Product Details
Product Name
ForeIncome II 7 With Guaranteed Income Builder
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 ForeIncome II 7 With Guaranteed Income Builder is a Single Premium Deferred Fixed Index Annuity with a 7 year surrender charge period, featuring: • An MVA provision. • A Guaranteed Lifetime Withdrawal Benefit (included at issue, with charge). • A Bailout provision. The GLWB includes a Guaranteed Income Builder Benefit. The Withdrawal Base can grow by the Deferral Bonus on each Contract Anniversary prior to the Activation Date. There is no bonus in the Contract Year that includes any withdrawal, and there is no bonus after the Activation Date. The LAP does not change after the Activation Date other than as a result of the Step-Up and Excess Withdrawal provisions. The Deferral Bonus each year is a percentage multiplied by the Deferral Bonus Base. The Deferral Bonus Base equals the Contract Value on the WB Start Date, and it reduces proportionally to the reduction in Contract Value for any withdrawal. The annual rider charge for this benefit is a percentage of the Withdrawal Base.
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, SEP IRA, IRA-Roth
Rates
Effective Date: 28/07/2025
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: 28/07/2025
Next Change: N/A
Initial Guarantee Period: N/A
Premium Amount: 25,000 - 1,000,000
Current
0 Year Guarantee Period Annual Yield:
2.9%
Interest rate start of year 1 through end of year 0:
2.9%
Accumulation Value (assuming no withdrawals)
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
N/A
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): 85
Premium Limits: Flexible Premiums Not Accepted
State Restrictions: Not available in GU NY PR VI