Global Atlantic ForeInvestors Choice is a variable annuity product tailored for investors who are looking for growth-investment with tax deferral in mind. Investors can customize their investment based on their risk-tolerance, and financial objectives. The contract provides diverse investment options, and an opportunity to diversify with reputable money managers. This variable annuity has an optional Earnings Protection Benefit rider (available at extra cost) that increases contract value that’s payable as a death benefit by 35 percent of contract growth. This helps offset the tax liability that beneficiaries face. For investors who’re looking to take income from nonguaranteed sources, the ForeInvestors Choice annuity has an optional Lifetime Spending Account benefit for variable withdrawals.
ForeInvestors Choice Forethought Annuity
- The ForeInvestors Choice annuity is available in 2 share classes (B and C). These classes differ by fee, surrender charge duration, and sales charge structuring.
- The minimum initial premium payment is $25,000.
- The maximum total separate account yearly expense is 1% for the B Share, and 1.65% for the C Share.
- The annuity issue ages are: not younger than the minimum legal age in your state, and not older than 85 years.
- The annual fund operating expense ranges between 0.24% and 3.55%.
- The Lifetime Spending Account rider cost is 1.00%.
- The Earnings Protection Death Benefit cost is 0.50%.
Looking for more information or considering buying the Global Atlantic ForeInvestors Choice Annuity? Talk to a skilled annuity product specialist from AnnuityBroker who can help you make the right decision.