Product | Optional GLWB Rider update* | Income enhancement benefit** | New participation rate crediting strategies |
---|---|---|---|
ForeIncome II | • | • | • |
Income 150+ SE | • | ||
ForeAccumulation II | • |
Full product enhancement details
Effective May 20, 2024, these new product features are designed to deliver exceptional value to your clients. See the full list.
![ForeAccumulation II fixed index annuity](https://www.globalatlantic.com/professionals/sites/fp/files/2024-01/ForeAccumulation_105x105.jpg)
ForeAccumulation II fixed index annuity
View all the enhancements we’ve made to ForeAccumulation II
New for 2024
New S&P 500 Point-to-Point Locked1
- Cap Strategy available on the 5, 7 and 10 withdrawal periods.
Increase max issue age2,3
- From 75 to 80 of Optional Enhanced Death Benefit Rider.
- The fee will remain at 0.50% for issuing ages 0-70
*There will be an increased fee of 0.95% for issuing ages 71-80
- 12% increase to Contract Value on day 1
- Available for 10-year Withdrawal Charge Annuities
Optional Growth Accelerator Rider6
- Designed to provide increased growth potential7
- Available on select crediting strategies
7 additional Par Rate Crediting Strategies
Unchanged feature
100% Rate Renewal History during the annuity’s Withdrawal Charge period5
![ForeIncome II fixed index annuity](https://www.globalatlantic.com/professionals/sites/fp/files/2024-01/ForeIncome_105x105.jpg)
ForeIncome II fixed index annuity
View all the enhancements we’ve made to ForeIncome II
New for 2024
Revamped optional Guaranteed Income Builder rider
- Change from 8% to 12% roll up rate up to 10 years to the Withdrawal Base
- Updated lifetime withdrawal rates
Updates to the Income Multiplier Benefit Guaranteed Lifetime Withdrawal Benefit.9,10
- Lifetime Annual Payment factors increasing.
- Reduction in pre-income activation income multiplier from 2X interest credit to 1.25X interest credits annually.
- Increase in post-income activation income multiplier from 1X interest credits to 1.25X interest credits annually
Updates to the Guaranteed Income Builder Lifetime Withdrawal Benefit.9,10
- Lifetime Annual Payment factors increasing for most ages.
![Income 150+ SE fixed index annuity](https://www.globalatlantic.com/professionals/sites/fp/files/2024-01/Income%20150_105x105.jpg)
Income 150+ SE fixed index annuity
View all the enhancements we’ve made to Income 150+ SE
New for 2024
Updates to the Guaranteed Lifetime Withdrawal Benefit.2,3
- Lifetime Annual Payment factors increasing for various ages.
- Increase to the Guaranteed Lifetime Withdrawal Benefit annual fee from 1.05% to 1.20% of the withdrawal base
7 additional Par Rate Crediting Strategies
Unchanged features
- 20% boost to Withdrawal Base on day 1
- 7.5% boost to Withdrawal Base from years 2 through 5
- Income Enhancement Benefit6
- 2x income if client is unable to perform 2+ Activities of Daily Living
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