Goldstein Scorecard: B (dated October 4, 2026). See how it is graded.
Forethought Life and Global Atlantic Company Review (October 2026): Ownership, Ratings, Portal Logins and How Agents Are Paid
Written & reviewed by Hans Goldstein, EA, Independent Licensed Insurance Producer · CA license 4273294 · NPN 20602398Admitted to practice before the IRS
Facts verified against Global Atlantic’s ratings page, press releases, rate sheets and Forethought’s SEC filings on October 4, 2026 · Updated
Forethought Life Insurance Company is the insurer behind many Global Atlantic annuities, and KKR has owned 100% of Global Atlantic since January 2, 2024. Global Atlantic lists AM Best A (Excellent), stable (ratings as of June 30, 2025). On commissions: Forethought does not publish rates for its fixed and indexed annuities; the insurer pays the agent, it is built into pricing, and you can ask for the percentage. Its MYGA, SecureFore 5, pays 5.65% at $100,000+ (effective 09/21/2026).
Correction: an earlier version of this page listed Moody’s A3 (Global Atlantic’s page shows A2), a COMDEX score of 76, a “Tier B” renewal-rate grade and a mid-tier customer service grade. The COMDEX, renewal and service grades were removed because no dated primary source supports them.
CD vs MYGA, after tax
What $100,000 earns in 5 years: CD vs MYGA, after tax
Rates used: CD 4.50%, the top nationally available 5-year CD (DepositAccounts, September 24, 2026); change it to the rate you are offered. MYGA 5.95%, the best A-rated rate we track as of October 13, 2026: Delaware Life Pinnacle Plus 5-year (AM Best A-, negative outlook, 7/31/2026), $100,000 and up, effective October 6, 2026 (Delaware Life rate sheet).
| CD, interest taxed every year | $118,826 |
|---|---|
| MYGA, tax-deferred, before tax | $133,507 |
| MYGA after paying tax on all the interest at withdrawal | $126,136 |
| Tax deferral alone adds about | $674 |
| MYGA ahead of the CD, after tax | $7,310 |
Assumes 22% federal and 0% state income tax, no withdrawals, rates held for the whole term. MYGA interest is taxed as ordinary income when you withdraw it, not as capital gains. Gains taken before age 59 1/2 can owe a 10% IRS penalty, and cashing out early can cost a surrender charge. In an IRA both grow tax-deferred, so the edge there is the rate alone. Bank and credit union deposits are FDIC or NCUA insured up to the limits; a MYGA is backed by the issuing insurer's claims-paying ability and your state's guaranty association up to its limits, not the FDIC. General education, not tax, legal or financial advice.
Is Forethought the same company as Global Atlantic?
Close to it. Global Atlantic is “the marketing name for The Global Atlantic Financial Group LLC and its subsidiaries, including Forethought Life Insurance Company” (ForeIncome II Product Highlights, 09-26). Forethought Life is the legal insurer named on many contracts, and each insurer is responsible for the products it issues. Guarantees are backed by the claims-paying ability of Forethought Life Insurance Company. Older contracts sold under the Forethought name are still Forethought Life contracts.
| Date | Event | Source |
|---|---|---|
| July 10, 1986 | Forethought Life Insurance Company incorporated in Indiana | Forethought prospectus, 2026 |
| 2004 | Global Atlantic created | Global Atlantic About Us |
| January 2, 2014 | Forethought Life comes under the control of Global Atlantic Financial Group | Forethought SEC supplement |
| February 1, 2021 | KKR closes its acquisition of Global Atlantic (about 60% after syndication) | Global Atlantic press release |
| January 2, 2024 | KKR acquires the remaining 37%, ownership 100% | Global Atlantic press release |
Video: Forethought & Global Atlantic in about 2 minutes
1 min 46 sec video. AI narration of this page, accuracy-checked against the review; the tables on this page are the current source. Education, not personal advice.
