ForeRetirement℠ Variable Annuity Suite

1. ForeRetirement℠ Variable Annuity Suite NAIC Training Effective 2013

2. ForeRetirement Variable Annuity: A Snapshot A ForeRetirement variable annuity from Forethought Life Insurance Company offers options for protecting your clients’ income, legacy or both, depending on their personal needs and objectives. Upon completion of this training you will gain an understanding of the ForeRetirement variable annuity product suite and obtain knowledge of the features and benefits offered within, as well as associated costs and restrictions. You then will be better able to determine which of your clients may benefit from incorporating a ForeRetirement variable annuity in their retirement strategy. *Optional Income Benefits are not available in conjunction with Inherited IRA plans. Guarantees are based on the claims-paying ability of Forethought Life Insurance Company. NOT FOR USE WITH THE PUBLIC. FOR BROKER TRAINING ONLY.

3. ForeRetirement Variable Annuity: Share Class Options *Maximum issue age may be subject to firm restrictions. Our approval is required for any Premium Payment if the aggregate of all Premium Payments received exceeds 150% of the Initial Premium. State and firm variations may apply. NOT FOR USE WITH THE PUBLIC. FOR BROKER TRAINING ONLY. Annual Maintenance Fee of $50 applies to Contracts under $50,000.

4. ForeRetirement investment platformFull investment flexibility is available to those who either elect only the ROP death benefit or elect no optional benefits *Hartford Portfolio Diversifier HLS Fund is only available within certain asset allocation models and is not available as a stand-alone investment option. NOT FOR USE WITH THE PUBLIC. FOR BROKER TRAINING ONLY.

5. ForeRetirement: Optional Income Benefits • Daily Lock Income Benefit℠ • Daily market step-up potential that locks in value every day the contract value hits a new high in excess of the current Withdrawal Base (the amount used to calculate income when taking withdrawals); or • A 6% annual deferral bonus is accumulated if step-ups are less for that contract year, available until the earlier of the tenth contract anniversary or the first withdrawal, provided no withdrawals are made. “Simple and stackable” – Simple crediting applies for the Deferral Bonus. In years when the step-ups exceed the Deferral Bonus, no bonus is credited. However, in any applicable years following, the Deferral Bonus will be credited on the stepped-up value. • Provides income through Lifetime Annual Payments (LAP)– guaranteed lifetime withdrawals, provided benefit rules are followed • Has the potential to grow income on a daily basis • Can be for one life or two lives, jointly with a spouse • Annual Lock Income Benefit℠ • Offers the same features and benefits as Daily Lock Income Benefit, except step-ups occur on an annual basis instead of daily • Once a withdrawal is made: • Deferral Bonuses cease. Daily step-ups continue until age 90. Step-ups continue to be applied to the Withdrawal Base daily, when applicable; however, resulting Lifetime Annual Payments will be calculated upon: • Contract Anniversary • The Lifetime Withdrawal Percentage changes • A subsequent Premium Payment • An Excess Withdrawal, or • A change of Owner, due to Spousal Contract Continuation* WHAT IS THE COST? Optional benefits terminate upon any beneficial ownership change. *Benefit may be reelected by spouse if eligible and available for single life option. All guarantees assume compliance with benefit rules and are based on the claims-paying ability of Forethought Life Insurance Company. NOT FOR USE WITH THE PUBLIC. FOR BROKER TRAINING ONLY.

