Product | Optional GLWB Rider update* | Income enhancement benefit** | New participation rate crediting strategies |
---|---|---|---|
ForeIncome II | • | • | • |
Income 150+ SE | • | ||
ForeAccumulation II | • |
Full product enhancement details
Effective May 20, 2024, these new product features are designed to deliver exceptional value to your clients. See the full list.
ForeAccumulation II fixed index annuity
View all the enhancements we’ve made to ForeAccumulation II
New for 2024
New S&P 500 Point-to-Point Locked1
- Cap Strategy available on the 5, 7 and 10 withdrawal periods.
Increase max issue age2,3
- From 75 to 80 of Optional Enhanced Death Benefit Rider.
- The fee will remain at 0.50% for issuing ages 0-70
*There will be an increased fee of 0.95% for issuing ages 71-80
- 12% increase to Contract Value on day 1
- Available for 10-year Withdrawal Charge Annuities
Optional Growth Accelerator Rider6
- Designed to provide increased growth potential7
- Available on select crediting strategies
7 additional Par Rate Crediting Strategies
Unchanged feature
100% Rate Renewal History during the annuity’s Withdrawal Charge period5
ForeIncome II fixed index annuity
View all the enhancements we’ve made to ForeIncome II
New for 2024
Revamped optional Guaranteed Income Builder rider
- Change from 8% to 12% roll up rate up to 10 years to the Withdrawal Base
- Updated lifetime withdrawal rates
Updates to the Income Multiplier Benefit Guaranteed Lifetime Withdrawal Benefit.9,10
- Lifetime Annual Payment factors increasing.
- Reduction in pre-income activation income multiplier from 2X interest credit to 1.25X interest credits annually.
- Increase in post-income activation income multiplier from 1X interest credits to 1.25X interest credits annually
Updates to the Guaranteed Income Builder Lifetime Withdrawal Benefit.9,10
- Lifetime Annual Payment factors increasing for most ages.
Income 150+ SE fixed index annuity
View all the enhancements we’ve made to Income 150+ SE
New for 2024
Updates to the Guaranteed Lifetime Withdrawal Benefit.2,3
- Lifetime Annual Payment factors increasing for various ages.
- Increase to the Guaranteed Lifetime Withdrawal Benefit annual fee from 1.05% to 1.20% of the withdrawal base
7 additional Par Rate Crediting Strategies
Unchanged features
- 20% boost to Withdrawal Base on day 1
- 7.5% boost to Withdrawal Base from years 2 through 5
- Income Enhancement Benefit6
- 2x income if client is unable to perform 2+ Activities of Daily Living
Service Excellence
Our continued commitment to operational excellence, transparency, and business support.
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