Fixed index annuity review and rates

Accelerator Plus 14

The FG Accelerator Plus 14 is a flexible premium deferred annuity with a 14-year surrender charge period offering multiple index options and one fixed interest rate option. It is designed to be a long-term retirement savings tool with a variety of options to help you achieve the standard of living you want during your retirement. 
Available in states: AZ, AR, CO, DC, FL, GA, HI, IL, IN, IA, KS, KY, LA, ME, MD, MI, MO, NE, NH, NM, NC, ND, RI, SD, TN, VA, WV, WI, and WY

Allocation Accounts

Name Type Rates
1-Year Fixed Account
Fixed
3.5% Fixed
1-Year S&P 500 PTP Monthly Sum Cap
Point to Point
Annual
Monthly sum
2.4% Cap
1-Year S&P 500 PTP Cap
Point to Point
Annual
7.75% Cap
2-Year Barclays Trailblazer Sectors 5 PTP Participation Rate with Spread
Point to Point
Biennial
230% Participation
1-Year S&P 500 PTP Participation Rate
Point to Point
Annual
40% Participation
2-Year Barclays Trailblazer Sectors 5 PTP Participation Rate with Spread
Point to Point
Biennial
265% Participation
1-Year S&P 500 PTP Cap
Point to Point
Annual
10.5% Cap
1-Year S&P 500 PTP Monthly Sum Cap
Point to Point
Annual
Monthly sum
3.1% Cap
2-Year GS Global Factor PTP Participation Rate
Point to Point
Biennial
285% Participation
2-Year GS Global Factor PTP Participation Rate with Spread
Point to Point
Biennial
250% Participation
1-Year GS Global Factor PTP Participation Rate
Point to Point
Annual
225% Participation
1-Year GS Global Factor PTP Participation Rate
Point to Point
Annual
170% Participation
1-Year CIBC Balanced Asset 5 PTP Participation Rate with Spread
Point to Point
Annual
245% Participation
1.5% Spread
1-Year CIBC Balanced Asset 5 PTP Participation Rate
Point to Point
Annual
235% Participation
1-Year CIBC Balanced Asset 10 PTP Participation Rate
Point to Point
Annual
90% Participation
2-Year CIBC Balanced Asset 5 PTP Participation Rate with Spread
Point to Point
Biennial
260% Participation
1-Year CIBC Balanced Asset 10 PTP Participation Rate with Spread
Point to Point
Annual
175% Participation
5.9% Spread
2-Year CIBC Balanced Asset 5 PTP Participation Rate
Point to Point
Biennial
295% Participation
2-Year CIBC Balanced Asset 10 PTP Participation Rate with Spread
Point to Point
Biennial
185% Participation
5% Spread
2-Year CIBC Balanced Asset 10 PTP Participation Rate with Spread
Point to Point
Biennial
215% Participation
5% Spread
1-Year S&P 500 Index Gain Option with Declared Rate
Performance Triggered
Annual
5.75% Performance triggered
1-Year S&P 500 Index Gain Option with Declared Rate
Performance Triggered
Annual
7.75% Performance triggered

Surrender schedule

Year 1 2 3 4 5 6 7 8 9 10 11 12 13 14
Penalty 15% 14% 13% 12% 11% 10% 9% 8% 7% 6% 5% 4% 3% 2%

Riders

Name Inbuilt Fee
FG Accelerator 14 EGMWB Yes 1.15% annually
Fidelity & Guaranty Life Insurance Company
Founded: 1959
A.M. Best: A-
Fitch: A-
S&P: A-
Moody's: Baa1
Carrier details
Free withdrawal
1st year: 0%
2nd+ year: 10%
Premium bonus
8%
Surrender schedule
14 years
Return of premium
Market value adjustment
Minimum contribution
$10,000
Types of funds
Non-Qualified, IRA, IRA Rollover, TSA 403b, IRA-Roth, Inherited IRA, NQ Stretch, and TSP