6. Daily Lock Income Benefit Hypothetical Example Each day the contract value exceeds the current Withdrawal Base, the Withdrawal Base “steps-up” to lock in the new high. The daily high for the year is locked in to the Withdrawal Base. In this year, there is no Deferral Bonus because the daily high is greater than 6%. For up to 10 contract anniversaries or until first withdrawal, a 6% Deferral Bonus, applied to the Withdrawal Base, prevails over daily step-ups if step-ups for the year are less. During upward trends in the performance of your clients contract value, they are likely to receive frequent daily step-ups until a peak is achieved. When your client decides to begin withdrawals for retirement income, known as Lifetime Annual Payments, they are guaranteed a percentage of their Withdrawal Base for life. For example, if they are 65, they payout will be 5% for single life or 4.5% for joint life. All guarantees assume compliance with benefit rules and are based on the claims-paying ability of Forethought Life Insurance Company. NOT FOR USE WITH THE PUBLIC. FOR BROKER TRAINING ONLY.

7. Lifetime Annual Payment: Daily Lock and Annual Lock Income Benefit • Lifetime Annual Payments – guaranteed annual lifetime income amount • Calculated as a percentage of the Withdrawal Base, which is separate and distinct from the contract value. • The Withdrawal Base is an inaccessible value used solely for income calculation purposes and may not be surrendered. • The percentage of the Withdrawal Base received in annual income benefits varies by the age which income begins. • Withdrawals do not reduce the Withdrawal Base provided benefit rules are followed. • The Withdrawal Base may continue to increase through market step-ups until age 90, retaining the potential to increase benefits even while taking income. • Cumulative partial withdrawals equal to or less than the available Lifetime Annual Payment (LAP) will not reduce the Withdrawal Base. Cumulative partial withdrawals in excess of the LAP will result in a proportionate reduction. • Withdrawals taken to satisfy RMD requirements related to this Contract would not be considered an Excess Withdrawal. • Withdrawal percentages for joint-life Contracts are based on the age of the younger spouse. If income Percent of begins Withdrawal Base All guarantees assume compliance with benefit rules and are based on the claims-paying ability of Forethought Life Insurance Company. NOT FOR USE WITH THE PUBLIC. FOR BROKER TRAINING ONLY.

8. ForeRetirement: Optional Income Benefit Features • The Guaranteed Lifetime Withdrawal Benefit (GLWB) riders cannot be revoked by the owner; however, a cost increase may be declined. The current cost at that time will be locked in and no further increases will occur. If a cost increase is declined, income rates will reduce 1%; however, all applicable Deferral Bonuses and step-ups will continue. • All withdrawals prior to age 59½ are treated as excess withdrawals and reduce the Withdrawal Base proportionately. • Annual Rider Charges taken each Quarterly Contract Anniversary, waived upon partial withdrawal, death and annuitization. • Benefits are owner-driven and will terminate upon death of the owner for Single Life option (can be re-elected through Spousal Continuation subject to issue rules then in place). All guarantees assume compliance with benefit rules and are based on the claims-paying ability of Forethought Life Insurance Company. 1These investment restrictions are designed to reduce investment volatility. As a result, contract value normally may not decline in value as much as the overall market in downturns and will not normally increase in value to the same extent as the equity markets during market upswings. 2Excess withdrawals taken to satisfy RMD requirements related to the contract will not reduce the Withdrawal Base. NOT FOR USE WITH THE PUBLIC. FOR BROKER TRAINING ONLY.

9. Additional Considerations: Daily & Annual Lock Income Benefits • • Once elected, the riders cannot be revoked by the owner. • • These riders are not available if any covered life or annuitant would be age 81 or greater on the rider effective date. • • The riders are available to be added post-issue. If elected other than at Contract issuance, rider benefits will be calculated from the rider effective date, not the Contract issue date. • • Required Minimum Distributions (RMD) “friendly.” • All optional income benefits will terminate upon an ownership change, unless there is no change to the beneficial owner. • • Ownership changes may result in taxation, a change in benefits or lack of availability of the riders. • • The rider charge may increase upon any contract anniversary. If an increase is declined, the withdrawal percentage will be decreased by 1% (ex.: 5% to 4%); however, market step-ups and Deferral Bonuses, if applicable, will continue to be credited. • • Forethought may require approval for subsequent premium payments after the first contract anniversary, following the rider effective date. • • The Deferral Bonus Period applies for the 10 contract anniversaries following the rider effective date, regardless of whether a Deferral Bonus is applied to the Withdrawal Base on any given contract anniversary. The Deferral Bonus period will end sooner if a withdrawal is made. • • Unused Lifetime Annual Payment amounts will not carryover to subsequent years. • • Withdrawals may be started and stopped, but Deferral Bonuses will cease after the first withdrawal and will not be reinstated. • • Required participation in Personal Protection Portfolios or select individual fund options will impact performance. Performance varies by model. NOT FOR USE WITH THE PUBLIC. FOR BROKER TRAINING ONLY.

