Fixed index annuity review and rates
ForeIncome II 5 Guaranteed Income Builder Benefit
ForeIncome is a single premium fixed index annuity designed with a guaranteed lifetime withdrawal benefit to help meet the need for predictable lifetime income in retirement.
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, VA, WA, WV, WI, and WY
Allocation Accounts
| Name | Type | Rates |
|---|---|---|
| 1-Year Fixed Account |
Fixed
|
3.5%
Fixed
|
| 2-Year BlackRock Diversa Volatility Control PTP Spread |
Point to Point
Biennial
|
|
| 1-Year MSCI EAFE PTP Cap |
Point to Point
Annual
|
6.5%
Cap
|
| 1-Year PIMCO Balanced PTP Participation Rate |
Point to Point
Annual
|
140%
Participation
|
| 2-Year Franklin US PTP Spread |
Point to Point
Biennial
|
|
| 1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
6.5%
Cap
|
| 1-Year BlackRock Diversa Volatility Control PTP Cap |
Point to Point
Annual
|
14%
Cap
|
| 1-Year Russell 2000 PTP Cap |
Point to Point
Annual
|
6.5%
Cap
|
| 1-Year S&P 500 Performance Trigger |
Performance Triggered
Annual
|
5.5%
Performance triggered
|
Surrender schedule
| Year | 1 | 2 | 3 | 4 | 5 |
|---|---|---|---|---|---|
| Penalty | 9% | 8% | 7% | 6% | 5% |
Riders
| Name | Inbuilt | Fee |
|---|---|---|
| Guaranteed Income Builder Benefit | Yes | 1.00% annually |
Global Atlantic Financial Group
Founded:
2004
A.M. Best:
A
Fitch:
A
S&P:
A
Moody's:
A2
Brochure
Free withdrawal
10%
Surrender schedule
5 years
Return of premium
Market value adjustment
Minimum contribution
$25,000
Types of funds
Non-Qualified, IRA, SEP IRA, IRA-Roth, and TSP