Video transcript
Are you looking for the Forethought Provider Portal? Well, here is the exact one sentence answer straight from the fact sheet. Forethought Life is part of Global Atlantic, and every login now lives on globalatlantic.com. And that was checked on September 24th, 2026. So yes, they are the same company. Forethought Life Insurance Company is simply the legal underwriting entity, and Global Atlantic is the overarching brand it markets under. Now, the corporate history here is actually pretty interesting. You might be wondering, what actually happened to Forethought Life Insurance Company? Well, nothing bad at all. In 2014, Global Atlantic acquires Forethought Financial Group. Fast forward a bit, and in 2021, the private equity firm KKR acquires majority ownership. Then, in 2024, KKR completes full ownership. So Forethought simply became the legal insurer sitting right behind the Global Atlantic brand. Okay, so the absolute crucial point for us to look at is financial strength, and the numbers show their footing is solid. AM Best gives them an A. Excellent. S&P is A, Moody's is A3, and Fitch is A. We also have the COMDEX, which is a composite score from 0 to 100, and that sits at 76. That's a solid mid-70 score. Though it does come with the usual private equity backed insurer caveat regarding how assets are managed over a full market cycle. Is Forethought and Global Atlantic a good annuity company? Well, for the right buyer, yes. It is a solid A-rated carrier. However, they generally offer middle of the pack rates. This review objectively cautions buyers about Tier B renewal rate integrity and mid-tier customer service.
Forethought annuity commissions: what is public
Forethought does not publish commission rates for its fixed indexed annuities or MYGAs, and I will not guess one. What is public: the insurer pays the agent from its own revenue, the cost is built into the product’s pricing (rates, caps, fees), and it is not deducted from your premium. Commission levels across the industry generally vary with the product and the surrender length; see how annuity commissions work and why commissions vary by age and term.
The one Forethought figure in a public filing is for a different kind of product: the 2026 prospectus for ForeStructured Growth II, a registered index-linked annuity, says up-front commissions to broker-dealers “generally range from 0% to up to 7.5% of each Premium Payment” and trail commissions “range up to 1% of your Contract Value,” with lower commissions possible for owners over 75 (SEC filing). That does not tell you the rate on a ForeIncome II or SecureFore contract. Ask your agent for that number.
Forethought provider portal and Global Atlantic logins (checked October 4, 2026)
- Preneed agents and funeral providers: Preneed login at b2b.globalatlantic.com
- Financial professionals: Financial Professional login at auth.login.globalatlantic.com; producers with policies beginning with “2” have a separate link
- Annuity owners: policies beginning with A, B, C, D or E use Global Atlantic’s policyholder portal; policies beginning with 5, 6, 7 or 8 use globalatlanticannuity.com; Commonwealth annuities have their own link
- Life policies: mygalife.globalatlantic.com
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Financial strength ratings
| Agency | Rating | Outlook |
|---|---|---|
| AM Best | A (Excellent), third highest of 13 | Stable |
| S&P | A (Strong), sixth of 21 | Stable |
| Fitch | A (Strong), sixth of 19 | Stable |
| Moody’s | A2 (Strong), sixth of 21 | Stable |
The product lineup, with verified numbers
| Product | Type | Verified fact (date) | HG review |
|---|---|---|---|
| SecureFore 5 | MYGA | 5.65% at $100,000+, 5.45% under, years 1 to 5; surrender 8, 8, 7, 6, 5% (eff. 09/21/2026) | MYGA rates |
| ForeIncome II | FIA with built-in income rider | Rider 1.20% or 1.05% of Withdrawal Base; 8.23% single-life payout at 70 (Income Builder, 09-26) | ForeIncome II review |
| ForeAccumulation II | Accumulation FIA | See review | ForeAccumulation II review |
| Global Atlantic SPIA | Immediate annuity | See review | Global Atlantic SPIA review |
Goldstein Scorecard (dated October 4, 2026)
| Dimension | Grade | Basis (sourced fact) |
|---|---|---|
| Financial strength (AM Best) | A- | A (Excellent), stable, ratings as of June 30, 2025 per Global Atlantic; S&P A, Fitch A, Moody’s A2. |
| Rate competitiveness | B | SecureFore 5: 5.65% at $100,000+ (eff. 09/21/2026) vs about 5.80% to 6.00% for A-rated-or-better 5-year MYGAs on 09/24/2026. |
| Guaranteed floor | C- | SecureFore 5 renewal rates never below 0.10%; FIA minimum caps not public. |
| Liquidity | B- | SecureFore 5: 8, 8, 7, 6, 5% surrender and 10% free after year 1; ForeIncome II charges start at 8% or 9% with an MVA. |
| Costs | B | No annual fee on SecureFore 5; ForeIncome II rider 1.05% to 1.20% of the Withdrawal Base. |
| Transparency | A- | Dated rate sheets, product highlights and a public ratings page; commission rates and FIA minimum caps not public. |
| Overall | B | Weighted toward financial strength, guaranteed floor and liquidity for a buyer who wants a known result. |
Pros and cons
- Pro: A-range ratings from all four agencies, stable outlooks (as of June 30, 2025).
