Christian Simmons, writer and researcher for RetireGuide
  • Written by
    Christian Simmons

    Christian Simmons

    Financial Writer

    Christian Simmons is a writer for RetireGuide and a member of the Association for Financial Counseling & Planning Education (AFCPE®). He covers Medicare and important retirement topics. Christian is a former winner of a Florida Society of News Editors journalism contest and has written professionally since 2016.

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    Savannah Pittle
    Savannah Pittle, senior financial editor for RetireGuide

    Savannah Pittle

    Senior Financial Editor

    Savannah Pittle is a professional writer and content editor with over 16 years of professional experience across multiple industries. She has ghostwritten for entrepreneurs and industry leaders and been published in mediums such as The Huffington Post, Southern Living and Interior Appeal Magazine.

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    Ebony J. Howard, CPA
    Ebony J. Howard, CPA

    Ebony J. Howard, CPA

    Credentialed Tax Expert at Intuit

    Ebony J. Howard is a certified public accountant and freelance consultant with a background in accounting, personal finance, and income tax planning and preparation.  She specializes in analyzing financial information in the health care, banking and real estate sectors.

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  • Published: April 4, 2023
  • Updated: October 25, 2023
  • 6 min read time
  • This page features 7 Cited Research Articles
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A qualified expert reviewed the content on this page to ensure it is factually accurate, meets current industry standards and helps readers achieve a better understanding of retirement topics.

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How to Cite's Article

APA Simmons, C. (2023, October 25). Global Atlantic Annuities: What You Need To Know Before You Buy. Retrieved May 18, 2024, from

MLA Simmons, Christian. "Global Atlantic Annuities: What You Need To Know Before You Buy.", 25 Oct 2023,

Chicago Simmons, Christian. "Global Atlantic Annuities: What You Need To Know Before You Buy." Last modified October 25, 2023.

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Key Principles

RetireGuide’s mission is to provide seniors with resources that will help them reach important financial decisions that affect their retirement. Our goal is to arm our readers with knowledge that will lead to a healthy and financially sound retirement.

We’re dedicated to providing thoroughly researched annuity information that guides you toward making the best possible financial decisions for you and your family.

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Key Takeaways
  • Global Atlantic is one of the largest fixed and fixed index annuity providers in the country.
  • Global Atlantic has ratings of “A-” by S&P Global Ratings, “A” by AM Best, “A” by Fitch and “A3” by Moody’s.
  • Global Atlantic offers four types of annuities: fixed, variable, fixed index and income annuities.

Global Atlantic Financial Group Company History

Global Atlantic was founded at Goldman Sachs in 2004 as Goldman Sachs Reinsurance Group. In 2005, it acquired Allmerica Life, rebranded as Commonwealth Annuity and Life and in 2011 started selling annuities.

In 2013, Goldman Sachs Reinsurance Group separated from Goldman Sachs and incorporated as an independent, privately held company under the name Global Atlantic Financial Group. It rebranded all products and services as Global Atlantic in 2016.

Global Atlantic became a majority-owned consolidated subsidiary of KKR & Co. Inc. in 2021 after the global investment firm acquired approximately 60% of the company’s shares.

You can contact Global Atlantic’s customer service department for annuity questions at one of three toll-free numbers. For contracts that start with a 5, 6, 7 or 8, call 866-645-2449. Online access is not available for these policies.

For contracts that start with 200, call 877-244-7526. Online access is not available for these policies, either.

For contracts that start with 408, 409 or 509, call 800-457-8803. You can get online access to help with these policies on the Global Atlantic website at its Contact Us page.

Global Atlantic’s Reputation and Financial Stability

Global Atlantic is one of the largest annuity providers in the United States, offering a variety of annuities and serving over 2 million people with insurance and retirement products. Global Atlantic says it focuses on delivering clear value to customers with an enduring commitment to keep its performance promises. The company has a place on Barron’s list of Best Annuities for Income and Growth.

Among the four major credit rating agencies, two give Global Atlantic a stable outlook while the other two rate the company outlook as positive.

RaterCredit RatingFinancial Strength Rating
AM BestAPositive (3rd of 15)
FitchAStable (6th of 21)
S&P Global RatingsA-Stable (7th of 21)
Moody’sA3Positive (6th of 21)
Source: AM Best, Fitch, Moody’s and S&P Global
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Annuity Products Offered by Global Atlantic

Global Atlantic, through its subsidiaries, offers a range of annuity products. All annuities are underwritten by either Commonwealth Annuity and Life Insurance Company or Forethought Life Insurance Company.

