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Global Atlantic launches new indexed universal life insurance product

Published 12 July 2018

Global Atlantic Financial Group has launched Lifetime Foundation ELITE, a new indexed universal life insurance product for individuals seeking simple, affordable and secure death benefit guarantees.

Lifetime Foundation ELITE provides a simple approach to life insurance with a death benefit guarantee. Assuming minimum premium requirements have been met, the death benefit of the policy can be guaranteed up to the earlier of age 90, or 40 years, depending on the insured’s underwriting class. With a death benefit guarantee up to age 90, the risk of outliving the guarantee can be diminished significantly, which helps to alleviate concerns often associated with IUL products.

Global Atlantic president of life David Wilken said: "We understand that clients are looking for products that offer guarantees to life expectancy, living benefits and lifestyle-focused features.

“Life insurance is an essential part of financial planning during one’s lifetime, and having the comfort that your policy will be there when your dependents need it is imperative.”


Lifetime Foundation ELITE offers customizable riders to help clients build a policy that fits their needs. Options include an Accelerated Access Rider (“AAR”), enabling clients to access a portion of their policy’s death benefit in the event of a chronic or critical illness. AAR is not available in California. In addition, the Terminal Illness Accelerated Death Benefit Rider helps by providing an acceleration of a portion of the policy’s death benefit up front to assist with health costs and other expenses in the event of a terminal illness.

Also available is a Wellness for Life® Rider, which provides rewards for practicing healthy habits, ultimately saving clients a substantial amount of money on their policy. Wellness for Life ® was the first Wellness rider introduced as part of a life insurance policy.

Products not available in New York. Rider availability varies by state.

Lifetime Foundation ELITE is issued by and all policy benefits are the responsibility of Accordia Life and Annuity Company, 215 10th Street, Des Moines, Iowa. Accordia Life is a subsidiary of Global Atlantic Financial Group Limited. Policy forms ICC17-IULC-C18, IULC-C18 Rider forms ULWL-E14, ICC16-LCCABR-I16 or LCCABR2-I16

Global Atlantic Financial Group (Global Atlantic) is the marketing name for Global Atlantic Financial Group Limited and its subsidiaries, including Accordia Life and Annuity Company and Forethought Life Insurance Company. Each subsidiary is responsible for its own financial and contractual obligations.