Global Atlantic ForeAccumulation II Rates (2026): 5, 7 and 10-Year Caps Compared
Written & reviewed by Hans Goldstein, EA, independent licensed insurance producer · CA license 4273294 · NPN 20602398Admitted to practice before the IRS
Rates effective September 11, 2026, checked September 24, 2026 · Updated
ForeAccumulation II's best S&P 500 1-year cap is 10.00% (on $100,000+) on the 5- and 7-year versions, and 9.75% on the 10-year, with rates effective September 11, 2026. The 1-year fixed account pays 4.00% to 4.25%. All three versions allow 10% free withdrawals a year, and surrender charges start at 8% to 9%.
CD vs MYGA, after tax
What $100,000 earns in 5 years: CD vs MYGA, after tax
Rates used: CD 5.00%, the top nationally available 5-year CD (Bankrate, October 14, 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 | $121,081 |
|---|---|
| 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 | $5,055 |
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.
ForeAccumulation II rates by term
| Strategy (1-year) | ForeAccumulation II 5 | ForeAccumulation II 7 | ForeAccumulation II 10 |
|---|---|---|---|
| S&P 500 point-to-point cap, $100K+ | 10.00% | 10.00% | 9.75% |
| S&P 500 point-to-point cap, $25K-$100K | 9.75% | 9.75% | 9.50% |
| S&P 500 performance trigger, $100K+ | 7.00% | 7.25% | 7.00% |
| Fixed rate account, $100K+ | 4.10% | 4.25% | 4.25% |
| Fixed rate account, $25K-$100K | 4.00% | 4.15% | 4.15% |
| BlackRock Diversa Volatility Control, participation ($100K+) | 145% | 150% | 155% |
| Franklin US Index, participation ($100K+) | 125% | 130% | 130% |
| JP Morgan Cross-Asset, participation ($100K+) | 125% | 130% | 130% |
| Surrender charge | 8% year 1, down to 5% in year 5 | 8% year 1, down to 3% in year 7 | 9% year 1, down to 1% in year 10 |
| Free withdrawal | 10%/yr | 10%/yr | 10%/yr |
| Minimum premium / max issue age | $25,000 / 85 | $25,000 / 85 | $25,000 / 85 |
What the rate sheet says
The 10-year pays less than the 7-year: a longer surrender period for a lower cap (9.75% vs 10.00%). Unless you need something specific to the 10-year, the 7-year is the better trade today.
$100,000 is a real breakpoint. Caps step up about 0.25% and fixed rates about 0.10% once you reach $100K.
Keep in mind these are first-year rates. The carrier resets caps every year, within the contract minimums. And any withdrawal above the free amount during the surrender period gets a market value adjustment on top of the surrender charge.
Carrier background: Forethought / Global Atlantic company review · Contract minimums and riders · ForeIncome II
ForeAccumulation II contract minimums, riders and withdrawal charges
The rate table above shows first-year rates. The contract only promises the floors below, so read these before the caps. Figures are from the ForeAccumulation II disclosure statement GA10017-01 (01-24, New Jersey version), checked October 7, 2026; other states can differ.
