill invested $100,000 in stocks that make up the S&P 500 index. Over
a 10-year period, he faced a dramatic market. Because his investment
GAFRIs principal insurance subsidiaries are rated
didnt offer downside protection, the value of Bills investment, after
A (Excellent) for financial strength and operating dividends and taxes of 28%, only increased to $126,194.
performance by A.M. Best. GAFRIs largest subsidiary,
Karen purchased a fixed-indexed annuity with a purchase payment
Great American Life, has been rated A or higher by A.M. of $100,000. Since a fixed-indexed annuity protects against market
Best for more than 30 consecutive years. declines, her contract value grew steadily over a 10-year period,
increasing to $136,098.
Were committed to you
Past performance does not guarantee future results and an indexed
We understand how important retirement security is to
strategy earns no interest when the market is flat or declines. But, with
you and want to help you reach your goals and dreams. a fixed-indexed annuity, you can be certain that your money will be
Its possible your retirement may last longer than 30 years, protected if you hold the annuity through the early withdrawal charge
making it important to partner with a company that period. Discover how a fixed-indexed annuity can offer you upside
has long-term strength and a reputation for success and potential with 100% protection.
stability. Were committed to providing you with the first- This illustration is not a comprehensive example of how a fixed-indexed annuity credits
interest. Ask your financial professional for a complete description of how a fixed-
class service you need and deserve. indexed annuity and its indexed strategies work.
This graph illustrates historical performance of the S&P 500 across 10 years. The
hypothetical fixed-indexed annuity in this example uses the annual point-to-point index
method based on changes in the S&P 500 to calculate the indexed interest rate for each
term. For purposes of this illustration a 5.0% cap, 0% index spread, 100% participation
rate and one-year term is applied for all terms in the period. However, during the illustrated
period, the actual caps that we applied to our fixed-indexed annuities varied from term
to term and ranged from 5% to 10%. Caps, spreads, participation rates and terms are
subject to change. Indexed interest is credited only on amounts held for the entire term. If
the index change during a term is zero or negative, no indexed interest is credited for the
term. This example assumes no money is withdrawn from the annuity. Early withdrawal
charges will apply if money is withdrawn during the early withdrawal charge period. See
the disclosure document for the early withdrawal charge schedule. For qualified contracts,
the full amount withdrawn is subject to income tax. For other contracts, only the gains
are subject to income tax. If you are under age 59, the taxable amount is also generally
subject to a 10% federal penalty tax. When you buy a fixed-indexed annuity, you own an
insurance contract. You are not buying shares of any stock or index. All guarantees are
backed by the claims-paying ability of the issuing insurance company.
 Safe Return at a glance
General information
Product type Single premium annuity
Issue ages Qualified: 18-85; non-qualified: 0-85
Min. purchase payment $25,000
Max. purchase payment $750,000 issue ages 0-79; $500,000 issue ages 80-85
On indexed strategies, early withdrawal charges waived for funds in an indexed strategy if cap for that particular indexed
Bailout cap
strategy ever falls below its bailout cap
Return of premium Return of premium value is sum of all purchase payments, less the sum of all net withdrawals. Included at no extra charge.
Guaranteed minimum
The value of your annuity will not drop below the guaranteed minimum surrender value.
surrender value
Term Currently one year for each strategy offered
Fees There are no up-front sales charges or fees. Early withdrawal charges (surrender charges) may apply.
Withdrawals
During the first contract year, you may withdraw up to 10% of your purchase payments without an early withdrawal charge.
10% allowance After the first contract year, 10% of the account value on the most recent contract anniversary may be withdrawn without an
early withdrawal charge.
During the first 10 contract years, an early withdrawal charge starting at 10% is applied to full surrenders, withdrawals and upon
Early withdrawal annuitization if the payout period is less than 10 years. Please note that this does not affect the return of premium guarantee
charges feature of this product. (An early withdrawal charge will not be applied to annuitizations made for life.) Each month, this charge
decreases by 1/12th of 1%.
Rates and strategies
Interest is credited daily on amounts held under a declared rate strategy based on the applicable declared interest rate.
Declared interest rate
The declared interest rate will not change throughout the term.
For the indexed strategies currently available, the indexed interest rate is determined, in part, by the performance of the S&P
Indexed interest rate
500 , and is credited only on the last day of the term.
The cap is the maximum indexed interest rate for a term; please contact Great American Life or your financial professional for
Cap
the current cap (if any).
An indexed strategy that measures the index change by comparing the closing S&P 500 value at the end of the term to the
Annual point-to-point
closing S&P 500 value on the first day of that term.
Monthly averaging An indexed strategy that measures index change by comparing the average of the monthly closing S&P 500 values during the
with cap term to the closing S&P 500 value on the first day of that term.
Riders
Included for no additional charge, the extended care waiver can help ease the strain of unforeseen events. If, after the first
Extended care waiver contract year, you are confined to a nursing home or long-term care facility for at least 90 consecutive days, early withdrawal
charges will be waived on withdrawals up to a full surrender.
After the first contract year, if you are diagnosed by a physician as having a terminal illness (prognosis of survival is 12 months
Terminal illness waiver or less, or a longer period as required by state law), you have the option to withdraw up to 100% of the account value without
incurring an early withdrawal charge. There is no additional charge for this waiver.
A guaranteed income rider with a 10% income credit that provides guaranteed income options for your retirement. There is an
IncomeSecure
annual charge associated with this rider.
A guaranteed income and death benefit rider with 10% rollup credits for income and death benefits. There is an annual charge
IncomeSustainer Plus
associated with this rider.

Products issued by Great American Life Insurance Company,

subsidiary of Great American Financial Resources, Inc., Cincinnati, Ohio
www.GAFRI.com Not FDIC or NCUSIF Insured No Bank or Credit Union Guarantee Not
Copyright 2012 by Great American Financial Resources, Inc. All rights reserved.
Insured by any Federal Government Agency Not a Deposit May Lose Value
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