Global Atlantic Income 150

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Income 150+ SE Fixed Index Annuity Issued by Forethought Life Insurance Company

Give your retirement a boost. Income 150+ SE fixed index annuity builds guaranteed lifetime income from day one.

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

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(05-24) 3500175

As you’re nearing retirement, exposing your retirement savings to market losses may be unnerving. Give your retirement savings a boost instead. Income 150+ SE fixed index annuity builds guaranteed lifetime income from day one with down market protection.

What is a fixed index annuity (FIA)?

• An FIA is a long-term savings vehicle that oers tax-deferred potential growth that may be linked to a market index (or indices). • FIAs are insurance contracts, not registered securities or stock market investments – you’re never invested in the index itself with an FIA.

• FIAs (like Income 150+) typically feature downside market protection.

• An FIA may help oset the ups and downs of equities (like mutual funds) in a retirement strategy.

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Income 150+ FIA the basics

Generates guaranteed income with predictable growth Income 150+ FIA helps build a stream of guaranteed lifetime income 1 with steady growth 2 to the contract.

Personalized growth potential You are given the option to grow your money through a broad array of index-linked interest crediting strategies as well as a fixed rate strategy.

Down market protection No matter how you choose to potentially grow your money, negative market performance will never reduce it.

Additional income for a qualified healthcare need Income 150+ FIA oers the optional Income Enhancement Benefit, 3 at no additional cost, 6 that doubles your guaranteed annual income amount for up to five years. 4,5

Guarantees are based on the claims-paying ability of Forethought Life Insurance Company and assumes compliance with the product’s benefit rules, as applicable.

1 Assuming no excess withdrawals. Early withdrawal charges and Market Value Adjustments (MVA) may apply. Withdrawals may reduce any optional guaranteed amounts in an amount more than the amount of the withdrawal. 2 The income benefit is included on date of issue for an annual charge of 1.20% of the Withdrawal Base at the end of each contract year deducted from the contract value. Cost may vary by Withdrawal Charge Period. The Withdrawal Base is a separate numerical value used to help determine the amount of future income. It is not available for cash surrender or as a death benefit. 3 State and firm variations may apply. The Rider is not long-term care insurance and is not intended to replace such coverage. It is referred to as the Annual Payment Accelerator Rider in the contract. 4 The benefit is available only if your contract value is above the minimum allowed under the Income Enhancement Benefit. 5 Once the Income Enhancement Benefit period ends, a new benefit period is no longer available. The Income Enhancement Benefit may be used only one time per contract. 6 While certain included features may have no explicit cost, a product with built-in rider features may oer higher or lower strategy parameters on applicable index strategies, such as index caps, than products that don’t have these built-in features.

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How does Income 150+ FIA work?

Your Income 150+ FIA may grow your future guaranteed income through two different buckets: the contract value and the Withdrawal Base.

The contract value is the annuity account balance that may grow through your choice of a broad array of index linked interest crediting strategies. It is also, less any applicable charges, the surrender value, which is the money you can walk away with should you decide to cancel, or “surrender” the annuity. 1 The Withdrawal Base is a value that will help determine your guaranteed income amount. This bucket grows 2 predictably over the years through several increases prior to activating your guaranteed income. 3 Both the contract value and the Withdrawal Base grow with downside protection, meaning your values are locked in and can never decline due to poor market performance.

Contract Value 4

Withdrawal Base 5

Year

THIS HYPOTHETICAL IS NO GUARANTEE OF FUTURE RESULTS. ACTUAL RESULTS WILL VARY.

1 A withdrawal charge and MVA may be incurred if you withdraw all or a portion of your money during the withdrawal charge period. 2 The income benefit is included on date of issue for an annual charge of 1.20% of the Withdrawal Base at the end of each contract year deducted from the contract value. The Withdrawal Base is a separate numerical value used to help determine the amount of future income. It is not available for cash surrender or as a death benefit. 3 Income Boosts, also known as Deferral Bonuses, are based on premium paid, adjusted for withdrawals, and credited to the Withdrawal Base, reduced for any withdrawal in proportion to the reduction in contract value. An annuity that provides bonus or multiplier features may oer higher or lower strategy parameters on applicable index strategies, such as index caps, than a product that doesn’t oer those features. Over time and under certain scenarios, the amount of the bonus or multiplier may be oset by these dierences. 4 Contract value figures are reflective of an index-linked strategy selection and guaranteed income deferred at least 10 years. 5 Withdrawal Base figures assume no withdrawals and reflective of income being deferred for at least 10 years.

