Forethought Life Insurance Company is the primary annuity-issuing subsidiary of Global Atlantic Financial Group, which is wholly owned by KKR. If you have shopped for a SecureFore MYGA, a ForeIncome FIA, or the ForeCare fixed annuity with built-in long-term care benefits, you have been looking at a Forethought product. With tri-agency A ratings, $14.7 billion in annual premiums, and one of the most complete annuity product lineups available from a single carrier, Forethought / Global Atlantic is a major force in the market.
Forethought Life / Global Atlantic at a Glance
| Detail | Information |
|---|---|
| Issuing Entity | Forethought Life Insurance Company (domiciled in Indiana) |
| Consumer Brand | Global Atlantic Financial Group |
| Parent Company | KKR & Co. Inc. (fully acquired ~2022-2024) |
| Global Atlantic Founded | 2004 (spun off from Goldman Sachs) |
| Headquarters | New York, NY |
| AM Best Rating | A (Excellent) – verify current rating at ambest.com |
| S&P / Fitch | A / A – tri-agency A rating |
| NAIC Complaint Index | 0.55 (below industry average of 1.00) |
| Annual Premiums | $14.7 billion (2024) |
| Policyholders | 2 million+ |
| State Availability | All 50 states + DC |
Financial Strength and Background
Global Atlantic was established in 2004 as an internal Goldman Sachs unit before spinning off as an independent company in 2013. KKR began acquiring the company in 2021 and completed full ownership around 2022-2024. Today Global Atlantic is a wholly owned KKR subsidiary and one of the top 20 U.S. annuity providers by market share.
Forethought Life Insurance Company carries A ratings from AM Best, S&P, and Fitch – a tri-agency alignment at the “Excellent/Strong” tier that gives advisors confidence across their rating framework requirements. The NAIC complaint index of 0.55 is below the 1.0 industry average. Verify current ratings at ambest.com and globalatlantic.com.
One consideration for buyers: KKR is a private equity firm with return objectives. Some buyers prefer mutual or ESOP-owned carriers. That said, AM Best has affirmed the A rating post-KKR acquisition with no concerns about claims-paying ability.
What Annuity Products Does Forethought / Global Atlantic Offer?
- SecureFore MYGA – 3, 5, and 7-year terms. Current rates approximately 4.15% (3-yr), 4.90-4.95% (5-yr), 5.05-5.20% (7-yr). $10,000 minimum. Competitive rates backed by tri-agency A ratings.
- ForeCare Fixed Annuity – A fixed annuity with a built-in long-term care benefit. If you meet qualifying care conditions, income multiplies. Rates approximately 5.50-6.00%. This is one of the few annuity products on the market that directly addresses long-term care expenses.
- ForeAccumulation II FIA – Growth-focused FIA. $25,000 minimum.
- ForeIncome II FIA – Income-focused FIA with Guaranteed Lifetime Withdrawal Benefit. $25,000 minimum.
- Income 150+ SE FIA – Income accumulation FIA. $10,000 minimum.
- ForeStructured Growth II (RILA) – Buffered registered index-linked annuity. $25,000 minimum. Note: unlike a fixed annuity, principal can decline in severe market downturns. Securities product requiring licensed financial professional.
- ForeInvestors Choice Variable Annuity – 100 subaccount investment options. Securities product.
- ForeCertain SPIA/DIA – Single or deferred premium immediate annuity with guaranteed lifetime income. $10,000 minimum.
No rate data found for this carrier at this time.
Who Is Forethought / Global Atlantic Best For?
- Advisors who want to consolidate client annuity needs with one carrier – few carriers offer fixed, FIA, RILA, variable, and income products under a single A-rated umbrella.
- Buyers concerned about long-term care costs – ForeCare is one of the only fixed annuities with a built-in LTC multiplier, addressing a major retirement planning gap.
- MYGA buyers who want tri-agency A ratings with competitive rates – SecureFore rates in the 5%+ range for 7-year terms from a carrier rated A by AM Best, S&P, and Fitch.
- Higher-net-worth buyers ($100K+) who want sophisticated FIA or RILA options and can meet the $25,000 minimums.
Forethought is not the best choice for buyers who prefer mutual or ESOP ownership over KKR’s private equity model, or for self-directed buyers – all products require a licensed professional.
Forethought / Global Atlantic Pros and Cons
Pros
- Tri-agency A rating (AM Best, S&P, Fitch) – satisfies nearly all advisor carrier requirements
- ForeCare is a unique product – annuity with built-in LTC benefits, rare in the market
- Broadest product lineup – MYGA, FIA, RILA, variable, and immediate income from one carrier
- $14.7 billion in annual premiums – institutional scale and market acceptance
- All 50 states + DC
- NAIC complaint ratio 0.55 – below average
Cons
- KKR (private equity) ownership – some buyers prefer carrier structures without investor return objectives
- $25,000 minimums on FIA/RILA products – higher than some competitors
- FIA and RILA rider costs 0.25-0.50% annually
- Short company history as “Global Atlantic” (founded 2004) vs. century-old carriers
- ForeStructured Growth II carries principal loss risk – not suitable for buyers expecting full principal protection
Frequently Asked Questions About Forethought / Global Atlantic
What is ForeCare and why is it different from other fixed annuities?
ForeCare is a fixed deferred annuity that doubles your income payments if you qualify for nursing home care or meet Activities of Daily Living (ADL) criteria. Most annuities treat long-term care as a separate product category. ForeCare integrates LTC benefits into an annuity, allowing you to address both retirement income and potential care costs with a single contract. Rates run approximately 5.50-6.00%, reflecting the embedded LTC benefit cost structure.
Is Forethought the same as Global Atlantic?
Forethought Life Insurance Company is the legal issuing entity. Global Atlantic Financial Group is the parent brand. Your contract will be issued by Forethought Life and backed by Global Atlantic’s balance sheet. A second entity, Accordia Life and Annuity Company, handles some products. Both carry the same A-level financial strength ratings. Learn more at globalatlantic.com.
How do I buy a Forethought / Global Atlantic annuity?
All products require a licensed insurance agent or financial professional. Securities products (RILA, variable annuity) additionally require a FINRA-registered representative. My Annuity Store can help you compare SecureFore MYGA rates against other carriers. Request a free quote or call 855-583-1104.
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