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Fixed Indexed Annuity Details

Prosperity Elite 10 with Protection

Product Name

Prosperity Elite 10 with Protection

Annuity Type

Fixed Indexed Annuity

Issuing Insurance Company and Ratings

(4th of 15 ratings)
(7th of 20 ratings)
(8th of 21 ratings)
(7th of 21 ratings)
(percentile of rated companies)

Product Information

The Prosperity Elite 10 with Protection is a deferred fixed indexed annuity issued by Fidelity & Guaranty Life Insurance Co.

This annuity offers 6.00% 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 7.59% (see Rate Details below).

You can also allocate your premium between 6 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this annuity provides up to 10% (noncumulative) of the contract value as the penalty free withdrawal amount that may be withdrawn from the annuity each contract year.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 $25.5 billion in total assets.

Rate Details

Jul 8th, 2020
Not Scheduled

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

Fixed Account First Year Yield: 7.59%
Upfront Bonus: 6.00%
Fixed Account Current Interest Rate: 1.50%
Fixed Account Guaranteed Minimum Interest Rate: 1.00%

Initial Surrender Charge and MVA Periods

10 years

10 years

10 years

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

Policy Details

60 days
Accumulation Value
See Notes

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 06/01/2019)

For FL: No Home Health Care Rider. Upfront Bonus reduced to 5.00% for issue ages 65-70 and 2.50% for issue ages 71+

For WI: No Home Health Care Rider.

For IL, NC, and VT: No Gold Commodity Annual Point-to-Point Interest Crediting Option and MVA Rider not available.

For IN: Max issue age is 80.

For IA and NH: No Barclays Trailblazer Sectors 5.

For MD: EGMWB – Cannot begin Guaranteed Withdrawal Payments until age 50.

For MO: MVA Rider not available.

For SD: No Home Health Care Rider and No Nursing Home Rider.

Enhanced Rider benefits and availability may vary by state.


Upfront Bonus reduced to 3.25% for issue ages 71+

Income Rider Available: In addition to the flexible features of the Prosperity Elite 10 fixed indexed annuity, you must choose either the Prosperity Elite 10’s Enhancement package or the Protection package. These packages include a premium bonus rider, an income rider and death benefit. Both options include a charge.