ForeCare gives you more for your LTC needs.
You either get double your contract value for your qualified LTC expenses. 1,2,3
…or triple. It’s all based on your approval. 1,2,3
And your spouse may take withdrawals for LTC costs too. 5
Long-term care (LTC) is for help with things you do every day (like getting out of bed, cooking, or getting dressed) that you can’t do because of a health issue. But LTC may cost you a small fortune. A home health aide alone may run you $31,680 a year. 6 Before you think your savings, general health insurance or even Medicare or Medicaid will cover your LTC needs, watch this video to see if you have any gaps in your strategy and how a product like ForeCare can help fill them.
ForeCare may double or triple your money for qualified LTC expenses. 1,2,3 For example, a one-time premium payment of $150,000 can mean $300,000 to $450,000 for qualifying LTC expenses on the very first day your ForeCare contract value takes effect. 7
With ForeCare, you and your spouse can take withdrawals for your LTC care expenses at the same time or separately if and when long-term care is needed.
Plus, unlike traditional LTC products, any remaining contract value not used for LTC expenses (or withdrawn for other purposes) can be passed to beneficiaries as a death benefit.
Seriously. The average ForeCare application process takes 30 minutes over the phone to find out if you qualify and are approved at:
Talk to your financial professional about ForeCare today and share this page when you do.
1 The ForeCare Multiplier provides two or three times (depending on underwriting eligibility) the amount of contract value in long-term care coverage to spend on qualified long-term care expenses. Benefits are subject to a maximum monthly benefit. The additional coverage in excess of the Contract Value is only available to use for a qualified long-term care benefit and will not become part of the contract value or the death benefit. Withdrawals, other than for qualified long-term care expenses, will adversely affect the amount of coverage for long-term care benefits in the future.
2 Initial premium in CA.
3 There is a monthly cost associated with the long-term care benefits rider, which is based on the insured's issue age. Your contract value at month-end is never reduced below the contract value at the prior month-end (less any applicable withdrawals) due to the cost for the long-term care benefits rider.
5 Provides qualifying spouses with a joint benefit for long-term care needs. The joint benefit allows both couples to take withdrawals for LTC care needs either simultaneously or separately if and when long-term care is needed.
6 Cost of Care," https://longtermcare.acl.gov/costs-how-to-pay/costs-of-care.html. Costs are based on 12, 30-day monthly periods at four hours a day.
7 There is an elimination period of 90 days of covered care within 270 consecutive days.
This material is intended to provide educational information regarding the features and mechanics of the product and is intended for use with the general public. It should not be considered, and does not constitute, personalized investment advice. The issuing insurance company is not an investment adviser nor registered as such with the SEC or any state securities regulatory authority. It’s not acting in any fiduciary capacity with respect to any contract and/or investment.
Guarantees are based on the claims-paying ability of Forethought Life Insurance Company and assume compliance with the product’s benefit rules, as applicable.
ForeCare fixed annuity is issued by Forethought Life Insurance Company, 10 West Market Street, Suite 2300, Indianapolis, Indiana. Available in most states with contract FA1101SPDA-01 (certificate series GA1101SPDA-01, as applicable) with Rider for Long-Term Care Benefits Form LTC2000-01, Optional Inflation Protection Benefit Rider Form LTC2001-01 and Optional Nonforfeiture Benefit Rider Form LTC2002-01 (certificate series LTCG2000-01, LTCG2001-01 and LTCG2002-01, as applicable). This is a solicitation of Long-Term Care insurance.
Products and features are subject to state and firm 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 Accordia Life and Annuity Company, Commonwealth Annuity and Life Insurance Company, Forethought Life Insurance Company and Global Atlantic Re Limited. Each subsidiary is responsible for its own financial and contractual obligations. These subsidiaries are not authorized to do business in New York.
Marketing materials may not be available for use in all states, including but not limited to Connecticut, Georgia, and Mississippi. Not construed as an offer for solicitation until your state has approved the product and the referenced marketing materials.
Not a bank deposit. Not FDIC/NCUA Insured. Not insured by any federal government agency. No bank guarantee. May lose value. Not a condition of any banking activity.
