Questions? 1.800.239.0356

X
1.800.239.0356
Back to Top

Fixed Indexed Annuity Details

FG Retirement Pro

Product Name

FG Retirement Pro

Annuity Type

Fixed Indexed Annuity

Issuing Insurance Company and Ratings

A-
(4th of 15 ratings)
BBB+
(8th of 20 ratings)
Baa2
(9th of 21 ratings)
BBB
(9th of 21 ratings)
59
(percentile of rated companies)

Product Information

The FG Retirement Pro is a deferred fixed indexed annuity issued by Fidelity & Guaranty Life Insurance Co.

This annuity offers 4.00% 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 5.04% (see Rate Details below).

You can also allocate your premium between 4 different strategy and index account options (see Index Account Options below). For current index account options 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this annuity provides up to 10% (noncumulative) of the contract value as the penalty free withdrawal amount that may be withdrawn from the annuity each contract year.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 $24.7 billion in total assets.

Rate Details

May 8th, 2020
Not Scheduled

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

Current
Fixed Account First Year Yield: 5.04%
Upfront Bonus: 4.00%
Fixed Account Current Interest Rate: 1.00%
Fixed Account Guaranteed Minimum Interest Rate: 0.25%

Initial Surrender Charge and MVA Periods

12 years

12 years

12 years

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

Policy Details

$10,000
$10,000
$1,000,000
$1,000,000
80
80
60 days
Yes
Accumulation Value
See Notes

Penalty Free Withdrawal Provisions

None
10%
No
Yes
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, MN, MS, MT, NV, NJ, NY, OH, OK, OR, PA, SC, TX, UT, VT and WA (as of 06/01/2019)

For FL: No Home Health Care Rider. Upfront Bonus reduced to 3.00% for issue ages 65+. Early Surrender Charges, Market Value Adjustment (MVA) and Penalty Free Full Withdrawal Window reduced to 10 years for issue ages 65+

For ID: No Home Health Care Rider.

For IL, MO and VA: MVA Rider not available.

MD: GMWB available for issue ages 50+ only.

Notes

Income Rider Available: Per product design, includes a Guaranteed Minimum Withdrawal Benefit (GMWB) feature at no extra charge.