Fixed index annuity review and rates

Choice Accumulation II 10

With a Choice Accumulation fixed index annuity, your contract value has the ability to grow. Initially, your contract value equals the amount of your Choice Accumulation purchase. For example, if you bought a $100,000 Choice Accumulation annuity, your initial contract value would be $100,000. But over time, your contract value may grow through one of many interest crediting strategies, including: 
  • During any period in which Forethought has a renewal credited rate for any strategy available for reallocation on that contract that is less favorable than the bailout rate, withdrawal charges and MVA are waived for any withdrawals during that period.
  • A withdrawal charge and Market Value Adjustments (MVA) may be incurred if you withdraw all or a portion of your money during the withdrawal charge period. FIA1307 3 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 strategy for steady growth: Choice Accumulation’s fixed crediting strategy can help you grow your contract value at a competitive annual fixed rate.
  • Strategies for more growth potential: There are also a variety of other choices where the interest your contract value may earn is linked to the performance of an index, such as the S&P 500®.
Available in states: AL, AK, AZ, AR, CA, CO, CT, DE, DC, FL, GA, HI, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, WV, WI, and WY

Allocation Accounts

Name Type Rates
1-Year Fixed Account
Fixed
3.7% Fixed
1-Year MSCI EAFE PTP Cap
Point to Point
Annual
9.25% Cap
1-Year Russell 2000 PTP Cap
Point to Point
Annual
9.25% Cap
1-Year S&P 500 PTP Cap
Point to Point
Annual
9.25% Cap
1-Year S&P 500 PTP Monthly Sum Cap
Point to Point
Annual
Monthly sum
1.2% Cap
1-Year PIMCO Balanced PTP Participation Rate
Point to Point
Annual
190% Participation
2-Year BlackRock Diversa Volatility Control PTP Spread
Point to Point
Biennial
2-Year Franklin US PTP Spread
Point to Point
Biennial
1-Year S&P 500 Performance Trigger
Performance Triggered
Annual
7% Performance triggered
1-Year Fixed Account
Fixed
3.85% Fixed
2-Year Franklin US PTP Spread
Point to Point
Biennial
2-Year BlackRock Diversa Volatility Control PTP Spread
Point to Point
Biennial
1-Year PIMCO Balanced PTP Participation Rate
Point to Point
Annual
200% Participation
1-Year S&P 500 PTP Monthly Sum Cap
Point to Point
Annual
Monthly sum
1.25% Cap
1-Year S&P 500 PTP Cap
Point to Point
Annual
10% Cap
1-Year Russell 2000 PTP Cap
Point to Point
Annual
10% Cap
1-Year MSCI EAFE PTP Cap
Point to Point
Annual
10% Cap
1-Year S&P 500 Performance Trigger
Performance Triggered
Annual
7.75% Performance triggered

Surrender schedule

Year 1 2 3 4 5 6 7 8 9 10
Penalty 9% 9% 8% 7% 6% 5% 4% 3% 2% 1%

Riders

Name Inbuilt Fee
GA Enhanced Death Benefit No 0.50% annually
Global Atlantic Financial Group
Founded: 2004
A.M. Best: A
Fitch: A
S&P: A
Moody's: A2
Carrier details
Free withdrawal
10%
Surrender schedule
10 years
Return of premium
Market value adjustment
Minimum contribution
$25,000
Types of funds
Non-Qualified, IRA, SEP IRA, IRA-Roth, Inherited IRA, NQ Stretch, and TSP