What Is the Global Atlantic ForeIncome II?
The Global Atlantic ForeIncome II is a fixed indexed annuity designed specifically for guaranteed lifetime income. Issued by Forethought Life Insurance Company, a subsidiary of Global Atlantic Financial Group (owned by KKR), it builds a growing income base through one of two guaranteed benefit riders – then converts that base into payments that last for life, regardless of what happens to the underlying contract value.
If your goal is growth without an income rider, see our Reliance Standard Accumulator 7 or F&G Power Accumulator 7 reviews instead. The verdict: a free income-doubler for long-term care, but mid-market payouts and a required rider fee.
- Best for: savers 5 to 15 years from retirement who want lifetime income, joint-life protection for a spouse, and a long-term care hedge.
- Not for: anyone who wants accumulation only, needs more than 10% a year in liquidity, or objects to a 1.05% to 1.20% rider fee.
Global Atlantic ForeIncome II at a Glance
| Detail | Information |
|---|---|
| Issuing Carrier | Forethought Life Insurance Company |
| Parent Company | Global Atlantic Financial Group (wholly owned by KKR) |
| AM Best Rating | A (Excellent)[1] |
| Product Type | Fixed Indexed Annuity with Guaranteed Lifetime Withdrawal Benefit |
| Surrender Period | 10 years (surrender charges apply) |
| Minimum Premium | $25,000 |
| Maximum Premium | $500,000-$1,000,000 (varies by age and state) |
| Issue Ages | 45-85 |
| Free Withdrawals | 10% of beginning-of-year contract value annually |
| Market Value Adjustment | Yes – MVA applies during 10-year surrender period |
| Income Rider Required | Yes – must elect Income Multiplier or Income Builder at issue |
How Much Income Does the ForeIncome II Pay?
Your income comes from a Withdrawal Base, a separate value used only to calculate payments. It cannot be cashed out, and the rider you choose decides how fast it grows.
| Rider | Income Multiplier Benefit | Guaranteed Income Builder Benefit |
|---|---|---|
| Annual fee | 1.05% of the Withdrawal Base | 1.20% of the Withdrawal Base |
| Withdrawal Base growth | 3x your index credits before income starts, 1x after | 10% a year, guaranteed |
| Growth period | Until income starts | Up to 15 years or until income starts |
| Flat index year | No base growth | Still grows 10% |
| Age at Activation | Single Life Payout | Joint Life Payout |
|---|---|---|
| 60 | ~5.00% | ~4.50% |
| 65 | ~5.90% | ~5.30% |
| 70 | ~6.50% | ~6.00% |
| 75 | ~7.00% | ~6.50% |
- Income Enhancement Benefit: free; income doubles for up to 5 years if you cannot perform two Activities of Daily Living[2]. Issue age 75 max, usable once.
- Lifestyle Payment Option: higher payments from 55 to 72, level from 73 to 82, lower after 83. Elect it before age 70.
- If the contract value hits zero, lifetime payments continue from Forethought’s general account.
- Payout rates are approximate and change for new contracts. Compare them with our income rider calculator.
Guaranteed income depends on your age, premium, and state, not the marketing name of the rider. Run a live quote here to see what today’s carriers will guarantee you at the age you plan to start income.
How Much Guaranteed Lifetime Income Can You Buy?
Live quotes from today’s carrier feedSee what the Global Atlantic ForeIncome II would pay you for life
Lifetime income depends on your age, your premium and when you start. Run the numbers in our income rider calculator, or request a quote with current carrier figures for your age and state, in writing.
ForeIncome II Index Options
| Index Strategy | Crediting Method | Current Cap |
|---|---|---|
| Fixed Account | Guaranteed fixed rate | Rate available at application |
| S&P 500 Engle 12% VT ER Index | 1-Year Point-to-Point with Cap | 8.75% |
| Nasdaq-100 Agile 15% Index | 1-Year Point-to-Point with Cap | 9.40% |
Caps are as of early 2026 and reset each contract anniversary. Both illustration indexes are new: the S&P 500 Engle began December 18, 2024, and the Nasdaq-100 Agile began February 21, 2025.
