Forethought expands preneed solutions with new Preneed Imminent Annuity
Forethought Life Insurance Company has launched a new Preneed Imminent Annuity, expanding the preneed product solutions available to funeral homes. Preneed Imminent Annuity provides a compelling solution for funeral homes and their customers when a death is expected within a year. These customers can effectively plan their final arrangements and funeral homes avoid commission chargebacks due to first-year death. The annuity can also be issued for ages up to 105 years old.
“The Preneed Imminent Annuity demonstrates Forethought’s commitment to the success of our funeral home partners by providing an alternative solution when preneed life insurance is not an attractive option,” said John Walls, Senior Vice President of Sales for the Life Division.
In conjunction with the annuity launch, a new combination enrollment form, which supports the sale of both the annuity product and life insurance product, rolled out. The combination enrollment form is simplified to two pages with four health questions and allows payment via check, credit card or APA.
About Forethought Life Insurance Company
Forethought Life Insurance Company provides a full suite of annuities and a leading preneed life insurance platform to help solve the pre-retirement, retirement and end-of-life challenges facing Americans today. A targeted strategy delivers multifaceted product lines to customers through key distribution relationships across the country. Experienced leadership and financial discipline underlie strong growth and success in the marketplace. Forethought is a subsidiary of Global Atlantic Financial Group Limited, a multiline insurance and reinsurance company with over $30 billion in assets, 750 employees and 10 offices. Global Atlantic was founded at Goldman Sachs in 2004 and separated as an independent company in April of 2013.
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