ATTORNEY NEWSLETTER
Forethought Variable Annuities
California annuity attorneys at Evans Law Firm Inc. represent clients who have suffered losses on all types of annuity contracts, including variable and fixed indexed annuities. Forethought Life Insurance Company through Global Atlantic its underwriter and distributor issues variable and fixed indexed annuities under the product names ForeRetirement, ForeInvestors Choice, Advantage IV, Preferred Plus, Horizon, ForeAccumulation, ForeIncome, and Income 150+. Each of these products may charge penalties on surrenders. Surrenders may be full (withdrawing the entire value of the contract) or partial (withdrawing less than the total value). If you or a loved one is a California resident over age 60 who made a full or partial surrender of a Forethought Life Insurance Company variable or fixed indexed annuity call the Evans Law Firm, Inc. (415) 441-8669 for a free evaluation of your policy including all the terms of any full or partial surrender, and penalties and other charges, fees, and/or adjustments.
Surrender Charges
California law provides very specific sales and marketing, disclosure, and suitability laws for senior policyholders in the State. In particular, annuity carriers such as Forethought Life Insurance Company must follow very specific disclosure rules regarding surrender charges and market value adjustments when the policyholder is over age 60. If you are a California resident over age 60 who surrendered in full or in part a Forethought Life Insurance Company annuity, call Evans Law Firm Inc. today at 415-441-8669 for a free review of your particular policy.
The Forethought Life Insurance Company/Global Atlantic variable and fixed indexed annuities are complex and fees and charges may erode returns. Fees and expenses on Forethought annuities, similar to other carriers, include upfront sales commissions, rider fees, separate account fees on indexed policies, death benefit fees, and subaccount fees for each of the mutual funds that are inside of the annuity. In addition, you may be charged for any full or partial surrender or withdrawal from the policy for many years.
Contact Us
If you or a loved one is a California resident over age 60 who surrendered a Forethought Life Insurance Company/Global Atlantic annuity, contact California annuity attorney Ingrid Evans and the other annuity attorneys at the Evans Law Firm for a free evaluation of your policy and surrender at (415) 441-8669, or by email at <a href=”mailto:info@evanslaw.com”>info@evanslaw.com</a>. Our attorneys have experience with complex financial contracts including life insurance and annuity contracts. We can help guide any litigation through a jury trial or toward an equitable settlement. We also handle cases involving physical and financial elder abuse, qui tam and whistleblower law, nursing home abuse, whole life insurance and universal life insurance, and indexed, variable, and fixed annuities.
Other major annuity and life insurance providers in California are listed below. We do not suggest in any way that any carrier, including Forethought Life Insurance Company/Global Atlantic, has done anything wrong. Rather the list is provided solely for our readers’ convenience.
Allianz Life Insurance Company of North America
American General Life Insurance Company
American Equity Investment Life Holding Company
AXA Equitable Life Insurance
Bankers Life Insurance and Casualty Company
EquiTrust Life Insurance Company
Fidelity & Guaranty Life Insurance Company
Genworth Life Insurance Company
ING USA Annuity and Life Insurance Company
John Hancock Life Insurance Company
Lincoln Financial Group/Lincoln National Life Insurance Company
MassMutual/Massachusetts Mutual Life Insurance Company
Metlife/Metropolitan Life Insurance Company
Pacific Life Insurance Company
Prudential Life Insurance Company
Security Benefit/Security Benefit Life Insurance Company
Transamerica Life Insurance Company
Unum Life Insurance Company of America
Voya/Reliastar