10. Required Investments for Daily Lock Income Benefit or Annual Lock Income Benefit Individual Fund Options* Any combination of these funds may be chosen, but they cannot be combined with Personal Protection Portfolios (PPP), and you cannot invest or transfer assets to a PPP model once invested in any of these individual fund options. Personal Protection Portfolios Each portfolio includes a 50% allocation to the Hartford Portfolio Diversifier HLS Fund. *Clients investing in these individual fund options should anticipate that their contract value normally may not decline in value as much as the overall market in downturns. However, they should also anticipate that their contract value will not normally increase in value to the same extent as the equity markets during market upswings.

11. Required Investments for Daily Lock Income Benefit or Annual Lock Income Benefit: Important Considerations The American Funds Protected Asset Allocation Fund, the TOPS Managed Risk Balanced ETF Portfolio, the TOPS Managed Risk Moderate Growth ETF Portfolio, the TOPS Managed Risk Growth ETF Portfolio, collectively along with the Hartford Portfolio Diversifier HLS Fund are designed to reduce investment volatility within the portfolios. As a result, clients should anticipate that their contract value normally may not decline in value as much as the overall market in downturns. However, they should also anticipate that their contract value will not normally increase in value to the same extent as the equity markets during market upswings. If clients are uncomfortable with the inclusion of these  funds  in their investment, the Daily Lock Income Benefit or the Annual Lock Income Benefit riders may not be suitable.    • These required investment choices are subject to both credit and interest rate risk.  • These required investment choices share prices and yield will be affected by interest rate movements, with bond prices generally moving in the opposite direction from interest rates. Credit risk refers to the bond issuers ability to make timely payments of principal and interest. • These required investment choices will use derivatives. These investment strategies may be riskier than other investment strategies and may result in greater volatility, particularly during periods of market decline. • Futures and options may be more volatile than direct investments in the securities underlying the futures and options, may not correlate perfectly to the underlying securities, may involve additional costs, and may be illiquid. • The Hartford Portfolio Diversifier HLS Fund is available solely to owners of variable annuity contracts issued by Forethought Life Insurance Company or Hartford Life Insurance Company and its affiliates who have selected certain optional benefits. • Insurers may indirectly benefit from mandatory asset allocation through reduced volatility and long-term guarantee obligations. All guarantees assume compliance with benefit rules and are based on the claims-paying ability of Forethought Life Insurance Company. NOT FOR USE WITH THE PUBLIC. FOR BROKER TRAINING ONLY.

12. Legacy Lock℠: An innovative death benefit option 1. Start with an income benefit Legacy Lock may only be purchased alongside the Daily Lock Income Benefit or Annual Lock Income Benefit • Add Legacy Lock℠ • For a death benefit that will not be reduced by income benefits provided benefit rules are followed • Withdrawals will not reduce the death benefit, as long as the client does not exceed the Lifetime Annual Payment. • Prior to annuitization, death benefits equal the greater of: • Enhanced Return of Premium (EROP) - full amount invested in the Contract, or more, based on a one-time step-up opportunity that boosts the death benefit to the contract value, if greater, at the time of first withdrawal • Base ROP – premium payments adjusted for partial withdrawals; or • Contract Value – the current Contract Value at death • A surviving spouse, through age 70, may have the ability to extend the death benefit to new beneficiaries and continue receiving income by continuing the Contract and re-electing the riders if they are still being offered. • Important Note: A variety of factors — including withdrawals, underperformance and fees — can reduce the contract value. Should the contract value be less than the greater of either one Lifetime Annual Payment or the minimum contract value, the death benefit reverts to traditional return or premium and is reduced by withdrawals. The Legacy Lock step-up would also no longer apply. Your clients may need to choose between an unreduced death benefit and continued withdrawals should the contract value approach the required minimum. WHAT IS THE COST? NOT FOR USE WITH THE PUBLIC. FOR BROKER TRAINING ONLY.

