Company Contact Info: President Carl Lindner III 580 Walnut Street Cincinnati, OH 45202 (513) 369-5000
Great American Reviews and Customer Comments
"On 9/12/1984, my mother entered into a universal life policy with Great American.
As of this date 9/1/2010, I contacted this company about the cash value of this policy.
After 26 years of paying a minimun mothly premium of $81.15 ( which equals over $24,334.00 in premiums)I was told the cash value is $95.00. When I asked how a person could pay 160% of the face value of the policy in premiums, how could it only be worth $95.00, I got a reply that made no sense. I am contacting the Insurance Commissioner of Ohio. Oh! did I mention that my mother is dying of lung cancer and this money is needed to pay for nursing home and hospice care, and I thought the Auto sales industry were crooks.
"They have had an annuity for over 20 years and refuse to honor my wishes - -have set up many paperwork roadblocks -- reneged on promises--
Do not do business with this company"
"Great American Life Insurance is quick to accept your annuity money but makes it almost impossible to get your money out. They put up roadblocks and change their version of what you need to do to roll your money over to an IRA with another company."