SecureFore Annuity Enhancements You Won’t Want to Miss!
- December 11, 2020
- Announcement, Annuity, Carrier News, Product Announcement
Effective on or about December 21, 2020, Global Atlantic will be launching enhancements to the SecureFore product suite. Here are some of the key highlights:
Product Updates
- 10% (of premium) as a free withdrawal amount in contract year 1
- No changes to free withdrawals starting in year 2
- Premium Banding
- Crediting rates may vary based on premium level:
- Under $100,000
- $100,000 and above
- New Plan Type: Non-Qualified Stretch
- Maximum issue age of 75
- Systematic withdrawal program (life expectancy option) required
- New CUSIP
- There will be one new CUSIP for the SecureFore product which will apply to the 3 & 5 year withdrawal charge periods. This CUSIP will apply to new business only and does not impact any in-force contracts.
- NAIC Product Specific Training
- A revised version of NAIC training will be available on December 21, 2020; financial professionals who have previously completed NAIC training for SecureFore will not be required to retake the training. The NAIC code will remain the same.
- Updated Marketing Materials
- Available on December 21, 2020.
- Crediting rates may vary based on premium level:
Click to view Global Atlantic’s 4 week Transition Rules
To get help with new illustrations or for more information, call 800-568-2626 or email us at [email protected]
- December 11, 2020
- Brad Neves
- Announcement, Annuity, Carrier News, Product Announcement
Looking for Something?
NFG Brokerage
We are a National Brokerage General Agency helping our Distribution Partners  achieve great results.
Request a free quote
Our Team is ready to help. Â Click the button below and be sure to include the details of your quote...we will be back with you As Soon As Possible.
More from our blog
See all posts
Illustration requirement for New York applications Effective Aug. 15, 2024, New York…
Protective is offering a new rider for Classic Choice Term 10-40 that…
Clients can complete their application at a time and place that’s convenient…
To keep in line with this future focus, North American will be…
New business interest rates for some OneAmerica Care Solutions products are changing…
At Symetra, would like to be part of a bigger solution—one that…
In accordance with illustration regulations, each year at this time, indexed universal…
Effective March 11, 2024, QoL Flex Term is repriced in all states…