13. ForeRetirement: Legacy Lock Features 1Maximum issue age may be subject to firm restrictions. 2Available provided Contract retains a value equal to or greater than one Lifetime Annual Payment. NOT FOR USE WITH THE PUBLIC. FOR BROKER TRAINING ONLY.

14. Additional Considerations: Legacy Lock • Available for election through age 70. • The Legacy Lock death benefit is revocable on or after the first contract anniversary if the rider charge is greater than the rider charge on the rider effective date. • The Legacy Lock death benefit will be reduced proportionately for amounts in excess of Lifetime Annual Payments and for all  amounts withdrawn prior to age 59½. Ownership changes may result in a change in benefits or lack of availability of the rider. • Contract must retain a value equal to at least one LAP for the benefit to remain available; otherwise, traditional return of premium benefits will apply, without a step-up and adjusted for withdrawals. • If a Spousal Continuation of the Contract is elected, the surviving spouse must be under age 71, and re-elect the benefit if it is still being offered. • On nonqualified Contracts, death benefit value applied to the Contract upon Spousal Continuation will be considered taxable gains when withdrawn. • State and firm availability may vary. • Optional benefits are terminated upon annuitization, including at Annuity Commencement Date (ACD), and any values associated with the optional benefit may be lost or forfeited. NOT FOR USE WITH THE PUBLIC. FOR BROKER TRAINING ONLY.

15. Daily Lock & Legacy Lock Hypothetical Example All guarantees assume compliance with benefit rules and are based on the claims-paying ability of Forethought Life Insurance Company. NOT FOR USE WITH THE PUBLIC. FOR BROKER TRAINING ONLY.

16. Maximum Daily ValueBuilding a stronger legacy, one day at a time With the optional Maximum Daily Value℠ (MDV) death benefit, gains will be locked-in for beneficiaries every day that the contract value hits a new high. Maximum Daily Value (MDV) provides a unique death benefit solution that pays beneficiaries the greater of: • The contract value • Maximum Daily Value (adjusted for premium payments and withdrawals), which is the highest attained contract value on any day prior to the eighty-first birthday of the oldest owner* daily performance • Withdrawals reduce the death benefit on a proportionate basis unless purchased alongside an income rider. With an income rider, withdrawals up to the Lifetime Annual Payment (LAP) reduce the death benefit dollar-for-dollar and excess withdrawals reduce the benefit on a proportionate basis. Proportionate reductions are likely to be greater than dollar-for-dollar. *Based on the age of the annuitant if the owner is a non-natural entity. All guarantees assume compliance with benefit rules and are based on the claims-paying ability of Forethought Life Insurance Company. NOT FOR USE WITH THE PUBLIC. FOR BROKER TRAINING ONLY.

