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Global Atlantic Life Insurance Review: A Guide for Policy Owners

Written and reviewed by Hans Goldstein, licensed insurance producer, NPN 20602398 · CA Insurance License #4273294
Last reviewed October 3, 2026 · Published October 3, 2026

Editorial review by a licensed agent who may earn a commission. No insurer pays for placement or grades. Hans is paid a commission by the insurer if you buy a policy through him. For life insurance, ask and he will tell you what he earns on your specific policy.

Short answer: Global Atlantic stopped selling new indexed universal life policies as of July 1, 2023, and continues to service the policies already in force. Its insurer Forethought Life holds an AM Best A rating, affirmed effective 10/23/2025. If you own one, nothing in your contract changed because new sales stopped, but a closed block is worth reviewing every year: get an in-force illustration, watch the caps, and know your options.

Global Atlantic at a glance

Companies: Forethought Life Insurance Company and affiliates (Global Atlantic Financial Group)

AM Best financial strength: A, stable, affirmed, effective 10/23/2025 (AM Best: Forethought Life Insurance Company (Global Atlantic) rating (10/23/2025)).

On the record:

Stopped selling new indexed universal life policies as of 7/1/2023; existing policies remain in force. (Jul 2023, InsuranceNewsNet: Global Atlantic stops selling new IUL)

What "closed to new business" means for you

Global Atlantic's exit from new IUL sales was reported in 2023 (InsuranceNewsNet). Insurers stop selling a product for many reasons: pricing, competition, strategy. It does not mean existing policies end or lose their guarantees. The insurer remains bound by your contract. What can change is anything the contract lets the insurer set: caps, participation rates and current charges, within their stated limits. On a closed block, the insurer has no new buyers to impress with competitive caps, which is why annual monitoring matters more.

Your annual checklist

Request an in-force illustration each year showing guaranteed and illustrated values, at your current premium and at the premium needed to keep the policy to age 100 or 121.
Write down this year's caps and participation rates from the annual statement and compare them with last year's.
Check whether the policy is on track to stay in force on the guaranteed column. If it lapses there before your planned age, decide now whether to add premium.
Review loans: a loan that grows faster than cash value can push the policy toward lapse and a tax bill.
If the numbers have drifted, get a review before deciding anything. Options include adjusting premium, reducing face, or a 1035 exchange.

How to read an in-force illustration · 1035 exchange of an older UL · My IUL is lapsing

Own Global Atlantic?

Get your policy graded.

Send your email and I'll send the in-force illustration request letter. Return it and I'll grade the policy within one business day.

We’ll email it to you. Hans Goldstein · NPN 20602398.

Rather talk it through? Or book 15 minutes on Hans’s calendar.

Should you replace it?

Not automatically. A newer policy brings new surrender charges, new underwriting at your current age and health, and a new contestability period. Replacement in California requires specific notices and comparisons, and it only makes sense if the new policy is clearly better for you after those costs. The honest answer for many owners is to keep the policy and fund it correctly. A review tells you which case you are in.

Own a Global Atlantic policy, or comparing one?

Send the policy or quote. Within one business day you get a written read on the Goldstein Index and two alternatives from other carriers.

Rather talk it through? Or book 15 minutes on Hans’s calendar, or call 213-414-2808.

Hans Goldstein · 213-414-2808 · NPN 20602398, independent licensed insurance producer

Frequently asked questions

Does Global Atlantic still sell IUL?

No. Global Atlantic stopped selling new indexed universal life policies as of July 1, 2023. Existing policies remain in force.

What is Global Atlantic's rating?

Forethought Life Insurance Company, a Global Atlantic insurer, holds an AM Best A (Excellent) rating, stable, affirmed effective October 23, 2025.

Is my Global Atlantic IUL safe?

Your contract's guarantees still apply and the insurer remains bound by it. Non-guaranteed terms like caps can change within contract limits, so review the policy yearly.

Should I replace my Global Atlantic policy?

Only if a review shows a replacement is clearly better after new surrender charges, new underwriting and a new contestability period.

How do I get an in-force illustration?

As the policy owner, request one from the insurer's service center. The request letter is on Hans's policy review page.

Sources

Hans Goldstein, CA Insurance License #4273294 · NPN 20602398 · Goldstein & Co. LLC dba Goldstein Insurance Services, CA License #6016830

Contact: hans@hansgoldstein.com · 213-414-2808

General education, not tax or legal advice. Tax treatment depends on your facts and on current law, which can change. Talk to your CPA or estate attorney. Guarantees are backed by the financial strength and claims-paying ability of the issuing insurance company. Guarantees apply only to the contractual terms of the policy. Caps, participation rates, loan rates, charges and dividends are not guaranteed and can change. Hans is paid a commission by the insurer if you buy a policy through him. For life insurance, ask and he will tell you what he earns on your specific policy. Product and company names are trademarks of their owners. Goldstein Insurance Services is an independent agency, not affiliated with or endorsed by any insurer named here. Life insurance requires underwriting; not everyone qualifies. This page describes products in general terms; read the policy and the insurer's disclosures before you buy.