Great-West Life & Annuity Insurance Company is an indirect, wholly owned subsidiary of Great-West Lifeco. The firm manages a subsidiary, First Great-West Life & Annuity Insurance Company, which serves clients in Mew York. It also operates a unit, GWFS Equities, which offers securities. The firm provides investment options, such as mutual funds and group-fixed and variable-deferred annuities. Great-West Life & Annuity Insurance Company offers group retirement savings products and services. In addition, the firm provides individual and business-owned life insurance products. Its parent company manages operations in Canada, Europe, Asia and the United States through London Life Insurance Company and Putnam Investments.