| Item | Per the disclosure |
|---|---|
| One-year fixed strategy | Never less than 0.50% |
| 1-year caps (S&P 500, MSCI EAFE, BlackRock Diversa) | 1.00% minimum cap |
| S&P 500 performance trigger | 1.00% minimum trigger rate |
| Participation-rate strategies (1- and 2-year) | 10% minimum participation |
| Franklin US Index 2-year spread | 15% maximum spread |
| Withdrawal charge, 5-year | 8, 8, 7, 6, 5%; 0% from year 6 |
| Withdrawal charge, 7-year | 8, 8, 7, 6, 5, 4, 3%; 0% from year 8 |
| Withdrawal charge, 10-year | 9, 9, 8, 7, 6, 5, 4, 3, 2, 1%; 0% from year 11 |
| Free withdrawal | 10% of premium (plus enhancement) in year 1; 10% of prior-anniversary value from year 2 |
| Withdrawal Charge Waiver (bailout) | No withdrawal charge, MVA or recapture for a contract year in which an eligible strategy's rate falls below its waiver rate (or a spread rises above it); waiver rates are on the rider data page, not published |
| Premium Enhancement Rider (10-year only) | Bonus percentage on the data page; recaptured 100, 100, 90, 80, 70, 60, 50, 35, 25, 10% in years 1 to 10; may lower caps and rates |
| Growth Accelerator Rider | 1.25% charge per strategy term on the value in accelerated strategies, in exchange for a higher cap or participation rate (minimum boost 1.30% on caps, 20% on 1-year and 15% on 2-year participation) |
| Enhanced Death Benefit Rider | 0.50% a year of the EDB amount, which grows 7% of the base a year until the 15th anniversary; no cash value; cannot be combined with the bonus or Growth Accelerator riders |
| Other fees | No annual administrative fee, front-end load or expense charge |
What the floors mean: on $100,000 in the S&P 500 cap strategy, today's 10.00% cap credits up to $10,000 in a strong year. At the 1.00% contract minimum, the most it could credit is $1,000. The 0.50% fixed floor is $500. The Growth Accelerator's 1.25% charge comes out whether or not the index rises, so a flat year leaves that money $1,250 lower per $100,000 allocated.
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ForeAccumulation II vs. a MYGA
ForeAccumulation II's fixed account pays 4.00% to 4.25%, and its index strategies credit between 0% and the cap. A multi-year guaranteed annuity credits one fixed rate every year of the term. Carriers rated A or better topped out around 5.50% to 6.05% on 5-year compound-interest MYGAs, per public carrier rate sheets published October 14, 2026.
If you'd be buying an FIA mainly for safety and parking most of it in the fixed account, a MYGA pays more for the same principal protection. If you want index upside with a 0% floor, compare caps across carriers, not just this one. Rates vary by state, premium and carrier.
Current MYGA rates · Fixed annuity rates · Renewal-rate integrity by carrier
ForeAccumulation II rates: FAQ
What are the current Global Atlantic ForeAccumulation II rates?
Effective September 11, 2026: the S&P 500 1-year point-to-point cap is 10.00% ($100K+) or 9.75% (under $100K) on the 5- and 7-year versions, and 9.75% / 9.50% on the 10-year. The 1-year fixed account pays 4.10% / 4.00% (5-year) and 4.25% / 4.15% (7- and 10-year).
Which ForeAccumulation II term has the best cap?
The 5- and 7-year versions carry the higher S&P 500 cap (10.00% at $100K+). The 10-year version is lower (9.75%) despite the longer surrender period, so the extra lock-up does not buy a higher cap today.
What is the ForeAccumulation II surrender schedule?
Per the rate feed: 5-year starts at 8% and steps down to 5% in year 5; 7-year starts at 8% and steps down to 3% in year 7; 10-year starts at 9% and steps down to 1% in year 10. 10% of the value can be withdrawn each year without a surrender charge, and a market value adjustment applies during the surrender period.
Who issues ForeAccumulation II?
Forethought Life Insurance Company, a Global Atlantic company. ForeAccumulation II is sold only through financial professionals.
What is the minimum for ForeAccumulation II?
$25,000, with a maximum issue age of 85, per the carrier rate feed.
Is ForeAccumulation II better than a MYGA?
They do different jobs. ForeAccumulation II credits 0% to the cap depending on the index; a MYGA credits a fixed rate every year. On October 14, 2026, A-rated-or-better insurers paid about 5.50% to 6.05% on 5-year MYGAs, versus 4.00% to 4.25% in the ForeAccumulation II fixed account.
Goldstein Complexity Index
Every annuity I review gets a complexity score from 0 to 100. Higher means harder to understand. Complexity is where buyers get hurt: riders they didn't know they were paying for, surrender charges that surprise them, and income "benefit bases" they took for cash. SPIAs and MYGAs score low. Products that stack a bonus, an income rider, an MVA and several crediting options score high.
This product's score: 24/100, Grade A (Mostly clear)
One or two complications (a rider, a crediting choice). With a 30-min agent walkthrough, most buyers understand it.
