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fixed annuities

Fixed Indexed Annuity Details

FG Index-Choice 10

This annuity product has been withdrawn by the issuing insurance company and is no longer available for new purchases.

Product Name

FG Index-Choice 10

Annuity Type

Fixed Indexed Annuity

Issuing Insurance Company and Ratings

A
(3rd of 15 ratings)
A-
(7th of 20 ratings)
A3
(7th of 21 ratings)
A-
(7th of 21 ratings)
71
(percentile of rated companies)

Product Information

The FG Index-Choice 10 is a deferred fixed indexed annuity issued by Fidelity & Guaranty Life Insurance Co.

This annuity offers 3.00% as an upfront bonus. When your full premium deposit is allocated to the fixed interest account, the current first year yield (including bonus if applicable) is 4.03% (see Rate Details below).

You can also allocate your premium between various strategy and index account options. For complete details on index account options, including current cap and participation rates, please contact AnnuityAdvantage at 1.800.239.0356.

During the time in which the annuity is subject to surrender penalties, there are policy provisions that allow partial access on a penalty free basis. Beginning in the second contract year, this annuity provides up to 10% (noncumulative) of the contract value as the penalty free withdrawal amount that may be withdrawn from the annuity each contract year.

This annuity also waives withdrawal penalties upon death. Your named beneficiary(ies) will receive a death benefit equal to the full accumulation value. A beneficiary may choose to receive their death benefit in either a lump sum or select an available annuitization option.

Details on additional penalty waivers can be found in the Penalty Free Withdrawal Provisions section below.

Fidelity & Guaranty Life Insurance Co is rated “A” by A.M. Best, was founded in 1959, and has over $40.2 billion in total assets.

Rate Details

Premium Amount: $10,000 - $1,000,000

Current
Fixed Account First Year Yield: 4.03%
Upfront Bonus: 3.00%
Fixed Account Current Interest Rate: 1.00%
Fixed Account Guaranteed Minimum Interest Rate: 1.00%
Index Accounts - Annual Cap and Participation Rates:
S&P 500 - Point-to-Point Cap: 2.25%
This annuity product has been withdrawn by the issuing insurance company and is no longer available for new purchases.

Initial Surrender Charge and MVA Periods

10 years

10 years

10 years

State variations may exist, refer to product disclosure for details.

Policy Details

Penalty Free Withdrawal Provisions

Death, Home Health Care, Nursing Home and Terminal Illness

See product brochure, disclosure and riders for additional details, limitations and availability. State variations, age restrictions and holding periods may apply.

State Variations

Not available in:  AL, AK, CA, CT, DE, ID, MA, MN, MS, MT, NV, NJ, NY, OH, OK, OR, PA, SC, TX, UT and WA (as of 07/08/2020)

For FL: No Home Health Care Rider. Upfront Bonus reduced to 2.50% for issue ages 65+

For IL and MO: MVA Rider not available.

For NH: Multi-year index interest crediting options are not available.