ForeCare is Moving Operational Platforms Effective 12/16/2024

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At Global Atlantic, we are focused on continuously making end-to-end improvements designed to enhance your overall experience. Effective December 16, 2024, we are transitioning our ForeCare Fixed Annuity new business over to the same operational platform where our suite of Fixed and Fixed Index Annuities are currently being serviced.

In addition to changing operating platforms, we are making small changes to the product.

What’s changing 

PREMIUM UPDATES

Prior to 12/16/2024  
Minimum: $35,000 
State variations: CA, OR, VT, WA & WI 
Maximum (Single Life): $400,000 
Maximum (Joint Life): $600,000 

On or after 12/16/24
Updated Premium Limits:
Minimum: $35,000 
State variation in CA* 
Maximum (Single Life): $600,000 
Maximum (Joint Life): $900,000

* California – Minimum Premium

  Standard Policy: $60,000 single life and $70,000 joint life   |   Premier Policy: $40,000 single life and $50,000 joint life  

Additional state variations may apply to Market Value Adjustment and/or withdrawal charges on any previous withdrawal amounts taken as free in the same contract year as a full surrender.

Ohio is moving from a 7-year withdrawal period to a 9-year Withdrawal Charge Period.

What you need to know
We are committed to making the transition as seamless as possible.

  • Our Order Entry platforms, marketing materials, and forms will be updated on December 16, 2024.
  • You’ll continue to access all your ForeCare business submitted prior to December 16, 2024, as you do now on the website.
  • ForeCare business submitted on or after December 16, 2024 will be available on our modernized Financial Professional website. You’ll have access to the same great features that are available for our other products, including your customized dashboard, viewing your book of business, setting up delegate access, and more.
  • If you’ve already completed the ForeCare NAIC product training, you do not need to retake it.

What you need to do 

  • Use an electronic application for the most updated version of the forms or visit our website to obtain the latest versions of ForeCare forms. We will accept the existing versions of ForeCare paper applications through February 14, 2025 to support this transition with minimal business disruption. After this date, new outdated versions of ForeCare applications will be considered Not In Good Order.
  • The updated version of the Product Disclosure Form is required for the business to be considered In Good Order.
  • Continue to follow the same process for your underwriting form submissions. Please refer to the checklists – ForeCare Step 1 and ForeCare Step 2.
  • If you still need a paper application, please visit our website under Resources/Forms/IMO Business.