ForeRetirement™ III Variable Annuity


Need to Know

Who: Clients age 0-80 nearing or in retirement looking to invest for income certainty or a financial legacy.

Benefit: Range of tax-deferred investment options and optional benefits to customize a strategy that dovetails with objectives.

Min. issue: $10,000
non-qualified; $5,000 IRA

Share classes: B, C, L


Make each day count

ForeRetirement offers optional withdrawal and death benefit protection options with daily growth potential to help you implement a strategy for your clients’ personal needs and objectives.

Without an employment income to rely on to help them wait out market cycles, people are seeking to protect themselves with a guaranteed lifetime income stream, protect their legacy from losses, or oftentimes both. Additional charges apply for optional benefits.


Selling Features

  • Long-term retirement investment
  • Tax-deferred growth potential through a variety of investment options and well-known money managers
  • Payout certainty

Four withdrawal benefit options available:

  • Daily +4 — receive a 4% Deferral Bonus annually, plus daily step-ups
  • Daily +5 — receive a 5% Deferral Bonus annually, plus daily step-ups
  • Daily 6 — a 6% annual Deferral Bonus prevails over step-ups, if greater
  • Daily 7 — a 7% annual Deferral Bonus prevails over step-ups, if greater

Three standalone death benefits available:

  • Legacy Lock III stand-alone gives your clients the ability to preserve a legacy not reduced by withdrawal amounts or RMDs, subject to benefit guidelines
  • Maximum Daily Value II (MDV II) provides a death benefit equal to the greater of the contract value or the highest attained Contract Value on any day prior to the eighty-first birthday of the oldest owner (adjusted for premium payments and proportionately for withdrawals)
  • Return of Premium II (ROP II) guarantees beneficiaries will receive the greater of the contract value or premium payments, adjusted proportionately for withdrawals

Additional charges apply for optional benefits. Investment requirements apply.

Deferral Bonuses are available until the earlier of the fifteenth contract anniversary or the first withdrawal. Daily step-ups are available unitl age 95.

* Minimum issue age varies by optional benefit.

Legacy Lock III Important Note: A variety of factors — including withdrawals, underperformance and fees — can reduce the contract value. When purchased alongside an optional withdrawal benefit (also referred to as “optional living benefit”), should the contract value be less than the greater of either one Lifetime Annual Payment or the minimum contract value, the death benefit reverts to traditional return of premium, and is reduced proportionately by all past and future withdrawals. The Legacy Lock III step-up would also no longer apply. The contract owner may need to choose between an unreduced death benefit and continued withdrawals should the contract value approach the required minimum. When not paired with an optional withdrawal benefit, the contract owner may need to discontinue withdrawals in order to maintain an unreduced benefit as any withdrawal that reduces the contract value below the minimum contract value will terminate the contract and death benefit. The death benefit terminates upon annuitization. Contracts must be annuitized by age 95. In addition, the Enhanced Return of Premium portion of death benefit terminates at age 90. The benefit provides a traditional Return of Premium benefit to age 95, reduced proportionately for all withdrawals, including Lifetime Annual Payments and Allowable Withdrawals. Please see the prospectus for details.

MDV II is subject to a maximum payout at death equal to $1 million, plus the contract value upon receipt of proof of death. ROP II is not subject to this maximum payout.

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All guarantees are based on the claims-paying ability of Forethought Life Insurance Company and assume compliance with the benefit rules.

All products and optional benefits are subject to state and firm approval and variations.

Variable annuities offer tax-deferral, professionally managed investment options and flexible payouts. Values will fluctuate with investment performance, and the annuity may gain or lose value. Charges and fees will also reduce its value. A standard death benefit is included in the base product. Optional benefits are not available for purchase outside of a variable annuity and may be elected at an additional cost. Suitability and willingness to purchase the variable annuity must be considered prior to the potential benefits of any optional features.

All death benefits terminate upon age 95 and will expire sooner if you initiate an annuity payout option (annuitize). With Legacy Lock III, the death benefit value protected from withdrawals (Enhanced Return of Premium portion) terminates at age 90, and a traditional Return of Premium benefit is provided to age 95, reduced proportionately for all withdrawals. Please see the prospectus for details.

The ForeRetirement Variable Annuity is available in multiple share classes, which each have different fees and charges as described in the prospectus. Financial professionals’ commissions may also differ depending upon the share class selected. You should discuss which share class is right for your clients based on the available options. Important share class considerations include, but are not limited to, investment holding period and investment flexibility.

Daily +4/Daily 6 cost 1.25% annually. Daily +5/Daily 7 costs 1.10%. The charges cannot exceed 2.50%. These optional benefit charges may increase upon any contract anniversary. If an increase is declined, the withdrawal percentage will be decreased by 1% (ex.: 5% to 4%); however, market-based step-ups and Deferral Bonuses, if applicable will continue to be credited.

Legacy Lock III costs 0.85% when paired with Daily +5 or Daily 7. The charge cannot exceed 1.50%. Withdrawals in excess of the LAP amount reduce both the Legacy Lock III benefit and future LAPs on a proportionate basis. The Enhanced Return of Premium component of the Legacy Lock III benefit will no longer apply if the contract value is less than the greater of one LAP under Daily +5/Daily 7 or the minimum contract value.

Legacy Lock III when elected as a stand-alone benefit costs 1.15% (ages 0-60) and 1.25% ages (61-65), not to exceed 1.50%.

MDV II death benefit costs 0.45%. The charge cannot exceed 1.50%.

ROP II death benefit costs 0.15%. The charge cannot exceed 0.75%.

Taxable distributions (including certain deemed distributions) are subject to ordinary income taxes, and if made prior to age 59½, may also be subject to a 10% federal income tax penalty. Distributions received from a non-qualified contract before the Annuity Commencement Date are taxable to the extent of the income on the contract. Payments from IRAs are taxable in accordance with the normal rules surrounding taxation of payments from an IRA. Early surrender charges may also apply. Withdrawals will reduce the death benefit and any optional guaranteed amounts in an amount more than the actual withdrawal.

Investment requirements apply. Investment options are designed to reduce investment volatility within the portfolios. As a result, clients should anticipate that their contract value normally may not decline in value as much as the overall market in downturns. However, they should also anticipate that their contract value will not normally increase in value to the same extent as the equity or bond markets during market upswings, simultaneously mitigating insurance company risk under the guarantee. If clients are uncomfortable with the inclusion of these fund options in their investment, the optional benefits within ForeRetirement may not be suitable.

Withdrawals will reduce the death benefit and any optional guaranteed amounts in an amount more than the actual withdrawal.

This information is written in connection with the promotion or marketing of the matter(s) addressed in this material. The information cannot be used or relied upon for the purpose of avoiding IRS penalties. These materials are not intended to provide tax, accounting or legal advice. As with all matters of a tax or legal nature, your clients should consult their tax or legal counsel for advice.

Marketing materials may not be available for use in all states, including but not limited to, Georgia, and Mississippi. Not construed as an offer for solicitation until your state has approved the product and the referenced marketing materials.

Sale of a variable annuity requires the use of the appropriate prospectus, available through your wholesaler. The prospectus contains detailed information including investment objectives, risks, and charges and expenses. Please have your clients read the prospectus carefully before they invest or send money.

Variable annuities are issued by Forethought Life Insurance Company and are underwritten and distributed by Forethought Distributors, LLC.


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