ForeAccumulation II 5 with Enhanced Death Benefit
The ForeAccumulation II 5 with Enhanced Death Benefit is a secure choice for retirees. It ensures steady income stream for you, with added peace of mind knowing your loved ones aren't left hanging.
The enhanced death benefit stands out, providing additional protection for your family. This annuity is a smart and caring decision for your golden years.
ForeAccumulation II 5 with Enhanced Death Benefit
Ratings:
- A.M. Best A
- Fitch A
- S&P A-
- Moody's A2
- Comdex 75
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
|
4.25%
Fixed
|
| 1-Year MSCI EAFE PTP Cap |
Point to Point
Annual
|
9%
Cap
|
| 2-Year BlackRock Diversa Volatility Control PTP Participation Rate |
Point to Point
Biennial
|
195%
Participation
|
| 1-Year Franklin US PTP Participation Rate |
Point to Point
Annual
|
135%
Participation
|
| 1-Year BlackRock Diversa Volatility Control PTP Participation Rate |
Point to Point
Annual
|
135%
Participation
|
| 2-Year PIMCO Balanced PTP Participation Rate |
Point to Point
Biennial
|
270%
Participation
|
| 2-Year Franklin US PTP Spread |
Point to Point
Biennial
|
|
| 1-Year PIMCO Balanced PTP Participation Rate |
Point to Point
Annual
|
185%
Participation
|
| 1-Year BlackRock Diversa Volatility Control PTP Cap |
Point to Point
Annual
|
15.75%
Cap
|
| 1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
8.5%
Cap
|
| 2-Year Franklin US PTP Participation Rate |
Point to Point
Biennial
|
195%
Participation
|
| 1-Year JP Morgan Cross-Asset Strategy PTP Participation Rate |
Point to Point
Annual
|
135%
Participation
|
| 2-Year JP Morgan Cross-Asset Strategy PTP Participation Rate |
Point to Point
Biennial
|
195%
Participation
|
| 1-Year S&P 500 Performance Trigger |
Performance Triggered
Annual
|
6.75%
Performance triggered
|
| 1-Year Fixed Account |
Fixed
|
4.35%
Fixed
|
| 2-Year JP Morgan Cross-Asset Strategy PTP Participation Rate |
Point to Point
Biennial
|
200%
Participation
|
| 2-Year Franklin US PTP Participation Rate |
Point to Point
Biennial
|
200%
Participation
|
| 1-Year Franklin US PTP Participation Rate |
Point to Point
Annual
|
140%
Participation
|
| 1-Year JP Morgan Cross-Asset Strategy PTP Participation Rate |
Point to Point
Annual
|
140%
Participation
|
| 2-Year BlackRock Diversa Volatility Control PTP Participation Rate |
Point to Point
Biennial
|
200%
Participation
|
| 1-Year BlackRock Diversa Volatility Control PTP Participation Rate |
Point to Point
Annual
|
140%
Participation
|
| 2-Year PIMCO Balanced PTP Participation Rate |
Point to Point
Biennial
|
275%
Participation
|
| 1-Year MSCI EAFE PTP Cap |
Point to Point
Annual
|
9.25%
Cap
|
| 1-Year PIMCO Balanced PTP Participation Rate |
Point to Point
Annual
|
190%
Participation
|
| 2-Year Franklin US PTP Spread |
Point to Point
Biennial
|
|
| 1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
8.75%
Cap
|
| 1-Year BlackRock Diversa Volatility Control PTP Cap |
Point to Point
Annual
|
16%
Cap
|
| 1-Year S&P 500 Performance Trigger |
Performance Triggered
Annual
|
7%
Performance triggered
|
| 1-Year S&P 500 PTP Locked Cap |
Point to Point
Annual
|
6.25%
Cap
|
| 1-Year S&P 500 PTP Locked Cap |
Point to Point
Annual
|
6.25%
Cap
|
Surrender schedule
| Year | 1 | 2 | 3 | 4 | 5 |
|---|---|---|---|---|---|
| Penalty | 8% | 8% | 7% | 6% | 5% |
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
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
Non-qualified, Non-qualified Stretch, IRA, Inherited/Beneficiary IRA, Roth IRA and SEP IRA
NQ Stretch: 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.
Inherited IRA: 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
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.
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