MA
● Terminated
Maximum Anniversary Value Core
Forethought Life Insurance Company
DTCC ID
—
COMPANY
Forethought Life Insurance Company
TYPE
Variable Annuity
INCEPTION
Jul 21, 2014
Identity
Benefit name
Maximum Anniversary Value Core
Internal benefit name
Maximum Anniversary Value Core
Product policy type
Variable Annuity
Status
● Terminated
Sequence
2
Inception date
Jul 21, 2014
Closed date
May 16, 2016
DTCC Rider ID
—
Last modified
Sep 16, 2020
Life & Age
Based on life
Owner (or Annuitant if owner is a natural entity)
Single life
No
Joint life
No
Min age
—
Max age
—
Rider select rule
Optional
Waiting period
—
Waiting term
—
Benefit Base
Maximum benefit base
—
Maximum benefit base %
—
With reduce benefit base
—
Subsequent premium
Subsequent purchase payment will increase benefit base by dollar-for-dollar amount.
Partial withdrawals
Withdrawals will reduce benefit base in same proportion.
Required min distributions
Contact Issuer for details.
Coverage Flags
Exclude premium bonus
No
Spousal continuation option
Yes
Spousal continuation detail
Surviving spouse may elect to continue benefit after death of owner.
State Availability
Exception flag
No
Available in states
—
Benefit Description
Available during accumulation phase. Upon death of owner, benefit will be greatest of -1) contract value, 2) purchase payments adjusted for withdrawals, or 3) maximum anniversary value prior to the decedent's 81st birthday, increased by purchase payments made and reduced for withdrawals. Fee for the rider is based on greater of - a) purchase payments adjusted for withdrawals; or b) Maximum Anniversary Value on each contract anniversary. Issuer do not currently enforce the right to approve subsequent premium payments, except where a subsequent premium payment would result in total premium payments equaling or exceeding $1 million. Owner must select an Asset Allocation Program.
Lifecycle Events
Cancellation
Once elected may not be cancelled.
Termination
Once elected may not be terminated. Benefit automatically terminate upon earliest of - 1) change in ownership, 2) violation of rider investment restrictions.
Available when added
No longer available for new purchases.
Effect change ownership
Change in ownership will result in termination of rider.