Product Details
Product Name
ForeAccumulation II 10 With Premium Enhancement Rider
Annuity Type
FIA
Issuing Insurance Company and Ratings
Global Atlantic Financial Group
Ratings
A.M. Best
A
3rd of 15
Standard & Poor's
A-
7th of 22
Fitch
A
6th of 19
Product Information
The ForeAccumulation II 10 With Premium Enhancement Rider is a Single Premium Deferred Fixed Index Annuity with a 10 year surrender charge period and a Market Value Adjustment provision. Additional feature include a Bailout Provision. An Premium Enhancement Rider will be available on the 10 year Withdrawal Charge Period. The Premium Enhancement will increase the contract value at the time of issue by one plus the Premium Enhancement Percentage. The Premium Enhancement Rider may not be elected in conjunction with the Enhanced Death Benefit Rider.
Key Features
Premium Types: Single
Minimum Premium: 25,000
Maximum Premium: 1,000,000
Free Look Period: 20 Days
Rate Lock Period: 14 Days
Tax-Qualified: IRA, NonQual, IRA-Roth, IRA Rollover, Inherited IRA
Rates
Effective Date: 03/11/2025
Initial Guarantee Period: N/A
Next Change: N/A
Premium Amount: $100,000 - See Notes (High-Band)
3 Year Guarantee Period Annual Yield:
Interest rate start of year 1 through end of year 3:
Current
4.05%
4.05%
Effective Date: 03/11/2025
Next Change: N/A
Initial Guarantee Period: N/A
Accumulation Value (assuming no withdrawals)
Deposit Amount: $
Premium Amount: $100,000 - See Notes (Low-Band)
Flexible Premiums Not Accepted
Interest rate start of year 1 through end of year 3:
Current
4.05%
4.05%
Accumulation Value (assuming no withdrawals)
Deposit Amount: $
State Approvals
Not available in GU NY PR VI
Withdrawal Provisions
First Year Withdrawals: 10%
Withdrawal Years 2+: 10%
Wait Period Interest Only : 30 Days
Withdraw from the accumulation Value After : Immediately
Minimum Policy Value : $2,500
Withdrawl Calculated On: Accumulation
Date For Calculation: Issue
Systematic Withdrawl: Yes
Min Withdrawl Amount: $1,000
Cumulative Free Withdrawl: No
Eligibility & Restrictions
Age Limits(Owner and Annuitant): 80
Premium Limits: Flexible Premiums Not Accepted
State Restrictions: Not available in GU NY PR VI