Forethought Agents
Forethought Destination Indexed Annuities
REMINDER: Temporary Partial Commission Holds - Effective May 25, 2009
Sales of Forethought Destination Indexed AnnuitiesSM often result in sizable commission payments that may lead to chargebacks if the policy-owner exercises the free-look provision. To reduce chargebacks, and our collective exposure to debit balances, beginning May 25, 2009, we will be implementing a new commission-hold policy.
We will now pay the first $10,000 - $15,000 of commission (depending on what level your IMO has elected) at the time of contract issue. The remainder will be held until the client-signed Policy Delivery Receipt has been received by Forethought AND the free-look period has expired. The free-look period may vary by state, but begins on the contract delivery date. Policy Delivery Receipts are included with every issued Forethought Destination Indexed Annuity policy and client signatures are required in all circumstances.
For any questions, contact AMZ at (866) 204-7712