ForeAccumulation II 7
The ForeAccumulation II 7 Annuity offers a simple, secure way for retirees to ensure a steady income for the rest of their lives. With its fixed rates, you never have to worry about market downturns affecting your financial future.
This annuity features flexibility, offering withdrawal options to help you manage your retirement income effectively. Its a smart choice promising a carefree and comfortable retirement.
ForeAccumulation II 7
About Product
Growth Accelerator Rider
Interest crediting strategies with the Growth Accelerator Rider is added onto select existing interest crediting strategies that will offer increased caps or participation rates in exchange for a rider charge.
The rider charge (1.25%) is assessed at the end of the Strategy Term against only the Contract Value allocated to interest crediting strategies with the Growth Accelerator Rider. Contract Value allocated to interest crediting strategies without the Growth Accelerator Rider will not be assessed a rider charge. This charge will be assessed even if no interest is credited due to zero or negative index performance. The cost of this rider may cause the Contract Value to be negative. This Rider is only available during the Withdrawal Charge Period. This rider may not be elected in conjunction with the Enhanced Death Benefit Rider or the Premium Enhancement Rider.
Allocation Accounts
Name | Type | Rates |
---|---|---|
1-Year Fixed Account |
Fixed
|
4.65%
Fixed
|
1-Year PIMCO Balanced PTP Participation Rate with Growth Accelerator |
Point to Point
Annual
|
215%
Participation
|
1-Year BlackRock Diversa Volatility Control PTP Participation Rate |
Point to Point
Annual
|
140%
Participation
|
2-Year Franklin US PTP Participation Rate |
Point to Point
Biennial
|
205%
Participation
|
1-Year Franklin US PTP Participation Rate |
Point to Point
Annual
|
140%
Participation
|
2-Year JP Morgan Cross-Asset Strategy PTP Participation Rate |
Point to Point
Biennial
|
205%
Participation
|
1-Year JP Morgan Cross-Asset Strategy PTP Participation Rate |
Point to Point
Annual
|
140%
Participation
|
1-Year S&P 500 PTP Cap with Growth Accelerator |
Point to Point
Annual
|
11.25%
Cap
|
1-Year MSCI EAFE PTP Cap with Growth Accelerator |
Point to Point
Annual
|
11.25%
Cap
|
2-Year Franklin US PTP Spread |
Point to Point
Biennial
|
|
2-Year PIMCO Balanced PTP Participation Rate with Growth Accelerator |
Point to Point
Biennial
|
320%
Participation
|
2-Year BlackRock Diversa Volatility Control PTP Participation Rate with Growth Accelerator |
Point to Point
Biennial
|
220%
Participation
|
1-Year BlackRock Diversa Volatility Control PTP Participation Rate with Growth Accelerator |
Point to Point
Annual
|
150%
Participation
|
2-Year Franklin US PTP Participation Rate with Growth Accelerator |
Point to Point
Biennial
|
220%
Participation
|
1-Year Franklin US PTP Participation Rate with Growth Accelerator |
Point to Point
Annual
|
150%
Participation
|
2-Year JP Morgan Cross-Asset Strategy PTP Participation Rate with Growth Accelerator |
Point to Point
Biennial
|
220%
Participation
|
1-Year JP Morgan Cross-Asset Strategy PTP Participation Rate with Growth Accelerator |
Point to Point
Annual
|
150%
Participation
|
2-Year PIMCO Balanced PTP Participation Rate |
Point to Point
Biennial
|
280%
Participation
|
2-Year BlackRock Diversa Volatility Control PTP Participation Rate |
Point to Point
Biennial
|
205%
Participation
|
1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
9.25%
Cap
|
1-Year BlackRock Diversa Volatility Control PTP Cap |
Point to Point
Annual
|
15.75%
Cap
|
1-Year MSCI EAFE PTP Cap |
Point to Point
Annual
|
9.75%
Cap
|
1-Year PIMCO Balanced PTP Participation Rate |
Point to Point
Annual
|
195%
Participation
|
1-Year S&P 500 Performance Trigger |
Performance Triggered
Annual
|
7%
Performance triggered
|
1-Year Fixed Account |
Fixed
|
4.75%
Fixed
|
1-Year BlackRock Diversa Volatility Control PTP Participation Rate with Growth Accelerator |
Point to Point
Annual
|
155%
Participation
|
2-Year PIMCO Balanced PTP Participation Rate with Growth Accelerator |
Point to Point
Biennial
|
325%
Participation
|
1-Year S&P 500 PTP Cap with Growth Accelerator |
Point to Point
Annual
|
11.5%
Cap
|
2-Year BlackRock Diversa Volatility Control PTP Participation Rate with Growth Accelerator |
Point to Point
Biennial
|
225%
Participation
|
1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
9.5%
Cap
|
1-Year MSCI EAFE PTP Cap with Growth Accelerator |
Point to Point
Annual
|
11.5%
Cap
|
1-Year PIMCO Balanced PTP Participation Rate with Growth Accelerator |
Point to Point
Annual
|
220%
Participation
|
2-Year Franklin US PTP Participation Rate with Growth Accelerator |
Point to Point
Biennial
|
225%
Participation
|
1-Year Franklin US PTP Participation Rate with Growth Accelerator |
Point to Point
Annual
|
155%
Participation
|
2-Year JP Morgan Cross-Asset Strategy PTP Participation Rate with Growth Accelerator |
Point to Point
Biennial
|
225%
Participation
|
1-Year JP Morgan Cross-Asset Strategy PTP Participation Rate with Growth Accelerator |
Point to Point
Annual
|
155%
Participation
|
1-Year PIMCO Balanced PTP Participation Rate |
Point to Point
Annual
|
200%
Participation
|
1-Year MSCI EAFE PTP Cap |
Point to Point
Annual
|
10%
Cap
|
1-Year BlackRock Diversa Volatility Control PTP Cap |
Point to Point
Annual
|
16%
Cap
|
1-Year JP Morgan Cross-Asset Strategy PTP Participation Rate |
Point to Point
Annual
|
145%
Participation
|
2-Year JP Morgan Cross-Asset Strategy PTP Participation Rate |
Point to Point
Biennial
|
210%
Participation
|
2-Year Franklin US PTP Spread |
Point to Point
Biennial
|
|
1-Year Franklin US PTP Participation Rate |
Point to Point
Annual
|
145%
Participation
|
2-Year Franklin US PTP Participation Rate |
Point to Point
Biennial
|
210%
Participation
|
2-Year PIMCO Balanced PTP Participation Rate |
Point to Point
Biennial
|
285%
Participation
|
1-Year BlackRock Diversa Volatility Control PTP Participation Rate |
Point to Point
Annual
|
145%
Participation
|
2-Year BlackRock Diversa Volatility Control PTP Participation Rate |
Point to Point
Biennial
|
210%
Participation
|
1-Year S&P 500 Performance Trigger |
Performance Triggered
Annual
|
7.25%
Performance triggered
|
1-Year S&P 500 PTP Locked Cap |
Point to Point
Annual
|
7.5%
Cap
|
1-Year S&P 500 PTP Locked Cap |
Point to Point
Annual
|
7.5%
Cap
|
Surrender schedule
Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 |
---|---|---|---|---|---|---|---|
Penalty | 8% | 8% | 7% | 6% | 5% | 4% | 3% |
Riders
No Riders for ForeAccumulation II 7 annuity.
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.
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
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 75 will apply.
- A.M. Best A
- Fitch A
- S&P A-
- Moody's A2
- Comdex 75