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.

Guarantees are based on claims-paying ability of Forethought Life Insurance Company and subject to compliance with benefit rules.

Products and features are subject to state availability and variations. Read the Contract for complete details.

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.

If you are investing in a fixed index annuity through a tax-advantaged retirement plan such as an IRA, you will receive no additional tax advantage from a variable annuity. Under these circumstances, you should only consider buying a variable annuity if it makes sense because of the annuity’s other features, such as lifetime income payments and death benefit protection.

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. 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 may reduce any optional guaranteed amounts in an amount more than the actual withdrawal.

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.

ForeAccumulation™ and ForeIncome™ fixed index annuities are issued by Forethought Life Insurance Company and available in most states with contract FL-FIA-13 and ICC14-FL-FIA.

Not a bank deposit. Not FDIC/NCUA insured. Not insured by any federal government agency. No bank guarantee. May lose value. Not a condition of any banking activity.

Variable annuities are issued by Forethought Life Insurance Company and underwritten and distributed by Forethought Distributors, LLC.

Forethought is Forethought Life Insurance Company and affiliates, subsidiaries of Global Atlantic Financial Group Limited.

Variable annuities are sold by prospectus. The prospectus contains investment objectives, risks, fees, charges, expenses, and other information regarding the variable annuity contract and the underlying investments,which should be considered carefully before investing money. You can obtain a prospectus from your financial advisor or by visiting www.forethought.com.

SOURCE: Forethought Life Insurance Company

For Forethought Life Insurance Company
Kathleen Redgate, 212-389-2200
Chief Operating Officer, Global Atlantic
Kathleen.Redgate@gafg.com

Copyright Business Wire 2014