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How to boost your income for sooner or later

Income 150+ FIA, grows your Withdrawal Base through steady, predictable bonuses called Income Boosts, 1,2,3 — so you can just relax and watch your Withdrawal Base grow, whether you need income sooner or later.

Let’s walk you through a scenario to help explain how Income Boosts work.

Meet Scott Scott is nearing retirement at age 67. He’s interested in giving his retirement savings a boost by purchasing Income 150+ FIA with a $100,000 initial premium. He’s not sure if he’d like to start receiving guaranteed income sooner or later, so he’s examining both options.

1 The income benefit is included on date of issue for an annual charge of 1.20% of the Withdrawal Base at the end of each contract year deducted from the contract value. Cost may vary by Withdrawal Charge Period. The Withdrawal Base is a separate numerical value used to help determine the amount of future income. It is not available for cash surrender or as a death benefit. 2 Income Boosts, also known as Deferral Bonuses, are based on premium paid, adjusted for withdrawals, and credited to the Withdrawal Base, reduced for any withdrawal in proportion to the reduction in contract value. 3. Each boost value assumes income has not started and withdrawals have not been made. The Withdrawal Base and Income Boosts are not available on cash surrender or as death benefits.

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If Scott needs income sooner

…or later

Scott’s contract receives Income Boosts beginning on day ONE .

If Scott decides to defer his guaranteed income for at least 10 years from his purchase date, his Withdrawal Base may receive the largest Income Boost. This lncome Boost is credited on day one of year 10 , equaling 150% 2 of all the interest credits he may have earned for the first nine years of his annuity contract (adjusted for withdrawals). 3 For example, if Scott earned $50,000 in interest credits during years one through nine, he would receive a $75,000 Income Boost at the beginning of year 10, totaling $125,000 credited to his Withdrawal Base within 10 years. After year 10, Scott would have fully maxed out his Income Boost potential, but again, his contract value may continue to grow even after activating his guaranteed lifetime income.

His first Income Boost is a 20% boost credited to Scott’s Withdrawal Base, based on his initial purchase amount. In other words, Scott’s initial purchase of $100,000 1 would result in a $120,000 1 Withdrawal Base on the very first day of the contract! Then, on day one of the contract year for the next four years , Scott would receive additional 7.5% Income Boosts based on his original purchase amount, assuming no withdrawals. In Scott’s case, he would receive $7,500 1 each year for four years, totaling in $30,000 1 credited to his Withdrawal Base. At any point, Scott can opt to activate his guaranteed lifetime income. However his Withdrawal Base will no longer increase and he is no longer eligible to receive additional Income Boosts. Scott’s contract value may continue to grow even after activating his guaranteed lifetime income.

$100,000 initial premium

Income Boost

Withdrawal Base

150% 1

7.5%

Day One Year 10

Day One Year 5

20%

Day One Year 4

Day One Year 3

Day One Year 2

Years 6-9

Day One

$135,000 + $7,500 $142,500

$150,000 + $75,000 $225,000 1 1

$100,000 +$20,000 $120,000

$120,000 + $7,500 $127,500

$127,500 + $7,500 $135,000

$142,500 + $7,500 $150,000

$150,000

Delay Income

Early Income

THIS HYPOTHETICAL IS NO GUARANTEE OF FUTURE RESULTS. ACTUAL RESULTS WILL VARY.

1 This amount is hypothetical and is shown for illustration only. 2 Year 10 Deferral Bonus is 150% of interest earned on the contract value, reduced proportionately for any withdrawals, during years one through nine. 3 Deferral Bonuses are only available prior to income activation, referred to as the Activation Date in the contract. Withdrawals reduce income growth when taken prior to income activation.

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Personalize your contract value's growth potential

Watching the market can be stressful, especially when you’re nearing retirement. Income 150+ FIA has the potential to grow your money, tax-deferred with downside protection, so you’ll never lose your growth due to poor market performance.1

Income 150+ FIA offers a variety of interest-crediting strategies to confidently grow your contract value knowing your gains are locked in. Those strategies are:

• A strategy for steady growth: Income 150+ FIA’s fixed rate crediting strategy can help you grow your contract value tax-deferred at a competitive annual fixed rate.

