Global Atlantic Financial Group

Global Atlantic is one of the largest fixed rate and fixed annuity providers in the country, serving over 2 million clients. Through its subsidiaries, Global Atlantic issues products for retirement, life and reinsurance to meet its customers’ needs for income, wealth accumulation and end-of-life financial expenses.

“At Global Atlantic, we are focused on delivering clear value to our customers with an enduring commitment to keep the promises we make,” according to the company website.

Global Atlantic was founded in 2004 as Goldman Sachs Reinsurance Group. It incorporated as a privately held company in 2013 under the name Global Atlantic Financial Group Limited. The organization acquired multiple business lines, and in 2016, all services and products were officially branded as Global Atlantic.

KKR & Co. Inc., a leading global investment firm, acquired approximately 60 percent of Global Atlantic in 2021. As a result, Global Atlantic now operates as a consolidated subsidiary of KKR.

Global Atlantic’s website says the company’s success “is driven by a unique heritage that combines deep product and distribution knowledge with leading investment and risk management capabilities, alongside a strong financial foundation.”

Not all annuity providers like Global Atlantic operate in the same way. Credit ratings are important for consumers to review prior to buying an annuity, as this scoring is a representation of the annuity company’s financial security.

Among four major crediting agencies, two have given Global Atlantic a stable outlook, and two have scored the company’s outlook as positive.

Global Atlantic issues a diverse range of annuity products. Two subsidiaries, Forethought Life Insurance Company and Commonwealth Annuity and Life Insurance Company, issue the annuities.

Fixed annuities offer a locked-in interest rate for your earnings. Global Atlantic offers two fixed annuity product lines: ForeCare, with long-term care benefits, and SecureFore, with three time frames for growth to choose from.

Variable annuities have the highest growth potential — and also carry the greatest risk — of all the annuity types. You can choose from nearly 100 underlying investments with Global Atlantic’s ForeInvestors Choice product.

The growth of these annuities can be credited in one of two ways: as a fixed interest rate with a specific interest percentage, or index-linked, with the earnings tied to the success of a market index such as the Standard & Poor’s 500 (S&P 500).

Global Atlantic’s ForeCertain income annuities guarantee payments for a set period or for your lifetime. You can begin receiving income right away or in the future.

The Global Atlantic website includes helpful guides and frequently asked questions for annuity and life insurance owners. Global Atlantic also offers assistance for clients financially impacted by the coronavirus disease (COVID-19) pandemic and guidance about the CARES Act as it relates to specific financial products.

Global Atlantic aims to match the right strategy to achieve your goals. Its products can help you grow your retirement savings, secure guaranteed income for life, provide protection for yourself and your loved ones, or leave a legacy.