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ForeIncome II 5 Income Multiplier Benefit

The ForeIncome II 5 Income Multiplier Benefit annuity is a wonderful financial tool for a secure retirement. It offers a steady income and a peace of mind knowing your finances are in good hands.

This product stands out with its unique income multiplier benefit, ensuring you're supported even when the cost of living increases. Celebrate your golden years with ForeIncome II 5, your dependable partner in retirement.

ForeIncome II 5 Income Multiplier Benefit

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About Product

Type

Fixed Index

Purpose

Lifetime Income

Term

5 Years

Surrender schedule

Fee withdrawal:

10%

Market Value Adjustment

Yes

Return Of Premium

Yes

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, and TSP

Launch Date

08/27/2018

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	3% Fixed
1-Year S&P 500 PTP Cap	Point to Point Annual	5% Cap
1-Year JP Morgan Cross-Asset Strategy PTP Participation Rate	Point to Point Annual	75% Participation
2-Year JP Morgan Cross-Asset Strategy PTP Participation Rate	Point to Point Biennial	105% Participation
1-Year Franklin US PTP Participation Rate	Point to Point Annual	75% Participation
2-Year Franklin US PTP Participation Rate	Point to Point Biennial	105% Participation
2-Year PIMCO Balanced PTP Participation Rate	Point to Point Biennial	150% Participation
1-Year BlackRock Diversa Volatility Control PTP Participation Rate	Point to Point Annual	75% Participation
2-Year BlackRock Diversa Volatility Control PTP Participation Rate	Point to Point Biennial	105% Participation
1-Year MSCI EAFE PTP Cap	Point to Point Annual	5% Cap
2-Year Franklin US PTP Spread	Point to Point Biennial	0.5% Spread
1-Year BlackRock Diversa Volatility Control PTP Cap	Point to Point Annual	9% Cap
1-Year PIMCO Balanced PTP Participation Rate	Point to Point Annual	105% Participation
1-Year S&P 500 Performance Trigger	Performance Triggered Annual	4.25% Performance triggered
1-Year Fixed Account	Fixed	3% Fixed
2-Year PIMCO Balanced PTP Participation Rate	Point to Point Biennial	150% Participation
1-Year JP Morgan Cross-Asset Strategy PTP Participation Rate	Point to Point Annual	75% Participation
2-Year JP Morgan Cross-Asset Strategy PTP Participation Rate	Point to Point Biennial	105% Participation
1-Year Franklin US PTP Participation Rate	Point to Point Annual	75% Participation
2-Year Franklin US PTP Participation Rate	Point to Point Biennial	105% Participation
1-Year MSCI EAFE PTP Cap	Point to Point Annual	5% Cap
1-Year PIMCO Balanced PTP Participation Rate	Point to Point Annual	105% Participation
2-Year Franklin US PTP Spread	Point to Point Biennial	0.5% Spread
1-Year BlackRock Diversa Volatility Control PTP Participation Rate	Point to Point Annual	75% Participation
2-Year BlackRock Diversa Volatility Control PTP Participation Rate	Point to Point Biennial	105% Participation
1-Year S&P 500 PTP Cap	Point to Point Annual	5% Cap
1-Year BlackRock Diversa Volatility Control PTP Cap	Point to Point Annual	9% Cap
1-Year S&P 500 Performance Trigger	Performance Triggered Annual	4.25% Performance triggered

Surrender schedule

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

Hypothetical Projection

Comparison against S&P 500 using current rates

See if this annuity ranks in your top 3 for Ohio

Investment Amount

Riders

Name	Inbuilt	Fee
Income Multiplier Benefit	Yes	1.05% 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 your client 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. State variations apply. The nursing care waiver does not include home health care.

Terminal Illness

If your client has 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

Premium amount

$25,000 minimum premium
$1,000,000 maximum premium for ages 45-80 (as measured by total contribution per person for all annuities with the company)
$500,000 maximum premium for ages 81-85 (as measured by total contribution per person for all annuities with the company)

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

Withdrawal Provisions

Guaranteed Minimum Surrender Value (GMSV)The GMSV is equal to the Premium Payment less withdrawal proceeds. If GLWB income activation has not occurred, the GMSV is used for determining the following after the withdrawal charge period when greater than the contract value:Death Benefit;Surrender value;Contract value for annuitization purposes.Death BenefitRemaining contract value passes to beneficiaries at no additional charge.Withdrawal chargesUp to 10% of the beginning-of-year contract value may be withdrawn annually without incurring a withdrawal charge. Withdrawal charges apply to amounts withdrawn in excess of the free withdrawal amount during the withdrawal charge period.Taxable distributions (including certain deemed distributions) are subject to ordinary income taxes, and if made prior to age 59½, may also be subject to a 10% federal income tax penalty. Payments from IRAs are taxable in accordance with the normal rules surrounding taxation of payments from an IRA. Early withdrawal charges may also apply. Withdrawals may reduce any optional guaranteed amounts in an amount more than the actual withdrawal. Withdrawal Charge Schedule availability may vary by firm.

Company Founded: 2004

Excellent Rated Company

Global Atlantic Financial Group

Company Ratings

4.5