Explore Your comprehensive guide to engaging with Global Atlantic
Welcome This guide has what you need to help you take your business to a whole new level. Explore new opportunities with innovative strategies along with holistic support to help you address your clients specific needs. Get ready to engage with Global Atlantic.
Elevate Engage with Global Atlantic, the fastest growing annuity company over the past five years. 1 TOP 3 TOP 5 TOP 10 We're a top 3 fixed rate annuity provider. 2 We re also a top 5 fixed annuity provider. 2 And we re a top 10 annuity provider overall. 2 1 Based on LIMRA reports for companies with more than $250 million in annual sales, 2012-2016. 2 LIMRA reports, as of September 30, 2017. Applies to Forethought Life Insurance Company.
5 ways we re positioned The caliber of the company you engage with is critical. Here are five key drivers of our growth Diversified business model with U.S. focus We re focused in the U.S. retirement and life markets without distraction. No other businesses compete for our investment and resources. Focused distribution and client relationships We re not trying to be everywhere or sold through everyone. Our focused core distribution partnerships are built on long-term relationships. q We re not just in your business; we re focused on your business. q We offer you the customized sales support and capacity you need for success. 1 As of June 30, 2017.
to help take you higher that may help elevate your business as well. Leading investment and risk management capabilities Our risk management capabilities and conservative fixed income portfolio provide a stable foundation. We re empowered to provide consistent product offerings through different market environments. q We provide you with compelling solutions to help address the unique needs of your clients. A strong financial foundation We have more than $57 billion 1 in assets with capital levels to support continued growth. We have no burdensome financial legacy. q We have a strong capital position to support your business for the long-term. A uniquely experienced management team Our leaders have deep experience more than 20 years on average. Our consistent leadership means a steady vision, strategy and commitment to the retirement and life markets. q We have the knowledge and drive to build a business, just like you.
Advance Move forward with a company with an incredible past. Our history is defined by the convergence of vision, opportunity and experience. We have acquired complete life insurance and annuity platforms, all with roots as past industry leaders. Through these transactions, Global Atlantic gained both the talent and capabilities of these entities.
1996 2000 LIFE INSURANCE Central Life, est. 1896, changes name to AmerUs Life Insurance Company AmerUs announces acquisition of Indianapolis Life Insurance Company 2004 Inception as Goldman Sachs Reinsurance Group (GSRG) 2005 Acquires Allmerica Life, renames it Commonwealth Annuity and Life RETIREMENT & PRENEED LIFE INSURANCE Forethought Life Insurance Company begins operations as a subsidiary of Hillenbrand Industries, offering preneed life insurance Separates from Hillenbrand as an independent company 1985 2004
2006 2013 Aviva PLC completes acquisition of AmerUs; forms Aviva USA Aviva USA life insurance business line acquired by Global Atlantic and renamed Accordia Life 2006 2011 Grows a robust reinsurance platform through Commonwealth 2009 Separates from Acquires First Allmerica Financial Life Insurance Company, Begins selling individual annuities through Commonwealth Goldman Sachs and incorporates as Global Atlantic Financial Group Limited est. 1844 2016 Unifies approach to the marketplace with all products and services branded Global Atlantic Expands offerings, including fixed annuities Expands into bank distribution; launches innovative longterm care hybrid annuity Acquires broker/ dealer and annuity capabilities from The Hartford; enters variable and fixed index annuity market Annuity and preneed businesses acquired by Global Atlantic 2007 2011 2013 2014
Global Atlantic to help you provide holistic client strategies. Global Atlantic can help you create comprehensive strategies based on your clients needs versus a single-product approach. ACCUMULATION INCOME PROTECTION LEGACY We offer broad strategies to help you address the four key areas of retirement planning resources to help clarify the complex for your clients.