Illustrated history before those dates is backtested. Treat contract value projections as hypothetical, not a forecast.
ForeIncome II Strengths and Red Flags
What it does well
- The Income Enhancement Benefit doubles income for up to 5 years at no added cost, a long-term care hedge many income riders charge for.
- Two rider choices: a predictable 10% rollup or a 3x multiplier that rewards strong index years.
- Joint-life payouts and the Lifestyle Payment Option let you shape income around a spouse or an active early retirement.
Red flags
- An income rider is required at issue, so you pay 1.05% to 1.20% a year even if you never turn income on.
- Surrender charges run 10 years: 9%, 9%, 8%, 7%, 6%, 5%, 4%, 3%, 2%, 1%, plus an MVA on withdrawals above the free 10%.
- Both featured indexes have almost no live history; illustrated growth is mostly backtested.
- Withdrawals before income starts reduce the Withdrawal Base proportionally, which lowers future income.
Bottom Line Verdict
The Global Atlantic ForeIncome II is a competent, flexible income FIA whose best ideas are the choices it gives you: the Income Multiplier (1.05% fee, 3x index-linked Withdrawal Base growth) versus the Guaranteed Income Builder (1.20% fee, a predictable 10% annual rollup), plus a free Income Enhancement Benefit that doubles your payment for up to five years if you cannot perform two activities of daily living, a genuine long-term-care hedge most competitors charge for or omit. Its payout rates are solidly mid-market: roughly 5.9% at age 65, 6.5% at 70, and 7.0% at 75 single-life. To make that concrete, run the Builder’s 10% rollup on a $100,000 deposit deferred 10 years and the Withdrawal Base reaches about $200,000; at the age-70 payout rate that is approximately $13,000 a year for life. That is respectable, but the high-bonus income leaders guarantee more on the same profile, the Athene Ascent Pro 10 Bonus illustrates around $16,500 and the North American Income Pay Pro 10 around $16,840, because their upfront bonuses and rollups are larger. Add a mandatory rider fee, an income election required at issue, and backtested-only indexes, and the ForeIncome II lands as a good-not-great pick best suited to buyers who specifically value its ADL doubler and its Multiplier-or-Builder flexibility.
Final verdict: the Global Atlantic ForeIncome II is built for guaranteed lifetime income. It earns our 3.5 rating for buyers who value the ADL income-doubler. For the highest guaranteed income, consider the Athene Ascent Pro 10 Bonus or North American Income Pay Pro 10.
Compare live rates on 137 fixed index annuities or visit our annuity review database.
Also based on: Forethought Life Insurance Company rate and rider disclosures (early 2026).
This review is for educational purposes only and is not a recommendation or an offer to sell any annuity. Product features, index options, and rates can and do vary by state, and this product is not available for sale in every state. Always request a carrier illustration and work with a licensed annuity agent before you buy.
Frequently Asked Questions
What happens if my contract value reaches zero?
Forethought keeps paying your guaranteed lifetime income for as long as you, and your spouse if you chose joint life, are alive. That guarantee is what the rider fee pays for.
What is the difference between the Income Multiplier and the Guaranteed Income Builder?
The Income Multiplier (1.05% fee) grows your Withdrawal Base at 3x your index credits, with no growth in flat years. The Guaranteed Income Builder (1.20% fee) adds a fixed 10% every year regardless of the market.
Can I take withdrawals before I activate income?
Yes, up to 10% a year free of surrender charges. Each withdrawal reduces your Withdrawal Base proportionally, which lowers your future guaranteed income.
Is Global Atlantic / Forethought financially stable?
Forethought holds an A (Excellent) rating from AM Best, and Global Atlantic is owned by KKR. Guarantees rest on Forethought's claims-paying ability, not on KKR directly.