• Strategies for more growth potential: The interest your contract value may earn can be linked to the performance of an index, such as the S&P 500®, or your choice from several other indices. Based on the index crediting option selected and the interest credited throughout the first nine contract years, your potential to generate larger income payments may increase as well.

Contract Value 2

Year

THIS HYPOTHETICAL IS NO GUARANTEE OF FUTURE RESULTS. ACTUAL RESULTS WILL VARY.

Rates are set at the discretion of the Company and current rates are not indicative of future rates the Company may declare. These rates will never be less than the Minimum (or greater than maximum for spreads) Guaranteed Annual Interest Rate described in the contract.

Guarantees provided are subject to the financial strength of the issuing insurance company; not guaranteed by any bank or the FDIC. 1 The income benefit is included on date of issue for an annual charge of 1.20% of the Withdrawal Base at the end of each contract year deducted from the contract value. The Withdrawal Base is a separate numerical value used to help determine the amount of future income. It is not available for cash surrender or as a death benefit. 2 Contract value figures are reflective of an index-linked strategy selection.

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Starting your "retirement paycheck"

With Income 150+ FIA, not only do you decide how to grow your money, but you also decide at what age to activate your guaranteed lifetime income and whether you’d like to cover your life or your life and your spouse’s. When you do activate your income, you’re guaranteed a percentage of your Withdrawal Base annually that is based on your age and whether you choose single or joint-life income. Here are the percentages 1

Income Age

Single Life

Joint Life

Income Age

Single Life

Joint Life

7.20%

6.70%

4.90%

4.40%

7.30%

6.80%

4.95%

4.45%

7.40%

6.90%

5.00%

4.50%

7.50%

7.00%

5.05%

4.55%

7.60%

7.10%

5.10%

4.60%

7.70%

7.20%

5.15%

4.65%

7.80%

7.30%

5.35%

4.85%

7.90%

7.40%

5.55%

5.05%

8.00%

7.50%

5.75%

5.25%

8.10%

7.60%

5.95%

5.45%

8.20%

7.70%

6.15%

5.65%

8.30%

7.80%

6.30%

5.80%

8.40%

7.90%

6.45%

5.95%

8.50%

8.00%

6.60%

6.10%

8.50%

8.00%

6.75%

6.25%

8.50%

8.00%

6.90%

6.40%

8.50%

8.00%

7.00%

6.50%

90+

8.50%

8.00%

7.10%

6.60%

Guarantees provided are subject to the financial strength of the issuing insurance company; not guaranteed by any bank or the FDIC. 1 Lifetime Withdrawal Percentages eective 05/20/2024. Rates are subject to change. Joint-life income is based on the younger age on the income start date.

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How is the guaranteed lifetime income payout calculated? Let’s put this all together to show you how your guaranteed lifetime income amount is calculated. When you choose to start receiving your guaranteed income, the amount is calculated using these three factors: • the age at which you’d like to start receiving your guaranteed income, 1,2

Ready to activate your guaranteed lifetime income? You only have to make two decisions: 1. When you’d like to start receiving lifetime income. 2. If the lifetime income will be paid to just yourself, or to both yourself and your spouse.

• the amount your Withdrawal Base has grown to,

• and whether you elect to receive guaranteed income for yourself or for both yourself and your spouse.

Imagine this: Let’s continue Scott’s story. He had purchased Income 150+ FIA at

6.60% $150,000 Years x

$150,000 Years

At age 72 , Scott’s Withdrawal Base has grown to $150,000 and he’s decided to activate his guaranteed income. He elects to receive joint-lifetime income so that he and his spouse, Linda, will receive a paycheck for life. 1

Based on the lifetime withdrawal percentages

That means that even after Scott’s passing, Linda can keep receiving that same $9,900 every year for the rest of her life. 1 If they both should pass, Scott and Linda’s beneficiaries can receive

found on page 8 , Scott and Linda would receive 6.60% 2 of his $150,000 Withdrawal Base – or $9,900 – every year for life.

the remainder of the contract value, if any. 1

Guarantees provided are subject to the financial strength of the issuing insurance company; not guaranteed by any bank or the FDIC.