Drive growth Your clients have unique preferences for their retirement journey. With Global Atlantic, you can choose from a greater selection of annuity vehicles to meet the varying needs of your clients. FIA FA/IA FA (LTC) FIXED INDEX ANNUITY For clients seeking steady growth/upside potential linked to index performance with downside market protection. Choice Income Fixed Index Annuity Choice Accumulation Fixed Index Annuity Income 150+ Fixed Index Annuity FIXED ANNUITY/INCOME ANNUITY For clients seeking steady growth of retirement savings without being subject to stock market risk. SecureFore 3 & 5 Fixed Annuities ForeCertain Income Annuity FIXED ANNUITY WITH LONG-TERM CARE BENEFITS For clients seeking to prepare for life's eventualities. ForeCare Fixed Annuity with Long-Term Care Benefits
CHOICE INCOME Predictable & flexible Choice Income is a fixed index annuity that offers upside opportunity, downside market protection and a lifetime income guarantee. 10% 1.05% NO MARKET- BASED LOSSES Lifetime withdrawal benefit with a simple 10% guaranteed annual roll-up. 1,2 Annual cost of benefit offering lifetime income opportunity charge rate is locked for life at issue. 3 Regardless of crediting choice or market performance, your clients won t experience any market-based losses. 4 Guarantees are based on the claims-paying ability of Forethought Life Insurance Company and assume compliance with the product s benefit rules, as applicable. 1 Not available as death benefit or surrender. 2 Percentage shown is of the premium paid, reduced for any withdrawals in proportion to the reduction in contract value. Any withdrawals taken during the contract year are subtracted from the annual roll-up in that year. This is one of two Withdrawal Base growth options to choose from at issue. 3 Charge for the Guaranteed Lifetime Withdrawal Benefit applies to the Withdrawal Base. The Withdrawal Base is used to determine the withdrawal benefit and is not available for cash surrender or as a death benefit. The Withdrawal Base stops growing after income benefit activation. 4 Early withdrawal charges and Market Value Adjustments (MVA) may also apply. Withdrawals may reduce any optional guaranteed amounts in an amount more than the amount of the withdrawal.
CHOICE INCOME PRODUCT HIGHLIGHTS Product Description Choice Income is a single premium fixed index annuity designed with a Guaranteed Lifetime Withdrawal Benefit (GLWB) to help meet the need for predictable lifetime income in retirement. Available for non-qualified, IRA, Roth IRA plans. Issue Ages 50-85 Single premium $25,000 minimum premium Premium Amount 1 $1,000,000 maximum premium for ages 50-80 (as measured by total contribution per person for all annuities with the company) $500,000 maximum premium for ages 81-85 (as measured by total contribution per person for all annuities with the company) Available Interest Crediting Methods Withdrawal Charge Schedule 2,3 Interest is credited to the contract value based on the choice of one or more interest crediting strategies. There are a variety of choices with different methodologies, advantages and trade-offs. Up to 10% of the beginning-of-year contract value may be withdrawn annually without incurring a withdrawal charge. Withdrawal charges apply to amounts withdrawn in excess of the free withdrawal amount during the withdrawal charge period. Seven-Year Withdrawal Charge Schedule Ten-Year Withdrawal Charge Schedule* Year 1 2 3 4 5 6 7 8+ Charge 9% 8% 7% 6% 5% 4% 3% 0% Year 1 2 3 4 5 6 7 8 9 10 11+ Charge 9% 9% 8% 7% 6% 5% 4% 3% 2% 1% 0% *Not available in California. A nine-year withdrawal charge schedule is available in California only. Market Value Adjustment (MVA) 3 Guaranteed Lifetime Withdrawal Benefit (GLWB) Lifetime Withdrawal Percentages (locked in at activation) A Market Value Adjustment refers to the potential fluctuation of the surrender value of the annuity in response to market conditions. Applies during the withdrawal charge period on withdrawals in excess of the free partial withdrawal amount. The MVA also applies to annuitization during the withdrawal charge period, even though no withdrawal charges would apply. Included at issue for an annual charge. Must be at least age 55 to activate the benefit. Income is provided after activation through annual guaranteed lifetime withdrawal amounts, known as Lifetime Annual Payments (LAP). 4 The LAP is determined as a percentage of the Withdrawal Base amount. The Withdrawal Base amount is a separate value that grows annually based on one of two options chosen at issue, described below. The Withdrawal Base is not available as a death benefit or for cash value surrender. Option 1 10% 5 with no interest credits added, minus any withdrawals Option 2 7.5% 5 plus additional dollar amount of interest credits for the year, minus any withdrawals Before Benefit Activation: Withdrawal Base grows by selected option. After Benefit Activation: Withdrawal Base stops growing. If the contract value ever exceeds the Withdrawal Base at any anniversary, the Withdrawal Base increases to equal the contract value. Sample factors. Joint life income options are also available. Age upon activation Single life income Lifetime Withdrawal Percentages increase by 0.10% for each attained age between 55 and 65. 55 3.75% Lifetime Withdrawal Percentages increase by 0.05% for each attained age between 65 and 75. 65 4.75% Lifetime Withdrawal Percentages increase by 0.10% for each attained age between 75 and 90. 