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Independent Review of the Global Atlantic Financial Group ForeAccumulation ll Fixed Index Annuity

What is Covered in this Annuity Review?

In this annuity review, we will be going over the following details regarding the Global Atlantic Financial Group’s ForeAccumulation ll Fixed Indexed Annuity:
  • Product type
  • FeesIndependent Review of the Global Atlantic ForeIncome Option 1 Fixed Index Annuity
  • Current Rates
  • Realistic long-term return expectations
  • How this annuity is best used
  • How it is most poorly used

Annuities can be complex. That’s where having an Annuity Investigator who loves math comes in. We make the complex, simple.

If you’ve been considering the purchase of an annuity because you want to your money to grow, while at the same time you want safety, and the assurance of having an ongoing lifetime income stream in retirement, then the ForeAccumulation ll fixed indexed annuity from Global Atlantic Financial Group might be a good option for you. However, before you run out and make a long-term commitment on this – or any – annuity, it is essential that you first have a good understanding of how the product works, and whether or not it may ultimately be the best fit for your financial goals. Throughout the past several years, the popularity of fixed indexed annuities has risen substantially. One of the primary reasons for this is because the annuities are considered by many to offer the best of all worlds. What exactly does that mean? For one thing, a fixed indexed annuity will provide you with the ability to attain a return that is linked to an underlying market index (or multiple market indices) such as the S&P 500. But, if the market index performs poorly, you don’t have to worry about losing your hard-earned principal. On top of that, the growth that takes place inside of the annuity is tax-deferred, meaning that there is no tax due on this gain until the time it is withdrawn – and that can allow for a nice compounding of your funds. In addition, just like with other types of annuities, the fixed indexed version also allows you to opt for a guaranteed lifetime income in retirement. So, you can count on receiving incoming cash flow for as long as you (as well as your spouse or partner, if applicable) may need it. But first, there are some things you need to be aware of, such as how much it could “cost” you to get out of an annuity if you discover after you purchase it that it really isn’t going to do what you want it to do. That’s not to say that these types of annuities are bad. In fact, they aren’t – and they can be an integral component of your overall retirement portfolio – as long as they fit in with your specific financial needs and goals…and that you are completely aware of what the “tradeoffs” may be for securing the benefits the annuity can offer you. That’s where the Annuity Gator can help.

Annuity and Retirement Income Planning Advice You Can Trust

If this is the first time that you have been to our website, we would like to personally welcome you here to We make up a team of experienced financial professionals who are dedicated to providing in-depth reviews of annuity products. We’ve been doing this for a number of years now – far longer than most of our “copycat” competitors – and because of that, we have come to be known as a highly trusted source of annuity information online. If you’ve been looking for information about annuities via the Internet, then it is likely that you have come across many conflicting details about these financial vehicles. This isn’t really very surprising, though, because there are a lot of opinions (both positive and otherwise) about these products floating around the Internet. Although there are actually many different websites online that focus on providing annuity products and information, there are some that will attempt to lure you in with some pretty bold claims like:
  • Lowest fees
  • Highest income payouts
  • Guaranteed lifetime income
  • Top-rated companies
Sound familiar? However, even though these claims do sound very appealing, it is really important that you know whether or not they are actually true. But with the help of Annuity Gator, you will be much better able to sort of the BS from the truth. In fact, if you’ve landed here on our site in search of more details on the ForeAccumulation ll annuity, then you are definitely in the right place. Dare we even say that our website is the only place where you can find out all of the information – the good, the bad, and yes, even the ugly. Knowing the whole picture, though, can help you in determining whether this product will be right for you. Just to be perfectly clear, here, a fixed indexed annuity can provide some nice benefits. This, however, is really only the case if the product fits in with your specific financial plans. With that in mind, you should also know why you’re going with the annuity – and why you are choosing it over a long list of other potential annuities that may be available to you. So, if you’re ready to learn more, let’s dive in!

