Guarantees are based on the claims-paying ability of Forethought Life Insurance Company and subject to compliance with benefit rules.
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. 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 may reduce 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, you should consult a tax or legal counsel for advice.
Forethought is Forethought Life Insurance Company and affiliates, subsidiaries of Global Atlantic Financial Group Limited.
ForeIncomeTM and ForeAccumulationTM fixed index annuities are issued by Forethought Life Insurance Company and available in most states with contract FL-FIA-13 and ICC14-FL-FIA.
Products and features are subject to state availability and variations. Read the Contract for complete details.
Indices are not available for direct investment.