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fixed annuities

Multi-Year Guarantee Annuity Details

Product Name

SecureFore 3

Annuity Type

Multi-Year Guarantee Annuity

Issuing Insurance Company and Ratings

A
(3rd of 15 ratings)
A-
(7th of 20 ratings)
A3
(7th of 21 ratings)
A
(6th of 21 ratings)
75
(percentile of rated companies)

Product Information

The SecureFore 3 is a deferred multi-year guarantee annuity issued by Global Atlantic – Forethought Life Ins.

This annuity is a premium banded product. The interest rate you earn will vary depending on the amount of premium you deposit (see Rate Details below). Currently, the highest 3 year guarantee period annual yield is 2.90% on premium amounts of $100,000 - $1,000,000.  This is the guaranteed annual yield, including bonuses if applicable, for the initial guarantee period term, up to the first penalty free full withdrawal window. The SecureFore 3 has a full penalty free withdrawal window after 3 years.

During the time in which the annuity is subject to surrender penalties, there are policy provisions that allow partial access on a penalty free basis. Beginning with the first contract year, and each year thereafter, this annuity provides up to 10% (noncumulative) of the contract value may be withdrawn from the annuity each contract year without penalty.

This annuity also waives withdrawal penalties upon death. Your named beneficiary(ies) will receive a death benefit equal to the full accumulation value. A beneficiary may choose to receive their death benefit in either a lump sum or select an available annuitization option.

Details on additional penalty waivers can be found in the Penalty Free Withdrawal Provisions section below.

Global Atlantic – Forethought Life Ins is rated “A” by A.M. Best, was founded in 1980, and has over $36.4 billion in total assets.

Rate Details

Apr 25th, 2022
May 23rd, 2022
3 years

Premium Amount: $100,000 - $1,000,000 High-Band

Current Upcoming
3 Year Guarantee Period Annual Yield: 2.90% 3.30%
Interest rate start of year 1 through end of year 3: 2.90% 3.30%

Premium Amount: $10,000 - $99,999 Low-Band

Current Upcoming
3 Year Guarantee Period Annual Yield: 2.55% 3.15%
Interest rate start of year 1 through end of year 3: 2.55% 3.15%

Initial Surrender Charge and MVA Periods

3 years

N/A

3 years

State variations may exist, refer to product disclosure for details.

Other Guarantee Periods Available

Policy Details

$10,000
$10,000
$1,000,000
$1,000,000
85
85
60 days
No
Accumulation Value
No

Penalty Free Withdrawal Provisions

10%
10%
No
Yes
Death, Nursing Home and Terminal Illness

See product brochure, disclosure and riders for additional details, limitations and availability. State variations, age restrictions and holding periods may apply.

State Variations

Not available in:  NY (as of 04/18/2022)

Notes

Max Premium is $500,000 for issue ages 81-85.