The Global Atlantic Financial Group ForeAccumulation ll Fixed Index Annuity at a Glance

Product NameForeAccumulation ll
IssuerGlobal Atlantic Financial Group
Type of ProductFixed Index Annuity
S&P RatingA- (Strong)
Phone Number(866) 462-8992

Opening Thoughts on the Global Atlantic ForeAccumulation ll Fixed Index Annuity

Through its subsidiaries, Global Atlantic Financial Group offers a wide range of retirement and life insurance products that can help them to customize wealth accumulation and protection, as well as future income, asset transfer, and legacy needs. The company is relatively new – particularly in relation to centuries-old insurance carriers with long histories that have plowed through both good and bad markets throughout the years. Global Atlantic came about in 2004, initially as Goldman Sachs Reinsurance Group. With several acquisitions, the company grew, and in 2013, it separated from Goldman and incorporated as Global Atlantic Financial Group Limited. Today, Global Atlantic is a privately held firm, with approximately 1,500 owner/shareholders that primarily comprise management, employees, individuals, and institutions. Strong and stable financially, Global Atlantic’s insurance companies have high ratings, including an A (Excellent) from A.M. Best, and A- (Strong) from Standard & Poor’s, and an A3 (Stable) from Moody’s Investor Services. As one of Global Atlantic’s subsidiaries, Forethought Life Insurance Company holds nearly $25 billion in assets. Over the past several years, annuities have become a very popular financial product – particularly for retirees and those who are approaching retirement. One of the biggest reasons for this is because an annuity will allow your money to grow tax-deferred, and it can also provide you with a lifetime stream of income that you literally cannot outlive. Fixed indexed annuities, in particular, have become a top choice for investors, as they allow the opportunity to earn higher returns than a regular fixed annuity, while at the same time keeping your principal safe from volatile market movements. Yet, even though this might sound like a win-win-win situation, the reality is that if something sounds like it may be too good to be true, then it typically is – so you should ideally get as much in-depth detail as possible if you are considering committing to it for the long term.

Before we get into the gritty details, here are some necessary legal disclosures…

This is an independent annuity product review. It is not a recommendation to purchase or to sell an annuity. Global Atlantic Financial Group has not endorsed this review in any way, nor do we receive any type of compensation for providing this review. This annuity review is meant solely to be an independent review at the request of our readers so that they may see out perspective when breaking down the positives and the negatives of this particular annuity. Before purchasing any type of insurance and/or investment product, it is important that you do your own due diligence, and that you consult a properly licensed professional if you should have any specific questions that relate to your individual situation. All of the names, marks, and materials that were used for this annuity review are the property of their respective owners. For more information on how to compare annuities in order to determine which one may be the best for you and your financial circumstances, click here to obtain our free annuity report.

How Global Atlantic Describes the ForeAccumulation ll Annuity

The Global Atlantic Financial Group website describes the ForeAccumulation ll fixed index annuity as one that gives you the opportunity to grow your money while knowing that you will never have to experience decreases from poor market performance. This single premium fixed indexed annuity offers a variety of different crediting options – as well as a fixed rate option that provides steady and predictable growth. There is a five-year, seven-year, and ten-year crediting option available – so you can choose the one that best fits with your specific goals and needs. As with many other fixed index annuities (FIAs), the ForeAccumulation ll offers a nursing home waiver and a terminal illness waiver. With the nursing home benefit, if at any time on or after the issue date of the annuity, should you become confined to an approved nursing facility for at least 90 consecutive days, the withdrawal charges and market value adjustment on any portion of the contract value withdrawn will be waived. The terminal illness waiver works in a similar manner, in that if you have been diagnosed with a terminal illness after the first contract anniversary, then both the withdrawal charges and the market value adjustment will be waived on the amount that is withdrawn. There is also an optional enhanced death benefit that allows you the ability to leave a legacy for a named beneficiary – guaranteed. With this added option, each year the enhanced death benefit will grow by a guaranteed 7% of the premium for up to 15 years. And, if the amount ends up to be more than your annuity’s contract value, your beneficiary will receive a higher value. For additional information on the Global Atlantic ForeAccumulation ll annuity, you can check out the product brochure HERE. There is also a highlight sheet HERE that provides at-a-glance details about this annuity.