- Pro: publishes dated rate sheets and full product highlights, including income payout tables.
- Pro: a 5-year MYGA (SecureFore 5) alongside FIAs, so the same insurer can be compared both ways.
- Con: SecureFore 5’s 5.65% sits just under the dated 5.80% to 6.00% benchmark, and its renewal floor is 0.10%.
- Con: commission rates and FIA minimum guaranteed caps are not public.
- Con: private-equity ownership (KKR) means investment strategy is set by a parent with its own priorities; the ratings page is the dated check.
Who it’s for, and when to look elsewhere
Fits: buyers comparing a specific Global Atlantic product who want an A-rated insurer that publishes its numbers.
Look elsewhere if: you want the highest declared 5-year rate available today, or you want the minimum caps in hand before you apply. A MYGA locks a declared rate for the term. For comparison, A-rated-or-better insurers were paying about 5.80% to 6.00% on 5-year MYGAs and the best nationally available 5-year CDs about 4.35% to 4.50% APY on September 24, 2026 (AnnuityRateWatch carrier data; DepositAccounts). Current rates: MYGA rates.
Tools and related reviews: MYGA growth calculator · MYGA vs CD after-tax calculator · Surrender charge calculator · ForeAccumulation term variants · Is a MYGA from a PE-owned carrier still safe?
Questions to ask your agent
- Which Forethought or Global Atlantic insurer issues my contract, and what is the policy form number?
- What is the guaranteed minimum rate (MYGA) or the minimum guaranteed cap (FIA) in this contract, in writing?
- Show me the full surrender schedule by year for my state, whether there is an MVA, and the free withdrawal amount.
- If there is an income rider, what is the charge, what is it charged on, and what is my guaranteed income in dollars at my activation age?
- How are you paid on this product? The commission comes from the insurer, is built into pricing and is not deducted from my premium. What percentage is it, and does a longer surrender term pay you more? (Background: how annuity commissions work.)
From my desk
With Global Atlantic, the first thing I check on any quote is which legal insurer is on the application and the form number, because Global Atlantic has several insurers under one name. Then I check the ratings page date: the current page says “as of June 30, 2025”, so I look for anything newer before I rely on it.
The number buyers most often misread here is the income rider’s growth rate. On ForeIncome II the 10% is a simple deferral bonus to an income-only base, not interest on your money. When a buyer mainly wants a known result, I put the FIA next to Forethought’s own SecureFore 5 MYGA at 5.65% (effective 09/21/2026) and compare dollars.
Hypothetical, not a quote: $100,000 at 5.65% for 5 years grows to about $131,600 if nothing is withdrawn. Run your own figures in the MYGA growth calculator.
Frequently asked questions
Is Forethought the same company as Global Atlantic?
Forethought Life Insurance Company is the insurer that issues many Global Atlantic annuities; Global Atlantic is the marketing name for The Global Atlantic Financial Group LLC and its subsidiaries, including Forethought Life. ForeIncome II and SecureFore 5, for example, are “issued by Forethought Life Insurance Company.”