Score breakdown
| Dimension | Score (1-10) | What this measures |
|---|---|---|
| Riders | 2/10 | How many riders, optional or built in (income, death benefit, LTC). Each one adds cost and one more thing to understand. |
| Crediting strategies | 5/10 | How many index options (cap, spread, participation rate, step rate, volatility-controlled indices). More choices are harder to follow. |
| Surrender complexity | 5/10 | Length of the surrender period, plus any MVA and bonus recapture. The longer and more layered it is, the harder it is to know what leaving early costs. |
| Benefit-base separation | 1/10 | Whether there is a separate income base ("PIV") that is not cash but looks like it. This causes more buyer confusion than anything else. |
| Bonus structure | 3/10 | A premium bonus with a recapture schedule. The bonus is real, but you can lose part of it if you leave early. |
How to read this
- A+/A (0-40): Easy to understand. A pure accumulation FIA, a MYGA or a SPIA. Little room for mis-selling.
- B (41-60): Read the contract carefully and get a second opinion before signing. Income riders cause most of the confusion.
- C (61-80): Many owners don't fully understand what they bought. Common mis-sells: a bonus presented as cash, a benefit base presented as account value, surrender charges glossed over.
- D (81-100): Get an independent second opinion before signing. The product may still fit you, but the odds you later say "I didn't know it worked that way" are high.
Why it matters: nobody gets sued for selling a complicated product, but buyers regret them all the time. An annuity that wins your money in year one and confuses you for the next 14 is worse than a simpler one you understood from the start. Simple products are easier to check.
Renewal rate risk: FIA caps can change after year one
The cap you are quoted on a fixed indexed annuity is not locked like a mortgage rate. It covers the first crediting period, usually one year. At each contract anniversary the carrier can reset it anywhere above the contract minimum.
It works much like a high-yield savings rate: the bank can lower that next month, and the carrier can lower your cap next year. The reason is how caps are funded. The carrier puts most of your premium in bonds and uses part of the yield to buy index options. When bond yields fall, that option budget shrinks and caps get cut. Caps were cut across the industry in the 2010-2021 low-rate years and came back after 2022.
The minimum cap is the only guarantee
Every FIA states a minimum guaranteed cap in the contract. Some are as low as 1%, which protects you from almost nothing. Better contracts set 2 to 3%, and a few set 4% or more. Read that number before you sign.
Questions to ask before you buy
- "What is the minimum guaranteed cap in this contract?"
- "Can you show me this product's in-force renewal-rate history for the last 5 years?"
- "What cap are contracts sold in 2020, 2018 and 2015 getting today?"
- "If the cap drops to the minimum, what would I realistically earn each year?"
If the agent can't answer questions 2 and 3 with documents, you don't have enough information to buy yet.
How an FIA works, in plain terms
A fixed indexed annuity credits interest based on a stock index, with a cap on the upside and a 0% floor on the downside. A market drop can't reduce your account value, and in a big up year you only get the capped amount.
Example: $100,000 in an FIA with a 7% annual point-to-point cap on the S&P 500.
- S&P up 12%: you are credited the 7% cap, $7,000.
- S&P up 4%: you get the full 4%, $4,000.
- S&P down 20%: you get 0%, and the principal is untouched.
Where the cost sits: an FIA with no income rider has no explicit annual fee. The carrier pays for the floor by capping your upside. Surrender charges run 7 to 15 years if you pull out early, and most contracts let you take about 10% a year without a charge.
My take
ForeAccumulation II is a mainstream FIA with competitive caps from an A-rated carrier, and the 5- and 7-year versions are currently the better-priced terms. If you would use it mainly for its fixed account, a MYGA pays meaningfully more for the same principal protection.
Hans Goldstein is an independent licensed insurance producer (CA license 4273294, NPN 20602398). Rates are carrier-filed and change frequently; they are shown as of the effective date above and are not a quote. Guarantees are backed by the issuing insurer's claims-paying ability.
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Hans Goldstein · 213-414-2808 · NPN 20602398, independent licensed insurance producer appointed with multiple A-rated carriers
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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.