Ratings:

A.M. Best A
Fitch A
S&P A-
Moody's A2
Comdex 75

James Alden

Experienced Financial Advisor

25 years

experience

3,712

career consultations

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Choice Accumulation II Edge 5

The Global Atlantic Financial Group is a dominant retirement and life insurance company that was established at the dawn of the 21st century, in 2004. Initially known as the Goldman Sachs Reinsurance Group, Global Atlantic seeks, above all, to deliver value to its distribution partners and clients. With a universal selection of financial protection products, including life insurance, preneed insurance, and various annuity types, the company is led by an executive team with thorough expertise in traditional insurance operations as well as investment and risk management. On top of being loyal providers for individual clients, Global Atlantic also helps insurance companies release capital, exit non-core businesses, and finance acquisitions.

Choice Accumulation II Edge 5

Your Email

Ratings:

A.M. Best A
Fitch A
S&P A-
Moody's A2
Comdex 75

About Product

Type

Fixed Index

Purpose

Accumulation & Legacy

Term

5 Years

Surrender schedule

8%8%7%6%5%

Fee withdrawal:

10%

Market Value Adjustment

Yes

Return Of Premium

Minimum Contribution

$25,000

Maximum Contribution

$1,000,000

Max Age Qualified

Types Of Funds

Non-Qualified, IRA, IRA Rollover, IRA Transfer, SEP IRA, IRA-Roth, Inherited IRA, NQ Stretch, and TSP

Launch Date

06/22/2020

The Choice Accumulation II Edge 5 is a single premium fixed index annuity that offers both upside opportunity and downside market protection. The Enhanced Accumulation Strategy (EAS) offers a Guaranteed Participation Rate during the Withdrawal Charge Period.

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 Janus SG Global Trends PTP EAS Participation Rate	Threshold Part Rate Next Year Enhanced Annual	130% Participation
1-Year Franklin US PTP EAS Participation Rate	Threshold Part Rate Next Year Enhanced Annual	80% Participation
1-Year Morgan Stanley Inflation Aware PTP EAS Participation Rate	Threshold Part Rate Next Year Enhanced Annual	90% Participation
1-Year Fixed Account	Fixed	3.9% Fixed
2-Year Franklin US PTP Spread	Point to Point Biennial
1-Year S&P 500 PTP Cap	Point to Point Annual	8% Cap
1-Year Janus SG Global Trends PTP EAS Participation Rate	Threshold Part Rate Next Year Enhanced Annual	135% Participation
1-Year Franklin US PTP EAS Participation Rate	Threshold Part Rate Next Year Enhanced Annual	85% Participation
1-Year Morgan Stanley Inflation Aware PTP EAS Participation Rate	Threshold Part Rate Next Year Enhanced Annual	95% Participation
1-Year Fixed Account	Fixed	4% Fixed
2-Year Franklin US PTP Spread	Point to Point Biennial
1-Year S&P 500 PTP Cap	Point to Point Annual	8.25% Cap

Surrender schedule

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

Riders

Name	Inbuilt	Fee
Optional Enhanced Death Benefit (ages 0-70)	No	0.50% annually
Optional Enhanced Death Benefit (ages 71-80)	No	0.95% annually

Waivers

Bail-Out

The Contract Value may be withdrawn with no Withdrawal Charges or MVA if after the Initial Strategy Term expires the renewal rates/caps are set at rates below (above for spread-based strategies) the Bailout Rate (Withdrawal Charge Waiver Rate).

Nursing Home

Unavailable in states: CA

At any time on or after the Issue Date of the policy, if you should become confined to an approved nursing facility for at least 90 consecutive days, withdrawal charges and MVA on any portion of the contract value withdrawn will be waived. The nursing care waiver does not include home health care.

Terminal Illness

Unavailable in states: CA

If you have been diagnosed with a terminal illness after the first contract anniversary, withdrawal charges and MVA will be waived on any portion of the contract value withdrawn.

Premium Notes

Min. issue
$25,000

Max. Issue
$1 million 0-80
$500,000 81-85

NQ stretch and Inherited/Beneficiary IRA Requires use of systematic Withdrawal Program (life expectancy option) and has a maximum issue age of 75. Additionally, the Optional Enhanced Death Benefit is not allowed on these plan types. Beneficiary must be either spouse of original owner at time of death or less than 10 years younger than original owner.

Note: TSP funds have to be rolled into an IRA.

Withdrawal Provisions

Death Benefit
Remaining contract value passes to beneficiaries at no additional charge.

Optional Enhanced Death Benefit
Optional enhanced death benefit will be available at an annual cost of 0.50%, assessed at the end of the contract year, based off of the Enhanced Death Benefit amount. The benefit will be comprised of a guaranteed roll-up of 7.00% simple interest for 15 years based off of premiums, less withdrawals. All withdrawals will reduce the benefit. A minimum issue age of 0 and maximum age of 75 will apply.

Free Withdrawals

Withdrawals during the Withdrawal Charge Period may be subject to Withdrawal Charges and any applicable Market Value Adjustment. You may make cumulative withdrawals each Contract Year of up to 10% of the Contract Value at the beginning of each Contract Year without incurring Withdrawal Charges or Market Value Adjustments. If you withdraw less than the available Free Withdrawal Amount in any Contract Year, your available Free Withdrawal Amount in future Contract Years will not increase.
The free withdrawal amount is the greater of: