Index Bonus 115

 

Need to Know

Who: Clients age 0-85

Benefit: A 15% income boost on the initial premium received.

Min. issue: $10,000

Max. issue: $1 million 0-80; $500,000 81-85

Surrender charge period: ten years

 

A balance of predictability and potential

Index Bonus 115 fixed index annuity provides an initial income bonus equal to 15% of premium as well as a guaranteed lifetime income feature that grows at a rate of 6% at the end of each contract year for the first 10 years assuming no prior withdrawals) or until the date the Guaranteed Lifetime Income Benefit (GLIB) is activated.

 

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    Guarantees are based on the claims-paying ability of Forethought Life Insurance Company and assume compliance with the product’s benefit rules, as applicable.

    Global Atlantic Financial Group (Global Atlantic) is the marketing name for Global Atlantic Financial Group Limited and its subsidiaries, including Forethought Life Insurance Company and Accordia Life and Annuity Company. Each subsidiary is responsible for its own financial and contractual obligations.

    Index Bonus 115 fixed index annuity is issued by Forethought Life Insurance Company, 300 North Meridian Street, Suite 1800, Indianapolis, Indiana. Available in most states with contract FA2001SPDAX-01, FA2001SPDAXL-01 and ICC13-FA2001SPDAX-01 (certificate series GA2001SPDAX-01, as applicable). Read the contract for complete details. Products and features are subject to state availability.

    Products and features are subject to state availability and variations. Read the Contract for complete details.

    A fixed index annuity is intended for retirement or other long-term needs. It is intended for a person who has sufficient cash or other liquid assets for living expenses and other unexpected emergencies, such as medical expenses. A fixed index annuity is not a registered security or stock market investment and does not directly participate in any stock or equity investments or index.

    This information is written in connection with the promotion or marketing of the matter(s) addressed in this material. The information cannot be used or relied upon for the purpose of avoiding IRS penalties. These materials are not intended to provide tax, accounting or legal advice. As with all matters of a tax or legal nature, you should consult a tax or legal counsel for advice.

    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 surrender charges may also apply. Withdrawals will reduce the death benefit and any optional guaranteed amounts in an amount more than the actual withdrawal. If you are investing in a fixed index annuity through a tax-advantaged retirement plan such as an IRA, you will receive no additional tax advantage from a fixed index annuity. Under these circumstances, you should only consider buying a fixed index annuity if it makes sense because of the annuity’s other features, such as lifetime income payments and death benefit protection.

    Indices are unmanaged and not available for direct investment.

    FOR PRODUCER USE ONLY. NOT FOR USE WITH THE PUBLIC.

    Not a bank deposit Not FDIC/NCUA insured Not insured by any federal government agency No bank guarantee May lose value Not a condition of any bank activity

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