75 5.25% Guaranteed Minimum Surrender Value (GMSV) The GMSV is a separate value, tracked independently from the contract value. It can provide an increase to the contract value, but terminates on the GLWB Activation Date. If GLWB is not activated, the GMSV is used to determine: Minimum Death Benefit (Not available in all states) Full surrender amount after the withdrawal charge period Contract value for annuitization purposes after the withdrawal charge period Contract value, if GLWB is terminated after withdrawal charge period 1 Company approval will be required for cumulative premium payments in excess of these limits as applied to one or more annuity contracts by one client. 2 Taxable distributions (including certain deemed distributions) are subject to ordinary income taxes, and if made prior to age 59½, may also be subject to a 10% federal income tax penalty. Payments from IRAs are taxable in accordance with the normal rules surrounding taxation of payments from an IRA. Early surrender charges may also apply. Withdrawals may reduce any optional guaranteed amounts in an amount more than the actual withdrawal. 3 State variations apply. 4 Withdrawals in excess of LAP will reduce the LAP for future years in proportion to the reduction in contract value due to the part of the withdrawal that exceeds the LAP. The LAP is zero prior to GLWB activation. 5 Percentage shown is of the premium paid, reduced for any withdrawals in proportion to the reduction in contract value.
CHOICE ACCUMULATION Downside market protection Choice Accumulation is a fixed index annuity with an accumulation benefit which provides upside opportunity and downside market protection. NO FEES NO MARKET- BASED LOSSES No monthly or annual fees. 100% of the premium is credited to the contract value. 1 Opportunity for growth. Fixed rate strategy and index-linked crediting strategies are available. Regardless of crediting choice or market performance, your clients won't experience any market-based losses. 2 Guarantees are based on the claims-paying ability of Forethought Life Insurance Company and assume compliance with the product s benefit rules, as applicable. 1 Less prior withdrawals and less withdrawal charges and Market Value Adjustments (MVA) on any prior withdrawals. 2 Early withdrawal charges and Market Value Adjustments (MVA) may also apply. Withdrawals may reduce any optional guaranteed amounts in an amount more than the amount of the withdrawal.
CHOICE ACCUMULATION PRODUCT HIGHLIGHTS Product Description Issue Ages 0-85 Choice Accumulation is a single premium fixed index annuity designed with an accumulation benefit, known as the Guaranteed Minimum Accumulation Value (GMAV) which provides upside potential and may provide an increase to contract value. Available for non-qualified, IRA, Inherited IRA, Roth IRA plans. Premium Amount 1 Available Interest Crediting Methods Withdrawal Charge Schedule 2 Market Value Adjustment (MVA) 3 Guaranteed Minimum Accumulation Value (GMAV) Single premium $25,000 minimum premium $1,000,000 maximum premium for ages 0-80 (as measured by total contribution per person for all annuities with the company) $500,000 maximum premium for ages 81-85 (as measured by total contribution per person for all annuities with the company) Interest is credited to the contract value based on the choice of one or more interest crediting strategies. There are a variety of choices with different methodologies, advantages and trade-offs. Up to 10% of the beginning-of-year contract value may be withdrawn annually without incurring a withdrawal charge. However, any withdrawal will terminate the GMAV (see more about GMAV below). Withdrawal charges apply to amounts withdrawn in excess of the free withdrawal amount during the withdrawal charge period. Five-Year Withdrawal Charge Schedule Year 1 2 3 4 5 6+ Charge 9% 8% 7% 6% 5% 0% Seven-Year Withdrawal Charge Schedule Year 1 2 3 4 5 6 7 8+ Charge 9% 8% 7% 6% 5% 4% 3% 0% A Market Value Adjustment refers to the potential fluctuation of the surrender value of the annuity in response to market conditions. Applies during the withdrawal charge period on withdrawals in excess of the free partial withdrawal amount. The MVA also applies to annuitization during the withdrawal charge period, even though no withdrawal charges would apply. The GMAV is a separate value, tracked independently from the contract value. It can provide an increase to the contract value at the earlier of the first owner s death (not available in all states) or at the end of the withdrawal charge period. If your client waits until after the chosen withdrawal charge period to take a withdrawal, the actual contract value will be compared to the GMAV at the end of the withdrawal charge period. At that time, the contract value will be reset to the greater of the two values. However, the GMAV equals zero and terminates at the time of any withdrawal from the contract during the withdrawal charge period. The GMAV is not available for cash value surrender. Here s an example of how this could work, assuming no withdrawals: Initial Premium Contract value at end of withdrawal charge period GMAV at end of withdrawal charge period Contract value at end of withdrawal charge period after comparing to GMAV Example A $100,000 $105,000 $107,000 $107,000 Example B $100,000 $110,000 $107,000 $110,000 1 Company approval will be required for cumulative premium payments in excess of these limits as applied to one or more annuity contracts by one client. 2 Taxable distributions (including certain deemed distributions) are subject to ordinary income taxes, and if made prior to age 59½, may also be subject to a 10% federal income tax penalty. Payments from IRAs are taxable in accordance with the normal rules surrounding taxation of payments from an IRA. Early surrender charges may also apply. Withdrawals may reduce any optional guaranteed amounts in an amount more than the actual withdrawal. 3 State variations apply.