Fixed Annuities

Fixed annuities offer a fixed interest rate for your earnings. This type of annuity offers growth potential with no stock market losses.

Fixed Annuities by Global Atlantic
  • ForeCare
  • SecureFore

ForeCare helps customers defray long-term costs for qualified LTC expenses while getting fixed, guaranteed growth with no risk from the stock market. SecureFore provides fixed, guaranteed growth with no market-related risk over three-, five- and seven-year contracts.

Fixed Annuities

Variable Annuities

Variable annuities offer the highest tax-deferred growth potential and equally the greatest risk among the types of annuities based on your choice of professionally managed investments. There are approximately 100 underlying investments to choose from with Global Atlantic’s ForeInvestors Choice variable annuity product.

The variable annuity product that Global Atlantic sells is called ForeInvestors Choice.

Variable Annuities

Fixed Index Annuities

A fixed index annuity (FIA) offers growth potential for retirement savings without down market risk. Some FIAs provide a lifetime income paycheck. FIA growth comes in one of two ways — by being tied to a stock index, such as the S&P 500, or by being connected to a fixed interest rate.

Fixed Index Annuities by Global Atlantic
  • ForeAccumulation II
  • ForeIncome II
  • Income 150+ SE
  • Choice Accumulation II
  • Choice Income II
Fixed Indexed Annuities

Income Annuities

An income annuity provides a steady income stream for your basic expenses. You can structure them to pay out for a specific amount of time for the rest of your life. You can also choose to receive the income immediately or in the future.

The income annuity product offered by Global Atlantic is called ForeCertain.

Annuity Payouts & Payment Types

Common Global Atlantic Fees and Charges

Withdrawal charges and market value adjustments apply to amounts over the free withdrawal amount except on SecureFore. Market value adjustments refer to the potential fluctuation of the surrender value of the annuity product in response to market conditions. The free withdrawal amount is 10% of the beginning-of-year contract value. The withdrawal/surrender charges applicable thereafter differ from product to product and across different states.

There are no administrative charges attached to the annuity products. However, some products may be subject to IRS taxes and/or state charges. Global Atlantic aims to ensure that all customers understand the relevant charges and costs of its annuity products.

How Annuity Fees and Commissions Work

Contacting Customer Service

Global Atlantic has a longstanding record of excellent customer service. Although the official website contains limited information on products and services, it allows its customers to file claims over the phone, Monday to Friday from 8:30 a.m. to 6:00 p.m. EST. You can also ask questions over email, fax, mail or visit its offices for in-person consultations in Georgia, Iowa, Pennsylvania, New York, Massachusetts and Connecticut.

Existing Global Atlantic annuity customers can log into their accounts at Global Atlantic Financial Group’s client login page. Or they can call an annuity service center at 866-645-2449. Some annuity contracts aren’t available online. The company doesn’t offer online chat sessions.

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Frequently Asked Questions

What are the minimum and maximum investment amounts for Global Atlantic annuities?
The amount you invest in an annuity depends on the type of annuity you have and the goals you want to achieve. The minimum investment amount for SecureFore annuity is $10,000. The maximum is $1 million.
How does Global Atlantic compare to other annuity providers in terms of rates and fees?
Global Atlantic ranks as one of the leading annuity providers in the country with its range of annuities and its variety of products. The company is on Barron’s list of Best Annuities for Income and Growth.
What is the process for setting up a Global Atlantic annuity?
Setting up a Global Atlantic annuity starts with assessing your current and future financial needs and income objectives. You can purchase your annuity of choice with a single payment or through a series of payments. A Global Atlantic annuity representative can help you through the process.
Last Modified: October 25, 2023

7 Cited Research Articles

  1. Business Wire. (2022, August 16). Global Atlantic Announces $10 Billion Group Annuity Reinsurance Agreement With Equitable. Retrieved from
  2. Hube, K. (2022, July 22). The Best Annuities for Income and Growth. Retrieved from
  3. Global Atlantic Financial Group. (2022, May 2). Commonwealth Annuity and Life Insurance Company Separate Account VA-K. Retrieved from
  4. Global Atlantic Financial Group. (2022.). Barron’s names Global Atlantic among 100 Best Annuities for Income and Growth. Retrieved from
  5. Business Wire. (2021, March 31). AM Best Revises Issuer Credit Rating Outlook to Positive for Global Atlantic Financial Group Limited and Its Subsidiaries. Retrieved from
  6. Global Atlantic Financial Group. (2020). Annuity Product Reference Guide. Retrieved from
  7. Global Atlantic Financial Group. (n.d.). Meet Global Atlantic. Retrieved from