Global Atlantic Financial Group (“Global Atlantic”), a leading
insurance company meeting the retirement and life insurance needs
of individuals and institutions, announced its inclusion in
Barron’s annual guide to the 100 Best Annuities, marking the firm’s
third consecutive appearance on this list. Annuities issued by
Global Atlantic subsidiary Forethought Life Insurance Company were
recognized in the following categories: Deferred-Income Annuities;
Fixed-Indexed Annuity Income Guarantees; Registered Index-Linked
Annuities (RILA); and Fixed-Indexed Annuities.
“We are honored to be included in Barron’s annual guide to the
top annuities for the third straight year. This recognition
reflects our commitment to providing innovative and effective
retirement solutions that make a difference in people’s lives,”
said Rob Arena, Co-President of Global Atlantic. “It is also a
testament to our firm’s goal of helping provide growth and
income-oriented products for Americans around the country.”
The annuities named provide varying consumer value relative to
an individual’s personal goals and demonstrate the firm’s strength
in retirement options. They range from providing guaranteed income
for life to maximizing an individual’s accumulation potential.
- ForeCertain Income Annuity
- ForeIncome II Fixed Index Annuity
- ForeAccumulation II Advisory Fixed Index Annuity
- ForeStructured Growth Registered Index-Linked Annuity
“Our diverse products, highlighted by Barron’s this year, show
our dedication to meeting different retirement needs -- from
helping individuals grow their wealth to providing a reliable
lifetime income in retirement,” said Jason Bickler, Global
Atlantic’s Chief Distribution Officer.
Annuities Included on Barron’s Annual Guide
ForeCertain Income Annuity provides a predictable,
guaranteed income for a period of time or for life with no market
risk. The firm’s ForeIncome II Fixed Index Annuity is for
clients seeking guaranteed income now-or later- with more
protection, steady growth potential, and zero risk from market
losses. The ForeAccumulation II Advisory Fixed Index Annuity
allows for steady growth potential with zero risk from market
losses. Lastly, the ForeStructured Growth Registered
Index-Linked Annuity may be for clients to consider who are
seeking a product that provides an element of risk protection with
greater upside potential than what is currently provided through
traditional fixed income options. As it pertains to all of these
annuities, each individual’s situation is unique to their goals and
circumstances. Individuals are encouraged to work with their
financial professional to find solutions that work best for their
retirement needs.
Barron’s Methodology: To help frame the various annuity
categories, how they work, and the best offers these days, Barron’s
tapped Cannex, an independent research firm specializing in
retirement products, as well as company data to compile a list of
100 competitive contracts based on common investor objectives and a
set of assumptions, such as an investor’s age and investment size.
Because many annuities are designed to last for the long term, only
contracts from companies with an AM Best financial-strength rating
of A- or above were considered. Each investor’s situation is unique
to their goals and circumstances. Each purchaser’s best interests
should be considered prior to the purchase of any annuity.
About Global Atlantic Global Atlantic Financial Group is
a leading insurance company meeting the retirement and life
insurance needs of individuals and institutions. With a strong
financial foundation and risk and investment management expertise,
the company delivers tailored solutions to create more secure
financial futures. The company's performance has been driven by its
culture and core values focused on integrity, teamwork, and the
importance of building long-term client relationships. Global
Atlantic is a wholly owned subsidiary of KKR, a leading global
investment firm. Through its relationship, the company leverages
KKR's investment capabilities, scale and access to capital markets
to enhance the value it offers clients. KKR's parent company is KKR
& Co. Inc. (NYSE: KKR).
This material is intended to provide
educational information regarding the features and mechanics of the
product and is intended for use with the general public. 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. This press release
is not an offer to sell or solicitation of an offer to purchase
securities.
This material is authorized for distribution only when
accompanied or preceded by a prospectus and an
applicable product brochure for the annuities being offered. The
prospectus contains features, benefits, risks, fees, and other
information regarding the registered index-linked annuity contract,
which should be considered carefully before investing. You should
read the prospectus carefully before investing money.
Registered Indexed-linked annuity products are complex
insurance and investment vehicles. There is risk of loss of
principal. Early withdrawals may be subject to withdrawal charges
and a market value adjustment. Please refer to the prospectus for
other important information including any risks about the
product.
Guarantees provided are subject to the financial strength of
the issuing insurance company; not guaranteed by any bank or the
FDIC.
ForeStructured Growth registered index-linked annuity is issued
by Forethought Life Insurance Company, 10 West Market
Street, Suite 2300, Indianapolis, Indiana. FA1901SPDAX-01 and
FA4131-01 and rider forms FA4132-01, FA4133-01, FA4134-01,
ICC14-FL-FIATI, ICC14-FL-FIANC. ForeStructured Growth is
underwritten and distributed by Global Atlantic Distributors,
LLC.
ForeAccumulation II Advisory fixed index annuity is issued by
Forethought Life Insurance Company, 10 West Market Street,
Suite 2300, Indianapolis, Indiana. ForeAccumulation is available in
most states with Contract ICC-FA1801SPDA-01 and FA1801SPDA-01.
ForeIncome II fixed index annuity is issued by Forethought
Life Insurance Company, 10 West Market Street, Suite 2300,
Indianapolis, Indiana. ForeIncome is available with Contract
FA1801SPDA-01 and ICC17-FA1801SPDA-01 and rider forms FA4101-01,
ICC17-FA4101-01, FA4106-01, ICC17-FA4106-01, FA4107-01,
ICC17-FA4107-01, FA4109-01, ICC17-FA4109-01, FA4110-01,
ICC17-FA4110-01, FA4115-01, ICC17-FA4115-01, FA4116-01,
ICC17-FA4116-01, FA4111-01, ICC17-FA4111-01, FA4112-01,
ICC17-FA4112-01, FA4102-01 v2, ICC17-FA4102-01, FA4104-01 v2,
ICC17-FA4104-01, FL-FIANC-13, ICC14-FLFIANC, FL-FIATI-13 and
ICC14-FL-FIATI.
ForeCertain Income Annuity are issued by Forethought Life
Insurance Company, 10 West Market Street, Suite 2300,
Indianapolis, Indiana and are available in most states with
contract FL-FPA-13, as applicable.
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.
If you are investing in a registered index-linked annuity
through a tax-advantaged retirement plan such as an IRA, you will
receive no additional tax advantage from a (RILA). Under these
circumstances, you should only consider buying a (RILA) if it makes
sense because of the annuity’s other features.
Products, features, and marketing materials are subject to
state and firm availability and variations. Read the Contract for
complete details.
Global Atlantic Financial Group (Global Atlantic) is the
marketing name for The Global Atlantic Financial Group LLC and its
subsidiaries, including Accordia Life and Annuity Company,
Commonwealth Annuity and Life Insurance Company, Forethought Life
Insurance Company and Global Atlantic Re Limited. Each subsidiary
is responsible for its own financial and contractual obligations.
These subsidiaries are not authorized to do business in New
York.
((8-24) Red Oak Number: 3788536
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version on businesswire.com: https://www.businesswire.com/news/home/20240814424038/en/
ICR Inc. GlobalAtlantic@icrinc.com (203)
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