Barron’s Names Global Atlantic Annuities Among 100 Best Annuities
July 22, 2020 by Global Atlantic Financial Group
NEW YORK–(BUSINESS WIRE)–Global Atlantic Financial Group, a leading U.S.-focused retirement, life insurance and reinsurance company, today announced its inclusion in the annual Barron’s list of the Best Annuities. Our fixed and fixed index annuities, issued by Forethought Life Insurance Company, were recognized by Barron’s in multiple categories, highlighting our Immediate and Deferred Income Annuities, Fixed Annuities and Fixed-Indexed Annuities.
The Barron’s article notes: “Like any insurance product, when risks flare up, annuities shine for those who have them. The stock market downdraft and subsequent volatility this year have been the nightmare scenario that many retirees hope to avoid…”
The list is a compilation of “100 competitive annuities based on assumptions such as age, gender, size of investment, and time horizon.” The annuities are issued by companies with an A.M. Best Financial Strength Rating (FSR) of A- or above. In July, A.M. Best reaffirmed an FSR of A (Excellent – Third highest of 13) for Global Atlantic’s insurance companies.*
“We strive to provide a variety of annuities that Americans can incorporate into their retirement plans in order to help secure a protected income that they can’t outlive,” said Paula Nelson, President of Global Atlantic’s retirement business. “We are proud that Barron’s has recognized several of our annuities as some of the best.”
Individuals can visit GetIncomeReady.com to learn how annuities can fit into their retirement income planning. Financial advisors can visit IncomeReady.com to learn about how to engage clients in income planning discussions.
About Global Atlantic
Global Atlantic Financial Group, through its subsidiaries, offers a broad range of retirement, life and reinsurance products designed to help our customers address financial challenges with confidence. A variety of options help Americans customize a strategy to fulfill their protection, accumulation, income, wealth transfer and end-of-life needs.
Global Atlantic was founded at Goldman Sachs in 2004 and separated as an independent company in 2013. Its success is driven by a unique heritage that combines deep product and distribution knowledge with leading investment and risk management, alongside a strong financial foundation of nearly $90 billion in assets, as of March 31, 2020.
This material is intended to provide educational information regarding the features and mechanics of the product and is intended for use with the general public. It should not be considered, and does not constitute, personalized investment advice. The issuing insurance company is not an investment adviser nor registered as such with the SEC or any state securities regulatory authority. It’s not acting in any fiduciary capacity with respect to any contract and/or investment.
Guarantees are based on the claims-paying ability of Forethought Life Insurance Company and assume compliance with the product’s benefit rules, as applicable.
*Ratings apply to the individual financial strength of Accordia Life and Annuity Company, Commonwealth Annuity and Life Insurance Company, First Allmerica Financial Life Insurance Company and Forethought Life Insurance Company. Ratings do not apply to any specific product or underlying fund. Each individual insurer is solely responsible for the benefits and obligations of the products it issues. The entities are also rated A (sixth of 19) by Fitch, A- (seventh of 21) by Standard & Poor’s, and A3 (seventh of 21) by Moody’s. All ratings are as of 6/30/2020.
Annuities are issued by Forethought Life Insurance Company, 10 West Market Street, Suite 2300, Indianapolis, Indiana; or Commonwealth Annuity and Life Insurance Company, 20 Guest Street, Brighton, Massachusetts.
Global Atlantic Financial Group (Global Atlantic) is the marketing name for Global Atlantic Financial Group Limited and its subsidiaries, including Accordia Life and Annuity Company, Commonwealth Annuity and Life Insurance Company, Forethought Life Insurance Company and Global Atlantic Re Limited. Each subsidiary is responsible for its own financial and contractual obligations.