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United States : FORETHOUGHT LIFE issues TWO NEW FIXED INDEX ANNUITIES

August 8, 2014



Two new fixed index annuities has been published by Forethought Life, a unit of Global Atlantic Financial Group Ltd. for broker-dealer distribution.

ForeAccumulation has been designed for clients seeking savings potential and protection while the second, ForeIncome, offers a guaranteed lifetime income stream for retirement.

The insurer now provides fixed index annuities, fixed annuities and a fixed annuity with long-term care benefits via multiple distribution networks, as well as variable annuities sold exclusively through broker-dealers.

Both the new FIAs are the company s first index annuities designed exclusively for broker-dealers that have been selling increasing amounts of FIAs in the past year. Index annuities now account for 17% of annuity sales.

As per Paula Nelson, head of Forethought s annuity distribution, With these new offerings, we have combined our experience in the index annuity market with our strong partnerships with broker-dealers and their advisors.These products address specific retiree concerns while fitting the unique needs of our broker-dealer partners.


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Source: TendersInfo (India)


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