DO I HAVE TO
WAIT TO TOUCH MY FIA UNTIL RETIREMENT?

YES and NO. FIAs should be considered long-term insurance products. But...

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FIAs often offer flexibility to withdraw some money free of charge during the withdrawal charge period — usually up to 10% annually after the first year. This is known as a free withdrawal.

Many FIAs also provide full, free-of-charge access to your contract value if the contract owner becomes terminally ill or requires nursing home care.

RISKS OF ACCESSING YOUR MONEY
1

If you withdraw more than your contract allows during the withdrawal charge period, you'll have to pay a withdrawal charge.

2

Any withdrawals may be subject to ordinary income tax; if taken prior to age 59 ½, are subject to a 10% federal income tax penalty.

3

If you withdraw more than your annual free withdrawal amount, you may risk falling short of your retirement savings goals.

What are my withdrawal options?

FIND OUT

What's the difference between FIAs and equity investing?

FIND OUT

 
 
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 Forethought Life Insurance Company and assume compliance with the product’s benefit rules, as applicable.

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 your tax or legal counsel for advice.

The issuing insurance company is not an investment advisor nor registered as such with the SEC or any state securities regulatory authority. It is not acting in any fiduciary capacity with respect to your investment. This information does not constitute personalized investment advice or financial planning advice.

Taxable distributions (and certain deemed distributions) are subject to ordinary income taxes, and if made prior to 59½, may also be subject to a 10% federal income tax penalty. Early withdrawal charges and market value adjustments may also apply.

Fixed index annuities are issued by Forethought Life Insurance Company, 10 West Market Street, Suite 2300, Indianapolis, Indiana.

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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