17. MAV and ROP: Standalone optional death benefits 1. Maximum Anniversary Value (MAV) — guarantees beneficiaries the greatest of: • The contract value • Premium payments (adjusted for withdrawals), or • Maximum Anniversary Value (adjusted for premium payments and withdrawals), which is the highest attained contract value on a contract anniversary through age 80* 2. Return of Premium (ROP) — guarantees beneficiaries the greater of: • The contract value, or • Premium payments (adjusted for withdrawals) WHAT IS THE COST? • Withdrawals reduce the death benefit on a proportionate basis unless purchased alongside an income rider. With an income rider, withdrawals up to the Lifetime Annual Payment (LAP) reduce the death benefit dollar-for-dollar & Excess Withdrawals reduce the benefit on a proportionate basis. Proportionate reductions are likely to be greater than dollar-for-dollar. *Based on the age of the annuitant if the owner is a non-natural entity. All guarantees assume compliance with benefit rules and are based on the claims-paying ability of Forethought Life Insurance Company. NOT FOR USE WITH THE PUBLIC. FOR BROKER TRAINING ONLY.

18. ForeRetirement MDV and MAV investment optionsAll options on this slide are also available to those who elect the ROP death benefit or a custom allocation strategy without any optional benefits Asset allocation does not guarantee that your clients contract value will increase nor will it protect against a decline if market prices fall. *Clients investing in these individual fund options should anticipate that their Contract value normally may not decline in value as much as the overall market in downturns. However, they should also anticipate that their Contract value will not normally increase in value to the same extent as the equity markets during market upswings. NOT FOR USE WITH THE PUBLIC. FOR BROKER TRAINING ONLY.

19. ForeRetirement: Death Benefit Features • Any optional death benefit is revocable on or after the first anniversary should a fee increase occur; however, a new death benefit may not be elected. Return of Premium is revocable anytime after the fifth contract anniversary. • Annual Rider Charges taken each Quarterly Contract Anniversary, waived upon partial withdrawal, death and annuitization. • Benefits are owner-driven and terminate upon death of the owner (can be re-elected upon spousal continuation subject to issue rules then in place) NOT FOR USE WITH THE PUBLIC. FOR BROKER TRAINING ONLY.

20. Additional Considerations: Optional Death Benefits • Only one optional death benefit may be elected. • The Maximum Daily Value and Maximum Anniversary Value death benefits are not available if any owner or annuitant would be age 76 or older on the benefit effective date. • All optional death benefits will terminate upon an ownership change, unless there is no change to the beneficial owner. • The optional death benefit charge is based off of the death benefit. The charge may increase upon Spousal Continuation (if available) or upon any contract anniversary. The maximum charge is 1.50% for Legacy Lock, 1.50% for Maximum Daily Value and Maximum Anniversary Value; and 0.75% for the Return of Premium Death Benefit. • The optional death benefit may be revoked if on or after the first contract anniversary the rider charge is greater than the rider charge on the rider effective date. The Return of Premium Death Benefit can be revoked anytime on or after the fifth contract anniversary. If the rider is revoked, it cannot be re-elected and another optional death benefit cannot be added. • Forethought may require approval for subsequent premium payments after the first contract anniversary, following the rider effective date. • Investment restrictions apply for Maximum Daily Value and Maximum Anniversary Value. If elected concurrently with an optional living benefit, those investment restrictions prevail. • A GLWB must be elected for Legacy Lock to be elected. The GLWB investment restrictions prevail. • Optional benefits are terminated upon annuitization, including at Annuity Commencement Date (ACD), and any values associated with the optional benefit may be lost or forfeited. NOT FOR USE WITH THE PUBLIC. FOR BROKER TRAINING ONLY.

21. ForeRetirement Strategies: ForeYour Clients The optional features within ForeRetirement can help your clients: Live in retirement with guaranteed withdrawals for lifetime income that has the potential to grow Live&Givewith guaranteed lifetime income that has the potential to grow and a death benefit that may not be reduced by the income your clients receive, provided benefit rules are followed Give a legacy that locks-in investment gains for beneficiaries All guarantees assume compliance with benefit rules and are based on the claims-paying ability of Forethought Life Insurance Company. NOT FOR USE WITH THE PUBLIC. FOR BROKER TRAINING ONLY.

