Forethought Life Broadens Platform, Launches First SPIA

January 11, 2017 by Cyril Tuohy

Forethought Life Insurance launched the company’s first single premium immediate annuity (SPIA), the “missing piece” to the company’s annuity platform of fixed, fixed index and variable annuities, the company said.

The SPIA, marketed under the brand ForeCertain, is available in 49 states and the District of Columbia, said Global Atlantic Financial Group, Forethought’s parent, in a news release. The product is not available in New York due to regulatory hurdles.

ForeCertain will be distributed primarily through banks, independent, regional and national broker-dealers as well as independent marketing organizations, the company said.

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Originally Posted at InsuranceNewsNet on January 10, 2017 by Cyril Tuohy.