New Rates and Income 150+ Updates

 

Weekly Newsletter from Forethought

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Rate Updates Effective 10/27/14 the rates on all of our fixed and fixed index products will change. Please refer to the the new rate sheet below to get the most current rates. Click here to view our rate lock procedures. Income 150+ News! Forethought is proud to present to you our new Income 150+TM fixed index annuity. Recent updates help to catapult Income 150+ to a new level for you and your clients! While still offering the great income boosts at issue and start of years 3, 5 and 10, we have removed the 250% cap as well as the age restriction cap on the final year 10 income boost. What does this mean? This means that the income base on Income 150+ is now uncapped, offering unlimited income potential for your clients. What's even better about this? We're making these changes retroactive for ALL Income 150+ policies. To recap what the income boosts are: ·  Income Boost #1 = 20% of premium1,2 ·  Income Boost #2 = 15% of premium at start of year 31,2 ·  Income Boost #3 = 15% of premium at start of year 51,2 ·  150% total interest credits boost at start of year 10 Current State availability can be found here. Compensation Update! All compensation is now levelized, there is no longer any decreased commission rates for any states on Income 150+! We've also updated the bonus commission program as well. The new program is extraordinary, attainable, and fair for all agents.    - Extraordrinary - Up to 2% more commissions    - Attainable - Bonus commissions start at just $750,000 of production    - Fair - Rolling 4 quarter assessment The rolling 4 quarter assessment gives you the best chance for qualifying all of your production because it's never interrupted by year-end. Your qualification can now be maintained throughout the year and not limited to a calendar year. Updated Commission Flyer New Annuity Toolkit Updated Rate Sheet      Florida Annuity Suitability Questionnaire      Florida Disclosure Document Forethought Agents should now go to RegEd for product specific training. Please note that if you do not already have one, you will need to create a username and password with RegEd. You can register with RegEd by following the attached link: https://secure.reged.com/TrainingPlatform/ © 2014 Forethought Guarantees are backed by the financial strength and claims-paying ability of Forethought Life Insurance Company and subject to compliance with benefit rules. 1Boosts are based on the premium amount and applied to the Income Base. Boosts are only credited if income has not yet begun.  The income base and income boosts are not available on cash surrenders or as death benefits. 2Withdrawals taken prior to income activation reduce the Income Base and the premium base proportionately to the resulting decrease in contract value. Any further boosts will be based on the new premium base.   Forethought is Forethought Life Insurance Company and affiliates, subsidiaries of Global Atlantic Financial Group Limited. Income 150+TM fixed index annuity, issued by Forethought Life Insurance Company is available in most states with Contract FA1201SPDAX-02, FA1201SPDAX-01, ICC11-FA1201SPDAX-01 and FA1201SPDAXL-02 (certificate series GA1201SPDAX-02, as applicable). A fixed index annuity is intended for retirement or other long-term needs. It is intended for a person who has sufficient cash or other liquid assets for living expenses and other unexpected emergencies, such as medical expenses. A fixed index annuity is not a registered security or stock market investment and does not directly participate in any stock or equity investments or index. Products and features are subject to state availability and variations. Read the contract for complete details. 100981-3 www.forethought.com NOT FOR USE WITH THE PUBLIC. FOR AGENT USE ONLY

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