NEW YORK--(BUSINESS WIRE)--Global Atlantic Financial Group announced that it has joined the Alliance for Lifetime Income as a founding member. The coalition brings together 24 of the nation’s leading financial services organizations with a common goal of raising awareness around lifetime income solutions for Americans.
Global Atlantic has long been committed to providing education and products that can simplify the conversation around the need for lifetime income from annuities to help protect the financial future of Americans.
“We are proud to be one of the founding members of the alliance. There is no question that a retirement crisis is gripping America and leading financial organizations are banding together to create a call to action on the need to help rectify this,” said Paula Nelson, President, Retirement, Global Atlantic. “Annuities have had a reputation of being confusing and misunderstood. By providing simplified messages and education, we can take a big step in helping people understand the benefit annuities can provide for a lifetime of income planning.”
Global Atlantic will participate in the Alliance's multi-faceted, multi-year educational program that will offer thought leadership, research and expert tools for consumers and financial advisors on the need for including protected lifetime income from solutions such as annuities within a comprehensive retirement plan.
To learn more about the Alliance for Lifetime Income’s resources, go to http://www.RetireYourRisk.org.
About Global Atlantic Financial Group
Global Atlantic Financial Group, through its subsidiaries, offers a broad range of retirement, life and reinsurance products designed to help our customers address financial challenges with confidence. A variety of options help Americans customize a strategy to fulfill their protection, accumulation, income, wealth transfer and end-of-life needs. In addition, Global Atlantic offers custom solutions and responsive service for the capital, risk and legacy-business management of life and annuity insurance companies.
Global Atlantic was founded at Goldman Sachs in 2004 and separated as an independent company in 2013. Its success is driven by a unique heritage that combines deep product and distribution knowledge with insightful investment and risk management capabilities, alongside a strong financial foundation of over $60 billion in assets as of March 31, 2018.
About the Alliance for Lifetime Income
The Alliance for Lifetime Income, based in Washington, D.C., is a nonprofit 501(c)(6) organization formed and supported by some of the nation’s leading financial services organizations, to create awareness and educate Americans about the importance of protected lifetime income. The Alliance is focused on helping to educate Americans on the risk of outliving their savings so they can enjoy their retirement lives. The Alliance provides consumers and financial advisors with the educational resources, tools and insights they can use to build plans for protected retirement income. For more information about the Alliance, visit www.AllianceForLifetimeIncome.org.
Global Atlantic Financial Group (Global Atlantic) is the marketing name for Global Atlantic Financial Group Limited 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.
Annuities are issued by Forethought Life Insurance Company, 10 West Market Street, Suite 2300, Indianapolis, Indiana. Variable annuities are underwritten and distributed by Global Atlantic Distributors, LLC.
This material is authorized for distribution only when accompanied or preceded by a prospectus for the annuities being offered. The prospectus contains investment objectives, risks, fees, charges, expenses, and other information regarding the variable annuity contract and the underlying investments, which should be considered carefully before investing. You should read the prospectus carefully before investing money.