DES MOINES, Iowa–(BUSINESS WIRE)–Global Atlantic Banking Group today launched Lifetime Foundation ELITE, a new indexed accepted activity allowance artefact for individuals gluttonous simple, affordable and defended afterlife account guarantees. Lifetime Foundation ELITE provides a simple admission to activity allowance with a afterlife account guarantee. Assuming minimum exceptional requirements accept been met, the afterlife account of the action can be affirmed up to the beforehand of age 90, or 40 years, depending on the insured’s underwriting class. With a afterlife account agreement up to age 90, the accident of outliving the agreement can be beneath significantly, which helps to allay apropos generally associated with IUL products.
“We accept that audience are attractive for articles that action guarantees to activity expectancy, active allowances and lifestyle-focused features,” said David Wilken, President, Life, at Global Atlantic. “Life allowance is an basic allotment of banking planning during one’s lifetime, and accepting the abundance that your action will be there back your audience charge it is imperative.”
Lifetime Foundation ELITE offers customizable riders to advice audience body a action that fits their needs. Options accommodate an Accelerated Admission Accession (“AAR”), enabling audience to admission a allocation of their policy’s afterlife account in the accident of a abiding or analytical illness. AAR is not accessible in California. In addition, the Terminal Affliction Accelerated Afterlife Account Accession helps by accouterment an dispatch of a allocation of the policy’s afterlife account up advanced to abetment with bloom costs and added costs in the accident of a terminal illness.
Also accessible is a Wellness for Life® Rider, which provides rewards for practicing advantageous habits, ultimately extenuative audience a abundant bulk of money on their policy. Wellness for Activity ® was the aboriginal Wellness accession alien as allotment of a activity allowance policy.
Articles not accessible in New York. Accession availability varies by state.
Lifetime Foundation ELITE is issued by and all action allowances are the albatross of Accordia Activity and Accomplishment Company, 215 10th Street, Des Moines, Iowa. Accordia Activity is a accessory of Global Atlantic Banking Group Limited. Action forms ICC17-IULC-C18, IULC-C18 Accession forms ULWL-E14, ICC16-LCCABR-I16 or LCCABR2-I16
Global Atlantic Banking Group (Global Atlantic) is the business name for Global Atlantic Banking Group Limited and its subsidiaries, including Accordia Activity and Accomplishment Aggregation and Forethought Activity Allowance Company. Each accessory is amenable for its own banking and acknowledged obligations.
About Global Atlantic Banking Group
Global Atlantic Banking Group, through its subsidiaries, offers a ample ambit of retirement, activity and reinsurance articles advised to advice our barter abode banking challenges with confidence. A array of options advice Americans adapt a action to accomplish their protection, accumulation, income, abundance alteration and end-of-life needs. In addition, Global Atlantic offers custom solutions and acknowledging account for the capital, accident and legacy-business administration of activity and accomplishment allowance companies.
Global Atlantic was founded at Goldman Sachs in 2004 and afar as an absolute aggregation in 2013. Its success is apprenticed by a different ancestry that combines abysmal artefact and administration ability with astute advance and accident administration capabilities, alongside a able banking foundation of over $60 billion in assets as of March 31, 2018.
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