Who owns Forethought Life?
KKR. Forethought Life has been controlled by Global Atlantic since January 2, 2014. KKR closed its purchase of a majority of Global Atlantic on February 1, 2021 and acquired the remaining 37% on January 2, 2024, taking its ownership to 100%. Forethought Life’s 2026 prospectus names KKR & Co. Inc. as the ultimate controlling parent.
What are Forethought Life’s ratings?
Global Atlantic’s financial strength page (ratings as of June 30, 2025) lists AM Best A (Excellent, third highest of 13), S&P A, Fitch A and Moody’s A2, all with stable outlooks, for Forethought Life and its sister insurers.
How much commission do agents earn on Forethought annuities?
For Forethought’s fixed indexed annuities and MYGAs, commission rates are not publicly disclosed. The commission is paid by the insurer, is built into pricing and is not deducted from your premium; ask the agent for the percentage. The only public figure is in the prospectus for Forethought’s registered index-linked annuity (ForeStructured Growth II): up-front commissions to broker-dealers “generally range from 0% to up to 7.5%” of premium, with trail commissions up to 1% of contract value.
Where is the Forethought provider portal?
On globalatlantic.com under the Login menu: preneed agents and funeral providers use the Preneed login (b2b.globalatlantic.com), financial professionals use the Financial Professional login, annuity owners pick the link that matches the first character of their policy number (A to E, or 5, 6, 7 or 8), and life policyholders use mygalife.globalatlantic.com. Checked October 4, 2026.
Does Global Atlantic sell a MYGA?
Yes. SecureFore 5, issued by Forethought Life, pays 5.65% for $100,000 or more and 5.45% under $100,000 for years 1 to 5 (rate sheet effective 09/21/2026). After the initial period, renewal rates are declared yearly and will never be less than 0.10%.
Sources (checked October 4, 2026)
- Global Atlantic, Financial Strength (ratings): ratings as of June 30, 2025
- Global Atlantic, About Us: checked October 4, 2026
- Global Atlantic, KKR closes acquisition of Global Atlantic: February 1, 2021
- Global Atlantic, KKR completes acquisition of the remaining 37%: January 2, 2024
- Forethought Life, SEC prospectus supplement (control by Global Atlantic): effective January 2, 2014
- Forethought Life, ForeStructured Growth II prospectus (SEC 485BPOS): filed April 21, 2026
- Global Atlantic, SecureFore 5 rate sheet (FA7413): effective 09/21/2026
- Global Atlantic, ForeIncome II Product Highlights (FIA1213-5): dated 09-26
- Global Atlantic, Login: checked October 4, 2026
Hans Goldstein is an independent licensed insurance producer (CA license 4273294, NPN 20602398). Not affiliated with Global Atlantic, Forethought Life or KKR. Figures are copied from the documents named, with their dates. Examples labelled hypothetical are illustrations, not quotes.
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Disclosure
This review is based on the carrier's public product materials and rates as of the date shown above. Annuity rates, caps, participation rates, payout factors, crediting methods, and long-term care benefit structures change often, sometimes monthly. Confirm current figures in the latest carrier disclosure and the contract before you buy. This is general education, not a personal recommendation or an offer of any product. Hans Goldstein is an independent licensed insurance producer (CA license 4273294, NPN 20602398) appointed with several A-rated carriers. His appointment with the carrier reviewed here may vary, and this review is not an endorsement. No carrier paid for this review. Always read the actual contract and consult a licensed advisor before purchasing any annuity or long-term care insurance product. Past index performance does not predict future credited interest. Annuities and hybrid life+LTC policies are long-term contracts with surrender charges; they are not suitable for funds you may need before the end of the surrender period. AM Best ratings and tax treatment are subject to change. Tax discussion of IRC §7702B, §1035, and the Pension Protection Act of 2006 reflects law as of 2026 and is subject to change.