INCOME 150+ Protect & Grow Income 150+ is a fixed index annuity providing upside opportunity and downside protection alongside robust guarantees for growing lifetime NO MARKET- BASED LOSSES Opportunity for growth with choice of fixed rate crediting or a variety of indexlinked strategies. Grows guaranteed lifetime income regardless of interest crediting performance. 1 Regardless of crediting choice, your clients won't experience any losses due to market performance. 2 Guarantees are based on the claims-paying ability of Forethought Life Insurance Company and assume compliance with the product s benefit rules, as applicable. 1 Additional charge of 0.95% of the Income Base value applies. 2 Early withdrawal charges and Market Value Adjustements (MVA) may also apply. Withdrawals may reduce any optional guaranteed amounts in an amount more than the amount of the withdrawal.
INCOME 150+ PRODUCT HIGHLIGHTS Product Description Income 150+ is a single premium fixed index annuity designed with a unique income benefit to help guarantee a lifetime annual income available for non-qualified, Traditional IRA and Roth IRA plans. Issue Ages 55-80 Premiums 1 $10,000 $1,000,000 (approval required for amounts greater) Available interest crediting methods Charges and fees Withdrawal charge schedule 4 Interest is credited to the contract value based on the choice of one or more interest crediting strategies. There are a variety of choices with different methodologies, advantages and trade-offs. Rider charge for Guaranteed Lifetime Income Benefit (GLIB) (0.95% of Income Base charged at the beginning of each contract year), withdrawal charges and Market Value Adjustments (MVA) apply to amounts in excess of the free withdrawal amount 3 Withdrawal charges apply to amounts withdrawn in excess of the free withdrawal amount during the first 10 contract years. The free withdrawal amount is 10% of the contract value as of the previous contract anniversary, available in all years in most states (state variations apply). 5 Year 1 2 3 4 5 6 7 8 9 10 11+ Charge 10% 9% 8% 7% 6% 5% 4% 3% 2% 1% 0% An income bonus may be provided at four distinct points within the life of the contract, as long as no income election has been made. This guarantees growth of the Income Base, which is a unique value within the contract that is separate from the contract value. What this means is that upon issue of the contract your clients will receive a bonus, as well as at the beginning of years three and five. Here's a hypothetical example of how this works: Activity Income Base Growth Income Base Value Income Bonus 2,6 Day 1 Premium Deposit $100,000 $120,000 Income boost 1 = 20% of premium $20,000 Start of year 3 Income boost 2 = 15% of premium* $15,000 $135,000 Start of year 5 Income boost 3 = 15% of premium* $15,000 $150,000 * Premium value assumes income has not started and withdrawals have not been made. The Income Base and income boosts are not available on cash surrender or as death benefits. PLUS (+) 6 If your clients decide they don t need to start to take income benefits within nine years of contract issue, at the start of the tenth contract year the Income Base will be credited an additional bonus of 150% of the interest earned on the contract value during years one through nine. 1 Maximum premium is measured by cumulative premium contributions per person, for all annuities issued by Forethought Life Insurance Company. 2 Assuming no withdrawals or income activation. Any withdrawals prior to activating income reduce the Income Base and future income bonuses proportionately to the reduction in contract value. No bonuses are added after activating income. Income bonuses apply to the Income Base only. They are not available as part of the Contract Value or Death Benefit. 3 State variations apply. 4 In DC, FL, MT, ND, and SD the withdrawal charge schedule is 10,10,9,9,8,7,6,5,4,2,0%. In these states, the free withdrawal feature is available after the first contract year. In CA the withdrawal charge schedule is 9,8,7,6,5,4,3,2,1,0%. 5 In DC, FL, MT, ND, and SD a free withdrawal followed by a complete surrender in the same contract year will result in the charge being applied to both the amount previously taken as free and the remaining contract value withdrawn.
