Make sure you don’t have to become “unretired.”

ForeRetirement™ III Variable Annuity Suite

The ForeRetirement variable annuity helps you plan for the challenges you’ll face, so you don’t have to face an even bigger challenge: reentering the workforce. As a variable annuity, it offers a range of standard payout options, professional money management and tax-deferral. By electing optional beneifts at an additional cost, ForeRetirement can help you:

  • Capture positive performance for income or legacy objectives
  • Customize a Live, Give, or Live & Give retirement strategy
  • Control the balance between guarantees and available growth potential

Forethought's ForeRetirement variable annuity now offers four Daily withdrawal benefit options that may provide you with greater choice and flexibility.

Available benefits can help you focus on any of three key retirement strategies:

Using the new Daily 7 and Daily +5 or the existing Daily 6 or Daily +4, capture new contract value highs on a daily basis for the purpose of calculating future income. 

Daily 7 guarantees a 7% minimum amount of growth of the Withdrawal Base applied for income calculation each year, for up to 15 years or until your first withdrawal. Daily 6 functions similarly, but with a 6% Deferral Bonus instead of 7%.

Daily +5 guarantees 5% growth in addition to the market step-ups for up to 15 years or until your first withdrawal. Daily +4 functions similarly, but guarantees 4% growth instead of 5%. 

Additionally, Daily +4 and Daily 6 provide higher performance-based growth potential for the Withdrawal Base, with 100% allocation to managed risk investment options versus a Daily +5  and Daily 7 requirement of 80% allocation to managed risk investment options and a 20% allocation to the fixed account.

Deferral bonuses apply until the fifteenth contract anniversary or first withdrawal, if sooner. Step up potential continues to age 95. The Withdrawal Base is used solely for income calculation and is not accessible as a lump sum value. All four features are offered for an additional charge.

Maximum Daily Value II (MDV II) death benefit provides a death benefit for your beneficiaries that equals 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).

Other options include Legacy Lock III as a stand-alone benefit which allows for withdrawals of up to 5% of the Premium Base annually or RMD amounts, without reducing the death benefit, and Return of Premium II (ROP II), which prevents your death benefit from dropping below the amount of premium you’ve invested. Return of Premium II death benefit is reduced by withdrawals. All optional death benefits are available at an additional cost.

Electing Legacy LockTM III alongside either Daily 7 or Daily +5 withdrawal benefit gives you all of the features of the Live Strategy while also helping to protect your legacy. Typical annuity death benefits reduce as you make you withdrawals. With Legacy Lock III, your death benefit may be undiminished by your guaranteed withdrawal amounts or RMDs, subject to benefit guidelines. So you can "live" with guaranteed withdrawals for lifetime income and still have the potential to "give" a legacy through death benefit proceeds equal to the amount of premium you invested, subject to the benefit guidelines.*

Legacy Lock III is available at an additional cost, and only when paired with either the Daily 7 or Daily +5 optional withdrawal benefit.


Talk to your financial advisor to learn more about the ForeRetirement variable annuity and how it can work to help keep you retired.

ForeRetirement is available in three share classes, B, C and L. The share classes differ in the fees, duration of the surrender charge period and how the sales charges are structured.

ForeRetirement B-Share
ForeRetirement C-Share
ForeRetirement L-Share


* 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.

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

All optional benefits are subject to state approval and variations.

In the event of multiple benefit elections with conflicting investment requirements, the requirements for the Daily withdrawal benefit elected will prevail.

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.

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. 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. Your financial professional’s commission may also differ depending upon the share class selected. You should discuss which share class is right for you with your financial professional based on the available options. Important share class considerations include, but are not limited to, your investment holding period and investment flexibility.

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.

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 your tax or legal counsel for advice.

Marketing materials may not be available for use in all states.

Variable annuities are sold by prospectus. The prospectus contains investment objectives, risks, fees, charges, expenses, and other information regarding the variable annuity contract and the underlying investments, which should be considered carefully before investing money. You can obtain a prospectus from your financial advisor or by clicking here.

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

Products and optional features are subject to state and firm availability.

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