ForeCertain is designed for individuals wanting predictable immediate or deferred income. As a single-premium income annuity, it converts an amount of savings into a guaranteed income stream.

Simple

A simple way to convert savings into predictable guaranteed income for life or a specific period.

Choice

Immediate or deferred income,1 single or joint income, plus an Annual Increase Option to help offset inflation.2

1Annuity payments can be deferred up to 30 years or the maximum annuity commencement age, whichever is earlier.

2Initial payments will be lower than if this option is not elected. Income cannot begin prior to age 59 1/2.

What kind of guaranteed income do your clients need?

ForeCertain gives your clients multiple ways to build their income their way:3

  1. Guaranteed Payment Period (5-30 years)
  2. Single/Joint Life Annuity
  3. Single/Joint Life Annuity with Guaranteed Payment Period (5-30 years)
  4. Single/Joint Life Annuity with Cash Refund
  5. Single/Joint Life Annuity with Installment Refund

3For Qualified Contracts ONLY: Upon a death claim, an Eligible Designated Beneficiary may elect to continue the remaining Annuity Payouts or receive the Commuted Value in one sum, if applicable. If the beneficiary is not an Eligible Designated beneficiary, if all the remaining Annuity Payments cannot be taken by December 31 of the 10th year after the year of death as scheduled, the beneficiary must receive the Commuted Value in one sum, if applicable.

Life changes. ForeCertain puts clients in control.

ForeCertain can be customized to help your clients plan for their changing needs.

Temporary need: More income
The Advance Payment Option4,5 gives your clients the ability to accelerate 3 to 6 months of payments and receive as a lump sum (up to two times per contract).

Changing need: Income start date
With the Annuity Commencement Date Change5, after the first contract year, your clients can move their start date one time and their income will be recalculated based on the new date.6

Changing need: Early access
Clients need cash? With the Commutation feature, they may advance all or a portion ($5,000 minimum) of the guaranteed-period annuity payments at present value.5,7

Preference: Keep pace with inflation
With the Annual Increase Option, income increases annually by 2, 3 or 4%. Initial payments will be lower than if this option is not elected. Income cannot begin prior to age 59 1/2.5,8

Preference: Protect the premium amount if they die before income starts
The Temporary Return of Premium option ensures beneficiaries will receive a death benefit equal to the premium amount, prior to income starting. Income will be lower than if the option was not elected.5,8

Preference: Delay RMDs from the annuity
With the Qualified Longevity Annuity Contract (QLAC), your clients can postpone RMDs from age 72 to as far as the first day of the month after they turn age 85.5,8,9

Availability of features varies by the income option, plan type and length of deferral elected. Restrictions and state variations may apply.

Guarantees are based on the claims-paying ability of Forethought Life Insurance Company and assume compliance with the product’s benefit rules, as applicable.

4Income payments will resume once the accelerated period has expired.

5Availability of product feature or optional benefit varies by the income option, plan type, and length of deferral elected. Firm restrictions and state variations apply. There is no charge for product features or optional benefits.

6The start date can be moved up to start immediately or be deferred up to five years, subject to limitations.

7After a partial commutation, your client’s annuity payments for the remainder of the guaranteed period will be recalculated and continue on their regular schedule. A complete commutation may terminate the contract.

8This option is only available at the time of purchase and may not be dropped once elected.

9Clients should consult with their tax professional, as additional parameters apply.

ForeCertain Illustration

Show them some real numbers and a quote

ForeCertain income annuity has a simple design, no fees or charges, and is for people who want a predictable source of income.

Please contact our sales desk at 877-454-4777 to confirm product availability and to run a ForeCertain Advisory quote.

ForeCertain: the facts

Product description A tax-deferred single-premium income annuity, available for Non-qualified, IRA, Roth IRA, SEP IRA, Inherited/Beneficiary IRA10, Inherited/Beneficiary Roth IRA10 and QLAC plans.
Maximum issue/annuity commencement ages11 90 (85 for single/joint life only).
Premium payment
  • $25,000 minimum premium
  • $1,000,000 maximum premium (home office approval for premium in excess of stated limits)
Income options12
  • Guaranteed Payment Period (5-30 years)
  • Single/Joint Life Annuity
  • Single/Joint Life Annuity with Guaranteed Payment Period (5-30 years)
  • Single/Joint Life Annuity with Cash Refund
  • Single/Joint Life Annuity with Installment Refund
Advanced payment option13
  • Full income payments for three to six months may be accelerated and received as a lump sum (up to two times per contract)
  • Additional payments resume once the accelerated period has expired
  • Non-qualified contracts only, must be age 59 1/2 or older to exercise this option
Annuity commencement date (ACD) change13
  • After the first contract year, provided payments have not been started, deferred income annuity payments can be accelerated or delayed up to five additional years, up to the Maximum Annuity Commencement Date
  • This option is available once per contract
Commutation13
  • Request a lump sum amount equal to the full present value of all remaining guaranteed payments or a portion
  • of the present value of all remaining guaranteed payments
  • Minimum $5,000 (partial commutation requests only)
  • Partial commutations reduce the remaining guaranteed payments
Death benefit Death benefit varies by income option elected. Please see the Product Summary for further details.
Annual increase option14
  • Increase income payments by 2, 3 or 4% annually (whole percentages only) upon the anniversary of the Annuity Commencement Date, provided income does not commence prior to age 59 1/2
  • Must be elected at issue and is irrevocable
Temporary return of premium death benefit rider15
  • Provides a Return of Premium death benefit on contracts deferred at least 15 months should the annuitant (single-life) or annuitants (joint-life) die prior to receiving any income payments
  • Must be elected at issue and is irrevocable
  • If elected, annuity payments would be less than if the option was not elected.
  • Not available with all income options. Please see the Product Summary for additional details.
Assignment limitation15
  • Prohibits assignment, sale or other transfer of rights
  • Prohibits commutation, change of ACD and advancement of payments
  • Must be elected at issue and is irrevocable
Qualifying longevity annuity contract (QLAC)
  • Allows required distributions to be delayed no later than the first day of the month following the owner’s 85th birthday on contracts up to the lesser of:
    • $135,000, less any premiums paid on existing QLAC contracts, or
    • 25% of owner’s total IRA values at the end of the previous year
  • Available for Traditional IRA plans commencing income more than 15 months after contract issue.
  • Must be elected at issue and is irrevocable
  • Not available with all income options. Please see the Product Summary for additional details.
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1-877-454-4777