Advantage Employer Sponsored Variable Annuity | Global Atlantic Financial Group

Advantage IV

A retirement product designed to deliver investment flexibility

Advantage IV variable annuity, available through eligible 403(b) retirement plans, offers a variety of investment and payout options to help you create a retirement strategy tailored to your individual needs.

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Available through 403(b) employer plans.

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Take advantage of flexibility when creating a retirement savings strategy

The Advantage IV variable annuity offers you significant flexibility in designing a retirement savings approach. With Advantage IV, you can choose from more than 60 variable investment options,¹ plus enjoy the availability of a fixed account to help build your future, and a death benefit to help protect your beneficiaries.

Access to Your Money at Retirement
Be prepared for the unexpected. The Advantage IV variable annuity offers a benefit that gives you the potential to access your money without surrender charges. As with many annuity products, Advantage IV includes a surrender charge period of seven years that applies to each contribution made. However, within a qualified plan or IRA, you can access your money earlier free of surrender charge by meeting two conditions – reaching age 59½ and owning the annuity contract for at least five years. Your financial advisor can help you decide if this product is right for you.

Predictability throughout Retirement
The fear of running out of money in retirement is one shared by many people. Advantage IV offers several different annuitization options, as well as a maximum annuitization age that is higher than many other products.

We offer:

Guaranteed income for life
Guaranteed income for life and joint annuitant’s life
Guaranteed income for a specified time period of 10 years
Maximum annuitization age of 90 year

Product Highlights

A retirement product available for eligible employers within 403 (b) plans
More than 60 variable investment options¹
Guarantees with flexibility
Predictability throughout retirement with multiple annuitization options
The possibility of accessing your money early, free of surrender charge, by meeting certain conditions

Take advantage of significant flexibility.

Speak to your financial advisor about Advantage IV today.

Related Links & Resources

Variable annuities are long-term investments intended for retirement purposes that offer tax-deferral, professionally managed investment options and flexible payouts. Values will fluctuate with investment performance, and the annuity may gain or lose value. Charges and fees will also reduce its value. Optional benefits are not available for purchase outside of a variable annuity and may be elected at an additional cost. A standard death benefit is included in the base product. Suitability and willingness to purchase the variable annuity must be considered prior to the potential benefits of any optional features. 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.

¹ Not all investment options are available in non-qualified contracts. See prospectus for details.

This material is intended to provide educational information regarding the features and mechanics of the product and is intended for use with the general public. It should not be considered, and does not constitute, personalized investment advice. The issuing insurance company is not an investment adviser nor registered as such with the SEC or any state securities regulatory authority. It’s not acting in any fiduciary capacity with respect to any contract and/or investment.

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

Annuities may contain certain fees and charges including mortality and expense charges, administrative charges, withdrawal charges and a contract fee. Annuity contracts do not represent deposits or obligations of any banking institution nor are they insured by the Federal Deposit Insurance Corporation or by any Federal government agency. Variable annuities issued by Commonwealth Annuity and Life Insurance Company, and underwritten and distributed by Global Atlantic Distributors, LLC.

Advantage IV variable annuity is a flexible premium fixed and variable deferred annuity issued by Commonwealth Annuity and Life Insurance Company, 20 Guest Street, Brighton, MA 02135: Contract Form #3038-07. Advantage IV is underwritten and distributed by Global Atlantic Distributors, LLC.

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

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