ForeAccumulation II 10 with Enhanced Death Benefit
The ForeAccumulation II 10 with Enhanced Death Benefit is truly a retiree’s best friend. This annuity is known for providing reliable income flow, ensuring you a worry-free golden age. Its distinct feature - an enhanced death benefit, guarantees protection for your loved ones in case of unforeseen circumstances.
From remarkably stable rates to easy-to-understand terms, this annuity offers great peace of mind. It's practically like purchasing a ticket to a secure and comfortable future. A product worthy of considerate thought for every future retiree.
ForeAccumulation II 10 with Enhanced Death Benefit
About Product
Please note the Enhanced Death Benefit Rider is inbuilt into this product. A product with no rider is available separately.
Allocation Accounts
| Name | Type | Rates |
|---|---|---|
| 1-Year Fixed Account |
Fixed
|
4.9%
Fixed
|
| 1-Year MSCI EAFE PTP Cap |
Point to Point
Annual
|
10%
Cap
|
| 1-Year Franklin US PTP Participation Rate |
Point to Point
Annual
|
150%
Participation
|
| 2-Year BlackRock Diversa Volatility Control PTP Participation Rate |
Point to Point
Biennial
|
225%
Participation
|
| 1-Year BlackRock Diversa Volatility Control PTP Participation Rate |
Point to Point
Annual
|
150%
Participation
|
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 (ages 0-70) | Yes | 0.50% annually |
| GA Enhanced Death Benefit (ages 71-80) | Yes | 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The Contract Value may be withdrawn with no Withdrawal Charges or MVA if after the Initial Strategy Term expires the renewal rates/caps are set at rates below (above for spread-based strategies)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
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nursing facility for at least 90 consecutive days, withdrawal charges and MVA on any portion of the contract value withdrawn will be waived.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
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after the first contract anniversary, withdrawal charges and MVA will be waived on any portion of the contract value withdrawn.
Withdrawal Provisions
Death Benefit Remaining contract value passes to beneficiaries at no additional charge. Enhanced Death Benefit An 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 80 will apply.
- A.M. Best A
- Fitch A
- S&P A-
- Moody's A2
- Comdex 75
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