INCOME 150+ PRODUCT HIGHLIGHTS (CONT.) Market Value A Market Value Adjustment refers to the potential fluctuation of the surrender value of the annuity in response to market conditions. Adjustment (MVA) 3,4,5 Applies during the withdrawal charge period on withdrawals in excess of the free partial withdrawal amount. The annual Guaranteed Lifetime Income Benefit amount (GLIB amount) will equal a percentage, known as the Income Benefit Factor, of the Income Base. The Income Benefit Factor varies based on age at activation. Using these sample factors and the rules below, you can determine your Income Benefit factor. Age upon start Single life Income Joint life Income 7 Guaranteed Lifetime Income Benefit 55 3.75% 3.25% 56 3.80% 3.30% 57 3.85% 3.35% 58 3.90% 3.40% 59 3.95% 3.45% 60 4.00% 3.50% Income Benefit Factors increase by 0.10% for each attained age between 60 and 85. 65 4.50% 4.00% 75 5.50% 5.00% 85 6.50% 6.00% Income Benefit Factors increase by 0.20% for each attained age between 85 and 90. 90+ 7.50% 7.00% 6 If a withdrawal is taken prior to income activation your Income Base, and Premium Base will be reduced proportionately. The three- and five- year boosts will thereby be based on the current Premium Base at each increase, not initial premium amount. 7 Joint life income is based on the younger age on the income start date.
SECUREFORE Locked-in growth SecureFore fixed annuities offer tax-deferred guaranteed growth that s locked-in at a fixed rate for one of two time periods. 3 or 5 100% NO FEES Your clients choose the timeframe that works best for them: three or five year fixed-rate growth. Principal is 100% guaranteed if held to the end of the withdrawal charge period. No monthly or annual fees. 100% of the premium is credited to the contract value. 1 Guarantees are based on the claims-paying ability of Forethought Life Insurance Company and assume compliance with the product s benefit rules, as applicable. 1 Less prior withdrawals and less withdrawal charges on any prior withdrawals.
SECUREFORE PRODUCT HIGHLIGHTS Product Description Issue Ages 0-85 SecureFore 3 and SecureFore 5 are single-premium, tax-deferred fixed annuities. Each is available for non-qualified, Traditional IRA, Inherited IRA and Roth IRA plans. Premium Amount Withdrawal Privileges Withdrawal Charge Schedule Single premium $10,000 minimum premium $1,000,000 maximum premium for ages 0-80; $500,000, 81 85 (home office approval for premium in excess of these limits) 10% of the beginning-of-year contract value after the first contract year can be withdrawn each year without incurring withdrawal charges, except in any year where full surrender occurs. 1,2 Withdrawal charges will be waived due to qualified nursing home confinement or terminal illness. 3 Systematic withdrawals may be specified by dollar amount, percentage of the contract value, or choice of payout frequency. SecureFore 3 withdrawal charge applied to withdrawals in excess of free withdrawals. Year 1 2 3 4+ Charge 8% 8% 7% 0% SecureFore 5 withdrawal charge applied to withdrawals in excess of free withdrawals. Year 1 2 3 4 5 6+ Charge 8% 8% 7% 6% 5% 0% Initial Guaranteed Rate Period SecureFore 3 offers an initial interest guarantee period of three years. SecureFore 5 offers an initial interest guarantee period of five years. For each product, the interest rate schedule for the initial guaranteed rate period is locked upon purchase. After the initial guaranteed rate period expires, a renewal rate will be declared and guaranteed for one year. This will occur at the beginning of each subsequent contract year. Guarantees are based on the claims-paying ability of Forethought Life Insurance Company and assume compliance with the product s benefit rules, as applicable. 1 If your clients withdraw an amount in excess of this free withdrawal amount, they may be subject to withdrawal charges. Withdrawals of taxable amounts are subject to ordinary income tax and may be subject to a 10% federal income tax penalty if taken before age 59½. 2 State variations apply. 3 Receipt of proof as identified in the waiver riders attached to the annuity contract is required in order to qualify for these benefits. Subject to state availability. Nursing Home Waiver Rider referred to as the Confinement Waiver Rider in CT.
