Forethought Names National Sales Manager For Fixed Annuities
April 2, 2015 by N/A
Indianapolis, IN, March 31, 2015 —Forethought Life Insurance Company (Forethought), a subsidiary of Global Atlantic Financial Group Limited, has bolstered its sales leadership team by naming Pete Seroka as National Sales Manager for fixed annuity distribution. Seroka will have responsibility for distribution of the fixed-rate annuity product line, which finished 2014 with over $3 billion in sales, the third best record in the industry, according to the recently released LIMRA Secure Retirement Institute Year-End U.S. Individual Annuity Sales Survey.
“Pete’s leadership helped us grow our fixed annuity sales significantly from 2013 to 2014,” said Paula Nelson, Head of Distribution for Forethought annuities. “In 2015, we’ll continue to invest in our growing distribution organization as Pete builds out his team, thus ensuring we have the necessary resources in place to capitalize on our sales momentum and forge deeper relationships with our distribution partners.”
Seroka joined Forethought in December 2013 from Commonwealth Annuity as part of the integration of the companies under Global Atlantic. He has over 25 years of industry experience selling fixed annuity products.
“We are well positioned with a compelling product line, leading investment and risk management capabilities and meaningful distribution relationships to capitalize on the growing need for annuity offerings,” said Robert Arena, President of Forethought Annuity. “We will continue to focus on delivering a broad range of innovative annuity products that address the needs of American retirees.”
About Forethought
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 financial services company focused on the annuity, life insurance and reinsurance markets with $40 billion in assets and nine offices.
