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| | State Availability
Click here for current state approval matrix. Rates
Rate changes for Income 125
Click here to view current rates.
New Commission Schedule
Click here to view the new commission schedule effective 6.8.10.
4th of July Observance
Forethought offices will be closed on Monday, July 5th, in observance of Independence Day. We will resume normal business hours on Tuesday, July, 6, 2010. Annuity contracts will be issued on Thursday, July 8, 2010. In good order applications must be received by Tuesday, July 6, 2010 in order to be issued on Thursday. There will be no change to the commission cycle.
New Secure Bonus 115+
Marketing Materials
(Click below to view) | | |
| | Enhanced "INCOME ESTIMATOR"
Now Available on Forethought.com The improved Income Estimator tool for Index Bonus 115 and Secure Bonus 115 is now available on our website, www.forethought.com, under Quick Links. The Income Estimator can be used to see the impact of systematic withdrawals on the death benefit value and demonstrate how the optional Increased Death Benefit Guarantee rider operates on these products. Four important points this enhanced tool demonstrates: - It answers the question, "what happens if my client dies before they can start income?" The estimator shows the increasing value of the death benefit prior to withdrawals.
- It shows the reduction in the death benefit as the result of withdrawals, imparting the concept that it is not dollar-for-dollar, meaning withdrawals actually have a greater impact on death benefit than dollars withdrawn, and
- If you look at the total withdrawn from the contract, in concert with the death benefit still available, the sum exceeds the value initially placed in the contract. Even if it is reducing in size, the death benefit continues to add value for beneficiaries until an amount equal to contributed premium has been withdrawn from the policy. Also, the death benefit charge is a function of death benefit value, therefore, as the death benefit declines, charges for it also decline.
- Assuming growth in the account value does not exceed the lifetime income account value (premium + bonus growing at 6%), the addition of the death benefit feature will have no impact on the lifetime income value. As always, once income has started, assuming no other withdrawals, nothing detracts from the lifetime income amount.
Click here to access the Index Bonus 115 and Secure Bonus 115 Income Estimator.
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Forethought is pleased to announce the expansion of our Forethought Future Income Solutions product series with a new fixed annuity design - Secure Bonus 115 PlusSM. This product offers all of the features found on the Secure Bonus 115 product, including the 15% income bonus, with the addition of a 3% interest rate bonus in the first contract year designed to boost the contract value early. The initial launch will include a limited number of states. PRODUCT FEATURES: - 3% first-year-only annual interest rate bonus earned on the Contract Value
- 2% interest rate for fixed account on all bands
- GA (street level) commissions 7.0% ages 0-75; 4.5% ages 76-85
IMPORTANT DATES: - First issue Wednesday June 23, 2010 for the following states: AZ, FL, GA, NC, SC, TN, TX and VA.
- Marketing materials and forms available on our web site and orderable online.
REMINDER - JUNE PRODUCT CHANGES CHANGES EFFECTIVE FOR ALL APPLICATIONS RECEIVED 6.8.10 & LATER Index Bonus 115: - Monthly Point-to-Point with Cap increasing to 2.60% (ultra band); 2.35% (high band); 2.10% (low band)
- Annual Point-to-Point with Cap interest crediting strategy available with caps at 6.25% (ultra band); 6.00% (high band); 5.50% (low band)
- GA (street level) commissions 7.5% ages 0-75; 5.0% ages 76-85
Secure Bonus 115: - Fixed account rates increasing to 2.50% for all bands
- GA (street level) commissions 7.0% ages 0-75; 4.5% ages 76-85
CHANGES EFFECTIVE FOR ALL APPLICATIONS RECEIVED 6.22.10 & LATER Income 125: - Monthly Point-to-Point with Cap increasing to 2.60% (ultra band); 2.35% (high band); 2.10% (low band)
- GA (street level) commissions 7.0% ages 0-75; 5.0% ages 76-85
- Product availability will continue with no future plans to eliminate offering
Secure Income 125: - GA (street level) commissions 7.0% ages 0-75; 5.0% ages 76-85
- Product availability with continue with no future plans to eliminate offering
COMMISSION REMINDER: The Index Bonus 115 and Secure Bonus 115 rates effective on 6.8.10 and the Income 125 and Secure Income 125 rates effective on 6.22.10 supersede all previously communicated commission rates and bonuses. | | | | | | | | | | | |
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