1 Assuming no excess withdrawals. Early withdrawal charges and Market Value Adjustments (MVA) may apply. Withdrawals may reduce any optional guaranteed amounts in an amount more than the amount of the withdrawal. 2 Lifetime Withdrawal Percentages eective 05/20/2024. Rates are subject to change. Joint-life income is based on the younger age on the income start date.

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Additional income for the unpredictable

• The benefit may only be elected after guaranteed income has been activated. 3,4 • You must be certified by a licensed healthcare practitioner as being unable to perform at least two of the six Activities of Daily Living (ADLs) to be eligible for the Income Enhancement Benefit. 5 • Once the benefit period ends, you return to receiving the original guaranteed income amount for the rest of your life. 6

The Income Enhancement Benefit , 1,2 if selected, will double your guaranteed lifetime income for up to five years should you or your spouse face a qualifying healthcare need 3 – included at no additional cost.

Here are the details:

• The Income Enhancement Benefit is an optional benefit available for both single and joint lifetime income. • You must be 75 or younger at the time of the Income 150+ FIA purchase.

age 67 and has now decided to activate his guaranteed lifetime income at age 72.

$9,900 $19,800 2 Years x

$19,800

$9,900

While Linda recovers over the course of the next five years, Scott and Linda receive $99,000 in total. That is an extra $49,500 that may be used to help afford their unforeseen healthcare expenses. At the end of the Income Enhancement Benefit period, Scott and Linda return to receiving their annual income payments of $9,900 for the rest of their lives . 6

One year after Scott and Linda activated

Next, Scott and Linda visit their licensed healthcare practitioner where they certify that Linda is unable to perform at least two of the six ADLs. Knowing there will likely be new healthcare expenses, they decide to activate the Income Enhancement Benefit , 3 at no extra cost, providing them with $19,800 each year for up to five years. 5

their guaranteed lifetime income, 3,4 unfortunately, Linda experiences an unexpected health setback.

Six Activities of Daily Living (ADLs)

• Bathing • Eating • Continence

• Dressing • Transferring • Toileting

1 State and firm variations may apply. The Rider is not long-term care insurance and is not intended to replace such coverage. It is referred to as the Annual Payment Accelerator Rider in the contract. 2 The benefit is available only if your contract value is above the minimum allowed under the Income Enhancement Benefit. 3 The contract value must exceed the greater of a) the Minimum Contract Value; and b) the doubled Lifetime Annual Payment (LAP) at the time of activation and on each Contract Anniversary in order to exercise/continue the benefit or else it will be terminated. 4 There is a one-year waiting period and a 90-day elimination period prior to receiving benefits. 5 Recertification by a healthcare professional is required prior to years three, four, and five, if applicable. 6 Once the Income Enhancement Benefit period ends, a new benefit period is no longer available. The Income Enhancement Benefit may be used only one time per contract.

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How do you continue to receive guaranteed income for life?

When you start receiving income, guaranteed lifetime income payments come from the contract value, not the Withdrawal Base. As long as you don’t take excess withdrawals, your income never goes down due to receiving lifetime income payments, even if your contract value is depleted.

Here’s how:

Your guaranteed income amount is calculated using your Withdrawal Base amount. So, this can never be reduced due to receiving guaranteed lifetime income payments.

Your income comes from your contract value. As you continue to receive your guaranteed lifetime income, your contract value will reduce. However, even when it does deplete, you will still continue to receive guaranteed lifetime income.

Withdrawal Base

Contract Value

Guarantees provided are subject to the financial strength of the issuing insurance company; not guaranteed by any bank or the FDIC.

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Advantages of Income 150+ FIA

Income Boosts generate guaranteed income With Income 150+ FIA’s Income Boosts, 1 you can predictably grow your Withdrawal Base into a stream of guaranteed income.

Your contract grows with downside protection Any interest credited to your contract can never be reduced due to negative market performance.

You choose single or joint-lifetime income at the time of activating income Life happens. That’s why we give you the option to receive lifetime income for either yourself or your spouse – not at the beginning of the contract but when you opt to start receiving your guaranteed income.

You can pass on a legacy Your beneficiaries may receive any remaining funds from your contract value as a death benefit.