FORECERTAIN Income for when you need it ForeCertain is an income annuity that provides immediate or deferred guaranteed income for retirement. $ NO FEES A simple and certain way for clients to convert retirement savings into predictable income. Your clients choose single or joint income, when they want their income to start, and how long they want it to last. No monthly or annual fees. Guarantees are based on the claims-paying ability of Forethought Life Insurance Company and assume compliance with the product s benefit rules, as applicable. Not all product features or optional benefits are available with all income options, plan types, or are available in all states or firms.
FORECERTAIN PRODUCT HIGHLIGHTS Product Description Maximum Issue/ Annuity Commencement Ages 1 Premium Amount Income Options Advanced Payment Option Annuity Commencement Date (ACD) Change 2 Commutation 2 Annual Increase Option 3,6 Temporary Return of Premium Death Benefit Rider 4,5,6 Assignment Limitation 5,6 Qualifying Longevity Annuity Contract (QLAC) 2,6 ForeCertain is a tax-deferred single-premium income annuity, available for Non-qualified, IRA, Roth IRA, SEP IRA, Inherited IRA, Inherited Roth IRA and QLAC. 90 (85 for Single/Joint Life only) Single premium $25,000 minimum premium $1,000,000 maximum premium (home office approval for premium in excess of stated limit) Guaranteed Payment Period (5-30 years) Single/Joint Life Annuity Single/Joint Life Annuity with Guaranteed Payment Period (5-30 years) Single/Joint Life Annuity with Cash Refund Single/Joint Life Annuity with Installment Refund Full income payments for three to six months may be accelerated and received as a lump sum (up to two times per contract) Additional payments resume once the accelerated period has expired Non-qualified contracts only, must be age 59 ½ or older to exercise this option After the first contract year, provided payments have not been started, deferred income annuity payments can be accelerated or delayed up to five additional years, up to the Maximum Annuity Commencement Date This option is available once per contract Request a lump sum amount equal to the full present value of all remaining guaranteed payments or a portion of the present value of all remaining guaranteed payments Minimum $5,000 (partial commutation requests only) Partial commutations reduce the remaining guaranteed payments Increase income payments by 2, 3 or 4% annually (whole percentages only) upon the anniversary of the Annuity Commencement Date, provided income does not commence prior to age 59½ Provides a Return of Premium death benefit on contracts deferred at least one year should the annuitant (single-life) or annuitants (joint-life) die prior to the commencement of income payments Prohibits assignment, sale or other transfer of rights Prohibits commutation, change of ACD and advancement of payments Allows required distributions to be delayed no later than the first day of the month following the owner s 85 th birthday on contracts up to the lesser of: $130,000, less any premiums paid on existing QLAC contracts, or 25% of owner s total IRA values at the end of the previous year Available for Traditional IRA plans commencing income more than 12 months after contract issue 1 Annuity payments can be deferred up to 30 years or the maximum annuity commencement age, whichever is earlier. May be earlier for some income options/plan type combinations. 2 Not available with all income options. Please see the Product Summary for additional details. 3 Initial payments will be lower than if option was not elected. 4 If elected, annuity payments would be less than if the option was not elected. 5 Not available in conjunction with QLAC. 6 Must be elected at issue and is irrevocable.
FORECARE Multiple savings for long-term (LTC) needs ForeCare is a fixed annuity with long-term care benefits. 2X - 3X Your clients will get two- or three-times the amount of their ForeCare contract value 1 for any qualified LTC expenses, based on their approval. 2 The underwriting process is streamlined - it usually takes about 30 minutes or less. ForeCare affords your clients more control to choose what's best for their individual needs. 1 Initial premium net of any optional benefit charges in California. 2 This is called the ForeCare Multiplier: it provides two or three times (depending on underwriting eligibility) the amount of contract value in long-term care coverage to spend on qualified long-term care expenses. Benefits are subject to a maximum monthly benefit. The additional coverage in excess of the Contract Value is only available to use for a qualified long-term care benefit and will not become part of the contract value or the death benefit. Withdrawals, other than for qualified longterm care net of any optional benefit charges expenses, will adversely affect the amount of coverage for long-term care benefits in the future. Note: California policies apply the multiplier to the initial premium net of any optional benefit charges, and not the current contract value.
