Fixed index annuity review and rates

ForeIncome II Advisory 7 Income Multiplier 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
4.5% 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
175% Participation
1-Year Russell 2000 PTP Cap
Point to Point
Annual
9% Cap
1-Year MSCI EAFE PTP Cap
Point to Point
Annual
9% Cap
1-Year BlackRock Diversa Volatility Control PTP Cap
Point to Point
Annual
18% Cap
1-Year S&P 500 PTP Cap
Point to Point
Annual
9% Cap
1-Year S&P 500 Performance Trigger
Performance Triggered
Annual
7% Performance triggered

Surrender schedule

Year 1 2 3 4 5 6 7
Penalty 2% 2% 2% 2% 2% 2% 2%

Riders

Name Inbuilt Fee
Advisory Income Multiplier Benefit Yes 1.00% 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
7 years
Return of premium
Market value adjustment
Minimum contribution
$25,000
Types of funds
Non-Qualified, IRA, SEP IRA, IRA-Roth, and TSP