How an Insurance or Financial Advisor May Pitch This Annuity to Clients or Prospects

Today, people are living much longer than ever before – and, while that can be positive in many respects, it can also bring about the worry of outliving your income in retirement. With many people who are preparing for retirement being concerned about growing their savings, while at the same time keeping their principal safe, it is possible that an insurance or financial advisor would present this annuity as a vehicle for accomplishing both of those goals. Plus, there is also the option to choose income for life with this annuity. What the agent may or may not heavily focus on, however, is the “fine print” – which can more clearly explain some of the “tradeoffs” that you’ll need to make in order to garner some of the benefits. For instance, while you can lock in your fixed crediting option for five, seven, or even for ten full years, the longer the crediting period lasts, the longer the surrender fees will also last. This means that you’ll get dinged with a surrender penalty – in addition to taxes – if you withdraw more than ten percent of the contract’s value during the surrender period. As an example, based on which of the fixed crediting strategies you choose, you could see up to a decade of surrender charges: Five Year Withdrawal Charge Schedule
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Seven Year Withdrawal Charge Schedule
Charge %98765430
Ten Year Withdrawal Charge Schedule
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There are other fees that could also apply with the ForeAccumulation ll fixed index annuity – including an added premium charge if you opt to go with the enhanced death benefit feature. This additional fee can essentially cut into the gains.

The Annuity Gator’s End Take on the Global Atlantic ForeAccumulation ll Fixed Indexed Annuity.

Where it works best: This particular annuity will usually work the best for those who are looking for:
  • The opportunity to obtain a higher rate of growth than that of a regular fixed annuity
  • Safety of principal
  • Lifetime income
Where it works worst: Conversely, this particular annuity may not fare so well for those who:
  • Want or need to access their funds penalty-free within the first five to ten years (depending on the fixed crediting option that is chosen)
  • Do not intend to use the guaranteed lifetime income feature

In Summary

There are a number of factors that should be considered before you commit to a long-term financial product like an annuity. If you are still leaning towards purchasing a fixed index annuity like the ForeAccumulation ll from Global Atlantic, you can be assured that your principal will be safe from the ups and downs of the stock market, as well as in that you will have a future retirement income that you can count on. But in reality, the only way to really know if this particular product is right for you is to have it tested. We can do this for you providing you with an in-depth and personalized spreadsheet showing how the annuity may perform given your specific parameters. In going this route, you could find that it fits the bill for you – or, you may also find out that there may be some other products out there that work better for you and your particular situation. If you would like to move forward with “testing” this annuity for your specific needs – at no cost and no obligation – then just simply let us know here via our secure online contact form.

Still Have More Questions About the Global Atlantic ForeAccumulation ll? Did You Happen to Notice Any Mistakes in this Annuity Review?

We understand that this annuity review was a tad bit on the long side. So, we thank you for sticking with us here to the end. However, when we are creating our reviews here at, we would much rather “err” on providing “too much” information for our readers rather than not enough. That way, you will be in a better position to make a truly informed decision as to whether or not a particular annuity product is right for you. In addition, we also know that annuity information can – and often does – change on a regular basis. So, if you happened to notice any details in this review that may need to be updated or revised, then please let us know that as well, and we will be happy to make any of the needed changes here. Likewise, if reading over this review caused even more confusion about this product, then please click here in order to let us know that too. Are there any other annuities that you would like to see reviewed on our website? If so, just let us know the name of the product (or products), and we will get right on it. Best, The Annuity Gator P.S If you would like to read more of our Global Atlantic annuity here are some links to check out: Independent Review of the Global Atlantic Financial Group ForeAccumulation ll Fixed Index Annuity
  • Bradley Melloy
    4:14 PM, 12 November 2019

    I have a 5 year fixed annuity with Global Atlantic. What growth can I expect in each of the five years?

  • Annuity Gator
    3:54 PM, 13 November 2019

    Hi Bradley– Thank you for your message.
    Our Annuity Gator experts will be happy to point you in the right direction. In order to best support you, we will need some additional information from you. Rather than sending information back and forth via email, we would prefer you contact us directly, toll-free, at (888) 440-2468 to chat with one of our annuity specialists or visit
    We look forward to hearing from you.
    Annuity Gator

  • Jackie Worthington
    12:42 PM, 3 April 2020

    What are the fees: initial, annual, commission?

  • Annuity Gator
    8:13 AM, 7 April 2020

    Hi Jackie– Thank you for your message.
    We would be happy to help you understand this product better and get you all the details. Rather than sending the info back and forth via email, it would be best to discuss it by phone. Please feel free to contact us directly, toll-free, at (888) 440-2468 to chat with one of our annuity specialists or visit
    We look forward to hearing from you.
    Annuity Gator

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