FORECARE PRODUCT HIGHLIGHTS Product Description Single-premium, tax-deferred annuity with qualified long-term care benefits, for non-qualified funds only. Issue Ages 1 Ages: Insured 50-80, Owner/Annuitant 0-85. Ownership may be single or joint, insured must be the owner and/or the owner s spouse. 2 If the Owner is not a living person, then the Owner must be a Grantor Trust and the Insured(s) must be the grantor or Spouse of the grantor. If the Owner is not a living person, an Insured must be the Annuitant or the Spouse of the Annuitant. Single $35,000 $400,000 Premium Amount 3 Joint $35,000 $600,000 (state variations may apply) Tax Advantages Tax-deferred growth Benefits received for qualified long-term care expenses are typically federal income tax-free 4 Benefits Covered Care 2 Long-Term Care Benefits Fees and Additional Considerations Benefit Qualification Withdrawal Charge Schedule Market Value Adjustment (MVA) Rider for Long-Term Care Benefits 5 Optional Nonforfeiture Benefit 6 Optional Inflation Protection Benefit 6 Home Care, Home Health Aide, Homemaker Services, Chore Services, Nurse and Therapist, Personal Care, Respite Care, Adult Day Care, Assisted Living Facility, Bed Reservation, Nursing Home Facility, and Hospice Care The ForeCare Multiplier provides two or three times (depending on underwriting eligibility) the amount of contract value in long-term care coverage to spend on qualified long-term care expenses. Benefits are subject to a maximum monthly benefit. The additional coverage in excess of the Contract Value is only available to use for a qualified long-term care benefit and will not become part of the contract value or the death benefit. Withdrawals, other than for qualified long-term care expenses, will adversely affect the amount of coverage for long-term care benefits in the future. Initial premium net of any optional benefit charges in California. An Accelerated Benefit is paid first from the contract value until exhausted, at which point the Extended Benefit takes effect. Qualified expenses are paid by reimbursement. Note: California policies apply the multiplier to the initial premium net of any optional benefit charges, and not the current contract value. There is a monthly benefit fee associated with the long-term care protection that ForeCare provides. The realized crediting return will be less than the declared interest rate due to the fee. However, even after deduction of the benefit fee, the contract value at month end will not be less than the contract value at the prior month end, less any applicable withdrawals. To qualify for benefits, receipt of proof is required from a licensed health care practitioner stating you are chronically ill and are incapable of performing, without substantial assistance, two Activities of Daily Living (ADLs) for at least 90 days, and/or you have a cognitive impairment that requires substantial supervision. The ADLs include: Bathing, Continence, Dressing, Eating, Using a Toilet, Transferring/Mobility. Covered Long-Term Care Services must be provided in conjunction with a written Plan of Care submitted by a Licensed Health Care Practitioner, and approved by Forethought Life Insurance Company. 9-year schedule: 8%, 8%, 7%, 6%, 5%, 4%, 3%, 2%, 1%, 0% thereafter (state variations apply) A Market Value Adjustment, which may be positive or negative, applies during the Withdrawal Charge period to any withdrawals that are subject to withdrawal charges. (state variations may apply) Free Withdrawals 10% of the beginning of year contract value can be withdrawn annually, free of charge except in year of full surrender. Long-term care benefit claims will reduce this amount. 1 Spouse is as defined for Federal tax purposes. 2 Subject to state variations. Joint coverage not available in AZ. 3 Net of any optional rider charges if elected. 4 Pay no taxes on investment income growth assuming all funds are used to pay for qualified long-term care services, no non-qualified withdrawals are taken and no death benefit is paid. 5 The monthly rider charge rate is locked in for the life of the contract. Charges are waived when withdrawals are made for qualified long-term care reimbursements. 6 There is an up-front charge for this benefit which is deducted from the contract value at issue. Please speak with your advisor for more details.
Win Engage Global Atlantic for your business and to help your clients tackle their retirement objectives. GROW with the fastest growing annuity provider over the past five years. 1 DIVERSIFY your product offering with more retirement vehicles to help your clients on their retirement journey. ENGAGE your Global Atlantic wholesaler to help you address the clients that keep you up at night. Contact our Sales Desk at (855) 447-2537 to order client materials or to run an illustration. 1 Based on LIMRA reports for companies with more than $250 million in annual sales, 2012-2016.
