Global Atlantic Announces Electronic Application Requirement for Fixed Rate Annuities
July 11 2023 - 6:30AM
Business Wire
Global Atlantic Financial Group (“Global Atlantic”), a leading
insurance company meeting the retirement and life insurance needs
of individuals and institutions, recently announced its transition
to the exclusive use of electronic applications for all multi-year
guaranteed fixed-rate annuity sales.
In an effort to continue driving the digital transformation of
both Global Atlantic and the industry as a whole, eApplications are
now required for all durations of the company’s SecureFore
fixed-rate annuity series. This change will be instrumental in
streamlining the user experience for Global Atlantic’s clients,
financial professionals and distribution partners through a faster,
simpler and more convenient process from application to contract
issuance.
“The move to eApplications is a tremendous step forward, not
only for Global Atlantic, but also for the industry at large,” said
Paula Nelson, Head of Strategic Growth, Individual Markets at
Global Atlantic. “We are committed to being a leader in the
modernization of the annuity industry to improve efficiency,
enhance financial professional and customer experiences, and drive
overall growth.”
Financial professionals at broker/dealers and Independent
Marketing Organizations (IMOs) may use Global Atlantic’s SnapApp
tool for their eApplications, including access to a variety of
helpful content, such as a how-to video, user guide, FAQ and
guidelines to make this transition as seamless as possible.
Financial professionals whose firms already provide eApplication
tools can continue to use these platforms to submit their
applications.
About Global Atlantic Global Atlantic Financial Group is
a leading insurance company meeting the retirement and life
insurance needs of individuals and institutions. With a strong
financial foundation and risk and investment management expertise,
the company delivers tailored solutions to create more secure
financial futures. The company's performance has been driven by its
culture and core values focused on integrity, teamwork, and the
importance of building long-term client relationships. Global
Atlantic is a majority-owned subsidiary of KKR, a leading global
investment firm. Through its relationship, the company leverages
KKR's investment capabilities, scale and access to capital markets
to enhance the value it offers clients. KKR's parent company is KKR
& Co. Inc. (NYSE: KKR).
Guarantees are based on the claims-paying ability of
Forethought Life Insurance Company.
SecureFore fixed annuities are issued by Forethought Life
Insurance Company, 10 West Market Street, Suite 2300,
Indianapolis, Indiana. Available in most states with contract
FA1101SPDA-01 and ICC17-FA1101SPDA-01 and rider forms FA4012-02,
ICC17-FA4012-02, FA4121-01, ICC20-FA4121-01, FA4051-01,
ICC17-FA4051-01, FA4052-01, ICC17-FA4054-01, ICC20-FANC-01,
FANHW-01, FATIW-01, and ICC20-FATI-01.
Products and features are subject to state variations and
availability. Read the contract for complete details.
Global Atlantic Financial Group (Global Atlantic) is the
marketing name for The Global Atlantic Financial Group LLC and its
subsidiaries, including Forethought Life Insurance Company and
Accordia Life and Annuity Company. Each subsidiary is responsible
for its own financial and contractual obligations. These
subsidiaries are not authorized to do business in New York.
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ICR GlobalAtlantic@icrinc.com (203) 682-8268 5782664.1
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