Forethought Expands Product Offerings With New FIAs

Indianapolis, IN — Forethought Life Insurance Company (Forethought), a subsidiary of Global Atlantic Financial Group Limited, recently launched two new fixed index annuities exclusively designed for broker-dealer distribution. These annuities expand one of the most comprehensive annuity platforms in the industry, offering a range of options to help address the individual needs of retirees. With these products, Forethought’s growing annuity line now includes fixed index annuities, fixed annuities and a fixed annuity with long-term care benefits, all available through multiple distribution networks, as well as variable annuities sold exclusively through broker-dealers.

“The retirement population is growing rapidly and retirees face some very real financial challenges that we want to help them overcome,” said Rob Arena, President of Forethought’s annuity division. “This is not a one-product-fits-all market, and Forethought is well positioned to help people retire successfully with a broad range of annuities.”

Forethought has been in the fixed index annuity market since 2007. These additional products mark the company’s first index annuities designed exclusively to meet the unique needs of broker-dealers, helping their advisors serve clients in one of the fastest growing segments of the annuity market. According to LIMRA, index annuities account for 17 percent of annuity sales today.  

One of the new index annuity products, ForeAccumulation™, is designed for clients seeking savings potential and protection while the second, ForeIncome™, offers a guaranteed lifetime income stream for retirement.

“With these new offerings, we have combined our experience in the index annuity market with our strong partnerships with broker-dealers and their advisors,” said Paula Nelson, head of Forethought’s annuity distribution. “These products address specific retiree concerns while fitting the unique needs of our broker-dealer partners.”

Index annuities typically offer the opportunity to earn tax-deferred interest based in part on the positive movement of an equity index, with zero percent credited in negative years, eliminating the risk of market performance-based losses.

About Forethought Life Insurance Company
Forethought Life Insurance Company provides a full suite of annuities and a leading preneed life insurance platform to help solve the pre-retirement, retirement and end-of-life challenges facing Americans today. A targeted strategy delivers multifaceted product lines to customers through key distribution relationships across the country. Experienced leadership and financial discipline underlie strong growth and success in the marketplace.

Forethought is a subsidiary of Global Atlantic Financial Group Limited, a multi-line insurance and reinsurance company with over $30 billion in assets and 10 offices. Global Atlantic was founded at Goldman Sachs in 2004 and separated as an independent company in April of 2013.