22. The LIVE StrategyFor clients seeking to optimize their income potential in retirement The ForeRetirement Solution: Live with Daily Lock The optional Daily Lock Income Benefit℠ can help: 1 Protect future income 2 Guarantee income growth with deferral bonus 3 Provide a predictable, lifetime income stream that has the potential to increase All guarantees assume compliance with benefit rules and are based on the claims-paying ability of Forethought Life Insurance Company. NOT FOR USE WITH THE PUBLIC. FOR BROKER TRAINING ONLY.

23. The LIVE & GIVEStrategyFor clients seeking to optimize both income potential and a legacy for beneficiaries The ForeRetirement Solution: A Live & Give Strategy with Daily Lock & Legacy Lock The optional Daily Lock & Legacy Lock can help: 1 Protect future income 2 Guarantee income growth with deferral bonus Provide a predictable, lifetime income stream that has the potential to increase 3 4 Protect money invested as guaranteed legacy to loved ones, provided benefit rules are followed All guarantees assume compliance with benefit rules and are based on the claims-paying ability of Forethought Life Insurance Company. NOT FOR USE WITH THE PUBLIC. FOR BROKER TRAINING ONLY.

24. The GIVE StrategyFor clients without a current income need who are more interested in using their annuity to help grow a legacy. The ForeRetirement Solution: Give Strategy with Maximum Daily Value Death Benefit The optional Maximum Daily Value Death Benefit can help: 1 Protect a legacy Provide the opportunity to invest in traditional asset allocation models* 2 3 Provide potential to increase your clients legacy everyday *Asset allocation does not guarantee that your Contract value will increase nor will it protect against a decline if market prices fall. All guarantees assume compliance with benefit rules and are based on the claims-paying ability of Forethought Life Insurance Company. NOT FOR USE WITH THE PUBLIC. FOR BROKER TRAINING ONLY.

25. ForeRetirement suite of variable annuities are flexible premium variable annuities issued by Forethought Life Insurance Company, and are underwritten and distributed by Forethought Distributors, LLC. Optional benefits are subject to state and firm approval and variations. Taxable distributions (including certain deemed distributions) are subject to ordinary income taxes, and if made prior to age 591/2, may also be subject to a 10% federal income tax penalty. Distributions received from a non-qualified contract before the Annuity Commencement Date are taxable to the extent of the income on the contract. Payments from IRAs are taxable in accordance with the normal rules surrounding taxation of payments from an IRA. Early surrender charges may also apply. Withdrawals will reduce the death benefit and any optional guaranteed amounts in an amount more than the actual withdrawal. This information is intended to provide a basic understanding of the ForeRetirement suite of flexible premium variable annuities. The information cannot be used or relied upon for the purpose of avoiding IRS penalties. Forethought Life Insurance Company does not provide tax or legal advice. As with all matters of a tax or legal nature, your clients should consult their personal counsel for additional information. Forethought is Forethought Financial Group, Inc. and its subsidiaries, including the issuing company of Forethought Life Insurance Company. Forethought Life Insurance Company does not issue in the state of New York. All statements qualified by final prospectus and contract subject to change without notice. All information herein is as of 5/2013. FR-NAIC 5/13 100005-1 All guarantees assume compliance with benefit rules and are based on the claims-paying ability of Forethought Life Insurance Company. NOT FOR USE WITH THE PUBLIC. FOR BROKER TRAINING ONLY.

26. Certificate of Product-Specific Training Module Title: ForeRetirement Variable Annuity Course ID: FORVAB I certify that I have received Forethought’s Product-Specific Training materials. I further certify that I have read about and understand all material features of Forethought’s variable annuity product, and have adequate knowledge of Forethought’s variable annuity product to determine the suitability of the product for my client. A copy of this course completion certificate should be faxed to Forethought at: 785-286-6105, or emailed to FLIC-MAWF@se2.com, Attn: Licensing NOT FOR USE WITH THE PUBLIC. FOR BROKER TRAINING ONLY.