CUSIP Number:
34628V755
CUSIP Name:
9 Year Annuity
Product Policy Type:
Fixed Annuity
Inception Date:
22 Sep 2025
Close Date:
CUSIP Note:
Scrap Book:
ForeCare is a single premium deferred annuity with Long-Term Care Benefits and may include a market value adjustment. The initial minimum contribution is $35,000 for Single and Joint (Standard and Premier), Net of any Optional rider charges if elected (state variations apply). 10% of the beginning of year Contract Value can be withdrawn each year without incurring Withdrawal Charges, except in any year where a full surrender occurs. Long term care benefit claims will reduce the amount available for the 10% Free Withdrawals. Systematic withdrawals are an option. Surrender charges nine years in duration (8,8,7,6,5,4,3,2,1) and are waived when Long-Term Care Benefits are payable for that covered Service under the following benefits: 1. The Home Health Care Services; 2. The Assisted Living Facility Services; 3. The Nursing Home Facility Services; or 4. The Bed Reservation Services. Withdrawals and taxable distributions may be subject to ordinary income tax and if made prior to age 59 1/2, may also be subject to a 10% federal income tax penalty. Early surrender charges may also apply. Guarantees based on claims paying ability of insurer. Products / features may not be available in all states. This is an annuity contract issued by an insurance company and not a bank product protected by the FDIC.
Last Modified:
21 Jan 2026 10:59