Secure Your Retirement with the Income 150+ Annuity

Secure Your Retirement with the Income 150+ Annuity

Table of Contents:

1. Introduction
2. Understanding Fixed Index Annuities
3. Exploring the Forethought Income 150-Plus Fixed Index Annuity 3.1. Building for Lifetime Income and Account Value Growth 3.2. Easy-to-Understand Boosts to the Income Base 3.3. Guaranteed Lifetime Income Benefit (GLIB)
4. Why Income 150-Plus Stands Out for Guaranteed Income 4.1. Competitive Payout Factors 4.2. Financial Strength and Reliability
5. The "Plus" Factor for Long-Term Growth Potential 5.1. Deferment of Guaranteed Lifetime Annual Income 5.2. Uncapped Indexed Interest Strategy
6. The Barclays Armor 2 Gross USD 7% ER Index
7. Conclusion
8. Additional Important Details

Exploring the Benefits of the Forethought Income 150-Plus Fixed Index Annuity

Introduction:

Fixed index annuities are a popular choice among individuals planning for retirement. These insurance products offer competitive income paths and growth options. In this article, we will take a closer look at one particular fixed index annuity that stands out from the rest: the Forethought Income 150-Plus Fixed Index Annuity. Designed to provide both lifetime income and account value growth, this annuity offers a unique set of features. Let's dive in and explore the benefits it brings to the table.

Understanding Fixed Index Annuities:

Before we Delve into the details of the Forethought Income 150-Plus, let's first understand what fixed index annuities are. These long-term insurance products are specifically designed to cater to the needs of retirees. They offer a combination of guaranteed income and potential for growth, making them an attractive option for individuals seeking financial security in their golden years.

Exploring the Forethought Income 150-Plus Fixed Index Annuity:

1. Building for Lifetime Income and Account Value Growth:

The Forethought Income 150-Plus Fixed Index Annuity is built to provide policyholders with two essential elements: lifetime income and account value growth. Retirees today don't want just one thing; they want to ensure their money can grow while guaranteeing a steady stream of income when needed. The Income 150-Plus aims to fulfill these requirements seamlessly.

2. Easy-to-Understand Boosts to the Income Base:

To make the annuity easier to understand, the Income 150-Plus provides four distinct boosts to the income base. These boosts result in a higher income base, separate from the account value, making it simpler for policyholders to track their earnings. At the beginning of the annuity, a 20% income boost is added, followed by an additional 15% boost in the third and fifth years, respectively. This cumulative boost amounts to 150% of the premium at the beginning of the fifth contract year.

3. Guaranteed Lifetime Income Benefit (GLIB):

The Income 150-Plus also offers a valuable rider called the Guaranteed Lifetime Income Benefit or GLIB. Available for an annual charge of 0.95% of the income base, the GLIB ensures policyholders have access to one of the most competitive payout factors in the country. With this rider, individuals can rest assured that they will receive a steady stream of lifetime income as per their needs.

Why Income 150-Plus Stands Out for Guaranteed Income:

1. Competitive Payout Factors:

When it comes to guaranteed income, the Income 150-Plus stands tall among its peers. With its competitive payout factors, it caters to individuals who are looking to secure income in the first six years of their retirement. The annuity is designed to provide a consistent and reliable income stream, ensuring financial stability during the early years of retirement.

2. Financial Strength and Reliability:

Income 150-Plus is issued by Forethought Life Insurance Company, a leading provider of quality retirement products. With an A- category rating from AM Best, as of January 2014, it ranks among the top insurers in terms of financial strength. This rating provides policyholders with the peace of mind that their annuity is secure and backed by a stable and reliable insurance company.

The "Plus" Factor for Long-Term Growth Potential:

1. Deferment of Guaranteed Lifetime Annual Income:

For individuals looking to defer guaranteed lifetime annual income for ten years or more, the Income 150-Plus presents an ideal solution. By opting for this annuity, they can enjoy the flexibility of deferring income while knowing that their account value continues to grow over time. This deferral option allows policyholders to maximize their retirement savings and tailor their income to their specific needs.

2. Uncapped Indexed Interest Strategy:

Market volatility poses significant challenges to retirement savings and income. To address this issue, the Income 150-Plus offers an uncapped indexed interest strategy. This unique strategy is built around the volatility-controlled index managed by Barclays, one of the largest global asset management firms. The Barclays Armor 2 Gross USD 7% ER Index adapts its asset allocation on a monthly basis, striving to capture changing market trends while reducing risk.

Conclusion:

The Forethought Income 150-Plus Fixed Index Annuity provides retirees with a comprehensive solution for guaranteed income and long-term growth potential. With its easy-to-understand boosts to the income base, competitive payout factors, and uncapped indexed interest strategy, it offers a well-rounded Package for individuals planning for a secure and prosperous retirement. As with any annuity contract, it is essential to review all the specific details and terms before making an informed decision.

Additional Important Details:

For a more complete and detailed understanding of the Forethought Income 150-Plus Fixed Index Annuity, it is crucial to refer to the accompanying consumer materials and contract. These resources provide all the necessary information related to features, charges, limitations, and other vital aspects of the annuity.

Highlights:

• A comprehensive solution for guaranteed income and growth potential in retirement.
• Easy-to-understand boosts to the income base for tracking earnings.
• Competitive payout factors for a steady stream of lifetime income.
• Backed by a financially strong and reliable insurance company.
• Uncapped indexed interest strategy for greater growth potential.

FAQ:

Q: How does the Income 150-Plus annuity differ from other fixed index annuities? A: The Income 150-Plus stands out with its easy-to-understand boosts to the income base and competitive payout factors, ensuring a reliable stream of income during the first six years of retirement.

Q: Can I defer guaranteed lifetime annual income with the Income 150-Plus? A: Yes, the annuity offers the flexibility to defer income for ten years or more, allowing individuals to maximize their retirement savings while their account value continues to grow.

Q: How does the uncapped indexed interest strategy work? A: The Income 150-Plus utilizes the Barclays Armor 2 Gross USD 7% ER Index, a volatility-controlled index managed by Barclays. This strategy adapts its asset allocation on a monthly basis, capturing market trends and reducing risk to optimize growth potential.