New York, NY — Global Atlantic Financial Group (“Global Atlantic”), a leading insurance company meeting the retirement and life insurance needs of individuals and institutions, has announced its inclusion in the annual Barron’s list of the 100 Best Annuities. Annuities issued by Global Atlantic subsidiary Forethought Life Insurance Company were recognized by Barron’s in the Registered Index-Linked Annuities and Fixed-Indexed Annuities categories.
“We are focused on delivering meaningful annuity solutions to help individuals address their retirement challenges. We are honored that Barron’s has recognized some of those options as among the best in their respective categories,” said Rob Arena, Co-President and Head of Individual Markets at Global Atlantic.
ForeStructured Growth, the firm’s registered index-linked annuity (RILA), was recognized as a top choice among buffered, as well as floor-style, commission-based RILAs. A buffer is designed to prevent a contract from experiencing losses up to a stated percentage, while a floor seeks to stop losses at a certain amount.
ForeStructured Growth’s 10% and 20% buffer crediting strategies, which are designed to guard against the first 10% or 20% of index losses, were recognized. The “floor” crediting strategies on ForeStructured Growth is designed to limit the loss exposure to a maximum of 10%. Both protection options are offered within interest crediting strategies designed to provide meaningful upside potential.
ForeAccumulation II Advisory, one of the firm’s core fixed-indexed annuities (FIA), was recognized as a top fee-based choice “for investors who want principal protection and returns potentially higher than plain fixed-rate products.” This annuity offers growth potential with no market-based losses, and the potential for interest crediting based upon 100% participation of positive linked index performance up to a cap.
The Barron’s annual list is a compilation of “100 competitive contracts based on common investor objectives and a set of assumptions, such as an investor’s age and investment size.” The annuities included in this list are issued by companies with an A.M. Best Financial Strength Rating (FSR) of A- or above.1 Global Atlantic’s insurance companies hold an FSR of rating of A (Excellent – Third highest of 13) from A.M. Best.2
Each individual’s situation is unique to their goals and circumstances. Each purchaser’s best interests should be considered prior to the purchase of any annuity.
About Global Atlantic
Global Atlantic Financial Group is a leading insurance company meeting the retirement and life insurance needs of individuals and institutions. With a strong financial foundation and risk and investment management expertise, the company delivers tailored solutions to create more secure financial futures. The company's performance has been driven by its culture and core values focused on integrity, teamwork, and the importance of building long-term client relationships. Global Atlantic is a majority-owned subsidiary of KKR, a leading global investment firm. Through its relationship, the company leverages KKR's investment capabilities, scale and access to capital markets to enhance the value it offers clients. KKR's parent company is KKR & Co. Inc. (NYSE: KKR).
1 Methodology: To help frame the various annuity categories, how they work, and the best offers these days, Barron’s tapped Cannex, an independent research firm specializing in retirement products, as well as company data to compile a list of 100 competitive contracts based on common investor objectives and a set of assumptions, such as an investor’s age and investment size. Because many annuities are designed to last for the long term, only contracts from companies with an AM Best financial-strength rating of A- or above were considered.
2 The “Rating” is a financial strength rating from A.M. Best for the insurance company noted. The “Global Atlantic rating is for Accordia Life and Annuity Company, Commonwealth Annuity and Life Insurance Company, First Allmerica Financial Life Insurance Company, Forethought Life Insurance Company, Global Atlantic Assurance Limited and Global Atlantic Re Limited. AM Best (A: 3 out of 13), Fitch: (A: 6 out of 19), Standard & Poor’s: (A-: 7 out of 21), Moody’s (A2: 6 out of 21). Ratings apply to the issuing companies and do not apply to any specific product or underlying fund. Each individual insurer is solely responsible for the benefits and obligations of the products it issues. Ratings as of June 30, 2023.
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. This press release is not an offer to sell or solicitation of an offer to purchase securities.
This material is authorized for distribution only when accompanied or preceded by a prospectus and an applicable product brochure for the annuities being offered. The prospectus contains features, benefits, risks, fees, and other information regarding the registered index-linked annuity contract, which should be considered carefully before investing. You should read the prospectus carefully before investing money.
Registered Indexed-linked annuity products are complex insurance and investment vehicles. There is risk of loss of principal. Early withdrawals may be subject to withdrawal charges and a market value adjustment. Please refer to the prospectus for other important information including any risks about the product.
ForeStructured Growth registered index-linked annuity is issued by Forethought Life Insurance Company, 10 West Market Street, Suite 2300, Indianapolis, Indiana. FA1901SPDAX-01 and FA4131-01 and rider forms FA4132-01, FA4133-01, FA4134-01, ICC14-FL-FIATI, ICC14-FL-FIANC. ForeStructured Growth is underwritten and distributed by Global Atlantic Distributors, LLC.
ForeAccumulation II Advisory fixed index annuity is issued by Forethought Life Insurance Company, 10 West Market Street, Suite 2300, Indianapolis, Indiana. ForeAccumulation is available in most states with Contract ICC-FA1801SPDA-01 and FA1801SPDA-01.
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. Distributions received from a non-qualified contract before the Annuity Commencement Date are taxable to the extent of the income on the contract. 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 registered index-linked annuity through a tax-advantaged retirement plan such as an IRA, you will receive no additional tax advantage from a (RILA). Under these circumstances, you should only consider buying a (RILA) if it makes sense because of the annuity’s other features.
Guarantees are based on the claims-paying ability of Forethought Life Insurance Company and assume compliance with the product’s benefit rules, as applicable.
Products, features, and marketing materials are subject to state and firm availability and variations. Read the Contract for complete details.
Global Atlantic Financial Group (Global Atlantic) is the marketing name for The Global Atlantic Financial Group LLC and its subsidiaries, including Accordia Life and Annuity Company, Commonwealth Annuity and Life Insurance Company, Forethought Life Insurance Company and Global Atlantic Re Limited. Each subsidiary is responsible for its own financial and contractual obligations. These subsidiaries are not authorized to do business in New York.
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