1 Income Boosts, also known as Deferral Bonuses, are based on premium paid, adjusted for withdrawals, and credited to the Withdrawal Base, reduced for any withdrawal in proportion to the reduction in contract value.

Guarantees provided are subject to the financial strength of the issuing insurance company; not guaranteed by any bank or the FDIC.

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A partner for your financial future

With Global Atlantic, you can be confident your financial goals come first. We are proud to have served millions of consumers who have placed their retirement savings with us. We strive to help protect them and their families’ financial futures. Top reasons to potentially grow your retirement portfolio with Global Atlantic • Diversified business with a U.S. focus • An industry-leading investment and risk management firm • Strong financial foundation and flexible capital model

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For more information, please visit globalatlantic.com

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globalatlantic.com

Global Atlantic Financial Group

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 wholly-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 oers clients. KKR's parent company is KKR & Co. Inc. (NYSE: KKR).

This material is intended to provide educational information regarding either the features and mechanics of the product or for general reference/education 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 provided are subject to the financial strength of the issuing insurance company; not guaranteed by any bank or the FDIC.

A fixed index annuity is intended for retirement or other long-term needs. It is intended for a person who has sufficient cash or other liquid assets for living expenses and other unexpected emergencies, such as medical expenses. A fixed index annuity is not a registered security or stock market investment and does not directly participate in any stock or equity investments or index. If you are purchasing a fixed index annuity through a tax-advantaged retirement plan such as an IRA, you will receive no additional tax advantage from a fixed index annuity. Under these circumstances, you should only consider buying a fixed index annuity if it makes sense because of the annuity’s other features, such as lifetime income payments and death benefit protection. Taxable distributions (including certain deemed distributions) are subject to ordinary income taxes, and if made prior to age 59½, may also be subject to a 10% federal income tax penalty. Distributions received from a non-qualified contract before the Annuity Commencement Date are taxable to the extent of the income on the contract. Payments from IRAs are taxable in accordance with the normal rules surrounding taxation of payments from an IRA. Early surrender charges may also apply. Withdrawals will reduce the death benefit and any optional guaranteed amounts in an amount more than the actual withdrawal. This information is written in connection with the promotion or marketing of the matter(s) addressed in this material. The information cannot be used or relied upon for the purpose of avoiding IRS penalties. These materials are not intended to provide tax, accounting or legal advice. As with all matters of a tax or legal nature, you should consult your tax or legal counsel for advice. The “S&P 500 ® Index” is a product of S&P Dow Jones Indices LLC or its affiliates (“SPDJI”) and has been licensed for use by Forethought Life Insurance Company. Standard & Poor’s® and S&P® are registered trademarks of Standard & Poor’s Financial Services LLC (“S&P”); Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”); and these trademarks have been licensed for use by SPDJI and sublicenses for certain purposes by Forethought Life Insurance Company. Forethought Life Insurance Company’s products are not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, S&P, their respective affiliates and none of such parties make any representation regarding the advisability of investing in such product(s) nor do they have any liability for any errors, omissions, or interruptions of the S&P 500® Index.

Indices are not available for direct investment.

Income 150+ SE fixed index annuity is issued by Forethought Life Insurance Company , 10 West Market Street, Suite 2300, Indianapolis, Indiana. Income 150+ is available in most states with Contract FA1801SPDA-01 and ICC17-FA1801SPDA-01 and rider forms FA4101-01, ICC17-FA4101-01, FA4106-01, ICC17-FA4106-01, FA4107-01, ICC17-FA4107-01, FA4108- 01, ICC17-FA4108-01, FA4109-01, ICC17-FA4109-01, FA4110-01, ICC17-FA4110-01, RA23-WCW-01, ICC23-RA23-WCW-01, FA4111-01, ICC17-FA4111-01, FA4112-01, ICC17-FA4112-01, RA23-GLWB4-01, ICC23-RA23-GLWB4-01, FA4115-01, ICC17-FA4115-01, ICC22-RA22IS-2YP-01, RA22IS-2YP-01, RA23-NCW-01, ICC23-RA23-NCW-01, RA23-TIW-01 and ICC23- RA23-TIW-01.

Products and optional features are subject to state and firms availability. State variations may apply.

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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(10-21) 2198948.3

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(05-24) 3500175

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