“The retirement population is growing rapidly and retirees face some very real financial challenges that we want to help them overcome,” said
Forethought has been in the fixed index annuity market since 2007. These additional products mark the company’s first index annuities designed exclusively to meet the unique needs of broker-dealers, helping their advisors serve clients in one of the fastest growing segments of the annuity market. According to LIMRA, index annuities account for 17 percent of annuity sales today.
One of the new index annuity products, ForeAccumulation™, is designed for clients seeking savings potential and protection while the second, ForeIncome™, offers a guaranteed lifetime income stream for retirement.
“With these new offerings, we have combined our experience in the index annuity market with our strong partnerships with broker-dealers and their advisors,” said
Index annuities typically offer the opportunity to earn tax-deferred interest based in part on the positive movement of an equity index, with zero percent credited in negative years, eliminating the risk of market performance-based losses.
Forethought is a subsidiary of
Guarantees are based on claims-paying ability of
Products and features are subject to state availability and variations. Read the Contract for complete details.
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.
If you are investing in a fixed index annuity through a tax-advantaged retirement plan such as an IRA, you will receive no additional tax advantage from a variable annuity. Under these circumstances, you should only consider buying a variable annuity if it makes sense because of the annuity’s other features, such as lifetime income payments and death benefit protection.
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.
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
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.
ForeAccumulation™ and ForeIncome™ fixed index annuities are issued by
Not a bank deposit. Not
Variable annuities are issued by
Variable annuities are sold by prospectus. The prospectus contains investment objectives, risks, fees, charges, expenses, and other information regarding the variable annuity contract and the underlying investments,which should be considered carefully before investing money. You can obtain a prospectus from your financial advisor or by visiting www.forethought.com.
Chief Operating Officer, Global Atlantic
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