At your service MAILING ADDRESS New Business: Forethought Life Insurance Company Annuity Service Center P.O. Box 758502 Topeka, Kansas 66675-8502 Post-Issue Service Forms: Forethought Life Insurance Company P.O. Box 758507 Topeka, Kansas 66675-8507 Overnight Mailing Address: Forethought Life Insurance Company Annuity Service Center Mail Zone 507 5801 SW 6th Avenue Topeka, Kansas 66636 EMAIL ADDRESS annuityservicecenter@gafg.com WEB ADDRESS globalatlantic.com/imo Book of Business Pending Contract Status Service Forms Contract Documentation - Client Statements - Client Correspondence Commission Statements PHONE Annuity Service Center (877) 244-7526 Fax (785) 286-6104
globalatlantic.com This material is intended to provide educational information regarding the features and mechanics of the product and is intended for producer use only. It should not be considered, and does not constitute, personalized investment advice. The issuing insurance company is not an investment adviser nor registered as such with the SEC or any state securities regulatory authority. It s not acting in any fiduciary capacity with respect to any contract and/or investment. Guarantees are based on the claims-paying ability of Forethought Life Insurance Company and assume compliance with the product s benefit rules, as applicable. A fixed index annuity is intended for retirement or other long-term needs. It is intended for a person who has sufficient cash or other liquid assets for living expenses and other unexpected emergencies, such as medical expenses. A fixed index annuity is not a registered security or stock market investment and does not directly participate in any stock or equity investments or index. This information is written in connection with the promotion or marketing of the matter(s) addressed in this material. The information cannot be used or relied upon for the purpose of avoiding IRS penalties. These materials are not intended to provide tax, accounting or legal advice. As with all matters of a tax or legal nature, you should consult a tax or legal counsel for advice. Taxable distributions (including certain deemed distributions) are subject to ordinary income taxes, and if made prior to age 59½, may also be subject to a 10% federal income tax penalty. Distributions received from a non-qualified contract before the Annuity Commencement Date are taxable to the extent of the income on the contract. Payments from IRAs are taxable in accordance with the normal rules surrounding taxation of payments from an IRA. Early surrender charges may also apply. Withdrawals will reduce the death benefit and any optional guaranteed amounts in an amount more than the actual withdrawal. Income 150+ fixed index annuity is issued by Forethought Life Insurance Company, 10 West Market Street, Suite 2300, Indianapolis, Indiana. Available in most states with Contract FA1201SPDAX-01, FA1201SPDAX-02, ICC11-FA1201SPDAX-01 and FA1201SPDAXL-02. Choice Income and Choice Accumulation fixed index annuities are issued by Forethought Life Insurance Company, 10 West Market Street, Suite 2300, Indianapolis, Indiana. Available in most states with contract FL-FIA-13 and ICC14-FL-FIA. ForeCare fixed annuity is issued by Forethought Life Insurance Company, 10 West Market Street, Suite 2300, Indianapolis, Indiana. Available in most states with contract FA1101SPDA-01 (certificate series GA1101SPDA-01, as applicable) with Rider for Long-Term Care Benefits Form LTC2000-01, Optional Inflation Protection Benefit Rider Form LTC2001-01 and Optional Nonforfeiture Benefit Rider Form LTC2002-01 (certificate series LTCG2000-01, LTCG2001-01 and LTCG2002-01, as applicable). This is a solicitation of Long-Term Care insurance. ForeCertain Income Annuity is issued by Forethought Life Insurance Company, 10 West Market Street, Suite 2300, Indianapolis, Indiana and is available in most states with contract FL-FPA-13, as applicable. SecureFore fixed annuities are issued by Forethought Life Insurance Company, 10 West Market Street, Suite 2300, Indianapolis, Indiana. Available in most states with contract FA1101SPDA-01 (certificate series GA1101SPDA-01, as applicable). Products and features are subject to state availability and variations. Read the Contract for complete details. Global Atlantic Financial Group (Global Atlantic) is the marketing name for Global Atlantic Financial Group Limited and its subsidiaries, including Forethought Life Insurance Company and Accordia Life and Annuity Company. Each subsidiary is responsible for its own financial and contractual obligations. ANN5286 (12-17) 1913729.1 2017 Global Atlantic