SecureFore Annuity Enhancements You Won’t Want to Miss!

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.

Click to view Global Atlantic’s 4 week Transition Rules

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