Global Atlantic ForeRetirement IV is a variable annuity product that offers a variety of standard payout options, tax-deferral, and professional funds management. With optional riders (available at an additional fee), this annuity allows investors to guarantee positive performance for income, customize their retirement strategy, and exercise flexibility over their investment.
ForeRetirement IV Annuity Facts
ForeRetirement IV annuity is available in 3 share clases (B, C, and I). These classes differ by fees, surrender charge period, and sales charges structuring.
With the ForeRetirement IV variable annuity, there are 2 daily withdrawal benefit options:
- Daily 7 – this guarantees a 7% minimum growth of the investor’s withdrawal base for up to 15 years or up to the investor’s first withdrawal.
- Daily +5 – guarantees a 5% minimum growth, in addition to market step-ups, for a period of at up to 15 years or till the investor’s first withdrawal.
Both these 2 benefit options require 80% of your portfolio allocated to a managed-risk investment option, and 20% allocated to a fixed account.
The issue ages are as follows:-
- Daily+5 – minimum age is 50 and maximum age is 80
- Daily 7 – minimum age is 60 and maximum age is 80
Deferral bonuses are applicable till the 15th contract anniversary, or the first withdrawal. The contract’s step-up potential continues till the investor reaches the age of 95.
The ForeRetirement IV variable annuity from Global Atlantic has a Maximum Daily Value III (MDV III) death benefit that provides a payment to the investor’s appointed beneficiaries. Other death benefit options are available at an additional cost.
Potential Pros
- Control your investment allocations to match your custom retirement needs
- Create positive performance for your income
- Create a custom strategy that’s in line with your financial objectives
- Live – with guaranteed lifetime income
- Give – with a death benefit that includes your investment gains
- Live & Give – with the ability to make withdrawals and still preserve a death benefit for your beneficiaries.
Looking for more information or considering buying the Global Atlantic ForeRetirement IV Variable Annuity. Talk to a skilled annuity product specialist from AnnuityBroker who can help you make the right decision.
