SecureFore II 5-Year

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.

SecureFore II 5-Year

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About Product

Premium Type

Single Premium

Fee withdrawal:

10%

Market Value Adjustment

Yes

Return Of Premium

Minimum Contribution

$10,000

Maximum Contribution

$1,000,000

Max Age Qualified

Types Of Funds

Non-Qualified, Traditional IRA, Spousal IRA, IRA Rollover, IRA Transfer, SEP IRA, IRA-Roth, Inherited IRA, NQ Stretch, and Roth Conversion (Full)

Launch Date

03/31/2014

MYGA Interest Rates

Term	Rate Annual percentage yield (APY) earned over the investment term
5 years	5.1%

SecureFore 5 offers you the potential to grow your retirement assets without the risk of stock market declines. It works to maximize your retirement income in two ways: With SecureFore 5, your contract growth is predictable. The interest rate schedule is locked in for five years. After the interest rate guarantee period expires, a renewal rate will be declared and guaranteed* for one year. This will occur at the beginning of each subsequent contract year growth and tax-deferral. Any Required Minimum Distribution (RMD) imposed by the IRS on this contract, even if it exceeds the free withdrawal amount (except in the year of full surrender). Annual free withdrawals will equal the greater of these two amounts. State variations apply.

The principal is 100% guaranteed if held to the end of the withdrawal charge period Less prior withdrawals and less withdrawal charges on any prior withdrawals. Withdrawal charges are not assessed on free withdrawals. Amounts withdrawn in excess of the free withdrawal amount may be subject to withdrawal charges. Withdrawals of taxable amounts are subject to ordinary income tax and may be subject to a 10% federal income tax penalty if taken before age 59 1/2.

Premium Payment
Single premium
Minimum

$10,000

Maximum

$1,000,000 for age 0–80;
$500,000 for age 81–85 (Approval required for premium in excess of these limits).

Withdrawal privileges

10% of the beginning-of-year contract value after the first contract year (10% of Annuity Deposit in the first Contract Year) can be withdrawn each year without incurring Withdrawal Charges.
Systematic withdrawals may be specified by dollar amount with choice of payout frequency.

If you withdraw an amount in excess of this free withdrawal amount, you may be subject to withdrawal charges. Withdrawals of taxable amounts are subject to ordinary income tax and may be subject to a 10% federal income tax penalty if taken before age 59½.

Market Value Adjustment (MVA)
A Market Value Adjustment refers to the potential fluctuation of the surrender value of the annuity in response to market conditions. Applies during the Withdrawal Charge Period on withdrawals in excess of the Free Partial Withdrawal Amount. The MVA also applies to annuitization during the Withdrawal Charge Period when a Withdrawal Charge would also apply.
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.

Death Benefit
Beneficiaries will receive the full Contract Value amount without incurring any Withdrawal Charges.

Riders

No Riders for SecureFore II 5-Year annuity.

Waivers

Death

Your beneficiaries are eligible to receive a death benefit equal to the full contract value without incurring any withdrawal charges.

Nursing Home

At any time on or after the Issue Date of the contract, 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.

Terminal Illness

If a Covered Person has been diagnosed with a Terminal Illness, any portion of the Contract Value withdrawn after the first Contract Year will not be subject to a Withdrawal Charge or a Market Value Adjustment.

RMD

The contract includes an RMD waiver allowing IRS-required Minimum Distributions to be withdrawn without surrender charges, even if the amount exceeds the standard free withdrawal limit.

Company Founded: 2004

Excellent Rated Company

Global Atlantic Financial Group

Company Ratings

4.5